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Estate Agents Authority Annual Report 2014/15
3. Significant Accounting Policies
The financial statements have been prepared under the
historical cost basis and in accordance with Hong Kong
Financial Reporting Standards issued by the HKICPA
and the Estate Agents Ordinance. The significant
accounting policies adopted are as follows:
Revenue recognition
Income from issuing licences is recognised on a
straight-line basis over the life of the licence.
Income from examinations is recognised on the date of
the examination.
Interest income from a financial asset is recognised
when it is probable that economic benefits will flow into
the EAA and the amount of income can be measured
reliably. Interest income is accrued on a time basis, by
reference to the principal outstanding and at the
effective interest rate applicable, which is the rate that
exactly discounts the estimated future cash receipts
through the expected life of the financial asset to that
asset’s net carrying amount on initial recognition.
Property, plant and equipment
Property, plant and equipment are stated in the
statement of financial position at cost less subsequent
accumulated depreciation and subsequent accumulated
impairment losses, if any.
Depreciation is recognised so as to write off the cost of
items of property, plant and equipment less their
residual values over their estimated useful lives, using
the straight-line method. The estimated useful lives,
residual values and deprecation method are reviewed at
the end of each reporting period, with the effect of any
changes in estimate accounted for on a prospective
basis.
3.
主要會計政策
本財務報表按歷史成本法及根據
香港會計師公會頒佈的《香港財
務報告準則》及《地產代理條例》
編製。主要採用的會計政策如
下：
收入確認
牌照收入乃根據牌照年期以直線
法確認。
考試收入乃根據考試日期確認。
金融資產的利息收入於有關經濟
利益將可能流入監管局及收入金
額能予可靠計量時確認。利息收
入乃按時間基準計算，並參考尚
餘本金額及適用之實際利率（即
透過將該項金融資產估計年期預
計之未來現金收入折讓至該項資
產於初次確認時之賬面淨值之息
率）。
物業、器材及設備
物業、器材及設備乃按成本減其
後累計折舊及累計減值虧損（如
有）於財務狀況表列賬。
物業、器材及設備折舊乃按其估
計可使用年期，以直線法撇銷其
成本減剩餘價值。估計可使用年
期，剩餘價值及折舊方法於各報
告期終時檢討，並會考慮到未來
估計任何變動的影響。
