102
Financial Report
財務報告
102
Notes to the Financial Statements (continued)
財務報表附註（續）
For the year ended 31 March 2016
截至二零一六年三月三十一日止年度
18. FINANCIAL INSTRUMENTS
(continued)
Financial risk management objectives and
policies
The Council’s major financial instruments include held-to-
maturity investment, available-for-sale investments, accounts
and other receivables, bank deposits and cash and other
payables. Details of these financial instruments are disclosed in
the respective notes. The risks associated with these financial
instruments include market risk (other price risk), credit risk and
liquidity risk. The policies on how to mitigate these risks are
set out below. The management manages and monitors these
exposures to ensure appropriate measures are implemented on
a timely and effective manner.
Market risk
Other price risk
The Council is exposed to equity price change risk arising from
its available-for-sale equity security listed in Hong Kong as
disclosed in note 10.
The Council’s equity investment is company listed on the Stock
Exchange of Hong Kong. This equity investment has been
chosen based on their longer term growth potential and are
monitored regularly for performance against expectations.
Sensitivity analysis
The sensitivity analyses below have been determined based on
the exposure to equity price risks at the reporting date.
If the prices of the respective equity instruments had been 10%
(2015: 10%) higher/lower and all other variables held constant,
the investment revaluation reserve would increase/decrease by
HK$1,227,215 (2015: increase/decrease by HK$1,474,990)
for the Council as a result of the changes in fair value of the
available-for-sale investments.
18.
金融工具（續）
財務風險管理目標及政策
本局的主要金融工具包括持有至
到期投資、可供出售投資、應收
賬款及其他應收款項、銀行存款
及現金及其他應付款項。該等金
融工具的詳情於各相關附註披
露。與該等金融工具有關的風險
包括市場風險（其他價格風險），
信貸風險及流動資金風險。有
關如何降低該等風險的政策列載
如下。管理層管理及監控該等風
險，以確保可及時和有效地採取
適當措施。
市場風險
其他價格風險
根據附註
10
披露，本局需要就上
市可供出售股本證券承擔證券價
格變動風險。
本局的股本證券投資乃是於香港
聯合交易所上市的公司。本局在
挑選這些投資時會考慮投資的長
期增長潛力，並定期監察其表現。
敏感度分析
以下的敏感度分析乃根據報告期
末所承受的價格風險而釐定。
倘有關權益工具的價格上升╱下
跌
10%
（二零一五年：
10%
）及假
設其他所有因素維持不變，本局
的投資重估儲備會因可供出售投
資的公允值變動而上升╱下跌港
幣
1,227,215
元（二零一五年：上
升╱下跌港幣
1,474,990
元）。