Notes to the Consolidated Financial Statements 合併財務報表附註 2023 Financial Report 二零二三財務報告 100 37. FINANCIAL RISK MANAGEMENT – Cont’d (i) Financial risk factors – Cont’d (1) Market risk – Cont’d Interest rate risk – Cont’d At 30 June 2023, it is estimated that a general increase/decrease of 25 basis points in bank deposit interest rate, with all other variables held constant, would have increased/decreased the Group’s surplus for the year by approximately HK$29.0 million (2022: decreased/increased loss by HK$18.5 million). This analysis has been determined assuming that the change in interest rates had occurred at the end of each reporting period and had been applied to the bank deposits in existence at that date, with an assumption that fixed term instruments which expire during the next reporting period will be rolled over at the expiry of that term at the new market rate. (2) Credit risk The Group’s exposure to credit risk is represented by the carrying value of cash and cash equivalents, bank deposits, loans receivable, accounts receivable, deposits, debt securities and amount due from a Joint Venture. The exposure limits to financial institutions are set by the Investments Sub-Committee according to the deposits base, capital base and the credit rating of the institutions. The credit risk on liquid funds and financial instruments is limited because the counterparties have good credit standing. Loans receivable are mainly loans to staff and students and the Group has established procedures to control the granting and recovery of the loans. Accounts receivable, prepayments and deposits arise from the ordinary activities of the Group and there are ageing controls to limit the exposure. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the consolidated statement of financial position. The Group has four types of financial assets that are subject to the expected credit loss model, including cash and cash equivalents, loans receivable, accounts receivable, prepayments and deposits and debt investments carried at amortised cost. While cash and bank balances are also subject to the impairment requirements of HKFRS 9, the credit risk on cash and bank balances are limited because the counterparties are banks with high credit rating and any identified impairment loss was immaterial. 財務風險管理－續 (i) 財務風險因素－續 (1) 市場風險－續 利率風險－續 於二零二三年六月三十日，在其他所有 變數維持不變的情況下，若銀行存款利 率上升╱下調二十五點子，本機構於年 內的盈餘會增加╱減少約港幣二千九百 萬元（二零二二年為虧損減少╱增加港 幣一千八百五十萬元）。以上分析乃假 設利率變動於每個報告期末發生，並已 用於計算當日已存的銀行存款，同時假 設將於下一個報告期間到期的固定年期 投資工具將會於到期日以新的市場利率 續期。 (2) 信貸風險 本機構承受的信貸風險為現金及等同現 金、銀行存款、應收貸款、應收賬項、 押金、債券及合營企業之應收款項。 投資附設委員會根據金融機構的存款基 礎、資本基礎及信貸評級制訂相關的信 貸額度。就本機構的流動資金及金融工 具而言，由於交易方皆為信貸評級良好 的財政機構故此本機構只承受有限之信 貸風險。應收貸款主要為對員工及學生 的貸款，而本機構有既定的程序來控制 發放及收回貸款。應收賬項、預付款及 押金來自本機構的日常營運，以到期日 管理控制有關投放額度。 在本機構之合併財務狀況表內各金融資 產的賬面值已反映了每項財務資產所承 受之最高信貸風險。 本機構有四類財務資產須遵行預期信貸 虧損模式，包括現金及等同現金、應收 貸款、應收賬項、預付款及押金及按攤 銷成本列賬之債務投資。現金及銀行結 存亦需遵循香港財務報告準則第9號之 減值要求，因對口單位為擁有高信貸評 級的銀行，故其信貸風險有限及已識辨 之減值虧損並不重大。
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