Page 198 - Hang Lung Group 2012 Annual Report

31 FINANCIAL RISK MANAGEMENT OBJECTIVES
AND POLICIES (Continued)
(a) Interest rate risk (Continued)
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 $117 million (P.E. 12/2011: decrease the Group’s profit
after taxation and total equity by approximately $17 million).
This analysis is based on a hypothetical situation, as in practice market
interest rates rarely change in isolation, and should not be considered
a projection of likely future profits or losses. The analysis assumes the
following:
– changes in market interest rates affect the interest income and
interest expenses of floating rate financial instruments and bank
borrowings; and
– all other financial assets and liabilities are held constant.
31 財務風險管理目標及政策（續）
(a) 利率風險（續）
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
約一億一千七百萬元（二零一一期間：減
少本集團之除稅後溢利及總權益一千七
百萬元）。
此分析乃根據假設情況而進行，因為實際
上，市場利率很少單獨改變，故此不應被
視作未來溢利或虧損之預測。這分析假定
以下各項：
— 市場利率變化會影響浮息金融工具及
銀行借貸之利息收入及支出；及
— 所有其他財務資產及負債維持不變。
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