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Interim Report 2016
二零一六年中期報告
11
Management Discussion and Analysis
(Continued)
管理層討論及分析
（續）
Liquidity and Financial Position
As at 30 June 2016, the Group has total cash and bank deposits of HK$51.8
million (31 December 2015: HK$146.2 million). The reduction in the Group’s
cash reserves during the period under review was due to the further investment of
remaining cash in USD-denominated financial assets as a result of the disposal
of RMB-denominated financial assets in December 2015. The amount invested
in other financial assets, which had been classified as non-current assets,
increased from HK$229.4 million as at 31 December 2015 to HK$391.1
million as at 30 June 2016 by HK$161.7 million.
The other financial assets as at 30 June 2016 at HK$391.1 million were fixed
income corporate bonds with maturity dates less than five years. The weighted
average portfolio coupon and yield of the financial assets were about 5.0% and
4.8% respectively. To balance the risks and returns, 70% of the total amount was
invested in investment grade corporate bonds. The remaining 30% was invested
in non-investment grade or non-rated corporate bonds. All of the corporate
bonds in the Group’s portfolio were tradable in open market.
As at 30 June 2016, total assets and net assets of the Group amounted to
HK$554.4 million (31 December 2015: HK$576.7 million) and HK$342.1
million (31 December 2015: HK$360.6 million) respectively. The Group had
net current liabilities of HK$110.7 million as at 30 June 2016 as compared to
net current assets of HK$70.6 million as at 31 December 2015.
As at 30 June 2016, the Group had no borrowings (31 December 2015: Nil).
Capital and Reserves
As at 30 June 2016, the capital and reserves attributable to equity shareholders
were HK$342.1 million (31 December 2015: HK$360.6 million), a reduction
of HK$18.5 million from the end of 2015. The reduction was mainly due to the
distribution of a special dividend of HK$23.0 million in May 2016.
Charges on Assets and Contingent Liabilities
As at 30 June 2016, the Group has obtained three bank guarantees totalling
HK$2.2 million (31 December 2015: three bank guarantees of HK$2.3 million)
issued to the Government for the due performance of services under various
contracts. The bank guarantees are secured by a charge over deposits totalling
HK$3.2 million and are subject to review annually (31 December 2015:
HK$3.8 million).
Other than the foregoing, the Group did not have any other charges on its assets.
Capital Commitments
Capital commitments outstanding as at 30 June 2016 not provided for in the
financial statements amounted to HK$0.9 million (31 December 2015: HK$0.2
million). They are mainly in respect of the purchase of computer equipment.
流動資金與財務狀況
於二零一六年六月三十日，本集團的現金及銀行存款總額
為港幣
51,800,000
元（二零一五年十二月三十一日：港幣
146,200,000
元）。本集團回顧期內現金儲備減少，乃由於
二零一五年十二月出售人民幣計值的財務資產，導致把餘下
現金進一步投資於美元計值的財務資產所致。投資於其他
財務資產的金額分類為非流動資產，由二零一五年十二月
三十一日港幣
229,400,000
元增加港幣
161,700,000
元至
二零一六年六月三十日港幣
391,100,000
元。
於 二 零 一 六 年 六 月 三 十 日 ， 其 他 財 務 資 產 港 幣
391,100,000
元為定息公司債券，於少於五年內到期。財
務資產的加權平均組合票面利率及孳息率分別約為
5.0%
及
4.8%
。為平衡風險與回報，總額的
70%
乃投資於投資級別
債券，而餘下
30%
則投資於非投資級別或沒有評級的公司債
券。本集團投資組合內的所有公司債券均可於公開市場交
易。
於二零一六年六月三十日，本集團的資產總值及資產淨值
分別為港幣
554,400,000
元（二零一五年十二月三十一日：
港幣
576,700,000
元）及港幣
342,100,000
元（二零一五
年十二月三十一日：港幣
360,600,000
元）。於二零一六
年六月三十日，本集團有流動負債淨額港幣
110,700,000
元，而二零一五年十二月三十一日有流動資產淨值港幣
70,600,000
元。
於二零一六年六月三十日，本集團並無借貸（二零一五年
十二月三十一日：無）。
資本與儲備
於二零一六年六月三十日，股權持有人應佔資本及儲備為
港幣
342,100,000
元（二零一五年十二月三十一日：港幣
360,600,000
元），較二零一五年底減少港幣
18,500,000
元，主要由於在二零一六年五月派發特別股息港幣
23,000,000
元所致。
資產抵押及或有負債
於二零一六年六月三十日，本集團向政府提供三項合共
港幣
2,200,000
元的銀行擔保（二零一五年十二月三十一
日：三項港幣
2,300,000
元的銀行擔保），確保根據數份
合約的規定妥善提供服務。上述銀行擔保以押記存款合
共港幣
3,200,000
元（二零一五年十二月三十一日：港幣
3,800,000
元）作為抵押，並每年檢討。
除上述者外，本集團並無任何其他資產抵押。
資本承擔
於二零一六年六月三十日，尚待履行且未於財務報表撥備的
資本承擔為港幣
900,000
元（二零一五年十二月三十一日：
港幣
200,000
元）。該等資本承擔主要與採購電腦設備有關。