Hong Kong Housing Society Annual Report 2014
126
Notes to the Financial Statements
ৌਕజ
ڝڌ
ൗ
5 Financial risk management objectives and policies
(continued)
(c) Market risk
(continued)
(iii)Interest rate risk
The Housing Society’s exposure on cash flow interest rate risk
and fair value interest rate risk mainly arises from its loans
receivable and time deposits.
As the time deposits usually mature within one year, the
exposure is considered not material. Management of the
Housing Society monitors the interest rate profile of loans
receivable regularly.
Sensitivity analysis
At the end of the reporting period, it is assumed that a general
increase/decrease of 50 basis points (2013: 50 basis points) in
interest rates, with all other variables held constant, would have
increased/decreased the Housing Society’s surplus by
approximately HK$29.6 million (2013: HK$34.4 million).
(d) Financial assets and liabilities measured at fair value
Fair value hierarchy
The following table presents the fair value of the Housing Society’s
financial assets and liabilities measured at the end of the reporting
period on a recurring basis, categorised into the three-level fair
value hierarchy as defined in HKFRS 13,
Fair value measurement
.
The level into which a fair value measurement is classified is
determined with reference to the observability and significance of
the inputs used in the valuation technique as follows:
• Level 1 valuations: Fair value measured using only Level 1
inputs, i.e. unadjusted quoted prices in active markets for
identical assets or liabilities at the measurement date.
5
財務風險管理目標及政策
（續）
(c)
市場風險
（續）
(iii)
利率風險
房屋協會的現金流量利率風險
及公允值利率風險主要由應收
貸款和定期存款。
定期存款通常在一年內到期，
所以其風險不高。房屋協會應
收貸款之利率資料由管理層定
時監察。
敏感度分析
於報告期末，假設利率一般
增加 ／減少五十個基點）二零
一三年：五十個基點）（所有其
他變數保持不變），估計房屋
協會的盈餘增加或減少約港幣
二千九百六十萬元（二零一三
年：約港幣三千四百四十萬
元）。
(d)
金融資產及負債按公允價值
計量
公允價值等級
下表呈列按經常性基準於結算日在
《香港財務報告準則》第十三號「公
允價值計量」所界定下之三個公允
價值等級中，以公允價值計量房屋
協會之金融資產及負債。公允價值
計量被歸類等級之確定，乃參照下
列在估值方法中使用輸入數據之可
觀察性及重要性：
•
第一級估值：只使用第一級輸
入數據計量其公允會價值，即
於計量日以相同資產及負債在
活躍市場之未經調整報價。
