阿尔法企业 二零一八中期报告(10)

阿尔法企业 二零一八中期报告

Notes to the Unaudited Condensed Consolidated Financial Statements

For the six months ended 30 September 2018

2. BASIS OF PREPARATION (Continued)

These financial statements have been prepared in accordance with IFRS, which collective term includes all applicable individual IFRSs, IASs and Interpretations issued by the IASB, and the disclosure requirements of the H ong Kong Companies Ordinance, and the applicable disclosure provisions of the Listing Rules.

Change in presentation currency

The Company had decided to adopt and use H ong Kong Dollars (“HKD”) as the Company’s and the Group’s presentation currency in presenting the financial performance and the financial position of the Group effective from 1 April 2017, so as to better reflect the underlying performance of the Group and for better alignment with the underlying business operations of the Group. As a result, the Group changed its presentation currency from United State Dollars (“USD”) to HKD for the preparation of its financial statements.

The change in presentation currency has been applied prospectively.

The comparative figures in this unaudited condensed consolidated financial statements were then translated from USD to H KD using the applicable closing rates for assets and liabilities in the unaudited condensed consolidated statement of financial position and applicable average rates that approximated to actual rates for items in the unaudited condensed consolidated statement of profit or loss and other comprehensive income. Share capital, share premium and reserves were translated at the exchange rate at the date when the respective amounts were determined (i.e. historical exchange rates).

Items included in the unaudited condensed consolidated financial statements of each entity in the Group are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). These unaudited condensed consolidated financial statements are presented in HKD, rounded to the nearest thousand except where otherwise indicated.

The measurement basis used in the preparation of the unaudited condensed consolidated financial statements is the historical cost basis.2.

9