Page 152 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(g) Other fixed assets (Continued)
2. Leased assets (Continued)
(i) Classification of assets leased to the Group (Continued)
– land held for own use under an operating lease, the fair value of
which cannot be measured separately from the fair value of a
building situated thereon at the inception of the lease, is accounted
for as being held under a finance lease, unless the building is also
clearly held under an operating lease. For these purposes, the
inception of the lease is the time that the lease was first entered
into by the Group, or taken over from the previous lessee.
(ii) Assets acquired under finance leases
Where the Group acquires the use of assets under finance leases, the
amounts representing the fair value of the leased asset, or, if lower,
the present value of the minimum lease payments, of such assets are
included in fixed assets and the corresponding liabilities, net of finance
charges, are recorded as obligations under finance leases. Depreciation
is provided at rates which write off the cost or valuation of the assets
over the term of the relevant lease or, where it is likely the Company or
the Group will obtain ownership of the asset, the life of the asset, as
set out in note 2(h). Finance charges implicit in the lease payments are
charged to profit or loss over the period of the leases so as to produce
an approximately constant periodic rate of charge on the remaining
balance of the obligations for each accounting period. Contingent
rentals are written off as an expense of the accounting period in which
they are incurred.
(iii) Operating leases charges
Where the Group has the use of assets held under operating leases,
payments made under the leases are charged to profit or loss in equal
instalments over the accounting periods covered by the lease term,
except where an alternative basis is more representative of the pattern of
benefits to be derived from the leased asset. Lease incentives received
are recognized in profit or loss as an integral part of the aggregate net
lease payments made. Contingent rentals are charged to profit or loss
in the accounting period in which they are incurred.
2 主要會計政策（續）
(g) 其他固定資產（續）
2. 租賃資產（續）
(i) 租予本集團之資產分類（續）
— 以營業租約持作自用，但無法在租賃
開始時將其公平值與建於其上之建築
物之公平值分開計量之土地，是按以
融資租約持有方式入賬；但清楚地以
營業租約持有之建築物除外。就此而
言，租賃之開始時間是指本集團首次
訂立租約時，或自前承租人接收建築
物時。
(ii) 根據融資租約購入之資產
如本集團根據融資租約購入資產之使用
權，則所租賃資產之公平值或有關資產之
最少應付租金之現值兩者之較低者計入固
定資產，而相應之負債在扣除融資費用
後，列作融資租約承擔入賬。折舊是在相
關之租約期內或資產之可使用年期（如本公
司或本集團可能取得資產之擁有權）內撇銷
資產成本或估值之比率計提；有關之資產
可使用年期載列於附註2(h)。包含在租金內
之融資費用於租約期內在損益內扣除，使
每個會計期間之融資費用佔承擔餘額的比
率大致相同。或然租金在其產生之會計期
間作為開支撇銷。
(iii) 營業租約費用
如果本集團是以營業租約獲得資產之使用
權，則根據租約作出之付款在租約期內所
涵蓋之會計期間內，以等額在損益中列
支；但如有其他基準能更清楚地反映租賃
資產所產生之收益模式則除外。所獲之租
金優惠在損益中確認為淨租金總額之不可
分割組成部份。或然租金在其產生之會計
期間內在損益中列支。
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