Page 135 - 地產代理監管局年報 2017/18 Estate Agents Authority Annual Report 2017/18

ৌਕజڌ Financial Statements

16. ږፄʈՈ€ᚃ 16. Financial Instruments (Continued)

b. ږፄࠬᎈ၍ଣͦᅺʿ݁ഄ b. Financial risk management objectives
and policies
္၍҅ʘ˴ࠅږፄʈՈܼ̍Ꮠϗሪಛe EAA’s major financial instruments include debtors, time
֛ಂπಛeვБഐቱeତږʿᏐ˹ሪ deposits, bank balances and cash and creditors. Details
ಛf༈ഃږፄʈՈ༉ઋ׵΢Іڝൗמ of the financial instruments are disclosed in respective
ᚣf༈ഃږፄʈՈʘ޴ᗫࠬᎈܼ̹̍ఙ notes. The risks associated with these financial
ࠬᎈ€ܼ̍лଟࠬᎈeڦ൲ࠬᎈʿݴਗ instruments include market risk (including interest rate
༟ږࠬᎈfνОಯჀ༈ഃࠬᎈٙ݁ഄ༱ risk), credit risk and liquidity risk. The policies on how to
׵ɨ˖f၍ଣᄴ၍ଣʿ္છ༈ഃࠬᎈd mitigate these risks are set out below. Management
˸ᆽڭ̙ʿࣛʿϞࣖήྼ݄ቇ຅ણ݄f manages and monitors these exposures to ensure that
appropriate measures are implemented in timely and
effective manner.

̹ఙࠬᎈ Market risk
ତږݴඎлଟࠬᎈ Cash flow interest rate risk
္၍҅Ϊࠇࢹږፄ༟ପлଟᜊਗٙᅂᚤ EAA is exposed to cash flow interest rate risk through
Ͼࠦ࿁ତږݴඎлଟࠬᎈfࠇࢹږፄ༟ the impact of rate changes on interest bearing financial
ପ˴ࠅމვБഐቱdΌ᙮೵ಂ׌ሯfΪ assets. Interest bearing financial assets are mainly
Ϥd͊Ը΂Олଟᜊਗਗ਼ʔึ࿁္၍҅ balances with banks which are all short term in nature.
ʘุᐶிϓࠠɽᅂᚤf Therefore, any future variation in interest rates will not
have a significant impact on the results of EAA.

ڦ൲ࠬᎈ Credit risk
ڦ൲ࠬᎈܸʹ׸࿁˓ʚ͊ঐᄵБΥߒப Credit risk refers to the risk that the counterparty will
΂Ͼˏߧ္၍҅ႆաৌਕฦ̰ʘࠬᎈf default on its contractual obligations resulting in
္၍҅ึܵᚃ္છʿᄲࣨΪ࿁˓Ͼࠦ࿁ financial loss to EAA. EAA’s exposure of its
ʘڦ൲ࠬᎈf counterparties are continuously monitored, received
and approved.

މəኋඎಯЭڦ൲ࠬᎈd္၍҅׵ӊࡈ In order to minimise the credit risk, EAA reviews the
ഐၑ˚ఱᏐϗಛධʘ̙ϗΫږᕘආБᏨ recoverable amount of the receivables at the end of
ীd˸ᆽڭ࿁ʔ̙ϗΫږᕘ̂ʱࠇၑಯ each reporting period to ensure that adequate
࠽ฦ̰fఱϤϾԊd္၍҅ႩމՉڦ൲ impairment losses are made for irrecoverable amounts.
ࠬᎈʊɽషࠥЭf In this regard, EAA considers that EAA’s credit risk is
significantly reduced.

֛ಂπಛʿݴਗ༟ږʘڦ൲ࠬᎈʔɽd The credit risk on time deposits and liquid funds is
ࡡΪ݊ʹ׸࿁˓މՈԄλᑊᚑʘვБf limited because the counterparties are banks with good
reputation.

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