Haier 2008 Annual Report Download - page 138
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Annual Report 2008
二零零八年年報
海爾電器集團有限公司
Haier Electronics Group Co., Ltd
136
Notes to Financial Statements
財務報表附註
31 December 2008
二零零八年十二月三十一日
36. Financial Risk Management Objectives and
Policies
The Group’s principal financial instruments comprise interest-bearing
borrowings, convertible notes and cash and short term deposits.
The main purpose of these financial instruments is to raise finance
for the Group’s operations or acquisitions. The Group has various
other financial assets and liabilities such as trade and bills receivables
and trade, which arise directly from its operations.
It is, and has been, throughout the year under review, the
Group’s policy that no trading in financial instruments shall be
undertaken.
The main risks arising from the Group’s financial instruments are
interest rate risk, foreign currency risk, credit risk and liquidity risk.
The board review and agrees policies for managing each of these
risks and they are summarised below.
Interest rate risk
The Group’s exposure to the risk of changes in market interest rates
relates primarily to the Group’s borrowings with floating interest
rates. The Group does not use derivative financial instruments to
hedge its exposure to interest rate risk.
The following table demonstrates the sensitivity to a reasonably
possible change in interest rates, with all other variables held
constant, of the Group’s profit before tax (through the impact on
floating rate borrowings). There is no significant impact on other
components of the Group’s equity.
36. 財務風險管理目標及政策
本集團之主要金融工具包括計息借貸、可換股
票據及現金與短期存款。該等金融工具之主要
目的是為本集團營運或收購集資。本集團有多
種其他財務資產及負債，如直接來自業務之應
收貿易賬款及票據。
於整個回顧年度，本集團之政策為不進行任何
金融工具買賣。
來自本集團金融工具之主要風險為利率風險、
外幣風險、信貸風險及流動資金風險。董事會
檢討及協定各類風險之管理政策概述如下。
利率風險
本集團之市場利率變動風險主要有關本集團之
浮息借貸。本集團並無使用衍生金融工具對沖
其利率風險。
下表列示在所有其他變數不變之情況下，對本
集團除稅前溢利利率合理可能變動之敏感度（透
過對浮息借貸造成之影響）。對本集團其他權益
部分並無重大影響。
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