Version 22 - February 2025 (template release)
Template release pack
This release focuses on the legislative content changes and correction updates for the period ending December 2024. The template is available on platform 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, 6.32.9713.7, and 6.32.9713.
note
Dated content is stored in additional folders at the bottom of each folder level in the annual report and category structure. Review these elements and create duplicates if needed to retain them.
Release notes
- Period ended: December 2024
- Update type: Major (Legislative and Corrections).
Overview
This template release includes major adjustments that includes important legislative updates and IFRS-alignment changes, along with corrections.
Key legislative updates in this version are effective for annual periods beginning on or after
January 2024
.These updates include:
- Lease Liability in a Sale and Leaseback - Amendments to HKFRS 16
- Classification of Liabilities as Current or Non-current (the “2020 Amendments”) - Amendments to HKAS 1
- Non-current Liabilities with Covenants (the “2022 Amendments”) - Amendments to HKAS 1
- Supplier Finance Arrangements - Amendments to HKAS 7 and HKFRS 7
Legislative update information
For detailed and specific changes, refer the document named "
HK.CT (25.2025) (P 6.28.9259 C 22.0 - Content Change List (Full Version))
" which contains the complete list of content updates.Legislative
Accounting Reference Number | Details |
|---|---|
HKFRS 16 | Lease Liability in a Sale and Leaseback - Amendments to HKFRS 16 |
HKAS 1 | Classification of Liabilities as Current or Non-current (the “2020 Amendments”) - Amendments to HKAS 1 |
HKAS 1 | Non-current Liabilities with Covenants (the “2022 Amendments”) - Amendments to HKAS 1 |
HKAS 7 and HKFRS 7 | Supplier Finance Arrangements - Amendments to HKAS 7 and HKFRS 7 |
Corrections
Item ID | Title | Details and Limitations |
|---|---|---|
2570339 | Addition of Content retention instruction | We renamed the old Content Retention Folder under NLUC Categories as “ Pre 2024 [to be reviewed for deletion YE 2029] ”.The team added a new Content Retention Tree Structure Folder, named “ Pre 2024 [to be reviewed for deletion YE 2029] ,” at the bottom of the Accounting Policies and Issued but not yet effective Hong Kong financial reporting standards note levels. We moved the unused information in this release to their respective folders.Please be aware that NLUC.FY22 - Pre 2024 [to be reviewed for deletion YE 2029] folders will be reviewed for deletion in the next 5 years. |
2747625 | Capitalisation of the Primary statements - Headers and Sub-Headers | Headers and sub-headers of the Primary Statements are made to Upper case using variables wherever necessary. Also, the word "continued" has been added using a variable at the end of the headers wherever needed as per the template. |
Content changes
Item ID | Title | Details and Limitations |
|---|---|---|
2762610 | Legislative changes to consolidated entity: Report of the directors | We updated the note numberings in the paragraphs. |
2762611 | Consolidated statement of profit or loss | We updated the folder header text as well as the table header and sub-headers. |
Consolidated statement of comprehensive income | We updated the folder header text as well as the table header and sub-headers. | |
Consolidated statement of financial position | We updated the table headers and sub-headers. | |
Consolidated statement of changes in equity | We updated the folder header, table lines, table headers, sub-headers, and table column headers. We also made text updates. | |
Consolidated statement of cash flows | We updated the folder header text, table headers, sub-headers, and table lines. | |
2762612 | Note 1 - Corporate and group information | We made updates to the text. |
Note 2 - Accounting policies | We updated the folder name in the header. We adjusted and moved old content folders from the bottom of Note 2 to the ' Pre 2024 [to be reviewed for deletion YE 2029] ' folder, where they will be reviewed for deletion in the next five years. Please review these elements and create duplicates if you need to retain them. | |
Note 2.1 - Basis of preparation | We made updates to the text. | |
Note 2.2 - Changes in accounting policies and disclosures | We updated the text and manual tables. | |
Note 2.3 - Issued but not yet effective Hong Kong financial reporting standards | We updated the text, manual tables, and reference tables. We adjusted and moved old content folders to the 'Pre 2024 [to be reviewed for deletion YE 2029]' folder, where they will be reviewed for deletion in the next five years. Please review these elements and create duplicates if you need to retain them. | |
Note 2.4 - Material accounting policies | We updated the folder level heading and made text updates. | |
2762613 | Note 4 - Revenue, other income and gains | We updated the table lines, headers, and sub-headers. |
Note 5 - Profit before tax | We updated the table lines and text. | |
Note 6 - Finance costs | We updated the table lines. | |
Note 7 - Directors' remuneration | We updated the table lines. | |
Note 8 - Income tax | We updated the table column headers, table lines, and text. | |
Note 10 - Dividends | We updated the dates in the table. | |
2762614 | Note 12 - Investment Properties | We updated the table lines. |
Note 13 - Leases | We updated the table line. | |
Note 14 - Goodwill | We updated the note numbers and table lines. | |
2762615 | Note 16 - Investments in joint ventures | We updated the text in the manual table and also updated the table line. |
Note 17 - Investments in associates | We updated the table line. | |
Note 18 - Equity investments designated at fair value through other comprehensive income | We updated the table lines. | |
Note 19 - Inventories | We updated the table line. | |
Note 20 - Trade receivables | We updated the table note numbers and table lines. | |
2762616 | Note 21 - Prepayments, other receivables and other assets | We updated the table lines. |
Note 22 - Contract assets | We updated the table lines. | |
Note 23 - Loans to directors | We updated the table lines. | |
Note 24 - Financial assets at fair value through profit or loss | We updated the table lines. | |
Note 25 - Cash and cash equivalents and pledged deposits | We updated the text and table lines. | |
2762617 | Note 26 - Trade and bills payables | We created a new standard grid table and updated the text and table lines. |
Note 27 - Other payables and accruals | We updated the table lines. | |
Note 28 - Derivative financial instruments | We updated the table headers, sub-headers, and lines. | |
Note 29 - Interest-bearing bank and other borrowings | We updated the table headers, sub-headers, and lines. | |
2762618 | Note 32 - Deferred tax | We made updates to the text. |
Note 33 - Share capital | We updated the table lines. | |
Note 34 - Share option scheme | We made updates to the text. | |
2762619 | Note 37 - Business combination | We updated the table lines. |
Note 38 - Disposal of a subsidiary | We updated the text and table lines. | |
Note 39 - Notes to the consolidated statement of cash flows | We updated the table lines. | |
2762620 | Note 42 - Commitments | We updated the table lines. |
Note 43 - Related party transactions | We updated the table note numbers and text. | |
Note 44 - Financial instruments by category | We updated the table lines. | |
Note 45 - Fair value and fair value hierarchy of financial instruments | We updated the table column headers, table lines, and text. | |
Note 46 - Financial risk management objectives and policies | We updated the table headers, sub-headers, table lines, and text. |
Additional information
Item ID | Details and Limitations |
|---|---|
1 | Additional folders have been created to store dated content at the bottom of each folder level of the annual report, as well as within the category structure. Please review these elements and create duplicates to retain them if needed. Please be aware that the “Pre 2024 [to be reviewed for deletion YE 2029]” folder will be reviewed for deletion in the next 5 years. |
2 | Moved the below-mentioned categories into the NLUC storage location, as those categories are no longer valid.
NLUC storage location folder for “NLUC.FY22 - Pre 2024 [to be reviewed for deletion YE 2029]”. Please be aware that NLUC. The FY22 folder will be reviewed for deletion in the next 5 years. |
3 | In the manual table in note 2.3, since each description contains a reference number at the end, there is a limitation that it is not able to edit in the "Edit table". If users would like to edit the description, they will be required to do so in XML. |
4 | An error occurs when exporting Notes to the financial statements to Excel. The manual table under “ Corporate and group information > information about subsidiaries ” causes this issue. You can't modify the XML due to the table's appearance. However, adjusting the XML as described below will enable successful export to Excel
Original manual table XML:  Modified manual table XML:  |
Features
There are no new features included in this release.
XBRL changes
There is no XBRL for this template.
Impact on existing clients
There are no impacts identified for this release.
Deviations from standard configuration
There are no deviations identified for this release.
Appendix
There are no appendix items for this release.
Known issues
Item ID | Details and Limitations |
|---|---|
1 | For users who would like to work on the 6.29.9459 platform, please note there is a Display setting issue because of the platform error. When viewing notes individually, you will see report elements set to "Never" still appearing in both Preview and Design modes. However, these elements work correctly as expected when you view the full report. |
2 | Grid column headings have a character limitation, allowing up to 60 characters only. Previously, all column headers linked to the grid column. If a column header exceeds 60 characters, remove the link to the grid column and input the complete heading manually. |
Related Content
-
Hong Kong
Format:
Article