Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 FOR THE YEAR ENDED 31 DECEMBER 2019 截至二零一九年十二月三十一日止年度 134 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 1 一般資料 首長寶佳集團有限公司（「本公司」）主要 業務為投資控股。本公司及其附屬公司 （統稱「本集團」）主要從事製造鋼簾線業 務。 本公司乃於香港成立之有限公司，其註 冊辦事處地址為香港柴灣新業街 6 號安力 工業中心 12 樓 1215 室。 本公司股份於香港聯合交易所有限公司 （「聯交所」）主板上市。 除另有說明外，本綜合財務報告以港幣 千元（「港幣千元」）呈列。 2 重大會計政策概要 編製此等綜合財務報表時採用之主要會 計政策載列如下。除另有所指外，該等政 策於呈報之所有年度貫徹採用。 2.1 編製基準 本公司之綜合財務報表乃根據所有 適用之香港財務報告準則（「香港財 務報告準則」）及香港公司條例（第 622 章）而編製。此等綜合財務報表 按歷史成本常規法編製，惟按公平 值計量之租賃土地及樓宇、投資物 業及按公平值計入損益之金融負債 除外。 為符合香港財務報告準則，編製綜 合財務報表時須作出若干重要之會 計估計，管理層亦須在應用本集團 會計政策之過程中作出判斷。 1 GENERAL INFORMATION Shougang Concord Century Holdings Limited (the “Company”) is an investment holding company and together with its subsidiaries (collectively referred to as the “Group”) are principally engaged in the manufacturing of steel cords. The Company i s a l imi t ed l i ab i l i t y company incorporated in Hong Kong. The address of its registered office is Room 1215, 12/F., Honour Industrial Centre, 6 Sun Yip Street, Chai Wan, Hong Kong. The Company’s shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The consolidated financial statements are presented in thousands of Hong Kong dollars (HK$’000), unless otherwise stated. 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies applied in the preparation of these consolidated financial statements a re se t ou t be l ow. These po l i c i es have been consistently applied to all the years presented, unless otherwise stated. 2.1 Basis of preparation The consolidated financial statements of the Company have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (“HKFRSs”) and requirements of the Hong Kong Companies Ordinance Cap. 622. The consolidated financial statements have been prepared under the historical cost convention, excep t f o r l easeho l d l and and bu i l d i ngs , investment properties and financial liability at fair value through profit or loss, which are measured at fair values. The prepa r a t i on o f conso l i da t ed f i nanc i a l statements in conformity with HKFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies.