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Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
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Management Discussion & Analysis
管理層討論及分析
Capital and Reserves
As at 31 December 2015, the capital and reserves attributable to
shareholders stood at HK$360.6 million (2014: HK$377.1 million). The
reduction in capital and reserves was due to the payment of 100% of the
Group’s 2014 distributable profit and the payment of a special dividend
at the amount of HK$29.4 million as approved by the shareholders at the
annual general meeting on 8 May 2015.
Charges on Assets and Contingent Liabilities
As at 31 December 2015, the Group had three bank guarantees
totaling HK$2.3 million (2014: HK$2.6 million) and nil performance
bonds (2014: two performance bonds totaling HK$0.7 million) issued
to the Government for the due performance by the Group pursuant to
the terms of the contracts with the Government. The bank guarantees
and performance bonds are secured by a charge over deposits totaling
HK$3.8 million (2014: HK$3.8 million).
Other than the foregoing, the Group had no other charges on its assets.
Capital Commitments
Capital commitments outstanding as at end of 2015 not provided for in
the financial statements amounted to HK$0.2 million (2014: HK$1.8
million), mainly in respect of the purchases of computer equipment for
the Group.
Exposure to Fluctuation in Exchange Rates and
Related Hedges
As at 31 December 2015, the Group had exposures to foreign exchange
risk through investments in the available-for-sale debt securities
denominated in US dollars and investments in PRC established entities.
The US dollars are pegged and do not expect to have significant currency
risk. The Group has not hedged the foreign exchange exposure of in
connection with the investments in PRC established entities.
Audit Committee
The Audit Committee has reviewed the Group’s accounting policies and
the financial statements for the year ended 31 December 2015. It also
had independent discussions with the internal auditor and the external
auditor, KPMG, without the presence of the management team.
資本與儲備
於二零一五年十二月三十一日，股東應佔資本及
儲備為港幣
360,600,000
元（二零一四年： 港幣
377,100,000
元），減少是由於派付本集團二零一四
年
100%
的可供分派溢利及按股東於二零一五年五月
八日召開的股東週年大會所批准派付特別股息港幣
29,400,000
元。
資產抵押及或有負債
截至二零一五年十二月三十一日，本集團向政府提供
三項銀行擔保（總額港幣
2,300,000
元（二零一四年：
港幣
2,600,000
元））及零項履約擔保（二零一四年：
兩項履約擔保共計港幣
700,000
元），確保本集團妥
善履行與政府訂立的合約條款。銀行擔保及履約擔
保以存款（總額港幣
3,800,000
元（二零一四年：港幣
3,800,000
元））的押記作為擔保。
除上述者外，本集團並無任何其他資產抵押。
資本承擔
於二零一五年末，尚待履行並未於財務報表撥備
的資本承擔為港幣
200,000
元（二零一四年：港幣
1,800,000
元），主要與本集團採購電腦設備有關。
匯率波動風險及相關對沖工具
於二零一五年十二月三十一日，本集團外匯風險主要
來自可供出售美元債務證券投資及於國內的股權投
資。由於港元與美元掛鈎，故預期並無重大貨幣風
險。國內股權投資方面，本集團並無對沖外匯風險。
審核委員會
審核委員會已審閱本集團的會計政策及截至二零一五
年十二月三十一日止年度的財務報表。此外，審核委
員會與內部核數師及外聘核數師畢馬威會計師事務所
曾在沒有管理團隊成員出席的情況下，進行獨立討
論。