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2.5
Interest in an Associate (Cont'd)
Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.
Interest in a Joint Venture
A joint venture is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control, that is when the strategic financial and operating policy decisions relating to the activities require the unanimous consent of the parties sharing control.
A joint venture arrangement that involves the establishment of a separate entity in which venturers have joint control over the economic activity of the entity are referred to as a jointly controlled entity. The results and assets and liabilities of a jointly controlled entity are incorporated in the consolidated financial statements using the equity method of accounting.
Interest in a jointly controlled entity is carried in the consolidated balance sheet at cost as adjusted by post-acquisition changes in the Group's share of the net assets of the jointly controlled entity, less any impairment loss. When the share of losses of the Group in a joint venture equals or exceeds its interest in the joint venture, the group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the joint venture.
Unrealised gains on transactions between the Group and its joint venture are eliminated to the extent of the Group's interest in the joint venture. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Accounting policies of the joint venture have been changed where necessary to ensure consistency with the policies adopted by the Group.
2.4
2.5
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
於聯營公司權益(續)
本集聞與其聯營公司之間交易的末實現 收益按集團在聯營公司權益的數額對 銷。除非交易提供所轉讓資產滅值之憑 證'否則末實現虧損亦予以對銷。聯營 公司的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。
於合資企業權益
合資企業是一個合約上的安排，由集團 與其他參與者進行一項經濟活動，該項 活動由合資各方面共同控制，凡政策決 定涉及財務及營運上之策略，必須合資 各方決議一致通過。
共同控制實體是透過成立一值獨立機構 的合資企業安排，合資者均擁有共同控 制實體之經濟活動。共同控制實體之業 績、資產及負債以權益會計法列入綜合 財務報表。共同控制實體權益按成本值 列入綜合資產負債表，其後會就收購後 集團應佔共同控制實體之淨資產作出調 整，並扣除投資減值虧損入脹。如本集 團應佔合資企業之虧損等於或超過其在 該合資企業之權益，本集團不會確認進 一步虧損，除非本集團己代合資企業承 擔責任或作出付款。
本集團與其合資企業之間交易的末實現 收盤按集團在合資企業權益的數額對 銷。除非交易提供所轉讓資產減值之憑 證'否則末實現虧損亦予以對銷。合資 企業的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。
2.4
2.5
Interest in an Associate (Cont'd)
Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. Unrealised 10sses are a1so eliminated un1ess the transaction provides evidence of an impairment of the asset transferred.
Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group.
Interest in a Joint Venture
A joint venture is a contractua1 arrangement whereby the Group and other parties undertake an economic activity that is subject to joint contro1, th前 iswhen the strategic financia1 and operating policy decisions re1ating to the activities require the unanimous consent of the parties sharing control.
A joint venture arrangement that invo1ves the establishment of a separate entity in which venturers have joint contro1 over the economic activity of the entity are referred to as a jointly control1ed entity. The resu1ts and assets and liabilities of a jointly control1ed entity are incorporated in the consolidated financia1 statements using the equity method of accounting.
Interest in a joint1y controlled entity is carried in the consolidated ba1ance sheet at cost 品 adjustedby post-acquisition changes in the Group's share of the net assets of the jointly controlled enti旬， 1ess any impairment 10ss. When the share of 10sses of the Group in a joint venture equa1s or exceeds its interest in the joint venture, the group does not recognise further 10sses, un1ess it has incurred obligations or made payments on beha1f of the joint venture.
Unrealised gains on transactions between the Group and its joint venture are eliminated to the extent of the Group's interest in the joint venture. Unrealised 10sses are a1so eliminated un1ess the transaction provides evidence of an impairment of the asset transferred.
Accounting policies of the joint venture have been changed where necessary to ensure consistency with the policies adopted by the Group.
2.6
M~¥~~~ttt
NOTES TO THE FINANCIAL STATEMENTS
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2.6
Recognition of Income(a) Government subventions and grants containing a condition for refund of any unspent balance
The amounts are initially credited to the Deferred Income Account when the amounts are received or receivable. Amounts are then transferred from the Deferred Income Account in the following manner:
(i) in respect of the recurrent block grant: all grants, other than those intended for capital expenditure, received in respect of the year are transferred to the consolidated statement of comprehensive income as the conditions relating to the unspent amounts are met, unless the accumulated surpluses from block grants exceeded the maximum limit permitted by UGc. In that event, the transfer to the consolidated statement of comprehensive income will be reduced by any amount refundable to the government.
(ii) in respect of subventions and grants intended for other expenditure: amounts equivalent to the expenditure incurred during the year are transferred to the consolidated statement of comprehensive income.
(iii) in respect of subventions and grants intended for capital expenditure:
•
•
Amounts incurred in relation to capital expenditure on related property, plant and equipment as well as intangible assets are transferred to the Capital Reserves.
Subsequently, each year, an amount equivalent to the depreciation charges of the related property, plant and equipment, amortisation charges of the intangible assets and net gain or loss of disposed items are transferred from the Capital Reserves to the consolidated statement of comprehensive income.
(b) Government grants without a condition for refund of any unspent balance
Amounts are recognised as income when received or receivable. Any recognised but unspent income categorised by activity segments is transferred to the respective reserves as shown in Note 11.
2.6
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
收入確認
2.6 Recognition of Income
(a) Government subventions and grants containing a condition for refund of any unspent balance
The amounts are initially credited to the Deferred Income Account when the amounts are received or receivab1e. Amounts are then transferred from the Deferred Income Account in the following manner:
(i) in respect of the recurrent b10ck grant: all grants, other than those intended for capital expenditure, received in respect of the year are transferred to the consolidated statement of comprehensive income as the conditions re1ating to the unspent amounts are met, unless the accumu1ated surpluses from b10ck grants exceeded the maximum limit permitted by UG
c.
In that event, the transfer to the consolidated statement of comprehensive income will be reduced by any amount refundab1e to the govemment.(ii) in respect of subventions and grants intended for other expenditure: amounts equiva1ent to the expenditure incurred during the year are transferred to the consolidated statement of comprehensive income.
(iii) in respect of subventions and grants intended for capita1 expenditure:
• Amounts incurred in re1ation to capita1 expenditure on re1ated property, p1ant and equipment as well as intangib1e assets are transferred to the Capita1 Reserves.
• Subsequently, each year, an amount equiva1ent to the depreciation charges of the re1ated property, p1ant and equipment, amortisation charges of the intangib1e assets and net gain or 10ss of disposed items are transferred from the Capita1 Reserves to the consolidated statement of comprehensive income.
(b) Government grants without a condition for refund of any unspent balance
Amounts are recognised as income when received or receivab1e. Any recognised but unspent income categorised by activity segments is transferred to the respective reserves as shown in Note 11.
2.6
--~~---M!9J¥~~~1~
NOTES TO THE FINANCIAL STATEMENTS
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2.6
Recognition of Income (Cont'd)(b) Government grants without a condition for refund of any unspent balance (Cont'd)
In respect of subsequent spending of the reserves on capital expenditure:
(i) Amounts equivalent to the expenditure on property, plant and equipment or intangible assets are transferred out of the related reserves to the Capital Reserves.
(ii) Each year, an amount equivalent to the depreciation charges for the related property, plant and equipment, amortisation charges for the intangible assets and net gain or loss of disposed items, which have been charged against the consolidated statement of comprehensive income thus reducing the respective reserves, are transferred back from the Capital Reserves to the respective reserves to reflect the reduction in value of the relevant fixed assets as well as to restore the respective reserve balances to the amount available for future use.
(c) Donations
The amounts are recognised as income when received or receivable. Any recognised but unspent income is transferred to the related reserves. In respect of subsequent spending of the reserves on capital expenditure, the same accounting policies as those stated in paragraphs 2.6(b)(i) & (ii) shall apply.
Outstanding pledges are not recognised as income.
Where the University does not have the ability to enforce a pledged donation, the donation is recognised when received.
(d) Tuition fees, auxiliary services and rental income
The amounts are recognised when services are provided.
2.6
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
放入確認(續)
陶 斯-$"jf1flt緝毒背反?屁府是會崩街
有關隨後為資本支出而使用儲備:
(i) 等同物業、機器及設備或無形資 產的成本，將自有關儲備轉撥至 資本儲備。
(ii) 等同於該物業、機器及設備的折
舊費、無形資產的攤銷費及出售 物件之淨收益或虧損(己於綜合全 面收盤表內計提，並把有關儲備 減低) ，由資本儲備按年四撥至有 關儲備，以反映相關固定資產之 減值及將相關儲備結餘回值更可 供未來使用之金額。
的，拇'lt
款項在收取或應收時確認為收入。任何 已確認但未使用的收入己轉撥至相關儲 備內。有關隨後為資本支出而使用儲備
，與如附註2后(b)(i)及(ii)所述相同之會計 政策將適用。
未兌現之承諾捐款不會確認為收入。大 學未能指令執行之承諾捐款，在收到捐 款後才確認入眠。
(d) 事膏、再會動i/i!fJl?t.!l1金投λ
款項概於完成服務後確認入脹。
2.6
Recognition of Income (Cont'd)(b) Government grants without a condition for refund of any unspent balance (Cont'd)
In respect of subsequent spending of the reserves on capita1 expenditure:
(i) Amounts equiva1ent to the expenditure on property, p1ant and equipment or intangib1e assets are transferred out of the re1ated reserves to the Capita1 Reserves.
(ii) Each year, an amount equiva1ent to the depreciation charges for the related property, p1ant and equipment, amortisation charges for the intangib1e assets and net gain or 10ss of disposed items, which have been charged against the consolidated statement of comprehensive income thus reducing the respective reserves, are transferred back from the Capita1 Reserves to the respective reserves to reflect the reduction in va1ue of the re1evant fixed assets as well as to restore the respective reserve ba1ances to the amount availab1e for future use.
(c) Donations
The amounts are recognised as income when received or receivab1e. Any recognised but uIispent income is transferred to the re1ated reserves. In respect of subsequent spending of the reserves on capita1 expenditure, the same accounting policies as those stated in paragraphs 2.6(b)(i) & (ii) shall app1y.
Outstanding p1edges are not recognised as income.
Where the University does not have the ability to enforce a p1edged donation, the donation is recognised when received.
(d) Tuition fees
,
auxiliary services and rental mcomeThe amounts are recognised when services are provided.
2.6
2.7
M~¥~~~ttt
NOTES TO THE FINANCIAL STATEMENTS
(e) ifi@'l/k;{
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