Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2019 截至二零一九年十二月三十一日止年度 ANNUAL REPORT 2019 年度報告 149 32. FINANCIAL INSTRUMENTS (Continued) (b) Financial risk management objectives and policies (Continued) Credit risk and impairment assessment As at 31st December, 2019, the Group’s maximum exposure to credit risk which will cause a financial loss to the Group due to failure to discharge an obligation by the counterparties is arising from the carrying amount of the respective recognised financial assets as stated in the consolidated statement of financial position. Trade receivables arising from contracts with customers In order to minimise the credit risk, the directors of the Company has delegated a team responsible for determination of credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group performs impairment assessment under ECL model on trade receivables individually or based on a provision matrix. In this regard, the directors of the Company consider that the Group’s credit risk is significantly reduced. Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas, and thus the Group does not have significant concentration of credit risk. For trade receivables, the Group has applied the simplified approach in HKFRS 9 to measure the loss allowance at lifetime ECL. Except for debtors credit-impaired with gross carrying amount of HK$2,935,000, as at 31st December, 2019 (2018: HK$2,433,000), the Group determines the ECL on the trade receivables that are not credit-impaired with gross carrying amount of HK$146,560,000 as at 31st December, 2019 (2018: HK$174,066,000) by using a provision matrix, grouped based on shared credit risk characteristics by reference to past default experience and current past due status of debtors. 32. 金融工具 （續） (b) 財務風險管理目標及政策 （續） 信貸風險及減值評估 於二零一九年十二月三十一日，本集團因 交易夥伴未能履行責任造成本集團財務 損失而面對之最高信貸風險，乃源自於 綜合財務狀況表所示各自已確認財務資 產之賬面值。 客戶合約產生的貿易應收款項 為盡量降低信貸風險，本公司董事已委 派一組人員負責制訂信貸限額、信貸審 批及其他監控程序，以確保採取跟進措 施收回逾期未付之債項。此外，本集團 根據預期信貸虧損模式， 或根據撥備模 式， 作出減值評估。就此而言，本公司董 事認為本集團之信貸風險已大幅降低。 貿易應收款項涉及大量客戶，並跨越不 同行業以及地區，因此本集團並無重大 集中之信貸風險。 就貿易應收款項而言，本集團已就香港財 務報告準則第 9 號應用簡化方式，計量全 期的預期信貸虧損的撥備。除於二零一九 年十二月三十一日總賬面值為 2,935,000 港元（二零一八年： 2,433,000 港元）的款 項已出現信貸減值的債務人外，本集團 參考債務人的過往違約經驗及目前逾期 情況，根據共有的信貸風險特徵分組， 使用撥備模式釐定於二零一九年十二月三 十一日總賬面值為 146,560,000 港元（二零 一八年： 174,066,000 港元）並未出現信貸 減值的貿易應收款項的預期信貸虧損。