Annual Report 2013/14

Hong Kong Cyberport Management Company Limited

Annual Report 2013/14

148

2 Significant accounting policies

(continued)

Notes to the Financial Statements

財務報表附註

(d) Investments in securities

(continued)

(i) Held-to-maturity investments

Held-to-maturity investments are non-derivative financial

assets with fixed or determinable payments and fixed

maturities that the Company’s management has the

positive intention and ability to hold to maturity. They are

included in non-current assets, except for those with

maturities less than 12 months from the balance sheet

date, which are classified as current assets.

Held-to-maturity investments are stated in the balance

sheet at cost plus/less any discount/premium amortised to

date. The discount or premium is amortised over the

period to maturity and included as interest income/

expense in the statement of comprehensive income.

Provision is made when there is a diminution in value other

than temporary.

The carrying amounts of individual held-to-maturity

investments or holdings of the same investments are

reviewed at the balance sheet date in order to assess the

credit risk and whether the carrying amounts are expected

to be recovered. Provisions are made when carrying

amounts are not expected to be recovered and are

recognised in the statement of comprehensive income as

expense immediately.

(ii) Investments at fair value through profit or loss

Investments in securities managed by external fund

managers are designated at fair value as they are

managed, evaluated and reported internally on a fair value

basis.

Investments in securities at fair value through profit or loss

are initially stated at fair value, which is their transaction

price unless it is determined that the fair value at initial

recognition differs from the transaction price and that fair

value is evidenced by a quoted price in an active market

for an identical asset or liability or based on a valuation

technique that uses only data from observable markets.

Any attributable transaction costs are recognised in the

statement of comprehensive income as incurred. At the

balance sheet date the fair value is remeasured, with any

resultant gain or loss being recognised in the statement of

comprehensive income. The net gain or loss recognised in

the statement of comprehensive income does not include

any interest earned on these investments as these are

recognised in accordance with the policies set out in note

2(n)(vii).

主要會計政策

（續）

(d)

證券投資

（續）

(i)

持有至到期日投資

持有至到期日投資為非衍生金融資產，有

固定或可釐定之付款及固定到期日，以及

本公司管理層具有積極意向和能力持有至

到期日為止。除了那些到期日離結算日不

足

個月的投資被分類為流動資產外，

其餘持有至到期日投資均被分類為非流動

資產。

持有至到期日投資按成本加╱減任何截至

結算日已攤銷之折讓╱溢價於資產負債表

列賬。有關折讓或溢價將以截至到期日止

的期間攤銷，並於全面收益表內列作利息

收入╱開支。當出現並非暫時性的減值時

將會作出撥備。

個別持有至到期日投資或所持的同類投資

的賬面值均於每個結算日檢討，以評估信

貸風險及能否收回賬面值。當賬面值預期

未能收回時將作出撥備，並即時於全面收

益表內列作開支。

(ii)

按公允價值計入損益之投資

由外聘基金經理管理之證券投資，在內部

按公允價值管理、評估及匯報，因此指定

以公允價值列賬。

按公允價值計入損益之證券投資初步按公

允價值列賬，即該等投資的交易價格，除

非初步確認時的公允價值有別於交易價

格，且公允價值乃以相同資產或負債於活

躍市場的報價，或以只採用來自可觀察市

場數據之估值方法為依據。任何應計交易

成本均於產生時在全面收益表確認。公允

價值於結算日重新計量，所產生之收益或

虧損於全面收益表中確認。於全面收益表

確認之淨收益或虧損並不包括就該等投資

所賺取之任何利息，因有關利息乃根據附

註

2(n)(vii)

所載之政策確認。