Page 118 - 地產代理監管局年報 2017/18 Estate Agents Authority Annual Report 2017/18

ৌਕజڌ

Financial Statements

2. Ꮠ͜อࠈʿ຾ࡌࠈʘ࠰ಥৌਕ 2. Application of New and Amendments
జѓ๟ۆ€˜࠰ಥৌਕజѓ๟ۆ™ to Hong Kong Financial Reporting
€ᚃ Standards (¨HKFRSs©) (Continued)

ʊ཯бШ֠͊͛ࣖʘ࠰ಥৌਕజѓ๟ New and revised HKFRSs in issue but not
ۆอࠈʿࡌࠈ͉ €ᚃ yet effective (Continued)
࠰ಥৌਕజѓ๟ۆୋ9໮ږፄʈՈ€ᚃ HKFRS 9 Financial Instruments (Continued)
t ఱږፄ༟ପಯ࠽ϾԊdၾ࠰ಥึࠇ๟ۆ t JO SFMBUJPO UP UIF JNQBJSNFOU PG GJOBODJBM BTTFUT ),'34
ୋ39໮˜ږፄʈՈjᆽႩʿࠇඎ™ɨܲ 9 requires an expected credit loss model, as opposed to
ʊପ͛ڦ൲ᑦฦᅼόࠇၑ޴ˀd࠰ಥৌ an incurred credit loss model under HKAS 39 Financial
ਕజѓ๟ۆୋ9໮஝֛મ͜ཫಂڦ൲ᑦ Instruments: Recognition and Measurement (“HKAS
ฦᅼόfཫಂڦ൲ᑦฦᅼόცࠅྼ᜗׵ 39”). The expected credit loss model requires an entity
΢జѓ˚ಂਗ਼ཫಂڦ൲ᑦฦʿ༈ഃཫಂ to account for expected credit losses and changes in
ڦ൲ᑦฦٙᜊਗɝሪd˸ˀ݈ڦ൲ࠬᎈ those expected credit losses at each reporting date to
Іڋ֐ᆽႩ˸Ըٙᜊਗf౬Ԋʘdˡ඲ reflect changes in credit risk since initial recognition. In
Ύܙ೯͛ڦ൲ԫ΁у̙ᆽႩڦ൲ᑦฦf other words, it is no longer necessary for a credit event
to have occurred before credit losses are recognised.

࣬ኽ္၍҅׵2018ϋ3˜31˚ٙږፄʈՈʿ Based on EAA’s financial instruments and risk management
ࠬᎈ၍ଣ݁ഄd္၍҅၍ଣᄴཫಂڋ֐મ͜࠰ policies as at 31 March 2018, management of EAA anticipates
ಥৌਕజѓ๟ۆୋ9໮ਗ਼ึପ͛˸ɨᆑίᅂᚤj the following potential impact on initial application of HKFRS
9:

ʱᗳʿࠇඎ Classification and measurement
הϞږፄ༟ପʿږፄࠋවਗ਼ᘱᚃܲ࠰ಥึࠇ๟ All financial assets and financial liabilities will continue to be
ۆୋ39໮ɨ຅ۃࠇඎٙ޴Νਿ๟ࠇඎf measured on the same bases as are currently measured under
HKAS 39.

ಯ࠽ Impairment
ɓছϾԊd္၍҅၍ଣᄴཫಂdમ͜࠰ಥৌਕ In general, management of EAA anticipates that the
జѓ๟ۆୋ9໮ٙཫಂڦ൲ᑦฦᅼόਗ਼ኬߧ౤ application of the expected credit loss model of HKFRS 9 will
ۃࠇ౤ڦ൲ᑦฦᅡ௪dϾ္၍҅ܲᛅቖϓ͉ࠇ result in earlier provision of credit losses which are not yet
ඎٙږፄ༟ପʿՉ˼ධͦ඲׵္၍҅મ͜࠰ಥ incurred in relation to the EAA’s financial assets measured at
ৌਕజѓ๟ۆୋ9໮ܝࠇ౤ͦۃ֠͊ପ͛ٙڦ amortised costs and other items that subject to the
൲ᑦฦf impairment provisions upon application of HKFRS 9 by EAA.

ਿ׵္၍҅၍ଣᄴٙ൙ПdՉཫࠇ࠰ಥৌਕజ Based on the assessment by management of EAA, it is
ѓ๟ۆୋ9໮ٙྼ݄ਗ਼ʔึ࿁္၍ุ҅ٙᐶʿ anticipated that the application of the HKFRS 9 will have no
ৌਕًرପ͛ࠠɽৌਕᅂᚤf material financial impacts on the results and the financial
position of EAA.

116 &45"5& "(&/54 "65)03*5: t Annual Report 2017/18