貿易通 2021 年年報

Management Discussion and Analysis (Continued) 管理層討論及分析（續） 32 Tradelink Electronic Commerce Limited Annual Report 2021 財務回顧（續） 持有的重大投資（續） 投資詳情如下： (i) 透過其他全面收益按公允價值計量的上市債 務證券 於二零二一年十二月三十一日，透過其他全 面收益按公允價值計量的上市債務證券為 2 項（二零二零年十二月三十一日： 9 項）以美元 計值的企業債券，投資成本為港幣 9,700,000 元，乃由從事房地產行業的香港上市公司 或其附屬公司發行。於二零二一年十二月三 十一日，每項投資的面值介乎 300,000 美元 至 1,000,000 美元而票面息率介乎每年 5.5% 至 6.55% 。該等債券的公允價值總計為港幣 9,400,000 元（佔本集團資產總值的 1.7% ）。 2 項企業債券將於二零二四年及二零二五年 到期。於二零二一年十二月三十一日，賬面 總值的 100% （二零二零年十二月三十一日： 34% ）投資於非投資級別或沒有評級的企業 債券。概無（二零二零年十二月三十一日： 66% ）投資於投資級別企業債券。於二零二一 年十二月三十一日持有的所有企業債券均可 於公開市場交易。 於二零二一年，由於 5 項企業債券於年內到 期並於年內出售若干企業債券，因此撥回減 值虧損撥備（即預期信貸虧損）港幣 1,900,000 元。由於減少了投資於該等資產，因此透過 其他全面收益按公允價值計量的上市債務 證券產生的利息收入於二零二一年跌至港 幣 2,800,000 元（二零二零年：港幣 8,500,000 元）。另外為減緩風險起見，本集團於二零 二一年錄得出售企業債券虧損港幣 4,800,000 元，主要是為了結束面臨的一項企業債券風 險。各項於二零二一年出售或到期的債券的 面值均不超過 3,000,000 美元。 Financial Review (Continued) Significant Investments Held (Continued) The details of the investments are as below: (i) Listed debt securities measured at FVOCI The listed debt securities measured at FVOCI as at 31 December 2021 were 2 (31 December 2020: 9) USD-denominated corporate bonds with investment costs of HK$9.7 million, issued by Hong Kong listed companies or their subsidiaries in the real estate sector. As at 31 December 2021, the nominal value of each investment ranged from US$0.3 million to US$1 million whereas the coupon rate ranged from 5.5% to 6.55% per annum. The aggregate fair value of these bonds were HK$9.4 million (accounting for 1.7% of the Group’s total assets). The 2 corporate bonds will mature in 2024 and 2025. As at 31 December 2021, 100% (31 December 2020: 34%) of the total carrying amount was in non-investment grade or non-rated corporate bonds. Nil (31 December 2020: 66%) was in investment grade corporate bonds. All corporate bonds held as at 31 December 2021 were tradable in open market. During 2021, a reversal of the provision for impairment loss (i.e. expected credit loss) of HK$1.9 million was made as 5 corporate bonds matured and some disposed of during the year. Interest income generated from the listed debt securities measured at FVOCI decreased to HK$2.8 million in 2021 (2020: HK$8.5 million) as a result of reduced investment in these assets. On the other hand, the Group recorded loss on disposal of corporate bonds of HK$4.8 million in 2021 mainly to close the exposure in a corporate bond for risk mitigation. Each of the bonds disposed of or matured in 2021 was no more than US$3 million nominal value.