1995 — Page 30

帳項附註 Notes on the Accounts

HKF

1 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帳項。所有公司間 重大交易及結餘均在帳項合併時對銷。

編製綜合帳項所產生的商譽,是指本集團 於收購附屬公司當日成本高於應佔有關附 屬公司可分的淨資產公平淨值,商譽在其 產生年度直接於儲備中撇銷。本集團應佔 收購附屬公司可分的淨資產公平淨值高於 在這些公司的投資成本記入資本儲備項 內。

1

Principal accounting policies

(a) Basis of consolidation

(b)

收入確認

(b)

(i) 小輪業務及相關服務

有關小輪業務的收入是在提供相關的小 輪服務時確認。

ii)銷售貨物

收入是在貨物交予客戶時確認,亦即是 指客戶已接收了貨物及貨物擁有權相關 風險和回報的時間。

iii)租金收入

物業租金是以應計制按相關租賃期平均 確認。

(iv)旅遊業務

來自旅遊業務的收入是在旅遊行程結束 日或在提供有關服務時確認。

(c)

投資物業

投資物業按合格估價師每年重估的公開市 值列入資產負債表內,因重估而產生的盈 餘撥入投資物業重估儲備,因重估而產生 的虧損則先從過往的重估盈餘中扣除,餘 數則計入損益表內。過往撥入投資物業重 估儲備的相關盈餘或虧損部份,在出售有 關物業時於損益表內處理。

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於估值當日 的情況。

(c)

The consolidated accounts include the accounts of the Company and of its subsidiaries made up to 31 December each year. All material inter-company transactions and balances are eliminated on consolidation.

Goodwill arising on consolidation, representing the excess of the cost over the Group's share of the fair value of the separable net assets of the subsidiaries at the respective acquisition dates, is written off directly to capital reserves in the year in which it arises. The excess of the Group's share of the fair value of the separable net assets of subsidiaries acquired over the cost of investments in these companies is credited to capital reserves.

Revenue recognition

i) Ferry operations and related services

Revenue relating to the ferry operations is recognised when the relevant ferry services are provided.

ii) Sale of goods

Revenue is recognised when goods are delivered to customers. This is taken to be the point in time when the customers have accepted the goods and the related risks and rewards of ownership.

iii) Rental income

Rental in respect of properties is recognised on an

accrual basis evenly over the periods of the respective tenancies.

iv) Travel business

Revenue arising from the travel business is recognised on the completion date of the tours or when the relevant services are provided.

Investment properties

Investment properties are stated in the balance sheet at their open market value which is assessed annually by qualified valuers. 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. The related portion of surpluses or deficits previously taken to the investment

property revaluation reserve is dealt with in the profit and loss account on disposal.

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.

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