Interim Report 2021

Sunny Optical Technology (Group) Company Limited • INTERIM REPORT 2021 80 Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 FOR THE SIX MONTHS ENDED 30 JUNE 2021 截至二零二一年六月三十日止六個月 18. DERIVATIVE FINANCIAL ASSETS AND LIABILITIES (Continued) Foreign currency option contract The Group entered into a USD/RMB foreign currency option contract with a bank in the PRC in order to manage the Group’s currency risk. The Group is required to transact with the bank for designated notional amount on the valuation date specified within the contract (“Valuation Date”). At the Valuation Date, the Reference Rate which represents the spot rate as specified within the contract shall be compared against the strike rate as specified within the contract, and the Group may receive from/pay to the bank an amount as specified in the contract if certain conditions specified within the contract are met. Extracts of details of the foreign currency option contract from the contract outstanding as at 30 June 2021 are as follow: Notional amount Strike rate Ending settlement date 名義金額 行使匯率 結束結算日期 USD’000 美元千元 Contract F 30,000 USD:RMB at 1:6.4730 23 September 2021 合約 F 美元兌人民幣： 1:6.4730 二零二一年九月二十三日 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 condensed 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. 18. 衍生金融資產及負債（續） 外匯期權合約 本集團已與中國的一家銀行訂立一項美 元╱人民幣的外匯期權合約，以管理本集 團的貨幣風險。 本集團須於合約所指定的估值日期（「估值 日期」）就指定名義金額與該銀行進行交易。 於估值日期，參考匯率（指該合約所指定的 現貨匯率）須與合約所指定的行使匯率作比 較，且在達致合約所指定若干條件的情況 下，本集團可向相關銀行收取╱支付該合 約所指定的金額。 於二零二一年六月三十日，未平倉合約的 外匯期權合約的詳情摘要如下： 本集團已訂立若干衍生工具交易，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，僅可於出現拖欠款項、無力 償債或破產的情況下行使抵銷權，故本集 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 簡明綜合財務狀況表內抵銷。