103
Financial Report
財務報告
103
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 (continued)
Market risk (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 surplus (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 security would
be considered impaired as a result of a decrease in the prices
of respective equity security and that all other variables remain
constant. The analysis is performed on the same basis for
2015.
Credit risk
As at 31 March 2016, 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）
財務風險管理目標及政策
（續）
市場風險（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盈餘
（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。二零一五年的分析是以相同
基礎計算。
信貸風險
於二零一六年三月三十一日，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。