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22. FINANCIAL AND Cash Threat MANAGEMENT AND Truthful VALUES Of economic Devices The Group s major monetary devices contain financial belongings at honest benefit by means of profit or reduction, trade as well as other receivables, trade and various payables, deposits with banking institutions and cash and hard cash equivalents. Information of the money devices are disclosed in respective notes. The pitfalls related to these economical instruments involve credit rating risk, liquidity risk, forex risk, fascination charge danger and various value hazard. The guidelines on how to mitigate these pitfalls are set out underneath. The Executive Committee manages and screens these exposures to be certain appropriate actions are implemented on the well timed and powerful fashion. a) Credit score hazard i) Credit possibility refers to the chance that a counterparty will default on its contractual obligation leading to economical loss to your Group. The Group has adopted a policy of only handling creditworthy counterparties as a means of mitigating the danger of monetary loss from defaults. twenty five

69 Financial Report and Accounts two. Major ACCOUNTING Procedures (Continued) p) Associated parties (Continued) b) An entity is related to the Team if any of the subsequent disorders applies: (Ongoing) v) The entity is often a put up-employment benefit plan for the good thing about staff members of both the Group or an entity associated with the Group. vi) The entity is managed or jointly managed by an individual identified in (a). vii) Anyone discovered in (a)(i) has major affect above the entity or is really a member of the key administration staff in the entity (or of a dad or mum on the entity). viii) The entity, or any member of a bunch of which it is a part, presents essential management staff companies to your Group or to the Team s mum or dad. Close family members of someone are Individuals members of the family who might be envisioned to affect, or be influenced by, that person of their dealings Together with the entity. q) Authorities grants Government grants will not be recognised until finally there is acceptable assurance the Group will adjust to the situations attaching to them and that the grants might be acquired. Government grants are recognised in assertion of surplus or deficit along with other complete money and expenditure account on a scientific basis in excess of the periods in which the Team recognises as expenditure the associated prices for which the grants are meant to compensate. Particularly, governing administration grants whose Major condition would be that the Group really should obtain, construct or usually obtain non-present-day assets are recognised as deferred earnings within the assertion of financial posture and transferred to statement of surplus or deficit and other extensive earnings and expenditure account on a scientific and rational basis in excess of the beneficial lives on the related property.

?�者喜見自己的?�作?�放?�港?�站??�?��社�??�廊 �?��大眾欣賞 Elders were thrilled to see their artwork parts exhibited for the Local community Art Gallery inside the MTR station. ?�活?�?�小組中 ?�者聚精會神地?�芽??一起重溫昔?�日常�???Elders concentrated in picking the tails from the bean sprouts while in the Routines of Day by day Dwelling team to relive their housework in The great previous days. 彩虹人生 ?�術治療小組�??�者使?�不?�物質和?�料?�作?�畫 ?�彩繽紛 Elders developed their artwork with various supplies in the Lifetime of Rainbow artwork therapy team. 29

We believe that we can get the operational licence and have the operation started prior to finish of year The seven th teaching workshop to the senior management employees coaching for the Guangdong Provincial Civil Administration Office was postponed as a consequence of our arrangement for the foremost renovation get the job done for our Cheung Muk Tau Getaway Centre for your Elderly. We stay up for the longer term Keeping of it but it might probably be just after no less than a 12 months when the key renovation function for our Holiday Centre is done. I'm pleased to report that we have all over again properly acquired the Hong Kong Elderly Household Treatment Solutions Accreditation Certifi cate from the Hong Kong Affiliation of Gerontology who yet again carried out complete on-web page company inspection this 12 months. They proceed to give us encouraging remarks and superior appreciation. I wish to get this chance to specifically thank each of the donors and supporters for their generous guidance in retaining our Zhaoqing Elderly Household in excellent operational mode and giving the required services for that elderly. I'd personally also choose to sincerely thank my fellow Zhaoqing Board associates for his or her steering and contribution, our workers from the Zhaoqing Dwelling for their dedication and fantastic perform and the supporting team team from our numerous Hong Kong based mostly properties for his or her continual devotion and remarkable performances. Moreover, I wish to welcome Mr. Tim Lui to hitch our board. Along with his know-how and advice, I am positive our staff will mature even much better! I have found alterations heading in addition to good results at our Zhaoqing Elderly household. I look ahead to extra productive a long time to come! 10 GARY K M YAU, CHAIRMAN BOARD OF Administrators

The professional grasp?�s diploma is created to deliver people who have now attained a bachelor?�s read more diploma linked to early childhood with the extra understanding of boy or girl advancement and practial ordeals.

This system is created to provide secondary and first college teachers with both equally a foundation in financial concept and a list of techniques and methods for instructing economics in secondary and elementary faculties.??within the facet from the display if you find yourself ready to complete the survey.|College students and educators are qualified for somebody instructional license if they are enrolled or employed at a certified Academic Establishment that has been accredited by an authorized governmental agency and has the principal reason of training click here its enrolled students.|Curriculum : The students put together to the Examination of IELTS by IELTS Clinic that analyzes each A part of IELTS and mock exam. This system conducts obligatory self-review and The scholars should really pay a penalty when they click here are absent.}

An interdisciplinary method to prepare candidates Together with the awareness and competencies necessary to train effectively in the dual language immersion classroom while in the parts of linguistic and cultural proficiency, in addition to educating methodology.

Down load "Perception It really is our firm perception that senior citizens needs to be entitled to enjoy a abundant and dignified existence after yrs of contribution for the society. OB"}

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