Page 182 - Hong Kong Housing Society Annual Report 2023/24

2.4 Material accounting policies 2.4 重大會計政策
Fair value measurement 公允值計量

The Housing Society measures its investment related 房屋協會於各報告期末按公允值計量其
financial assets and investment related financial liabilities 有關投資的財務資產及有關投資的財務
at fair value at the end of each reporting period. Fair value 負債。公允值為市場參與者於計量日期
is the price that would be received to sell an asset or paid 在有序交易中出售資產所收取的價格或
to transfer a liability in an orderly transaction between 轉讓負債所支付的價格。公允值計量乃
market participants at the measurement date. The fair 根據假設出售資產或轉讓負債的交易於
value measurement is based on the presumption that 資產或負債主要市場或（在無主要市場
the transaction to sell the asset or transfer the liability 情況下）最具優勢市場進行而作出。主
takes place either in the principal market for the asset or 要及最具優勢市場須為房屋協會可進入
liability, or in the absence of a principal market, in the most 之市場。資產或負債的公允值乃按假設
advantageous market for the asset or liability. The principal 市場參與者於資產或負債定價時會以最
or the most advantageous market must be accessible by the 佳經濟利益行事計量。
Housing Society. The fair value of an asset or a liability is
measured using the assumptions that market participants
would use when pricing the asset or liability, assuming that
market participants act in their economic best interest.
A fair value measurement of a non-financial asset takes 非財務資產的公允值計量須考慮市場參
into account a market participant’s ability to generate 與者能以最大限度使用該資產達致最佳
economic benefits by using the asset in its highest and best 用途，或將該資產出售予將最大限度使
use or by selling it to another market participant that would 用該資產達致最佳用途的其他市場參與
use the asset in its highest and best use. 者，所產生的經濟效益。
The Housing Society uses valuation techniques that are 房屋協會採納適用於不同情況且具備充
appropriate in the circumstances and for which sufficient 分數據以供計量公允值的估值方法，以
data are available to measure fair value, maximising the 儘量使用相關可觀察輸入數據及儘量減
use of relevant observable inputs and minimising the use of 少使用不可觀察輸入數據。
unobservable inputs.

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