Annual Report 2014/15

Hong Kong Cyberport Management Company Limited

Annual Report 2014/15

106

Notes to the Financial Statements

財務報表附註

Page 106

4 Critical accounting estimates and

judgements

(continued)

(a) Impairment of non-financial assets

The Company performs review for impairment of non-

financial assets whenever events or changes in

circumstances indicate that the carrying amount of the

assets may not be recoverable.

The Company reviews certain indicators of potential

impairment of these assets such as reported sales and

purchase prices, market demand and general market

conditions. The Company considers “Buildings held for

rental”, “Hotel building” and “Building services and

support facilities” as a portfolio of assets and identifies

the cash-generating unit to which the portfolio of assets

belongs by referring to the valuation performed by

i ndependent ex terna l va l uers , a f ter tak i ng i nto

consideration the net income allowing for reversionary

potential. The assumptions adopted in the property

valuation are based on the market conditions existing at

the end of the reporting period, with reference to current

market sales prices and the appropriate capitalisation

rate.

Based on the Company’s best estimates, no provision for

impairment loss on the non-financial assets is necessary.

(b) Investments in securities

The Company follows the guidance of HKAS 39 on initial

classification of non-derivative financial assets with fixed

or determinable payments and fixed maturity as held-to-

maturity if the Company has the intention and ability to

hold such investments to maturity; or at fair value through

profit or loss if the investments are managed by external

fund manager and their performance is evaluated on a fair

value basis, and information about the investments is

provided internally on that basis to the Company’s key

management.

For held-to-maturity investments, the Company evaluates

its intention and ability to hold such investments to

maturity. If the Company fails to keep these investments

to maturity other than for specific circumstances — for

example, selling an insignificant amount close to maturity

— it will be required to reclassify the entire class as

available-for-sale. The investments would, therefore, be

measured at fair value not at amortised cost.

關鍵會計估計及判斷

（續）

(a)

非金融資產之減值

每當出現顯示資產之賬面值未能收回之情

況或情形變化時，本公司就會對非金融資

產之減值進行審視。

本公司會檢討該等資產某些潛在之減值跡

象，如報告之買賣價格、市場需求及一般

市場狀況。本公司將「持作出租樓宇」、「酒

店樓宇」及「樓宇服務及支援設施」視為一

個資產組合，並經計及復歸潛力後參考外

聘估值師之估值，確定該資產組合所屬之

現金產生單位。物業估值所採用之假設以

報告期末之市況為依據，並參考當時之市

場成交價及資本化比率。

根據本公司之最佳估計，毋須對於非金融

資產減值損失作出撥備。

(b)

證券投資

本公司按照《香港會計準則》第

號之指

引，將有固定或可預計付款並有固定到期

日之非衍生金融資產初步分類為持有至到

期日（倘本公司有意向及能力持有該等投

資至到期日）或按公允價值計入損益（倘該

等投資由外聘基金經理管理而其表現按公

允價值基準評估，而有關該等投資之資料

乃按此基準向本公司之主要管理人員作內

部報告）。

就持有至到期日投資，本公司評估其是否

有意向及能力持有該等投資至到期日。倘

除特定情況（例如於臨近到期日出售少量

投資）外，本公司無法保持該等投資至到

期日，則整個類別須重新分類為可供出

售。因此，該等投資將按公允價值而非攤

銷成本計量。