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） Annual Report 2018 年度報告 49 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (c) Changes in accounting policies (continued) (ii) HKFRS 15, Revenue from contracts with customers (continued) Further details of the nature and effect of the changes on previous accounting policies are set out below: (A) Timing of revenue recognition Previously, revenue arising from provision of services was recognised over time, whereas revenue from sale of goods was generally recognised at a point in time when the risks and rewards of ownership of the goods had passed to the customers. Under HKFRS 15, revenue is recognised when the customer obtains control of the service in the contract. This may be at a single point in time or over time. HKFRS 15 identifies the following three situations in which control of the promised good or service is regarded as being transferred over time: A. When the customer simultaneously receives and consumes the benefits provided by the entity’s performance, as the entity performs; B. When the entity’s performance creates or enhances an asset (for example work in progress) that the customer controls as the asset is created or enhanced; C. When the entity’s performance does not create an asset with an alternative use to the entity and the entity has an enforceable right to payment for performance completed to date. If the contract terms and the entity’s activities do not fall into any of these 3 situations, then under HKFRS 15 the entity recognises revenue for the sale of that good or service at a single point in time, being when control has passed. Transfer of risks and rewards of ownership is only one of the indicators that is considered in determining when the transfer of control occurs. The adoption of HKFRS 15 does not have a significant impact on the Company’s financial statements. 2. 主要會計政策 （ 續 ） (c) 會計政策的修訂 （ 續 ） (ii) 《 香港財務報告準則 》第 15 號－「 與客戶訂約 收入 」（ 續 ） 會計政策修訂的性質和影響詳情載列如下： (A) 收入確認時間 此前，提供服務產生的收入在提供服務期間內確 認，而銷售貨物產生的收入則一般在貨物所有權 上的風險和回報轉移至客戶的時點確認。 根據《 香港財務報告準則 》第 15 號，收入於客戶 獲得合約服務的控製權時確認。收入確認可能在 某一個時間點或者是一段時間內確認。《 香港財 務報告準則 》第 15 號確定了以下對承諾貨物或服 務的控製被視為在一段時間內轉移的三種情況： A. 當實體履約時，客戶同時接收及使用由實 體履約所提供的利益時； B. 當實體的履約行為創造或改良了一項於資 產被創造或改良時由客戶控製的資產（ 如 在建工程 ）時；及 C. 當實體的履約並無創造對實體而言具替代 用途的資產，且該實體有就迄今完成的履 約部份獲得客戶付款的可執行權利時。 倘合約條款及實體活動並不屬於該三項情況中任 何一項，則根據《 香港財務報告準則 》第 15 號， 實體於某一指定時間點（ 即控製權轉移時 ）就銷 售貨物或服務確認收益。所有權風險及回報的轉 移僅為於釐定控製權轉移發生時將考慮的其中一 項指標。採用《 香港財務報告準則 》第 15 號不會 對本公司財務報表造成重大影響。