Page 96 - EdUHK Annual Report 2015-2016

THE EDUCATION UNIVERSITY OF HONG KONG 香港教育大學
(Expressed in Hong Kong dollars unless otherwise stated)(除另有說明外，所有金額以港幣為單位)
3 Financial risk and fund risk management
3.1 Financial risk factors
The Group’s activities expose it to a variety of nancial risks: market risk, credit risk and liquidity risk. The Group’s overall risk management procedures focus on the unpredictability of nancial markets and seek to minimise potential adverse effects on the Group’s nancial performance.
(a) Market risk
(i) Foreign exchange risk
The Group conducts its operation in Hong Kong with its transactions denominated in Hong Kong dollars (“HKD”). The Group derives its operation income mainly in HKD. The Group’s foreign currency exposures arise mainly from and are substantially limited to the exchange rate movements between HKD and United States dollars (“USD”) and Renminbi (“RMB”) because most of the nancial assets held under treasury investments and cash balances which are subject to foreign exchange movements are denominated in USD and RMB.
The following table details the Group’s and the University’s exposure at the end of reporting period to currency risk arising from recognised assets or liabilities denominated in a currency other than the functional currency of the entity to which they relate. For presentation purposes, the amounts of the exposure are shown in HKD, translated using the spot rate at the end of the reporting period.
3 財務風險及資金風險管理
3.1 財務風險因素
本集團的活動承受著多種財務風險:市場風 險、信貸風險及流動資金風險。本集團的整體 風險管理計劃專注於財務市場的不可預知性， 並尋求盡量減低對本集團財務表現的潛在不 利影響。
(甲) 市場風險
(一) 外匯風險
本集團在香港營運，而其交易 以港幣為單位。本集團的營運 收入主要來自港幣。由於大部 份在資金投資下持有的金融 資產和現金結餘是以美元和 人民幣為單位，故本集團的外 匯風險主要來自(亦大部份限 於)港幣兌美元和人民幣的匯 率波動。
下表詳列本集團及教大於結 算日以相關實體的功能貨幣以 外的貨幣計值的已確認資產 或負債所產生的貨幣風險額 度。為 方 便 列 報，風 險 承 擔 額 均按結算日的現貨匯率換算， 並以港幣列示。
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The Education University of Hong Kong Annual Report 2015-2016