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5 Financial risk management objectives and
policies
(continued)
(c) Market risk
(continued)
(i) Foreign exchange risk
(continued)
Sensitivity analysis
(continued)
5
財務風險管理目標及政策
（續）
(c)
市場風險
（續）
(i)
外幣對換風險
（續）
敏感度分析
（續）
2016
2015
Currency
strengthened/
weakened by
升值或貶值
Effect on
surplus for
the year
對本年盈餘
的影響
Currency
strengthened/
weakened by
升值或貶值
Effect on
surplus for
the year
對本年盈餘
的影響
(in HK$Million)
（港幣百萬元）
(in HK$Million)
（港幣百萬元）
Renminbi
人民幣
1%
–
1%
29.6
Euro
歐羅
1%
11.9
1%
12.1
Pound Sterling
英鎊
1%
5.7
1%
6.1
Japanese Yen
日元
1%
5.0
1%
4.8
Other currencies
其他貨幣
1%
10.9
1%
10.6
(ii) Price risk
The Housing Society is exposed to price risk arising from
investment related financial assets and liabilities. This
risk is controlled and monitored by asset allocation limit.
At the end of the reporting period, it is estimated that an
increase/decrease of 1% (2015: 1%) in the market prices
of the investment related financial assets and liabilities,
with all other variables held constant, would have
increased/decreased the Housing Society’s surplus by
approximately HK$150.0 million (2015: HK$148.9
million).
The sensitivity analysis above assumes that the changes
in the market prices of the investment related financial
assets and liabilities or other relevant risk variables had
occurred at the end of the reporting period and had been
applied to re-measure those investment related financial
assets and liabilities held by the Housing Society which
expose the Housing Society to price risk at the end of the
reporting period.
(ii)
價格風險
房屋協會面對價格風險是由
有關投資的財務資產及負
債，此風險是由資產分配限
額來監控的。
於報告期末，預料有關投資
的財務資產及負債所連繫之
投資市場價格百分之一之上
升 ／下跌（二零一五年：百分
之一）所有其他變數保持不
變，估計房屋協會的盈餘會
增加或減少約港幣一億五千
萬元（二零一五年：約港幣
一億四千八百九十萬元）。
上述敏感度分析乃假設有關
投資的財務資產及負債之投
資市場價格或其他相關風險
變數於報告期末已出現變
動，並已應用於重新計量房
屋協會於報告期末所持有並
使房屋協會面對股票價格風
險之有關投資的財務資產及
負債。
131
香港房屋協會
2016
年年報
Notes to the Financial Statements
財務報表附註