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 176 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 3 財務風險管理 （續） 3.1 財務風險因素 （續） (b) 信貸風險 （續） (ii) 金融資產減值 （續） 對於應收票據，開票由知 名銀行的交易對手和信 貸風險被認為是低的。 那些對手在過去沒有違 約。因此，預期信用損失 率估計接近零，在期末沒 有進行撥備。 為了衡量預期的信用損 失，已根據共同的信貸風 險特徵和賬齡概況對應 收賬款進行了分組。 管理層認為，將為已知財 務困難的餘額或不回應 收款活動的餘額作全額 計提準備金，而剩餘餘額 的預期信用損失率是根 據過去三年中發生的歷 史信用損失確定的，並進 行了調整以反映當前及 前瞻性信息包括影響客 戶償付應收賬款能力的 宏觀經濟因素。 應收款項減值損失於綜 合損益表呈列為「金融資 產減值損失淨額」。當應 收款項無法收回時，將從 應收款項的備抵賬戶中 沖銷。之前已註銷的金額 的後續回收將記入同一 行項目。 3 FINANCIAL RISK MANAGEMENT (continued) 3.1 Financial risk factors (continued) (b) Credit risk (continued) (ii) Impairment of financial assets (continued) For bills receivable, bills are issued by counterparties at reputable banks and the credit risk is considered to be low. Those counterparties do not have defaults in the past. Therefore, expected credit loss rate is assessed to be close to zero and no provision was made as at each of the end of reporting period. To measure the expected credit losses, trade receivables have been grouped based on sha red c red i t r i sk characteristics and aging profile. Management considers that full provision would be made for balances with known financial difficulties or those not responding to collection activities, while the expected credit loss rates of the remaining balances are determined based on historical credit losses experienced over the past 3 years and adjusted to reflect current and forward- l ook i ng i n f o rma t i on i nc l ud i ng macroeconomic factors affecting the ability of the customers to settle the receivables. Impairment losses on receivables are presented as “net impairment losses on financial assets” in the consolidated statement of profit or loss. When a receivable is uncollectible, it is written off against the allowance account for receivables. Subsequent recoveries of amounts previously written off are credited against the same line item.