貿易通 2020 年年報

二零二零年年報 貿易通電子貿易有限公司 195 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） (c) 利率風險（續） 敏感度分析（續） 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。有關分析按二零一九年的現 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 計值的其他財務資產及於中國成立 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 貨幣風險。就本集團於中國成立實 體的投資而言，本集團並無對沖相 關外匯風險。 26 Financial risk management and fair values (Continued) (c) Interest rate risk (Continued) Sensitivity analysis (Continued) 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 2019 for cash flow interest rate risk. (d) Foreign currency risk The Group is exposed to foreign currency risk primarily through other financial assets denominated in United States dollars and investments in PRC established 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 established entities.