Page 96 - Annual_Report_2020_2021
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are

                             2020   HK$   1,591,529   75,036   167,193   2,561   1,836,319   2020   HK$   169,754   1,405,561   1,575,315


                         (b)  Amounts recognised in the statement of profit or loss and other comprehensive income

                                                                       Rental  contracts
                             2021   HK$   1,585,042   60,615   185,844   1   1,831,502      2021   HK$      185,845   707,160   893,005   properties.


                                                                 warehouse






                                                                 and   office  Termination options are included in a number of property leases. These are used to  maximise operational flexibility in terms of managing the assets used in the Agency’s  Lease terms are negotiated on an individual basis and contain a wide range of different  terms and conditions. The lease agreements do not impose any covenants other than  the security interests in the leased assets that are h

           AGENCY FOR VOLUNTEER SERVICE     NOTES TO THE FINANCIAL STATEMENTS  FOR THE YEAR ENDED 31 MARCH 2021  Right-of-use assets and lease liabilities (continued)           Depreciation of right-of-use assets  Interest expenses on lease liabilities   Expenses related to short-term leases  Expenses related to leases of low-value   assets      (c)  Cash outflow for leases            Within operating activities  Within financing activities        (d)     The Agency’s lea














                       11.









                                     2020   HK$      2,793,330   1,434,754    (1,591,529)       2,636,555   2020   HK$      2,793,330   1,434,754   75,036   (1,405,561)       2,897,559   (1,667,109)       1,230,450
                                                         The carrying amounts of the lease liabilities and the movements during the year are as
                                The carrying amounts of the Agency’s right-of-use assets of buildings and the movements




                                     2021   HK$      2,636,555   367,207   (1,585,042)       1,418,720   2021   HK$   2,897,559   367,207   60,615   (1,780,140)      1,545,241   (1,265,677)      279,564



                         (a)    Amounts recognised in the statement of financial position




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           AGENCY FOR VOLUNTEER SERVICE     NOTES TO THE FINANCIAL STATEMENTS  FOR THE YEAR ENDED 31 MARCH 2021  Right-of-use assets and lease liabilities    Right-of-use assets       during the year are as follows:               Balance brought forward   Additions  Depreciation for the year     Balance carried forward   Lease liabilities      follows:               Balance brought forward   Additions   Interest expenses   Payments     Balance carried forward  Less: curre















                       11.
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