Page 161 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

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)
(c) Market risk (continued) (c) 市場風險€ᚃ
(i) Foreign exchange risk (continued) (i) 外幣對換風險€ᚃ
Sensitivity analysis 敏感度分析
The following table indicates the instantaneous change ɨڌᜑͪ׵జѓಂ͋ʿ׵
in the Housing Society’s surplus that would arise if ຅˚೯͛ʘ̮࿆ිଟᜊਗ
foreign exchange rates to which the Housing Society has ࿁ג܊՘ึʘޮቱʘ̙ঐ
significant exposure at the end of the reporting period Υଣᜊਗ€৿ணՉ˼ࠬᎈ
had changed at that date, assuming all other risk Ϊ९ၪܵʔᜊf
variables remained constant.

2018 2017
Currency Effect on Currency Effect on
strengthened/ surplus for strengthened/ surplus for
weakened by the year weakened by the year
࿁͉ϋޮቱ ࿁͉ϋޮቱ
ʺ࠽א൰࠽ ٙᅂᚤ ʺ࠽א൰࠽ ٙᅂᚤ
(in HK$ Million) (in HK$ Million)
€ಥ࿆ϵຬʩ €ಥ࿆ϵຬʩ

Euro ᆄᖯ 1% 12.2 1% 14.1
Pound Sterling ߵᆼ 1% 5.4 1% 6.8
Japanese Yen ˚ʩ 1% 2.4 1% 6.0
Other currencies Չ˼஬࿆ 1% 18.5 1% 14.0

(ii) Price risk (ii) 價格風險
The Housing Society is exposed to price risk arising from ג܊՘ึࠦ࿁ᄆࣸࠬᎈ݊
investment related financial assets and liabilities. This risk ͟Ϟᗫҳ༟ٙৌਕ༟ପʿ
is controlled and monitored by asset allocation limit. ࠋවdϤࠬᎈ݊͟༟ପʱ
ৣࠢᕘԸ္છٙf

At the end of the reporting period, it is estimated that an ׵జѓಂ͋dཫࣘϞᗫҳ
increase/decrease of 1% (2017: 1%) in the market prices ༟ٙৌਕ༟ପʿࠋවהஹ
of the investment related financial assets and liabilities, ᖩʘҳ༟̹ఙᄆࣸϵʱʘ
with all other variables held constant, would have ɓʘɪʺאɨൻ€ɚ ཧ
increased/decreased the Housing Society’s surplus by ɓɖϋjϵʱʘɓהϞ
approximately HK$230.5 million (2017: HK$190.1 million). Չ˼ᜊᅰڭܵʔᜊdПࠇ
ג܊՘ึٙޮቱึᄣ̋א
ಯˇߒಥ࿆ɚᄂɧɷཧ
ʞɤຬʩ€ɚཧɓɖϋj
ߒಥ࿆ɓᄂɘɷཧɓɤຬ
ʩf

香港房屋協會2017/18年度年報 159