Page 82 - Hospital Authority Annual Report 2019-2020
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NOTES TO THE FINANCIAL 財務報表附註
STATEMENTS
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 to 金賺取不同利率，會有流動現金利率風
cash flow interest rate risk. Fixed rate bank deposits and fixed 險；而賺取固定息率的銀行存款及固定
income instruments expose the Portfolio to fair value interest 入息工具，則有公允價值利率風險。集
rate risk. Sensitivity analyses have been performed by the Group 團在二零二零年三月三十一日就利率風
with regard to interest rate risk as at 31 March 2020. If interest 險進行敏感度分析。當利率升降25點
rates had been increased or decreased by 25 basis points, 子（即管理層認為的合理可能之利率變
which represent management’s assessment of a reasonably 動），而所有其他變動因素維持不變，這
possible change in those rates, and all other variables were held 對集團營運結果及基金總額不會有重大
constant, the effect on the Group’s operating results and total 影響。
funds 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）（i））
by the changes in the perceived credit risks of the issuers and 及市場利率（附註3（a）（ii））的變動，固
market interest rates as disclosed in notes 3(a)(i) and 3(a)(ii) 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 集團金融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） 按公允價值列賬的金融資產
The Group’s financial instruments that are measured at 集團以公允價值計量的金融工具按以下
fair 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 第二層 — 除了第一層所包括的報價以
1 that are observable for the asset or liability, either 外，該資產或負債的可觀察的
directly (that is, as prices) or indirectly (that is, derived 其他輸入，可為直接（即價格）
from prices). 或間接（即源自價格）。
Level 3 – Inputs for the asset or liability that are not based on 第三層 — 資產或負債並不是根據可觀察
observable market data (that is, unobservable inputs). 市場數據的輸入（即不可觀察
輸入）。
80 Hospital Authority Annual Report 醫院管理局年報 2019-2020
