Page 170 - Hang Lung Properties 2012 Annual Report

2 PRINCIPAL ACCOUNTING POLICIES (Continued)
(j) Impairment of assets (Continued)
Impairment losses for receivables whose recovery is considered
doubtful but not remote are recorded using an allowance account.
When the Group is satisfied that recovery is remote, the amount
considered irrecoverable is written off against receivables directly
and any amounts held in the allowance account relating to that
debt are reversed. Subsequent recoveries of amounts previously
charged to the allowance account are reversed against the
allowance account. Other changes in the allowance account and
subsequent recoveries of amounts previously written off directly
are recognized in profit or loss.
– For other non-current assets, the recoverable amount is the
greater of its net selling price and value in use. In assessing value
in use, the estimated future cash flows are discounted to their
present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks
specific to the asset. An impairment loss is recognized as an
expense in profit or loss whenever the carrying amount exceeds
the recoverable amount. An impairment loss is reversed if there
has been a favorable change in the estimates used to determine
the recoverable amount. A reversal of impairment losses is limited
to the asset’s carrying amount that would have been determined
had no impairment loss been recognized in prior years. Reversals
of impairment losses are credited to profit or loss in the year in
which the reversals are recognized. An impairment loss in respect
of goodwill is not reversed.
(k) Trade and other receivables
Trade and other receivables are initially recognized at fair value and
thereafter stated at amortized cost less impairment losses for bad and
doubtful debts (note 2(j)), except where the receivables are interest-free
loans or the effect of discounting would be immaterial. In such cases,
the receivables are stated at cost less impairment losses for bad and
doubtful debts (note 2(j)).
2 主要會計政策（續）
(j) 資產減值（續）
應收款之可收回性被視為可疑，但不
是可能性極低，減值虧損會採用準備
賬來列賬。當本集團認為收回的可能
性極低時，被視為不可收回的數額便
會直接沖銷應收款，與該債務有關
而在準備賬內持有的任何數額也會撥
回。其後收回早前計入準備賬的數額
會在準備賬轉回。準備賬的其它變動
和其後收回早前直接沖銷的數額均在
損益確認。
— 就其他非流動資產，可收回金額為其
淨銷售價與使用價值兩者中較高之金
額。在評估使用價值時，預計未來現
金流量會按照能反映當時市場對貨幣
時間值和資產特定風險的評估的稅前
折現率，折現至其現值。凡賬面值高
於可收回金額，減值虧損於損益中確
認為開支。倘用作釐定可收回金額之
預計數據有任何有利變動時，減值虧
損即予撥回。所撥回的減值虧損以在
過往年度沒有確認任何減值虧損而釐
定的資產賬面金額為限。減值虧損之
撥回乃於確認撥回金額之年度計入損
益。有關商譽之減值虧損將不予撥回。
(k) 應收賬款及其他應收款
應收賬款及其他應收款初步按公平值確
認，其後按攤銷成本減去呆壞賬減值虧損
後入賬（附註 2(j) ）；但如應收款為免息貸款
或其貼現影響並不重大則除外。在此情況
下，應收款會按成本減去呆壞賬減值虧損
後入賬（附註 2(j)）。
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