Financial Report 2021

Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 19 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： 年度改進計劃 2018 年至 2020 年 週期年度改進 (iii) 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 (iv) 香港會計準則 第 16 號（修訂） 擬定用途前的 所得款項 (iii) 香港會計準則 第 37 號（修訂） 虧損性合約 — 履行合約的 成本 (iii) 香港財務報告準則 第 3 號（修訂） 對概念框架的 引用 (iii) 香港財務報告準則 第 4 號（修訂） 延後法的屆滿 日期 (iv) 香港財務報告準則 第 4 號及香港財務 報告準則第 7 號及 香港財務報告準則 第 9 號及香港財務 報告準則第 16 號及 香港會計準則 第 39 號（修訂） 利率基準改革 — 第二階段 (i) 香港財務報告準則 第 10 號及香港 會計準則第 28 號 （修訂） 投資者與其聯營企 業或合營企業 之間的資產出 售或注資 (v) 香港財務報告準則 第 16 號（修訂） 與新型冠狀病毒 相關之租金 寬免 (ii) 香港財務報告準則 第 17 號 保險合約 (iv) 香港財務報告準則 第 17 號（修訂） 保險合約及 相關修訂 (iv) 香港詮釋第 5 號 （ 2020 年）財務 報表的呈報 借款人對包含按 要求償還條款 的定期貸款的 分類 (iv) 會計指引第 5 號 （經修訂） 共同控制合併的 合併會計法 (iii) (i) 二零二一年一月一日或以後之會計年度生效 (ii) 二零二一年四月一日或以後之會計年度生效 (iii) 二零二二年一月一日或以後之會計年度生效 (iv) 二零二三年一月一日或以後之會計年度生效 (v) 待確 定 1. PRINCIPAL ACCOUNTING POLICIES – Cont’d (a) Basis of Preparation – Cont’d (ii) New standard, amendments and improvement 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 that have been issued but are not yet effective: Annual Improvement Projects Annual Improvements 2018 – 2020 Cycle (iii) HKAS 1 (Amendments) Classification of Liabilities as Current or Non-Current (iv) HKAS 16 (Amendments) Proceeds before Intended Use (iii) HKAS 37 (Amendments) Onerous Contracts – Cost of Fulfilling a Contract (iii) HKFRS 3 (Amendments) Reference to the Conceptual Framework (iii) HKFRS 4 (Amendments) Expiry Date of the Deferral Approach (iv) HKFRS 4, HKFRS 7, HKFRS 9, HKFRS 16 and HKAS 39 (Amendments) Interest Rate Benchmark Reform – Phase 2 (i) HKFRS 10 and HKAS 28 (Amendments) Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (v) HKFRS 16 (Amendments) COVID-19 – Related Rent Concessions (ii) HKFRS 17 Insurance Contracts (iv) HKFRS 17 (Amendments) Amendments to Insurance Contracts (iv) HK-Int 5 (2020) Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause (iv) Accounting Guidelines 5 (Revised) Merger Accounting for Common Control Combinations (iii) (i) Effective for annual periods beginning on or after 1 January 2021 (ii) Effective for annual periods beginning on or after 1 April 2021 (iii) Effective for annual periods beginning on or after 1 January 2022 (iv) Effective for annual periods beginning on or after 1 January 2023 (v) To be determined Notes to the Consolidated Financial Statements 合併財務報表附註 2021 Financial Report 二零二一財務報告 20 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) 合併賬目 合併財務報表包括本大學及其附屬公司 截至六月三十日止之賬目。 附屬公司指本機構對其具有控制權的主 體。當本機構因為參與該主體而承擔可 變回報的風險或享有可變回報的權益， 並有能力透過其對該主體的權力影響此 等回報時，本機構即控制該主體。附屬 公司在控制權轉移至本機構之日合併入 賬。附屬公司在控制權終止之日起停止 合併入賬。 (i) 業務合併 本機構採用會計收購法計算業務合 併。收購附屬公司之轉讓代價為所 轉讓資產、對被收購方的前所有人 產生或承擔的負債及本機構所發行 股本權益之公平值。所轉讓代價包 括或然代價安排產生之任何資產或 負債之公平值。收購相關成本於產 生時列為開支。於業務合併時所收 購之可識別資產及所承擔之負債及 或然負債，初步按收購日之公平值 計量。按逐項收購基準，本機構可 按公平值或按非控制性權益應佔被 購買方可辨認資產淨值的比例，計 量被收購入非控制性權益。 1. PRINCIPAL ACCOUNTING POLICIES – Cont’d (a) Basis of Preparation – Cont’d (ii) New standard, amendments and improvement 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 standard, amendments and imp r ovemen t s t o ex i s t i ng s t anda r ds and interpretations on the Group’s consolidated financial statements and is not yet in a position to state whether substantial changes to accounting po l i c i es and pr esen t a t i on o f t he f i nanc i a l statements will result. (b) Consolidation The consolidated financial statements include the financial statements of the University and its subsidiaries made up to 30 June. A subsidiary is an entity over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. (i) Business combinations The Group applies the acquisition method to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred or assumed to the former owners of the acquiree and the equity instruments issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a con t i ngen t cons i de r a t i on a r r angemen t . Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognises any non-controlling interest in the acquiree, on an acquisition-by-acquisition basis, either at fair value or at the non-controlling interest’s proportionate share of the recognised amounts of acquiree’s identifiable net assets.