Annual Report 2008

Sunny Optical Technology (Group) Company Limited 舜宇光學科技（集團）有限公司 136 Notes to the Consolidated Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2008 綜合財務報表附註 截至二零零八年十二月三十一日止年度 29. 金融工具（續） b. 財務風險管理目標及政策（續） 信貸風險 因交易對手未能履行責任導致本集團承 受財務虧損的最大信貸風險，乃來自本 集團綜合資產負債表所列各項已確認金 融資產賬面值。 為減低信貸風險，管理人員委派團隊負 責釐定信貸限額、審批信貸及其他監控 程序，確保為不可收回金額計提足夠減 值虧損。因此，本公司董事認為本集團 的信貸風險已大大降低。 本年，若干按公允值計入損益之金融資 產致使本集團面對信貸風險（已披露在附 註 22 ）。其回報及本金並無獲對方銀行擔 保，且其結算是按最終貸款人或相關資 產的表現作參考。此外，這些結構性存 款僅存放在幾間銀行，也致使本集團面 對信貸集中風險。 由於交易對手均為信貸評級良好的銀 行，故有關流動資金的信貸風險有限。 除於信貸級評級變好的銀行存放的流動 資金及結構性存款存在信貸集中風險 外，本集團另有信貸集中風險，本集團 總貿易應收款中，第一大客戶與前五大 客戶分別為 9% （二零零七年： 11% ）和 37% （二零零七年： 42% ）。 29.FINANCIAL INSTRUMENTS (Continued) b. Financial risk management objectives and policies (Continued) Credit risk The Group’s maximum exposure to credit risk which will cause a financial loss to the Group due to failure to perform an obligation by the counterparties is arising from the carrying amount of the respective recognised financial assets as stated in the Group’s consolidated balance sheet. In order to minimise the credit risk, management has delegated a team responsible for the determination of credit limits, credit approvals and other monitoring procedures to ensure adequate impairment losses are made for irrecoverable amounts. In this regard, the directors of the Company consider that the Group’s credit risk is significantly reduced. The Group is exposed to credit risk through the investments in certain financial assets designated as at fair value through profit or loss (as disclosed in note 22) in current year. The return and principal amounts are not guaranteed by the counterparty banks and the settlement depends on the performance of the ultimate borrowers or the relevant underlying assets. Besides, the Group is exposed to concentration of credit risk in respect of these structured deposits because those balances were deposited with several banks only. The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings. Other than concentration of credit risk on liquid funds and structured deposits which deposited with several banks with high credit ratings, the Group has concentration of credit risk as 9% (2007: 11%) and 37% (2007: 42%) of the total trade receivables was due from the Group’s largest customer and the five largest customers, respectively.