Annual Report 2008

Annual Report 2008 年報 137 29.FINANCIAL INSTRUMENTS (Continued) b. Financial risk management objectives and policies (Continued) Market risks The Group’s activities expose it primarily to the market risks of price risk, interest rate risk and foreign currency rate risk. Market risk exposures are further measured by sensitivity analysis. Details of each type of market risks are described as follows: Price risk The Group is exposed to price risk through the investments in certain available-for-sale investments (as disclosed in note 15) in current year. The Group has closely monitored the price risk and will consider hedging the risk exposure should the need arise. Price sensitivity analysis The sensitivity analysis has been determined based on the exposure to price risks at the balance sheet date for available- for-sale investments (excluding investment in an investee company which is measured at cost less impairments). If the prices of the respective instruments had been 5% (2007: 5%) higher/lower, investment valuation reserve would increase/decrease by RMB200,000 (2007: increase/decrease by RMB3,310,000 for the Group as a result of the changes in fair value of available-for-sale investments. 29. 金融工具（續） b. 財務風險管理目標及政策（續） 市場風險 本集團業務的主要市場風險為價格風 險、利率風險及匯率風險。市場風險進 一步按敏感度釐定。以下為各類市場風 險的詳情： 價格風險 本年，若干可供出售投資致使本集團面 對價格風險（已披露在附註 15 ）。本集團 密切監控價格風險，並於有需要時考慮 對沖風險。 價格敏感度分析 價格敏感度分析乃根據結算日可供出售 投資（不包括以成本扣除減值計算的於所 投資公司的投資）的價格風險來確定。 倘相關工具的價格上升╱下降 5% （二零 零七年： 5 % ），可供出售投資的公允值 改變，使投資重估儲備會增加╱減少約 人民幣 200,000 元（二零零七年：增加╱ 減少約人民幣 3,310,000 元）。