Financial Report 2020

21 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 (b) 會計政策變動 — 續 (i) 所應用的可行權宜方法 於初次應用香港財務報告準則 第 16 號時，本機構使用了該 準則所允許在下列的可行權宜 方法： • 對具有合理相似特徵的 租賃組合採納單一貼現 率； • 於二零一九年七月一日 之餘下租賃期少於 12 個 月的經營租賃列為短期 租賃處理； • 於初次適用日期計量使 用權資產時撇除的初始 直接成本；及 • 如合同包含延展或終止 租賃的選擇權，以事後 分析結果確定租期。 本機構亦已選擇不重新評估合 同在初次適用日期是否為租賃 或包含租賃。相反，對於在過 渡期之前簽訂的合同，本機構 依據其應用香港會計準則第 17 號和第 4 號詮釋「決定一項 安排是否包含租賃」作出評估。 本機構自二零一九年七月一日 起提前追溯採納香港財務報告 準則第 16 號（修訂） 2019 冠狀 病毒病疫情的相關租金支援。 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (b) Changes in accounting policies — Cont’d (i) Practical expedients applied In applying HKFRS 16 for the first time, the Group has used the following practical expedients permitted by the standard: • applying a single discount rate to a portfolio of leases with reasonably similar characteristics; • accounting for operating leases with a remaining lease term of less than 12 months as at 1 July 2019 as short-term leases; • excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application; and • using hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The Group has also elected not to reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the Group relied on its assessment made applying HKAS 17 and Interpretation 4 Determining whether an Arrangement contains a Lease. The Group has early adopted HKFRS 16 (Amendment) Covid-19-Related Rent Concessions retrospectively from 1 July 2019. 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 22 1. 主要會計政策 — 續 (b) 會計政策變動 — 續 (ii) 租賃負債的計量 以下是二零一九年六月三十日 披露的物業營運租賃承擔與二 零一九年七月一日確認的租賃 負債的對賬： (iii) 使用權資產的計算 使用權資產是按相等於租賃負 債的金額計量，並根據截至二 零一九年六月三十日在財務狀 況表中確認的與該租賃有關的 任何預付款或應計租賃付款額 進行調整。 (iv) 於二零一九年七月一日在合併 財務狀況表中確認的調整 受會計政策變動影響於二零 一九年七月一日合併財務狀況 表的項目如下： 就二零一九年七月一日總資金 而言並無影響。 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (b) Changes in accounting policies — Cont’d (ii) Measurement of lease liabilities A reconciliation of the operating lease commitments disclosed as at 30 June 2019 to the lease liabilities recognised as at 1 July 2019 is set as below: Group University (Expressed in thousands of Hong Kong dollars) （以港幣千元列賬） 機構 大學 Operating lease commitments disclosed as at 30 June 2019 於二零一九年六月三十日披露 之物業營運租賃承擔 216,601 50,198 Discounted using the lessee’s incremental borrowing rate at the date of initial application 按本機構遞增借款利率進行貼現 (22,666) (2,175) Add: Adjustments as a result of a different treatment of extension and termination options 加 : 因合約期及預期租賃期 （包括續期權）之不同處理 方法而作出之調整 57,383 56,963 Less: Short-term leases not recognised as liabilities 減 : 短期租約不確認為負債 (61,398) (9,943) Less: Non-lease components 減 : 非租賃組成部份 (13,452) (13,452) Lease liabilities recognised as at 1 July 2019 於二零一九年七月一日之 租賃負債 176,468 81,591 Of which are: 其中 : Current lease liabilities 流動租賃負債 44,915 16,941 Non-current lease liabilities 非流動租賃負債 131,553 64,650 176,468 81,591 (iii) Measurement of right-of-use assets The right-of use assets were measured at the amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to that lease recognised in the statement of financial position as at 30 June 2019. (iv) Adjustments recognised in the consolidated statement of financial position on 1 July 2019 The change in accounting policy affected the following items in the consolidated statement of financial position on 1 July 2019: Group University (Expressed in thousands of Hong Kong dollars) （以港幣千元列賬） 機構 大學 Property, plant and equipment: Leasehold land — decrease 物業、機器及設備 : 租賃土地 – 減少 (953,230) (706,769) Right-of-use assets — increase by 使用權資產 — 增加 1,129,698 788,360 Current lease liabilities — increase by 流動租賃負債 — 增加 (44,915) (16,941) Non-current lease liabilities — increase by 非流動租賃負債 — 增加 (131,553) (64,650) There is no net impact on Total Funds on 1 July 2019.