Annual Report 2021

162 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2021 Notes to the Consolidated Financial Statements 綜合財務報表附註 FOR THE YEAR ENDED 31 DECEMBER 2021 截至二零二一年十二月三十一日止年度 3. 綜合財務報表之編製基準及 重要會計政策（續） 3.2 重要會計政策（續） 租賃（續） 本集團作為承租人 短期租賃及低價值資產租賃 對於租期自開始日期起計為 12 個月或 以內且並無包含購買選擇權的部分臨 時員工宿舍租賃，本集團應用短期租 賃確認豁免。本集團亦對低價值資產 租賃應用確認豁免。短期租賃及低價 值資產租賃的租賃付款按直線基準或 另一系統化基準於租期內確認為開支。 使用權資產 使用權資產的成本包括： • 租賃負債的初始計量金額； • 於開始日期或之前作出的任何租賃 付款，減任何已收租賃優惠；及 • 本集團產生的任何初始直接成本。 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) 3.2 Significant accounting policies (Continued) Leases (Continued) The Group as a lessee Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to leases of some temporary staff dormitories that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. It also applies the recognition exemption for lease of low-value assets. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis or another systematic basis over the lease term. Right-of-use assets The cost of right-of-use asset includes: • the amount of the initial measurement of the lease liability; • any lease payments made at or before the commencement date, less any lease incentives received; and • any initial direct costs incurred by the Group.