貿易通 2020 年年報

194 Notes to the Financial Statements (Continued) 財務報表附註（續） Tradelink Electronic Commerce Limited Annual Report 2020 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 其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。 於二零二零年十二月三十一日，本 集團的流動負債為港幣 196,539,000 元。除 合 約 負 債 港 幣 15,335,000 元 外， 附註 21 所示的所有應付賬款及其 他應付款項港幣 180,978,000 元，須 於下一個財政年度內到期或按要求 償還。本集團將以內部資源處理此 合約到期日固有的短期流動資金需 要。 (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而 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。 敏感度分析 於二零二零年十二月三十一日，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 4,001,000 元（二 零 一 九 年：港 幣 489,000 元）。綜合權益內的公允價值 儲 備 將 因 而 減 少 ╱ 增 加 約 港 幣 565,000 元（二 零 一 九 年：港 幣 2,526,000 元）。 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 2020, the Group’s current liabilities was HK$196,539,000. Except for contract liabilities of HK$15,335,000, all trade creditors and other payables of HK$180,978,000 as indicated in Note 21 , were due to be repaid 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. (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. Sensitivity analysis At 31 December 2020, 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$4,001,000 (2019: HK$489,000). The fair value reserve in the consolidated equity would decrease/ i n c r e a s e b y app r o x ima t e l y HK$565 , 000 (2019 : HK$2,526,000) in response.