Annual Report 2023

Notes to the Consolidated Financial Statements 綜合財務報表附註 FOR THE YEAR ENDED 31 DECEMBER 2023 截至二零二三年十二月三十一日止年度 186 Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2023 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND MATERIAL ACCOUNTING POLICY INFORMATION (Continued) 3.2Ma t er i a l account i ng po l i cy i n forma t i on (Continued) Financial instruments (Continued) Financial assets (Continued) Impairment of financial assets subject to impairment assessment under HKFRS 9 The Group performs impairment assessment under expected credit loss (“ ECL ”) model on financial assets (including trade and other receivables, loan receivables, receivables at FVTOCI, amounts due from related parties, pledged bank deposits, time deposits, short term fixed deposits and cash at banks) which are subject to impairment assessment under HKFRS 9. The amount of ECL is updated at each reporting date to reflect changes in credit risk since initial recognition. Lifetime ECL represents the ECL that will result from all possible default events over the expected life of the relevant instrument. In contrast, 12-month ECL ( “ 12m ECL ” ) represents the portion of lifetime ECL that is expected to result from default events that are possible within 12 months after the reporting date. Assessments are done based on the Group’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current conditions at the reporting date as well as the forecast of future conditions. 3. 綜合財務報表之編製基準及 重大會計政策資料（續） 3.2 重大會計政策資料（續） 金融工具（續） 金融資產（續） 須根據香港財務報告準則第 9 號進行減 值評估的金融資產之減值 根據香港財務報告準則第 9 號，本集團 以預期信貸虧損（「 預期信貸虧損 」）模 型對金融資產（包括貿易及其他應收款 項、應收貸款、按公允值計入其他全 面收益的應收款項、應收關連人士款 項、已抵押銀行存款、定期存款、短 期定期存款及銀行現金）進行減值評 估。預期信貸虧損金額於各報告日期 更新，以反映自初始確認以來的信貸 風險變動。 全期預期信貸虧損指於相關工具預期 壽命內發生所有可能的違約事件而導 致的預期信貸虧損。相比之下， 12 個 月預期信貸虧損（「 12 個月預期信貸虧 損 」）則指預期於報告日期後 12 個月內 可能發生的違約事件而導致的部分全 期預期信貸虧損。預期信貸虧損根據 本集團過往信貸虧損經驗進行評估， 並根據債務人的特定因素、總體經濟 狀況及於報告日期對當前狀況和未來 狀況預測的評估而作出調整。