Interim Report 2017

舜宇光學科技（集團）有限公司 2017 中期報告 17 Management Discussion and Analysis 管理層討論與分析 Foreign Exchange Rate Fluctuation Risk The Group exports a portion of its products to and purchases a considerable amount of products from international markets where transactions are denominated in U.S. dollars or other foreign currencies. Please refer to the information of the Group’s foreign currency options contracts at Note 17 to the notes to the condensed consolidated financial statements. Except certain investments which are in line with the Group’s business and which are denominated in foreign currency, the Group did not and has no plan to make any foreign currency investment. Credit risk The Group’s financial assets include derivative financial assets, bank balances and cash, pledged bank deposits, short-term fixed deposits, financial assets designated as at fair value through profit or loss, trade and other receivables, amounts due from related parties and available-for-sale investments, which represent the Group’s maximum exposure to credit risk in relation to financial assets. In order to minimise the credit risk in relation to trade receivables, the management has delegated a team which is responsible for the determination of credit limits, credit approvals and other monitoring procedures to ensure that prompt follow-up actions are taken to recover overdue debts, and had insurance policies in place relating to trade receivables. In addition, the Group reviews the recoverable amount of each individual trade debt at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. Therefore, the Directors consider that the Group’s credit risk is significantly reduced. The amounts presented in the condensed consolidated statement of financial position are net of allowances for bad and doubtful debts, estimated by the management based on prior experience, their assessment of the current economic environment and the discounted cash flows to be received in future. The Group has no significant concentration of credit risk since its trade receivables are dispersed to a large number of customers. 匯率波動風險 本集團部分產品會出口銷售至國際市場，同時也 從國際市場購買大量產品，以上交易以美元或其 它外幣計算。有關本集團外匯期權合約之詳情， 請參閱簡明綜合財務報表附註內的附註 17 。除就 本集團業務所進行及以外幣列值的若干投資外， 本集團並未及並無計劃作出任何外幣投資。 信貸風險 本集團的金融資產為衍生金融資產、銀行結餘及 現金、已抵押銀行存款、短期定期存款、按公允 值計入損益之金融資產、貿易及其他應收款項、 應收關連人士款項及可供出售投資，為本集團所 面對有關金融資產的最大信貸風險。 為減低有關貿易應收款項的信貸風險，管理層已 委派專責隊伍，負責釐定信貸限額、審批信貸及 其他監察程序，以確保適時採取適當的跟進行動 收回過期債務，並已購買有關貿易應收款項的相 關保險。此外，本集團於每個報告期期末檢討各 項貿易債務的可回收金額，確保已為不可收回的 金額計提足夠減值虧損。因此，董事認為本集團 的信貸風險已大大降低。簡明綜合財務狀況表所 示金額已扣除呆壞賬撥備，乃管理層根據過往經 驗、對當時經濟環境的評估及將於日後收取的現 金流量貼現值估計。 本集團的貿易應收款項分散於大量客戶，故無重 大信貸集中風險。