FDRC 2018 Annual Report

Notes to the Financial Statements 財務報表附註 (Expressed in Hong Kong dollars) （以港幣列示） Financial Dispute Resolution Centre 金融糾紛調解中心 46 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (c) Changes in accounting policies (continued) (i) HKFRS 9, Financial instruments (continued) Further details of the nature and effect of the changes to previous accounting policies and the transition approach are set out below: A. Classification of financial assets and financial liabilities HKFRS 9 categories financial assets into three principal classification categories: measured at amortised cost, at fair value through other comprehensive income (“FVOCI”) and at fair value through profit or loss (“FVPL”). These supersede HKAS 39’s categories of held-to-maturity investments, loans and receivables, available-for- sale financial assets and financial assets measured at FVPL. The classification of financial assets under HKFRS 9 is based on the business model under which the financial asset is managed and its contractual cash flow characteristics. The measurement categories for all financial assets and liabilities remain the same. The carrying amounts for all financial liabilities at 1 January 2018 have not been impacted by the initial application of HKFRS 9. The Company did not designate or de-designate any financial asset or financial liability at FVPL at 1 January 2018. B. Credit losses HKFRS 9 replaces the “incurred loss” model in HKAS 39 with the “expected credit loss” (“ECL”) model. The ECL model requires an ongoing measurement of credit risk associated with a financial asset and therefore recognises ECLs earlier than under the “incurred loss” accounting model in HKAS 39. The Company applies the new ECL model to financial assets measured at amortised cost (including cash and cash equivalents, time deposits and deposits, prepayments and other receivables. No loss allowance was recognised at 31 December 2017 under HKAS 39. The Company has assessed that no additional credit loss to be recognised at 1 January 2018 on financial assets measured at amortised cost. Accordingly, no loss allowance was recognised at 1 January 2018 under HKFRS 9. 2. 主要會計政策 （ 續 ） (c) 會計政策的修訂 （ 續 ） (i) 《 香港財務報告準則 》第 9 號－「 金融工具 」 （ 續 ） 會計政策修訂的性質和影響詳情及過渡方案載列 如下： A. 金融資產和金融負債的分類 《 香港財務報告準則 》第 9 號將金融資產主要分 為以下三類： (1) 按攤銷成本計量； (2) 以公平價值 於其他全面收益計量；及 (3) 以公平價值於損益計 量。該等分類將取代《 香港會計準則 》第 39 號 的持有至到期投資、貸款及應收款、可供出售金 融資產及以公平價值於損益計量的金融資產的分 類。該分類是基於金融資產的合約現金流量特點 以及公司用以管理金融資產的業務模式。 金融資產和負債的計量類別保持不變。於二零 一八年一月一日的所有金融負債的賬面金額尚未 受到初始應用《 香港財務報告準則 》第 9 號影響。 本公司於二零一八年一月一日未指定或終止指定 金融資產或金融負債為以公平價值於損益計量。 B. 信用損失 《 香港財務報告準則 》第 9 號以「 預期信用損失 」 模式取代《 香港會計準則 》第 39 號項下的「 已產 生虧損 」模式。預期信用損失模式要求持續計量 與金融資產有關的信用風險，因此，較《 香港會 計準則 》第 39 號的「 已產生虧損 」模式提早確認 預期信用損失。 本公司將新的「 預期信用損失 」模型運用於按 攤銷成本計量的金融資產（ 包括現金和現金等價 物、定期存款和存款、預付款及其他應收款 ）。 根據《 香港會計準則 》第 39 號，本公司於二零 一七年十二月三十一日確認損失準備為零。經評 估，本公司無須於二零一八年一月一日就按攤銷 成本計量的金融資產確認額外的信用損失。因 此，根據《 香港財務報告準則 》第 9 號，本公司 於二零一八年一月一日並無確認損失準備。