Page 96 - EdUHK Annual Report 2016-2017

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)
2
2.1
Financial risk and fund risk management (Continued)
Financial risk factors (Continued)
2 財務風險及資金風險管理 (續)
2.1 財務風險因素 (續)
(甲) 市場風險 (續) (二) 利率風險
本集團的利率風險主要來自在 庫務投資下持有的計息金融 資產，此等資產根據本集團的 政策和指引定期檢討。
根據在二零一七年六月三十日 進行的敏感度分析，假若以浮 動利率計息的銀行存款的利率 上升50個基點或下跌25個基 點而所有其他變數維持不變， 則該年度的盈餘將會因為銀行 存款的利息收入上升 / 下跌而 分別相應增加1,484,000元(二 零一六年:增加828,000元)或 減少268,000元(二零一六年: 減少155,000元)。
(三) 價格風險
價格變動風險乃來自被分類 為按公允價值列賬及透過收 益表處理的股票投資。但本集 團並無承受商品價格風險。為 管理其股票價格風險，本集團 在其所設定的限額內分散投 資組合。基於本集團持有的上 市股權投資組合的數額不大， 管理層認為本集團的股權價 格風險甚低。
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The Education University of Hong Kong Annual Report 2016-2017
(a)
Market risk (Continued)
(ii) Interest rate risk
The Group’s interest rate risk arises primarily from the interest-bearing nancial assets held under treasury investments, which are reviewed on a regular basis in accordance with the Group’s policies and guidelines.
Based on the sensitivity analysis performed at
30 June 2017, if interest rates on variable rate interest-bearing bank deposits had been 50 basis points higher or 25 basis points lower with all other variables held constant, surplus for the year would have been $1,484,000 higher (2016: $828,000 higher) or $268,000 lower (2016: $155,000 lower) respectively, as a result of higher/lower interest income on bank deposits.
(iii) Price risk
Price risk refers to equity price changes arising from equity investments classi ed as nancial assets
at fair value through pro t or loss. The Group is
not exposed to commodity price risk. To manage
its equity price risk, the portfolio is diversi ed
in accordance with the limits set by the Group. Given the insigni cant amount of the portfolio of listed equity investments held by the Group, the management believes that the Group’s equity price risk is minimal.