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 182 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 3 財務風險管理 （續） 3.3 公平值估計 本集團金融資產的賬面值，包括應 收賬款、應收票據、按金及其他應 收款、已抵押銀行存款及銀行結存 及現金；及金融負債，包括應付賬 款及應付票據、其他應付款及預提 費用、來自一間關連公司之貸款及 銀行貸款，由於其到期日短，估計 其公平值相若。投資物業、按公平 值計入損益之金融負債及物業、廠 房及設備的公平價值估計已分別在 附註 16 、 30 和 17 中披露。 4 重大會計估計和判斷 用於編製綜合財務報表之估計及判斷，乃 基於過往經驗及其他因素，包括預期日後 在有關情況下相信合理出現之事件而作 出。 本集團作出有關未來之估計及假設。顧名 思義，所作會計估計甚少與有關之實際結 果相同。下文討論之估計及假設可能會對 下一個財政年度資產與負債之賬面值造 成重大影響。 (a) 所得稅及遞延稅項 對所得稅釐定撥備時，需要作出重 要的判斷。許多交易及計算的最終 釐定無法確定。當最終的稅款結果 與最初記賬金額不同時，有關差額 將影響釐定期間的當期稅項和遞延 稅項資產及負債。 3 FINANCIAL RISK MANAGEMENT (continued) 3.3 Fair value estimation The carrying amounts of the Group’s financial assets including trade receivables, bills receivable, deposits and other receivables, pledged bank deposits and bank balances and cash; and financial liabilities including trade and bills payables, other payables and accruals, loan from a related company and bank borrowings approximate their fair values due to their short maturities. The fair value estimations of investment properties, financial liability at fair value through profit or loss and property, plant and equipment measured at revalued amount have been disclosed in Note 16, 30 and 17 respectively. 4 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal to the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. (a) Income taxes and deferred taxation Significant judgement is required in determining the provision for income tax. There are many transactions and calculations for which the ultimate determination is uncertain. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such difference will impact the current tax and deferred tax assets and liabilities in the period in which such determination is made.