Annual Report 2021

196 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. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (Continued) 3.2 Significant accounting policies (Continued) Financial instruments (Continued) Financial assets (Continued) Derecognition of financial assets The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. On derecognition of a financial asset measured at amortised cost, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognised in profit or loss. On derecognition of an investment in equity instrument which the Group has elected on initial recognition to measure at FVTOCI, the cumulative gain or loss previously accumulated in the FVTOCI reserve is not reclassified to profit or loss, but is transferred to retained profits. Financial liabilities and equity Classification as debt or equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument. 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） 金融工具（續） 金融資產（續） 終止確認金融資產 本集團僅於資產產生的現金流量的合 約權利到期時，或於其轉移金融資產 並同時轉移持有該等資產絕大部分的 風險及回報於另一實體時終止確認金 融資產。 於終止確認按攤銷成本計量的金融資 產時，資產賬面值與已收及應收代價 總額間的差額於損益中確認。 於終止確認本集團選擇於初步確認時 按公允值計入其他全面收益計量的權 益工具投資時，先前於按公允值計入 其他全面收益儲備累計的累計收益或 虧損不會重新分類至損益，但會轉移 至保留盈利。 金融負債及權益 分類為負債或權益 債務及權益工具按合約安排的內容以 及金融負債及權益工具的定義而分類 為金融負債或權益。