Interim Report 2018

Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 FOR THE SIX MONTHS ENDED 30 JUNE 2018 截至二零一八年六月三十日止六個月 54 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2018 2. PRINCIPAL ACCOUNTING POLICIES (Continued) 2.1 Impacts and changes in accounting policies of application on HKFRS 15 Revenue from Contracts with Customers (Continued) 2.1.1Key changes in accounting policies resulting from application of HKFRS 15 HKFRS 15 introduces a 5-step approach when recognising revenue: • Step 1: Identify the contract(s) with a customer • Step 2: Identify the performance obligations in the contract • Step 3: Determine the transaction price • Step 4: Allocate the transaction price to the performance obligations in the contract • Step 5: Recognise revenue when (or as) the Group satisfies a performance obligation. Under HKFRS 15, the Group recognises revenue when (or as) a performance obligation is satisfied, i.e. when “control” of the goods or services underlying the particular performance obligation is transferred to the customer. A performance obligation represents a good and service (or a bundle of goods or services) that is distinct or a series of distinct goods or services that are substantially the same. Control is transferred over time and revenue is recognised over time by reference to the progress towards complete satisfaction of the relevant performance obligation if one of the following criteria is met • the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs; 2. 主要會計政策（續） 2.1 應用香港財務報告準則第 15 號客戶合約 收入的會計政策影響及變動（續） 2.1.1 應用香港財務報告準則第 15 號導致會計 政策的主要變動 香港財務報告準則第 15 號引入確認收入時的 五個步驟： • 步驟 1 ：識別與客戶之合約 • 步驟 2 ：識別合約內之履約義務 • 步驟 3 ：釐定交易價格 • 步驟 4 ：按合約內履約義務分配交易價格 • 步驟 5 ：當（或於）本集團滿足履約義務 時確認收入 根據香港財務報告準則第 15 號，當（或於）滿 足履約義務時，本集團確認收入，即於特定 履約義務的相關商品或服務的控制權轉讓予 客戶時確認。 履約義務指不同的商品及服務或一組商品或 服務或不同的商品及大致相同的服務。 控制權隨時間轉移，而倘滿足以下其中一項 標準，則收入乃參照完全滿足相關履約義務 的進展情況而隨時間確認。 • 隨本集團履約，客戶同時取得並耗用本 集團履約所提供的利益；