Annual Report 2018
206 FOR THE YEAR ENDED 31 DECEMBER 2018 截至二零一八年十二月三十一日止年度 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 綜合財務報告附註 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 3 財務風險管理 (續) 3.1 財務風險因素 (續) (a) 市場風險 (續) (i) 外匯風險(續) 以人民幣為其功能貨幣 的公司(續) 於 二 零 一 八 年 十 二 月 三十一日,倘美元兌人 民幣貶值╱升值 5% , 而 所 有 其 他 可 變 因 素 維 持 不 變 , 本 集 團 年 內 除 稅 後 溢 利 及 權 益 將 減 少 ╱ 增 加 約 港 幣 56,920,000 元(二零一七 年 : 港 幣 53,236,000 元),主要由於換算以美 元為單位的銀行結存及 現金,應收賬款,其他 應收款,應付賬款,其 他應付款及預提費用及 集團公司往來賬目產生 外匯差異所致。 (ii) 價格風險 本集團面臨與其鋼鐵產 品 有 關 的 商 品 價 格 風 險,而這主要取決於相 關商品的市場價格。本 集團密切監察其產品價 格,以釐定其定價策略。 (iii) 現金流及公平值利率風 險 由於本集團並無重大計 息資產,因此本集團的 收入及經營現金流量基 本上不受市場利率變動 影響。 3 Financial risk management (continued) 3.1 Financial risk factors (continued) (a) Market risk (continued) (i) Foreign exchange risk (continued) Fo r compan i es w i t h RMB as t he i r functional currency (continued) As at 31 December 2018, if US$ had weakened/strengthened by 5% against RMB wi t h a l l o t he r va r i ab l es he l d constant, post-tax profit for the year and equity of the Group would have been approximately HK$56,920,000 (2017: HK$53,236,000) lower/higher, respec t i ve l y , ma i n l y as a resu l t of the foreign exchange difference on translation of US$ denominated bank balances and cash, trade receivables, other receivables, trade payables, other payables and accruals and the current account with group companies. (ii) Price risk The Group is exposed to commodity price risk in relation to its steel products wh i ch i s l arge l y dependent on the market price of the relevant commodity. The Group closely monitors the price of its products in order to determine its pricing strategies. (iii) Cash flow and fair value interest rate risk A s t h e G r o u p h a s n o s i g n i f i c a n t interest-bearing assets, the Group’s income and operating cash flows are substantially independent of changes in market interest rates.
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