Annual Report 2019

166 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 FOR THE YEAR ENDED 31 DECEMBER 2019 截至二零一九年十二月三十一日止年度 2 重大會計政策概要 （續） 2.27 收入確認 當商品或服務的控制權轉移給客戶 時確認收入。根據合同條款和適用 於合同的法律，商品或服務的控制 可以隨時間或在某個時間點進行轉 移。 商品或服務的控制隨時間進行轉移 如果集團的執行： • 提供所有好處同時收到客戶的 付費； • 集團執行創建或增強客戶控制 的資產；或 • 不會創建具本集團其他用途的 資產及集團擁有可執行的支付 權利，以履行迄今為止已完成 的執行。 如果對貨物或服務的控制隨著時間 的推移而轉移，收入在合同期內通 過參考完全履行該履約責任的進度 確認。否則，收入在客戶獲得對貨 物或服務的控制的時間點被確認。 如果合同涉及多個要素的銷售，則 交易價格將根據其相對獨立銷售價 格分配給每個履約責任。如果獨立 銷售價格不能直接觀察，則根據預 期成本加上差額或後市場評估方法 估算調整，具體取決於可觀察資訊 的可用性。 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 2.27Revenue recognition Revenue is recognised when or as the control of the good or service is transferred to the customer. Depending on the terms of the contract and the laws that apply to the contract, control of the good or service may be transferred over time or at a point in time. Control of the good or service is transferred over time if the Group’s performance: • provides all of the benefits received and consumed simultaneously by the customer; • creates or enhances an asset that the customer controls as the Group performs; or • does not create an asset with an alternative use to the Group and the Group has an en f o rceab l e r i gh t t o paymen t f o r performance completed to date. If control of the goods or services transfers over time, revenue is recognised over the period of the contract by reference to the progress towards complete satisfaction of that performance obligation. Otherwise, revenue is recognised at a point in time when the customer obtains control of the goods or service. If contracts involve the sale of multiple elements, the transaction price will be allocated to each performance obligation based on their relative standalone selling prices. If the standalone selling prices are not directly observable, they are estimated based on expected cost plus a margin or adjusted market assessment approach, depending on the availability of observable information.