Page 150 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(e) Goodwill (Continued)
Any excess of the Group’s interest in the fair value of the acquiree’s
identifiable assets, liabilities and contingent liabilities over the cost of a
business combination is recognized immediately in profit or loss as a
gain on a bargain purchase.
On disposal of an entity, any attributable amount of purchased goodwill
is included in the calculation of the profit or loss on disposal.
(f) Properties
1. Investment properties and investment properties under
development
Investment properties are land and/or buildings which are owned or
held under a leasehold interest to earn rental income and/or for capital
appreciation. These include land held for a currently undetermined
future use and property that is being constructed or developed for
future use as investment property.
Investment properties are stated at fair value, unless they are still in the
course of construction or development at the end of the reporting period
and their fair value cannot be reliably determined at that time. Any gain or
loss arising from a change in fair value or from the retirement or disposal
of an investment property is recognized in profit or loss. Rental income
from investment properties is accounted for as described in note 2(q).
When the Group holds a property interest under an operating lease
to earn rental income and/or for capital appreciation, the interest is
classified and accounted for as an investment property on a property-by-
property basis. Any such property interest which has been classified as
an investment property is accounted for as if it were held under a finance
lease, and the same accounting policies are applied to that interest as
are applied to other investment properties leased under finance leases.
Lease payments are accounted for as described in note 2(g).
2. Properties under development for sale
Properties under development for sale are classified under current
assets and stated at the lower of cost and net realizable value. Costs
include the acquisition cost of land, aggregate cost of development,
borrowing costs capitalized (note 2(o)) and other direct expenses. Net
realizable value represents the estimated selling price less estimated
costs of completion and costs to be incurred in selling the property.
2 主要會計政策（續）
(e) 商譽（續）
本集團在被收購方之可辨別資產、負債和
或然負債的公平值中所佔部份，超過企業
合併之成本部份，會當作為議價收購即時
在損益中確認。
當出售一間公司時，任何應佔購入商譽於
出售時計入損益內。
(f) 物業
1. 投資物業及發展中投資物業
投資物業是根據租賃權益擁有或持有，用
作賺取租金收入及／或資本增值之土地及／
或樓宇。當中包括現時持有但未確定將來
用途之土地及仍在興建或發展中以供日後
用作投資物業之物業。
投資物業以公平值入賬，除非物業於結算
日仍在興建或發展而物業的公平值在當時
不能可靠計量。因公平值變動或報廢或出
售投資物業所產生的任何收益或虧損將確
認為損益。投資物業之租金收入如附註 2(q)
所述入賬。
倘本集團根據營業租約持有一項物業權益
以賺取租金收入及／或作資本增值，該權
益則按不同的物業而分類及入賬為投資物
業。任何已分類為投資物業的物業權益乃
分類為猶如根據融資租約持有的權益，相
同的會計政策亦適用於根據融資租約持有
的其他投資物業的權益。應付租金如附註
2(g) 所述入賬。
2. 待售發展中物業
待售發展中物業皆列入流動資產內，並以
成本值及可變現淨值之較低者入賬。成本
包括土地購買成本、發展成本、資本化之
借貸成本（附註 2(o)）及其他直接開支之總
和。可變現淨值乃估計物業售價減估計落
成成本及出售物業涉及之費用。
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