Interim Report 2021

Hop Fung Group Holdings Limited Interim Report 2021 14 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued) For the six months ended 30th June, 2021 簡明綜合財務報表附註 （續） 截至二零二一年六月三十日止六個月 3. PRINCIPAL ACCOUNTING POLICIES (continued) Application of amendments to Hong Kong Financial Reporting Standards (“HKFRSs”) (continued) Impacts and accounting policies on application of Amendments to HKFRS 9, HKAS 39, HKFRS 7, HKFRS 4 and HKFRS 16 “Interest Rate Benchmark Reform – Phase 2” Financial instruments Changes in the basis for determining the contractual cash flows as a result of interest rate benchmark reform For changes in the basis for determining the contractual cash flows of a financial asset or financial liability to which the amortised cost measurement applies as a result of interest rate benchmark reform, the Group applies the practical expedient to account for these changes by updating the effective interest rate, such change in effective interest rate normally has no significant effect on the carrying amount of the relevant financial asset or financial liability. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if and only if, both these conditions are met: • the change is necessary as a direct consequence of interest rate benchmark reform; and • the new basis for determining the contractual cash flows is economically equivalent to the previous basis (i.e. the basis immediately preceding the change). 3. 主要會計政策 （續） 應用經修訂香港財務報告準則 （「香港財務報告準則」） （續） 應用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 號修訂本「利率基準改革－第二階 段」之影響及會計政策 金融工具 利率基準改革導致釐定合同現金 流量之基準變更 對於採用攤銷成本計量的財務資 產或財務負債，其合同現金流釐 定基準因利率基準改革發生的變 動，本集團採用實務權宜方法， 通過更新實際利率就有關變更進 行會計處理，實際利率的有關變 更一般對相關財務資產或財務負 債的賬面價值並無重大影響。 當且僅當符合以下兩項條件時， 利率基準改革要求對釐定合同現 金流量的基準作出變更： • 該變更為利率基準改革直接 導致之必要變更；及 • 釐定合同現金流量的新基準 在經濟上等同於先前的基準 （即緊接變更前的基準）。