Annual Report 2021

合豐集團控股有限公司 • 二零二一年年報 85 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） 來自客戶合約的收益 當（或於）滿足履約責任時，本集 團確認收益，即於特定履約責任 的相關貨品或服務的「控制權」轉 讓予客戶時確認。 履約責任指不同的貨品及服務（或 一組貨品或服務）或一系列不同的 貨品及大致相同的服務。 控制權隨時間轉移，而倘滿足以 下其中一項條件，則收益乃參照 完全滿足相關履約責任的進展情 況而隨時間確認： • 隨本集團履約，客戶同時取 得並耗用本集團履約所提供 的利益； • 本集團之履約創建或強化一 項資產，該資產於創建或強 化之時即由客戶控制；或 • 本集團的履約並未產生對本 集團有替代用途的資產，且 本集團對迄今已完成履約之 款項具有可執行之權利。 否則，收益於客戶獲得不同貨品 或服務控制權的時間點確認，即 貨品交予客戶之時間點。於貨品 已付運至客戶指定地點，則屬已 交付。 本集團之收益於某一時間點確認。 根據香港財務報告準則第 15 號「 來 自客戶合約的收益 」（「香港財務報 告準則第 15 號」）下的控制權轉移 方法，來自製造及向本集團客戶 銷售箱板紙及瓦楞包裝之收益於 貨品轉予客戶時確認，即當客戶 有能力管理貨品的使用並獲得該 貨品的絕大部分剩餘利益的某個 時間點。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) 3.2 Significant accounting policies (Continued) Revenue from contracts with customers The Group recognises revenue when (or as) a performance obligation is satisfied, i.e. when “control” of the goods or services underlying the particular performance obligation is transferred to the customer. A performance obligation represents a good or service (or a bundle of goods or services) that is distinct or a series of distinct goods or services that are substantially the same. Control is transferred over time and revenue is recognised over time by reference to the progress towards complete satisfaction of the relevant performance obligation if one of the following criteria is met: • the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs; • the Group’s performance creates or enhances an asset that the customer controls as the Group performs; or • the Group’s performance does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date. Otherwise, revenue is recognised at a point in time when the customer obtains control of the distinct good or service, being at the point the goods are delivered to the customer. Delivery occurs when the goods have been shipped to the customer’s specific location. The revenue of the Group is recognised at a point in time. Under the transfer-of-control approach in HKFRS 15 Revenue from Contracts with Customers (“HKFRS 15”), revenue from manufacturing and sales of containerboard and corrugated packaging products to the Group’s customers are recognised when the goods are passed to the customers, which is the point of time when the customer has the ability to direct the use of the goods and obtain substantially all of the remaining benefits of the goods.