99
Financial Report
財務報告
Notes to the financial statements (continued)
財務報表附註（續）
for the year ended 31 March 2015
截至二零一五年三月三十一日止年度
18. FINANCIAL INSTRUMENTS
(continued)
Sensitivity analysis (continued)
The applied change of percentage represented management’s
assessment of the reasonably possible change in stock prices.
The sensitivity analysis above indicates the instantaneous
change in the Council’s deficit for the year and investment
revaluation reserve that would arise assuming that changes in
the market value had occurred at the balance sheet date and
had been applied to re-measure those financial instruments
held by the Council which expose the Council to equity price
risk at balance sheet date. It is also assumed that none of
the Council’s available-for-sale equity securities would be
considered impaired as a result of a decrease in the prices of
respective equity securities and that all other variables remain
constant. The analysis is performed on the same basis for
2014.
Credit risk
As at 31 March 2015, the Council’s maximum exposure to
credit risk which will cause a financial loss to the Council due
to failure to discharge an obligation by the counterparties is
arising from the carrying amount of the respective recognised
financial assets as stated in the statement of financial position.
The Council’s credit risk is primarily attributable to bank
deposits, accounts receivables and investments in debt
securities.
In order to minimise the credit risk, the management of the
Council has delegated a team responsible for determination of
credit limits, credit approvals and other monitoring procedures
to ensure that follow-up action is taken to recover overdue
debts. In addition, the Council reviews the recoverable amount
of each individual trade debt at the end of the reporting period
to ensure that adequate impairment losses are made for
irrecoverable amounts. In this regard, the council members
consider that the Council’s credit risk is significantly reduced.
18.
金融工具（續）
敏感度分析（續）
應用百分比的變動為管理層對
股價作合理可能變動的評估。
上述敏感度分析顯示本局本年
度虧損和投資重估儲備的即時
影響，並假設股本證券的市值於
結算日出現變動，同時應用於重
新計量在結算日本局所持有附
帶權益價格風險的金融工具。此
外，本局亦假設無需因為可供出
售股本證券的市值下跌而計提
減值，而所有其他可變因素則維
持不變。二零一四年的分析是以
相同基礎計算。
信貸風險
於二零一五年三月三十一日，本
局因對方不履行責任而令本局
蒙受財務虧損的最高信貸風險
乃財務狀況表所列明的相關已
確認財務資產的賬面值。
本局所面對的信貸風險主要來
自銀行存款、應收賬款和債務證
券投資。
為盡量降低信貸風險，本局管理
層已委任團隊負責制定信貸額
度、信貸批核及其他監察程式，
確保採取跟進措施以收回逾期
債項。此外，本局於各報告期末
審閱各個別貿易債項的可收回
金額，確保為不可收回金額作出
足夠的減值虧損。就此而言，本
局成員認為本局的信貸風險已
大幅降低。
