Page 162 - Hang Lung Properties 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(a) Statement of compliance (Continued)
The HKICPA has issued several amendments to HKFRSs that are
first effective for the current accounting period of the Group and the
Company. These new and revised HKFRSs have no significant impact
on the financial statements of the Group for the year ended December
31, 2012 and the six months ended December 31, 2011.
The Group has not applied any new standard, amendment or
interpretation that is not yet effective for the current accounting period
(note 33).
(b) Basis of preparation of the financial statements
The consolidated financial statements comprise the Company and its
subsidiaries (collectively referred to as the “Group”) and the Group’s
interest in jointly controlled entities.
The measurement basis used in the preparation of the financial
statements is the historical cost basis except as otherwise stated in the
accounting policies set out below.
The preparation of financial statements in conformity with HKFRSs
requires management to make judgments, estimates and assumptions
that affect the application of policies and reported amounts of assets,
liabilities, income and expenses. The estimates and associated
assumptions are based on historical experience and various other
factors that are believed to be reasonable under the circumstances, the
results of which form the basis of making the judgments about carrying
values of assets and liabilities that are not readily apparent from other
sources. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing
basis. Revisions to accounting estimates are recognized in the period
in which the estimate is revised if the revision affects only that period,
or in the period of the revision and future periods if the revision affects
both current and future periods.
Judgments made by management in the application of HKFRSs that
have significant effect on the financial statements and major sources of
estimation uncertainty are discussed in note 31.
2 主要會計政策（續）
(a) 遵例聲明（續）
香港會計師公會頒佈了多項經修訂之
HKFRSs。此等準則在本集團及本公司當
前之會計期間生效。此等新訂及經修訂之
HKFRSs 對本集團截至二零一二年十二月三
十一日止年度及二零一一年十二月三十一
日止六個月財務報表並無重大影響。
本集團並無採用任何在當前會計期間尚未
生效之新準則、修訂本或詮釋（附註 33）。
(b) 財務報表編製基準
綜合財務報表包括本公司及其附屬公司（統
稱「本集團」）及本集團於合營公司之權益。
除下文所載之會計政策另有所指外，財務
報表均以歷史成本作為編製基準。
為編製符合 HKFRSs 之財務報表，管理層
須對影響政策之應用、資產負債及收支列
報作出判斷、估計及假設。有關估計及相
關之假設乃根據過往經驗，以及多項在當
時情況下相信屬合理之其他因素而作出，
有關結果構成在未能依循其他途徑即時確
切得知資產與負債賬面值時所作出判斷的
基礎。實際結果可能與此等估計或有不同。
管理層會不斷審閱各項估計和相關假設。
如果會計估計的修訂只是影響某一期間，
其影響便會在該期間內確認；如果修訂對
當前和未來期間均有影響，則在作出修訂
的期間和未來期間確認。
管理層在應用 HKFRSs 時所作出對財務報
表有重大影響的判斷及估計不確定性的主
要原因於附註 31論述。
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