物業管理業監管局周年報告2023-24

行政總裁報告 Chief Executive Officer’s Report 年度概覽 Highlights of the Year 主席的話 Chairperson’s Message 118 物業管理業監管局 2023-24 周年報告 財務報表 Financial Statements 2. Material accounting policies (continued) (i) Accounts and other receivables, and contract assets and contract liabilities (continued) A contract asset is recognized when the PMSA recognizes revenue before being unconditional ly entitled to the consideration under the payment terms set out in the contract. Contract assets are assessed for expected credit losses in accordance with the pol icy set out in note 2(e) above and are reclassified as receivables when the right to the considerat ion has become uncondi t ional . A contract liability is recognized when the customer pays consideration, or has an unconditional right to consideration (in such case, a corresponding r ece i vab l e i s r ecogn i zed ) , be f o r e t he PMSA recognizes the related revenue. (j) Cash and cash equivalents For the purposes of the statement of cash flows, cash and cash equivalents comprise cash on hand and deposits with banks within 3 months to maturity from date of deposit. (k) Provision Provisions are recognized when the PMSA has a legal or constructive obligation as a result of past events, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Where the time value of money is material, provisions are stated at the present value of the expenditure expected to settle the obligation. (l) Employee benefits Salaries, gratuities, paid annual leave, contributions to defined contribution retirement plans and the cost of non-monetary benefits are accrued in the year in which the associated services are rendered by employees of the PMSA. (m) Interest expenses Interest expenses are expensed in the period in which they are incurred. 2. 重大會計政策（續） (i) 應收賬款及其他應收款，以及 合約資產及合約負債（續） 合約資產於監管局根據合約所 載付款條款，於無條件享有該 代價前確認收入時確認。合約 資產根據附註 2(e) 所載政策評 估預計信貸虧損，並於收取代 價權利成為無條件時重新分類 至應收款項。合約負債於客戶 支付代價或在對代價具有無條 件的權利（在此情況下，相應 應收款項已確認）時，而在監 管局確認相關收入前予以確 認。 (j) 現金及現金等值物 就編製現金流量表而言，現金 及現金等值物包括現金和於存 入後 3 個月內到期的銀行存款。 (k) 撥備 若監管局須就已發生的事件承 擔法律或推定責任，而履行該 責任預期會導致經濟資源外 流，並可作出可靠的估計，便 會確認撥備。如果貨幣時間值 重大，則按預計履行責任所需 資源的現值計提撥備。 (l) 僱員福利 薪金、約滿酬金、有薪年假、 界定供款退休計劃的供款及非 貨幣性福利之成本均在監管局 僱員提供相關服務的年度內累 計。 (m) 利息支出 利息支出於產生期間支銷。