Annual Report 2018

201 年報 ANNUAL REPORT 2018 FOR THE YEAR ENDED 31 DECEMBER 2018 　截至二零一八年十二月三十一日止年度 綜合財務報告附註 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2 重大會計政策概要 （續） 2.24 收入確認 （續） 本集團製造及銷售鋼簾線，銅及黃 銅材料銷售，加工及貿易。當產品 的所有權轉移給客戶，產品交付給 客戶，客戶對銷售產品渠道和價格 有完全的處理權，並且本集團沒有 未履行的義務而會影響客戶對產品 的接受程度時即可確認收入。當產 品已運至指定地點時，報廢和損失 的風險已轉移給客戶及客戶已按照 銷售合同接受產品，驗收規定已失 效，或本集團有客觀證據表明所有 驗收標準均已滿足。應收賬款在貨 物交付時是無條件的確認，因為在 付款到期之前只需要經過一段時 間。 2.25 利息收入 利息收入以實際利率法按時間比例 確認。 2.26 租約 本集團作為承租人 經營租約 凡擁有權所涉及絕大部分風險及回 報由出租人保留之租約，均列作經 營租約。根據經營租約所付租金在 扣除來自出租人之任何優惠後，在 租約年期內以直線法在綜合損益表 支銷。 預付租約款在租約期內按直線法攤 銷。 2 Summary of significant accounting policies (continued) 2.24 Revenue recognition (continued) The Group manufactures and sells steel cords and processing and trading of copper and brass products. Revenue is recognised when the control of the products are transferred to the customers at a point in time, when products are delivered to the customers, and there is no unfulfilled obligation that could affect the customers’ acceptance of the products. Delivery occurs when the products have been shipped to the specified location, the risks of obsolescence and loss have been transferred to the customers, and either the customers have accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the Group has objective evidence that all criteria for acceptance have been satisfied. A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. 2.25 Interest income I n t e r e s t i ncome i s r ecogn i s ed on a t ime - proportion basis using the effective interest method. 2.26 Leases The Group as lessee Operating lease Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to consolidated statement of profit and loss on a straight-line basis over the period of the lease. Prepaid lease payments is amortised over the lease term on a straight-line basis.