Notes to the Financial Statements
(Continued)
ৌਕజ
ڝڌ
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ᚃ
(s) Operating leases
Leases in which a significant portion of the risks and rewards of
ownership are retained by the lessor are classified as operating leases.
Payments made under operating leases (net of any incentives received
from the lessor) are recognised as expenses in the statement of income
and expenditure on a straight line basis over the period of the lease.
(t) Translation of foreign currencies
Items included in the financial statements of the Group are measured
using the currency of the primary economic environment in which the
Group operates (“the functional currency”). The financial statements are
presented in Hong Kong dollar, which is the Group’s functional and
presentation currency.
Foreign currency transactions are translated into the functional currency
using the exchange rates prevailing at the transaction dates. Monetary
assets and liabilities denominated in foreign currencies are translated at
the rates of exchange ruling at the reporting date. Exchange gains and
losses are dealt with in the statement of income and expenditure.
(u) Related parties
Parties are considered to be related to the Group if the party has the
ability, directly or indirectly, to control the Group or exercise significant
influence over the Group in making financial and operating decisions, or
vice versa. Related parties also include key management personnel
having authority and responsibility for planning, directing and
controlling the activities of the Group.
For the purpose of these financial statements, transactions between the
Group and Government departments, agencies or Government
controlled entities, other than those transactions that arise in the normal
dealings between the Government and the Group, are considered to be
related party transactions.
3. Financial riskmanagement
(a) Financial risk factors
The Group’s activities of providing healthcare services to patients, the
administration of drugs, the employment of a large workforce and the
investment activities are primary areas of financial risks being mitigated
by the Group’s financial risk management process. The Group’s
underlying principles of financial risk management are to transfer the
cost of financial risks of significant level through insurance with a
diversity of insurers, to self insure for the operational risks and to comply
with regulatory insurance requirements as an employer and owner of a
motor fleet.
(s)
營運租賃
如有關租賃的大部分風險及擁有權回報歸出租人所
有，均分類為營運租賃。根據營運租賃所支付的款項
（減去出租人給予的任何優惠）按租賃年期以直線方式
於收支結算表確認。
(t)
外幣換算
集團財務報表內各個項目均以集團營運時主要經濟環
境的貨幣為計量（「功能貨幣」）。財務報表內呈列的金
額以港元為單位，即集團的功能及呈列貨幣。
外幣交易是根據交易日的匯率將外幣轉換為功能貨
幣。以外幣為單位的貨幣資產及負債，於資產負債表
的日期按匯率轉換，透過轉換所得的盈餘及虧損記入
收支結算表。
(u)
關聯人士
與集團關聯的人士，是指直接或間接有能力控制集團
作出財政及運作決策，或對此深具影響的關聯人士，
反之亦然。關聯人士亦包括具權力及有責任規劃、指
令及管控集團事務的主要管理人員。
就本財務報表之編訂，集團與政府部門、機構或政府
控制實體之間的交易，除政府與集團的正常交易外，
均視作關聯人士交易。
3.
ৌਕࠬᎈ၍ଣ
(a)
財務風險因素
集團所進行的事務如為病人提供醫療服務、管理藥
物、僱用龐大職員隊伍及投資活動等，均是主要的財
務風險來源，就這些風險進行財務管理可將風險減
低。集團財務風險管理的主要原則，是透過向不同保
險公司購買保險及自行承保運作風險，將重大風險而
導致的財政費用轉移，以及作為僱主及擁有車隊的機
構遵守各項保險規管條文。
2. Principal accounting policies
(Continued)
2.
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2013-2014
