Page 136 - 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€ᚃ b. Financial risk management objectives
and policies (Continued)
ݴਗ༟ږࠬᎈ Liquidity risk
္၍҅၍ଣᄴ࿁ݴਗ༟ږࠬᎈࠋϞ௰୞ Ultimate responsibility for liquidity risk management
၍ଣப΂d־ഃʊఱ္၍҅ʘ೵ಂeʕ rests with management of EAA, which has built an
ಂʿڗಂ༟ږʿݴਗ༟ږ၍ଣ஝֛ܔͭ appropriate liquidity risk management framework for
ቇ຅ʘݴਗ༟ږࠬᎈ၍ଣ࣪ݖf္၍҅ the management of EAA’s short, medium and long-
၍ଣᄴீཀၪܵԑ੄Ꮇ௪˸ʿܵᚃ္࿀ term funding and liquidity management requirements.
ཫ಻ʿྼყତږݴඎd˸၍ଣݴਗ༟ږ Management of EAA manages liquidity risk by
ࠬᎈf maintaining adequate reserves and continuously
monitors the forecast and actual cash flows.

ɨڌ༱ΐ္၍҅ڢࠃ͛ږፄࠋවʘቱɨ The following table details EAA’s remaining contractual
ΥߒՑಂ˚f༈ڌɗ࣬ኽ္၍̙҅஗ࠅ maturity for its non-derivative financial liabilities on the
Ӌ˕˹ږፄࠋවʘ௰Ϙ˚ಂᇜႡd˸ˀ agreed repayment terms. The table has been drawn up
݈ږፄࠋවʘ͊൨ତତږݴඎf based on the undiscounted cash flows of financial
liabilities based on the earliest date on which EAA can
be required to pay.

̋ᛆ̻ѩ ͊൨ତତږ
ྼყлଟ 0Ї30˂ 31Ї60˂ ݴඎᐼᕘ ሪࠦ࠽
Weighted
average Total
effective 0–30 31–60 undiscounted Carrying
interest rate days days cash flows amount
% ಥʩ ಥʩ ಥʩ ಥʩ
% HK$ HK$ HK$ HK$

2018ϋ 2018
Ꮠ˹ሪಛ Creditors – 8,222,017 563,600 8,785,617 8,785,617

2017ϋ 2017
Ꮠ˹ሪಛ Creditors – 9,991,885 402,707 10,394,592 10,394,592

c. ʮ̻ᄆ࠽ c. Fair values
ږፄ༟ପʿږፄࠋවʘʮ̻ᄆ࠽dܲ൨ The fair values of financial assets and financial liabilities
ତତږݴඎʱؓ౷ཁમॶʘ֛ᄆᅼόᔾ are determined in accordance with generally accepted
֛f pricing models based on discounted cash flow analysis.

္၍҅Ⴉމd׵ৌਕజڌܲᛅቖϓ͉ɝ EAA considers that the carrying amounts of financial
ሪٙږፄ༟ପʿږፄࠋවʘሪࠦ࠽ၾՉ assets and financial liabilities recorded at amortised cost
ʮ̻ᄆ࠽޴ߒf in the financial statements approximate their
corresponding fair values.

134 &45"5& "(&/54 "65)03*5: t Annual Report 2017/18