Annual Report 2013/14

Hong Kong Cyberport Management Company Limited

Annual Report 2013/14

158

3 Financial risk management and fair values

of financial instruments

(continued)

Notes to the Financial Statements

財務報表附註

(c) Capital risk management

The Company’s objectives when managing capital are to

safeguard the Company’s ability to continue as a going

concern in order to provide returns for shareholders and

benefits for other stakeholders and to maintain an optimal

capital structure to reduce the cost of capital. The

Company’s strategy remains unchanged for the year

ended 31 March 2014.

Management reviews the capital structure periodically and

manages its overall capital structure if necessary. As at 31

March 2014 and 2013, the Company was in a net cash

position.

4 Critical accounting estimates and

judgements

Estimates and judgements are continually evaluated and

are based on historical experience and other factors,

including expectations of future events that are believed

to be reasonable under the circumstances.

The Company makes estimates and assumptions

concerning the future. The resulting accounting estimates

will, by definition, seldom equal the related actual results.

The estimates and assumptions that have a significant

effect on the carrying amounts of assets and liabilities are

discussed below:

(a) Impairment of non-financial assets

The Company performs review for impairment of non-

f i nanc i a l as set s whenever event s or changes i n

circumstances indicate that the carrying amount of the

assets may not be recoverable.

The Company reviews certain indicators of potential

impairment such as reported sale and purchase prices,

market demand and general market conditions. The

Company considers the Cyberport Portion (comprising

Cyberport 1, Cyberport 2, Cyberport 3, Cyberport 4, the

Arcade and the Hotel but excluding information

technology facilities) as a portfolio of assets and identifies

the cash-generating unit to which the portfolio of assets

belongs by referring to the valuation performed by

external valuers.

Based on the Company’s best estimates, no provision for

impairment loss on the non-financial assets including the

Cyberport Portion is necessary.

財務風險管理及金融工具之公允

價值

（續）

(c)

資本風險管理

本公司之管理資本目標為保障公司能繼續

營運之餘，能為股東帶來回報及為其他持

份者帶來利益，並維持最理想之資本結

構，以減少資本成本。截至

2014

年

月

日止年度內，本公司之策略維持不變。

管理層定期檢討資本結構，並在必要時調

度其總體資本結構。本公司於

2014

年和

2013

年

月

日均處於現金淨額狀況。

關鍵會計估計及判斷

估計及判斷乃根據過往經驗及其他因素持

續進行評估，其他因素包括在相關情況下

對未來事件之合理預測。

本公司就未來作出估計及假設。按其定

義，所作會計估計很少會與其實際結果相

同。此等對資產和負債賬面值有著重大影

響的估計與假設論述如下：

(a)

非金融資產之減值

每當出現顯示資產之賬面值未能收回之情

況或情形變化時，本公司就會對非金融資

產之減值進行審視。

本公司會檢討某些潛在之減值跡象，如報

告之買賣價格、市場需求及一般市場狀

況。本公司將數碼港部份（包括數碼港

座、數碼港

座、數碼港商場及數碼港艾美酒店，但不

包括資訊科技設施）視為一個資產組合，

並參考外聘估值師之估值，確定該資產組

合所屬之現金產生單位。

根據本公司之最佳估計，毋須對於包括數

碼港部份之非金融資產減值損失作出撥備。