Annual Report 2019

172 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2019 FOR THE YEAR ENDED 31 DECEMBER 2019 截至二零一九年十二月三十一日止年度 Notes to the Consolidated Financial Statements 綜合財務報表附註 3. SIGNIFICANT ACCOUNTING POLICIES (Continued) Financial instruments (Continued) Financial assets (Continued) Impairment of financial assets (Continued) (iii) Credit-impaired financial assets A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events: (a) significant financial difficulty of the issuer or the borrower; (b) a breach of contract, such as a default or past due event; (c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; (d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation; or (e) the disappearance of an active market for that financial asset because of financial difficulties. (iv) Write-off policy The Group writes off a financial asset when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. A write-off constitutes a derecognition event. Any subsequent recoveries are recognised in profit or loss. 3. 重要會計政策（續） 金融工具（續） 金融資產（續） 金融資產減值（續） (iii) 信貸減值的金融資產 當一件或多件對一項金融資產估計未 來現金流量產生不利影響的事件發生 時，該金融資產則出現信貸減值。有 關金融資產出現信貸減值的證據包括 有關以下事項的可觀察數據： (a) 發行人或借款人出現重大財政困 難； (b) 不履行債務或逾期支付等違約行 為； (c) 借款人的貸款人因有關借款人財務 困難的經濟或合約原因，給予借款 人在一般情況下不會考慮的優惠安 排； (d) 借款人可能破產或面臨財務重組； 或 (e) 該金融資產的活躍市場因財務困難 而消失。 (iv) 撇銷政策 倘有資料顯示交易對手處於嚴重財務 困難及無實際期望可收回欠款，本集 團則撇銷該金融資產（例如於交易對手 被清盤或進入破產程序時）。金融資產 撇銷仍受限於本集團收回欠款程序下 的執行活動，且在適當情況下將參考 法律意見。撇銷構成一項終止確認事 項，任何其後收回的欠款於損益內確 認。