Annual Report 2018

102 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 董事會報告書 REPORT OF THE DIRECTORS PRINCIPAL RISKS AND UNCERTAINTIES (continued) Risks and uncertainties relating to the Group’s results and financial position (continued) 2. The Group had HK$296,864,000 (approximately 27.0%) of interest bearing borrowings at 31 December 2018 that are at floating rates, therefore the Group’s finance costs and interest expenses in respect of these borrowings will fluctuate with changes in interest rates. The Group’s borrowings in Hong Kong are denominated in HKD, and bear interest rate at a margin above Hong Kong interbank offered rates. In respect of the Group’s borrowings in RMB, the interest rates are mainly determined by the benchmark lending rates of the People’s Bank of China. Any increase in these benchmark interest rates in the future will increase the interest expenses of the Group. In addition to the changes in these benchmark lending rates which will not only affect the Group’s borrowings, the margin on costs of borrowings of the Group will also be affected by changes in availability of funding and prevailing interest rate of the credit market. Any change in the interest rate in connection with the currencies the Group borrows will increase the Group’s finance costs, and therefore will have adverse impact to the results of operations and financial position of the Group. 主要風險和不明朗因素 （續） 關於本集團之業績及財務狀況的風險和不 明朗因素 （續） 2. 本集團於二零一八年十二月三十一日有 港幣 296,864,000 元（約 27.0% ）的計息 貸款按浮動利率計息，因此本集團的財 務成本和利息支出會隨著利率的變動而 波動。本集團在香港的貸款均以港幣為 單位，及按香港銀行同業拆息加溢價計 息。有關本集團的人民幣貸款，利率主 要是由中國人民銀行的貸款基準利率確 定。任何該等基準利率上升將令本集團 的利息支出增加。該等貸款基準利率的 變動除對集團的借貸有影響外，本集團 的借貸成本之溢價亦將受到資金的充足 性和信貸市場的現行利率變動之影響。 任何關於本集團貸款貨幣之利率變動將 增加本集團的財務成本，及因而對本集 團經營業績和財務狀況產生不利影響。