Annual Report 2019

HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 102 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） 財務資產 （續） 財務資產減值（續） (iii) 信貸減值財務資產 財務資產在一項或以上事件（對該財務資 產估計未來現金流量構成不利影響）出現 時發生信貸減值。財務資產信貸減值的 證據包括有關下列事件的可觀察數據： (a) 發行人或借款人的重大財困； (b) 違反合約（如違約或逾期事件）； (c) 借款人的貸款人因有關借款人財困 的經濟或合約理由而向借款人批出 一般貸款人不會考慮的讓步； (d) 借款人將可能陷入破產或其他財務 重組。 (iv) 撇銷政策 當資料顯示交易夥伴處於嚴重財困及無 實際收回可能時（例如交易夥伴被清盤或 已進入破產程序時），本集團則撇銷財務 資產。經考慮法律意見後（倘合適），遭撇 銷的財務資產可能仍須按本集團收回程 序進行強制執行方式。撇銷構成取消確 認事項。任何其後收回在損益中確認。 3. SIGNIFICANT ACCOUNTING POLICIES (Continued) Financial instruments (Continued) Financial assets (Continued) Impairment of financial assets (Continued) (iii) Credit-impaired financial assets A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit impaired includes observable data about the following events: (a) significant financial difficulty of the issuer or the borrower; (b) a breach of contract, such as a default or past due event; (c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; (d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation. (iv) Write-off policy The Group writes off a financial asset when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. A write-off constitutes a derecognition event. Any subsequent recoveries are recognised in profit or loss.