Annual Report 2021

HOP FUNG GROUP HOLDINGS LIMITED • Annual Report 2021 78 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2021 截至二零二一年十二月三十一日止年度 1. 一般資料 本公司根據開曼群島法例第 22 章公司法 （一九六一年第 3 條法例，經綜合及修訂） 於開曼群島註冊成立為獲豁免有限公 司，其股份於香港聯合交易所有限公司 （「聯交所」）上市。本公司之註冊辦事處 之地址載於本年報公司資料部份。 綜合財務報表均以港元（「港元」）呈列， 港元為本公司之功能貨幣。 本公司為投資控股公司，其主要附屬公 司之主要業務載於附註 33 。 2. 應用經修訂香港財務報告準 則（「香港財務報告準則」） 於本年度強制生效之經修訂香港 財務報告準則 於本年度，本公司及其附屬公司（統稱 「本集團」）已首次應用下列由香港會計 師公會（「香港會計師公會」）頒佈的經 修訂香港財務報告準則，於二零二一年 一月一日或之後開始之年度期間強制生 效，以編製綜合財務報表： 香港財務報告準則 第 16 號之修訂本 Covid-19 相關的 租金優惠 香港財務報告準則 第 9 號、香港會計 準則第 39 號、香 港財務報告準則 第 7 號、香港財務 報告準則第 4 號及 香港財務報告準 則第 16 號之修訂 本 利率基準改革－ 第二階段 此外，本集團已應用國際財務報告準則 詮釋委員會於二零二一年六月頒佈之議 程決定，闡明實體於釐定存貨可變現淨 值時應列作「進行銷售所需之估計成本」 之成本。 本年度應用經修訂香港財務報告準則對 本集團於本年度及過往年度之財務狀況 及表現及╱或載於該等綜合財務報表之 披露並無重大影響。 1. GENERAL The Company is an exempted company with limited liability incorporated in the Cayman Islands under the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands and its shares are listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The address of the registered office of the Company is disclosed under Corporate Information section of the annual report. The consolidated financial statements are presented in Hong Kong dollars (“HK$”), which is also the functional currency of the Company. The Company acts as an investment holding company. The principal activities of its principal subsidiaries are set out in note 33. 2. APPLICATION OF AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) Amendments to HKFRSs that are mandatorily effective for the current year In the current year, the Company and its subsidiaries (collectively referred to as ”the Group“) has applied the following amendments to HKFRSs issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) for the first time, which are mandatorily effective for the annual periods beginning on or after 1st January, 2021 for the preparation of the consolidated financial statements: Amendment to HKFRS 16 Covid-19-Related Rent Concessions Amendments to HKFRS 9, HKAS 39, HKFRS 7, HKFRS 4 and HKFRS 16 Interest Rate Benchmark Reform - Phase 2 In addition, the Group applied the agenda decision of the IFRS Interpretations Committee of the International Accounting Standards Board issued in June 2021 which clarified the costs an entity should include as “estimated costs necessary to make the sale” when determining the net realisable value of inventories. The application of the amendments to HKFRSs in the current year has had no material impact on the Group’s financial positions and performance for the current and prior years and/or on the disclosures set out in these consolidated financial statements.