149 / 159
Annual Report 2016
二零一六年年報
147
Notes to the Financial Statements
財務報表附註
32 Possible impact of amendments, new standards
and interpretations issued but not yet effective
for the annual accounting period ended 31
December 2016 (continued)
HKFRS 9, Financial instruments
HKFRS 9 will replace the current standard on accounting for financial
instruments, HKAS 39,
Financial instruments: Recognition and
measurement
. HKFRS 9 introduces new requirements for classification
and measurement of financial assets, calculation of impairment of
financial assets and hedge accounting. On the other hand, HKFRS 9
incorporates without substantive changes the requirements of HKAS
39 for recognition and derecognition of financial instruments and
the classification of financial liabilities. Expected impacts of the new
requirements on the Group’s financial statements are as follows:
(a) Classification and measurement
HKFRS 9 contains three principal classification categories for
financial assets: measured at (1) amortised cost, (2) fair value
through profit or loss (“FVTPL”) and (3) fair value through other
comprehensive income (“FVTOCI”). The classification for debt
instruments is determined based on the entity’s business model
for managing the financial assets and the contractual cash flow
characteristics of the asset. If a debt instrument is classified as
FVTOCI then effective interest, impairments and gains/losses on
disposal will be recognised in profit or loss in the same way as for a
financial asset at amortised cost.
After assessing its business model for the corporate bonds held
by the Group, the Group considered the past practice has been
(and the Group’s intention remains) to hold the corporate bonds in
a business model with a flexible investment policy that may result
in holding a bond to collect its contractual cash flows as well as in
selling a bond (“hold to collect and sell”). Consequently, the Group
assessed that the appropriate business model for corporate bonds
is held to collect and sell. The corporate bonds, which are currently
classified as available-for-sale, would be classified as held to collect
and sell from the date of initial application of HKFRS 9. Subject to
whether the corporate bonds that the Group will hold at the time
of adopting HKFRS 9 (or purchase thereafter) will have cash flows
that represent solely payments of principal and interest (the “SPPI
test”) those corporate bonds would be classified as FVTOCI. Based
on the Group’s preliminary assessment and by applying judgement
on fulfilment of the SPPI test, the Group expects that its corporate
bonds currently measured at available-for-sale will be classified as
FVTOCI upon the adoption of HKFRS 9.
32
截至二零一六年十二月三十一日
止年度會計期間已頒佈但尚未生
效的修訂、新準則及詮釋可能產
生的影響（續）
《香港財務報告準則》第
9
號，金融工具
《香港財務報告準則》第
9
號將取代有關金融工具會計
處理方法的現有準則《香港會計準則》第
39
號，
金融工
具：確認及計量
。《香港財務報告準則》第
9
號引入分類
及計量金融資產、計算金融資產減值及對沖會計處理
的新規定。另一方面，《香港財務報告準則》第
9
號納入
（並無實質性更改）《香港會計準則》第
39
號有關確認及
終止確認金融工具及金融負債分類的規定。本集團財
務報表方面的新規定的預期影響如下：
(a)
分類及計量
《香港財務報告準則》第
9
號包括金融資產的三個
主要分類類別：
(1)
按攤銷成本、
(2)
透過損益按公
允價值
(
「
FVTPL
」
)
及
(3)
透過其他全面收益按公允
價值
(
「
FVTOCI
」
)
計量。債務工具的分類根據實體
管理金融資產的業務模式以及資產的合約現金流
量特徵而釐定。倘若債務工具分類為
FVTOCI
，實
際利息、減值及出售收益╱虧損將以按攤銷成本
列賬的財務資產的相同方式在損益中確認。
評估本集團所持公司債券的業務模式後，本集團
認為，過往慣例一直（而本集團的意向依舊）將公
司債券在一個靈活投資政策的商業模式中管理，
其可能導致持有債券以收取合同現金流及出售債
券（「持作收購及出售」）。因此，本集團已評估公
司債券的適當商業模式為持作收購及出售。自首
次應用《香港財務報告準則》第
9
號之日起，目前
被分類為可供出售的公司債券將被分類為持作收
購及出售。取決於本集團於採納《香港財務報告
準則》第
9
號時將持有（或其後購買）的公司債券會
否具有僅代表本金及利息支付的現金流量（「
SPPI
測試」），該等公司債券將被分類為
FVTOCI
。根據
本集團的初步評估及對實施
SPPI
測試的判斷，本
集團預期目前於採納《香港財務報告準則》第
9
號
後，其以可供出售金額計量的公司債券將被分類
為
FVTOCI
。