Notes to the Consolidated Financial Statements 合併財務報表附註 2023 Financial Report 二零二三財務報告 96 (iv) 釐定租約年期及貼現率 於釐定租約年期時，管理層會考慮引發行使 延長租約選擇權或不行使終止租約選擇權的 經濟動機的所有事實及情況。延長租約選擇 權（或終止租約選擇權後的時期）僅於合理肯 定租約將會延長（或不會終止）時計入租約年 期。由於無法合理肯定租約將會延長（或不會 終止），故此潛在未來現金流出並無計入租賃 負債。倘因發生重大事件或情況出現重大改 變而影響評估，並於承租人掌控之中，則須 檢討有關評估。 在釐定貼現率時，機構須於租賃開始日期及 變動生效日期，考慮相關資產的性質與該租 賃的條款及條件，就釐定貼現率作出重大判 斷。 資本管理 本機構的資本管理宗旨是保障本機構有能力持續 經營，以提供高等教育及科研，並維持最佳資本 結構，以減低資本成本。 本機構因應經濟情况的變化和其活動的風險特徵 來管理其資本結構並作出相應調整。 35. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS – Cont’d 主要會計估計及判斷－續 (iv) Lease term and discount rate determination In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). Potential future cash outflows have not been included in the lease liability because it is not reasonably certain that the leases will be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the lessee. In determining the discount rate, the Group is required to exercise considerable judgement in relation to determine the discount rate taking into account the nature of the underlying assets and the terms and conditions of the leases, at both the commencement date and the effective date of the modification. 36. CAPITAL MANAGEMENT The Group’s primary objective of capital management is to safeguard the Group’s ability to continue as a going concern to provide tertiary education and research, and to maintain an optimal capital structure to reduce the cost of capital. The Group manages its capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of its activities.
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