Annual Report 2020

84 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2020 截至二零二零年十二月三十一日止年度 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 3. 綜合財務報表編製基準及主要會計政策 （續） 主要會計政策 （續） 來自客戶合約的收益 （續） 否則，收益於客戶獲得不同貨品或服務控制權的時 間點確認，即貨品交予客戶之時間點。於貨品已付 運至客戶指定地點，則屬已交付。 本集團之收益於某一時間點確認。根據香港財務報 告準則第 15 號「來自客戶合約的收益」（「香港財務報 告準則第 15 號」）下的控制權轉移方法，來自製造及 向本集團客戶銷售箱板紙及瓦楞包裝之收益於貨品 轉予客戶時確認，即當客戶有能力管理貨品的使用 並獲得該貨品的絕大部分剩餘利益的某個時間點。 租賃 租賃的定義 倘合約為換取代價而給予在一段時間內控制可識別 資產使用的權利，則該合約為租賃或包含租賃。 就於首次應用日期或之後訂立或修訂或來自業務合 併之合約而言，本集團於開始日期、修訂日期或收 購日期（如適用）按香港財務報告準則第 16 號項下之 定義評估合約是否為租賃或包含租賃。除非合約之 條款及條件其後變動，否則有關合約將不予重新評 估。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) Significant accounting policies (Continued) Revenue from contracts with customers (Continued) Otherwise, revenue is recognised at a point in time when the customer obtains control of the distinct good or service, being at the point the goods are delivered to the customer. Delivery occurs when the goods have been shipped to the customer’s specific location. The revenue of the Group is recognised at a point in time. Under the transfer-of-control approach in HKFRS 15 “Revenue from Contracts with Customers” (“HKFRS 15”), revenue from manufacturing and sales of containerboard and corrugated packaging products to the Group’s customers are recognised when the goods are passed to the customers, which is the point of time when the customer has the ability to direct the use of the goods and obtain substantially all of the remaining benefits of the goods. Leases Definition of a lease A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. For contracts entered into or modified or after the date of initial application or arising from business combinations, the Group assesses whether a contract is or contains a lease based on the definition under HKFRS 16 at inception, modification date or acquisition date, as appropriate. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently changed.