Annual Report 2020

97 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 ANNUAL REPORT 2020 年度報告 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） (ii) 違約定義 本集團認為當財務資產逾期超過 90 日已發生 違約，除非本集團有合理及且可支持之資料 來顯示更加滯後的違約標準更為恰當。 (iii) 信貸減值財務資產 財務資產在一項或以上事件（對該財務資產估 計未來現金流量構成不利影響）出現時發生信 貸減值。財務資產信貸減值的證據包括有關 下列事件的可觀察數據： (a) 發行人或借款人的重大財困； (b) 違反合約（如違約或逾期事件）； (c) 借款人的貸款人因有關借款人財困的經 濟或合約理由而向借款人批出一般貸款 人不會考慮的讓步； (d) 借款人將可能陷入破產或其他財務重 組。 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) (ii) Definition of default The Group considers that default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate. (iii) Credit-impaired financial assets A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events: (a) significant financial difficulty of the issuer or the borrower; (b) a breach of contract, such as a default or past due event; (c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; (d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganisation.