Page 199 - Hong Kong Housing Society Annual Report 2023/24

AUDITED FINANCIAL STATEMENTS 已審核財務報表
NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

2.4 Material accounting policies (continued) 2.4 重大會計政策 （續）
Properties under development for sale 作出售用途的發展中物業

Properties under development for sale in the ordinary 待建成後用作出售用途的發展中物業乃
course of business are stated at the lower of cost and net 以成本值及套現淨值的較低者入賬。
realisable value.

The cost of properties under development for sale 發展中物業的成本包括可明確識別之成
comprises specifically identified cost, including the 本，包括土地收購成本、累計發展、物
acquisition cost of land, aggregate cost of development, 料及供應品成本、工資和已資本化之其
materials and supplies, wages and other direct expenses 他直接費用、及按合理基準分配的經營
capitalised, and an appropriate proportion of overheads 費用和已資本化之借貸成本。可變現淨
and borrowing costs capitalised. Net realisable value 值為估計售價（根據當時市場情況）減去
represents the estimated selling price, based on prevailing 完成交易之估計成本及於銷售物業時所
market conditions, less estimated costs of completion and 需產生之估計成本。
costs to be incurred in selling the property.
Cash and cash equivalents 現金及現金等價物

Cash and cash equivalents in the statement of financial 財務狀況表內的現金及現金等價物包括
position comprise cash on hand and at banks, and short- 庫存現金及銀行存款以及可隨時轉換為
term highly liquid deposits with a maturity of generally 已知數額現金，價值變動風險極微且持
within three months that are readily convertible into known 作滿足短期現金承擔的一般於三個月內
amounts of cash, subject to an insignificant risk of changes 到期的短期高流動性存款。就擬備現金
in value and held for the purpose of meeting short-term 流量表而言，現金及現金等價物包括庫
cash commitments. For the purpose of the statement of 存現金及銀行存款以及上文界定的短期
cash flows, cash and cash equivalents comprise cash on 存款，彼等須於要求時償還並構成房屋
hand and at banks, and short-term deposits, as defined 協會現金管理整體的一部分。
above, less bank overdrafts which are repayable on demand
and form an integral part of the Housing Society’s cash
management.
Provisions 準備

Provisions are recognised when the Housing Society has 當過往的事項導致房屋協會須負法律或
a present legal or constructive obligation as a result of 推定責任，而且日後有可能需要撥付資
past events, and it is probable that an outflow of resources 源償付有關責任所涉及之款項，在該款
will be required to settle that obligation, and a reliable 項能夠可靠地予以估計的情況下，該款
estimate can be made. Provisions are measured at the 項會提呈準備。準備是管理層於報告期
management’s best estimate of the expenditure required 末作出在償付有關責任所涉及之款項的
to settle the obligation at the end of the reporting period, 最佳估計，當折現影響重大時，該款項
and are discounted to present value where the effect is 將貼現至現值入賬。
material.

Hong Kong Housing Society Annual Report 2023/24 香港房屋協會 2023/24 年度年報 197