Page 148 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(c) Subsidiaries and non-controlling interests (Continued)
Changes in the Group’s interests in a subsidiary that do not result in a loss
of control are accounted for as equity transactions, whereby adjustments
are made to the amounts of controlling and non-controlling interests
within consolidated equity to reflect the change in relative interests, but no
adjustments are made to goodwill and no gain or loss is recognized.
When the Group loses control of a subsidiary, it is accounted for as a
disposal of the entire interest in that subsidiary, with a resulting gain
or loss being recognized in profit or loss. Any interest retained in that
former subsidiary at the date when control is lost is recognized at fair
value and this amount is regarded as the fair value on initial recognition
of a financial asset or, when appropriate, the cost on initial recognition
of an investment in an associate or jointly controlled entity.
In the Company’s statement of financial position, investments in
subsidiaries are stated at cost less impairment losses (note 2(j)).
(d) Jointly controlled entities
A jointly controlled entity is an entity which operates under a contractual
arrangement between the Group or the Company and other parties,
where the contractual arrangement establishes that the Group or the
Company and one or more of the other parties share joint control over
the economic activity of the entity.
The Group’s interests in jointly controlled entities are accounted for in
the consolidated financial statements under the equity method and are
initially recorded at cost and adjusted thereafter for the post-acquisition
change in the Group’s share of the jointly controlled entities’ net assets.
The consolidated income statement includes the Group’s share of the
post-acquisition, post-tax results of the jointly controlled entities for
the year, whereas the Group’s share of the post-acquisition, post-tax
items of the jointly controlled entities’ other comprehensive income is
recognized in the consolidated statement of comprehensive income.
2 主要會計政策（續）
(c) 附屬公司及非控股權益（續）
本集團於附屬公司的權益變動不對控制權
有所改變，則按權益交易方式入賬，即只
調整在綜合權益內之控股及非控股股東權
益的金額以反映其相關權益的變動，但不
調整商譽及確認損益。
當本集團失去一附屬公司之控制權，將按
出售該附屬公司之所有權益入賬，而所產
生的盈虧確認為損益。任何在喪失控制權
日仍保留該前度附屬公司之權益按公平值
確認，而此金額被視為初始確認為金融資
產的公平值，或（如適用）按成本初始確認為
聯營公司或合營公司投資。
在本公司之財務狀況表內，附屬公司之投
資乃按成本值減去任何減值虧損列賬（附註
2(j)）。
(d) 合營公司
合營公司乃一間由本集團或本公司與其他
人士按一項合約性安排而經營之公司，而
在該項合約性安排下，本集團或本公司與
一名或多名其他人士對該公司之經濟活動
共同行使控制權。
本集團於合營公司之權益乃以權益法在綜
合財務報表內列賬，初步以成本入賬，其後
按本集團應佔合營公司之淨資產於收購後
之改變作出調整。綜合收益表包括本集團
應佔合營公司於收購後及除稅後之本期業
績，而本集團應佔合營公司於收購後及除
稅後之其他全面收益於綜合全面收益表內
確認。
148 |