Page 93 - EdUHK Annual Report 2016-2017

1 Signi cant accounting policies (Continued)
1.16 Related parties (Continued)
(b) An entity is related to the Group if any of the following conditions applies: (Continued)
(iii) Both entities are joint ventures of the same third party.
(iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity.
(v) The entity is a post-employment bene t plan for the bene t of employees of either the Group or an entity related to the Group.
(vi) The entity is controlled or jointly controlled by a person identi ed in (a).
(vii) A person identi ed in (a)(i) has signi cant in uence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).
(viii) The entity, or any member of a group of which it is a part, provides key management personnel services to the Group.
Close members of the family of a person are those family members who may be expected to in uence, or be in uenced by, that person in their dealings with the entity.
2 Financial risk and fund risk management
2.1 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”) because most of the nancial assets held under treasury investments and cash balances which are subject to foreign exchange movements are denominated in USD.
1 主要會計政策概要 (續)
1.16 關聯方 (續)
Notes to the Financial Statements
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)
財務報表附註
(乙) 如符合下列任何條件，即企業實體是 本集團的關聯方: (續)
(三) 兩家實體是同一第三方的合營 企業。
(四) 一家實體是第三方實體的合 營企業，而另一實體是第三方
實體的聯營公司。
(五) 該實體是為本集團或作為本 集團關聯方的任何實體的僱員
福利而設的離職後福利計劃。
(六) 該實體受到上述第(甲)項內所 認定人士控制或共同控制。
(七) 上述第(甲)(一)項內所認定人 士對該實體有重大影響力或 是該實體 (或該實體母公司)的
關鍵管理人員。
(八) 該實體或其所屬集團內的任 何成員向本集團提供主要管
理人員服務。
一名個人的近親是指與有關實體交易並可能影 響該個人或受該個人影響的家庭成員。
2 財務風險及資金風險管理
2.1 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 美元的匯率波動。
香港教育大學 2016-2017 年報 /
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