Page 162 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

AUDITED FINANCIAL STATEMENTS 已審核財務報表

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
(ii)
(ii) Price risk (continued) 價格風險€ᚃ
The sensitivity analysis above assumes that the changes ɪࠑઽชܓʱؓɗ৿ணϞ
in the market prices of the investment related financial ᗫҳ༟ٙৌਕ༟ପʿࠋව
assets and liabilities or other relevant risk variables had ʘҳ༟̹ఙᄆࣸאՉ˼޴
occurred at the end of the reporting period and had ᗫࠬᎈᜊᅰ׵జѓಂ͋ʊ
been applied to re-measure those investment related ̈ତᜊਗdԨʊᏐ͜׵ࠠ
financial assets and liabilities held by the Housing Society อࠇඎג܊՘ึ׵జѓಂ
which expose the Housing Society to price risk at the ͋הܵϞԨԴג܊՘ึࠦ
end of the reporting period. ࿁ٰୃᄆࣸࠬᎈʘϞᗫҳ
༟ٙৌਕ༟ପʿࠋවf

(iii) Interest rate risk (iii) 利率風險

The Housing Society’s exposure on cash flow interest ג܊՘ึٙତږݴඎлଟ
rate risk and fair value interest rate risk mainly arises from ࠬᎈʿʮʪ࠽лଟࠬᎈ˴
its loans receivable and time deposits. ࠅ͟Ꮠϗ൲ಛձ֛ಂπ
ಛf

As the time deposits usually mature within one year, the ֛ಂπಛஷ੬ίɓϋʫՑ
exposure is considered not material. Management of the ಂdה˸Չࠬᎈʔ৷fג
Housing Society monitors the interest rate profile of ܊՘ึᏐϗ൲ಛʘлଟ༟
loans receivable regularly. ࣘ͟၍ଣᄴ္֛ࣛ࿀f

Sensitivity analysis 敏感度分析

At the end of the reporting period, it is assumed that a ׵జѓಂ͋d৿ணлଟɓ
general increase/decrease of 50 basis points (2017: 50 ছᄣ̋אಯˇʞɤࡈਿᓃ
basis points) in interest rates, with all other variables held €ɚཧɓɖϋjʞɤࡈਿ
constant, would have increased/decreased the Housing ᓃ€הϞՉ˼ᜊᅰڭܵʔ
Society’s surplus by approximately HK$44.6 million (2017: ᜊdПࠇג܊՘ึٙޮ
HK$45.1 million). ቱᄣ̋אಯˇߒಥ࿆
̬ɷ̬ϵʬɤຬʩ€ɚཧ
ɓɖϋjߒಥ࿆
̬ɷʞϵɓɤຬʩf

160 Hong Kong Housing Society Annual Report 2017/18