Page 211 - Hang Lung Properties 2012 Annual Report

29 關連人士交易
除該等已於財務報表其他部份披露之交易
及結餘外，年／期內，本集團於其日常業務
過程中訂立以下關連人士交易：
(a) 本公司之一同系附屬公司就發展上海
之物業「恒隆廣場」，向本公司之附
屬公司注入資金作為資本投資。於二
零一二年十二月三十一日之款項為一
千四百萬元（二零一一年：一千四百
萬元）。
(b) 董事及主要管理層酬金已於附註 6 及
28(b) 披露。
30 財務風險管理目標及政策
利率、流動資金、信貸及貨幣風險來自本
集團之正常業務。本集團有以下經管理層
批准之政策及方法以管理該等風險。
(a) 利率風險
本集團之利率風險來自銀行存款及浮息借
貸。本集團密切監察利率變動，以及於有
利定價機會來臨時（如適用）以新銀行融資
替換原有借貸。此外，本集團設立一個提
供固定利率設施之計劃以管理利率風險。
計息財務資產及負債之利率於附註 14 、
15、18及 21予以披露。
根據期末進行關於銀行存款及借貸之模擬
分析，如所有其他變數維持不變，市場利
率較年結日適用之利率增加一百個基點之
影響將增加本集團之除稅後溢利及總權益
約一億四千二百萬元（二零一一期間：三百
萬元）。
29 RELATED PARTY TRANSACTIONS
Except for the transactions and balances already disclosed elsewhere in
the financial statements, the Group entered into the following related party
transactions during the year/period in its ordinary course of business:
(a) A fellow subsidiary of the Company contributed funds as capital
investment to a subsidiary of the Company for the development
of Plaza 66, a property in Shanghai. The amount outstanding at
December 31, 2012 was $14 million (2011: $14 million).
(b) Emoluments to directors and key management has been
disclosed in notes 6 and 28(b).
30 FINANCIAL RISK MANAGEMENT OBJECTIVES
AND POLICIES
Exposure to interest rate, liquidity, credit and currency risks arises in
the normal course of the Group’s business. The Group has policies and
practices approved by management as described below in managing
these risks.
(a) Interest rate risk
The Group’s interest rate risk arises primarily from deposits with
banks and borrowings issued at floating rates. Interest rate trend
and movements are closely monitored and, if appropriate, existing
borrowings will be replaced with new bank facilities when favorable
pricing opportunities arise. In addition, the Group established the
Programme which provides fixed interest rate facilities to the Group
and assists the Group to manage its interest rate risk.
The interest rates of interest-bearing financial assets and liabilities are
disclosed in notes 14, 15, 18 and 21.
Based on the simulations performed at year end in relation to the
Group’s bank deposits and borrowings, it was estimated that the
impact of a 100 basis-point increase in market interest rates from
the rates applicable at the year end date, with all other variables held
constant, would increase the Group’s profit after taxation and total
equity by approximately $142 million (P.E. 12/2011: $3 million).
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