Page 83 - Hospital Authority Annual Report 2019-2020
P. 83
NOTES TO THE FINANCIAL 財務報表附註
STATEMENTS
3. Financial risk management (Continued) 3. 財務風險管理 （續）
(b) Fair values estimation (Continued) （b） 公允價值估計 （續）
(i) Financial assets carried at fair values (Continued) （i） 按公允價值列賬的金融資產 （續）
The fair value of financial instruments traded in active markets 在活躍市場交易的金融工具的公允價值
is based on quoted market prices at the reporting date. A 根據報告日的市場報價列賬。當報價可
market is regarded as active if quoted prices are readily and 即時和定期從證劵交易市場、交易商、
regularly available from an exchange, dealer, broker, industry 經紀、業內人士、報價服務機構或監管
group, pricing service, or regulatory agency, and those prices 代理獲得，而該等報價代表按公平交易
represent actual and regularly occurring market transactions 基準進行的真實和常規市場交易，該市
on an arm’s length basis. These instruments are included in 場被視為活躍。這些工具屬於第一層。
level 1. None of the instruments of the Group is included in 醫管局並無屬於第一層的工具。
level 1.
The fair value of financial instruments that are not traded in 沒有在活躍市場交易的金融工具（例如
an active market (for example, over-the-counter derivatives) 場外衍生工具）的公允價值利用估值技
is determined by using valuation techniques. These valuation 術釐定。估值技術盡量利用可觀察市場
techniques maximise the use of observable market data where 數據（如有），盡量少依賴主體的特定估
it is available and rely as little as possible on entity specific 計。如計算一項金融工具公允價值所需
estimates. If all significant inputs required to fair value an 的所有重大輸入為可觀察數據，這些工
instrument are observable, the instrument is included in level 2. 具屬於第二層。醫管局並無屬於第二層
None of the instruments of the Group is included in level 2. 的工具。
If one or more of the significant inputs is not based on 如一項或多項重大輸入並非根據可觀察
observable market data, the instrument is included in level 3. 市場數據，這些工具屬於第三層。
Specific valuation techniques used to value financial 用以估值金融工具的特定估值技術包括：
instruments include:
– Quoted market prices or dealer quotes for similar ─ 同類型工具的市場報價或交易商報
instruments. 價；
– The fair value of forward foreign exchange contracts is ─ 遠期外匯合約的公允價值使用報告
determined using forward exchange rates at the reporting 日的遠期匯率釐定，而所得價值折
date, with the resulting value discounted back to present 算至現值；
value.
– Other techniques, such as discounted cash flow analysis, ─ 其他技術，例如折算現金流分析，
are used to determine fair value for the remaining financial 用以釐定其餘金融工具的公允價值。
instruments.
Independent Auditor’s Report and Audited Financial Statements 獨立核數師報告及經審核的財務報表 81
