貿易通2019 年年報

Notes to the Financial Statements (Continued) 財務報表附註 （續） 二零一九年年報 貿易通電子貿易有限公司 191 26 Financial risk management and fair values (Continued) (c) Interest rate risk (Continued) Sensitivity analysis At 31 December 2019, it is estimated that a general increase/ decrease of 50 basis points in interest rates, with all other variables held constant, would increase/decrease the Group’s profit after tax and retained profits by approximately HK$489,000 (2018: HK$376,000). The fair value reserve in the consolidated equity would decrease/increase by approximately HK$2,526,000 (2018: HK$3,809,000) in response. The sensitivity analysis above indicates the instantaneous change in the Group’s consolidated equity that would arise assuming that the change in interest rates had occurred at the end of the reporting period and had been applied to re- measure those fixed income debt securities held by the Group which expose the Group to fair value interest rate risk at the end of the reporting period. In respect of the exposure to cash flow interest rate risk arising from floating rate bank balances held by the Group at the end of the reporting period, the impact on the Group’s profit after tax (and retained profits) is estimated as an annualised impact on interest income of such a change in interest rates. The analysis is performed on the same basis for 2018 for cash flow interest rate risk. (d) Foreign currency risk The Group is exposed to foreign currency risk primarily through debt securities denominated in United States dollars and investments in PRC incorporated entities. Given the fact that the exchange rates of United States dollars and Hong Kong dollars are currently pegged, management does not expect that there will be any significant currency risk associated with the investment in debt securities denominated in United States dollars. The Group has not hedged the foreign exchange exposure in relation to its investments in PRC incorporated entities. 26 財務風險管理及公允價值 （續） (c) 利率風險（續） 敏感度分析 於二零一九年十二月三十一日，據本集 團估計，如利率整體上調╱下調 50 個基 點，而所有其他不定因素維持不變，將 令本集團的除稅後溢利及保留溢利增加 ╱減少約港幣 489,000 元（二零一八年： 港幣 376,000 元）。綜合權益內的公允價 值 儲 備 將 因 而 減 少 ╱ 增 加 約 港 幣 2,526,000 元（二 零 一 八 年：港 幣 3,809,000 元）。 上述敏感度分析指出本集團的綜合權益 可能產生的即時變動。敏感度分析假設 利率變動於報告期末已經發生，並已用 於重新計量本集團所持有並於報告期末 使本集團面臨公允價值利率風險的固定 收入債務證券。對於由本集團於報告期 末所持有的浮息銀行結餘所產生的現金 流量利率風險，其對本集團除稅後溢利 （及保留溢利）的影響是基於利率變動而 產生的利息收入年化影響作估計。有關 分析按二零一八年的現金流量利率風險 分析的相同基準進行。 (d) 外匯風險 本集團的外匯風險主要源自以美元計值 的債務證券及於中國註冊成立實體的投 資。鑒於現時美元與港元匯率掛鈎，管 理層預期以美元計值的債務證券投資不 會附帶任何重大匯率風險。就本集團於 中國註冊成立實體的投資而言，本集團 並無對沖相關外匯風險。