Annual Report 2019

HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 86 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） 此外，就財務報告而言，公平值計量根據公平 值計量的輸入數據的可觀察程度及公平值計量 的輸入數據對其整體的重要性分類為第一級、 第二級或第三級，詳情如下： • 第一級輸入數據是實體於計量日可以取 得的相同資產或負債於活躍市場之報價 （未經調整）； • 第二級輸入數據是資產或負債的直接或 間接地可觀察之輸入數據（第一級內包括 的報價除外）；及 • 第三級輸入數據是資產或負債的不可觀 察輸入數據。 主要會計政策載列於下文。 綜合基準 綜合財務報表包括本公司及受本公司及其附屬 公司控制之實體之財務報表。當本公司符合以 下要素時，則本公司取得控制權： • 對被投資方具有權力； • 因參與被投資方業務而承擔可變回報之 風險或享有可變回報之權利；及 • 可對被投資方使用權力以影響其回報。 倘事實及情況顯示上文所示三項控制權因素其 中一項或多項有變，則本集團會重估是否仍然 控制被投資方。 附屬公司之綜合入賬於本集團取得有關附屬公 司之控制權起開始，並於本集團失去有關附屬 公司之控制權時終止。具體而言，年內所收購 或出售附屬公司之收入及開支乃自本集團取得 控制權之日期起計入綜合損益及其他全面收益 表，直至本集團不再控制有關附屬公司之日期 為止。 3. SIGNIFICANT ACCOUNTING POLICIES (Continued) In addition, for financial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date; • Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and • Level 3 inputs are unobservable inputs for the asset or liability. The principal accounting policies are set out below. Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: • has power over the investee; • is exposed, or has rights, to variable returns from its involvement with the investee; and • has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group losses control of the subsidiary. Specifically, income and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Group gains control until the date when the Group ceases to control the subsidiary.