HKFRS definition

HKFRS. Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

HKFRS means Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants;

HKFRS means Hong Kong Financial Reporting Standards;

Examples of HKFRS in a sentence

• According to HKFRS 16, the rent payable by the Group under the Property Leasing Agreement contains different components and therefore different accounting treatments shall be applied.

• Pursuant to HKFRS 16, the Company has recognised a right-of-use asset in respect of the Tenancy Agreement.

• In accordance with HKFRS 16 “Leases”, the Group will recognise right-of-use assets in the consolidated financial statements of the Group in connection with the tenancy of the Premises.

• Under HKFRS 16 and in the consolidated statement of financial position of the Company, the Company as the lessee shall recognise a lease as a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments.

• Pursuant to HKFRS 16, the Premises leased under the New Lease Agreement will be recognised by the Group as right-of-use assets with the estimated value of approximately HK$1.25 million, and the transaction contemplated under the New Lease Agreement will be recognised as the acquisition of right-of-use assets which will constitute a one-off connected transaction of the Company under Chapter 20 of the Listing Rules.

More Definitions of HKFRS

HKFRS means the Hong Kong Financial Reporting Standards.

HKFRS means, in respect of any date, the applicable Hong Kong Financial Reporting Standards of such date.

HKFRS means Hong Kong Financial Reporting Standards, from time to time;

HKFRS means Hong Kong Financial Reporting Standards as in effect from time to time, consistently applied during the periods involved.

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 means Hong Kong Financial Reporting Standards as in effect from time to time issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of applicable laws, statutes and ordinances;