Page 169 - Hang Lung Properties 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(i) Held-to-maturity investments
Held-to-maturity investments are non-derivative financial assets with
fixed or determinable payments and fixed maturity which the Group’s
management has the positive intention and ability to hold to maturity.
Held-to-maturity investments are initially recognized in the statement of
financial position at fair value plus transaction costs and subsequently
carried at amortized cost using the effective interest method, less any
identified impairment loss. Any impairment loss is recognized in profit or
loss when there is objective evidence that the asset is impaired (note 2(j)).
Investments are recognized/derecognized on the date the Group
commits to purchase/sell the investments or they expire.
(j) Impairment of assets
An assessment is carried out at the end of each reporting period to
determine whether there is objective evidence that a current or non-current
asset, other than properties carried at revalued amounts, is impaired.
If any such indication exists, any impairment loss is determined and
recognized as follows:
– For current receivables carried at amortized cost, the impairment
loss is recognized when there is objective evidence of impairment
and measured as the difference between the asset’s carrying
amount and the present value of estimated future cash flows,
discounted at the financial asset’s original effective rate where the
effect of discounting is material. Objective evidence of impairment
includes observable data that comes to the attention of the Group
about events that have an impact on the asset’s estimated future
cash flows such as significant financial difficulty of the debtor. If in
a subsequent period the amount of impairment loss decreases,
the impairment loss is reversed through profit or loss. A reversal
of an impairment loss is limited to the asset’s carrying amount
that would have been determined had no impairment loss been
recognized in prior years.
2 主要會計政策（續）
(i) 持至到期日投資
持至到期日投資項目乃非衍生金融資產，
具固定或可釐定之付款及固定到期日，以
及本集團管理層具有積極意向及能力持至
到期日為止。持至到期日投資項目按公平
值加交易成本初始確認，其後按實際利率
法以攤銷成本並減去任何可識別減值撥備
入賬。當有客觀證據證明資產已減值時，
減值撥備經確認並計入損益（附註2(j)）。
在本集團承諾購買／出售投資或投資到期當
日確認／終止確認有關的投資。
(j) 資產減值
本集團於每個結算日均對流動或非流動資
產（以重估值列賬之物業除外）進行評估，
決定是否有任何客觀證據顯示減值跡象。
如有任何此類證據存在，減值虧損則會按
以下方式釐定及確認：
— 就以攤銷成本列賬之流動應收款而
言，當貼現之影響重大時，減值虧損
按客觀減值證據確認及以資產之賬面
值與以金融資產初始實際利率貼現之
預計未來現金流量現值之間之差額計
量。減值之客觀證據包括本集團所注
意到有關對資產之預計未來現金流量
有影響之事件（例如債務人之重大財
政困難）之可觀察數據。倘減值虧損
在其後期間減少，則減值虧損會於損
益撥回。減值虧損之撥回不應使資產
之賬面值超過其在以往年度並無確認
任何減值虧損而釐定之數額。
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