Annual Report 2009

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 / Annual Report 2009 年報 145 Notes to the Consolidated Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2009 綜合財務報表附註 截至二零零九年十二月三十一日止年度 29. 金融工具（續） b. 財務風險管理目標及政策（續） 信貸風險（續） 為減低信貸風險，本集團管理人員委派 團隊負責釐定信貸限額、審批信貸及其 他監控程序，確保採取跟進行動收回逾 期債務。此外，本集團於報告期期末檢 查各單項債務的可收回款額，確保就不 可收回款額計提足夠的減值虧損。因 此，本公司董事認為本集團的信貸風險 已大大降低。 由於交易對手均為信貸評級良好的銀 行，故有關流動資金的信貸風險有限。 除於信貸評級良好的銀行存放的流動資 金存在信貸集中風險外，本集團另有信 貸集中風險，本集團總貿易應收款中， 第一大客戶與前五大客戶分別佔 11% （二零零八年： 9% ）和 27% （二零零八 年： 37% ）。最大客戶的總辦事處位於南 韓，其主要業務為買賣及製造半導體、 LCD 、電信產品及數碼媒體產品。 市場風險 本集團業務的主要市場風險為利率風險 及外匯風險。市場風險進一步按敏感度 釐定。以下為各類市場風險的詳情： 利率風險 本集團因銀行存款（該等存款詳情見附註 23 ）及可變利率銀行借貸（該等借貸詳情 見附註 26 ）及應付附屬公司少數股東款 項（該餘額詳情見附註 25 ）而承受現金流 量利率風險。本集團的政策為就其借貸 保持浮息利率以盡量減低公允值利率風 險。 29. FINANCIAL INSTRUMENTS (Continued) b. Financial risk management objectives and policies (Continued) Credit risk (Continued) In order to minimise the credit risk, the management of the Group 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 reviews the recoverable amount of each individual debt at the end of the reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. In this regard, the directors of the Company consider that the Group’s credit risk is significantly reduced. The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings. Other than concentration of credit risk on liquid funds which are deposited with several banks with high credit ratings, the Group has concentration of credit risk as 11% (2008: 9%) and 27% (2008: 37%) of the total trade receivables was due from the Group’s largest customer and the five largest customers, respectively. The head office of the largest customer is located in South Korea and its principal activities are trading and manufacturing of semiconductors, LCDs, telecommunication products and digital media products. Market risks The Group’s activities expose it primarily to the market risks of interest rate risk and foreign currency risk. Market risk exposures are further measured by sensitivity analysis. Details of each type of market risks are described as follows: Interest rate risk The Group is exposed to cash flow interest rate risk in relation to bank deposits (see note 23 for details of these deposits) and variable-rate bank borrowings (see note 26 for details of these borrowings) and amount due to a minority shareholder of a subsidiary (see note 25 for details of this balance). It is the Group’s policy to keep its borrowings at floating rate of interests so as to minimise the fair value interest rate risk.