Page 102 - Annual_Report_2020_2021

(2020:

HK$85,246 Effective for annual periods beginning on or 1 January 2022 1 January 2021 No mandatory effective date yet determined but available for adoption 1 January 2023 1 January 2022 1 January 2022 1 January 2022

of after
equipment

and
plant property, of HK$190,135) were made with funding from HAB Subvention Reserve. Possible impact of amendments, new standards and interpretations issued but not yet HKFRSs that have been issued but are not yet effective for the year include the following HKFRSs which may be relevant to the Agency’s operations and financial statements: Contribution of Assets between an Investor and its Associate Amendments to HKAS 1, Classification of Liab

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Note to Statement of cash flows 26. purchases year, the During 27. effective for the year Amendments to HKFRS 3, Reference to the Conceptual Framework Amendments to HKFRS 9, HKAS 39, HKFRS 7, HKFRS 4 and HKFRS 16, Interest Rate Benchmark Reform - Phase 2 Amendments to HKFRS 10 and HKAS 28 (2011), Sale or or Joint Venture Non-cur

No director of the Agency had a material interest, directly or indirectly, in any significant
There are no loans, quasi-loans or other dealings in favour of the directors, their controlled
transactions, arrangements and contracts in relation to the Agency’s operation to which the
Agency was or is a party that subsisted at the end of the year or at any time during the year.
2020 HK$ 3,463,400 281,398 (3,289) 3,741,509 2020 HK$ 92,222
The future aggregate minimum lease payments under non-cancellable operating leases as at
HAB in relation to the 6 th round of the UNV-Hong Kong Universities Volunteer Internship
Receipt in advance at 31 March 2021 included an amount of HK$4,677,684 received from

2021 HK$ 3,586,108 282,502 3,663 3,872,273 2021 HK$ 92,924

46

AGENCY FOR VOLUNTEER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 HAB subvention reserve The reserve represented subvention fund balance from the HAB. Receipts in advance Programme. The programme was deferred due to COVID-19. Key management personnel’s remuneration of the Agency Salaries Provident fund Provision for employee benefit obligations bodies corporate and connected entities. (2020: Nil) (2020: Nil)

22. 23. 24. (a) (b) 25.