Annual Report 2021

合豐集團控股有限公司 • 二零二一年年報 103 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 （續） 不論上述評估之結果如何， 本集團認為，當合約付款逾 期超過三十天，則自初始確 認以來信貸風險已顯著增 加，除非本集團有合理且可 支持之資料另作證明。 儘管如此，如果債務工具於 報告日被認為具低信貸風 險，則本集團可假設該債務 工具之信貸風險自初始確認 後未有顯著增加。債務工具 被認為具低信貸風險假若 i) 其違約風險較低； ii) 借款人 在短期內絕對有能力履行其 合約現金流量之責任，以及 iii) 長遠之經濟和商業條件不 利變化，不一定會降低借款 人履行合約現金流責任之 能力。當根據全球理解之定 義，其內部或外部之信用評 級被評為投資級別，本集團 認為債務工具之信貸風險較 低。 本集團定期監控用以識別信 貸風險有否顯著增加的標準 之效益，且修訂標準（如適 當）來確保標準能在金額逾 期前識別信貸風險顯著增加。 (ii) 違約定義 本集團認為當財務資產逾期 超過 90 日已發生違約，除非 本集團有合理及且可支持之 資料來顯示更加滯後的違約 標準更為恰當。 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 (Continued) Irrespective of the outcome of the above assessment, the Group presumes that the credit risk has increased significantly since initial recognition when contractual payments are more than 30 days past due, unless the Group has reasonable and supportable information that demonstrates otherwise. Despite the aforegoing, the Group assumes that the credit risk on a debt instrument has not increased significantly since initial recognition if the debt instrument is determined to have low credit risk at the reporting date. A debt instrument is determined to have low credit risk if i) it has a low risk of default, ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and iii) adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group considers a debt instrument to have low credit risk when it has an internal or external credit rating of ‘investment grade’ as per globally understood definitions. The Group regularly monitors the effectiveness of the criteria used to identify whether there has been a significant increase in credit risk and revises them as appropriate to ensure that the criteria are capable of identifying significant increase in credit risk before the amount becomes past due. (ii) Definition of default The Group considers that default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate.