Page 122 - 地產代理監管局年報 2017/18 Estate Agents Authority Annual Report 2017/18

ৌਕజڌ

Financial Statements

3. ˴ࠅึࠇ݁ഄ 3. Significant Accounting Policies

͉ৌਕజڌ࣬ኽ࠰ಥึࠇࢪʮึ཯бٙ࠰ಥ The financial statements have been prepared in accordance
ৌਕజѓ๟ۆ‘ʿήପ˾ଣૢԷ‘ᇜႡf with HKFRSs issued by the HKICPA and the Estate Agents
Ordinance.

͉ৌਕజڌɗܲዝ̦ϓ͉ਿ๟ᇜႡdઓνɨΐ The financial statements have been prepared on the historical
ࠠɽึࠇ݁ഄהࠑܲʮʪᄆ࠽ࠇඎٙ߰ʍږፄ cost basis, except for certain financial instruments, which are
ʈՈৰ̮f measured at fair value, as explained in the significant
accounting policies set out below.

ዝ̦ϓ͉ɓছ˸ʹ౬஬ۜʿ؂ਕࣛഗʚ˾ᄆٙ Historical cost is generally based on the fair value of the
ʮ̻࠽މਿ๟f consideration given in exchange for goods and services.

ϗɝᆽႩ Revenue recognition
೐๫ϗɝɗ࣬ኽ೐๫ϋಂ˸ٜᇞجᆽႩf Income from issuing licences is recognised on a straight-line
basis over the life of the licence.

Ͻ༊ϗɝɗ࣬ኽϽ༊˚ಂᆽႩf Income from examinations is recognised on the date of the
examination.

ږፄ༟ପٙлࢹϗɝ׵Ϟᗫ຾᏶лूਗ਼̙ঐݴ Interest income from a financial asset is recognised when it is
ɝ္၍҅ʿϗɝږᕘঐʚ̙ቦࠇඎࣛᆽႩfл probable that economic benefits will flow into EAA and the
ࢹϗɝɗܲࣛගਿ๟ࠇၑdԨਞϽ֠ቱ͉ږᕘ amount of income can be measured reliably. Interest income
ʿቇ͜ʘྼყлଟ€уீཀਗ਼༈ධږፄ༟ପП is accrued on a time basis, by reference to the principal
ࠇϋಂཫࠇʘ͊ԸତږϗɝұᜫЇ༈ධ༟ପ׵ outstanding and at the effective interest rate applicable,
ڋϣᆽႩࣛʘሪࠦଋ࠽ʘࢹଟf 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.

120 &45"5& "(&/54 "65)03*5: t Annual Report 2017/18