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 54 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (i) Income tax The Company is exempt from Hong Kong Profits Tax by virtue of Section 88 of the Hong Kong Inland Revenue Ordinance. (j) Provisions and contingent liabilities Provisions are recognised for other liabilities of uncertain timing or amount when the Company has a legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Where the time value of money is material, provisions are stated at the present value of the expenditure expected to settle the obligation. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations, whose existence will only be confirmed by the occurrence or non- occurrence of one or more future events are also disclosed as contingent liabilities unless the probability of outflow of economic benefits is remote. (k) Revenue recognition Income is classified by the Company as revenue when it arises from the provision of services in the ordinary course of the Company’s business. Revenue is recognised when control over a product or service is transferred to the customer, at the amount of promised consideration to which the Company is expected to be entitled, excluding those amounts collected on behalf of third parties. 2. 主要會計政策 （ 續 ） (i) 所得稅 根據香港《 稅務條例 》第 88 條，本公司獲豁免繳 納香港利得稅。 (j) 準備和或有負債 如果本公司須就已發生的事件承擔法定或推定義 務，因而預期會導致含有經濟效益的資源外流， 在可以作出可靠的估計時，本公司便會就該時間 或數額不確定的其他負債計提準備。如果貨幣時 間值重大，則按預計所需支出的現值計提準備。 如果含有經濟效益的資源外流的可能性較低，或 是無法對有關數額作出可靠的估計，便會將該義 務披露為或有負債，但資源外流的可能性極低則 除外。如果本公司的義務須視乎某宗或多宗未來 事件是否發生才能確定是否存在，亦會披露為或 有負債，但資源外流的可能性極低則除外。 (k) 收入確認 本公司將日常經營活動中提供服務產生的收益分 類為收入。 本公司在相關商品或服務的控製以本公司預計有 權獲得的對價金額（ 不包括代第三方收取的金 額 ）轉移給客戶的時點確認收入。