CRITERIA

General

1. Conformity with the requirements of the relevant financial reporting standards, including
Hong Kong Financial Reporting Standards / International Financial Reporting Standards
/ China Accounting Standards for Business Enterprises; and the provision of accounting
information over and above the requirements
2. a. Conformity with the disclosure requirements of the Hong Kong Stock Exchange
and Hong Kong Companies Ordinance
  b. Provision of information relating to environmental, social and governance
3. a. General presentation such as design, general layout, photographs, graphs, charts,
diagrams and indexing
  b. Understandability, clarity and conciseness
4. Summary of past results and highlights
5. Management discussion and analysis
  a. General description of business
  b. Analysis of assets/liabilities
  c. Analysis of income/expenses
6. Indications of prospects / Forward looking statements
7. Promptness of reporting
8. Accessibility of the annual report on the organization’s website
 

Non-profit Making and Charitable Organizations

1. General presentation of financial statements
  a. Balance sheets
  b. Income statements
  c. Cash flow statements
  d. Details of revenue and expenses
2. Provision of information relating to environmental, social and governance
3. a. General presentation such as design, general layout, photographs, graphs, charts,
diagrams and indexing
  b. Understandability, clarity and conciseness
4. Purpose, general description of activities and performance
5. Indications of prospects/ Forward looking statements
6. Promptness of reporting
7. Accessibility of the annual report on the organization's website

Note : In both categories, it is considered helpful that the annual reports and financial
statements be available in both English and Chinese.