Annual Report 2019

HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 94 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） 物業、廠房及設備 物業、廠房及設備（包括作生產或行政用途而 持有之租賃土地及樓宇，下文所述之在建工程 除外）按成本減其後之累計折舊以及其後累計 減值虧損（如有）於綜合財務狀況表呈列。 當本集團就於物業的擁有權權益（包括租賃土 地及樓宇成分）付款時，全部代價於租賃土地 及樓宇成分之間按初始確認時的相對公平值的 比例分配。 倘相關付款分配能可靠計量時，租賃土地的權 益入賬為經營租賃，並於綜合財務狀況表「使 用權資產」（應用香港財務報告準則第 16 號後）或 「土地使用權預付租賃款項」（應用香港財務報 告準則第 16 號前）呈列。當代價無法在相關租 賃土地的非租賃樓宇成分及未分割權益之間 可靠分配時，整項物業分類為物業、廠房及設 備。 確認物業、廠房及設備項目（在建工程除外）之 折舊乃根據其估計可使用年期，於計及其估計 殘值後，以直線法攤銷其成本。估計可使用年 期、殘值及折舊方法乃於各報告期末檢討，任 何估計變動之影響按預先計提之基準列賬。 在建工程包括就生產或自用目的之在建物業、 廠房及設備。在建工程按成本減任何已確認之 減值虧損入賬。在建工程於其完成及可作擬定 用途時分類為合適之物業、廠房及設備類別。 此等資產之折舊乃按其他物業資產之相同基 準，於可作擬定用途開始時計算。 3. SIGNIFICANT ACCOUNTING POLICIES (Continued) Property, plant and equipment Property, plant and equipment including leasehold land and buildings held for use in the production or for administrative purposes, other than construction in progress as described below, are stated in the consolidated statement of financial position at cost less subsequent accumulated depreciation and subsequent accumulated impairment losses, if any. When the Group makes payments for ownership interests of properties which includes both leasehold land and building elements, the entire consideration is allocated between the leasehold land and the building elements in proportion to the relative fair values at initial recognition. To the extent the allocation of the relevant payments can be made reliably, interest in leasehold land that is accounted for as an operating lease is presented as “right- of-use assets” (upon application of HKFRS 16) or “prepaid lease payments on land use rights” (before application of HKFRS 16) in the consolidated statement of financial position. When the consideration cannot be allocated reliably between non-lease building element and undivided interest in the underlying leasehold land, the entire properties are classified as property, plant and equipment. Depreciation is recognised so as to write off the cost of items of property, plant and equipment, other than construction in progress, over their estimated useful lives and after taking into account of their estimated residual value, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Construction in progress includes property, plant and equipment in the course of construction for production or for its own use purposes. Construction in progress is carried at cost less any recognised impairment loss. Construction in progress is classified to the appropriate category of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use.