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帳項附註

Notes on the Accounts

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主要會計政策

(a) 帳項合併標準

綜合帳項包括本公司及其附屬公司截至每年 十二月三十一日止的經審核帳項。

編製綜合帳項所產生的資本儲備或商譽,乃 分別指本集團於收購附屬公司當日佔有關附 屬公司有形資產公平淨值高於或低於所付出 代價的金額。商譽在其產生年度直接於儲備 中撤銷。

由附屬公司建造的固定資產售予集團公司所 產生的公司內部未變現利潤或虧損,已撥入 資本儲備金內或從該儲備金中扣除。

集團內各公司間重大買賣、租賃及其他費 用,俱於帳項合併時對銷。

(b) 投資物業

投資物業按每年重估的公開市值列入資產負 債表內,因重估而產生的盈餘已撥入投資物 業重估儲備,因而產生的赤字則先從過 往的重估盈餘中扣除,餘數則計入損益表 內。重估盈餘或赤字在出售有關物業時在損 益表內處理。租金收入以權責發生制列帳。

倘投資物業所餘年期長於二十年則不予折 舊,因估值時已計入每項物業估值當日的 情況。

(c) 待發展物業

用作投資的待發展物業需按成本值(包括利 息)或專業估值,扣除董事認為必須的減值 準備入帳。因重估而產生的盈餘已撥入其他 物業重估儲備,因重估而產生的赤字則先從 過往的重估盈餘中扣除,餘數則計入損益表 內。重估盈餘或赤字在出售有關物業時在損 益表內處理。此等物業在獲發入伙紙後重新 列為投資物業。

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Principal accounting policies

(a) Basis of consolidation

The consolidated accounts include the audited

accounts of the Company and of its subsidiaries made up to 31 December of each year.

Capital reserve or goodwill arising on consolidation represents the excess or deficit respectively of the Group's share of the fair value of the net tangible assets of the subsidiaries at the respective acquisition dates over the value of the consideration paid. Goodwill is written off directly to reserves in the year in which it arises.

Unrealised inter-company profits or losses arising on the sale of fixed assets, constructed by a subsidiary, to the Group, are credited or debited to capital

reserves.

All other material inter-company sales, rents and other charges are eliminated on consolidation.

(b) Investment properties

Investment properties are stated in the balance sheet at their open market value, based on annual revaluations. Surpluses arising on revaluations are credited to the investment property revaluation reserve; deficits arising on revaluations are firstly set off against any previous revaluation surpluses and thereafter taken to the profit and loss account. Revaluation surpluses or deficits are dealt with in the profit and loss account on disposal of the relevant property. Rentals receivable are accounted for on an accrual basis.

No depreciation is provided in respect of investment properties with an unexpired lease term of over 20 years since the valuation takes into account the state of each property at the date of valuation.

(c) Properties held for development

Properties held for development for investment purposes are carried at cost, including interest, or professional valuation, less such provisions considered necessary by the directors. Surpluses arising on revaluations are credited to the other property revaluation reserve; deficits arising on revaluations are firstly set off against any previous revaluation surpluses and thereafter taken to the profit and loss account. Revaluation surpluses or deficits are dealt with in the profit and loss account on disposal of the relevant property. These properties

are reclassified as investment properties on the granting of an occupation permit.

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