Page 164 - Hang Lung Properties 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(c) Subsidiaries and non-controlling interests (Continued)
When the Group loses control of a subsidiary, it is accounted for as a
disposal of the entire interest in that subsidiary, with a resulting gain
or loss being recognized in profit or loss. Any interest retained in that
former subsidiary at the date when control is lost is recognized at fair
value and this amount is regarded as the fair value on initial recognition
of a financial asset or, when appropriate, the cost on initial recognition
of an investment in an associate or jointly controlled entity.
In the Company’s statement of financial position, investments in
subsidiaries are stated at cost less impairment losses (note 2(j)).
(d) Jointly controlled entities
A jointly controlled entity is an entity which operates under a contractual
arrangement between the Group or the Company and other parties,
where the contractual arrangement establishes that the Group or the
Company and one or more of the other parties share joint control over
the economic activity of the entity.
The Group’s interests in jointly controlled entities are accounted for in
the consolidated financial statements under the equity method and are
initially recorded at cost and adjusted thereafter for the post-acquisition
change in the Group’s share of the jointly controlled entities’ net assets.
The consolidated income statement includes the Group’s share of the
post-acquisition, post-tax results of the jointly controlled entities for
the year, whereas the Group’s share of the post-acquisition, post-tax
items of the jointly controlled entities’ other comprehensive income is
recognized in the consolidated statement of comprehensive income.
When the Group’s share of losses exceeds its interest in the jointly
controlled entity, the Group’s interest is reduced to nil and recognition
of further losses is discontinued except to the extent that the Group has
incurred legal or constructive obligations or made payments on behalf
of the jointly controlled entity. For this purpose, the Group’s interest
in the jointly controlled entity is the carrying amount of the investment
under the equity method together with the Group’s long-term interests
that in substance form part of the Group’s net investment in the jointly
controlled entity.
2 主要會計政策（續）
(c) 附屬公司及非控股權益（續）
當本集團失去一附屬公司之控制權，將按
出售該附屬公司之所有權益入賬，而所產
生的盈虧確認為損益。任何在喪失控制權
日仍保留該前度附屬公司之權益按公平值
確認，而此金額被視為初始確認為金融資
產的公平值，或（如適用）按成本初始確認
為聯營公司或合營公司投資。
在本公司之財務狀況表內，附屬公司之
投資乃按成本值減去任何減值虧損列賬
（附註 2(j)）。
(d) 合營公司
合營公司乃一間由本集團或本公司與其他
人士按一項合約性安排而經營之公司，而
在該項合約性安排下，本集團或本公司與
一名或多名其他人士對該公司之經濟活動
共同行使控制權。
本集團於合營公司之權益乃以權益法在綜
合財務報表內列賬，初步以成本入賬，其
後按本集團應佔合營公司之淨資產於收購
後之改變作出調整。綜合收益表包括本集
團應佔合營公司於收購後及除稅後之本期
業績，而本集團應佔合營公司於收購後及
除稅後之其他全面收益於綜合全面收益表
內確認。
當本集團對合營公司承擔的虧損額超過其
所佔權益時，本集團所佔權益便會減少至
零，並且不須再確認往後的虧損；但如本
集團須履行法定或推定義務，或代合營公
司作出付款則除外。就此而言，本集團在
合營公司所佔權益為按照權益法計算之投
資賬面價值，以及實質上構成本集團對合
營公司投資淨額一部份之長期權益。
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