Annual Report 2014/15

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Hong Kong Cyberport Management Company Limited
Annual Report 2014/15 102
Page 102
3 Financial risk management and fair values of
financial instruments (continued)
Notes to the Financial Statements 財務報表附註
(a) Financial risk factors (continued)
(ii) Credit risk (continued)
For investments in securities, the Company adopts a
prudent policy to invest in securities only with very strong
investment-grade credit ratings and limit exposure to any
single investment. The exposures to these credit risks are
monitored on an ongoing basis.
For rent receivable from tenants, credit checks are part of
the normal leasing process and stringent monitoring
procedures are in place to deal with overdue debts. In
addition, the Company reviews the recoverable amount of
each individual balance outstanding at the end of the
reporting period to ensure that adequate provision for
impairment losses is made for irrecoverable amounts.
The Company normally receives rents in advance from
tenants on a monthly basis and also has policies in place
to obtain rental deposits or bank guarantees from tenants
prior to commencement of leases.
For other trade receivables, the exposure to these credit
risks is monitored on an ongoing basis. Credit evaluations
are performed on all customers requiring credit over a
certain amount. These receivables are due ranging from
30 to 60 days from the date of billing. Normally, the
Company does not obtain collateral from customers.
The Company has no significant concentrations of credit
risk.
(iii) Liquidity risk
Liquidity risk is the risk that the Company is unable to
meet its current obligations when they fall due. Prudent
liquidity risk management includes maintaining sufficient
cash and the availability of funding through operating
cash flows and advance from the immediate holding
company.
The Company’s policy is to regularly monitor its current
and expected liquidity requirements to ensure that it
maintains sufficient reserves of cash to meet its liquidity
requirements in the short and longer term.
3 財務風險管理及金融工具之公允
價值（續）
(a) 財務風險因素（續）
(ii) 信貸風險（續）
就證券投資，本公司採用審慎之政策，只
投資於具有非常高之投資級信貸評級以及
限制投資於任何單一之證券。本公司將持
續監察這些信貸風險。
就應收租戶租金而言，正常出租程序均包
括信貸審查並對過期未償還之債項採取嚴
謹監控程序。此外，本公司審視各報告期
末個別結欠債項之可收回金額，以確保就
無法收回之款項作出足夠減值虧損撥備。
本公司通常按月提前向租戶收取租金，並
設有政策以確保租戶於租賃前必須繳交租
戶按金或銀行擔保。
就其他應收賬款，本公司持續監察這些信
貸風險。對所有要求超過一定信貸額之客
戶進行信貸評估。此等應收賬款之信貸期
通常為從發票發出日後之 30 至60 天。一
般情況下，本公司不會向客戶收取抵押物。
本公司並無重大信貸集中風險。
(iii) 流動資金風險
流動資金風險指本公司未能償還到期之當
期債務之風險。審慎之流動資金風險管理
包括透過營運現金流量和直接控股公司之
墊款維持充裕現金及可供動用資金。
本公司之政策是定期監察目前及預期之流
動資金需求，確保維持足夠之現金儲備，
滿足其短期及長期之流動資金需要。