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Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
120
Notes to the Financial Statements
財務報表附註
26 Financial risk management and fair values
(continued)
(a) Credit risk (continued)
Investments in debt securities are normally in liquid securities
quoted on a recognised stock exchange, issued by corporate with
sound credit standing
(Note 18)
. Given their high credit standing,
management does not expect any investment counterparty to fail
to meet its obligations. Nevertheless, the Group’s financial advisor
monitors the situation and will notify the Group of any change. In
addition, the Investment Committee undertakes annual reviews of
the Group’s exposures.
The Group’s exposure to credit risk from trade receivables is
influenced mainly by the individual characteristics of each customer
rather than the industry or country in which the customers operate
and therefore significant concentrations of credit risk primarily arise
when the group has significant exposure to individual customers.
At the end of the reporting period, 6.9% (2014: 0.2%) and 20.0%
(2014: 15.6%) of the total trade receivables was due from the
Group’s largest customer and the five largest customers respectively.
At the end of the reporting period, the Group does not have any
significant concentration of credit risk. The maximum exposure to
credit risk is represented by the carrying amount of each financial
asset in the statement of financial position. The Group does not
provide any other guarantees which would expose the Group to
credit risk.
Further quantitative disclosures in respect of the Group’s exposure
to credit risk arising from trade and other receivables are set out in
Note 19
.
(b) Liquidity risk
All cash management of the Group, including the short term
investment of cash surpluses and raising of loans, if needed, to
cover expected cash demands, are managed centrally by the
Company. The Group’s policy is to regularly monitor current and
expected liquidity requirements and its compliance with lending
covenants, to ensure that it maintains sufficient reserves of cash and
readily realisable marketable securities and adequate committed
lines of funding from major financial institutions to meet its liquidity
requirements in the short and longer term.
At 31 December 2015, the Group’s current liabilities of HK$212,531,000,
including trade creditors, accounts payable and other payables of
HK$211,740,000 as indicated in
Note 21
, were due to be repaid
or recognised as income during the next financial year or repayable
upon demand. The Group will address the short-term liquidity
requirement inherent in this contractual maturity date with internal
resources.
26
金融風險管理及公平值（續）
(a)
信貸風險（續）
本集團的債務證券投資一般為於認可證券交易所
掛牌買賣，並由信貸評級良好的公司發行的流通
證券
（附註
18
）
。鑑於投資對手方具有高信貸評
級，管理層並不預期任何投資對手方會無法履行
責任。然而，本集團財務顧問會監察情況，如有
任何變動，將通知本集團。此外，投資委員會每
年檢討本集團風險。
本集團來自應收帳款的信貸風險主要受各客戶的
個別特性所影響而非客戶經營業務所在的行業或
國家所影響，因此信貸風險高度集中的情況主要
發生於本集團對個別客戶有重大風險承擔時產
生。於報告期末，
6.9%
（二零一四年：
0.2%
）及
20.0%
（二零一四年：
15.6%
）的應收賬款總額分
別為應收本集團的最大客戶及五大客戶的款項。
於報告期末，本集團並無高度集中的信貸風險。
信貸風險的最高金額已於財務狀況表中按各項財
務資產的賬面值呈列。本集團並無提供任何其他
將會令致本集團承受信貸風險的擔保。
有關本集團來自應收賬款及其他應收款項的信貸
風險的進一步量化披露資料，載於
附註
19
。
(b)
流動資金風險
本集團的所有現金管理工作（包括現金盈餘的短期
投資及籌借貸款（如有需要）以應付預期現金需求）
均由本公司中央管理。本集團的政策是定期監察
即期及預期流動資金需求以及其對借貸契諾的遵
行情況，確保集團備有充裕的現金儲備與可變現
有價證券，以及從主要財務機構取得足夠的承諾
信貸融資，以應付其短期及長期流動資金需求。
於二零一五年十二月三十一日，本集團的流動
負債為港幣
212,531,000
元（包括
附註
21
所示
的應付賬款、應付款項及其他應付款項港幣
211,740,000
元），其須於下一個財政年度內或按
要求償還或確認為收益。本集團將於合約到期日
以內部資源應付固有短期流動資金需求。