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Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
104
Notes to the Financial Statements
財務報表附註
2 Ac c oun t i ng e s t ima t e s and j udg emen t s
(continued)
Investments in associates
The Group reviews internal and external sources of information at the
end of each reporting period to identify indications that the Group’s
interest in Guangdong Nanfang Haian Science & Technology Service
Company Limited (“Nanfang”), an associate of the Group
(Note 16)
, may
be impaired or an impairment loss previously recognised no longer exists
or may have decreased. The Group estimates the interest in Nanfang’s
recoverable amount when any such indication exists. The recoverable
amount of the interest in Nanfang, or of the cash-generating unit to
which it belongs, is the greater of its net selling price and value in use.
In assessing whether there is any impairment in the carrying value of the
Group’s interest in Nanfang, management may take into consideration
the projected volume and activity level, future growth rate, and cash flows
of the underlying business of Nanfang, discounted to present value at the
risk-adjusted discount rate. These projections are based on assumptions
that take into consideration management’s knowledge of Nanfang’s
business environment and their judgement on future performance and
underlying risks. There is inherent uncertainty in the estimation process
and the underlying assumptions relating to the future, and accordingly
actual performance may differ significantly from the projection.
Investments in available-for-sale debt securities
An investment in available-for-sale debt security is considered impaired
if there is objective evidence of impairment as a result of one or more
occurred loss events that have an impact on the estimated future cash
flows of the investments in available-for-sale debt securities. The Group
determines that there is objective evidence of impairment of an available-
for-sale debt security, if at the reporting date, there has been a significant
or prolonged decline in the fair value of an available-for-sale security or
any loss events set out in
Note 1(k)(i)
.
The evaluation of whether an available-for-sale debt security is impaired
requires analysis of the credit standing of a particular issuer and involves
management judgement. When assessing impairment of available-for-
sale debt securities, the Group places emphasis on issuer specific factors,
such as significant financial difficulty, default or delinquency on interest
or principal payments. A credit rating downgrade, worsened liquidity or
decline in fair value below the amortised cost is not by itself considered a
loss event, but rather incorporated in the impairment analysis along with
other available information. Particular attention will be on those individual
available-for-sale debt securities for which there was a cumulative fair
value loss at each reporting date.
2
會計估計及判斷（續）
於聯營公司的投資
本集團於每個報告期末審閱內部及外界所得資料，以
確定本集團所持聯營公司廣東南方海岸科技服務有限
公司（「南方」）權益
（附註
16
）
是否出現減值或先前已確
認的減值虧損不再存在或已經減少的跡象。倘出現有
關情況，本集團會估計所持南方權益的可收回金額。
所持南方的可收回金額（或所歸屬的現金產生單位）為
售價淨值與使用價值之較高者。於評估本集團於南方
的權益賬面值有否出現減值時，管理層亦考慮到南方
相關業務的預測活動量及水平、未來增長率以及現金
流量，並已按風險調整貼現率貼現至現值。有關預測
乃基於若干假設而作出，有關假設乃根據管理層對南
方的業務環境的認識以及其對日後表現與相關風險的
判斷而作出。由於估計的過程及有關未來的相關假設
存在固有的不確定性，因此實際表現與所預測者或會
出現重大差別。
於可供出售債務證券的投資
如果由於一項或多項已發生的虧損事件對可供出售債
務證券投資的預計未來現金流量有影響，即有客觀證
據表明可供出售債務證券的投資產生減值。本集團認
為，如果在報告日，可供出售債務證券的公允價值發
生顯著或持續下降，或於
附註
1(k)(i)
載列的任何損失事
件發生，即有客觀證據表明可供出售債務證券產生減
值。
對可供出售債務證券是否減值的評估需要分析特定發
行人的信用狀況，並涉及管理層的判斷。在評估可供
出售債務證券的減值時，本集團強調發行人的具體因
素，如重大財務困難、逾期或拖欠利息或本金。信用
評級下降、流動性惡化或公允價值下降而低於攤餘成
本本身不被視為虧損事件，而是與其他可用資料一起
納入減值分析。特別注意在每個報告日期有累計公允
價值虧損的可供出售債務證券。