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 146 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） 市場風險（續） 利率風險（續） 本集團亦因固定利率銀行借貸（該等借貸 詳情見附註 26 ）、已抵押銀行存款（該等 存款詳情見附註 23 ）及應付附屬公司少 數股東款項（該結餘詳情見附註 25 ）而面 對公允值利率風險。本集團目的是把借 貸保持在可變利率。本集團目前沒有任 何利率對沖政策。然而，本集團會監控 利率風險並會在有需要時考慮對沖重大 利率風險。 本集團金融負債利率風險已在本附註流 動資金風險管理一節中作詳細說明。於 二零零九年十二月三十一日，本集團的 現金流量利率風險主要集中在韓國的可 浮利率波動，乃由集團以有韓元計值借 貸（其實際年利率為 5.5% ）（二零零八 年：年利率為 7.65% ）而產生。 敏感度分析 以下的敏感度分析乃按照各報告期期末 的浮息釐定。該分析假設在各報告期期 末存在的應付少數股東款項及按可變利 率計息的銀行借貸在全年存在。年底利 率的合理可能變化為增減 50 個基點。 倘利率增╱減 50 個基點，而所有其他可 變因素維持不變，則本集團截至二零零 九年十二月三十一日止年度的溢利應會 減少╱增加約人民幣 146,000 元（二零零 八年：人民幣 90,000 元）。 29. FINANCIAL INSTRUMENTS (Continued) b. Financial risk management objectives and policies (Continued) Market risks (Continued) Interest rate risk (Continued) The Group is also exposed to fair value interest rate risk in relation to fixed-rate bank borrowings (see note 26 for details of this borrowing), pledged bank deposits (see note 23 for details of these deposits) and amount due to a minority shareholder of a subsidiary (see note 25 for details of this balance). The Group currently does not have interest rate hedging policy. However, the Group monitors interest rate exposure and will consider hedging significant interest rate exposure should the need arise. The Group’s exposures to interest rates on financial liabilities are detailed in the liquidity risk management section of this note. The Group’s cash flow interest rate risk is mainly concentrated on the fluctuation of floating interest rate in Korea with the effective interest rate of 5.5% per annum (2008: 7.65% per annum) arising from the Group’s KRW denominated borrowings as at 31 December 2009. Sensitivity analysis The sensitivity analysis below has been determined based on the exposure to floating interest rates at the end of each reporting period. The analysis is prepared assuming the amount due to a minority shareholder and bank borrowings at variable rates outstanding at the end of each reporting period were outstanding for the whole year. A 50 basis point increase or decrease is used to present the reasonably possible change in interest rates at the year end. If interest rates had been 50 basis points higher/lower and all other variables were held constant, the post-tax profit for the year ended 31 December 2009 would decrease/increase approximately by RMB146,000 (2008: RMB90,000).