Page 159 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報
P. 159

Notes to the Financial Statements 財務報表附註












               5.  Financial risk management objectives and                5.  財務風險管理目標及政策€ᚃ

                    policies (continued)
                    (a)  Credit risk (continued)                                (a)  信貸風險€ᚃ
                        For bank deposits, the Housing Society limits its exposure by   ίࠢՓვБπಛࠬᎈdג܊՘
                        placing funds only with investment grade licensed banks as   ึ̥πಛ׵͟࠰ಥږፄ၍ଣ҅
                        approved by Hong Kong Monetary Authority. To ensure there   ೯೐ٙҳ༟ॴйვБfމᆽڭ
                        is no significant concentration of credit risk to a single   ίఊɓʹ׸࿁˓ʕԨೌཀܓණ
                        counterparty, procedures are in place to ensure diversification   ʕٙڦ൲ࠬᎈdɓԬ೻ҏʊ֛
                        and the bank deposits placed with each counterparty are     ͭ˸ᆽڭʱ౳ҳ༟dϾӊɓʹ
                        subject to a maximum limit and this limit is monitored on an   ׸࿁˓ٙπಛඎ͵ʊணϞɪࠢd
                        on-going basis.                                             ༈ɪࠢ͵֛ࣛఱՉʹ׸࿁˓ٙ
                                                                                    ௰อڦ൲൙ॴʿৌਕ༟ࣘЪ̈
                                                                                    Ꮸীʿࡌࠈf

                        For fixed income investments, most of the holdings are of   ίո֛ϗूଡ଼Υҳ༟˙ࠦdɽ
                        investment grades securities and there are restrictions on the   ௅ʱܵϞٙ݊ҳ༟ॴйٙᗇՎd
                        holding limit of below investment grades securities.        ԨϞ࿁Э׵ҳ༟ഃॴᗇՎܵϞ
                                                                                    ࠢՓf

                        The Housing Society has no significant concentration of credit   Ϊג܊՘ึٙڦ൲ࠬᎈʱ౳׵
                        risk, with exposure spread over a number of counterparties.  ଺εʹ׸࿁˓ʕdה˸ࠬᎈԨ
                                                                                    ʔණʕf

                    (b)  Liquidity risk                                         (b)  流通風險

                        Liquidity risk is the risk that the Housing Society is not able to   ݴஷࠬᎈܸ݊ג܊՘ึ͊ঐᎵ
                        meet its obligations and commitments as they fall due. All the   ˹Ցಂ૶ᖮٙப΂ʿוዄٙࠬ
                        Housing Society’s investments are kept sufficiently liquid and   ᎈfהϞג܊՘ึٙҳ༟݊ึ
                        readily realisable to meet operation needs and any unexpected   ڭܵԑ੄ٙݴஷ׌ʿঐуࣛᜊ
                        cash demands. In addition, the Housing Society also monitors   ତٙd˸ৣΥᐄ༶ცࠅʿᎵ˹
                        the liquidity risk by performing cash flow analysis on a regular   ڢཫಂٙତږცӋfϤ̮dג
                        basis.                                                      ܊՘ึ͵֛ಂᏝ௪ତږݴඎʱ
                                                                                    ؓ͜Ը္છՉݴஷࠬᎈf

                        Apart from certain accounts payable and loans from          ৰίڝൗɤɘ˸ʿɚɤɓמᚣ
                        government which are not expected to be settled within one   ݔ௅ʱٙᏐ˹ሪධʿִ݁൲ಛ
                        year after the end of the reporting period as disclosed in Notes   ਗ਼׵ɓϋ˸ܝՑಂ̮dՉ˼ೌ
                        19 and 21, all other financial liabilities, which are non-interest   лࢹࠋවਗ਼׵ɓϋʫՑಂᎵᒔf
                        bearing, are expected to be settled within one year.












                                                                                          香港房屋協會2017/18年度年報    157
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