Annual Report 2016
125
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
13. DERIVATIVE FINANCIAL INSTRUMENTS
THE GROUP
2016
2015
Assets Liabilities
Assets Liabilities
HK$’000 HK$’000
HK$’000 HK$’000
Forward foreign exchange contracts
–
(14)
20
(92)
Forward foreign exchange contracts
The following table details the forward foreign currency contracts outstanding at the end of the
reporting period:
Outstanding contracts
Exchange rates
Amount in foreign currency
Total notional amount
Fair value
2016
2015
2016
2015
2016
2015
2016
2015
’000
’000
HK$’000
HK$’000
HK$’000
HK$’000
Buy YEN and sell HK$
YEN 1/
YEN 1/
200,000
185,000
13,808
12,007
(6)
(63)
Less than 3 months
HK$0.06904084
HK$0.0646 to
HK$0.0651
Buy YEN and sell HK$
YEN 1/
YEN 1/
204,000
70,000
14,070
4,557
(8)
(29)
Less than 3 months
HK$0.06897
HK$0.0651
Buy YEN and sell HK$
N/A
YEN 1/
N/A
110,000
N/A
7,097
N/A
20
Less than 3 months
HK$0.0645
Note:
The foreign currency forwards will be settled in net on maturity of the contracts.
Fair value changes of derivative financial instruments have been recognised in profit or loss as part
of other gains and losses during the financial years.
