貿易通2018年年報
199 二零一八年年報 貿易通電子貿易有限公司 Notes to the Financial Statements (Continued) 財務報表附註 (續) 26 財務風險管理及公允價值 (續) (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。 於二零一八年十二月三十一日,本集團 的流動負債為港幣 197,463,000 元。除提 前計費港幣 836,000 元外, 附註 21 所示的 所有應付款項、合約負債及其他應付款 項港幣 193,386,000 元,須於下一個財政 年度內或按要求償還或確認為收益。本 集團董事經考慮下列各項後認為,本集 團會有足夠資金應付到期債務: i. 本集團將繼續產生正面經營現金 流;及 ii. 預期報告期末起計十二個月內概無 重大客戶按金須予退還。 (c) 利率風險 利率風險為金融工具的公允價值或未來 現金流量將因市場利率變動的波動的風 險。本集團的利率風險主要來自其於固 定收入債務證券的投資( 附註 18 )及浮息 銀行結餘,其令本集團須承受公允價值 利率風險及現金流量利率風險。 26 Financial risk management and fair values (Continued) (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 2018, the Group’s current liabilities was HK$197,463,000. Except for billings in advance of HK$836,000, all trade creditors, contract liabilities and other payables of HK$193,386,000 as indicated in Note 21 , were due to be repaid or recognised as income during the next financial year or repayable upon demand. The directors of the Group are of the opinion that the Group would have sufficient funds to meet its obligations as and when they fall due, having regard to the following: i. The Group will continue to generate positive operating cash flows; and ii. it is not expected that significant customer deposits are required to be refunded in the next twelve months from the end of the reporting period. (c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Group’s interest rate risk arises primarily from investments in fixed income debt securities ( Note 18 ) and floating rate bank balances, which expose the Group to fair value interest rate risk and cash flow interest rate risk.
Made with FlippingBook
RkJQdWJsaXNoZXIy MzY1NDE3