Annual Report 2019
174 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 FOR THE YEAR ENDED 31 DECEMBER 2019 截至二零一九年十二月三十一日止年度 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 九 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 溢利將減少╱增加港幣 2,291,000 元(二零一八 年:本集團年內除稅後 虧損將增加╱減少港幣 2,955,000 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) For companies with RMB as their functional currency (continued) As at 31 December 2019, if US$ had weakened/strengthened by 5% against RMB with all other variables held constant, post-tax profit for the year of the Group would have been HK$2,291,000 lower/higher (2018: post-tax loss for the year of the Group would have been HK$2,955,000 higher/ lower), mainly as a result of the foreign exchange difference on translation of US$ 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 which is largely 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 As t he Group has no s i gn i f i can 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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