Page 94 - Hospital Authority Annual Report 2016-2017

Independent Auditor’s Report and Audited Financial Statements 獨立核數師報告及經審查的財務報表

Notes to the Financial Statements 財務報表附註

3. Financial risk management (Continued) 3. 財務風險管理（續）

(a) Financial risk factors (Continued) （a） 財務風險因素（續）

(ii) Interest rate risk （ii） 利率風險

The Portfolio’s interest rate risk arises from interest bearing 組合的利率風險來自所獲利息的銀行現
cash at bank, bank deposits and fixed income instruments. 金、銀行存款及固定入息工具。銀行現
Cash at bank, which earns interest at variable rates, gives rise 金賺取不同利率，會有流動現金利率風
to cash flow interest rate risk. Fixed rate bank deposits and 險；而賺取固定息率的銀行存款及固定
fixed income instruments expose the Portfolio to fair value 入 息 工 具， 則 有 公 允 價 值 利 率 風 險。
interest rate risk. Sensitivity analyses have been performed 集團在二零一七年三月三十一日就利
by the Group with regard to interest rate risk as at 31 March 率 風 險 進 行 敏 感 度 分 析。 當 利 率 升 降
2017. If interest rates had been increased or decreased by 50 點子（即管理層認為的合理可能之利
50 basis points, which represent management’s assessment 率變動），而所有其他變動因素維持不
of a reasonably possible change in those rates, and all other 變，這對集團的虧損及資產淨值不會有
variables were held constant, the effect on the Group’s deficit 重大影響。
and net assets is insignificant.

(iii) Price risk （iii） 價格風險

Fixed income instruments are subject to the price risk caused 因 發 行 商 的 認 知 信 貸 風 險（附 註 3（a）
by the changes in the perceived credit risks of the issuers and （i））及 市 場 利 率（附 註 3（a（）ii））的 變
market interest rates as disclosed in note 3(a)(i) and note 3(a)(ii) 動，固定入息工具受價格風險影響。
respectively.

(iv) Currency risk （iv） 貨幣風險

The Group’s financial assets and liabilities are substantially 集團財務資產及負債大體上都以港元為
denominated in Hong Kong dollar, the Group’s functional 單位，即集團的功能及呈列貨幣，故沒
and presentation currency, and hence will not be exposed to 有重大的貨幣風險。
significant currency risk.

(b) Fair values estimation （b） 公允價值估計

(i) Financial assets carried at fair values （i） 按公允價值列賬的財務資產

The Group’s financial instruments that are measured at fair 集團以公允價值計量的金融工具按以下
value are categorised by level of the following fair value 公允價值的計量架構進行分類：
measurement hierarchy:

Level 1 – Quoted prices (unadjusted) in active markets for 第一層 — 相同資產或負債於活躍市場之
identical assets or liabilities. 報價（未經調整）。

Level 2 – Inputs other than quoted prices included within
level 1 that are observable for the asset or liability, 第二層 — 除了第一層所包括的報價以
either directly (that is, as prices) or indirectly (that is,
derived from prices). 外，該資產或負債的可觀察的
其他輸入，可為直接（即價格）
Level 3 – Inputs for the asset or liability that are not based 或間接（即源自價格）。
on observable market data (that is, unobservable
inputs). 第三層 — 資產或負債並不是根據可觀察
市場數據的輸入（即不可觀察
輸入）。

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