Annual Report 2021

HOP FUNG GROUP HOLDINGS LIMITED • Annual Report 2021 102 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 綜合財務報表附註（續） FOR THE YEAR ENDED 31ST DECEMBER, 2021 截至二零二一年十二月三十一日止年度 3. 綜合財務報表編製基準及主 要會計政策 （續） 3.2 主要會計政策 （續） 金融工具 （續） 財務資產 （續） 須根據香港財務報告準則第 9 號進 行減值評估 （續） (i) 信貸風險顯著增加 於評估自初始確認後信貸風 險是否顯著增加時，本集團 將於報告日期金融工具發生 之違約風險與初始確認日起 金融工具發生之違約風險進 行比較。在進行該評估時， 本集團會考慮合理且可支持 的定量和定性資料，包括過 往經驗及無需付出不必要的 成本或費力而可得之前瞻性 資料。 具體而言，在評估信貸風險 是否顯著增加時，會考慮以 下資料： • 金融工具的外部（如有） 或內部信用評級的實 際或預期顯著惡化； • 外部市場信貸風險指 標的顯著惡化，如信貸 利差大幅增加，債務人 的信用違約掉期價格 顯著增加； • 預計會導致債務人償 還債務能力大幅下降 的業務、財務或經濟狀 況的現有或預測的不 利變化； • 債務人經營業績的實 際或預期顯著惡化； • 監管、經濟或技術環境 出現實際或預期的重 大不利變動，導致債務 人履行債務責任的能 力大幅下降。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) 3.2 Significant accounting policies (Continued) Financial instruments (Continued) Financial assets (Continued) Impairment of financial assets subject to impairment assessment under HKFRS 9 (Continued) (i) Significant increase in credit risk In assessing whether the credit risk has increased significantly since initial recognition, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition. In making this assessment, the Group considers both quantitative and qualitative information that is reasonable and supportable, including historical experience and forward-looking information that is available without undue cost or effort. In particular, the following information is taken into account when assessing whether credit risk has increased significantly: • an actual or expected significant deterioration in the financial instrument’s external (if available) or internal credit rating; • significant deterioration in external market indicators of credit risk, e.g. a significant increase in the credit spread, the credit default swap prices for the debtor; • existing or forecast adverse changes in business, financial or economic conditions that are expected to cause a significant decrease in the debtor’s ability to meet its debt obligations; • an actual or expected significant deterioration in the operating results of the debtor; • an actual or expected significant adverse change in the regulatory, economic, or technological environment of the debtor that results in a significant decrease in the debtor’s ability to meet its debt obligations.