曝光臺 注意防騙 網曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費者

Deferred expenditure is stated at cost less impairment losses (Note 2(l)).
(l) Impairment of assets
(i) Impairment of investments in equity securities and other receivables
Investments in equity securities (other than investments in subsidiaries: see (Note 2(l)(ii)) and other current and non-
current receivables that are stated at cost or amortised cost or are classified as available-for-sale equity securities are
reviewed at each balance sheet date to determine whether there is objective evidence of impairment. Objective evidence
of impairment includes observable data that comes to the attention of the Group about one or more of the following loss events:
– significant financial difficulty of the debtor;
– a breach of contract, such as a default or delinquency in interest or principal payments;
– it becoming probable that the debtor will enter bankruptcy or other financial reorganisation;
– significant changes in the technological, market, economic or legal environment that have an adverse effect on the debtor; and
– a significant or prolonged declined in the fair value of an investment in an equity instrument below its cost.
If any such evidence exists, any impairment loss is determined and recognised as follows:
– For investments in associates and jointly controlled entities recognised using the equity method (Note 2(d)), the impairment loss is measured by comparing the recoverable amount of the investment as a whole with its carrying
amount in accordance with Note 2(l)(ii). The impairment loss is reversed if there has been a favourable change
in the estimates used to determine the recoverable amount in accordance with Note 2(l)(ii).
– For unquoted equity securities carried at cost, the impairment loss is measured as the difference between the carrying amount of the financial asset and the estimated future cash flows, discounted at the current market rate
of return for a similar financial asset where the effect of discounting is material. Impairment losses for equity securities carried at cost are not reversed.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009
62 Notes to the Financial Statements
(Prepared in accordance with International Financial Reporting Standards)
(Expressed in Renminbi)
2 Principal accounting policies (cont’d)
(l) Impairment of assets (cont’d)
(i) Impairment of investments in equity securities and other receivables (cont’d)
– For trade and other current receivables and other financial assets carried at amortised cost, the impairment loss
is measured as the difference between the asset’s carrying amount and the present value of estimated future
cash flows, discounted at the financial asset’s original effective interest rate (i.e. the effective interest rate
computed at initial recognition of these assets), where the effect of discounting is material. This assessment is made collectively where financial assets carried at amortised cost share similar risk characteristics, such as similar
　
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