136 / 148
(Expressed in Hong Kong dollars unless otherwise indicated)
NOTES TO THE FINANCIAL STATEMENTS
OF HK ELECTRIC INVESTMENTS MANAGER LIMITED
9. Capital management
The primary objectives of the Company when managing capital are to safeguard the Company’s ability to continue as
a going concern, so that it can continue to provide returns for the sole member and benefits for other stakeholders. As
the Company is part of a larger group, the Company’s sources of additional capital and policies for distribution of excess
capital may also be affected by the group’s capital management objectives.
The Company defines “capital” as including all components of equity. The Company actively and regularly reviews and
manages its capital structure to support its future capital requirements and operations. The Company has a specific and
limited role to administer the Trust. All its capital requirements are fully supported by the ultimate holding company.
The Company was not subject to externally imposed capital requirements during the current and prior years.
10. Immediate and ultimate controlling parties
At 31 December 2016, the Directors consider the immediate and ultimate holding companies of the Company to be Sure
Grade Limited and Power Assets which are incorporated in the British Virgin Island and Hong Kong, respectively. Power
Assets produces financial statements available for public use.
11. Financial risk management
The Company was not exposed to any significant credit, liquidity, interest rate and currency risks in the normal course of
its business during the current and prior years.
12. Material related party transactions
Except for the transactions and balances disclosed elsewhere in the financial statements, the Company did not enter into
material related party transactions.
13. Possible impact of amendments, new standards and interpretations issued but not yet
effective for the year ended 31 December 2016
Up to the date of issue of these financial statements, the HKICPA has issued a number of amendments and new standards
which are not yet effective for the year ended 31 December 2016 and which have not been adopted in these financial
statements.
The Company is in the process of making an assessment of what the impact of these amendments and new standards is
expected to be in the period of initial application. So far, it has concluded that the adoption of them is unlikely to have a
significant impact on the Company’s results of operations and financial position.
136
HK ELECTRIC INVESTMENTS