Page 156 - Hang Lung Group 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(l) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand,
demand deposits with banks and other financial institutions, and
short-term, highly liquid investments that are readily convertible into
known amounts of cash and which are subject to an insignificant risk
of changes in value. Bank overdrafts that are repayable on demand
and form an integral part of the Group’s cash management are also
included as a component of cash and cash equivalents for the purpose
of the consolidated cash flow statement.
(m) Trade and other payables
Trade and other payables are initially recognized at fair value and
thereafter stated at amortized cost unless the effect of discounting
would be immaterial, in which case they are stated at cost.
(n) Interest-bearing borrowings
Interest-bearing borrowings are recognized initially at fair value less
attributable transaction costs. Subsequent to initial recognition, interest-
bearing borrowings are stated at amortized cost with any difference
between costs and redemption value being recognized in profit or loss
over the period of the borrowings using the effective interest method.
(o) Borrowing costs
Borrowing costs that are directly attributable to the acquisition,
construction or production of an asset which necessarily takes a
substantial period of time to get ready for its intended use or sale are
capitalized as part of the cost of that asset. Other borrowing costs are
expensed in the period in which they are incurred.
The capitalization of borrowing costs as part of the cost of a qualifying
asset commences when expenditure for the asset is being incurred,
borrowing costs are being incurred and activities that are necessary
to prepare the asset for its intended use or sale are in progress.
Capitalization of borrowing costs is suspended or ceases when
substantially all the activities necessary to prepare the qualifying assets
for its intended use or sale are interrupted or complete.
2 主要會計政策（續）
(l) 現金及現金等價物
現金及現金等價物包括銀行及手頭之現
金、於銀行及其他財務機構之活期存款，
及短期而高流動性之投資，即在沒有涉及
重大價值轉變之風險下可以即時轉換為已
知數額之現金的投資。就編製綜合現金流
量表而言，現金及現金等價物包括即期償
還及構成本集團現金管理之不可分割組成
部份之銀行透支。
(m) 應付賬款及其他應付款
應付賬款及其他應付款初步按公平值確
認，其後按攤銷成本入賬；但如貼現影響
並不重大，則按成本入賬。
(n) 計息借貸
計息借貸初步按公平值減應佔交易成本確
認。初次確認後，計息借貸按攤銷成本列
賬，成本與贖回價值間之差額以實際利率
法按借貸年期於損益內確認。
(o) 借貸成本
收購、興建或製造之資產因需較長時間方
可用作擬定用途或可供出售之直接相關借
貸成本資本化為該資產成本之一部分。其
他借貸成本於產生期間列支。
在合資格資產之開支及借貸成本開始產生
時，以及將該資產投入擬定用途或出售所
需之籌備工作正在進行，即開始將借貸成
本資本化，作為合資格資產的成本之一部
分。當將合資格資產投入擬定用途或出售
所需之大部分籌備工作被中斷或完成時，
借貸成本資本化則被暫停或終止。
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