Hong Kong Housing Society Annual Report 2014
110
Notes to the Financial Statements
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3 Significant accounting policies
(continued)
(a) 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.
(b) Changes in accounting policies
The HKICPA has issued a number of new HKFRSs and
amendments to HKFRSs that are first effective for the current
accounting period of the Housing Society. Of these, the following
development is relevant to the Housing Society’s financial
statements:
HKFRS 13,
Fair value measurement
HKFRS 13 replaces existing guidance in individual HKFRSs with a
single source of fair value measurement guidance. HKFRS 13 also
contains extensive disclosure requirements about fair value
measurements for both financial instruments and non-financial
instruments. To the extent that the requirements are applicable to
the Housing Society, the Housing Society has provided those
disclosures in notes 5(d) and 11(a). The adoption of HKFRS 13
does not have any material impact on the fair value measurements
of the Housing Society’s assets and liabilities.
Up to the date of issue of these financial statements, the HKICPA
has issued a few amendments and new standards which are not
yet effective for the year ended 31 March 2014 and which have
not been adopted in these financial statements. These include the
following which may be relevant to the Housing Society.
3
主要會計政策
（續）
(a)
財務報表的編製基準
（續）
管理層會不時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
和未來期間內確認。
(b)
會計政策變動
香港會計師公會頒布了多項新訂及
經修訂的《香港財務報告準則》。這
些準則於房屋協會的本會計期間首
次生效。當中與房屋協會財務報表
相關的修訂如下：
《香港財務報告準則》第十三號
—
「公允價值計量」
《香港財務報告準則》第十三號以單
一公允價值計量指引取代目前個別
《香港財務報告準則》的有關指引。
《香港財務報告準則》第十三號也就
金融工具和非金融工具的公允價值
計量制訂全面的披露規定。因應適
用於房屋協會的披露要求，房屋協
會已在附註五
( d )
及十一
( a )
中作出
有關披露。採納《香港財務報告準
則》第十三號不會對房屋協會資產
和負債的公允價值計量構成任何重
大影響。
截至本財務報表刊發日，香港會計
師公會已頒布數項在截至二零一四
年三月三十一日止年度尚未生效，
亦沒有在本財務報表採用的修訂和
新準則。這些準則變化包括下列可
能與房屋協會有關的項目。
