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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 amendments to HKFRSs
that are first effective for the current accounting period of the
Housing Society. These developments have had no material
impact on these financial statements. The Housing Society has
not applied any new standard or Interpretation that is not yet
effective for the current accounting period.
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 2016
and which have not been adopted in these financial
statements. These include the following which may be
relevant to the Housing Society:
Effective for
accounting periods
beginning on or after
Amendments to HKAS 1,
Disclosure initiative
1 January 2016
Annual improvements to
HKFRSs 2012-2014 cycle
1 January 2016
Amendments to HKAS 16 and HKAS 38,
Clarification of acceptable methods
of depreciation and amortisation
1 January 2016
3
主要會計政策
（續）
(a)
財務報表的擬備基準
（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
香港會計師公會已頒布《香港財務
報告準則》之若干修訂於房屋協會
的本會計期間首次生效。該等變動
對房屋協會財務報表並無重大影
響。房屋協會並無應用任何於本會
計期間尚未生效之新準則或詮釋。
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二零一六
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：
在以下日期或
之後開始的
會計期間生效
《香港會計準則》第
1
號（經修訂）
—
「披露的自主性」
二零一六年
一月一日
《香港財務報告
準則》的年度改進
（二零一二至
二零一四年周期）
二零一六年
一月一日
《香港會計準則》
第十六號和第
三十八號修訂 —
「對可採用的折
舊和攤銷方法的
澄清」
二零一六年
一月一日
Hong Kong Housing Society Annual Report 2016
116
Notes to the Financial Statements
財務報表附註
FINANCIAL STATEMENTS
財務報表