Page 137 - Construction Industry Council - Annual Report 2016

Notes to the Financial Statements
財務報表附註
For the year ended 31 December 2016 截至2016年12月31日止年度
Key requirements of HKFRS 9 which are relevant to the Council are:
• All recognised financial assets that are within the scope of HKAS 39 Financial Instruments: Recognition and Measurement are subsequently measured at amortised cost or fair value under HKFRS 9. Specifically, debt investments that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments of principal and interest on the principal outstanding are generally measured at amortised cost at the end of subsequent accounting periods. Debt instruments that are held within a business model whose objective is achieved both by collecting contractual cash flows and selling financial assets, and that have contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured at fair value through other comprehensive income (”FVTOCI“). All other debt investments and equity investments are measured at their fair values at the end of subsequent accounting periods and their fair values changes are recognised in profit or loss. In addition, under HKFRS 9, entities may make an irrevocable election to present subsequent changes in the fair value of an equity investment (that is not held for trading) in other comprehensive income, with only dividend income generally recognised in profit or loss.
• In relation to the impairment of financial assets, HKFRS 9 requires an expected credit loss model, as opposed to an incurred credit lossmodelunderHKAS39.Theexpectedcreditlossmodelrequires an entity to account for expected credit losses and changes in those expected credit losses at each reporting date to reflect changes in credit risk since initial recognition. In other words, it is no longer necessary for a credit event to have occurred before credit losses are recognised. Financial assets measured at amortised cost under HKFRS 9 and debt instruments classified as FVTOCI will be subject to impairment provision of HKFRS 9. Generally, the impairment model of HKFRS 9 will result in earlier loss recognition than that of HKAS 39.
香港財務報告準則第9號中與本議會相關之主 要規定載述如下:
• 《香港會計準則》第39號:財務工具:確 認及計量圍內所有已確認的財務資產其 後須根據《香港財務報告準則》第9號按攤 銷成本或公允值計量 。具體而言 ，於目 的為收回合約現金流的業務模式中持有 的債務投資 ，以及合約現金流純為支付 本金及未償還本金的利息的債務投資 ， 一般按其後會計期末的攤銷成本計量 。 於目的為同時收回合約現金流及出售財 務資產的業務模式中持有的債務工具 ， 以及財務資產條款令於特定日期產生的 現金流純為支付本金及未償還本金的利 息的債務工具 ，均按透過其他全面收益 按公允值列賬的方式計量 。所有其他債 務投資及股權投資則以其後會計末期的 公允值計量。此外，根據《香港財務報 告準則》第9號 ，實體可以不可撤回地選 擇於其他全面收益內呈列股權投資(非持 作買賣)其後的公允值變動 ，而在一般情 況下 ，僅有股息收入會於損益中確認 。
• 就財務資產的減值而言 ，與《香港會計準 則》第39號項下按已產生信貸虧損模式計 算相反，《香港財務報告準則》第9號規 定按預期信貸虧損模式計算 。預期信貸 虧損模式需要實體於各報告日期將預期 信貸虧損及該等信貸虧損的預期變動入 賬 ，以反映信貸風險自初始確認以來的 變動 。換言之 ，毋須再待發生信貸事件 即可確認信貸虧損 。根據《香港財務報告 準則》第9號按攤銷成本計量的金融資產和 分類為透過其他全面收益按公平值列賬的 債務工具將按《香港財務報告準則》第9號 的要求計提減值 。一般而言 ，《香港財務 報告準則》第9號的減值模式下的虧損確認 要早於《香港會計準則》39號的減值模式 下的虧損確認 。
建造業議會 二零一六年度年報
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