Page 155 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(j) Impairment of assets (Continued)
– For available-for-sale equity securities, the cumulative loss that has
been recognized in investment revaluation reserve is reclassified to
profit or loss. The amount of the cumulative loss that is recognized
in profit or loss is the difference between the acquisition cost (net
of any principal repayment and amortization) and current fair value,
less any impairment loss on that asset previously recognized in
profit or loss. Impairment loss recognized in profit or loss in respect
of available-for-sale equity securities is not reversed through profit
or loss. Any subsequent increase in the fair value of such assets is
recognized in other comprehensive income.
– For other non-current assets, the recoverable amount is the
greater of its net selling price and value in use. In assessing value
in use, the estimated future cash flows are discounted to their
present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks
specific to the asset. An impairment loss is recognized as an
expense in profit or loss whenever the carrying amount exceeds
the recoverable amount. An impairment loss is reversed if there
has been a favorable change in the estimates used to determine
the recoverable amount. A reversal of impairment losses is limited
to the asset’s carrying amount that would have been determined
had no impairment loss been recognized in prior years. Reversals
of impairment losses are credited to profit or loss in the year in
which the reversals are recognized. An impairment loss in respect
of goodwill is not reversed.
(k) Trade and other receivables
Trade and other receivables are initially recognized at fair value and
thereafter stated at amortized cost less impairment losses for bad and
doubtful debts (note 2(j)), except where the receivables are interest-free
loans or the effect of discounting would be immaterial. In such cases,
the receivables are stated at cost less impairment losses for bad and
doubtful debts (note 2(j)).
2 主要會計政策（續）
(j) 資產減值（續）
— 就可供出售投資，已於投資重估儲備
中確認之累計虧損轉至損益。於損益
中確認之累計虧損是以收購成本（扣
除任何本金償還及攤銷）與當時公平
值之差額，並減去以往就該資產於損
益中確認的任何減值虧損後計算。就
可供出售投資於損益中確認之減值虧
損不會透過損益撥回。該等資產公平
值其後之任何增加會於其他全面收益
中確認。
— 就其他非流動資產，可收回金額為其
淨銷售價與使用價值兩者中較高之金
額。在評估使用價值時，預計未來現
金流量會按照能反映當時市場對貨幣
時間值和資產特定風險的評估的稅前
折現率，折現至其現值。凡賬面值高
於可收回金額，減值虧損於損益中確
認為開支。倘用作釐定可收回金額之
預計數據有任何有利變動時，減值虧
損即予撥回。所撥回的減值虧損以在
過往年度沒有確認任何減值虧損而釐
定的資產賬面金額為限。減值虧損之
撥回乃於確認撥回金額之年度計入損
益。有關商譽之減值虧損將不予撥回。
(k) 應收賬款及其他應收款
應收賬款及其他應收款初步按公平值確
認，其後按攤銷成本減去呆壞賬減值虧損
後入賬（附註 2(j) ）；但如應收款為免息貸款
或其貼現影響並不重大則除外。在此情況
下，應收款會按成本減去呆壞賬減值虧損
後入賬（附註 2(j)）。
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