104
Financial Report
財務報告
104
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)
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 40% and 82% (2015: 24% and 78%) 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）
財務風險管理目標及政策
（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
40%
及
82%
（二零一五年：
24%
及
78%
）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。