HK GAAP definition

HK GAAP means the generally accepted accounting standards, principles and practices applicable in Hong Kong;

HK GAAP means the “Hong Kong Generally Accepted Accounting Principles”.

HK GAAP. Hong Kong Generally Accepted Accounting Principles

Examples of HK GAAP in a sentence

• Differences between HK GAAP and US GAAP give rise to differences in the reported balances of assets, liabilities and profit attributable to shareholders of the Group.

• The distributable profits of subsidiaries are different from the amounts reported under HK GAAP.

• The GAAP difference in 2006 reflects the cost of options granted before November 7, 2002 recognized under US GAAP but not recognized under HK GAAP.

• A summary of significant differences between US GAAP and HK GAAP affecting the total assets and net assets of the Group as of June 30, 2006 and June 30, 2007, and the net income/(loss) attributable to shareholders and the basic earnings/(losses) per share of the Group for each of the three month and six month period ended June 30, 2006 and 2007 is presented below.

• Under HK GAAP, deferred taxation is provided, using the liability method, on all significant timing differences to the extent it is probable that the liability will crystallise in the foreseeable future.

More Definitions of HK GAAP

HK GAAP means generally accepted accounting principles in Hong Kong from time to time;

HK GAAP means the Hong Kong Financial Reporting Standards published by the Hong Kong Institute of Certified Public Accountants, as the same may be amended from time to time.

HK GAAP means the generally accepted accounting principles of Hong Kong including the financial reporting standards and interpretations issued by the Hong Kong Institute of Certified Public Accountants which comprise (i) Hong Kong Financial Reporting Standards, (ii) Hong Kong Accounting Standards and (iii) Interpretations.

HK GAAP means Hong Kong generally accepted accounting principles after eliminating intercompany items and minority interests.

HK GAAP means Hong Kong generally accepted accounting principles, as in effect from time to time.

HK GAAP means Hong Kong generally accepted accounting principles, as consistently applied.

HK GAAP has the meaning set forth in the Series B Purchase Agreement.