Interim Report 2018

Management Discussion and Analysis 管理層討論與分析 舜宇光學科技（集團）有限公司 2018 中期報告 21 市場風險的量化和質化披露 利率風險 本集團面對作為營運資金以及用於本集團拓展和 其它用途的資本開支的銀行借貸利率風險。利率 上調會增加現有及新增債務成本。截至二零一八 年六月三十日止六個月，固定利息銀行借貸的實 際年利率約 3.92% 。而可變利息銀行借貸的實際 年利率約 2.73% 至 3.92% 。 匯率波動風險 本集團部分產品會出口銷售至國際巿場，同時也 從國際巿場購買大量產品，以上交易以美元或其 它外幣計算。有關本集團外匯期權合約及遠期外 匯合約之詳情，請參閱簡明綜合財務報表附註內 的附註 19 。除就本集團業務所進行及以外幣列值 的若干投資外，本集團並未及並無計劃作出任何 外幣投資。 信貸風險 本集團的金融資產包括衍生金融資產、銀行結餘 及現金、已抵押銀行存款、短期定期存款、按公 允值計入損益之金融資產、貿易及其他應收款 項、應收關連人士款項、可供出售投資、按公允 值計入其他全面收益的權益工具及按攤銷成本計 量的債務工具，為本集團所面對有關金融資產的 最大信貸風險。 QUANT I TAT I VE AND QUAL I TAT I VE DISCLOSURE ABOUT MARKET RISK Interest Rate Risk The Group is exposed to interest rate risks on its bank borrowings for working capital and capital expenditures that are associated with the expansion of the Group and for other uses. The rising of interest rates increases the costs of both existing and new debts. For the six months ended 30 June 2018, the effective interest rate on fixed- rate bank borrowings was approximately 3.92% per annum, while the effective interest rate on variable-rate bank borrowings was approximately from 2.73% to 3.92% per annum. Foreign Exchange Rate Fluctuation Risk The Group exports a portion of its products to and purchases a considerable amount of products from international markets where transactions are denominated in U.S. dollars or other foreign currencies. Please refer to the information of the Group’s foreign currency options and forward contracts at Note 19 of the notes to the condensed consolidated financial statements. Except certain investments which are in line with the Group’s business and which are denominated in foreign currencies, the Group did not and has no plan to make any foreign currency investment. Credit Risk The Group’s financial assets include derivative financial assets, bank balances and cash, pledged bank deposits, short-term fixed deposits, financial assets at fair value through profit or loss, trade and other receivables, amounts due from related parties, available- for-sale investments, equity instruments at fair value through other comprehensive income, and debt instruments at amortised cost, which represent the Group’s maximum exposure to credit risk in relation to financial assets.