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 64 Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2018 2. PRINCIPAL ACCOUNTING POLICIES (Continued) 2.2 Impacts and changes in accounting policies of app l i ca t i on on HKFRS 9 F i nanc i a l I ns t r umen t s (Continued) 2.2.1 Key changes in accounting policies resulting from application of HKFRS 9 (Continued) Impairment under ECL model (Continued) Significant increase in credit risk (Continued) • an actual or expected significant adverse change in the regulatory, economic, or technological environment of the debtor that results in a significant decrease in the debtor’s ability to meet its debt obligations. Irrespective of the outcome of the above assessment, the Group presumes that the credit risk has increased since initial recognition when contractual payments are more than 30 days past due, unless the Group has reasonable and supportable information that demonstrates otherwise. Despite the aforegoing, the Group assumes that the credit risk on a debt instrument has not increased significantly since initial recognition if the debt instrument is determined to have low credit risk at the reporting date. A debt instrument is determined to have low credit risk if i) it has a low risk of default, ii) the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and iii) adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations. The Group considers a debt instrument to have low credit risk when it has an internal or external credit rating of investment grade’ as per globally understood definitions. The Group considers that default has occurred when the instrument 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. 2. 主要會計政策（續） 2.2 應用香港財務報告準則第 9 號金融工具的 會計政策影響及變動（續） 2.2.1 應用香港財務報告準則第 9 號導致會計政 策的主要變動（續） 預期信貸虧損模式項下的減值（續） 信貸風險大幅增加（續） • 導致債務人履行其債務責任的能力大幅 下降的債務人監管、經濟、或技術環境 的實際或預期的重大不利變動。 不論上述評估結果如何，本集團認為，當合 約付款逾期超過 30 天，則自初始確認以來信 用風險已增加，除非本集團有合理且可支持 的資料證明。 儘管有上述規定，若於報告日期債務工具被 判定為具有低信貸風險，本集團會假設債務 工具的信貸風險自初始確認以來並未顯著上 升。在以下情況下，債務工具會被判定為具 有較低信貸風險： i) 債務工具具有較低違約風 險； ii) 借款人有很強的能力履行近期的合約現 金流量義務；及 iii ）經濟及商業環境的長期不 利變動有可能，但未必降低借款人履行合約 現金流量義務的能力。債務工具按全球理解 定義有內部或外部投資信貸評級，本集團認 為其債務工具的信貸風險為低。 當工具逾期超過 90 天時，本集團即認為已發 生違約，除非本集團有合理及可靠資料證明 應採用更寬鬆的違約標準。