Haier 2008 Annual Report Download - page 141

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
139
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 (Cont’d)
Credit risk
The Group trades only with recognised and creditworthy third
parties. It is the Group’s policy that all customers who wish to
trade on credit terms are subject to credit verification procedures.
In addition, receivable balances are monitored on an ongoing basis
and the Group’s exposure to bad debts is not significant.
The credit risk of the Group’s other financial assets, which comprise
cash and cash equivalents and other receivables, arises from default
of the counterparty, with a maximum exposure equal to the carrying
amounts of these instruments.
Since the Group trades only with recognised and creditworthy
third parties, there is no requirement for collateral. Concentrations
of credit risk are analysed by customer/counterparty and by
geographical region. At the balance sheet date, the Group had
certain concentrations of credit risk as 96% (2007: 94%) of the
Group’s trade receivables were due from the five largest customers
of the Group.
Further quantitative data in respect of the Group’s exposure to
credit risk arising from trade receivables are disclosed in note 20
to the financial statements.
Liquidity risk
The Group monitors its risk to a shortage of funds using a recurring
liquidity planning tool. This tool considers the maturity of both its
financial instruments and financial assets (e.g., trade receivables)
and projected cash flows from operations.
The Group’s objective is to maintain a balance between continuity
of funding and flexibility through the use of bank loans and other
borrowings. It is the Group’s policy to renew its loan agreements
with Haier Finance or major local banks in Mainland China upon
the maturity of the Group’s short term bank loans and other
borrowings.
The maturity profile of the Group’s financial liabilities as at the
balance sheet date, based on the contractual undiscounted
payments, is as follows:
36. 財務風險管理目標及政策 （續）
信貸風險
本集團僅與著名及信譽良好之第三方進行交
易。根據本集團之政策，所有有意以記賬形式
進行交易之客戶均須經過信貸核實程序。此
外，本集團亦持續監察應收賬款結餘，而本集
團之壞賬風險並不重大。
就本集團其他財務資產（包括現金及現金等值項
目及其他應收賬款）之信貸風險而言，本集團之
信貸風險來自交易對手違約，最大風險以該等
工具之賬面值為限。
由於本集團僅與著名及信譽良好的第三方進行
交易，因此並無要求提供抵押。信貸風險集中
程度按客戶╱交易對手及按地區進行分析。於
結算日，本集團有一定信貸風險集中度，原因
為本集團之應收貿易賬款其中96%（二零零七
年︰ 94%）為應收本集團之五大客戶款項。
有關本集團來自應收貿易賬款之信貸風險進一
步量化數據，於財務報表附註20披露。
流動資金風險
本集團透過循環流動資金計劃工具監控資金短
缺風險。有關工具考慮其金融工具及財務資產
（例如應收貿易賬款）之到期日以及經營業務之
預測現金流量。
本集團之目標為透過銀行貸款及其他借貸維持
資金之持續性及彈性之平衡。本集團之政策為
在本集團之短期銀行貸款及其他借貸期滿時，
續訂與海爾財務或中國大陸主要地方銀行訂立
之貸款協議。
於結算日，按照已訂約無折扣付款計算，本集
團財務負債之到期日組合如下：
56432.27c!Opuft/joee!!!24:56432.27c!Opuft/joee!!!24: 33050311:!!!5;25;6933050311:!!!5;25;69