Annual Report 2020

FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 136 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 2.1 Basis of preparation (continued) 2.1.1New and amended standards and interpretations adopted by the Group The Group has applied the following new and amended standards and interpretations for the first time for the annual reporting period commencing from 1 January 2020: Amendments to HKFRS 3 Definition of a Business Amendments to HKAS 1 and HKAS 8 Definition of Material Amendments to HKFRS 16 COVID-19 Related Rent Concession (Note) Amendments to HKFRS 7, HKFRS 9 and HKAS 39 Interest Rate Benchmark Reform (Phase 1) Conceptual Framework for Financial Reporting 2018 Revised Conceptual Framework for Financial Reporting Note: The Group has elected to early adopt the above standard. The Group did not receive any rent concessions for the year ended 31 December 2020 and there is no impact on the opening balance of equity at 1 January 2020. The amendments listed above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods. 2 重大會計政策概要 （續） 2.1 編製基準 （續） 2.1.1 本集團採納之新訂及經修訂 準則及詮釋 本集團已於二零二零年一月一 日開始之財政年度首次採納以 下之新訂及經修訂準則及詮 釋： 香港財務報告準則 第 3 號的修訂 業務的定義 香港會計準則第 1 號及 香港會計準則 第 8 號的修訂 重大的定義 香港財務報告準則 第 16 號的修訂 2019 冠狀病毒病 相關租金優惠 （附註） 香港財務報告準則 第 7 號、香港財務 報告準則第 9 號 及香港會計準則 第 39 號的修訂 基準利率改革 （第一階段） 二零一八年財務報告 的概念框架 財務報告之經修訂 概念框架 附註：本集團已選擇提前採用上述 準則。本集團截至二零二零年 十二月三十一日止年度未獲 任何租金優惠，而這對於二零 二零年一月一日的權益期初 餘額沒有影響。 上述修訂對前期入帳金額沒有 任何影響，預計也不會對當期 或未來期間產生重大影響。