Page 154 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(i) Financial assets (Continued)
Investments are recognized/derecognized on the date the Group
commits to purchase/sell the investments or they expire.
(j) Impairment of assets
An assessment is carried out at the end of each reporting period to
determine whether there is objective evidence that a current or non-current
asset, other than properties carried at revalued amounts, is impaired. In
the case of equity investments classified as available-for-sale, a significant
or prolonged decline in the fair value of the investment below its cost is
considered in determining whether the investments are impaired.
If any such indication exists, any impairment loss is determined and
recognized as follows:
– For current receivables carried at amortized cost, the impairment
loss is recognized when there is objective evidence of impairment
and measured as the difference between the asset’s carrying
amount and the present value of estimated future cash flows,
discounted at the financial asset’s original effective rate where the
effect of discounting is material. Objective evidence of impairment
includes observable data that comes to the attention of the Group
about events that have an impact on the asset’s estimated future
cash flows such as significant financial difficulty of the debtor. If in
a subsequent period the amount of impairment loss decreases,
the impairment loss is reversed through profit or loss. A reversal
of an impairment loss is limited to the asset’s carrying amount
that would have been determined had no impairment loss been
recognized in prior years.
Impairment losses for receivables whose recovery is considered
doubtful but not remote are recorded using an allowance account.
When the Group is satisfied that recovery is remote, the amount
considered irrecoverable is written off against receivables directly
and any amounts held in the allowance account relating to that
debt are reversed. Subsequent recoveries of amounts previously
charged to the allowance account are reversed against the
allowance account. Other changes in the allowance account and
subsequent recoveries of amounts previously written off directly
are recognized in profit or loss.
2 主要會計政策（續）
(i) 金融資產（續）
在本集團承諾購買／出售投資或投資到期當
日確認／終止確認有關的投資。
(j) 資產減值
本集團於每個結算日均對流動或非流動資
產（以重估值列賬之物業除外）進行評估，
決定是否有任何客觀證據顯示減值跡象。
如屬可供出售股權投資，於釐定投資是否
減值時，會考慮該投資之公平值是否重大
或長時間低於其成本值。
如有任何此類證據存在，減值虧損則會按
以下方式釐定及確認：
— 就以攤銷成本列賬之流動應收款而
言，當貼現之影響重大時，減值虧損
按客觀減值證據確認及以資產之賬面
值與以金融資產初始實際利率貼現之
預計未來現金流量現值之間之差額計
量。減值之客觀證據包括本集團所注
意到有關對資產之預計未來現金流量
有影響之事件（例如債務人之重大財
政困難）之可觀察數據。倘減值虧損
在其後期間減少，則減值虧損會於損
益撥回。減值虧損之撥回不應使資產
之賬面值超過其在以往年度並無確認
任何減值虧損而釐定之數額。
應收款之可收回性被視為可疑，但不
是可能性極低，減值虧損會採用準備
賬來列賬。當本集團認為收回的可能
性極低時，被視為不可收回的數額便
會直接沖銷應收款，與該債務有關而
在準備賬內持有的任何數額也會撥
回。其後收回早前計入準備賬的數額
會在準備賬轉回。準備賬的其它變動
和其後收回早前直接沖銷的數額均在
損益確認。
154 |