HKFRS 16 definition

HKFRS 16. Hong Kong Financial Reporting Standard 16 “Leases” which include standards and interpretations promulgated by the Hong Kong Institute of Certified Public Accountants;
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HKFRS 16 the Hong Kong Financial Reporting Standard 16 issued by the Hong Kong Institute of Certified Public Accountants, which sets out the principles for the recognition, measurement, presentation and disclosure of leases “HK$” Hong Kong dollars, the lawful currency of Hong Kong
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HKFRS 16. Hong Kong Financial Reporting Standard 16 “Leases”, effective on 1 January 2019
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Examples of HKFRS 16 in a sentence

  • In accordance with HKFRS 16 “Leases”, the Group will recognize rental payments under the Lease Agreement as right-of-use assets with an estimated value of approximately HK$21,923,000, which is measured at the present value of the aggregate lease payments discounted using the Group’s incremental borrowing rate in Thailand.

  • Pursuant to HKFRS 16, the entering into of the Tenancy Agreement will require the Group to recognise the fixed portion of the rent for the Premises as the right-of-use assets with a cost of approximately HK$5.0 million at initial recognition and a corresponding lease liability which represents the present value of the future lease payments.


More Definitions of HKFRS 16

HKFRS 16. Hong Kong Financial Reporting Standard 16
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HKFRS 16. Hong Kong Financial Reporting Standard 16 “HKS” HKS International Limited, a company incorporated in the British Virgin Islands with limited liability
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HKFRS 16. The Hong Kong Financial Reporting Standard 16 “Leases” issued by the Hong Kong Institute of Certified Public Accountants “Incorporated Owners” the incorporated owners of the building of which the 42F Property and the 49F Property form part from time to time
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Related to HKFRS 16

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

  • IASB means the International Accounting Standards Board;

  • PRC GAAP means the generally accepted accounting principles in the PRC in effect from time to time.

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • SEBI Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with the circulars issued thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force.

  • the 1997 Regulations means the Zebra, Pelican and Puffin Pedestrian Crossing Regulations 1997.

  • Financial Regulations means regulations made under section 21 of the Act;

  • HKFE means the Hong Kong Futures Exchange Limited;

  • EU means the European Union.

  • EEA Regulations means the Immigration (European Economic Area) Regulations 2006.

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • the 2000 Regulations means the Water Supply (Water Quality) Regulations 2000(b); "the 2001 Regulations" means the Water Supply (Water Quality) Regulations 2001(c);

  • U.S. GAAP means generally accepted accounting principles in the United States.

  • EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • SEBI Listing Regulations means SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended

  • HKEx means Hong Kong Exchanges and Clearing Limited;

  • QFC Stay Rules means the regulations codified at 12 C.F.R. 252.2, 252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority under Title II of the Xxxx Xxxxx Wall Street Reform and Consumer Protection Act and the override of default rights related directly or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate credit enhancements.

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013

  • ROC means the Republic of China.

  • the 2007 Regulations means the Civil Enforcement of Parking Contraventions (England) General Regulations 2007;

  • Hague-Visby Rules means the provisions of the International Convention for the Unification of certain rules Relating to Bills of Lading signed at Brussels on 25th August 1924 as amended by the Visby Protocol of 23rd February 1968 and the SDR Protocol of 21st December 1979;