Page 153 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(h) Depreciation
1. Investment properties
No depreciation is provided for investment properties and investment
properties under development.
2. Other fixed assets
Depreciation on other fixed assets is calculated to write off the cost,
less their estimated residual value, if any, on a straight line basis over
their estimated useful lives as follows:
Buildings 50 years or unexpired lease term,
whichever is shorter
Furniture and equipment 4-20 years
Motor vehicles 5 years
(i) Financial assets
1. Held-to-maturity investments
Held-to-maturity investments are non-derivative financial assets with
fixed or determinable payments and fixed maturity which the Group’s
management has the positive intention and ability to hold to maturity.
Held-to-maturity investments are initially recognized in the statement of
financial position at fair value plus transaction costs and subsequently
carried at amortized cost using the effective interest method, less any
identified impairment loss. Any impairment loss is recognized in profit or
loss when there is objective evidence that the asset is impaired (note 2(j)).
2. Other investments in equity securities
Investments in equity securities that do not have a quoted market price
in an active market and whose fair value cannot be reliably measured are
recognized in the statement of financial position at cost less impairment
losses (note 2(j)). Other investments in equity securities are classified
as available-for-sale equity securities and are initially recognized at fair
value plus transaction costs. At the end of the reporting period, the fair
value is remeasured, with any resultant gain or loss being recognized
in other comprehensive income and accumulated separately in equity.
Dividend income from these investments is recognized directly in profit
or loss in accordance with the policy set out in note 2(q). When these
investments are derecognized, the cumulative gain or loss previously
recognized directly in equity is reclassified to profit or loss.
2 主要會計政策（續）
(h) 折舊
1. 投資物業
投資物業及發展中投資物業毋須計提折舊
撥備。
2. 其他固定資產
其他固定資產之折舊乃將成本值減其估計
剩餘價值（如有），按下列預計可使用年期
以直線法撇銷：
樓宇 五十年或地契尚餘年期
（取較短者）
傢俬及設備 四至二十年
車輛 五年
(i) 金融資產
1. 持至到期日投資
持至到期日投資項目乃非衍生金融資產，
具固定或可釐定之付款及固定到期日，以
及本集團管理層具有積極意向及能力持至
到期日為止。持至到期日投資項目按公平
值加交易成本初始確認，其後按實際利率
法以攤銷成本並減去任何可識別減值撥備
入賬。當有客觀證據證明資產已減值時，
減值撥備經確認並計入損益（附註2(j)）。
2. 其他股本證券投資
於交投活躍市場上並無所報市價及其公平
值未能可靠地計量之股本證券投資，乃於
財務狀況表內按成本扣除減值虧損確認（附
註 2(j)）。其他證券投資分類為可供出售證
券，初步按公平值加上交易成本確認。本
集團在每個結算日重新計量公平值，由此
產生之任何收益或虧損均在其他全面收益
確認，以及於權益中累計。此等投資之股
息按附註 2(q) 所訂之政策於損益中確認。
當終止確認這些投資時，以往直接在權益
中確認之累計收益或虧損會在損益中確認。
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