FDRC 2018 Annual Report

Financial Dispute Resolution Centre 金融糾紛調解中心 44 Notes to the Financial Statements 財務報表附註 (Expressed in Hong Kong dollars) （以港幣列示） 1. PRINCIPAL ACTIVITIES The Company is a non-profit making company limited by guarantee. It independently and impartially administers the FDRS which provides mediation and arbitration services to financial institutions (which are members of FDRS) and their customers for the resolution of monetary disputes. The Company is established to promote more efficient dispute resolution for the benefit of the Hong Kong community. 2. SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance These financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (“HKFRSs”), which collective term includes all applicable individual Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards (“HKASs”) and Interpretations issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”), accounting principles generally accepted in Hong Kong and the requirements of the Hong Kong Companies Ordinance. Significant accounting policies adopted by the Company are disclosed below. The HKICPA has issued certain new and revised HKFRSs that are first effective or available for early adoption for the current accounting period of the Company. Note 2(c) provides information on any changes in accounting policies resulting from initial application of these developments to the extent that they are relevant to the Company for the current and prior accounting periods reflected in these financial statements. (b) Basis of preparation of the financial statements The measurement basis used in the preparation of the financial statements is the historical cost basis. The preparation of financial statements in conformity with HKFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. 1. 主要業務 本公司是以擔保有限公司形式成立的非牟利機 構。本公司獨立公正地管理一套調解計劃，為調 解計劃轄下的金融機構成員及其客戶提供調解及 仲裁服務，以解決他們之間的金錢爭議。本公司 的成立目的是要更有效調解爭議，從而造福香港 社群。 2. 主要會計政策 (a) 合規聲明 本財務報表是按照香港會計師公會頒佈的所有適 用的《 香港財務報告準則 》（ 此統稱包含所有適 用的個別《 香港財務報告準則 》、《 香港會計準 則 》和詮釋 ）、香港公認會計原則及香港《 公司 條例 》的規定編製。本公司採用的主要會計政策 於下文披露。 香港會計師公會頒佈若干新訂和經修訂的《 香港 財務報告準則 》。這些準則在本公司當前的會計 期間開始生效或可供提早採用。在與本公司有關 的範圍內初始應用這些新訂和經修訂的準則所引 致當前和以往會計期間的任何會計政策變動，已 於本財務報表內反映，有關資料載列於附註 2(c) 。 (b) 財務報表的編製基準 編製本財務報表時是以歷史成本作為計量基準。 管理層需在編製符合《 香港財務報告準則 》的財 務報表時作出會對會計政策的應用，以及資產、 負債、收入和支出的報告數額構成影響的判斷、 估計和假設。這些估計和相關假設是根據以往經 驗和管理層因應當時情況認為合理的多項其他因 素作出的，其結果構成了管理層在無法依循其他 途徑即時得知資產與負債的賬面值時所作出判斷 的基礎。實際結果可能有別於估計數額。