FDRC 2018 Annual Report

Notes to Financial Statements 財務報表附註 (Expressed in Hong Kong dollars) （以港幣列示） Annual Report 2018 年度報告 65 13. FINANCIAL RISK MANAGEMENT AND FAIR VALUES Exposure to liquidity, credit, interest rate and currency risks arises in the normal course of the Company’s business. The Company’s exposure to these risks and the financial risk management policies and practices used by the Company to manage these risks are described below. (a) Liquidity risk The Company’s policy is to regularly monitor current and expected liquidity requirements to ensure that it maintains sufficient reserves of cash. The following table represents the earliest contractual settlement dates of the Company’s financial liabilities at the end of reporting period: 2018 2017 Carrying amount Within 1 year or on demand More than 1 year but less than 5 years Carrying amount Within 1 year or on demand More than 1 year but less than 5 years 賬面金額 1 年內或 按要求償還 1 年後 但 5 年內 賬面金額 1 年內或 按要求償還 1 年後 但 5 年內 Accruals and other payables $ 1,157,244 $ 1,157,244 $ – $ 1,358,009 $ 1,358,009 $ – 應計款項和其他應付款 (b) Credit risk The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet after deducting any impairment allowance. The Company’s credit risk is primarily attributable to cash placed with banks and deposits and other receivables. At year end, the credit risk is not significant as the cash was placed with reputable banks. The management monitors the credit risk associated with cash placed with banks and deposits and other receivables on an ongoing basis. No amounts of deposits and other receivables are past due or impaired. 13. 金融風險管理和公允價值 本公司須在正常業務過程中承受流動資金、信 貸、利率和貨幣風險。 本公司對這些風險的承擔額以及為管理這些風險 所採用的金融風險管理政策和慣常做法載列於下 文。 (a) 流動資金風險 本公司的政策是定期監察現時及預期的流動資金 需求，以確保維持充裕的現金儲備。 下表顯示了於報告期末本公司財務負債的最早訂 約結算日期： (b) 信貸風險 本公司承受的最大信貸風險額度是指於資產負債 表中各項金融資產在扣除任何減值準備後的賬面 金額。 本公司的信貸風險主要來自銀行現金存款、按金 和其他應收款。於年度結算日，由於有關現金存 放於多家信譽良好的銀行，因此，本公司的信貸 風險不大。管理層會持續監管與銀行現金存款、 按金和其他應收款有關的信貸風險。本公司並無 任何逾期或出現減值的按金和其他應收款。