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 45 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (b) Basis of preparation of the financial statements (continued) The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. (c) Changes in accounting policies The HKICPA has issued several amendments to HKFRSs that are first effective for the current accounting period of the Company. Of these, the following developments are relevant to the Company’s financial statements: (i) HKFRS 9, Financial instruments (ii) HKFRS 15, Revenue from contracts with customers The Company has not applied any new standard or interpretation that is not yet effective for the current accounting period. (i) HKFRS 9, Financial instruments HKFRS 9 replaces HKAS 39, Financial instruments: recognition and measurement. It sets out the requirements for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. The Company has applied HKFRS 9 retrospectively to items that existed at 1 January 2018 in accordance with the transition requirements. The Company has recognised the cumulative effect of initial application as an adjustment to the opening equity at 1 January 2018. Therefore, comparative information continues to be reported under HKAS 39. The Company has assessed that the impact of transition to HKFRS 9 have not had a material effect on retained earnings and reserves and the related tax impact at 1 January 2018. 2. 主要會計政策 （ 續 ） (b) 財務報表的編製基準 （ 續 ） 管理層會不斷審閱各項估計和相關假設。如果會 計估計的修訂只是影響某一期間，其影響便會在 該期間內確認；如果修訂對當前和未來期間均有 影響，則在作出修訂的期間和未來期間確認。 (c) 會計政策的修訂 香港會計師公會頒布了若干經修訂的《 香港財務 報告準則 》，這些修訂於本公司的本會計期間首 次生效。這些準則變化包括下列與本公司財務報 表編製相關的項目： (i) 《 香港財務報告準則 》第 9 號－ 「 金融工 具 」 (ii) 《 香港財務報告準則 》第 15 號－ 「 與客戶 訂約收入 」 除同時採用對《 香港財務報告準則 》第 9 號的修 訂「 含有反向補償的提前償付特徵 」與《 香港財 務報告準則 》第 9 號外，本公司並無採用任何在 本會計期間尚未生效的其他新準則或詮釋。 (i) 《 香港財務報告準則 》第 9 號－「 金融工具 」 《 香港財務報告準則 》第 9 號取代《 香港會計準 則 》第 39 號「 金融工具：確認和計量 」。該準則 闡明金融資產、金融負債及某些非金融項目買賣 合約的確認與計量要求。 本公司已根據過渡要求對二零一八年一月一日前 存在的項目追溯應用《 香港財務報告準則 》第 9 號。本公司將首次採用的累積影響確認為對二零 一八年一月一日期初餘額的調整。因此，比較信 息仍將按照《 香港會計準則 》第 39 號進行報告。 經本公司評估，過渡至《 香港財務報告準則 》第 9 號對於二零一八年一月一日的留存溢利和儲備 以及相關稅項並無構成重大影響。