Annual Report 2020

96 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） 金融工具 （續） 財務資產（續） 財務資產減值 （續） (i) 信貸風險顯著增加 （續） 不論上述評估之結果如何，本集團認為，當 合約付款逾期超過三十天，則自初始確認以 來信貸風險已顯著增加，除非本集團有合理 且可支持之資料另作證明。 儘管如此，如果債務工具於報告日被認為具 低信貸風險，則本集團可假設該債務工具之 信貸風險自初始確認後未有顯著增加。債務 工具被認為具低信貸風險假若 (i) 其違約風險 較低； (ii) 借款人在短期內絕對有能力履行其 合約現金流量之責任，以及 (iii) 長遠之經濟和 商業條件不利變化，不一定會降低借款人履 行合約現金流責任之能力。當根據全球理解 之定義，其內部或外部之信用評級被評為投 資級別，本集團認為債務工具之信貸風險較 低。 本集團定期監控用以識別信貸風險有否顯著 增加的標準之效益，且修訂標準（如適當）來 確保標準能在金額逾期前識別信貸風險顯著 增加。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) Significant accounting policies (Continued) Financial instruments (Continued) Financial assets (Continued) Impairment of financial assets (Continued) (i) Significant increase in credit risk (Continued) Irrespective of the outcome of the above assessment, the Group presumes that the credit risk has increased significantly since initial recognition when contractual payments are more than 30 days past due, unless the Group has reasonable and supportable information that demonstrates otherwise. Despite the aforegoing, the Group assumes that the credit risk on a debt instrument has not increased significantly since initial recognition if the debt instrument is determined to have low credit risk at the reporting date. A debt instrument is determined to have low credit risk if (i) it has a low risk of default, (ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and (iii) adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group considers a debt instrument to have low credit risk when it has an internal or external credit rating of ‘investment grade’ as per globally understood definitions. The Group regularly monitors the effectiveness of the criteria used to identify whether there has been a significant increase in credit risk and revises them as appropriate to ensure that the criteria are capable of identifying significant increase in credit risk before the amount becomes past due.