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 151 32. FINANCIAL INSTRUMENTS (Continued) (b) Financial risk management objectives and policies (Continued) Credit risk and impairment assessment (Continued) Other receivables and deposits For other receivables and deposits, the directors of the Company make periodic individual assessment on the recoverability of other receivables and deposits based on historical settlement records, past experience, and also quantitative and qualitative information that is reasonable and supportive forward-looking information. The directors of the Company believe that there are no significant increase in credit risk of these amounts since initial recognition and the Group provided impairment based on 12m ECL. For the year ended 31st December, 2019, the Group assessed the ECL for other receivables and deposits with gross carrying amount of HK$2,337,000 as at 31st December, 2019 (2018: HK$2,052,000) was insignificant and thus no loss allowance was recognised. Liquidity risk In the management of the liquidity risk, the Group monitors and maintains a level of cash and cash equivalents deemed adequate by the management to finance the Group’s operations and mitigate the effects of fluctuations in cash flows. The management monitors the utilisation of bank borrowings and ensures compliance with loan covenants. The Group relies on bank borrowings as a significant source of liquidity. As at 31st December, 2019, the Group has available undrawn borrowing facilities of approximately HK$252,941,000 (2018: HK$215,223,000). The Group monitors its current and expected liquidity requirements regularly and ensuring sufficient liquid cash and adequate committed lines of funding from reputable financial institutions to meet the Group’s liquidity requirements in the short and long term. 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 （續） 其他應收款項及按金 就其他應收款項及按金而言，本公司董 事根據過往償付記錄、過往經驗以及合 理且具理據支持的前瞻性定量及定性資 料，對其他應收款項及按金的可收回性 進行定期個別評估。本公司董事認為自 初始確認以來該等款項的信貸風險並無 顯著增加且本集團根據 12 個月預期信貸 虧損撥備減值。截至二零一九年十二月 三十一日止年度，本集團評估於二零一九 年十二月三十一日總賬面值為 2,337,000 港元（二零一八年： 2,052,000 港元）的其他 應收款項及按金的預期信貸虧損並不重 大，因此並無確認虧損撥備。 流動資金風險 在管理流動資金風險時，本集團監控及 維持管理層認為充足之現金及現金等值 水平，從而為本集團營運提供資金及減 低現金流量波動之影響。管理層監控銀 行借貸之動用情況，並確保符合貸款契 約之規定。 本 集 團 依 賴 銀 行 借 貸 作 為 其 流 動 資 金 之 主 要來 源。於二零一九 年十二月 三十 一日，本 集 團 有未 提 取 的 借 貸 融 資 約 252,941,000 港 元（二 零 一 八 年： 215,223,000 港元）。本集團會定期監控其 當前及預期流動資金需求，確保其維持 充足之流動現金及從信譽良好之金融機 構獲得足夠之承諾貸款額以應付本集團 之短期及長期流動資金需求。