Haier 2008 Annual Report Download - page 23

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
21
Financial Review
財務回顧
It is expected that the business environment in 2009 will continue to be
volatile. However, the Group is confident that with its strong research
and development capabilities, value-added customers-oriented product
development, strong brand recognition and global talents development,
the Group will be able to overcome the challenges and emerge from this
economic challenging period as an even stronger company.
Liquidity and Financial Resources
The Group has maintained a healthy financial and liquidity position
with a current ratio of 123% as at 31 December 2008 (2007: 114%).
As at 31 December 2008, the Group had a cash and cash equivalents
balance of HK$696 million (2007: HK$595 million); bank and other
borrowings of approximately HK$162 million (2007: HK$215 million)
of which approximately HK$28 million (2007: HK$62 million) was due
within one year and approximately HK$134 million (2007: HK$153
million) was due over one year.
Due to our focus on cashflow management, the Group has been able
to maintain a very strong cash position with a net cash balance (cash
balance less borrowings) of HK$534 million as at 31 December 2008. Our
sufficient balance of liquidity ensures that we will have a financial flexibility
when the market recovers and investment opportunities arise.
There is no material effect of seasonality on the Group’s borrowing
requirements.
The Group had capital commitments amounting to HK$34 million as at
31 December 2008 (2007: HK$18 million), all being contracted capital
commitments, which were mainly related to purchase of machinery for
the expansion in production capacity of the Group’s businesses.
Gearing Ratio
As at 31 December 2008, the Group maintained a gearing ratio (defined
as total borrowings plus Convertible Notes over net assets) of 13%
(2007: 41%).
二零零九年之市場環境預計仍然波動。然而，憑藉
強勁之研發能力、以客戶為導向之高附加值產品研
發、強大之品牌知名度以及全球化之人才管理培
養，本集團將有能力克服諸多挑戰，在經歷過現階
段經濟挑戰後將更加強大。
流動資金及財務資源
本集團之財政及流動資金狀況穩健，於二零零八年
十二月三十一日之流動比率為123%（二零零七年：
114%）。於二零零八年十二月三十一日，本集團之
現金及現金等值項目結餘為696,000,000 港元（二
零零七年：595,000,000港元）； 銀行及其他借貸約
162,000,000港元（二零零七年：215,000,000港元），
其中約28,000,000港元（二零零七年：62,000,000港
元）於一年內到期，而約134,000,000港元（二零零七
年：153,000,000港元）於超過一年後到期。
由於本集團著重現金流量管理，故此本集團得以
維持十分穩健之現金狀況，於二零零八年十二月
三十一日之現金結餘淨額（現金結餘減借貸）為
534,000,000港元。本集團充足之流動資金結餘，確
保其於市場復甦及投資機遇出現時，在財務上具備
靈活性。
本集團之借貸需要並無重大季節性影響。
於二零零八年十二月三十一日， 本集團之資本承擔為
34,000,000港元（二零零七年：18,000,000港元），
即為已訂約資本承擔，主要由於為提高本集團業務
產能而購買機器所致。
負債資本比率
於二零零八年十二月三十一日，本集團之負債資本
比率（定義為按借貸總額加可換股票據除以資產淨值
計算）為13%（二零零七年：41%）。
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