| (t) | Government grants |
The Group’s government grants are mainly related to the government loans with below-market rate of interest.
Government grants shall only be recognized until there is reasonable assurance that:
| (i) | the Group will comply with all the conditions attaching to them; and |
| (ii) | the grants will be received. |
Government grants that compensate expenses incurred are recognized in the consolidated statement of comprehensive income in the same periods in which the expenses are incurred.
Government grants relating to assets are recognized in deferred revenue and are credited to the consolidated statement of comprehensive income on a straight-line basis over the expected lives of the related assets.