Annual Report 2020

FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 173 2020 ANNUAL REPORT 年報 3 財務風險管理 （續） 3.1 財務風險因素 （續） (a) 市場風險 （續） (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 本集團因租賃負債、銀行 貸款及按公平值計入損 益之金融負債而承受公 平值利率風險，本集團亦 因浮息銀行結餘承受現 金流利率風險。 本集團並無使用金融衍 生工具對沖利率風險，但 是，有時如果利率波動很 大，將會採取適當的措施 管理利息風險。 於 二 零 二 零 年 十 二 月 三十一日，如按公平值計 入損益之金融負債的利 率減少╱增加 100 個利率 基點而所有其他變數維 持不變，則本集團年內除 稅後溢利將減少╱增加 港 幣 2,989,000 元（ 二 零 一九年： 2,109,000 元）。 除按公平值計入損益之 金融負債外，本集團不會 承受重大的現金流和公 平值利率風險。 3 FINANCIAL RISK MANAGEMENT (continued) 3.1 Financial risk factors (continued) (a) Market risk (continued) (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 The Group is exposed to fair value interest rate risk in relation to lease liabilities, bank borrowings and financial liability at fair value through profit or loss. The Group is also exposed to cash flow interest rate risk in relation to variable-rate bank balances. The Group has not used financial derivatives to hedge against the interest rate risk. However, from time to time, if interest rate fluctuates significantly, appropriate measures would be taken to manage interest risk exposure. As at 31 December 2020, if interest rate on financial liability at fair value through profit or loss had been 100 basis points lower/higher with all other variables held constant, post-tax profit for the year of the Group would have been approximately HK$2,989,000 (2019: HK$2,109,000) lower/higher. Other than financial liability at fair value through profit or loss, the Group is not exposed to significant cash flow and fair value interest rate risk.