Page 155 - HKCAAVQ AR 2018-19
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Financial Report ৌਕజѓ
Notes to the Financial Statements (continued)
ৌਕజڌڝൗᚃ
For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ
21. Financial Instruments (continued) 21. ږፄʈՈᚃ
Financial risk management objectives ৌਕࠬᎈ၍ଣͦᅺʿ݁ഄ
and policies (continued) ᚃ
Liquidity risk ݴਗ༟ږࠬᎈ
In the management of the liquidity risk, the Council maintains ఱ၍ଣݴਗ༟ږࠬᎈϾԊd͉҅ᆽ
sufficient reserves of cash and readily realisable marketable ڭܵϞԑٙତږᎷ௪e̙ᎇࣛ
securities and adequate committed lines of funding from major ᜊତ̙ٙᔷᜫᗇՎʿ˴ࠅৌਕ
financial institutions to meet its liquidity requirements in the short ዚ௪Ϟԑוፕʘፄ༟ᕘܓd
and long term. ˸တԑ࿁ݴਗ༟ږಂʿڗಂʘ
ࠅӋf
At the end of the reporting period, the Council’s remaining జѓಂ͋d͉҅ږፄࠋවٙቱɨ
contractual maturity for its financial liabilities is mainly repayable ΥߒՑಂ˴ࠅՉజѓಂ͋ৎܲ
on demand or within three months from the end of respective ࠅӋאɧࡈ˜ʫᎵᒔf͉҅ϓࡰႩ
reporting periods. In the opinion of council members, the މdږፄࠋවሪࠦ࠽ձ࣬ኽ͉҅௰
difference between the carrying amounts of the financial Ϙ˚Ꮅᒔ͊ұତତږʘࢨᕘމʔ
liabilities and the undiscounted cash flows based on the ࠠɽdΪϤdӚϞΎආɓӉٙʱؓ
earliest date on which the Council can be required to pay is not яΐf
significant and therefore, no further analysis is presented.
Hong Kong Council for Accreditation of Academic and Vocational Qualifications 155
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
