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 31 Management Discussion and Analysis 管理層討論與分析 To the extent that any part of the net proceeds to the Company from the Global Offering are not immediately utilized, the Directors may allocate such proceeds to short-term interest bearing deposits and/or money-market instruments with authorized financial institutions and/ or licensed banks in the PRC and Hong Kong. The proceeds from the Global Offering amounted to approximately RMB745.1 million, of which approximately RMB493.0 million had been used by the Company and the unutilized proceeds were placed with financial institutions as short term deposits. No intention for substantial acquisition and large investment plan is noted for the year of 2010. OFF-BALANCE SHEET TRANSACTIONS AND CONTINGENT LIABILITIES As of 31 December 2009, the Group did not enter into any material off-balance sheet transactions. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK Interest Rate Risk The Group is exposed to interest rate risks on its bank borrowings for working capital and capital expenditures that are associated with our expansion and for other uses. Upward fluctuations in interest rates increase the costs of both existing and new debts. For the year ended 31 December 2009, the effective interest rates on fixed-rate bank loans and variable-rate bank loans were approximately 2.90% and 5.50% per annum respectively. The Group has not entered into any types of interest rate agreements or derivative transactions to hedge against the changes in interest rates. 倘本公司自全球發售所得款項淨額的任何部份並 未即時使用，則董事可將該筆所得款項存放於中 國及香港的認可財務機構及╱或持牌銀行的短期 計息存款及╱或貨幣市場工具。 全球發售所得款項約為人民幣 745,100,000 元， 當中約人民幣 493,000,000 元已由本公司動用， 而未動用的所得款項則存放於金融機構作短期存 款。在二零一零年度內尚無任何收購和重大投資 意向。 資產負債表以外交易及或然 負債 於二零零九年十二月三十一日，本集團並無訂立 任何重大的資產負債表以外交易。 市場風險的量化和質化披露 利率風險 本集團面對作為營運資金以及用於本集團拓展和 其他用途的資本開支的銀行借貸利率風險。利率 上調會增加現有及新增債務成本。截至二零零 九年十二月三十一日止年度，定息銀行貸款及可 變利率銀行貸款的實際年利率分別約為 2.90% 及 5.50% 。本集團並無訂立任何類別的利率協議或 衍生交易以對沖利率波動。