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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
一五年：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
港幣五千六百萬元（二零一五
年：約港幣二千四百四十
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。
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 (2015: 50
basis points) in interest rates, with all other variables held
constant, would have increased/decreased the Housing
Society’s surplus by approximately HK$56.0 million
(2015: HK$24.4 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.
Hong Kong Housing Society Annual Report 2016
132
Notes to the Financial Statements
財務報表附註
FINANCIAL STATEMENTS
財務報表