Page 150 - HKCAAVQ AR 2018-19

Financial Report ৌਕజѓ

Notes to the Financial Statements (continued)
ৌਕజڌڝൗ€ᚃ

For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ

21. Financial Instruments (continued) 21. ږፄʈՈ€ᚃ

Financial risk management objectives ৌਕࠬᎈ၍ଣͦᅺʿ݁ഄ
and policies

The Council’s major financial instruments include debt ͉҅ٙ˴ࠅږፄʈՈܼ̍ܵϞЇ
instruments classified as financial assets at amortised cost, ܲᛅቖϓ͉ࠇඎږፄ༟ପʱᗳٙ
accounts and other receivables, bank deposits and cash වਕʈՈeᏐϗሪಛʿՉ˼Ꮠϗಛ
and other payables. Details of these financial instruments are ධeვБπಛʿତږʿՉ˼Ꮠ˹ಛ
disclosed in the respective notes. The risks associated with ධf༈ഃږፄʈՈٙ༉ઋ׵΢޴ᗫ
these financial instruments include market risk (currency risk), ڝൗמᚣfၾ༈ഃږፄʈՈϞᗫٙ
credit risk and liquidity risk. The policies on how to mitigate ࠬᎈܼ̹̍ఙࠬᎈ€̮࿆ࠬᎈd
these risks are set out below. The management manages and ڦ൲ࠬᎈʿݴਗ༟ږࠬᎈfϞᗫ
monitors these exposures to ensure appropriate measures are νОࠥЭ༈ഃࠬᎈٙ݁ഄΐ༱ν
implemented on a timely and effective manner. ɨf၍ଣᄴ၍ଣʿ္છ༈ഃࠬᎈd
˸ᆽڭ̙ʿࣛձϞࣖήમ՟ቇ຅
ણ݄f

Market risk ̹ఙࠬᎈ

Currency risk ̮࿆ࠬᎈ

The Council has the foreign currency denominated debt ͟׵͉҅ኹϞ˸̮࿆ࠇᄆٙʱᗳ
instruments classifies as financial assets at amortised cost, މܲᛅቖϓ͉ࠇඎږፄ༟ପٙව
which expose the Council to foreign currency risk. The Council ਕʈՈdΪϾࠦ࿁̮ිࠬᎈfᒱ್
currently does not have a foreign currency hedging policy. ͉҅ͦۃӚϞ̮ි࿁ә݁ഄfШϞ
However, the management monitors foreign exchange exposure ცࠅࣛd၍ଣᄴึ࿁̮ිࠬᎈ੗ʲ
should the need arise. ္ຖf

The carrying amounts of the Council’s foreign currency జѓಂ͋d͉҅˸̮࿆ࠇᄆٙ஬࿆
denominated monetary asset at the end of the reporting period ༟ପሪࠦ࠽νɨj
are as follows:

Assets
༟ପ
2019 2018
HK$ ಥ࿆ HK$ ಥ࿆

United States dollars (“USD”) ߕʩ 39,995,060 8,345,317

150 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅