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 150 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 2 重大會計政策概要 （續） 2.12 投資和其他金融資產 (a) 分類 本集團將其金融資產分類為以 下計量類別： ‧ 隨後以公平值計量，和 ‧ 隨後以攤銷成本計量。 分類取決於公司管理金融資產 的業務模式和現金流量的合同 條款。 就按公平值計量的資產而言， 收益及虧損將記錄於綜合損益 表。 當且僅當其管理這些資產的業 務模式發生變化時，本集團才 會對債務投資進行重新分類。 (b) 確認及終止確認 以日常方式買賣之金融資產於 交易日確認，交易日為本集團 承諾購買或出售資產之日。倘 收取投資現金流量之權利屆滿 或轉移且本集團已將所有權絕 大部分風險及所有回報轉移， 則終止確認金融資產。 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 2.12 Investments and other financial assets (a) Classification The Group classifies its financial assets in the following measurement categories: • those to be measured subsequently at fair value, and • those to be measured at amortised cost. The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will be recorded in the consolidated statement of profit or loss. The Group reclassifies debt investments when and only when its business model for managing those assets changes. (b) Recognition and derecognition Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership.