Annual Report 2019

HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 98 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2019 截至二零一九年十二月三十一日止年度 3. 主要會計政策 （續） 金融工具 （續） 實際利率法為計算財務資產或財務負債的攤銷 成本以及分配相關期間的利息收入及利息開支 之方法。實際利率乃於初步確認時按財務資產 或財務負債的預期可使用年期或適用的較短期 間內確切貼現估計未來現金收入及款項（包括 構成實際利率不可或缺部分的所有已付或已收 費用及點數、交易成本及其他溢價或貼現）至 賬面淨值的利率。 財務資產 財務資產的分類及期後計量 當財務資產滿足以下條件，則其後按攤銷成本 計量： • 以收取合約現金流量為目的之經營模式 下持有之財務資產；及 • 合約條款於指定日期產生之現金流量純 粹為支付本金及未償還本金之利息。 利息收入就其後按攤銷成本計量的財務資產乃 使用實際利息法予以確認。利息收入乃對一項 財務資產賬面總值應用實際利率予以計算，惟 其後出現信貸減值的財務資產除外（見下文）。 就其後出現信貸減值的財務資產而言，自下一 報告期起，利息收入乃對財務資產攤銷成本應 用實際利率予以確認。倘信貸減值金融工具的 信貸風險好轉，使財務資產不再出現信貸減 值，於釐定資產不再出現信貸減值後，自報告 期開始起利息收入乃對財務資產賬面總值應用 實際利率予以確認。 3. SIGNIFICANT ACCOUNTING POLICIES (Continued) Financial instruments (Continued) The effective interest method is a method of calculating the amortised cost of a financial asset or financial liabilities and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset or financial liabilities, or, where appropriate, a shorter period to the net carrying amount on initial recognition. Financial assets Classification and subsequent measurement of financial assets Financial assets that meet the following conditions are subsequently measured at amortised cost: • the financial asset is held within a business model whose objective is to collect contractual cash flows; and • the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest income is recognised using the effective interest method for financial assets measured subsequently at amortised cost. Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset, except for financial assets that have subsequently become credit-impaired (see below). For financial assets that have subsequently become credit- impaired, interest income is recognised by applying the effective interest rate to the amortised cost of the financial asset from the next reporting period. If the credit risk on the credit impaired financial instrument improves so that the financial asset is no longer credit-impaired, interest income is recognised by applying the effective interest rate to the gross carrying amount of the financial asset from the beginning of the reporting period following the determination that the asset is no longer credit-impaired.