Annual Report 2021

HOP FUNG GROUP HOLDINGS LIMITED • Annual Report 2021 86 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） 租賃 租賃的定義 倘合約為換取代價而給予在一段 時間內控制可識別資產使用的權 利，則該合約為租賃或包含租賃。 就於首次應用香港財務報告準則 第 16 號日期或之後訂立或修訂或 來自業務合併之合約而言，本集 團於開始日期、修訂日期或收購 日期（如適用）按香港財務報告準 則第 16 號項下之定義評估合約是 否為租賃或包含租賃。除非合約 之條款及條件其後變動，否則有 關合約將不予重新評估。 本集團作為承租人 將代價分配至合約的各組成部分 就包含租賃組成部分以及一項或 多項額外租賃或非租賃組成部分 的合約（包括收購一項包含租賃土 地及非租賃樓宇部分的物業所有 權的合約）而言，本集團根據租賃 組成部分的相對獨立價格及非租 賃組成部分的合計獨立價格基準 將合約代價分配至各項租賃組成 部分，惟無法可靠地作出相關分 配則除外。 非租賃組成部分獨立於租賃組成 部分，並應用其他合適準則入賬。 短期租賃 對於租期自開始日期起計為 12 個 月或以內且並無包含購買選擇權 的租賃，本集團應用短期租賃確 認豁免。短期租賃的租賃付款按 直線基準或另一系統化基準於租 期內確認為開支。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) 3.2 Significant accounting policies (Continued) Leases Definition of a lease A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. For contracts entered into or modified or after the date of initial application of HKFRS 16 or arising from business combinations, the Group assesses whether a contract is or contains a lease based on the definition under HKFRS 16 at inception, modification date or acquisition date, as appropriate. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently changed. The Group as a lessee Allocation of consideration to components of a contract For a contract that contains a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components, including contract for acquisition of ownership interests of a property which includes both leasehold land and non-lease building components, unless such allocation cannot be made reliably. Non-lease components are separated from lease component and are accounted for by applying other applicable standards. Short-term leases The Group applies the short-term lease recognition exemption to leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. Lease payments on short-term leases are recognised as expense on a straight-line basis or another systematic basis over the lease term.