# 2. BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

If the Three Customers exercise their rights to issue the rescission notices to the Group, the Group might engage legal counsels to defend the Group through arbitration proceedings concerning about the validity of the rescission notices issued by the Three Customers. If the result of the arbitrations is unfavorable to the Group, the Group will be required to return the abovementioned payments together with the Interests to the Three Customers.

Also, the Directors are of the opinion that, taking into account the measures as above, the Group will have sufficient working capital to meet its financial obligations as they fall due in the next twelve months from this consolidated financial statements were authorised to issue. Accordingly, the Directors believe that the consolidated financial statements should be prepared on a going concern basis. However, the eventual outcome is uncertain, should the going concern assumption be inappropriate, and/or the Group fails to reach agreement with the abovementioned Three Customers and the Group is required to repay all the payments paid to the Group as well as the Interests, adjustments may have to be made to reverse related revenue and cost of sales, to recognise impairment on work in progress vessels, to provide for further foreseeable loss that might arise, and to reclassify non-current assets and non-current liabilities as current assets and current liabilities respectively.

2. 綜合財務報表編製基準（續）

倘三名客戶行使權利向本集團發出撤銷通知，本集團或會聘請法律顧問透過仲裁程序針對三名客戶所發出撤銷通知的有效性為本集團進行抗辯。倘仲裁結果對本集團不利，本集團將須向三名客戶退還上述款項連同利息。

此外，董事認為，經考慮上述措施，本集團將有足夠營運資金履行其自本綜合財務報表獲授權發佈之日起未來十二個月之到期財務責任。因此，董事認為，綜合財務報表應按持續經營基準編製。然而，最終的結果並不明確，倘持續經營假設不適用，及╱或本集團未能與上述三名客戶達成協議，本集團須償還支付予本集團的所有款項以及有關利息，並可能須作出調整，以撥回相關收益及銷售成本，就在造船舶確認減值，就可能產生的進一步可預見虧損計提撥備，以及分別將非流動資產及非流動負債重新分類為流動資產及流動負債。

# 3. APPLICATION OF NEW AND REVISED HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”)

# Amendments to HKFRSs that are mandatorily effective for the current year

In the current year, the Group has applied a number of amendments to HKFRSs issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) that are mandatorily effective for an accounting period that begins on or after 1 January 2016. These amendments have been applied by the Group for the first time in the current year unless otherwise specified. The impacts of these amendments are described below.

<table><tr><td>Amendments to HKFRS 11</td><td>Accounting for Acquisitions of 
Interest in Joint Operations</td></tr><tr><td>Amendments to Hong Kong 
Accounting Standard 
(“HKAS”) 1</td><td>Disclosure Initiative</td></tr><tr><td>Amendments to HKAS 16 
and HKAS 38</td><td>Clarification of Acceptable 
Methods of Depreciation 
and Amortisation</td></tr><tr><td>Amendments to HKAS 16 
and HKAS 41</td><td>Agriculture: Bearer Plants</td></tr><tr><td>Amendments to HKFRS 10, 
HKFRS 12 and HKAS 28</td><td>Investment Entities: Applying 
the Consolidation Exception</td></tr><tr><td>Amendments to HKFRSs</td><td>Annual Improvements to 
HKFRSs 2012-2014 Cycle</td></tr></table>

The application of the amendments to HKFRSs in the current year has had no material impact on the Group’s financial performance and positions for the current and prior years and/or on the disclosures set out in these consolidated financial statements.

3. 採用新訂及經修訂之香港財務報告準則（「香港財務報告準則」）

於本年度強制生效之經修訂香港財務報告準則

於本年度，本集團已採用若干由香港會計師公會（「香港會計師公會」）頒佈之於二零一六年一月一日或之後開始之會計期間強制生效之經修訂香港財務報告準則。除另有說明外，本集團已於本年度首次應用該等修訂本。該等修訂本的影響列述如下。

<table><tr><td>香港財務報告準則
第11號修訂本</td><td>收購合營業務權益的會
計處理方法</td></tr><tr><td>香港會計準則
（「香港會計準則」）
第1號修訂本</td><td>主動披露</td></tr><tr><td>香港會計準則第16號及
香港會計準則第38號
修訂本</td><td>澄清可接受的折舊及攤
銷方法</td></tr><tr><td>香港會計準則第16號及
香港會計準則第41號
修訂本</td><td>農業：生產性植物</td></tr><tr><td>香港財務報告準則
第10號、香港財務報告
準則第12號及香港會計
準則第28號修訂本</td><td>投資實體：應用綜合入
賬例外情況</td></tr><tr><td>香港財務報告準則修訂本</td><td>二零一二年至二零一四
年週期之年度改進</td></tr></table>

於本年度應用經修訂香港財務報告準則對本集團於本年度及過往年度之財務表現及狀況及╱或此等綜合財務報表所載之披露事項概無重大影響。