Financial Report 2019

Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 21 1. PRINCIPAL ACCOUNTING POLICIES – Cont’d (b) Changes in accounting policies The impacts of the adoption of HKFRS 9 Financial Instruments on the Group’s consolidated financial statements are detailed below and it also discloses the new accounting policies that have been applied from 1 July 2018, where they are different to those applied in prior periods. (i) Impact on the consolidated financial statements As explained in note 1(b)(ii) below, HKFRS 9 was generally adopted without restating comparative i n f o rma t i on . The r e c l a s s i f i c a t i on s and t he adjustments arising from the new impairment rules are therefore not reflected in the consolidated statement of financial position as at 30 June 2018, but are recognised in the opening consolidated statement of financial position on 1 July 2018. The f o l l owi ng t ab l es show t he ad j us tmen t s recognised for each individual financial statement line item. Financial statement line items that were not affected by the changes have not been included. The adjustments are explained in more detail by standard below. (Expressed in thousands of Hong Kong dollars) ( 以港幣千元列賬 ) 30 June 2018 HKFRS 9 1 July 2018 二零一八年 六月三十日 香港財務報告 準則第 9 號 二零一八年 七月一日 Consolidated Statement of Financial Position (extract) 合併財務狀況表（節錄） Non-current Assets 非流動資產 Available-for-sale Financial Assets 可供出售財務資產 57,226 (57,226) – Held-to-Maturity Investments 持至到期日投資 1,722,070 (1,722,070) – Financial Investments at Amortised Cost 以攤銷成本列賬的 財務投資 – 1,722,070 1,722,070 Financial Assets at FVPL 按公平值計入損益賬的 財務資產 11,288,688 57,226 11,345,914 Current Assets 流動資產 Held-to-Maturity Investments 持至到期日投資 187,193 (187,193) – Financial Investments at Amortised Cost 以攤銷成本列賬的 財務投資 – 187,193 187,193 Financial Assets at FVPL 按公平值計入損益賬的 財務資產 304,094 – 304,094 1. 主要會計政策－續 (b) 會計政策變動 下文詳載採納香港財務報告準則第 9 號「金融工具」對機構財務報表之影 響，並披露與過往期間所應用者不 同並自二零一八年七月一日起應用 之新會計準則。 (i) 對綜合財務報表之影響 如下文附註 1(b)(ii) 所闡釋，採納 香港財務報告準則第 9 號一般無 須重列比較資料。因此，新減 值規則所引起之重新分類及調 整並無於二零一八年六月三十 日之綜合財務狀況表內反映， 惟於二零一八年七月一日之期 初綜合財務狀況表內確認。 下表列示就每個個別項目確認 之調整，並無載入不受有關變 動影響之財務報表個別項目。 有關調整按以下準則詳細說明。 Notes to the Consolidated Financial Statements 合併財務報表附註 2019 Financial Report 二零一九財務報告 22 1. PRINCIPAL ACCOUNTING POLICIES – Cont’d (b) Changes in accounting policies – Cont’d (ii) HKFRS 9 Financial Instruments – Impact of adoption HKFRS 9 replaces the provisions of HKAS 39 that relate to the recognition, classification and measurement of financial assets and financial liabilities, derecognition of financial instruments and impairment of financial assets. The adoption of HKFRS 9 Financial Instruments f r om 1 J u l y 2 0 1 8 r e s u l t e d i n c h a n g e s i n accoun t i ng po l i c i es and ad j us tmen t s t o t he amounts recognised in the consolidated financial statements. The new accounting policies are set out in note 1(m) below. In accordance with the transitional provisions in HKFRS 9, comparative figures have not been restated. The impact on the Group’s total funds as at 1 July 2018 is immaterial. (a) Classification and measurement On 1 July 2018, the Group’s management has assessed which business models apply to the financial assets held by the Group and has classified its financial instruments into the appropriate HKFRS 9 categories. There is no impact of these changes on the Group’s total funds. (b) Impairment of financial assets HKFRS 9 r e p l a c e s t h e “ i n c u r r e d l o s s ” i mp a i r me n t mo d e l i n HKAS 3 9 w i t h a f o rwa r d - l ook i ng “ expec t ed c r ed i t l os s ” model. The new impairment model applies to financial assets at amortised cost. The Group has the following financial assets that are subject to HKFRS 9’s new expected credit loss model: – Accounts receivable; – Loans receivable; and – Debt investments. Wh i l e cash and bank ba l ances a r e a l so subject to the impairment requirements of HKFRS 9, the identified impairment loss was immaterial. 1. 主要會計政策－續 (b) 會計政策變動－續 (ii) 香港財務報告準則第 9 號「金融 工具」－採納之影響 香港財務報告準則第 9 號取代香 港會計準則第 39 號有關財務資 產及財務負債確認、分類及計 量、金融工具終止確認及財務 資產減值之規定。 自二零一八年七月一日起採納 香港財務報告準則第 9 號「金融 工具」導致會計政策變動及綜合 財務報表中已確認之金額須予 調整。新會計政策載於下文附 註 1(m) 。按照香港財務報告準 則第 9 號之過渡規定，並無重列 比較數字。 以上對機構於二零一八年七月 一日之總資金之影響並不重大。 (a) 分類及計量 於二零一八年七月一日， 機構管理層已評估應用於 機構持有之財務資產之業 務模式，並將其金融工具 分類至香港財務報告準則 第 9 號項下之合適類別。 有關變動對機構之總資金 並無影響。 (b) 財務資產減值 香港財務報告準則第 9 號之 新減值模式以「預期信貸虧 損」模式，取代香港會計準 則第 39 號之「已產生損失」 模式。按攤銷成本列賬的 資產均須應用新減值模式。 機構有以下財務資產須遵 行香港財務報告準則第 9 號 項下之新預期信貸虧損模 式之規定： – 應收賬項； – 應收貸款；及 – 債務投資。 現金及銀行結存亦需遵循 香港財務報告準則第 9 號之 減值要求，但已識辨之減 值虧損並不重大。