100
財務報告
Financial Report
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)
Credit risk (continued)
The Council’s exposure to credit risk is influenced mainly by
the individual characteristics of each customer. At the end of
the reporting period, the Council had a certain concentration
of credit risk as 24% and 78% (2014: 20% and 81%) of the
total accounts receivables that were due from the largest
customer and the five largest customers.
Bank deposits are normally placed with financial institutions
which have good credit ratings. Investments in debt securities
are with counterparties of sound credit ratings. Given their high
credit ratings, management does not expect any investment
counterparty to fail to meet its obligations.
Liquidity risk
In the management of the liquidity risk, the Council 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 long term.
At the end of the reporting period, the Council’s remaining
contractual maturity for its financial liabilities is mainly
repayable on demand or within three months from the end
of respective reporting periods. In the opinion of council
members, the difference between the carrying amounts of
the financial liabilities and the undiscounted cash flows based
on the earliest date on which the Council can be required
to pay is not significant and therefore, no further analysis is
presented.
18.
金融工具（續）
敏感度分析（續）
信貸風險（續）
本局面臨的信貸風險主要受到
每名客戶的狀況所影響。於報
告期末，本局存在集中信貸風
險，即
24%
及
78%
（二零一四年：
20%
及
81%
）的總應收賬款是分
別來自最大及五大客戶。
銀行存款通常存放於具備良好
信貸評級的財務機構。本局的債
務證券投資存放於具備良好信
貸評級的交易對手。基於其良好
的信貸評級，管理層並不認為這
些交易對手會不履行其償付責任。
流動資金風險
就管理流動資金風險而言，本局
確保持有足夠的現金儲備、可隨
時變現的可轉讓證券及於主要
財務機構備有足夠承諾之融資
額度，以滿足對流動資金短期及
長期之要求。
於報告期末，本局金融負債的餘
下合約到期主要於其報告期末
起按要求或三個月內償還。本局
成員認為，金融負債賬面值和根
據本局最早日償還未折現現金
之差額為不重大，因此，沒有再
進一步的分析呈列。
