Page 168 - Hang Lung Properties 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(g) Other fixed assets (Continued)
2. Leased assets (Continued)
(ii) Assets acquired under finance leases
Where the Group acquires the use of assets under finance leases, the
amounts representing the fair value of the leased asset, or, if lower, the
present value of the minimum lease payments, of such assets are included
in fixed assets and the corresponding liabilities, net of finance charges,
are recorded as obligations under finance leases. Depreciation is provided
at rates which write off the cost or valuation of the assets over the term
of the relevant lease or, where it is likely the Company or the Group will
obtain ownership of the asset, the life of the asset, as set out in note 2(h).
Finance charges implicit in the lease payments are charged to profit or loss
over the period of the leases so as to produce an approximately constant
periodic rate of charge on the remaining balance of the obligations for each
accounting period. Contingent rentals are written off as an expense of the
accounting period in which they are incurred.
(iii) Operating leases charges
Where the Group has the use of assets held under operating leases,
payments made under the leases are charged to profit or loss in equal
instalments over the accounting periods covered by the lease term,
except where an alternative basis is more representative of the pattern of
benefits to be derived from the leased asset. Lease incentives received
are recognized in profit or loss as an integral part of the aggregate net
lease payments made. Contingent rentals are charged to profit or loss
in the accounting period in which they are incurred.
(h) Depreciation
1. Investment properties
No depreciation is provided for investment properties and investment
properties under development.
2. Other fixed assets
Depreciation on other fixed assets is calculated to write off the cost,
less their estimated residual value, if any, on a straight line basis over
their estimated useful lives as follows:
Buildings 50 years or unexpired lease term,
whichever is shorter
Furniture and equipment 4-20 years
Motor vehicles 5 years
2 主要會計政策（續）
(g) 其他固定資產（續）
2. 租賃資產（續）
(ii) 根據融資租約購入之資產
如本集團根據融資租約購入資產之使用
權，則所租賃資產之公平值或有關資產之
最少應付租金之現值兩者之較低者計入固
定資產，而相應之負債在扣除融資費用
後，列作融資租約承擔入賬。折舊是在相
關之租約期內或資產之可使用年期（如本公
司或本集團可能取得資產之擁有權）內撇銷
資產成本或估值之比率計提；有關之資產
可使用年期載列於附註2(h)。包含在租金內
之融資費用於租約期內在損益內扣除，使
每個會計期間之融資費用佔承擔餘額的比
率大致相同。或然租金在其產生之會計期
間作為開支撇銷。
(iii) 營業租約費用
如果本集團是以營業租約獲得資產之使用
權，則根據租約作出之付款在租約期內所
涵蓋之會計期間內，以等額在損益中列
支；但如有其他基準能更清楚地反映租賃
資產所產生之收益模式則除外。所獲之租
金優惠在損益中確認為淨租金總額之不可
分割組成部份。或然租金在其產生之會計
期間內在損益列支。
(h) 折舊
1. 投資物業
投資物業及發展中投資物業毋須計提折舊
撥備。
2. 其他固定資產
其他固定資產之折舊乃將成本值減其估計
剩餘價值（如有），按下列預計可使用年期
以直線法撇銷：
樓宇 五十年或地契尚餘年期
（取較短者）
傢俬及設備 四至二十年
車輛 五年
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