Annual Report 2019

245 年報 ANNUAL REPORT 2019 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 30 按公平值計入損益之金融負債 （續） 可換股債券初步按公平值確認為按公平 值計入損益之金融負債。可換股債券的 公平值由由獨立且具有專業資格的估值 師漢華評值有限公司評估。該估值的釐 定採用與布萊克 • 斯科爾斯模型與三叉 法。 截至二零一九年十二月三十一日止年 度，按公平值計入損益之金融負債的賬 面淨額變動如下： 附註： 使用重大的無法觀察輸入數據進行公平值計量 （第三級） 於二零一九年十二月三十一日採用主要無法觀 察輸入數據評估按公平值計入損益之金融負債 為： 倘無風險收益率上升 1% ，其影響將減少當期損 益港幣 1,837,000 元。無風險收益率越高，公平值 會低。 倘波動率上升 5% ，其影響將增加當期損益約港幣 3,601,000 元。無風險收益率越高，公平值會高。 30 FINANCIAL LIABILITY AT FAIR VALUE THROUGH PROFIT OR LOSS (continued) The Convertible Bonds are initially recognised at the fair value as financial liability at fair value through profit or loss. The fair value of the Convertible Bonds as at 31 December 2019 was valued by the independent and professionally qualified valuer, Greater China Appraisal Limited. The valuation was determined using Black- Scholes model with Trinominal Tree method. The movement of the financial liability at fair value through profit or loss during the year ended 31 December 2019 is as below: HK$’000 港幣千元 As at 11 February 2019 (the “Issuance Date”) 於二零一九年二月十一日 （「發行日」） 150,000 Settlement 償付 (3,000) Fair value loss recognised in profit or loss (Note 8) 已於損益內確認之公平值虧損 （附註 8 ） 5,944 As at 31 December 2019 於二零一九年十二月三十一日 152,944 Note: Fair value measurements using significant unobservable inputs (level 3) The key unobservable inputs used in the valuation of the financial liability at fair value through profit or loss as at 31 December 2019 are: Valuation technique Unobservable inputs 估值方法 無法觀察輸入數據 Black-Scholes model with Trinominal Tree method Risk-free rate 1.99% 布萊克 • 斯科爾斯模型與三叉法 無風險收益率 Volatility 50.51% 波動率 If the risk-free rate shifted upward by 1%, the impact on profit or loss would be HK$1,837,000 lower. The higher the risk-free rate, the lower the fair value. If the volatility shifted upward by 5%, the impact on profit or loss would be HK$3,601,000 higher. The higher the volatility, the higher the fair value.