Annual Report 2021

HOP FUNG GROUP HOLDINGS LIMITED • Annual Report 2021 82 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 2. APPLICATION OF AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSS”) (Continued) New and amendments to HKFRSs in issue but not yet effective (Continued) Amendments to HKAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Continued) The Group is still in the process of assessing the full impact of the application of the amendments. The cumulative effect of initially applying the amendments will be recognised as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the beginning of the earliest comparative period presented. 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES 3.1 Basis of preparation of consolidated financial statements The consolidated financial statements have been prepared in accordance with HKFRSs issued by the HKICPA. For the purpose of preparation of the consolidated financial statements, information is considered material if such information is reasonably expected to influence decisions made by primary users. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on the Stock Exchange and by the Hong Kong Companies Ordinance. The directors of the Company have, at the time of approving the consolidated financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the consolidated financial statements. 2. 應用經修訂香港財務報告準 則（「香港財務報告準則」） （續） 已頒佈但尚未生效之新訂及經修 訂香港財務報告準則 （續） 香港會計準則第 12 號之修訂本 「與單一交易產生的資產及負債 相關的遞延稅項」 （續） 本集團仍在評估應用該等修訂本的全面 影響。初步應用該等修訂本之累計影響 將確認為對所呈列最早比較期間之期初 保留利潤（或其他權益項目，如適用）之 期初結餘之調整。 3. 綜合財務報表編製基準及主 要會計政策 3.1 綜合財務報表編製基準 綜合財務報表已根據由香港會計 師公會頒佈之香港財務報告準則 而編製。就編製綜合財務資料而 言，倘有關資料可合理預期將會 影響主要使用者之決定，則該等 資料被視為重要。此外，綜合財 務報表載列聯交所證券上市規則 及香港公司條例規定之適用披露。 於批准綜合財務報表時，本公司 董事合理預期本集團有足夠資源 於可預見未來繼續經營。因此， 彼等在編製綜合財務報表時繼續 採用持續經營會計基準。