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Annual Report 2016
二零一六年年報
139
Notes to the Financial Statements
財務報表附註
26 Financial risk management and fair values
(continued)
(a) Credit risk (continued)
At the end of the reporting period, the Group does not have any
significant concentration of credit risk. The maximum exposure to
credit risk is represented by the carrying amount of each financial
asset in the statement of financial position. The Group does not
provide any other guarantees which would expose the Group to
credit risk.
Further quantitative disclosures in respect of the Group’s exposure
to credit risk arising from trade and other receivables are set out in
Note 19
.
(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 2016, the Group’s current liabilities of
HK$210,824,000, including trade creditors, accounts payable and
other payables of HK$207,683,000 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.
26
財務風險管理及公允價值（續）
(a)
信貸風險（續）
於報告期末，本集團並無高度集中的信貸風險。
信貸風險的最高金額已於財務狀況表中按各項財
務資產的賬面值呈列。本集團並無提供任何其他
將會令致本集團承受信貸風險的擔保。
有關本集團來自應收賬款及其他應收款項的信貸
風險的進一步量化披露資料，載於
附註
19
。
(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。
於二零一六年十二月三十一日，本集團的流動
負債為港幣
210,824,000
元（包括
附註
21
所示
的應付賬款、應付款項及其他應付款項港幣
207,683,000
元），其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。