Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKAS 1.61
HKFRS
16.53(j), 54, 59(a) (b)
The amount of properties for future development and under development expected to be recovered
after more than one year is $12,025,000 and $57,853,000 respectively (2022: $10,340,000 and
$50,793,000 respectively). All of the other inventories are expected to be recovered within one
year202
The analysis of carrying value of land 203 held for property development for sale is as follows:
HKAS 1.61
202
HKFRS 16.53(j)&
54
HKFRS 16.59(a)
In Hong Kong, with remaining lease term of:
-
50 years or more
between 10 and 50 years
2023
$'000
2022
$'000
67,046
58,177
16,760
16,760
83,806
74,937
HKAS 1 requires disclosure of the amount expected to be recovered or settled after more than one year, when any balance
combines this with amounts expected to be recovered or settled within one year. For the avoidance of doubt, it is also useful to
make a specific statement concerning all other balances (i.e. those expected to be fully recovered or settled within one year and
those expected to be fully recovered or settled after one year). However, such disclosure is not required under HKAS 1.
203 Where the entity has included right-of-use assets within inventory on the face of the statement of financial position (as allowed
by paragraph 47(a) of HKFRS 16), the lessee shall disclose the amount of these right-of-use assets at the end of the reporting
period by class of underlying asset in the notes as required by paragraphs 47(a), 54 and 53(j) of HKFRS 16.
In addition, a lessee is required to disclose information that helps users of financial statements to assess the nature of the
lessee's leasing activities. In this regard, it would be informative to analyse the carrying value of significant ownership interests
in leasehold properties by indicating the remaining lease term as illustrated here.
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