Hong Kong Housing Society Annual Report 2014
112
Notes to the Financial Statements
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3 Significant accounting policies
(continued)
(c) Revenue recognition
(continued)
Rental income receivable under operating leases is recognised in
the statement of comprehensive income in equal instalments over
the accounting periods covered by the lease term, except where an
alternative basis is more representative of the pattern of benefits to
be derived from the use of the leased asset. Lease incentives
granted are recognised as an integral part of the aggregate net
lease payments receivable. Contingent rentals are recognised as
income in the accounting period in which they are earned.
Management fee income is recognised when services
are rendered.
Interest income is recognised as it accrues using the effective
interest method.
Dividend income from unlisted investments is recognised when the
shareholder’s right to receive payment is established. Dividend
income from listed investments is recognised when the share price
of the investment goes ex-dividend.
(d) Investment properties
Investment properties are carried at cost less subsequent
accumulated depreciation and impairment losses.
No depreciation is provided for investment properties under
development until such asset is ready for its intended use.
Depreciation on completed properties is provided to write off the
cost of the properties over the estimated useful lives, using the
straight-line method at the following rates per annum:
Leasehold land Over the unexpired period of the land lease
Buildings
Over the estimated economic useful lives of
40 to 60 years or the unexpired period of
the land lease, whichever is the shorter
3
主要會計政策
（續）
(c)
收入確認
（續）
經營租賃的應收租金收入在租賃期
所涵蓋的會計期間內，以等額在全
面收支表確認；但如有其他基準能
更清楚地反映租賃資產所產生的收
益模式則除外。經營租賃協議所涉
及的激勵措施均確認為應收租賃淨
付款總額的組成部份。或然租金在
其產生的會計期間內確認為收入。
管理費收入於服務提供時確認入
賬。
利息收入按實際利率法以應計準則
予以確認。
非上市投資的股息收入在股東收取
款項的權利獲確立時予以確認。上
市投資的股息收入在投資項目的股
價除息時確認。
(d)
投資物業
投資物業乃按原值減去其後累計折
舊及減值損失列出。
除發展中的投資物業已達到可作其
預計用途外，這些物業是不提折
舊。竣工物業折舊乃將物業的價值
以直線方法按其估計可使用年期，
依照下列折舊年率撇除：
批租土地 地契所剩餘年期
樓宇 按 估 計 可 使 用 年 期
（即四十至六十年）
或該樓宇的地契所
剩餘年期二者的較
短者
