HKFRS definition

Examples of HKFRS in a sentence

  • Pursuant to HKFRS 16, the Leased Land will be recognised by the Group as a right-of-use asset, in which the value is approximately US$13.60 million (equivalent to approximately HK$106.08 million), amortised over the lease term on a straight-line basis.

  • As the rental fees under the Land Lease Agreement would be accounted as land use rights in the Company’s financial statements in accordance with HKFRS 16, the transaction under the Land Lease Agreement would be regarded as an acquisition of the Leased Land and constitutes a connected transaction of the Company.


More Definitions of HKFRS

HKFRS means Hong Kong Financial Reporting Standards (including Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards and Interpretations) issued by HKICPA.
HKFRS means Hong Kong Financial Reporting Standard;
HKFRS. Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public AccountantsIndependent Third Party(ies)” a party independent of and not connected with the Company and its connected persons “Landlord” MTR Corporation Limited, an Independent Third Party