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 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 154 32. FINANCIAL INSTRUMENTS (Continued) (b) Financial risk management objectives and policies (Continued) Liquidity risk (Continued) Liquidity and interest risk tables (Continued) For the purpose of managing liquidity risk, the management reviews the expected cash flow information of the Group’s bank loans with a repayment on demand clause based on the scheduled repayment dates set out in the agreement as set out in the table below: Weighted average effective interest rate Within 1 year Total undiscounted cash flows Carrying amount 加權平均 實際利率 一年內 未折現 現金流量總額 賬面值 % HK$’000 HK$’000 HK$’000 千港元 千港元 千港元 2019 二零一九年 Bank loans with a repayment on demand clause 包含按要求償還 條款之銀行貸款 2.90 48,209 48,209 48,056 2018 二零一八年 Bank loans with a repayment on demand clause 包含按要求償還 條款之銀行貸款 2.89 43,108 43,108 43,000 The amounts included above for variable interest rate instruments for non-derivative financial liabilities are subject to change if changes in variable interest rates differ to those estimates of interest rates determined at the end of the reporting period. (c) Fair value The fair values of the Group’s financial assets and financial liabilities are determined in accordance with generally accepted pricing models based on discounted cash flow analysis with the most significant inputs being the discount rate that reflects the credit risk of counterparties. The directors of the Company consider that the carrying amounts of financial assets and financial liabilities recorded at amortised cost in the consolidated financial statements approximate their fair values. 32. 金融工具 （續） (b) 財務風險管理目標及政策 （續） 流動資金風險 （續） 流動資金及利息風險表（續） 為管理流動資金風險，管理層根據下表 所載協議內之預定還款日期對包含按要 求償還條款之本集團銀行貸款的預計現 金流量資料進行檢討： 倘浮動利率於報告期末之變動不同於已 釐定之利率估計，則以上關於非衍生財 務負債浮動利率工具的金額須作出變更。 (c) 公平值 本集團財務資產及財務負債之公平值， 乃根據基於貼現現金流量分析的公認定 價模型釐定，最重大輸入數據為反映交 易夥伴信貸風險的貼現率。 本公司董事認為綜合財務報表內以攤銷 成本記錄之財務資產及財務負債之賬面 值與其公平值相若。