FDRC 2018 Annual Report

Notes to Financial Statements 財務報表附註 (Expressed in Hong Kong dollars) （以港幣列示） Financial Dispute Resolution Centre 金融糾紛調解中心 64 12. CAPITAL AND RESERVE (continued) (b) Capital management The Company defines “capital” as the reserves maintained by the Company. On this basis the amount of capital employed at 31 December 2018 was $ 40,872,769 (2017: $51,742,706). The Company’s primary objectives when managing capital are to safeguard the Company’s ability to continue as a going concern. The Company regularly reviews and manages its capital structure to ensure effective use of reserves and the sound financial status of the Company. Under the Terms of Reference for the Company in relation to the FDRS, the Financial Services and the Treasury Bureau (“FSTB”), the HKMA and the SFC shall fund the set-up costs and the operational costs of the Company in the first three years, i.e. from 1 January 2012 to 31 December 2014. To allow more time for the Company to carry out its consultation study on funding formula, however, the three funding parties agreed that the Company may use its accumulated surplus and their funding commitments to sustain the operation of the Company after 31 December 2014 until around 2021/2022. Upon the implementation of its funding formula and subject to the results of the consultation, the Company shall be funded by the members of the FDRS, as part of the financial industry’s commitment to the general public to resolve disputes in a fair and efficient manner. The Company was not subject to externally imposed capital requirements. 12. 資本和儲備 （ 續 ） (b) 資本管理 本公司將「 資本 」界定為由本公司持存的儲備。 按此基準計算，於二零一八年十二月三十一日的 資 本 額 為 40,872,769 元（ 2017 年： 51,742,706 元 ）。本公司管理資本的主要目的是保障本公司 可持續經營。 本公司會定期檢討及管理其資本架構，以確保能 有效運用儲備及本公司的財政狀況穩健。根據本 公司就調解計劃訂立的職權範圍，財經事務及庫 務局、金管局及證監會撥付本公司首三年（ 即自 二零一二年一月一日至二零一四年十二月三十一 日止 ）的創立成本及營運開支。但為本公司提供 更充裕時間來對融資方案進行諮詢研究，三個出 資方已同意使用本公司的累計盈餘及財務承擔， 以資助本公司於二零一四年十二月三十一日至二 零二一╱二零二二年期間的運作。在實施融資方 案後及取決於諮詢結果，調解計劃的成員將為本 公司提供資金，以體現金融業以公平高效的方式 為公眾解決糾紛的承擔。 本公司毋須遵守外間訂立的資本規定。