Annual Report 2019

176 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） (b) 信貸風險 （續） (i) 管控該風險 為管控該風險，本集團的 存款主要存入國有金融 機構及有良好信譽的銀 行。本集團已制定政策以 確保銷售予擁有相當財 政實力、信用歷史及支 付適當百分比首期付款 的信譽良好客戶，亦制定 其他監控程式以確保採 取跟進措施收回逾期債 務。 此外，本集團定期審核個 人客戶的信用限額授權 及每項個別應收賬款的 可收回金額，以確保已就 不可收回款項計提充分 的減值虧損。 本 集 團 有 信 貸 集 中 風 險。截 至 二 零 一 九 年 十二月三十一日止年度 銷售的貨物予中國客戶 佔本集團營業額 74.8% （二零一八年： 79.1%) 。 於 二 零 一 九 年 十 二 月 三十一日，其約佔應收 賬款賬面總額的 85.4% （二零一八年： 83.3%) 。 本集團持續密切監控尚 未償還應收結餘的收回 情況，務求將信貸風險降 至最低。 3 FINANCIAL RISK MANAGEMENT (continued) 3.1 Financial risk factors (continued) (b) Credit risk (continued) (i) Risk management To manage this risk, deposits of the Group are mainly placed with state– owned f i nanc i a l i ns t i t u t i ons and repu t ab l e banks . The Group has policies in place to ensure that sales are made to reputable and creditworthy c u s t ome r s w i t h a n a p p r o p r i a t e financial strength, credit history and an appropriate percentage of down payments. It also has other monitoring procedures to ensure that follow- up action is taken to recover overdue debts. In addition, the Group reviews regularly the authorisation of credit limits to individual customers and recoverable amoun t o f each i nd i v i dua l t r ade receivables to ensure that adequate impa i rmen t l os ses a r e made f o r irrecoverable amounts. The Group has concentration of credit risk. Sales of goods to the customers g e o g r a p h i c a l l y l o c a t e d i n PRC constituted 74.8% (2018: 79.1%) of the Group’s revenue for the year ended 31 December 2019. They accounted for approximately 85.4% (2018: 83.3%) of the gross trade receivable balances as at 31 December 2019. Collections of outstanding receivable balances are closely monitored on an ongoing basis to minimise such credit risk.