貿易通 2020 年年報

Management Discussion and Analysis (Continued) 管理層討論及分析（續） 34 Tradelink Electronic Commerce Limited Annual Report 2020 財務回顧（續） 持有的重大投資（續） 投資詳情如下： (i) 透過其他全面收益按公允價值計量的上市 債務證券 於二零二零年十二月三十一日，本集團持 有透過其他全面收益按公允價值計量的上 市債務證券為 9 項以美元計值的企業債券， 主要由香港上市公司或其附屬公司發行， 涉及房地產、其他工業、商業金融、人壽保 險及醫療消耗品等多個行業。於二零二零 年十二月三十一日，每項投資的面值介乎 1,000,000 美元至 3,000,000 美元，該等債券 的公允價值總計為港幣 104,200,000 元（佔本 集團資產總值的 17.8% ），票面息率介乎每 年 2.375% 至 6.9% 。 6 項企業債券將於二零二一年到期， 3 項企 業債券將於二零二三年至二零二五年到 期。於二零二零年十二月三十一日，賬面 總值的 66% （二零一九年十二月三十一日： 65% ）投資於投資級別企業債券，而餘下 34% （二零一九年十二月三十一日： 35% ） 則投資於非投資級別或沒有評級的企業債 券。於二零二零年十二月三十一日持有的 所有企業債券均可於公開市場交易。 年內透過其他全面收益按公允價值計量的 上市債務證券產生了港幣 8,500,000 元的利 息收入。另一方面，本集團於年內錄得出 售企業債券的虧損淨額為港幣 9,700,000 元，以降低其在個別債券中的風險，並減 輕債券價格潛在大幅波動的風險。年內到 期及處置的透過其他全面收益按公允價值 計量的上市債務證券分別為港幣 38,600,000 元及港幣 191,000,000 元，每次發行的處置 面值均不超過 3,000,000 美元。 Financial Review (Continued) Significant Investments Held (Continued) The details of the investments were as below: (i) Listed debt securities measured at FVOCI The listed debt securities measured at FVOCI held by the Group as at 31 December 2020 were 9 USD-denominated corporate bonds issued mainly by Hong Kong listed companies or their subsidiaries, covering various industry sectors including real estate, industrial other, commercial finance, life insurance and medical consumables. As at 31 December 2020, the nominal value of each investment ranged from US$1 million to US$3 million and the aggregate fair value of these bonds were HK$104.2 million (accounting for 17.8% of the Group’s total assets) with coupon rates ranging from 2.375% to 6.9% per annum. 6 corporate bonds will mature in 2021 and 3 corporate bonds will mature between 2023 and 2025. As at 31 December 2020, 66% (31 December 2019: 65%) of the total carrying amount was invested in investment grade corporate bonds. The remaining 34% (31 December 2019: 35%) was invested in non-investment grade or non-rated corporate bonds. All corporate bonds held as at 31 December 2020 were tradable in open market. Interest income of HK$8.5 million was generated by the listed debt securities measured at FVOCI for the year. On the other hand, the Group recorded a net loss on disposal of corporate bonds amounting to HK$9.7 million during the year in order to lower the its exposure in individual bonds and to mitigate the risk of potential high volatility of bond prices. The listed debt securities measured at FVOCI matured and disposed of during the year were HK$38.6 million and HK$191.0 million respectively with the disposal for each issue of no more than US$3 million nominal value.