Annual Report 2021

HOP FUNG GROUP HOLDINGS LIMITED • Annual Report 2021 68 INDEPENDENT AUDITOR’S REPORT (CONTINUED) 獨立核數師報告（續） 關鍵審核事項 根據本核數師行的專業判斷，關鍵審核事項 為本行於本期間對審核綜合財務報表中最重 要的事項。本核數師行在審核綜合財務報表 及就此達致意見時處理此事項，而不會就此 事項單獨發表意見。 KEY AUDIT MATTER Key audit matter is the matter that, in our professional judgment, was of most significance in our audit of the consolidated financial statements of the current period. The matter was addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on the matter. Key audit matter 關鍵審核事項 Impairment assessment on property, plant and equipment relating to the containerboard segment 與箱板紙分部有關的物業、廠房及設備之減 值評估 We identified the impairment assessment of property, plant and equipment relating to the containerboard segment as a key audit matter due to its financial significance to the consolidated financial statements and the involvement of significant judgements and assumptions in estimating the recoverable amount of the cash-generating unit to which property, plant and equipment belong to. As disclosed in notes 4 and 14 to the consolidated financial statements, due to the temporary suspension of production relating to the containerboard segment, and its unfavourable financial performance during the current year, the management considered that there are impairment indicators of the related property, plant and equipment existed as at 31st December, 2021. Accordingly, the management assessed the impairment of the property, plant and equipment relating to the containerboard segment at 31st December, 2021 by preparing a value-in-use calculation to determine the recoverable amount of the cash-generating unit to which the property, plant and equipment belong to. The value-in-use is the present value of the future cash flows the Group expected to arise from the cash generating unit, which is dependent on key assumptions, including (i) discount rate; (ii) the success of obtaining the approval from the relevant government bureau for the renewal of licences after completion of the change to gas-fuel boilers in order to resume the production relating to the containerboard segment; (iii) the expected sales volume of the containerboard segment after resumption of production; (iv) budgeted gross margin; and (v) growth rate. These key assumptions are with higher uncertainties and considerably more subjective management judgement and estimates involved. The carrying amounts of property, plant and equipment relating to the containerboard segment for which the management have performed impairment assessment as at 31st December, 2021 are HK$913,296,000, after the impairment loss of HK$420,634,000 that have been recognised in profit or loss during the current year, as disclosed in note 14 to the consolidated financial statements. 本核數師行就與箱板紙分部有關的物業、廠 房及設備之減值評估確定為關鍵審核事項， 乃由於其對綜合財務報表的財務重要性及在 估計物業、廠房及設備所屬現金產生單位的 可收回金額時涉及重大判斷及假設。 誠如綜合財務報表附註 4 及 14 所披露，由於本 年度箱板紙分部相關之生產暫時停產及其財 務表現不佳，管理層認為，相關物業、廠房 及設備於二零二一年十二月三十一日存在減 值跡象。因此，管理層通過使用價值計算釐 定物業、廠房及設備所屬現金產生單位的可 收回金額，從而評估箱板紙分部的物業、廠 房及設備於二零二一年十二月三十一日存在 減值。使用價值乃 貴集團估計現金產生單位 預期將產生的未來現金流量的現值，當中須 視乎關鍵假設，包括 (i) 貼現率； (ii) 完成改用燃 氣鍋爐後成功取得相關政府當局批准重續牌 照以使箱板紙分部恢復生產； (iii) 箱板紙分部 於恢復生產後的預期銷量； (iv) 預算毛利率； 及 (v) 增長率。該等關鍵假設具有較高的不確 定性，涉及較多主觀管理層判斷及估計。 箱板紙分部的物業、廠房及設備經扣除於本 年度之損益確認之減值虧損 420,634,000 港元 後，於二零二一年十二月三十一日的賬面值 為 913,296,000 港元，管理層已對其作出減值 評估，乃於綜合財務報表附註 14 內披露。