Interim Report 2019

舜宇光學科技（集團）有限公司 2019 中期報告 25 Management Discussion and Analysis 管理層討論與分析 信貸風險 本集團的金融資產包括衍生金融資產、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、按公允值計入其他全面 收益的權益工具及按攤銷成本計量的債務工具， 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，以確保採取適當的跟進行動收回 過期債務。本集團亦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 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 示金額已扣除信貸虧損撥備，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交易對手及客 戶，故無重大信貸集中風險。由於本集團大部分 交易對手為獲國際信貸評級機構評定有高信貸評 級的銀行，故流動資金的信貸風險有限。 現金流量利率風險 本集團的現金流量利率風險主要與短期銀行存款 的可變利率有關。因此，日後任何利率變化均不 會對本集團業績有任何重大影響。 Credit Risk The Group’s financial assets include derivative financial assets, bank balances and cash, pledged bank deposits, short-term fixed deposits, financial assets at fair value through profit or loss, trade and other receivables, amounts due from related parties, equity instruments at fair value through other comprehensive income and debt instruments at amortised cost, 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 appropriate follow-up actions are taken to recover overdue debts. The Group also has 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 allowance for credit losses, 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 counterparties and customers. The credit risk on liquidity is limited because a majority of the counterparties are banks with high credit ratings by international credit-rating agencies. Cash Flow Interest Rate Risk The Group’s cash flow interest rate risk relates primarily to variable rates applicable to short term bank deposits. Therefore, any future variations in interest rates will not have any significant impact on the results of the Group.