Interim Report 2017

Sunny Optical Technology (Group) Company Limited INTERIM REPORT 2017 66 Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 For the six months ended 30 June 2017 截至二零一七年六月三十日止六個月 17.DERIVATIVE FINANCIAL ASSETS AND LIABILITIES (Continued) Foreign currency options contracts (Continued) Note 1: Each contract has a series of settlement dates. The Ending Settlement Dates stated as in the above table represents the last settlement date, specified within respective contracts. Note 2: Contract E was terminated on 5 May 2017 in advance to mitigate the potential greater risk exposure. Note 3: Contract J was settled as a result of occurrence of trigger event on 11 January 2017. Note 4: Both contract K and contract L were entered into on 6 January 2017, contract M and contract N were entered into on 7 February 2017, contract O and contract P were entered into on 5 May 2017. The Group has entered certain derivative transactions that are covered by the International Swaps and Derivatives Association Master Agreements (“ISDA Agreements”) signed with a bank. These derivative instruments are not offset in the consolidated statement of financial position as the ISDA Agreements are in place with a right of set off only in the event of default, insolvency or bankruptcy so that the Group currently has no legally enforceable right to set off the recognised amount. 17. 衍生金融資產及負債（續） 外匯期權合約（續） 附註 1 ：各合約均有一系列結算日期。上表所述最 終結算日期是指各合約所規定的最後結算 日期。 附註 2 ：為降低潛在的較大風險敞口，合約 E 已於 二零一七年五月五日提前終止。 附註 3 ：因於二零一七年一月十一日發生觸發事 件，本集團結清了合約 J 。 附註 4 ：合約 K 及合約 L 均於二零一七年一月六日 訂立，合約 M 及合約 N 均於二零一七年二 月七日訂立，合約 O 及合約 P 均於二零一 七年五月五日訂立。 本集團已進行若干衍生工具交易，與銀行簽 訂的國際掉期及衍生工具協會總協議（「國 際掉期及衍生工具協會總協議」）涉及該等 交易。由於國際掉期及衍生工具協會總協議 規定出現拖欠款項、無力償債及破產的情況 方可行使抵銷權，本集團目前並無可抵銷已 確認款項的依法可強制執行權利，因此，該 等衍生工具並未於綜合財務狀況表內抵銷。