Haier 2010 Annual Report Download - page 195

31 December 2010
二零一零年十二月三十一日
NOTES TO FINANCIAL STATEMENTS
財務報表附註
HAIER ELECTRONICS GROUP CO., LTD 海爾電器集團有限公司
Annual Report 2010 二零一零年年報 193
41. 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 managed by customer/counterparty and by
geographical region. There are no significant concentrations of
credit risk within the Group as the customer bases of the Group’s
trade receivables are widely dispersed in different sectors.
Further quantitative data in respect of the Group’s exposure to
credit risk arising from trade receivables are disclosed in note 23
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
when funding is needed.
41. 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管理。由
於本集團應收貿易賬款由大量分散於不同行業
之客戶組成，本集團內並無顯著集中之信貸風
險。
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23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。有關工具考慮其財務工具及財務資產
（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而需
要資金時，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。