Page 91 - EdUHK Annual Report 2015-2016

THE EDUCATION UNIVERSITY OF HONG KONG 香港教育大學
(Expressed in Hong Kong dollars unless otherwise stated)(除另有說明外，所有金額以港幣為單位)
1 Summary of signi cant accounting policies (Continued)
1.11 Accounts payable and accruals
Accounts payable and accruals are initially recognised at fair value and subsequently stated at amortised cost unless the effect of discounting would be immaterial, in which case they are stated at cost.
1.12 Employee bene ts
(a) Employee leave entitlements
Employee entitlements to annual leave and development leave are recognised when they accrue to employees. A provision is made for the estimated liability for unutilised annual leave and development leave as a result of services rendered by employees up to the end of reporting period.
Employee entitlements to sick leave and maternity leave are not recognised until the time of leave.
(b) Superannuation scheme
The University has set up a superannuation scheme (the “Scheme”) to provide its employees with bene ts on retirement or termination of employment.
Members of the Scheme contribute 5% of their basic monthly salaries to the Scheme and bene ts are paid to them on their retirement or on leaving employment subject to certain conditions as stipulated in the Scheme’s trust deed. Contributions to the Scheme are expensed as incurred and other than those monthly contributions, the University has no further obligation for the payment of termination or retirement bene ts to its employees.
(c) Mandatory provident fund scheme
The Group has established mandatory provident fund scheme (“MPF scheme”) in Hong Kong. The assets of the MPF scheme are held in separate trustee-administered funds. Both the Group and the employees are required to contribute 5% of the employees’ relevant income, subject to a statutory maximum requirement per employee per month. The Group’s contribution to the MPF scheme is expensed as incurred.
1.13 Provisions and contingent liabilities
Provisions are recognised for liabilities of uncertain timing
or amount when the Group or the University has a legal or constructive obligation arising as a result of a past event, it is probable that an out ow of economic bene ts will be required to settle the obligation and a reliable estimate can be made. Where the time value of money is material, provisions are stated at the present value of the expenditure expected to settle the obligation.
1 主要會計政策概要 (續)
1.11 應付賬款及應計款項
應付賬款及應計款項先按公允價值確認，其後 按攤銷成本入賬; 但如折現影響並不重大，則 按成本入賬。
1.12 僱員福利
(甲) 僱員可享有的假期
僱員可享有的年假及發展假在假期累 計予僱員時予以確認。就僱員服務至 結算日尚有未支取的年假及發展假而 帶來的估計負債，已預留準備。
僱員可享有的病假和產假在放假時確 認。
(乙) 公積金計劃
教大已成立一項公積金計劃(「本計 劃」)，為僱員提供退休或離職福利。
本計劃的成員供款均為基本月薪的 5%，而應得的福利在本計劃信託契 約所列明若干情況規限下支付給退休 或離職的成員。本計劃所作的供款為 實際開支，教大除了每月的供款以外 並無額外支付僱員離職或退休福利的 責任。
(丙) 強制性公積金計劃
本集團在香港設立了一項強制性公積 金計劃(「強積金計劃」)。強積金計 劃的資產存於獨立信託管理的基金 內。本集團與僱員都需要按僱員有關 入息的5%供款，供款金額並受每名 僱員每月的法定上限所規管。本集團 向強積金計劃作出的供款在產生時支 銷。
1.13 撥備及或有負債
如果本集團或教大須就過往事件承擔法定或推 定義務而預期很可能會導致經濟利益流出，在 有關金額能夠可靠地估計時，教大便會對該無 確定時間或金額的負債進行撥備。如果貨幣時 間價值重大，撥備會以履行責任預期所需費用 的現值列報。
香港教育大學 2015-2016年報
89
Notes to the Financial Statements
財務報表附註