Financial Report 2020

19 The University of Hong Kong 香港大學 Notes to the Consolidated Financial Statements 合併財務報表附註 1. 主要會計政策 — 續 (a) 編制基準 — 續 (ii) 尚未生效的新訂╱已修改財務 報告準則及詮釋 — 續 本機構並未提前採納以下與本 機構有關的新公佈之準則及現 有準則之修訂及詮釋： 於下列日期 或以後之會 計年度生效 香港會計準則第 1 號（修訂）及香港 會計準則第 8 號 （修訂）重大的定 義 二零二零年 一月一日 香港財務報告準則 第 3 號（修訂）業 務的定義 二零二零年 一月一日 財務報告之觀念架 構 2018 修改財務 報告之觀念架構 二零二零年 一月一日 香港財務報告準則 第 9 號（修訂）及 香港會計準則第 39 號（修訂）及 香港財務報告準 則第 7 號（修訂） 基準利率改革 二零二零年 一月一日 香港財務報告準則 第 17 號保險合約 二零二一年 一月一日 香港會計準則第 1 號（修訂）負債分 類為流動負債或 非流動負債 二零二三年 一月一日 香港財務報告準則 第 10 號 及 香 港 會 計 準 則 第 28 號（修訂）投資者 與其聯營或合營 企業之間的資產 出售或注資 待確定 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (a) Basis of Preparation — Cont’d (ii) New, revised and amendments to existing standards and interpretations that are not yet effective — Cont’d The Group has not early applied the following new and amendments to existing standards and interpretations that have been issued but are not yet effective: Effective for accounting periods beginning on or after HKAS 1 and HKAS 8 (Amendments) Definition of Material 1 January 2020 HKFRS 3 (Amendments) Definition of a Business 1 January 2020 Conceptual Framework for Financial Reporting 2018 Revised Conceptual Framework for Financial Reporting 1 January 2020 HKAS 39, HKFRS 7 and HKFRS 9 (Amendments) Interest Rate Benchmark Reform 1 January 2020 HKFRS 17 Insurance Contracts 1 January 2021 HKAS 1 (Amendments) Classification of Liabilities as Current or Non-Current 1 January 2023 HKFRS 10 and HKAS 28 (Amendments) Sale or Contribution of Assets between and Investor and its Associate or Joint Venture To be determined Notes to the Consolidated Financial Statements 合併財務報表附註 2020 Financial Report 二零二零財務報告 20 1. 主要會計政策 — 續 (a) 編制基準 — 續 (ii) 尚未生效的新訂╱已修改財務 報告準則及詮釋 — 續 管理層已開始評估以上新 訂╱已修改財務報告準則及詮 釋對本機構合併財務報表之影 響，但並未能陳述對基本會計 政策之改變與財務報表呈報之 結果。 (b) 會計政策變動 本附註闡釋採納香港財務報告準則 第 16 號租賃對機構財務報表的影響。 如上文附註 1(a)(i) 所述，本機構自二 零一九年七月一日起使用修改追溯 法採納香港財務報告準則第 16 號租 賃，根據特定過渡條款允許，並無 重列二零一九年的匯報期比較數 字。因此，新租賃規則產生的重新 分類和調整在二零一九年七月一日 的期初財務狀況表中確認。新的會 計政策在附註 1(k) 中披露。 於採納香港財務報告準則第 16 號 時，本機構已就先前根據香港會計 準則第 17 號租賃之準則分類為「經 營租賃」的租賃確認租賃負債。該 等負債按租賃付款餘額的現值計 量，並按本機構截至二零一九年七 月一日的遞增借款利率進行貼現。 本機構於二零一九年七月一日應用 於租賃負債的遞增借款利率範圍為 3.6% 至 4.9% 。 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (a) Basis of Preparation — Cont’d (ii) New, revised and amendments to existing standards and interpretations that are not yet effective — Cont’d Managemen t has a l r eady commenced an assessment of the likely impact of adopting the above new, revised and amendments to existing standards and interpretations on the Group’s consolidated financial statements and is not yet in a position to state whether substantial changes to accounting policies and presentation of the financial statements will result. (b) Changes in accounting policies This note explains the impact of the adoption of HKFRS 16 Leases on the Group’s financial statements. As indicated in note 1(a)(i) above, the Group has adopted HKFRS 16 Leases using modified retrospective approach from 1 July 2019, but has not restated comparatives for the 2019 reporting period, as permitted under the specific transition provisions in the standard. The reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening statement of financial position on 1 July 2019. The new accounting policies are disclosed in note 1(k). On adoption of HKFRS 16, the Group recognised lease liabilities in relation to leases which had previously been classified as “operating leases” under the principles of HKAS 17 Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate as of 1 July 2019. The Group’s incremental borrowing rate applied to the lease liabilities on 1 July 2019 ranged from 3.6% to 4.9%.