Dah Sing Bank 70th Anniversary
大新銀行70週年
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 1
財務概要 Financial Summary 2
組織摘要 Corporate Information 4
董事及高層管理人員簡介 Directors’ and Senior Management’s Profile 6
主席報告書 Chairman’s Statement 12
董事總經理兼行政總裁報告書 Managing Director and Chief Executive’s Statement 15
業務回顧 Review of Operations 19
企業管治報告 Corporate Governance Report 33
環境、社會及管治報告 Environmental, Social and Governance Report 59
董事會報告書 Report of the Directors 72
附屬公司董事 Directors of Subsidiaries 92
綜合收益賬 Consolidated Income Statement 93
綜合全面收益表 Consolidated Statement of Comprehensive Income 94
綜合財務狀況表 Consolidated Statement of Financial Position 95
綜合權益變動表 Consolidated Statement of Changes in Equity 96
綜合現金流量結算表 Consolidated Statement of Cash Flows 98
財務報表附註 Notes to the Financial Statements 99
未經審核補充財務資料 Unaudited Supplementary Financial Information 278
獨立核數師報告 Independent Auditor’s Report 306
主要附屬銀行－分行分佈表 Major Banking Subsidiaries – Lists of Branches 315
目錄
CONTENTS
財務概要
FINANCIAL SUMMARY
大新銀行集團有限公司 2016年年報2
以百萬港元位列示 HK$ Million 2012 2013 2014 2015 2016
股東資金 Shareholders’ funds 15,403 17,050 19,941 21,468 22,991
後償債務 Subordinated notes 3,979 3,762 5,432 5,320 7,146
客戶存款 Deposits from customers 117,936 129,843 142,580 150,848 153,863
已發行的存款證 Certificates of deposit issued 5,753 6,133 6,110 6,232 6,560
存款總額 Total deposits 123,689 135,976 148,690 157,080 160,423
負債總值（包括後償債務） Total liabilities (including subordinated notes) 140,674 150,162 165,372 174,549 182,204
客戶貸款（不包括貿易票據） Advances to customers (excluding trade bills) 86,174 97,978 105,230 109,625 113,655
資產總值 Total assets 155,839 167,227 185,328 196,032 205,211
股東應佔溢利 Profit attributable to shareholders 1,480 1,756 2,034 2,201 2,145
全年派發股息 Total dividend distribution 388 449 505 533 533
以港元位列示 HK$
每股基本盈利 Basic earnings per share
每股股息 Dividends per share
以百分比列示 Percentage %
貸款對存款比率（註 1） Loan to deposit ratio (Note 1)
Notes:
1. Loan to deposit ratio is calculated as the ratio of total advances to
customers (excluding trade bills) to total deposits (including certificates
of deposit issued).
註：
1. 貸款對存款比率為客戶貸款總額（不包括貿易票
據）對存款總額（包括已發行的存款證）之比率。
財務概要
FINANCIAL SUMMARY
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 3
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
%
0
10
20
30
40
50
60
70
80
90
100
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
220,000
客戶貸款 ／存款總額
Advances to customers / Total deposits
百萬港元 HK$ Million
資產總值
Total assets
百萬港元 HK$ Million
12 13 14 15 16
0
股東資金
Shareholders’ funds
百萬港元 HK$ Million
每股基本盈利 ／每股股息
Basic earnings per share /
Dividends per share
港元 HK$
貸款（不包括貿易票據）對存款
（包括已發行的存款證）比率
Loan (excluding trade bills) to deposit
(including certificates of deposit issued) ratio
客戶貸款（不包括貿易票據）
Advances to customers
(excluding trade bills)
存款總額
Total deposits
資產總值
Total assets
股東資金
Shareholders’ funds
每股股息
Dividends per share
每股基本盈利
Basic earnings per share
12 13 14 15 16
12 13 14 15 16 12 13 14 15 16
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
12
3,
68
9
97
,9
78 10
5,
23
0
10
9,
62
5
86
,1
74
13
5,
97
6 14
8,
69
0
15
7,
08
0
16
0,
42
3
11
3,
65
5
15
5,
83
9
16
7,
22
7 18
5,
32
8
19
6,
03
2
20
5,
21
1
15
,4
03 1
7,
05
0
19
,9
41 2
1,
46
8
22
,9
91
15
,4
03 1
7,
05
0
19
,9
41 2
1,
46
8 22
,9
91
1.
15
0.
31
1.
35
0.
33
1.
49
0.
38
1.
57
1.
53
0.
38
0.
36
組織摘要
CORPORATE INFORMATION
大新銀行集團有限公司 2016年年報4
DAH SING BANKING GROUP LIMITED
BOARD OF DIRECTORS
Executive Directors
David Shou-Yeh Wong
Chairman
Hon-Hing Wong (Derek Wong)
Vice Chairman
Harold Tsu-Hing Wong
Managing Director and Chief Executive
Gary Pak-Ling Wang
Independent Non-Executive Directors
Robert Tsai-To Sze
Andrew Kwan-Yuen Leung
Seng-Lee Chan
Yuen-Tin Ng
Non-Executive Director
Kenichi Yamato
AUDIT COMMITTEE
Robert Tsai-To Sze
Chairman
Seng-Lee Chan
Yuen-Tin Ng
NOMINATION AND REMUNERATION COMMITTEE
Robert Tsai-To Sze
Chairman
Andrew Kwan-Yuen Leung
Seng-Lee Chan
David Shou-Yeh Wong
COMPANY SECRETARY
Doris Wai-Nar Wong FCIS, FCS
大新銀行集團有限公司
董事會
執行董事
王守業
主席
黃漢興
副主席
王祖興
董事總經理兼行政總裁
王伯凌
獨立非執行董事
史習陶
梁君彥
陳勝利
吳源田
非執行董事
大和健一
審核委員會
史習陶
主席
陳勝利
吳源田
提名及薪酬委員會
史習陶
主席
梁君彥
陳勝利
王守業
公司秘書
王慧娜 FCIS, FCS
組織摘要
CORPORATE INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 5
SENIOR MANAGEMENT
Nicholas John Mayhew
Executive Director of Dah Sing Financial Holdings Limited and
Deputy Chief Executive of Dah Sing Bank, Limited
Eddie Shing-Tat Lau
Executive Director and Alternate Chief Executive of Dah Sing Bank,
Limited
Phoebe Mei-Chun Wong
Executive Director and Alternate Chief Executive of Dah Sing Bank,
Limited
Vincent Ho-Wing Yau
Chief Executive Officer and Director of Dah Sing Bank (China)
Limited
Eddie Yiu-Fai Kong
Chief Executive Officer and Director of Banco Comercial de Macau,
.
AUDITORS
PricewaterhouseCoopers
Certified Public Accountants in Hong Kong
SOLICITORS
Herbert Smith Freehills
REGISTERED OFFICE
36th Floor, Dah Sing Financial Centre
108 Gloucester Road, Hong Kong
Tel: 2507 8866
Fax: 2598 5052
.: DSBAHKHH
Website:
SHARE REGISTRAR AND TRANSFER OFFICE
Computershare Hong Kong Investor Services Limited
Shops 1712-1716, 17th Floor, Hopewell Centre
183 Queen’s Road East, Wan Chai, Hong Kong
SHARE LISTING AND STOCK CODE
The Stock Exchange of Hong Kong Limited
Stock code: 2356
MAJOR BANKING SUBSIDIARIES
Dah Sing Bank, Limited
Dah Sing Bank (China) Limited
Banco Comercial de Macau, .
(Please see pages 315 to 320 of this annual report for respective lists
of branches.)
高層管理人員
麥曉德
大新金融集團有限公司執行董事兼大新銀行
有限公司副行政總裁
劉成達
大新銀行有限公司執行董事兼替任行政總裁
王美珍
大新銀行有限公司執行董事兼替任行政總裁
游浩榮
大新銀行（中國）有限公司行政總裁兼董事
江耀輝
澳門商業銀行股份有限公司行政總裁兼董事
核數師
羅兵咸永道會計師事務所
香港執業會計師
律師
史密夫•斐爾律師事務所
註冊辦事處
香港告士打道108號
大新金融中心36樓
電話：2507 8866
傳真：2598 5052
環球財務電訊：DSBAHKHH
網址：
股份登記及過戶處
香港中央證券登記有限公司
香港灣仔皇后大道東183號
合和中心17樓1712至1716室
股份上市及股份代號
香港聯合交易所有限公司
股份代號: 2356
主要附屬銀行
大新銀行有限公司
大新銀行（中國）有限公司
澳門商業銀行股份有限公司
（請參閱本年報第315至320頁所載各附屬銀行之
分行分佈表。）
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
大新銀行集團有限公司 2016年年報6
BOARD OF DIRECTORS
Mr. David Shou-Yeh Wong
Chairman
Mr. Wong, aged 76, was appointed as the Chairman of the Company
in 2004. He is currently the Chairman of Dah Sing Financial Holdings
Limited (“DSFH”), Dah Sing Bank, Limited, Banco Comercial de
Macau, ., Dah Sing Life Assurance Company Limited, Dah Sing
Insurance Company (1976) Limited, Macau Insurance Company
Limited, Macau Life Insurance Company Limited and various
other companies. He serves as a member of the Nomination and
Remuneration Committee of both the Company and DSFH. Mr.
Wong is the Honorary President of Guangdong Chamber of Foreign
Investors and a Vice President of The Hong Kong Institute of Bankers.
Mr. Wong has over 50 years of experience in banking and finance. He
is the father of Mr. Harold Tsu-Hing Wong, the Managing Director and
Chief Executive of the Company.
Mr. Hon-Hing Wong (Derek Wong)
Vice Chairman
Mr. Wong, aged 64, was appointed as the Managing Director of the
Company in 2004 and promoted as Vice Chairman in April 2011. He
was appointed as Director of Dah Sing Financial Holdings Limited
in 1993 and promoted as its Managing Director in January 2002. He
joined Dah Sing Bank, Limited (“DSB”), a key operating subsidiary
of the Company, in 1977 and has served and managed various
departments before appointed as a Director of DSB in 1989 and was
promoted as its Managing Director in 2000 and Vice Chairman in April
2011. Mr. Wong is the Chairman of Dah Sing Bank (China) Limited
and a director of various major subsidiaries of the Group. He is also
a Director of Great Wall Life Insurance Company Limited, and a Non-
Executive Director and Vice Chairman of Bank of Chongqing Co., Ltd.
(listed in Hong Kong) in which the Group has a % equity interest.
Mr. Wong is an Associate of The Institute of Bankers (.) and a
Founder Member of The Hong Kong Institute of Bankers and The
International Retail Banking Council of the . Mr. Wong has over 35
years of experience in banking.
董事會
王守業先生
主席
王先生，76歲，於2004年獲委任為本公司主席。
彼現任大新金融集團有限公司（「大新金融」）、大
新銀行有限公司、澳門商業銀行股份有限公司、
大新人壽保險有限公司、大新保險 (1976)有限公
司、澳門保險股份有限公司、澳門人壽保險股份
有限公司及多間公司之主席。彼為本公司及大新
金融提名及薪酬委員會成員。王先生為廣東外商
公會名譽會長及香港銀行學會副會長。王先生擁
有逾50年銀行及金融業務經驗。彼為本公司董事
總經理兼行政總裁王祖興先生之父親。
黃漢興先生
副主席
黃先生，64歲，於2004年獲委任為本公司董事
總經理，至2011年4月晉升為本公司之董事會副
主席。彼於1993年獲委任為大新金融集團有限
公司董事，至2002年1月晉升為董事總經理。彼
於1977年加入本公司之主要營運附屬公司大新銀
行有限公司（「大新銀行」）服務，輾轉掌管多個部
門，繼1989年成為大新銀行董事及於2000年晉
升為董事總經理後，至2011年4月獲委任為董事
會副主席。黃先生為大新銀行（中國）有限公司董
事長及集團內多間主要附屬公司之董事。彼亦為
長城人壽保險股份有限公司董事以及本集團擁有
%權益之重慶銀行股份有限公司（於香港上
市）之非執行董事及副董事長。黃先生為英國銀
行學會會士以及香港銀行學會及英國國際零售銀
行理事會創始會員。黃先生擁有逾35年銀行業務
經驗。
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 7
BOARD OF DIRECTORS (Continued)
Mr. Robert Tsai-To Sze
Independent Non-Executive Director
Mr. Sze, aged 76, was appointed as an Independent Non-Executive
Director of the Company in 2004. He is also an Independent Non-
Executive Director of Dah Sing Financial Holdings Limited (“DSFH”),
Dah Sing Bank, Limited, Dah Sing Bank (China) Limited and Dah Sing
Life Assurance Company Limited. He serves as the Chairman of the
Audit Committee and the Nomination and Remuneration Committee
of both the Company and DSFH, and an independent non-executive
Director of a number of Hong Kong listed companies as set out
below. Mr. Sze is a Fellow of The Institute of Chartered Accountants
in England and Wales and The Hong Kong Institute of Certified Public
Accountants. He was a former partner of an international firm of
accountants with which he practised for over 20 years.
Apart from the Company and DSFH, Mr. Sze also holds/held
directorships in other Hong Kong listed companies during the last
3 years, namely, China Travel International Investment Hong Kong
Limited, Hop Hing Group Holdings Limited, Min Xin Holdings Limited,
Nanyang Holdings Limited, Sunwah Kingsway Capital Holdings
Limited, Asia Satellite Telecommunications Holdings Limited (retired
in June 2013) and QPL International Holdings Limited (retired in
September 2013).
Mr. Andrew Kwan-Yuen Leung
Independent Non-Executive Director
Mr. Leung, aged 66, was appointed as an Independent Non-Executive
Director of the Company in 2004 and Dah Sing Bank, Limited, a key
operating subsidiary of the Company, in 2006. He has served as
a member of the Nomination and Remuneration Committee of the
Company since 2005. He is the current President of the Legislative
Council of Hong Kong and is currently a Legislative Councillor
(Industrial First) and the Honorary President of Federation of Hong
Kong Industries and Textile Council of Hong Kong. He ceased as
a Council Member of the Hong Kong Trade Development Council
with effect from 31 December 2015 and retired as a Director of The
Hong Kong Mortgage Corporation Limited with effect from 25 April
2016. He is an Independent Non-Executive Director of China South
City Holdings Limited, CN Innovations Holdings Limited and Harbour
Centre Development Limited.
董事會（續）
史習陶先生
獨立非執行董事
史先生，76歲，於2004年獲委任為本公司獨立非
執行董事。彼亦為大新金融集團有限公司（「大新
金融」）、大新銀行有限公司、大新銀行（中國）有
限公司及大新人壽保險有限公司之獨立非執行董
事。彼為本公司及大新金融審核委員會以及提名
及薪酬委員會主席，以及下述多家香港上市公司
獨立非執行董事。史先生為英格蘭及威爾斯特許
會計師公會及香港會計師公會資深會員。彼曾出
任為一間國際會計師行前合夥人，於該行執業超
逾20年。
除本公司及大新金融外，史先生亦為現時╱曾經
於過往3年期間於其他多家香港上市公司擔任董
事職務，分別為香港中旅國際投資有限公司、合
興集團有限公司、閩信集團有限公司、南洋集團
有限公司、新華匯富金融控股有限公司、亞洲衛
星控股有限公司（於2013年6月退任）及品質國際
集團有限公司（於2013年9月退任）。
梁君彥先生
獨立非執行董事
梁先生，66歲，分別於2004年及2006年獲委任
為本公司及本公司主要營運附屬公司大新銀行有
限公司獨立非執行董事。彼自2005年起出任為本
公司提名及薪酬委員會成員。梁先生現任香港立
法會主席，現為（工業界一）立法會議員及香港工
業總會及香港紡織業聯會名譽會長。彼由2015年
12月31日起停任香港貿易發展局理事會理事及由
2016年4月25日起退任香港按揭證券有限公司董
事。彼為華南城控股有限公司、中南創發控股有
限公司及海港企業有限公司獨立非執行董事。
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
大新銀行集團有限公司 2016年年報8
BOARD OF DIRECTORS (Continued)
Mr. Seng-Lee Chan
Independent Non-Executive Director
Mr. Chan, aged 70, was appointed as an Independent Non-Executive
Director of the Company in August 2008 after his retirement in June
2008 as the Chief Executive Officer of Heidelberg China Limited. He
has served as a member of the Audit Committee and the Nomination
and Remuneration Committee of the Company since May 2011. He is
an Independent Non-Executive Director of Dah Sing Bank, Limited, a
key operating subsidiary of the Company, and was appointed in May
2012. Mr. Chan has over 40 years of experience primarily in the print
media industry and has a sound knowledge of the Asian markets,
particularly in China.
Mr. Yuen-Tin Ng
Independent Non-Executive Director
Mr. Ng, aged 65, was appointed as an Independent Non-Executive
Director and a member of the Audit Committee of the Company in
April 2012. He is also an Independent Non-Executive Director of Dah
Sing Bank, Limited (“DSB”) and Dah Sing Bank (China) Limited (“DSB
China”) (the Company’s banking subsidiaries), appointed in October
2012 and February 2013 respectively. He has served as a member
of the Risk Management and Compliance Committee of DSB since
May 2013. He was appointed as a member of the Audit Committee,
Connected Transactions Control Committee and Risk Management
Committee of DSB China in February 2013. He was further appointed
as the Chairman of the Remuneration Committee of DSB China in
September 2015. Mr. Ng is also an Independent Non-Executive
Director of Chinney Alliance Group Limited, a public company listed
in Hong Kong. Mr. Ng is an Associate of The Chartered Institute of
Bankers (UK) and a Fellow and an honorary advisor of The Hong Kong
Institute of Bankers. Mr. Ng has 40 years of extensive experience
in banking and financial industry with a focus on the corporate and
institutional banking business management for the last 12 years prior
to his retirement from Hang Seng Bank Limited in 2011.
董事會（續）
陳勝利先生
獨立非執行董事
陳先生，70歲，海德堡中國有限公司之前行政總
裁。2008年6月榮休後，陳先生於同年8月獲委
任為本公司獨立非執行董事。彼自2011年5月起
出任為本公司審核委員會及提名及薪酬委員會成
員，他於2012年5月獲委任為本公司主要營運附
屬公司大新銀行有限公司獨立非執行董事。陳先
生擁有逾40年專業印刷傳訊經驗，對亞洲市場有
相當了解，對中國市場更尤為熟悉。
吳源田先生
獨立非執行董事
吳先生，65歲，於2012年4月獲委任為本公司獨
立非執行董事及審核委員會成員。彼亦於2012年
10月及2013年2月分別獲委任為本公司之附屬銀
行公司大新銀行有限公司（「大新銀行」）及大新銀
行（中國）有限公司（「大新銀行（中國）」）之獨立非
執行董事。他於2013年5月起出任為大新銀行之
風險管理及合規委員會成員。2013年2月起出任
為大新銀行（中國）之審計委員會、關聯交易控制
委員會及風險管理委員會成員。2015年9月獲委
任為大新銀行（中國）之薪酬委員會之主任委員。
吳先生亦為另一家香港上市公眾公司建聯集團有
限公司之獨立非執行董事。吳先生為英國特許銀
行學會會員及香港銀行學會資深會員及榮譽顧
問。吳先生擁有40年豐富銀行及金融行業經驗，
彼於2011年在恒生銀行有限公司宣告榮休前12年
內專責企業及機構銀行業務管理。
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 9
BOARD OF DIRECTORS (Continued)
Mr. Kenichi Yamato
Non-Executive Director
Mr. Yamato, aged 48, was appointed as a Non-Executive Director
of the Company in August 2016. He is currently the Deputy General
Manager of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) Hong
Kong Branch and a director of BTMU Nominees (HK) Limited. He had
assumed various positions in corporate banking, investment banking
and corporate planning areas before his appointment as Chief
Manager, Mitsubishi UFJ Securities in 2004. He was subsequently
appointed as Chief Manager, Structured Finance Division in 2009 and
Chief Manager, Financial Planning Division of Mitsubishi UFJ Financial
Group, Inc. (the holding company of BTMU) in 2011. Mr. Yamato took
up the role as Deputy General Manager, Global Planning Division in
2014, before his recent posting to BTMU Hong Kong Branch. Mr.
Yamato has 25 years of extensive experience in various areas in the
banking industry.
Mr. Harold Tsu-Hing Wong
Managing Director and Chief Executive
Mr. Wong, aged 47, was appointed as an Executive Director of the
Company in 2004 and promoted as the Managing Director and Chief
Executive in April 2011. He joined Dah Sing Bank, Limited, a key
operating subsidiary of the Company, in 2000, and was appointed as
an Executive Director in 2005 and a Vice Chairman in March 2010.
He is also a Vice Chairman of Dah Sing Life Assurance Company
Limited, and a Director of Dah Sing Bank (China) Limited and Banco
Comercial de Macau, .. Mr. Wong was appointed as a member of
The EFAC Financial Infrastructure Sub-Committee, a sub-committee
under the Exchange Fund Advisory Committee (“EFAC”) of the Hong
Kong Monetary Authority, in October 2014. He is a qualified solicitor
in England and Wales and in Hong Kong. Mr. Wong is a son of Mr.
David Shou-Yeh Wong, the Chairman of the Boards of the Company
and Dah Sing Financial Holdings Limited.
董事會（續）
大和健一先生
非執行董事
大和先生，48歲，於2016年8月獲委任為本公司
非執行董事。彼現職為三菱東京UFJ銀行香港分
行之副總經理及BTMU Nominees (HK) Limited
之董事。彼於2004年被委任為Mitsubishi UFJ
Securities之首席經理前，曾於企業銀行、投資
銀行及企業規劃範疇上擔任多個職位。彼隨後
於2009年被委任為結構性融資部之首席經理及
於2011年被委任為三菱日聯金融集團（三菱東京
UFJ銀行之控股公司）財務策劃部之首席經理。大
和先生於最近被派駐三菱東京UFJ銀行香港分行
前，於2014年接任環球策劃部之副總經理職務。
大和先生擁有25年於銀行界多個範疇之豐富經
驗。
王祖興先生
董事總經理兼行政總裁
王先生，47歲，於2004年獲委任為本公司執行董
事，並於2011年4月晉升為董事總經理兼行政總
裁。彼於2000年加入本公司主要營運附屬公司大
新銀行有限公司，於2005年獲委任為執行董事並
於2010年3月獲委任為董事會副主席。彼亦為大
新人壽保險有限公司副主席、大新銀行（中國）有
限公司與澳門商業銀行股份有限公司之董事。王
先生於2014年10月獲委任為香港金融管理局外匯
基金諮詢委員會轄下的金融基建委員會之委員。
彼為英格蘭及威爾斯以及香港之合資格律師。王
先生為本公司及大新金融集團有限公司董事會主
席王守業先生之兒子。
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
大新銀行集團有限公司 2016年年報10
BOARD OF DIRECTORS (Continued)
Mr. Gary Pak-Ling Wang
Executive Director
Mr. Wang, aged 56, was appointed as an Executive Director of the
Company in 2004. He joined Dah Sing Bank, Limited (“DSB”), a
key operating subsidiary of the Company, as the Group Financial
Control ler in 1995 and was promoted as a Director in 1997,
responsible for the overall financial management and control,
operations and IT functions of the Group for a number of years. Mr.
Wang was promoted as the Managing Director and Chief Executive of
DSB in May 2011. He is also a Director of Dah Sing Financial Holdings
Limited, Banco Comercial de Macau, ., Dah Sing Bank (China)
Limited and Dah Sing Life Assurance Company Limited. Mr. Wang
is a qualified accountant, a Fellow of The Association of Chartered
Certified Accountants of the . and a member of the Hong Kong
Institute of Certified Public Accountants. Mr. Wang has over 30 years
of experience in financial management and banking.
SENIOR MANAGEMENT
Mr. Nicholas John Mayhew
Executive Director of Dah Sing Financial Holdings Limited and Deputy
Chief Executive of Dah Sing Bank
Mr. Mayhew, aged 49, joined Dah Sing Financial Holdings Limited
(“DSFH”) in 1998 and is currently an Executive Director of DSFH, Dah
Sing Life Assurance Company Limited, Macau Insurance Company
Limited, Macau Life Insurance Company Limited, Dah Sing Bank,
Limited (“DSB”) and Dah Sing Bank (China) Limited. He serves as the
Deputy Chief Executive of DSB, and Head of Treasury and Corporate
Finance of DSB, responsible for its treasury and corporate finance
activities. Mr. Mayhew has over 25 years of experience in financial
services both in the . and Hong Kong.
Mr. Eddie Shing-Tat Lau
Executive Director and Alternate Chief Executive of Dah Sing Bank
Mr. Lau, aged 54, joined Dah Sing Bank, Limited (“DSB”), a key
operating subsidiary of the Company, in 1992. He was appointed
as an Executive Director of DSB in May 2012 and an Alternate
Chief Executive of DSB in May 2014. He is currently the Head
of Commercial Banking Division, responsible for overseeing and
supervising commercial banking business. Besides, he is a committee
member of SME Standing Committee of The Chinese Manufacturers’
Association of Hong Kong in 2016-2017 and an Executive Committee
member of the Federation of Hong Kong Industries Group 18. Mr. Lau
has over 25 years of experience in commercial banking.
董事會（續）
王伯凌先生
執行董事
王先生，56歲，於2004年獲委任為本公司執行董
事。彼於1995年加入本公司主要營運附屬公司大
新銀行有限公司（「大新銀行」）擔任集團財務總監
一職，於1997年晉升為董事，多年專責集團整體
的財務管理及監控、營運操作與資訊系統職能。
王先生於2011年5月晉升為大新銀行董事總經理
兼行政總裁。彼亦為大新金融集團有限公司、澳
門商業銀行股份有限公司、大新銀行（中國）有限
公司及大新人壽保險有限公司之董事。王先生為
專業會計師、英國特許公認會計師公會資深會員
及香港會計師公會會員。王先生擁有逾30年財務
管理及銀行營運經驗。
高層管理人員
麥曉德先生
大新金融集團有限公司執行董事及大新銀行副行
政總裁
麥先生，49歲，於1998年加入大新金融集團有限
公司（「大新金融」），現為大新金融、大新人壽保
險有限公司、澳門保險股份有限公司、澳門人壽
保險股份有限公司、大新銀行有限公司（「大新銀
行」）及大新銀行（中國）有限公司之執行董事。彼
現任大新銀行副行政總裁及大新銀行財資處及企
業融資部主管，負責銀行財資業務及企業融資策
劃。麥先生擁有逾25年英國及香港兩地之金融服
務經驗。
劉成達先生
大新銀行執行董事兼替任行政總裁
劉先生，54歲，於1992年加入本公司主要營運附
屬公司大新銀行有限公司（「大新銀行」），於2012
年5月獲委任為大新銀行執行董事及於2014年5
月獲委任為大新銀行替任行政總裁。彼為現任大
新銀行商業銀行處主管，專責發展及管理商業銀
行業務。此外，彼為2016-2017年度香港中華廠
商聯合會中小型企業委員會委員及香港工業總會
第18組執行委員會委員。劉先生擁有逾25年商業
銀行業務經驗。
董事及高層管理人員簡介
DIRECTORS’ AND SENIOR MANAGEMENT’S PROFILE
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 11
SENIOR MANAGEMENT (Continued)
Ms. Phoebe Mei-Chun Wong
Executive Director and Alternate Chief Executive of Dah Sing Bank
Ms. Wong, aged 50, joined Dah Sing Bank, Limited (“DSB”), a
key operating subsidiary of the Company, as the Head of Retail
Banking business in February 2012, responsible for the development
and management of overall retail banking, bancassurance, retail
brokerage, wealth management businesses, private banking and
vehicle financing. She was appointed as an Executive Director of DSB
in May 2012 and an Alternate Chief Executive of DSB in May 2014.
Ms. Wong has over 25 years of experience in retail and personal
banking business with other banks operating in Hong Kong, including
Standard Chartered Bank and CITIC Bank International.
Mr. Vincent Ho-Wing Yau
Chief Executive Officer and Director of Dah Sing Bank (China) Limited
Mr. Yau, aged 54, joined Dah Sing Bank, Limited (“DSB”) and was
appointed as the Alternate Chief Executive Officer and Head of
Business Development of Dah Sing Bank (China) Limited (“DSB
China”), a key operating subsidiary of the Company, in September
2012. He was appointed as an Executive Director of DSB China in
December 2014 and the Chief Executive Officer of DSB China in
February 2015. Mr. Yau has 30 years of experience in the banking
industry in China and Hong Kong, and had assumed various senior
executive positions in Standard Chartered Bank before joining DSB.
Mr. Eddie Yiu-Fai Kong
Chief Executive Officer and Director of Banco Comercial de Macau, .
Mr. Kong, aged 54, joined Dah Sing Bank, Limited (“DSB”) and was
appointed as the Chief Executive Officer and Director of Banco
Comercial de Macau, . (incorporated in Macau) in July 2012. Mr.
Kong has over 28 years of experience in banking and finance business
with other banks in Hong Kong including Daiwa Bank, Standard
Chartered Bank, and had focused on corporate and institutional
banking business management for the last 12 years in DBS Bank
(Hong Kong) Limited before joining DSB.
高層管理人員（續）
王美珍女士
大新銀行執行董事兼替任行政總裁
王女士，50歲，於2012年2月加入本公司主要營
運附屬公司大新銀行有限公司（「大新銀行」）出任
零售銀行處主管，專責發展及管理零售銀行、銀
行保險、零售證券、財富管理業務、私人銀行及
汽車貸款業務。彼於2012年5月獲委任為大新銀
行執行董事及於2014年5月獲委任為大新銀行替
任行政總裁。王女士擁有逾25年零售及個人銀行
業務經驗，曾任職其他在港經營銀行，包括渣打
銀行及中信銀行國際。
游浩榮先生
大新銀行（中國）有限公司行政總裁兼董事
游先生，54歲，於2012年9月加入大新銀行有限
公司（「大新銀行」）及被委任為本公司主要營運附
屬公司大新銀行（中國）有限公司（「大新銀行（中
國）」）之替任行政總裁兼業務拓展部主管。彼於
2014年12月獲委任為大新銀行（中國）之執行董事
及於2015年2月獲委任為大新銀行（中國）之行政
總裁。游先生擁有30年從事中國及香港銀行業務
經驗，在加入大新銀行前，曾任職渣打銀行多個
高級管理職位。
江耀輝先生
澳門商業銀行股份有限公司行政總裁兼董事
江先生，54歲，於2012年7月加入大新銀行有限
公司（「大新銀行」）及被委任為澳門商業銀行股份
有限公司（於澳門註冊成立）之行政總裁兼董事。
江先生擁有逾28年銀行及財務業務經驗，曾任職
香港其他銀行包括大和銀行、渣打銀行及於加入
大新銀行前之12年任職星展銀行（香港）有限公
司，專注企業及機構銀行業務管理。
主席報告書
CHAIRMAN’S STATEMENT
大新銀行集團有限公司 2016年年報12
Despite difficult market conditions and market volatility during the
course of the year, our overall performance was relatively stable,
with profit attributable to shareholders down modestly by % to
HK$2,145 million for the year.
BUSINESS PERFORMANCE
During the course of the year, the performance of the Group was
relatively stable overall. Net interest income grew strongly, mainly
as a result of lower funding costs during the year, whilst fee and
commission income were down. Our core Retail banking business
performed relatively well, although our Commercial banking business
suffered from relatively slow growth, as well as some increase in credit
cost during the course of the year. Our Treasury business also slowed,
mainly due to a lower demand from customers for FX and related
products, largely relating to RMB, due to the continuing depreciation
of the currency. Our Macau business showed some growth, whilst
our China subsidiary recorded better performance, mainly due to
lower credit costs during the year. The performance of our associate
company, Bank of Chongqing, was also encouraging, posting a solid
growth in the year. Its contribution to our earnings in 2016 however
dropped slightly, as our interest in Bank of Chongqing was diluted
from approximately % to % at the end of 2015.
CAPITAL AND REGULATION
Our banking group’s capital position continued to strengthen from
internal capital generation and also an issue of a Tier 2 subordinated
debt in late 2016.
In November 2016, DSB issued US$250 million of Tier 2 subordinated
debt, in advance of the call of its prior issues of S$225 million of
Lower Tier 2 subordinated debt and US$55 million of Upper Tier 2
subordinated debt for redemption in February 2017. Together with the
build-up of CET1 through earnings retention, this resulted in capital
levels as at 31 December 2016 that were substantially higher than the
prior year, at % overall, with CET1 at %. It should however
be noted that the subsequent call of the two subordinated debt issues
referred to above has lowered the overall capital ratio on a pro forma
basis by 72 basis points. We continued to comply with the Liquidity
Maintenance Ratio (“LMR”), with DSB’s average consolidated
LMR maintained at 42% during the year, well above the regulatory
minimum level of 25%. We believe that our capital and liquidity ratios
are maintained at levels within the market range for both peer banks
in Hong Kong, and indeed for banks internationally.
儘管年內市況困難且市場波動，本集團整體表現
相對穩定，本年度股東應佔溢利輕微下降%
至21億4千5百萬港元。
業務表現
本集團於年內整體表現相對穩定。淨利息收入主
要由於年內資金成本下降而錄得強勁增長，服務
費及佣金收入則有所減少。核心零售銀行業務表
現相對良好，商業銀行業務的增長則相對放緩，
而信貸成本於年內有所增加。本集團之財資業務
亦見放緩，主要因客戶對外匯及相關產品的需求
減少，尤其與人民幣相關的產品因人民幣持續貶
值而致。本集團於澳門之業務有所增長，而本集
團的中國附屬銀行的業績主要由於年內信貸成本
減少得到進一步改善。本集團之聯營公司重慶銀
行的表現令人鼓舞，本年度錄得穩健增長，由於
本集團所持有重慶銀行的權益於2015年年底由
%被攤薄至%，其於2016年對本集團的
盈利貢獻稍為下降。
資本及規管
本銀行集團資本總額通過內部資本增長以及2016
年年末發行之第二級次級債務而進一步加強。
大新銀行在過去發行的2億2千5百萬新加坡元第
二級低層次級債務及5千5百萬美元第二級高層次
級債務於2017年2月贖回前，提早於2016年11月
發行了2億5千萬美元的第二級次級債務。連同因
保留盈利而令綜合普通股權一級資本有所上升，
整體資本水平於2016年12月31日較去年大幅提
升至整體資本充足比率為%，綜合普通股權
一級資本為%。然而，應當注意的是，隨後
贖回上述的兩項次級債務後，整體資本充足比率
以備考基準計算則降低72個基點。本集團持續符
合流動性維持比率之規定，於年內大新銀行之平
均流動資產維持比率為42%，遠高於25%之法定
最低水平。本集團相信其資本及流動性比率維持
在香港同業銀行及國際銀行的市場水平內。
主席報告書
CHAIRMAN’S STATEMENT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 13
CHANGES OF THE BOARD DURING THE YEAR
On 12 August 2016, Mr. Shoji Hirai, due to his new assignment
within The Bank of Tokyo-Mitsubishi UFJ, Ltd group, resigned as a
Non-Executive Director. On the same date, Mr. Kenichi Yamato was
appointed as a Non-Executive Director of the Company. The brief
biographical details of Mr. Kenichi Yamato are set out in the section
headed “Directors’ and Senior Management’s Profile” in this Annual
Report.
The Board extends a warm welcome to Mr. Yamato for joining the
Board, and expresses its appreciation to Mr. Hirai for his valuable
effort and contributions to the Board during his tenure of service with
the Company.
年內董事會變動
於2016年8月12日，平井章治先生因獲三菱東
京UFJ銀行集團調派履行新職務，故辭任非執行
董事職務。同日，大和健一先生獲委任為非執行
董事。大和健一先生的個人履歷簡介載於本年報
「董事及高層管理人員簡介」一節。
董事會謹此熱烈歡迎大和先生加盟董事會，並對
平井先生於任內對本公司所付出之努力及寶貴貢
獻致以衷心感謝。
2016年12月30日恒生指數之收市表現。
Closing price of Hang Seng Index on 30 December
2016.
2016年12月30日大新金融集團有限公司（股份代號:
0440）及大新銀行集團有限公司（股份代號 : 2356）
之收市表現。
Closing prices of Dah Sing Financial Holdings
Limited (Stock code: 0440) and Dah Sing
Banking Group Limited (Stock code: 2356) on 30
December 2016.
主席報告書
CHAIRMAN’S STATEMENT
大新銀行集團有限公司 2016年年報14
FUTURE PROSPECTS
The outlook for 2017 remains uncertain. Whilst the US economy
continues to recover, and the Mainland China economy is likely to
grow at a rate above 6% with steadier progress and more balanced
development, there are uncertainties over the direction of global trade
agreements, and a number of key elections in Europe, in addition to
the continuing Brexit negotiations. At present, it seems that the most
likely outlook for the markets and businesses in which we operate is
one of relative stability. It is expected that US interest rates will rise,
in line with US economic recovery, and whilst in the medium term
that should be positive for banks, it is possible that there will be some
shorter term margin pressure, as funding costs move upwards. With
potential interest rate and currency volatility, there is also the risk that
local market liquidity conditions, which have been generally benign for
some time, could change.
In Hong Kong, economic growth is forecast to continue to be
moderate, although perhaps improving slightly, and unemployment is
forecast to remain low, which is generally positive for credit quality.
The outlook for the housing market is more uncertain, with current
high levels of both prices and demand balanced by likely mortgage
rate hikes and increases in property supply. The stabilization of
the Mainland economy has led to more steady credit quality for
our Mainland subsidiary in the recent past, and Macau looks set to
continue on a recovering path.
We are therefore taking a balanced view towards the year. Whilst
we think that there will be some opportunities for growth in our key
markets of Hong Kong, Mainland China and Macau, we also see
both global and local risks ahead of us, as well as the likelihood
that the volatile market conditions experienced over the past couple
of years could continue. We therefore intend to attempt to take
advantage of opportunities for growth that present themselves, whilst
monitoring closely key market and economic developments so that
the associated risks can be managed appropriately.
Finally, I would like to thank my fellow directors for their valuable
contribution and extend, on behalf of the Board, our appreciation to
all of our colleagues for their hard work and dedication over the past
year, and also our appreciation of the support from our customers and
shareholders.
David Shou-Yeh Wong
Chairman
Hong Kong, 22 March 2017
前瞻
2017年的展望仍然不明朗。雖然美國經濟繼續改
善，而中國內地經濟增長可望高於6%及較穩步
地發展，但不確定因素仍然存在，這包括全球貿
易協議的方向、歐洲多國將有若干重要選舉以及
有關英國脫歐的磋商持續進行。於現階段，本集
團經營的市場及業務的展望較大機會相對平穩。
預期美國利率將上升，與美國經濟復甦步伐一
致，中期而言銀行應可受惠，然而當資金成本上
升時將對短期息差造成壓力。在利率及匯率有可
能波動的情況下，過去一段長時間持續充裕的本
地市場流動資金亦可能出現變化而帶來風險。
在香港，經濟增長預期將繼續保持溫和，雖然可
能僅略為改善，但失業率預計維持於低水平，有
利於信貸質素。房地產市場前景較不明朗，樓價
及需求現時高企，而按揭利率可能上升及物業供
應增加則會起平衡作用。中國內地經濟趨穩，本
集團內地附屬公司的信貸質素於過去一段時間亦
轉穩，而澳門的經濟預期將持續改善。
因此，我們對今年抱持平的看法。儘管我們認為
本集團於香港、中國內地及澳門之主要市場將有
一定的增長機會，我們亦預期全球及本地的未來
發展均存有風險，以及過去數年經歷的波動市況
或會繼續出現。因此，本集團在竭力抓緊機遇發
展業務之際，亦密切留意市場及經濟之重要發
展，適當管控相關風險。
最後，本人藉此機會感謝諸位董事所作出之珍貴
貢獻，並謹代表董事會對各同事在過去一年之辛
勤努力以及客戶與股東之支持表示謝意。
主席
王守業
香港，2017年3月22日
董事總經理兼行政總裁報告書
MANAGING DIRECTOR AND CHIEF EXECUTIVE’S STATEMENT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 15
Our Group delivered a respectable set of financial results for
2016, in spite of generally sluggish market conditions in banking
during the year. Profit attributable to shareholders decreased by
% to HK$2,145 million, producing a return of % on average
shareholders’ funds. The performance of our wholly-owned
businesses was solid overall. Excluding the contribution from Bank of
Chongqing (“BOCQ”), profit attributable to shareholders decreased
also by %, to HK$1,543 million. In spite of the slight profit
decrease, we believe that we made improvements to the earning
power of the banking businesses that we own and operate over the
past few years.
A key management objective is to achieve a satisfactory return on
capital in the long term, whilst maintaining strong capital and liquidity
ratios as we grow our core banking businesses. While we produced a
return on equity of %, an overall improvement from % in 2011
although a slight decrease from our return of % in 2015, I would
caution, as I have in the past, that generating an attractive return
on equity will be more challenging going forward. The phasing in of
higher capital requirements pursuant to Basel III should see to that,
not to mention the introduction of a seemingly unending swath of rules
and regulations, unless banks in general are able to capture better
margins from the products and services provided.
The prospects for 2017 indicate a muted growth in business volumes,
a continuation of the trend from 2016, with uncertainties in the global
economy likely to affect business sentiment in our core markets. Even
though the economy has been going through a softer phase in the
cycle, we would continue to make investments in our key businesses
for the longer term, in particular in our core banking business areas
that have performed well for the Group since 2011.
As I have explained in the past, the basic banking business is easy to
understand but difficult to execute well. We have strived to maintain
our focus on the key banking tenets to drive profitability including our
deposit franchise, risk-adjusted returns from a diversified portfolio of
loans and assets, non-interest income from serving our customers,
and prudent management of our risks and costs. Amidst the increased
complexity of rules and regulations in financial services, it is vital that
our colleagues do not lose sight of the simple banking tenets, which
continue to be the foundations of our business strategy.
儘管2016年銀行業市埸狀況普遍疲弱，本集團
於年內錄得可取的財務業績。股東應佔溢利下降
%至21億4千5百萬港元，平均股東資金回報
率為%。本集團的全資擁有的業務整體表現
穩健。不包括重慶銀行的盈利貢獻，股東應佔溢
利亦下降%至15億4千3百萬港元。雖然溢利
輕微下降，本集團相信已於過去數年增強其擁有
及經營的銀行業務之盈利能力。
長遠而言，本集團的主要管理目標為達致可觀的
資本回報，在提高核心銀行業務增長之同時亦保
持強勁的資本充足及流動資產比率。雖然股東資
金回報率較2015年的%略低，但整體而言，
已由2011年的%改善至%。本人一如既往
保持謹慎的觀點，未來實現較可觀之股東資金回
報率將更具挑戰性。除非銀行整體有能力於所提
供的產品和服務賺取更高的利潤，否則根據巴塞
爾協定 III逐步實行更高之資本要求及引入看似無
休止的新條例規則將影響股東資金回報率。
延續2016年之走勢，全球經濟不明朗很可能會影
響我們核心市埸的營商信心，預期2017年業務增
幅將維持緩慢。即使經濟已步入相對疲弱的週期
階段，長遠而言，我們仍將繼續投資於我們的核
心業務，尤其是本集團自2011年以來一直表現良
好的核心銀行業務。
正如本人以往曾提及，基本銀行業務容易理解但
往往難以順暢執行。我們一直努力繼續專注銀行
基本營運宗旨來推動盈利能力，包括我們的存款
業務、多元化貸款和資產組合的風險調整回報、
為客戶提供服務的非利息收入及審慎風險與成本
管理。在金融服務業相關條例及規管日趨複雜的
環境下，該等銀行基本營運宗旨繼續為本集團業
務策略的要素，同事們堅守有關宗旨極其重要。
董事總經理兼行政總裁報告書
MANAGING DIRECTOR AND CHIEF EXECUTIVE’S STATEMENT
大新銀行集團有限公司 2016年年報16
Despite the intensely competitive markets in which we operate, we are
pleased to report an overall respectable performance in our key profit
drivers, including the following:
• Net interest income was up by 9% from HK$3,337 million to
HK$3,638 million due to a combination of growth in volumes and
a wider net interest margin.
• Net fee and commission income decreased by % from
HK$910 million to HK$836 million, although we continued
to see growth in revenues from bancassurance and wealth
management business.
• Net interest margin widened from % to % during the
year due primarily to lower deposit costs.
Managing expenses and keeping costs under control are vital in
banking. Managing expenses well means that every dollar we spend
should be aligned with our strategy and priorities. This ought to
ensure that we are spending money appropriately in our key business
areas, investing in the right technologies, products and services,
and focusing on our customers as well as our people. Despite the
considerable pressure of cost increases including from compliance
and the need for continued investments in our core businesses,
our operating expenses were contained to an increase of %.
This however outpaced the lower increase of % in operating
income from HK$4,587 million to HK$4,720 million (not achieving the
yardstick of “positive jaws”), which pushed up slightly our cost-to-
income ratio to % in 2016. However, while the quantum in cost
increase was acceptable in 2016, as we continue to make substantial
investments in our infrastructure, systems and processes over the
next few years, we will need to work smarter and harder and ensure
that our spending is deployed effectively in line with our business
strategies. We believe that managing expenses and resources well
should allow us to realize benefits as our business scale grows
over time without diminishing customer experience or increasing
operational risk.
Another blemish during the year was the increase in loan impairment
losses and other credit provisions from HK$496 million to HK$564
mill ion with the impaired loan ratio rising to %, as credit
conditions in the Mainland continued to prove challenging along with
a slowing economy. While we suffered from delinquencies due to
some of our clients’ exposure to the Mainland market, we believe that
the overall credit conditions in our core businesses remained benign,
noting the stabilization in the asset quality of our loan portfolio during
the second half of 2016. As banking is a risk management business,
prudent credit underwriting will continue to be an area of important
focus for the management team and our Group.
儘管我們經營的市場競爭激烈，本集團欣然呈報
包括下列各項的主要盈利指標，整體錄得良好的
表現：
• 淨利息收入由業務增長及淨息差擴闊所帶
動，由33億3千7百萬港元上升9%至36億
3千8百萬港元。
• 儘管銀行保險及財富管理業務收入繼續增
長，淨服務費及佣金收入由9億1千萬港元
下降%至8億3千6百萬港元。
• 淨息差於年內由%擴闊至%，主
要因存款成本降低所致。
管理開支及控制成本對銀行業極為重要。有效管
理開支代表所花費的每分每毫應符合本集團的策
略及優先次序，這應確保所花費的金錢用得其
所於主要業務、投資於合適的科技、產品及服
務以及做到以客及人才為本。儘管成本上升壓力
巨大，包括合規性以及對核心業務持續投資的需
求，營運開支增長控制於%，惟成本增長高
於營運收入增長，營運收入增長沒有達到收入增
長高於成本增長的標準。營運收入由45億8千7百
萬港元上升%至47億2千萬港元，將成本對收
入比率輕微推高至2016年的%。然而，雖然
2016年成本上漲的幅度為可接受程度，但隨著我
們在未來幾年內將持續對基建、系統及程序投入
大量投資，我們須更明智和努力地工作，確保開
支能有效地運用，與我們的業務策略一致。我們
相信，妥善管理開支及資源，可令我們將隨着業
務規模擴大而受惠，且並不會降低客戶服務體驗
或增加操作風險。
隨著經濟放緩，內地的信貸環境繼續充滿挑戰，
年內另一項不足之處為貸款減值虧損及其他信貸
撥備增加，由4億9千6百萬港元上升至5億6千4
百萬港元，減值貸款比率升至%。雖然我們
因部分客戶須因投資於內地市場而遭受拖欠，由
於2016年下半年貸款組合資產質數轉趨穩定，我
們相信核心業務的整體信貸質素仍然良好。銀行
業是一個風險管理行業，審慎的信貸審批將繼續
是本集團及管理層關注的重要領域。
董事總經理兼行政總裁報告書
MANAGING DIRECTOR AND CHIEF EXECUTIVE’S STATEMENT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 17
BOCQ delivered a set of good results in 2016, with its net profit up
% on 2015. Our share of BOCQ net profit dropped from HK$666
million to HK$603 million in the year, due largely to the dilution of
our interest in BOCQ from % to % further to the share
placement of BOCQ in 2015. We continued to account for the
earnings of BOCQ on the basis that it is an associate of our Group.
Unlike the businesses that we own and operate, where items relating
to revenue and expense are included in our financial statements,
only our proportionate share of net profit of BOCQ is included (as an
associate) via a one-line entry in our consolidated income statement.
However, whether or not we account for BOCQ as an associate, the
value to its shareholders (including our Group) of the earnings and
capital of BOCQ is determined by the use to which they are put and
the subsequent level of earnings produced by that usage. That value
is therefore determined by BOCQ and is not affected by the inclusion
or non-inclusion of the share of such earnings in our own reported
profit.
The growth in our earnings, coupled with the relatively mild loan
growth during the year, contributed to an improvement in our capital
ratios. As at 31 December 2016, Dah Sing Bank’s consolidated capital
adequacy ratio (“CAR”) was % and the consolidated CET11 ratio
was %. Dah Sing Bank’s new issue of US$250 million Basel III
compliant Tier 2 subordinated debt in the latter part of 2016 also
increased the consolidated CAR modestly. We will need to hone our
ability to generate an adequate return from the capital deployed in our
loans and assets, as we strive to sustain our profitability and further
strengthen our capital base over time.
We maintained an unvaryingly strong liquidity position, with an
average liquidity maintenance ratio of 42% in the year and a loan
to deposit ratio of % at the end of 2016. Most of our funding is
from customer deposits, the “quality” of which we have been striving
to improve over a number of years, with the goal of increasing the
share of lower cost deposits through a deeper, more transactional
relationship with our customers. Indeed, servicing the transactional
needs of our customers will continue to be a bedrock of our strategy.
We introduced a set of core values and guiding principles for the
Group along with our medium-term strategy in 2011, with the
objective to guide and align the actions of our people at work.
Moreover, we emphasize the qualities of energy, intelligence and
integrity in our people, who are key to our Group’s ability to create
value for both our customers and shareholders. We are again
delighted that the efforts of our people were recognized by the
market, with a number of awards received during the year in different
areas of our business.
重慶銀行於2016年錄得良好業績，其淨溢利較
之2015年，上升%。本集團佔重慶銀行的
淨溢利於年內由6億6千6百萬港元下降至6億3
百萬港元，主要由於本集團所持有重慶銀行的權
益隨其於2015年進行股份配售後由%攤薄
至%。我們繼續視重慶銀行為本集團的聯
營公司及以權益方式反映應佔其盈利。有別於其
他我們持有並經營的業務以各別收益及支出相關
項目列入本集體財務報表，本集團應佔重慶銀行
（作為聯營公司）的盈利則以單一項目計入綜合收
益表內。然而，無論我們是否視重慶銀行為聯營
公司，對股東（包括本集團）而言，重慶銀行的盈
利及資本價值乃根據其用途及該用途其後所產生
的盈利水平而定。因此，該價值取決於由重慶銀
行之運作，而並不會因該等保留盈利是否計入本
集團溢利報告而受影響。
本集團盈利增長及年內相對溫和的貸款增長，
均 有 助 改 善 我 們 的 資 本 充 足 率。 於2016年12
月31日，大新銀行的綜合資本充足率 (CAR)為
%，而綜合普通股權一級資本充足率 (CET1)1
則為%。大新銀行於2016年下半年新發行之
2億5千萬美元符合巴塞爾協定 III二級次級債券亦
適度地提高綜合資本充足率。長遠而言，我們應
提高資本管理能力，確保投放於貸款和資產之資
本有足夠的回報，以保持提高本集團盈利能力和
進一步鞏固資本基礎。
我們繼續維持穩健的流動資產水平，年內平均
流動資產比率為42%及2016年年底貸存比率為
%。大部分資金來自客戶存款，而多年來我
們一直努力改善資金的質量，透過與客戶建立更
深入和密切的交易關係以達成提高低成本存款比
率的目標。實際上，滿足本公司客戶的交易需求
將持續為本公司策略的基礎。
當我們於2011年實行中期策略時，管理層為本集
團引入一系列的核心價值及指導原則，旨在指導
員工，讓他們在工作時有一致的方向及目標。此
外，我們重視員工的活力、才智及誠信的特質，
並視他們為本集團創造價值能力的基礎。我們再
次樂見僱員的努力受市場肯定，於年內獲得多個
不同業務範疇的獎項。
1 Common Equity Tier 1 capital1 普通股權一級資本充足率
董事總經理兼行政總裁報告書
MANAGING DIRECTOR AND CHIEF EXECUTIVE’S STATEMENT
大新銀行集團有限公司 2016年年報18
I wish to thank all of our stakeholders – our customers, communities,
colleagues and shareholders – for helping make 2016 another
respectable year for our Group. In particular, full credit goes to the
leaders of Dah Sing Bank in Hong Kong, including the management of
our Treasury, Personal Banking and Commercial Banking businesses,
and Banco Comercial de Macau in Macau, who have been ably
supported by our support divisions, for the performance and earnings
of these businesses which contributed meaningfully to our Group’s
results in 2016.
It has been a privilege to manage the Group and serve you – our
shareholders – as our performance has improved steadily over the
past few years.
Harold Tsu-Hing Wong
Managing Director and Chief Executive
Hong Kong, 22 March 2017
本人謹此感謝諸位持份者（我們的客戶、社區、
同事及股東）之支持及協助令本集團於2016年再
取佳績，特別須表揚的是香港大新銀行（包括財
資、個人銀行及商業銀行業務）及於澳門之澳門
商業銀行的主管，彼等之業務表現及盈利在各支
援部門能幹的支持下，對本集團2016年的業績作
出重大的貢獻。
本集團於過往數年之業務表現穩步改善，本人深
感榮幸能有機會管理本集團及為各股東服務。
董事總經理兼行政總裁
王祖興
香港，2017年3月22日
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 19
FINANCIAL HIGHLIGHTS
The highlights of the Group’s consolidated financial performance for
the year are summarised in the table below:
2016年 2015年 變動
2016 2015 Variance
淨息差 Net interest margin % %
百萬港元 HK$ Million
營運收入 Operating income 4, 4, %
扣除減值虧損前之 Operating profit before
營運溢利 impairment losses 2, 2, %
扣除減值虧損後之 Operating profit after
營運溢利 impairment losses 1, 1, %
除稅前溢利 Profit before taxation 2, 2, %
股東應佔溢利 Profit attributable to shareholders 2, 2, %
客戶貸款 Advances to customers 113,655 109,625 %
客戶存款 Customers’ deposits 153,863 150,848 %
已發行的存款證 Certificates of deposit issued 6,560 6,232 %
存款合計 Total deposits 160,423 157,080 %
後償債務 Subordinated notes 7,146 5,320 %
資產合計 Total assets 205,211 196,032 %
負債合計 Total liabilities 182,204 174,549 %
股東資金 Shareholders’ funds 22,991 21,468 %
淨利息收入╱營運收入 Net interest income/operating income % %
成本對收入比率 Cost to income ratio % %
平均總資產回報 Return on average total assets % %
平均股東資金回報 Return on average shareholders’ funds % %
貸款（不包括貿易票據）對存款 Loan (excluding trade bills) to deposit
（包括已發行的存款證）比率 (including certificates of deposit
issued) ratio % %
財務撮要
本年度集團財務表現撮要概列於下表：
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報20
FINANCIAL REVIEW
The local Hong Kong economy recovered somewhat in the second
half of the year, with GDP growth increasing to % for full year 2016,
compared with % in the first half. Domestic demand strengthened
moderately, with household income and earnings registering
improvement, and unemployment remained at the low level of %
at the end of the year. The Hong Kong stock market also rallied in
the second half of the year, despite a sell-off towards the year end.
Therefore, in general terms, conditions in Hong Kong in the second
half of the year were somewhat better than in the first half.
Globally, however, conditions remained quite volatile. Following the
Brexit vote towards the mid-year, the Presidential election in the US
was held in November, with the new President taking office early
in 2017. Closer to home, whilst economic growth in the Mainland
was broadly in line with expectations at % for the year, the RMB
continued to weaken significantly in the second half of the year.
Notwithstanding the moves in the RMB, local Hong Kong liquidity
conditions remained strong, and local interest rates remained low until
nearly the end of the year, when they rose in tandem with those in the
US, and in line with the decision of the Federal Reserve in the US to
increase interest rates in December.
With local market conditions having improved somewhat in the
second half of the year, our profit attributable to shareholders for 2016
was relatively stable, decreasing slightly by approximately % to
HK$2,145 million compared with the prior year.
With more stable conditions in the second half of the year, the Group’s
performance was also steady, with profit attributable to shareholders
in the second half of the year of HK$1,072 million being similar to that
in the first half. For the full year, net interest income grew by % to
HK$3,638 million, despite relatively sluggish loan growth, mainly due
to an improvement in net interest margin from % to %. The
margin was helped by continued low interest rates up until the last
part of the year, when the Federal Reserve in the US raised short term
interest rates by %. Net fee and commission income was down
by % mainly due to a weaker performance from our commercial
banking and treasury activities, and lower securities brokerage fee,
whilst other retail banking fees were stable, and wealth management
fee and commission income was up. Our bancassurance business
also reported increased commissions over the prior year.
財務回顧
本港經濟於2016下半年有所回升，全年本地生
產總值增長率為%，而上半年則為%。內
部需求溫和增長，家庭收入和盈利有所改善，失
業率於年底仍維持於%的低水平。香港股市
雖然於年底時出現回吐，下半年仍然錄得上升。
因此，一般來說，香港下半年的市況比上半年略
好。
然而，全球市況仍然不穩定。繼年中的英國脫歐
公投後，美國總統大選於11月舉行，而新總統於
2017年年初就職。轉看國內，2016年內地的經
濟增長為%，大致符合預期，下半年人民幣
繼續顯著疲弱。儘管人民幣走勢下跌，本港流動
資金依然充裕，本港利率一直跟隨美國利率維持
低位直至年底，隨後因美國聯邦儲備局於12月加
息的決定而上升。
隨著下半年本地市況有所改善，本集團2016年股
東應佔溢利相對穩定，與上年度相比略為下降約
%至21億4千5百萬港元。
隨著下半年市況趨於穩定，本集團的表現亦相對
穩健。2016年下半年股東應佔溢利為10億7千2
百萬港元，與上半年相若。以全年計算，儘管貸
款增長相對緩慢，但淨利息收入增長%至36
億3千8百萬港元，主要由於淨息差由%改善
至%而致。該淨息差受惠於持續的低利率，
直到2016年底美國聯邦儲備局將短期利率提高了
%。淨服務費及佣金收入減少%，乃主要
由於商業銀行和財資業務相關活動表現較弱，及
證券經紀佣金下降，而其他零售銀行服務費收入
穩定，財富管理費及佣金收入增加。相比去年，
本集團之銀行保險業務佣金亦錄得增長。
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 21
FINANCIAL REVIEW (Continued)
Our overseas banking business reported higher profit as a whole, due
to improved performance from our wholly owned subsidiaries, Banco
Comercial de Macau (“BCM”) and Dah Sing Bank (China), and despite
a reduction in the contribution from our associate Bank of Chongqing
(“BOCQ”). The reduction in the contribution from BOCQ was due to
the dilution in our shareholding to approximately % in 2016 from
approximately % in 2015, after the completion of BOCQ’s share
placement towards the end of 2015.
Credit costs overall were up for the year, led mainly by increases
in loan impairments in our Hong Kong based commercial banking
business due to financial difficulties experienced by some SME
borrowers, as well as some increase in collective impairment charges
for the commercial and SME business to reflect a slight worsening
in asset quality when compared with the prior year, and in our retail
banking business driven mainly by increases in volumes of unsecured
personal loans. Overall impairment charges dropped half on half,
reflecting a stabilization in the underlying asset quality of our loan
portfolio during the second half.
Return on assets of % and ROE of % were slightly lower than
in 2015, due to the lower level of profit reported, as well as the higher
level of equity due to retained earnings over the period. Our cost to
income ratio was also slightly higher at %, vs % in 2015, a
result of higher rate of cost increase relative to the more subdued
growth in operating income in the year.
As at 31 December 2016, the consolidated Common Equity Tier 1 ratio
of Dah Sing Bank, Limited (“DSB”) strengthened to %, compared
with % at the end of 2015, driven by slower asset growth and
higher retained earnings. In November 2016, DSB issued US$250
million of Tier 2 subordinated debt, in advance of the call of its prior
issues of S$225 million of Lower Tier 2 subordinated debt and US$55
million of Upper Tier 2 subordinated debt in February 2017. Together
with the build-up of CET1, this resulted in capital levels as at 31
December 2016 that were substantially higher than the prior year, at
% overall. It should however be noted that the subsequent call
of the two subordinated debt issues referred to above in February
2017 has lowered the overall capital ratio on a pro forma basis by 72
basis points. We continued to comply with the Liquidity Maintenance
Ratio, which was maintained at 42% average level during the year,
well above the regulatory minimum level of 25%. We believe that our
capital and liquidity ratios are maintained at levels within the market
range for both peer banks in Hong Kong, and indeed for banks
internationally.
財務回顧（續）
儘管本集團的聯營公司重慶銀行的盈利貢獻減
少，本集團海外銀行業務因全資附屬公司澳門商
業銀行和大新銀行（中國）的業績有所改善，錄得
較高溢利。重慶銀行的盈利貢獻減少乃由於本集
團於重慶銀行持有之權益在其於2015年年底完成
股份配售後，由2015年約%被攤薄至2016
年約%。
年內信貸成本整體上升，主要由於本集團在香港
的商業銀行業務部份中小企業借款人出現財政困
難而須增加貸款減值撥備，及綜合減值撥備因商
業及中小企業務之資產質素較去年略差而零售銀
行業務因無抵押個人貸款數量上升而須增加。相
對上半年，下半年整體減值支出下降，反映本集
團下半年的貸款組合相關的資產質量已趨於穩
定。
資產回報率為%，股本回報率為%，略低
於2015年，乃由於錄得較低的溢利，以及因期內
的保留盈利令股本水平較高所致。由於年內營運
開支之增長高於較温和之營運收入增長，本集團
的成本對收入比率由2015年之%輕微上升至
2016年之%。
於2016年12月31日，大新銀行有限公司（「大
新銀行」）的綜合普通股權一級資本充足比率受
資產增長放緩及保留盈利增加的影響而增加至
%，而2015年年底則為%。大新銀行於
過去發行的2億2千5百萬新加坡元第二級低層次
級債務和5千5百萬美元的第二級高層次級債務於
2017年2月贖回前，提早於2016年11月發行了
2億5千萬美元的第二級次級債務。連同有所上升
的綜合普通股權一級資本，總體資本水平於2016
年12月31日較去年大幅提升至整體資本充足比率
為%。然而，應當注意的是，隨後於2017年
2月贖回上述所指的兩項次級債務，整體資本充
足比率以備考基準計算則降低72個基點。本集團
持續符合流動性維持比率之規定，於年內維持在
42%的平均水平，遠高於25%之法定最低水平。
本集團相信其資本及流動性比率維持在香港同業
銀行及國際銀行的市場水平內。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報22
HIGHLIGHT OF BUSINESS PERFORMANCE
Personal Banking
Our Personal Banking business, serving the retail banking, VIP
banking and Private Banking market segments, consumer finance
and vehicle finance of Hong Kong, continued to grow steadily in
2016 with broad based fee income and balance sheet growth. The
execution of our strategy in serving different customer segments,
including upgrading our Private Banking/VIP platform together with
promoting young banking segment backed by digitalization initiatives,
contributed to our revenue diversification under the uncertain market
conditions.
The continuous upgrade of the VIP service platform enabled Personal
Banking to provide better product and service to customers, including
allowing customers to have a clearer view of their portfolios, and to
trade to capture market opportunities and manage risk. Investment
and insurance income achieved encouraging growth in 2016 despite
the slower stock trading volume, and the growth was particularly
strong in foreign exchange related products and insurance products.
Through advocating the concept of “Active Opportunity Management”
and e-Alert service, the Bank further strengthened the timely
dissemination of market information and update to customers to
facilitate their trading, capturing of investment opportunities and
managing the risks of their investment portfolios. Though stock
market was volatile in 2016 with lower trading volume, our securities
services, equipped with convenient, well developed multi-channels
including mobile, on-line, phone and securities trading centers, was
gaining momentum with the customer base expanded by 20% in the
year. Towards year end, we launched the Shenzhen-Hong Kong Stock
Connect securities service. We were one of the few banks that provide
customers the service to trade Shenzhen, Shanghai and Hong Kong
stock markets via mobile and on-line channels.
Our efforts in wealth management services were recognized by
receiving various awards, including “Outstanding Brand Award 2016
– Wealth Management Services” by the Economic Digest, “Excellent
Brand of Mobile Securities Services, Banking Service” and “Excellent
Brand of On-line Securities Services, Banking Service” of Hong Kong
Leaders’ Choice by Metro Broadcast, and “Outstanding Financial
Management Planner Award” by the Hong Kong Institute of Bankers.
In the year, our Personal Banking achieved solid growth in loan and
deposit balances when compared with 2015.
業務表現概要
個人銀行
本集團個人銀行業務在香港提供零售銀行、顯客
理財及私人銀行、消費財務、車輛融資等服務，
於2016年持續穩健增長，各項服務費收入及貸
存餘額均錄得增長。本集團執行不同客戶群服務
的策略，包括提升私人銀行╱顯客理財平台連同
宣傳透過電子化服務拓展年輕人銀行業務，在不
確定的市況下為本集團的收入多元化，作出了貢
獻。
持續升級顯客理財服務平台使個人銀行業務為客
戶提供更好的產品及服務，包括讓客戶更清楚了
解其投資組合，並進行交易以捕捉市場機會及管
理風險。儘管股票成交量放緩，投資及保費收入
於2016年錄得令人鼓舞的增長，外匯相關產品及
保險產品的增長尤其強勁。透過採用「進取機遇
管理」的理念及電子提示服務，進一步加強市場
信息及時提供及更新，有助客戶進行交易，抓緊
投資機會及管理其投資組合風險。雖然於2016年
股票市場波動，成交量較低，本集團證券服務配
備方便、發展良好的不同渠道（包括流動電話、
網上、電話及證券交易中心）令客戶基礎年內擴
大20%。近年底，我們推出「深港通」證券服務。
本集團為少數透過流動電話及網上渠道為客戶提
供在深圳、上海及香港股票市場交易服務銀行之
一。
我們於財富管理服務的努力獲認可，取得多個
獎項，包括《經濟一週》頒發之「實力品牌大獎
2016 － 財富管理服務」、新城財經台頒發之香港
企業領袖「卓越流動證券銀行服務品牌」及「卓越
網上證券銀行服務品牌」，以及香港銀行學會頒
發之「傑出財富管理師大獎」。
年內，本集團個人銀行業務的貸款及存款結餘相
對2015年錄得穩定增長。
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 23
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Personal Banking (Continued)
Our “YOU Banking” service, targeting the young customer segment,
was further promoted including banking products bundling. With our
effort on sales and promotion, the number of YOU Banking customers
grew significantly in the year. The service gained market recognition,
with the CAPITAL magazine awarding us with the “Outstanding New
Generation Banking Service” award.
We actively promoted our personal loan products throughout the
year. 1-on-1 loan application service was offered which enabled
us to provide tailor-made loan proposal to customers. We also
rolled out attractive promotion activities to raise market awareness
of our personal loan services. The marketing campaign in the year
was effective in generating new business and gained good market
recognition with the awards of “Excellent Brand of Bank Personal
Loan” by Metro Broadcast and “Outstanding Personal Loan Banking
Service Award” by the CAPITAL magazine.
Against the highly competitive credit card market, we continued to
be very active in promoting our credit card services via various usage
programs and co-brand partnership programs. Dah Sing Credit Card
eShopping Butler Service was enhanced, with more comprehensive
insurance coverage, providing customers with worry-free on-line
shopping experience. We were also granted the Stored Value Facility
(SVF) license by the end of 2016 which strengthened our digital
payment platform and paved way for further development. We are
pleased to receive two awards in 2016 on our card business, which
are “Excellent Brand of Co-Brand Credit Cards” by Metro Broadcast
and “Outstanding Credit Card Banking Service Award” by the
CAPITAL magazine.
Various digitalization initiatives were launched to facilitate closer
contact with customers and enable customers to enjoy the extra
banking convenience and service. Our digital users grew significantly
in the year. E-statement, e-Alert capability and revamp of public
website further enhanced customers’ experience. New digital
payment platform “Dah Sing IPAY Payment Platform” was rolled out
with pioneer launch of Android Pay and participation of JETCO Pay,
which reflect our effort and also progressiveness to serve customers’
digital payment needs. Our efforts in digitalization gained market
recognition, with the award of “The Most Popular Online/Mobile Brand
Award – Personal Internet Banking Service” by Metro Broadcast.
業務表現概要（續）
個人銀行（續）
本集團進一步推廣以年輕客戶為目標之「優易理
財服務」，包括銀行產品綜合服務。憑藉我們努
力銷售及宣傳，年內優易理財客戶數目大幅增
加。該服務得到市場認可，獲《資本雜誌》頒發之
「傑出新世代銀行服務」獎項。
我們全年積極推廣個人貸款產品。提供「1-on-1
智貸程式」服務，讓我們為客戶提供度身訂造的
貸款建議。我們亦推出有吸引力的推廣活動以提
高我們的個人貸款服務的市場意識。年內的促銷
活動得到市場正面反應，獲新城財經台頒發「卓
越銀行私人貸款服務品牌」及《資本雜誌》頒發「傑
出個人信貸銀行服務」獎項，有助我們拓展新業
務。
於競爭激烈的信用卡市場，我們繼續透過各種使
用計劃及聯合品牌合作計劃，積極推廣信用卡服
務。我們已加強大新信用卡網購管家服務，提供
更全面的保險覆蓋，為客戶提供無憂網上購物體
驗。我們亦於2016年末獲授儲值支付工具牌照，
有利於鞏固我們數碼支付平台及作進一步發展。
本集團非常榮幸，其信用卡業務於2016年獲得兩
項獎項，即新城財經台頒發之「卓越銀行聯營信
用卡品牌」及《資本雜誌》頒發之「傑出信用卡銀行
服務」。
各種數碼服務之推出促進了與客戶更密切的聯
繫，使客戶享有更方便的銀行服務。本集團的數
碼用戶年內大幅增加。電子月結單、電子提示服
務之功能及公共網站之優化進一步提升客戶體
驗。本集團推出新數碼支付平台「大新 IPAY支付
平台」，率先推出安卓支付及參與JETCO支付，
反映我們為客戶數碼支付需要及提升功能的努
力。我們對數碼技術的投入獲得市場認同，更獲
新城財經台頒發之「我最愛上 · 網上個人銀行服務
平台」。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報24
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Personal Banking (Continued)
The asset quality of our retail lending portfolio remained benign, with
the loan delinquency rate and loan loss rate staying at relatively low
levels. The increase in the loan impairment charges was mainly due to
increases in the balance of unsecured lending.
We continued our branch network upgrade and relocation program
with the objective to improve our services and offer better customer
experience. Riding on the launch of the Dah Sing Bank’s Brand
Campaign, new uniform and new promotional display were
implemented at branches which were well-perceived by customers.
At the end of 2016, our branch network included 45 retail branches in
Hong Kong, with 23 VIP centers and 34 securities trading centers.
Commercial Banking
2016 was a challenging year for our Commercial Banking business.
With the depreciation of RMB and its uncertain outlook, and coupled
with a slower growth rate in the China economy, demand for cross-
border trade financing dropped notably in the year, which as a whole
led to a significant contraction in our trade bills business and balance
at the end of 2016. Lending to manufacturing companies, particularly
on equipment finance, was slower in the year, due to both weaker loan
demand and also our tighter credit control. Despite of these and keen
market competition, our Commercial Banking loan book, including
lending on traditional trade finance, recorded a respectable growth in
the year.
Net interest income increased in the year, driven by higher loan
balance and better net interest margin. The wider net interest
margin of our Commercial Banking business was contributed by the
rise in loan yields and tight control on deposit costs. Non-interest
income however dropped, compared to the previous year, a result
of the impacts of the RMB depreciation, contraction in the trade
bills business volume, and lower treasury-related product income,
particularly on foreign exchange income, due to the lower volume of
customer transactions.
Loan impairment charges were higher in the year, caused mainly by
higher non-performing loans mainly arising from our SME customers.
With the gradual stabilization of the asset quality of our SME
customers, and also stabilization of the market values of property
collaterals in general, after mid 2016, the amount of loan impairment
charges on our Commercial Banking business required in the second
half were lower than first half 2016.
業務表現概要（續）
個人銀行（續）
本集團零售貸款組合的資產質素保持良好，貸款
拖欠率及貸款虧損率維持在相對較低的水平。貸
款減值撥備的增加主要由於無抵押個人貸款結餘
增加所致。
本集團繼續進行分行網絡優化及重新定位計劃，
旨在改善服務及提升客戶體驗。隨著大新銀行品
牌活動的推出，我們為職員更換新制服及於分行
設置新的宣傳板，深受客戶歡迎。於2016年末，
本集團之分行網絡包括於香港之45間分行，23間
顯客理財中心及34間證券交易中心。
商業銀行
2016年是本集團商業銀行業務充滿挑戰的一年。
隨著人民幣貶值及前景不明朗，加上中國經濟增
長放緩，年內跨境貿易融資需求大幅下跌，整體
上導致2016年年底貿易票據業務及結餘大幅收
縮。由於貸款需求疲弱及本集團採納更嚴謹之信
貸控制，年內貸款予製造業，尤其是設備融資貸
款較為緩慢。儘管出現該等情況及市場競爭激
烈，我們的商業銀行貸款賬項（包括傳統貿易融
資之貸款）年內錄得可觀增長。
年內淨利息收入增加，受惠於貸款結餘上升及淨
息差有所改善。商業銀行業務的淨息差擴闊乃由
於貸款收益率上升及本集團對存款成本嚴格控制
所致。然而，由於人民幣貶值，貿易票據業務量
收縮及財資相關產品收入減少，尤其是客戶交易
量下降致使外匯收入減少，非利息收入較去年下
降。
年內貸款減值支出增加，主要由於中小企業客戶
的不良貸款增加所致。隨著中小企業客戶的資產
質素逐步穩定，以及2016年中旬以後整體物業抵
押品的市值較為穩定，2016年下半年本集團商業
銀行業務的貸款減值支出金額較上半年，有所減
少。
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 25
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Commercial Banking (Continued)
In response to the changing market, we worked closely with our
customers including refining our product features and facility terms
to meet customer needs and capture market opportunities. Our
Transaction Banking team had worked to enhance our product
capabilities by deploying more resources on our e-platform, DS-
Direct, to better serve our customers especially in the areas of trade
finance, factoring and cash management services.
To meet the higher compliance and AML standards while growing
our business, we had taken further actions to upgrade various control
measures, such as transaction monitoring on our SME customers and
first line operational control, in addition to the further strengthening of
our customer due diligence.
Our dedication to serving our commercial and SME customers was
again recognized by the market during the year. We have won six
awards from various industry bodies, with good market awareness
and media coverage, including:
• Best Loved SME Bank Brand Award from RoadShow
• Corporate Social Responsibility Award from CAPITAL magazine
• Elite Award – Best Commercial Banking from Ming Pao Weekly
• Best SME’s Partner Award from Hong Kong General Chamber
of Small and Medium Business
• Best Commercial Banking from Metro Prosperity
• Capital Merits in Internet Banking Services Award from CAPITAL
magazine
To achieve better brand recognition and positioning in the market,
we reinforced our SME services and strategic focus in the year by
engaging in a variety of sponsorship programs to promote services to
SMEs, as follows:
• E-Commerce Competition, organized by the Office of the
Government Chief Information Officer, and the Hong
Kong Netrepreneurs Association, to promote e-Commerce.
• Bel t and Road Seminar Ser ies featur ing the Creat ive
Technology, E-Commerce and Smart City, in cooperation
with the Hong Kong General Chamber of Small and Medium
Business.
• World SME Summit in HKCEC to explore the 2017 Economic
Outlook amid the Global Political and Economic Uncertainty.
業務表現概要（續）
商業銀行（續）
為應對不斷變化的市場，我們與客戶密切合作，
包括改善產品特性及融資條款以滿足客戶需求
及捕抓市場機會。我們的交易銀行業務團隊致
力於通過配置更多資源予本集團的網上平台DS-
Direct以提升產品功能，為客戶提供更好的服
務，尤其是貿易融資、保理及現金管理服務。
為遵守更加嚴謹之合規及反洗錢準則及同時促進
業務增長，我們除了進一步加強對客戶的盡職審
查外，亦採取進一步措施以提升各種監控設施，
例如監察中小企業客戶的交易及對第一線的營運
控制。
年內本集團竭力為商業及中小企業客戶服務再次
獲得市場認可。本集團獲各行業機構頒發下列六
個獎項，獲良好的市場意識及被媒體報導，獎項
包括：
• 路訊網頒發之「一路最愛中小企銀行品牌大獎」
• 《資本雜誌》頒發之「企業社會責任大獎」
• 《明報週刊》頒發之「星級商業銀行大獎」
• 香港中小型企業總商會頒發之「中小企業最
佳拍檔獎」
• 《都市盛世》頒發之「最佳商業銀行」
• 《資本雜誌》頒發之「資本卓越網上銀行大獎」
為提高對本集團品牌的認可及鞏固市場地位，我
們於年內通過參與各種贊助計劃來促進中小型企
業的服務，加強了中小型企業服務及策略重點，
具體如下：
• 政府資訊科技總監辦公室、阿里巴巴及香
港網商會舉辦的電子商務比賽，以推廣電
子商務。
• 與香港中小型企業總商會合作舉辦有關創
新科技、電子商務及智慧城市的一帶一路
研討會系列。
• 在香港會議展覽中心舉辦世界中小企業峰
會，探討全球政治及經濟不確定下的2017
年經濟前景。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報26
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Commercial Banking (Continued)
• Participated as a trainer in the “Taobao E-Commerce Training
Program” to train young talents on e-commerce, cash flow and
trade finance.
• Co-operated with Hong Kong General Chamber of Small and
Medium Business for the video shooting of “Leadership Series”
on our iSME and broadcasted to the Roadshow on buses.
We will keep helping Hong Kong SMEs to develop and grow their
businesses in the fast changing business and market environment,
and believe that our commitment and effort will contribute to their
growth and success in the longer run, and the opportunities for our
growth, together with our customers.
Treasury
Our Treasury division reported weaker results in 2016, with a decrease
in fee and commission income more than outweighing stronger net
interest income.
There were a number of major events in 2016, including both the US
President Election and Brexit. The volatility in the market heightened,
with particularly sharp movements in both currencies and equities.
Bond markets fluctuated during the year, but medium term interest
rates ended the year only slightly above the level at which they
started, despite the US Federal Reserve raising the Federal Funds
Target Rate in December. After a steady first half in 2016, the RMB,
both offshore and onshore, depreciated sharply in second half of
the year, resulting in severe volatility in what had previously been a
relatively stable currency. Concerns about the Mainland economic
slowdown and the devaluation of the RMB during the year resulted
in a substantial reduction in the volume of RMB and RMB related
business conducted by our Treasury, both for our commercial and
retail customers, but the improved net interest margin during the year,
and correspondingly higher net interest income, helped to balance
this out to allow for an overall result that was somewhat lower than
2015. The Bank continued to pay close attention to liquidity risk
management, and increased its balances of highly liquid assets during
the year. Interest rate risk was also managed conservatively bearing in
mind the rising direction of short term interest rates in the second half
of the year, and we ended the year with a relatively short duration for
our bond portfolio of slightly over one year.
業務表現概要（續）
商業銀行（續）
• 作為訓練機構參與「淘寶電商培訓計劃」，
為年輕人才提供有關電子商務、現金流量
及貿易融資的訓練。
• 與香港中小型企業總商會合作在我們的
iSME拍攝短片並由路訊網在巴士上播放。
我們將繼續協助香港中小型企業在快速變化的業
務及市場環境中發展及增長其業務，並相信我們
的承諾及努力將有助彼等業務長遠之增長及成
功，以及我們與客戶一起成長的機遇。
財資業務
財資業務於2016年錄得較差的業績，淨利息收入
的增幅不足以抵銷服務費及佣金收入之減少。
2016年發生若干重大事件，包括美國總統選舉及
英國脫歐。市場波動加劇，特別是貨幣及股票之
大幅波動。債券市場於年內波動，儘管美國聯邦
儲備局於12月上調聯邦基金目標利率，年底中期
利率僅略高於年初水平。2016年上半年離岸及境
內人民幣匯率平穩，但下半年急劇貶值，導致以
往相對穩定的人民幣大幅波動。對內地經濟放緩
的擔憂及年內人民幣貶值，導致商業及零售客戶
透過本集團財資業務進行的人民幣及人民幣相關
業務量大幅減少，而年內淨息差有所改善及淨利
息收入相應地增加，有助平衡財資業務的收益，
令整體業務表現僅略低於2015年。銀行繼續密
切關注流動資產風險管理，且於年內增加高流動
性資產的結餘。考慮到下半年短期利率上升的趨
勢，我們亦採取了審慎之利率風險管理政策，於
年底時持有的債券組合年期相對較短，僅略高於
一年。
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 27
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Treasury (Continued)
Treasury continued to collaborate closely both with our Commercial
Banking division and our Personal Banking division. We continue to
strengthen the services we provide and our relationships with clients
by offering a comprehensive range of treasury related products and
services.
We continued to rebalance our securities portfolio in the usual course
of business, and were able to realise disposal gains of HK$13 million
for the year.
Banco Comercial de Macau
Banco Comercial de Macau (“BCM”) provides a comprehensive range
of commercial and retail banking and bancassurance products and
services to local customers in Macau. As of the end of 2016, BCM
operated a total of 14 branches in Macau.
Macau gaming sector recorded a mild drop in the gaming revenue in
2016, after the relatively sizeable contraction in 2015. These, together
with the weaker performance on tourist spending and consumption,
exerted pressure in the Macau economy during the past two years.
Macau’s economy reached a low point at mid 2016 and rebounded
during the second half of 2016, and ended the year with a modest
year-on-year GDP contraction. Against the generally weak economic
conditions, BCM continued to post improvement in its operating
results and its overall financial performance in 2016.
BCM’s profitability further improved in the year, with net profit
on group reporting basis (adjusting for amortisation of intangible
assets recognised at the initial acquisition of BCM and some Group
level adjustments) up 1% on 2015. Financial performance metrics
remained stable and healthy, including asset quality. Average net
interest margin improved from % in 2015 to % in 2016,
contributed by tight control on funding cost. Fee and commission
income was affected by the lower retail securities trading volume
when compared with the more buoyant market sentiment and
customers’ trading in stocks listed on the Hong Kong Stock Exchange
in 2015, lower lending-related fees including syndicated loan fee,
but partly offset by higher volumes and commission income on
bancassurance distribution and wealth management product sales in
the year. Operating expenses were well controlled. Cost to income
ratio ended the year at % in 2016, similar to % in 2015.
業務表現概要（續）
財資業務（續）
財資業務部繼續與商業銀行處及個人銀行處緊密
合作。通過提供全方位的財資相關產品及服務，
繼續加強我們提供的服務及鞏固與客戶的關係。
本集團於日常業務過程中繼續重整證券組合，年
內錄得出售證券收益1千3百萬港元。
澳門商業銀行
澳門商業銀行為澳門本地客戶提供全面和廣泛之
商業和零售銀行及銀行保險產品及服務。於2016
年年底，澳門商業銀行於澳門經營合共14間分
行。
繼2015年 相 對 大 幅 度 的 收 縮 後， 澳 門 博 彩 業
2016年的博彩收入略為下降。該情況連同遊客支
出及消費表現疲弱，對澳門過往兩年的經濟造成
壓力。澳門經濟於2016年中跌至低點後在下半年
回升，全年本地生產總值按年計略為下降。在普
遍疲弱的經濟狀況下，澳門商業銀行於2016年經
營業績及其整體的財務表現仍然有所改善。
澳門商業銀行的盈利能力於年內進一步改善，按
集團申報基準計算的淨溢利（在計入收購澳門商
業銀行時初始確認之無形資產的攤銷及若干集團
會計調整後）相對於2015年增長1%。財務表現指
標維持穩健，包括資產質素。受惠於本集團對資
金成本採取嚴謹的控制，平均淨息差由2015年的
%改善至2016年的%。因零售證券交易
量與2015年香港聯交所的熾熱市場氣氛及客戶買
賣上市股票的活躍情況比較有所遜色，且貸款相
關費用（包括銀團貸款費用）減少，令服務費及佣
金收入受到影響，但部分被年內銀行保險分銷及
財富管理產品銷售量及佣金收入增加所抵銷。營
運開支獲得有效控制。成本收入比率於2016年末
為%，與2015年的%相若。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報28
業務表現概要（續）
澳門商業銀行（續）
澳門商業銀行資產總值較2015年末增長%。
貸款結餘及客戶存款相對於2015年末分別增長
%及%。貸款組合增長主要受按揭貸款、
商業貸款、營運資金融資及銀團貸款推動。存款
增長大致全面化，低成本往來及儲蓄存款之增長
及加強對定期存款成本的控制為整體資金成本改
善作出貢獻。
澳門商業銀行持續推廣其中小型企業銀行業務，
並進一步提升其顯客理財服務平台，並持續專注
於推廣其零售證券交易、信用卡及車輛融資服
務，以擴闊其客戶群並優化對本地社區的服務。
作為中期策略的一部分，澳門商業銀行一直繼續
致力於鞏固分行及數碼銀行業務的能力，以加強
對澳門個人及商業客戶的服務。
大新銀行（中國）
大新銀行（中國）有限公司（「大新銀行（中國）」）為
大新銀行之全資附屬公司，於2008年在中國註冊
成立。
大新銀行（中國）的財務表現於2016年有所改善，
信貸成本因自2014年起採取更嚴格的批授標準及
信貸控制措施而減少。隨著按有效平衡及審慎的
方式批授新貸款，大新銀行（中國）的貸款較2015
年，輕微增長。存款於年內錄得增長，反映我們
努力令存款基礎多元化及存款穩定增長，對支持
貸款增長及長期發展甚為重要。
大新銀行（中國）繼續於中國6個主要城市營運，
總部設於深圳，分行設於上海、南昌、鎮江、廣
州（佛山設有一間支行），及深圳前海支行，為中
國客戶及有中港跨境銀行業務需要的客戶提供各
種類別的商業及零售銀行貸款、存款及相關銀行
業務服務。
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Banco Comercial de Macau (Continued)
BCM’s total assets grew by % compared to the end of 2015. Loan
balance and customer deposits, relative to the end of 2015, were up
% and % respectively. The growth in the loan portfolio was
driven by mortgage loan, commercial lending, working capital finance
and syndicated loan. Deposit growth was broadly diversified, with the
growth in low cost current and savings deposits and tight control on
fixed deposit cost contributing to the improvement in the overall cost
of funds.
BCM continued to promote its SME banking and made further
upgrade in its VIP Banking service platform, in addition to its ongoing
focus in promoting its retail securities trading, credit card and vehicle
finance services to broaden its customer reach and enhance its
services to the local community. As a part of its medium term strategy,
it has been BCM’s continuing effort to strengthen both the branch and
digital banking capability to better serve its personal and commercial
customers in Macau.
Dah Sing Bank (China)
Dah Sing Bank (China) Limited (“DSB China”) is a wholly owned
subsidiary of Dah Sing Bank and was locally incorporated in China in
2008.
DSB China’s financial performance improved in 2016 with lower credit
cost as a result of tighter underwriting standard and credit control
measures adopted since 2014. DSB China’s loan portfolio grew
slightly as compared to 2015, with new lending underwritten in a well-
balanced and prudent manner. Deposit growth was recorded in the
year, reflecting our effort to diversify our deposit base and steady
deposit growth, which is important to support our loan growth and
long term development.
DSB China continues to operate in 6 major cities in China, with a
network comprising the Shenzhen headquarters, and branches in
Shanghai, Nanchang, Zhenjiang, Guangzhou (with a sub-branch in
Foshan), and a sub-branch in Shenzhen Qianhai, offering a wide
range of commercial and retail banking lending, deposits and related
banking services to our customers in China and customers that have
China-Hong Kong cross border banking needs.
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 29
HIGHLIGHT OF BUSINESS PERFORMANCE (Continued)
Bank of Chongqing
Bank of Chongqing (“BOCQ”) is the leading city commercial bank
in Chongqing. Chongqing is the largest city in Western China with
a population of over 33 million people, and is one of the 4 leading
municipalities in China reporting directly to Beijing. BOCQ operates a
branch network of around 140 branches and sub-branches, including
branches and sub-branches in Chengdu, Guiyang and Xian.
BOCQ’s business performance and financial results in 2016 were
satisfactory, with its net profit up % over 2015, and a return on
equity at % in the year. Loans and deposits grew % and
% respectively on 2015. Other key financial and performance
metrics were solid, with a loan to deposit ratio at % and a non-
performing loan ratio at % at the end of 2016. BOCQ’s asset
quality in 2016 was generally stable, and ended the year with a very
comfortable non-performing loan coverage ratio at 293%.
Following the completion of BOCQ’s IPO in late 2013 and its share
placing in late 2015, our interest was diluted from 20% to %
in late 2013, and further reduced to % at the end of 2015. Our
share of BOCQ net profit continued to be recognized on an equity
accounting basis. Due to the dilution of our interest in BOCQ since
late 2015 and the weaker RMB in 2016, our share of BOCQ net profit
in 2016 was HK$603 million, lower than the overall 2015 BOCQ
contribution at HK$618 million, including the deemed disposal loss on
the 2015 dilution recognized by our Group.
RISK MANAGEMENT
During the year, we have further enhanced our risk appetite framework
and stepped up the robustness of our liquidity risk management,
partly in light of the changes in the regulatory requirements put
forward under the revised Supervisory Policy Manual modules
on liquidity risk management issued by the Hong Kong Monetary
Authority (“HKMA”) during 2016. Continuing effort and progress were
made in the year to improve credit approval and credit administration
processes to achieve improvement in credit controls and work
efficiency.
On the anti-money laundering (“AML”) front, we continued to
strengthen our AML r isk management f ramework including
management oversight, pol icy and procedures, operat ional
processes, transaction monitoring and staff compliance culture.
業務表現概要（續）
重慶銀行
重慶銀行為重慶市之主要城市商業銀行。重慶為
中國西部最大之城市，擁有逾3千3百萬人口，並
為中國4個直接向北京滙報之直轄市之一。重慶
銀行經營約140家分行及支行，分行支行網絡包
括於成都、貴陽及西安之分行及支行。
重慶銀行於2016年的業務表現及財務業績令人
滿意，淨溢利較2015年增加%,年內股本回
報率為%。貸款及存款分別較2015年增長
%及%。其他主要財務及表現指標穩
健，於2016年末貸存比率為%，不良貸款比
率為%。重慶銀行於2016年的資產質素整體
穩定，年末不良貸款覆蓋率非常充裕，為293%。
繼重慶銀行於2013年下旬完成首次公開招股及
於2015年下旬完成股份配售後，本集團的權益於
2013年下旬由20%攤薄至%，於2015年
末進一步被攤薄至%。本集團應佔重慶銀
行淨溢利繼續按權益會計基準予以確認。由於自
2015年年底起本集團於重慶銀行的權益有所攤薄
及2016年人民幣貶值，本集團於2016年應佔的
重慶銀行淨溢利為6億零3百萬港元，低於2015
年重慶銀行整體的貢獻6億1千8百萬港元（包括
本集團確認的有關2015年攤薄的視為出售虧損）。
風險管理
年內，本集團進一步加強風險偏好框架及提高流
動資金風險管理的穩健性，部分為根據2016年香
港金融管理局（「香港金管局」）發佈的有關流動資
金風險管理之經修訂《監管政策手冊》指引內所提
出的監管規定變動而改善。本集團於年內繼續致
力改善信貸審批及信貸管理程序，加強信貸控制
及工作效率，並取得進展。
反清洗黑錢（「反洗錢」）方面，我們持續加強反洗
錢風險管理機制，包括管理監督、政策及程序、
營運程序、交易監控以及員工合規文化。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報30
CAPITAL AND LIqUIDITY
2016年 2015年
本集團 The Group 2016 2015
附屬銀行之資本基礎 Capital base of banking subsidiaries
（以百萬港元計） (HK$ million)
於12月31日 As at 31 December
－普通股權一級 – Common Equity Tier 1 17,203 15,840
－一級 – Tier 1 17,203 15,840
－二級 – Tier 2 7,515 5,855
扣減後之資本基礎總額 Total capital base after deductions 24,718 21,695
資本充足比率 * Capital adequacy ratio*
－普通股權一級 – Common Equity Tier 1 % %
－一級 – Tier 1 % %
－整體 – Total % %
流動資產維持比率 Liquidity maintenance ratio
（年度平均） (average for the year) % %
* The capital adequacy ratio as at 31 December 2016 and 31 December
2015 represents the consolidated position of DSB (covering BCM and
DSB China) computed on Basel III basis with reference to the Banking
(Capital) Rules. This consolidated capital adequacy ratio takes into
account market risk and operational risk.
The liquidity maintenance ratio are calculated as the simple average
of each calendar month’s average consolidated liquidity maintenance
ratio of DSB (covering BCM and DSB China) for the twelve months of
the financial year, computed in accordance with the Banking (Liquidity)
Rules effective from 1 January 2015.
The Group’s banking business maintained healthy capital adequacy
ratios over the past two years whilst the Group pursued its growth
strategy and implemented changes to comply with the new regulatory
capital rules. In addition to profit retention in the year to strengthen
the Group’s Common Equity Tier 1 capital, DSB issued a new Basel
III compliant US$250 million Tier 2 subordinated debt in late 2016,
which boosted the Tier 2 capital base and also consolidated capital
adequacy ratio of the Group as at 31 December 2016. The new Tier 2
subordinated debt was issued in advance of DSB’s redemption of two
non-Basel III compliant Tier 2 subordinated debts in February 2017
(with the call options to be exercised in early 2017, after receiving the
prior consent of HKMA).
Our Group continued to maintain throughout the year a high liquidity
ratio backed by a strong pool of liquid assets including cash and
placements with banks, and diversified marketable securities held for
investment and liquidity purposes.
資本及流動資產
* 2016年12月31日及2015年12月31日之資本充
足比率乃大新銀行的綜合狀況（包括澳門商業銀行
及大新銀行（中國））及參考《銀行業（資本）規則》的
巴塞爾協定 III基礎所計算的綜合比率。該綜合資
本充足比率的計算已考慮到市場風險和操作風險。
流動資產維持比率乃按大新銀行（包括澳門商業
銀行及大新銀行（中國））於財政年度12個月內各
曆月之平均綜合流動資產根據於2015年1月1日
生效的《銀行業（流動性）規則》計算。
於過往兩年，本集團銀行業務於實行增長策略及
就新監管資本規則作出變動以符合要求同時，維
持穩健的資本充足比率。除年內保留盈利以增強
本集團普通股權一級資本外，大新銀行於2016年
年底發行2億5千萬美元符合新巴塞爾協定 III的二
級後償債務，增加了二級資本基礎及鞏固了本集
團於2016年12月31日的資本充足率。新二級後
償債務在大新銀行於2017年2月贖回兩種不符合
巴塞爾協定III的二級後償債務（於收到香港金管局
的事先同意後，附帶於2017年年初可行使的提早
贖回權）之前發行。
於充裕之流動資產組合支持下，包括現金及銀行
存款，以及持有各類用作投資及流動資金用途的
有價證券，本集團於整年內持續維持穩健之流動
資產比率。
業務回顧
REVIEW OF OPERATIONS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 31
HUMAN RESOURCES
We continued to make efforts to inculcate the Group’s guiding
principles and values in our employees. Riding on the success of the
staff recognition program “Unsung Hero Award” in the past years,
in 2016, we launched the new “Dah Sing Star Awards” to continue
to recognise colleagues who have exhibited the Group’s guiding
principles and values in their daily work. Recognitions were also given
to those staff who made contributions to improvement in business
performance, productivity and effectiveness of our operations.
Growing with employees through mutual commitment is a part of the
Group’s corporate mission. In 2016, we launched the new Dah Sing
Manager Program for junior managerial staff based on the successful
experience of the similar program at advanced level covering senior
executives, which will contribute to the career advancement of our
managerial staff. A number of other new training programmes and
enhanced programmes were also launched to cope with the Group’s
changing business needs.
We furthered our efforts in fostering a caring culture throughout the
organization. In 2016, we introduced birthday party subsidy for all
employees and celebration lai see for colleagues who are newly
married or have a new born baby, enhanced our group medical
insurance coverage and implemented initiatives to promote staff
wellness, such as Work-Life Balance Week, Healthy Week and
various wellness talks. To support building a breastfeeding-friendly
workplace, lactation rooms for employees in need were set up or
planned for further development in the year.
The Group was presented with “The Employer of Choice Award 2016”
by Job Market. The award is a recognition of the Group’s commitment
and achievement across different areas including recruitment and
retention strategy, training and development, reward, organizational
culture and work-life balance.
人力資源
本集團繼續致力向僱員灌輸本集團的指導原則及
價值觀。憑藉往年員工表揚計劃「無名英雄」獎取
得的成功，於2016年本集團推出新的「大新之星」
獎，繼續表揚在日常工作中彰顯本集團指導原則
及價值觀的同事。本集團亦表揚為提升本集團業
務表現、生產能力及營運效益作出貢獻的員工。
透過與員工互相承諾及一起成長作為本集團企業
使命的一部分。2016年，本集團根據為高級管理
人員而舉辦類似計劃的成功經驗，為初級管理人
員推出新的大新經理計劃，以促進本集團的管理
人員晉升機會。本集團亦推出一系列的其他新培
訓計劃及提升計劃，應對本集團日益變化的業務
需要。
我們進一步加強整個機構之互相關懷文化。於
2016年，本集團為全體員工推出生日派對津貼
及派發祝賀利是予新婚或添丁的同事，並提高本
集團的醫療保險保障及採取措施促進員工身心健
康，例如生活與工作平衡週、健康週及各種健康
講座。為支持母乳餵哺友善工作間，本集團於年
內為有需要的僱員設立授乳室或計劃進一步發展
授乳室。
本集團獲JobMarket求職廣場授予「卓越僱主大獎
2016」。該獎項是對本集團對招聘及挽留策略、
培訓及發展、獎勵、組織文化及生活與工作平衡
等不同領域所作出的承擔及成就之認同。
業務回顧
REVIEW OF OPERATIONS
大新銀行集團有限公司 2016年年報32
HUMAN RESOURCES (Continued)
The Group is honoured to receive the “10+ years Caring Company”
award from the Hong Kong Council of Social Service in recognition
of our commitment to corporate social responsibility. Also, we were
granted the “2015/16 Good MPF Employer Award” by the Mandatory
Provident Fund Schemes Authority as a recognition of the Group’s
efforts in enhancing the retirement benefits of employees. Further, we
were given the “Family-Friendly Employer” award and “Awards for
Breastfeeding Support” under the 2015/16 Family-Friendly Employers
Award Scheme jointly organized by the Home Affairs Bureau and
the Family Council. In recognition of our being a “Family-Friendly
Employer” in two rounds of assessment under the Family-Friendly
Employers Award Scheme, we were also given the “Special Mention”.
These awards recognised the Group’s continuous efforts in enhancing
family-friendly policies and practices.
To cope with business growth covering the Hong Kong, Macau and
China markets, and the increasing demand for human resources
to strengthen our capabilities in both business units and support
functions, the Group’s headcount further increased in 2016, with the
total number of employees of our Group increasing from 2,619 at the
end of 2015 to 2,751 at the end of 2016.
人力資源（續）
本集團亦超過連續10年榮獲香港社會服務聯會頒
發「商界展關懷」獎項，認同本集團於企業社會責
任的承諾。我們並獲強制性公積金計劃管理局嘉
許為2015/16年度「積金好僱主」，認同本集團在
增加僱員退休福利方面所作努力。此外，本集團
獲得民政事務局及家庭議會共同舉辦的2015/16
年度家庭友善僱主獎勵計劃下的「家庭友善僱主」
獎項及「支持母乳餵哺獎」。作為對本集團在家庭
友善僱主計劃下兩輪評審為「家庭友善僱主」的認
同，本集團亦獲得「特別嘉許」。該等獎項認同本
集團持續致力於提升家庭友善政策及措施。
為應付本集團於香港、澳門及中國市場的業務增
長及加強業務單位及支援部門之實力而對人力資
源需求的日益增加，本集團於2016年之員工人數
進一步增加，員工總數由2015年年底之2,619人
增加至2016年年底之2,751人。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 33
C O R P O R A T E G O V E R N A N C E P R I N C I P L E S A N D
PRACTICES
The Board of Directors (the “Board”) and the Management of Dah Sing
Banking Group Limited (“Company” or “Group”) are committed to
maintaining a high standard of corporate governance practices within
the Group and devote considerable effort to identify and formalize
best practices. We believe that sound and effective corporate
governance practices are essential for delivering sustainable value,
enhancing a culture of business integrity and maintaining investors’
confidence. Good corporate governance promotes and safeguards
the interests of shareholders and other stakeholders, thereby
enhancing the credibility and reputation of the Group.
Throughout the year ended 31 December 2016, the Company has
applied the principles and complied with all code provisions as set
out in the Corporate Governance Code (“CG Code”) under Appendix
14 of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited (“Listing Rules”) with the exception
of code provision as explained in the following relevant section.
This Corporate Governance Report has been prepared in accordance
with the requirements set out in Appendix 14 of the Listing Rules, and
explains how the Company applies the principles of the CG Code.
BOARD OF DIRECTORS
The Board
The Board is responsible for the leadership and control of the
Company so as to promote its success and continued growth.
The Board is also responsible for ensuring that the Company has
sound systems of risk management, internal control and regulatory
compliance. The Directors, collectively and individually, have a duty to
act in good faith, and to take decisions objectively in the interests of
the Group. The Board sets the business objectives for the Company,
and monitors the execution of those objectives by the Management of
the Company.
企業管治原則及常規
大新銀行集團有限公司（「本公司」或「本集團」）董
事會（「董事會」）及管理層竭力維持集團內高水平
之企業管治並致力識別及規範最佳常規，我們深
信完備及有效之企業管治常規對實現持續價值、
提升企業誠信文化及維持投資者信心十分重要。
良好的企業管治可促進及保障股東及其他持份者
的利益，藉此提升本集團的公信力和聲譽。
截至2016年12月31日止年度期間，本公司已應
用及遵守香港聯合交易所有限公司證券上市規則
（「《上市規則》」）附錄14之《企業管治守則》（「企業
管治守則」）所載之原則及所有守則條文，惟下列
相關段落解釋之守則條文除外。本報告乃遵
照《上市規則》附錄14之要求而編纂，並闡述本公
司應用企業管治守則所載原則之情況。
董事會
董事會
董事會負責領導及監控本公司，以促進其成效及
持續增長。此外，董事會亦負責確保本公司有健
全之風險管理、內部監控及監管合規制度。董事
共同及個別承擔摯誠行事之責任，並以本集團之
利益作出客觀決定。董事會為本公司制定業務發
展目標，並負責監察本公司管理層履行該等目標
之情況。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報34
BOARD OF DIRECTORS (Continued)
The Board (Continued)
The Board has delegated the day-to-day responsibility of running
the Group to the Management, and has delegated responsibility for
certain matters to a number of committees, which are described
more fully in the following sections. As defined in the Board’s
terms of reference, there are a number of matters which require
the deliberation of the full Board, and may not be delegated to the
committees of the Board or the Management. These reserved matters
include:
– setting and overseeing the objectives and strategies of the
Group
– approving annual budget and business plan, and monitoring
performance and execution of plan
– risk governance
– appointment and oversight of senior management, and ensuring
competent management is in place
– setting corporate values and standards
– ensuring a suitable and transparent corporate structure
– ensuring effective audit function and internal control
– ensuring an appropriate level of effectiveness in respect of the
structure, operation and risk management
– matters involving conflict of interest of substantial shareholders
or any Director
– material acquisition or disposal of assets (not in the ordinary
business or operation of the Company), investments and
business reorganization
– appointment of Directors and also appointment of individual
Directors as the chairman or members of Board Committees
– corporate governance functions in respect of the development
and review of policies and practices on corporate governance
Board Composition
The Board comprises 9 Directors, namely Messrs. David Shou-Yeh
Wong (Chairman), Hon-Hing Wong (Derek Wong) (Vice Chairman),
Harold Tsu-Hing Wong (Managing Director and Chief Executive) and
Gary Pak-Ling Wang as Executive Directors (“EDs”), Mr. Kenichi
Yamato as Non-Executive Director (“NED”), and Messrs. Robert Tsai-
To Sze, Andrew Kwan-Yuen Leung, Seng-Lee Chan and Yuen-Tin
Ng as Independent Non-Executive Directors (“INEDs”). There is a
strong independent element in the Board to ensure the independence
and objectivity of the Board’s decision-making process as well as
the thoroughness and impartiality of the Board’s oversight of the
Management.
董事會（續）
董事會（續）
董事會已將管理本集團日常事務之職責授予管理
層，並將處理若干事宜之職責交予不同委員會
（詳情載於以下各節）。根據董事會職權範圍之定
義，若干事項須經董事會全體成員共同審議，不
得轉授予董事會轄下委員會或管理層。該等保留
事項包括：
– 集團目標與策略的制定及監察
– 通過年度預算及業務計劃，監察表現及執
行計劃
– 風險管治
– 高級管理層的委任及監察，以及確定管理
層稱職勝任
– 確立企業價值觀及標準
– 確定適當及具透明度的企業架構
– 確定有效之內部審計及內部監控
– 確定架構、運作及風險管理之適當有效
– 涉及主要股東或任何董事有利益衝突之交
易
– 重大收購或出售事項（非公司日常業務或運
作之項目）、投資及業務重組
– 委任董事及個別董事出任董事會委員會主
席或成員
– 制定和檢討企業管治政策及常規之企業管
治職能
董事會之組成
董事會由9名董事組成，分別為執行董事（「執
行董事」）王守業先生（主席）、黃漢興先生（副主
席）、王祖興先生（董事總經理兼行政總裁）及王
伯凌先生；非執行董事（「非執行董事」）大和健
一先生；及獨立非執行董事（「獨立非執行董事」）
史習陶先生、梁君彥先生、陳勝利先生及吳源田
先生。董事會具備高度獨立性，以確保能作出獨
立客觀之決策，並能全面及不偏不倚地監督管理
層。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 35
BOARD OF DIRECTORS (Continued)
Board Composition (Continued)
The Board possesses appropriate experience, competencies and
personal qualities to discharge its responsibilities adequately
and effectively. In addition, the Board collectively has adequate
knowledge and expertise relevant to the business activities of the
Company in order to ensure effective governance and oversight. Brief
biographical particulars of the Directors are set out on pages 6 to 10.
The Company has maintained on the respective websites of Dah Sing
Bank and Hong Kong Exchanges and Clearing Limited an updated
list of its Directors including their roles and functions and whether
they are INEDs. INEDs are also identified as such in all corporate
communications that disclose the names of the Company’s Directors.
The independence of the INEDs has been assessed in accordance
with the guidelines set out in Rule of the Listing Rules.
Following such assessment, the Board considers all the INEDs to be
independent. Further, the Company has also received from each of
the INEDs an annual confirmation of his independence.
The Company issues appointment letters to each of the NEDs
(including INEDs), setting out the terms and conditions of their
appointment.
Chairman and Chief Executive
The Company acknowledges that there are two key aspects of its
management – the management of the Board and the day-to-day
management of its business, and that there should be a clear division
of these responsibilities at the Board level to ensure a balance
of power and authority, so that no single individual should have
unfettered powers of decision.
The posts of the Chairman and the Chief Executive are held separately
by Mr. David Shou-Yeh Wong and Mr. Harold Tsu-Hing Wong
respectively. This segregation ensures a clear distinction between
the Chairman’s responsibility to manage the Board and the Chief
Executive’s responsibility to manage the Company’s business and
a balance of power and authority. The Chairman mainly provides
leadership for the Board to ensure that the Board discharges its
responsibilities effectively, and that all key and appropriate issues are
discussed by the Board in a timely manner. The Chairman possesses
the requisite experience, competencies and personal qualities to fulfill
these responsibilities. The Chief Executive is responsible for the day-
to-day management of the Company to provide business direction
and operational leadership for the benefit of the Group’s businesses,
enhance shareholder value and ensure sound internal control. Mr.
David Shou-Yeh Wong is the father of Mr. Harold Tsu-Hing Wong.
董事會（續）
董事會之組成（續）
董事會擁有適當的經驗、才能及個人特質，以充
份及有效地履行其責任。此外，董事會全體董事
均對本公司的業務具備充份及專門知識，以確保
有效管治及監督。董事之個人履歷簡介，載於第
6頁至第10頁。本公司已分別於大新銀行及香港
交易及結算所有限公司的網頁上載本公司的最新
董事名單（包括各董事擔任的角色及職能）以及彼
等是否獨立非執行董事。本公司會於所有披露本
公司董事姓名的企業通訊內，註明各獨立非執行
董事的身份。
所有獨立非執行董事均按照《上市規則》第
條有關獨立性之指引進行獨立性的評估。經評估
後，董事會認為全體獨立非執行董事均符合獨立
資格。此外，本公司亦已收到各獨立非執行董事
有關其獨立性之週年確認書。
本公司向各非執行董事（包括獨立非執行董事）發
出的委任書，臚列彼等委任之條款及條件。
主席及行政總裁
本公司認為企業管理包括兩個主要層面：董事會
之管理及企業業務之日常管理。董事會應清晰區
分責任以確保權力及權限之平衡，而不致使任何
個人擁有不受制約之決策權。
主席與行政總裁之職務分別由王守業先生和王祖
興先生擔任。職權之區分可清楚界定主席於董事
會中擔當領導角色及行政總裁於日常業務的管理
職責，以確保權力和授權分佈均衡。主席主要在
董事會中擔當領導角色，以確保董事會有效地履
行其責任，使所有關鍵及相關事宜得以獲董事會
及時處理。主席擁有履行該等責任所需的經驗、
能力及個人特質。行政總裁則負責本公司之日常
管理，為本集團企業利益指導業務方向及領導經
營，提高股東價值及確保內部監控健全。王守業
先生為王祖興先生之父親。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報36
BOARD OF DIRECTORS (Continued)
NEDs (including INEDs)
The Company has 1 NED and 4 INEDs. Each of the INEDs has
provided to the Company confirmation of his independence as
required under Rule of the Listing Rules. The Company has
complied with Rule (1) and (2) and with sufficient number
of INEDs who possess the appropriate professional qualifications and
experience.
Pursuant to code provision of the CG Code, NEDs should be
appointed for a specific term, subject to re-election. The NEDs of
the Company are not appointed for a specific term, but are subject
to retirement by rotation and re-election at annual general meetings
in accordance with the provisions of the Company’s Articles of
Association.
NEDs, as equal Board members, give the Board and any committees
on which they serve the benefit of their skills, expertise and varied
backgrounds and qualifications through regular attendance and active
participation. They attend regular and special Board meetings, and
are encouraged to attend the general or extraordinary general meeting
of the shareholders of the Company. The NEDs make valuable
contribution to the development of the Company’s strategy and
policies through independent, constructive and informed comments
and suggestions.
董事會（續）
非執行董事（包括獨立非執行董事）
本公司有1位非執行董事及4位獨立非執行董事。
各獨立非執行董事均已按《上市規則》第條
之規定向本公司確認其獨立性。本公司已遵守第
(1)及 (2)條及第條，擁有足夠具備適當
專業資格及經驗之獨立非執行董事人數。
根據企業管治守則之守則條文規定，非執行
董事之委任應有指定任期，並須接受重新選舉。
本公司之非執行董事委任並無訂立特定任期，惟
須根據本公司的組織章程細則於股東週年大會上
輪值退任及重選連任。
非執行董事一如其他董事會成員，透過定期出席
會議及積極參與，致力以其技能、專業知識及各
自不同背景及資歷，為董事會及其參與之有關委
員會帶來貢獻。彼等出席定期及特別董事會會
議，並獲鼓勵出席本公司之股東大會及股東特別
大會。非執行董事透過提供獨立、富建設性及知
情之意見及建議，為本公司之策略及政策發展作
出寶貴的貢獻。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 37
BOARD OF DIRECTORS (Continued)
Board Process
Board meet ings are he ld a t least four t imes each year a t
approximately quarterly intervals, and additional board meetings
are held as necessary. Details of Directors’ attendance at the Board
meetings and the annual and extraordinary general meetings in 2016
are set out in the section on Attendance Record.
Notice of at least 14 days is given of regular Board meetings to give
all Directors an opportunity to attend. For all other Board meetings,
reasonable notice is given in advance. Directors may submit to
the Company Secretary, in writing, and at least 7 days in advance,
matters that they would like to include in the agenda for regular
Board meetings. Minutes of the Board and committees of the Board
are kept by the Company Secretary or the secretary of the relevant
committees, and are open for inspection at any reasonable time on
reasonable notice by any Director.
Other than regular Board meetings, the Chairman also meets with the
NEDs (including INEDs), without the presence of the EDs and other
Management staff, to facilitate open and frank discussion on issues
relating to the Company.
Directors may, upon reasonable request, seek independent
professional advice in appropriate circumstances, at the Company’s
expense. In circumstances where Directors believe that independent
advice is needed, they should approach the Company Secretary or
the Chief Executive in the first instance with their request. No such
request will be unreasonably denied, and the Company Secretary
or the Chief Executive will endeavor to identify and engage an
appropriate professional adviser at the expense of the Company. The
Company maintains appropriate insurance cover in respect of legal
action against its Directors.
董事會（續）
董事會會議程序
董 事 會 每 年 最 少 召 開4次 會 議（ 大 致 按 季 度 舉
行），並在有需要時另外召開董事會會議。董事
於2016年出席董事會會議及股東週年及股東特別
大會之詳情載於會議出席紀錄一節。
定期召開之董事會會議予以最少14天預先通知，
以便所有董事有機會安排出席。其餘所有董事會
會議，亦預先有合理通知。董事可在不少於7天
前以書面形式向公司秘書提出彼等擬列入董事會
定期會議議程之商討事項。公司秘書或有關委員
會之秘書備存董事會及董事委員會之會議記錄，
該等會議記錄可在任何董事提出合理通知後在任
何合理時間內以供查閱。
除定期董事會會議外，主席亦會於執行董事及其
他管理人員避席之情況下，與各非執行董事（包
括獨立非執行董事）會面，以便各非執行董事公
開坦誠地討論有關本公司之事宜。
董事可於適當情況下，在提出合理要求後尋求獨
立專業意見，相關費用由本公司支付。倘董事認
為需要獨立意見，應首先將其要求知會公司秘書
或行政總裁。該等要求不得無理被拒，且公司秘
書或行政總裁須盡力為其物色及委聘合適之專業
顧問，相關費用由本公司支付。本公司已為其董
事購買合適之法律訴訟保險。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報38
BOARD OF DIRECTORS (Continued)
Corporate Governance Functions
The Board is responsible for performing the corporate governance
duties including:
– to develop and review of the Group’s policy and practices on
corporate governance
– to review and monitor the training and continuous professional
development of directors and senior management
– to review and monitor the Group’s policies and practices on
compliance with legal and regulatory requirements
– to develop, review and monitor the code of conduct and
compliance manual applicable to employees and directors
– to review the Company’s compliance with the CG Code and
disclosure in the Corporate Governance Report
The following is a summary of the matters relating to the above
corporate governance duties reviewed and discussed by the Board in
2016:
– Corporate Governance Report of 2015
– Requirements of the Listing Rules in respect of Environmental,
Social and Governance Reporting
– Corporate Social Responsibility Report of 2015
– Change of Board composition
– Group Remuneration Policy
– Revised Code of Conduct for Staff
– Renewal of the Continuing Connected Transactions
– Adoption of e-communication with shareholders
– Rev ised Terms o f Re fe rence o f the Nomina t ion and
Remuneration Committee
董事會（續）
企業管治職能
董事會負責履行企業管治職責包括：
－ 制定及檢討本集團的企業管治政策及常規
－ 檢討及監察董事及高層管理人員的培訓及
持續專業發展
－ 檢討及監察本集團在遵守法律及監管規定
方面的政策及常規
－ 制定、檢討及監察僱員及董事的操守準則
及合規手冊
－ 檢討本公司遵守企業管治守則的情況及在
企業管治報告內的披露
董事會於2016年內審閱及討論上述企業管治相關
職責之事項概要如下：
－ 2015年企業管治報告
－ 《上市規則》項下有關環境、社會及管治報
告之規定
－ 2015年企業社會責任報告
－ 董事會之變更
－ 集團薪酬政策
－ 經修訂之僱員操守準則
－ 更新持續關連交易
－ 股東電子通訊之採納
－ 經修訂之提名及薪酬委員會之職權範圍
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 39
董事會（續）
董事之證券交易守則
本公司已採納一套自行制定且條款不低於《上市
規則》附錄10《上市發行人董事進行證券交易的標
準守則》（「《標準守則》」）所載規定的董事進行證
券交易的董事證券交易守則（「董事交易守則」）。
經向本公司董事作出特定查詢後，彼等已確認於
截至2016年12月31日止年度，均已遵守《標準守
則》及本公司之董事交易守則。
委任及重選董事
所有獲委任填補臨時空缺之董事，須於其獲委任
後之首次股東大會上由股東膺選。根據企業管治
守則之守則條文規定，每名董事（包括有指
定任期的董事）至少每3年應輪流退任。所有新任
董事於委任生效後，須於下一次股東周年常會上
經本公司股東選舉。所有其他董事至少須於每3
年輪值退任1次。
BOARD OF DIRECTORS (Continued)
Code for Securities Transactions by Directors
The Company has adopted its own code for directors’ securities
transactions (“Directors’ Dealing Code”) on terms no less exacting
than the prevailing required standard set out in the Model Code for
Securities Transactions by Directors of Listed Issuers (“Model Code”)
under Appendix 10 of the Listing Rules. Following specific enquiry,
the Directors of the Company confirmed that they had complied with
the required standard set out in the Model Code and the Directors’
Dealing Code during the year ended 31 December 2016.
Appointment and Re-election of Directors
A director appointed to fill a casual vacancy shall be subject to
election by shareholders at the first general meeting after his/her
appointment. Pursuant to code provision of the CG Code, every
director, including those appointed for a specific term, should be
subject to retirement by rotation at least once every three years. All
new Directors are subject to election by shareholders of the Company
at the next annual general meeting after their appointments have
become effective. All other Directors of the Company are subject to
retirement by rotation at least once every three years.
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報40
BOARD OF DIRECTORS (Continued)
Delegation by the Board
The Nomination and Remuneration Committee and the Audit
Committee were set up under the authority of the Board, to assist the
Board in carrying out its responsibilities.
The current composit ion of the Board, the Nominat ion and
Remuneration Committee and the Audit Committee is as follows:
董事會（續）
董事會授權
董事會轄下設有提名及薪酬委員會以及審核委員
會，以協助董事會履行其職責。
董事會、提名及薪酬委員會以及審核委員會目前
之成員組合詳列如下：
Board
EDs
David Shou-Yeh Wong (Chairman)
Hon-Hing Wong (Derek Wong) (Vice Chairman)
Harold Tsu-Hing Wong (Managing Director and Chief Executive)
Gary Pak-Ling Wang
NED
Kenichi Yamato
INEDs
Robert Tsai-To Sze
Andrew Kwan-Yuen Leung
Seng-Lee Chan
Yuen-Tin Ng
董事會
執行董事
王守業（主席）
黃漢興（副主席）
王祖興（董事總經理兼行政總裁）
王伯凌
非執行董事
大和健一
獨立非執行董事
史習陶
梁君彥
陳勝利
吳源田
Nomination and
Remuneration Committee
INEDs
Robert Tsai-To Sze (Chairman)
Andrew Kwan-Yuen Leung
Seng-Lee Chan
ED
David Shou-Yeh Wong
提名及薪酬委員會
獨立非執行董事
史習陶（主席）
梁君彥
陳勝利
執行董事
王守業
Audit Committee
INEDs
Robert Tsai-To Sze (Chairman)
Seng-Lee Chan
Yuen-Tin Ng
審核委員會
獨立非執行董事
史習陶（主席）
陳勝利
吳源田
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 41
BOARD OF DIRECTORS (Continued)
Induction and Training for Directors
A newly appointed Director is provided with a Director’s induction
handbook and materials relevant to the Company and briefed by the
Management to ensure that the Director has a proper understanding
of the operations and business of the Group and that he or she
is aware of his or her responsibilities under the relevant laws and
regulations. The Company also organized continuous professional
development and training to its Directors to ensure that they are
fully aware of their responsibilities under the applicable laws and
regulations.
Directors participated in continuous professional development to
develop and refresh their knowledge and skills. During the year, the
Company has organized board briefings for Directors. All Directors
provided to the Company Secretary a record of the training they
received in 2016.
The Directors received trainings on the following areas during the
year:–
培訓範疇
Training Areas
業務╱
財務╱
企業管治 監管規定 管理
Business/
Corporate Financial/
董事 Directors Governance Regulatory Management
獨立非執行董事 INEDs
史習陶 Robert Tsai-To Sze ✓ ✓ ✓
梁君彥 Andrew Kwan-Yuen Leung ✓ ✓ ✓
陳勝利 Seng-Lee Chan ✓ ✓ ✓
吳源田 Yuen-Tin Ng ✓ ✓ ✓
非執行董事 NED
大和健一 Kenichi Yamato
（於2016年8月12日獲委任） (appointed on 12 August 2016) ✓ ✓ ✓
執行董事 EDs
王守業 David Shou-Yeh Wong ✓ ✓ ✓
黃漢興 Hon-Hing Wong (Derek Wong) ✓ ✓ ✓
王祖興 Harold Tsu-Hing Wong ✓ ✓ ✓
王伯凌 Gary Pak-Ling Wang ✓ ✓ ✓
董事會（續）
董事就任須知及培訓
本公司會向新委任的董事提供董事就任手冊及本
公司之資料，並由管理層作出簡介，以確保董事
對本集團的運作及業務均有適當的理解，以及知
悉本身在相關法律及規定下的職責。本公司亦舉
辦持續專業發展及培訓予其董事，以確保各董事
充份知悉彼等在適用法律及規例下的職責。
董事均參與持續專業發展，發展並更新彼等知識
及技能。於年度內，本公司為董事安排簡介會。
所有董事均已向公司秘書提供彼等於2016所接受
培訓的記錄。
各董事於年度內已接受下列範疇之培訓：
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報42
BOARD COMMITTEE – NOMINATION AND REMUNERATION
COMMITTEE
Nomination of Directors
The terms of reference of the Board sets out the requirement for a
formal, considered and transparent procedure for the appointment
of new directors to the Board. The terms of reference also explicitly
prohibit the delegation of decisions regarding the appointment of
new directors to sub-committees of the Board or to the management
of the Company, and require that such appointments are made after
deliberation by the full Board.
Remuneration of Directors
The Remuneration Committee was established by the Company in
August 2005 with specific written terms of reference setting out its
roles and responsibilities. The Committee was reconstituted as the
Nomination and Remuneration Committee (“NRC”) of the Company
in August 2006 with a set of updated terms of reference. The NRC is
responsible, among other things, for the review and endorsement of
the nomination of directors, approval of the remuneration of directors
and senior management. Since December 2010, the NRC’s terms
of reference have covered the following roles and responsibilities as
well:
– To assist the Board in discharging its responsibility for the
design and operation of the Company’s remuneration system;
– To review and make recommendation to the Board in respect of
the Company’s remuneration policy and practices;
– To determine the specific remuneration packages of directors
and senior management; and
– To ensure that regular review of the Company’s remuneration
system and its operation is conducted.
董事委員會－提名及薪酬委員會
董事之提名
董事會之職權範圍規定董事會委任新增董事之正
式、經審慎考慮並具透明度之程序。職權範圍亦
明示禁止就委任新增董事之事宜上，將權力授予
董事會轄下之委員會或本公司管理層，並規定董
事會全體成員須深入審議後方可作出該等委任。
董事之薪酬
本公司於2005年8月成立薪酬委員會，以書面規
章訂明其具體職權範圍，列明其角色及職責。本
公司於2006年8月將委員會重新組成為提名及薪
酬委員會（「提名及薪酬委員會」），並更新其職權
範圍。提名及薪酬委員會負責（其中包括）審議及
贊同董事之提名，以及批准董事及高層管理人員
之薪酬。自2010年12月起，提名及薪酬委員會職
權範圍涵蓋以下角色與職責：
－ 協助董事會履行本公司薪酬系統規劃及操
作之職責；
－ 審議及向董事會推薦合適本公司之薪酬政
策及實務；
－ 為董事及高層管理人員訂定合適之薪酬待
遇；及
－ 確保本公司的薪酬系統及操作定期檢討。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 43
BOARD COMMITTEE – NOMINATION AND REMUNERATION
COMMITTEE (Continued)
Corporate Governance Duties
The NRC also performs the following duties:
– To review the structure, size, composition and diversity of the
Board at least annually and make recommendations on any
proposed changes to the Board
– To regularly review the eff iciency and effectiveness of
the functioning of the Board, particularly in respect of the
composition of Board members
– To review the Board Diversity Policy, the related measurable
objectives and the progress on achieving these objectives
The NRC is chaired by an INED and the majority of the members are
INEDs. The terms of reference for the NRC are available for inspection
at the Company’s registered office and the website of Dah Sing Bank.
The NRC held three meetings in 2016. The current members of the
NRC and their attendance record in 2016 are set out in the section on
Attendance Records.
The work of the NRC during 2016 included:
– Determining and approving the remuneration levels for
executive directors and senior management
– Reviewing and endorsing the nomination of directors to the
Board
– Reviewing and endorsing the terms of reference of NRC
– Reviewing and endorsing the Group’s remuneration policy and
related systems and practices
– Reviewing the disclosure on the Company’s remuneration
systems and practices
– Reviewing the Board governance of the Company and Dah Sing
Bank
– Reviewing the 2015 performance evaluation of individual INEDs
and the Board evaluation of Dah Sing Bank
– Reviewing and endorsing the succession plan for the Chief
Executive and Division Head positions of Dah Sing Bank
董事委員會－提名及薪酬委員會（續）
企業管治職責
提名及薪酬委員會亦履行下列職責：
－ 至少每年檢討董事會的架構、人數、組成
及多元化，並對董事會作出變動提出建議
－ 定期檢討董事會的運作效率及成效，尤其
是董事會成員的組成
－ 檢討董事會成員多元化政策、可計量目標
及其進度
提名及薪酬委員會由獨立非執行董事出任主席，
大部分成員為獨立非執行董事出任。提名及薪酬
委員會之職權範圍可於本公司之註冊辦事處及大
新銀行網頁上查閱。
提名及薪酬委員會於2016年內曾召開3次會議。
提名及薪酬委員會現任委員名單及彼等出席2016
年會議之詳情載於會議出席紀錄一節。
提名及薪酬委員會於2016年年度之工作包括：
– 釐定及批准執行董事及高層管理人員之薪
酬水平
– 審議及贊同董事會董事之提名
– 審議及贊同提名及薪酬委員會之職權範圍
– 審議及贊同本集團之薪酬政策與相關制度
及實務
– 審議本公司薪酬制度及實務之披露
– 審議本公司及大新銀行之董事會管治
– 審議大新銀行個別獨立非執行董事及董事
會之2015年表現評價
– 審議及贊同大新銀行行政總裁及處級主管
繼任計劃
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報44
BOARD COMMITTEE – NOMINATION AND REMUNERATION
COMMITTEE (Continued)
The Group’s Remuneration Policy
The Group’s policy on remuneration is to maintain fair and competitive
packages for its employees, which are commensurate with market
terms, and are based on business needs, expertise and quality of
the individuals, and with proper reference to industry practice and
regulatory guidelines.
For determining the level of fees paid to members of the Board of
Directors, market rates and factors such as each director’s workload
and required commitment will be taken into account. The following
factors are considered when determining the remuneration packages
of EDs:
– Business needs and performance
– The economy and business conditions in general
– Each individual’s contributions to the Group
– Risk related performance
– Reference to market pay level commensurate with the individual’s
responsibility
– Consideration of regulatory guidelines
– Retention considerations and each individual’s potential
During the process of consideration, no individual director will be
involved in decisions relating to his/her own remuneration.
Board Diversity Policy
The Board has adopted a Board Diversity Policy (the “Policy”) on 3
December 2013. The key terms of this Policy are set out as follows:
1. Purpose
This Policy aims to set out the approach to achieve diversity
on the Company’s Board in order to enhance the quality of
its performance which in turn benefits the Company and its
business as a whole.
董事委員會－提名及薪酬委員會（續）
本集團之薪酬政策
本集團之薪酬政策旨在為僱員維持與市場條件相
若、公平且具競爭力之薪酬配套，並根據業務需
要、專業才能、個人之素質，且參照行業慣例與
監管指引而訂立。
就釐定支付予董事會成員之袍金水平而言，將會
考慮市場的袍金水平及各董事之工作量及其須作
出之承擔等因素。釐定執行董事薪酬待遇之考慮
因素如下：
－ 業務需要及表現
－ 整體經濟及商業情況
－ 個別對本集團之貢獻
－ 風險相關之表現
－ 參考與個人職責相符之市場薪酬水平
－ 遵行監管指引
－ 留任之考慮因素及個別之潛能
於考慮過程中，董事不可參與有關其本人薪酬之
決定。
董事會成員多元化政策
董事會於2013年12月3日採納董事會成員多元化
政策（「本政策」），其主要條款如下：
1. 目的
本政策旨在列載本公司董事會為達致成員
多元化而採取的方針，從而有利於本公司
及其整體業務，並提升公司的表現素質。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 45
BOARD COMMITTEE – NOMINATION AND REMUNERATION
COMMITTEE (Continued)
Board Diversity Policy (Continued)
2. Policy statement
The Company recognizes and embraces the benefits of having
a diverse Board in supporting the attainment of its sustainable
development. Board diversity has been considered from a
number of aspects, including but not limited to gender, age,
ethnicity, cultural and educational background, professional
experience, skills, knowledge and length of service. All Board
appointments will be based on meritocracy, and candidates will
be considered against objective criteria, having due regard for
the factors on personal attributes outlined above, expectation
on contribution to the Board, and the benefit of diversity of the
Board.
3. Measurable Objectives
Selection of candidates will be based on a range of diversity
perspectives, including but not limited to gender, age, ethnicity,
cultural and educational background, professional experience,
skills, knowledge, independence and length of service. The
ultimate decision will be based on merit and contribution that
the selected candidates will bring to the Board.
4. Monitoring and Reporting
The NRC will review and report annually, in the corporate
governance report to the Board, a summary of the Policy, the
measurable objectives to implement the Policy and progress
made towards achieving those objectives.
5. Review of the Policy
The NRC will review the Policy, as appropriate, to ensure the
effectiveness of the Policy and discuss and recommend any
revisions that may be required to the Board for consideration
and approval.
董事委員會－提名及薪酬委員會（續）
董事會成員多元化政策（續）
2. 政策聲明
本公司明白並深信董事會成員多元化對支
持實現可持續發展裨益良多。董事會成員
多元化有多方面的考慮因素，包括但不限
於性別、年齡、種族、文化及教育背景、
專業經驗、技能、知識及服務任期。董事
會所有委任均以用人唯才為原則，並在考
慮人選時以客觀條件充分顧及上述之個人
素質因素、對董事會貢獻之期望及董事會
成員多元化的裨益。
3. 可計量目標
甄選人選將按一系列多元化範疇為基準，
包括但不限於性別、年齡、種族、文化及
教育背景、專業經驗、技能、知識、獨立
性及服務任期。最終將按人選的長處及可
為董事會提供的貢獻而作決定。
4. 監察及匯報
提名及薪酬委員會將每年向董事會在企業
管治報告內審議及匯報本政策概要、實行
本政策之可計量目標及達標進度。
5. 檢討本政策
提名及薪酬委員會將在適時檢討本政策，
以確保本政策行之有效，討論和提出修訂
建議，供董事會審批。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報46
BOARD COMMITTEE – AUDIT COMMITTEE
The Audit Committee (“AC”), established by the Board of the
Company, is responsible for ensuring the objectivity and credibility
of financial reporting, reviewing the internal control system and
compliance with regulatory requirements, and approving audit
plans and reviewing findings and reports of the internal and external
auditors, and that in presenting results to the shareholders, the
Directors have exercised the care, diligence and skills prescribed
by laws, and that appropriate accounting and financial reporting
standards are followed.
The AC makes recommendation to the Board on the selection,
oversight and remuneration of external auditors. The AC reviews and
monitors the external auditors’ independence and objectivity and
the effectiveness of the audit process in accordance with applicable
standards.
The AC reviews and monitors the integrity of the Company’s annual
and interim financial statements, including significant financial
reporting judgments used in producing the financial statements.
The AC reviews the Company’s internal controls and reports its major
findings and comments to the Board. Descriptions of the Company’s
internal control system are set out below, whilst for risk management,
these are shown in the Supplementary Financial Information
under Risk Management and described with appropriate financial
quantification in the Financial Risk Management sections as notes to
the annual financial statements.
The terms of reference for the AC are available for inspection at the
Company’s registered office and the website of Dah Sing Bank.
The members of the AC are Mr. Robert Tsai-To Sze (Chairman), Mr.
Seng-Lee Chan and Mr. Yuen-Tin Ng. All of the members of the AC
are INEDs with extensive experience in banking, finance and business
management. The AC’s chairman, Mr. Sze, is a qualified accountant
and was a partner of a predecessor firm of PricewaterhouseCoopers
up to June 1996. None of the other committee members are employed
by or otherwise affiliated with the former or existing external auditors
of the Company.
The AC members meet at least three times a year with the Company’s
senior Management, the head of internal audit and the external
auditors. In 2016, a total of three meetings were held.
董事委員會－審核委員會
由本公司董事會成立之審核委員會（「審核委員
會」），負責確保財務報告之客觀性及可信性、檢
討內部監控制度及監管要求合規度、批准審核計
劃及審閱內部與外聘核數師之查察結果及報告，
並於向股東呈報業績時，確保各董事已按法例規
定經審慎、盡責及克盡所能地遵循適當之會計及
財務報告準則。
審核委員會向董事會就外聘核數師之篩選、監察
及酬金提出建議。審核委員會根據適用之標準檢
討及監察外聘核數師之獨立性及客觀性，以及審
核程序之成效。
審核委員會審閱及監察本公司之年度及中期財務
報表之持正，包括編製財務報表時所採用之主要
財務報告判斷。
審核委員會檢討本公司之內部監控，並向董事會
報告其主要檢討結果及提供意見。本公司內部監
控制度的描述載於下文，至於風險管理則載於補
充財務資料內之風險管理項下及年度財務報告附
註財務風險管理項下恰當之量化財務披露。
審核委員會之職權範圍可於本公司之註冊辦事處
及大新銀行網頁上查閱。
審核委員會之成員為史習陶先生（主席）、陳勝利
先生及吳源田先生。所有審核委員會成員為獨立
非執行董事，彼等於銀行、財務及企業管理具有
豐富經驗。審核委員會主席史先生為合資格會計
師，直至1996年6月為一間會計師事務所合夥人
（此會計師事務所乃現時羅兵咸永道會計師事務
所之前身）。委員會概無其他成員受聘於或以其
他方式與本公司之前任或現任外聘核數師有聯屬
關係。
審核委員會成員與本公司之高層管理人員、內部
審核主管及外聘核數師每年最少開會3次。2016
年內共開3次會議。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 47
BOARD COMMITTEE – AUDIT COMMITTEE (Continued)
The attendance record of individual directors at the AC meetings in
2016 is set out in the section on Attendance Records.
To enable Directors to be informed of the discussions and decisions of
the AC, members of the AC who also attend meetings of the Board will
advise on matters of significance relating to the financial statements
and the internal control system of the Group discussed in the AC. In
addition, a report highlighting the matters reviewed and dealt with by
the AC is submitted to the Board on a half-yearly basis.
The following is a summary of the work of the AC during 2016 in
discharging its responsibilities:
a. Review of, and providing advice and recommendations to the
Board for the approval of the 2015 results announcements and
audited financial statements of the Group, and the 2016 interim
results and interim report;
b. Review of external auditors’ findings and comments, and
management’s reports on major accounting and financial
disclosure matters in respect of 2015 audit and financial
statements;
c. Review of the Corporate Governance Report of 2015 for
inclusion in the Company’s 2015 annual report and the key
changes to the Corporate Governance Code of the Listing
Rules;
d. Approval of the reports to the Board providing a summary of the
issues, focuses and discussion reviewed and dealt with by the
AC in the second half of 2015 and the first half of 2016;
e. Review of connected party transactions and disclosure;
f. Review and approval of the appointment and remuneration of
external auditors;
g. Review and approval of the external auditors’ audit plan;
h. Review and approval of internal audit plan;
i. R e v i e w o f t h e i n t e r n a l a u d i t ’ s w o r k , f i n d i n g s a n d
recommendations;
董事委員會－審核委員會（續）
個別董事出席2016年審核委員會會議之出席記錄
詳情載於會議出席紀錄一節。
為使董事知悉審核委員會之討論及決定，審核委
員會成員出席董事會會議時亦會匯報經審核委員
會會議討論與集團財務報表及內部監控系統相關
之重大事項。此外，審核委員會就其已審閱及討
論事項每半年向董事會呈交重點報告。
以下為審核委員會於2016年履行職責之概要：
a. 審閱並就本集團2015年年度之業績公佈及
經審核財務報表，以及2016年中期業績及
中期報告，向董事會提供意見及建議；
b. 審閱外聘核數師之審核結果及意見，及有
關2015年年度審核與財務報表主要會計及
財務披露事宜之管理層報告；
c. 審閱2015年之企業管治報告，以納入本公
司2015年度年報以及審閱就《上市規則》企
業管治守則作出之關鍵變動；
d. 批准於2015年下半年度及2016年上半年度
經審核委員會審閱及接納呈交董事會期內
委員會關注事項、重點及討論概要報告；
e. 審閱關連人士之交易及披露；
f. 審議並批准外聘核數師之委任及其酬金；
g. 審閱及批准外聘核數師之審核計劃；
h. 審閱及批准內部審核計劃；
i. 檢討內部審核工作、結果及建議；
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報48
BOARD COMMITTEE – AUDIT COMMITTEE (Continued)
j. Review of updates from the Legal and Compliance Division
of the Group on the Hong Kong Monetary Authority (“HKMA”)
examinations and regulatory concerns, management’s actions
in implementing the HKMA’s recommendations;
k. Review of the highlights of major new accounting and financial
reporting standards and guidance issued by the Hong Kong
Institute of Certified Public Accountants, and impact to the
Group on their adoption; and
l. Review of significant accounting treatments for the preparation
of 2016 financial statements.
ATTENDANCE RECORD
The attendance of individual Directors at the Board meetings,
Independent Board Committee meeting, Audit Committee meetings,
Nomination and Remuneration Committee meetings, the 2016 Annual
General Meeting and the Extraordinary General Meeting held in 2016
are as follows:–
於2016年會議出席次數╱舉行次數
No. of meetings attended/meetings held in 2016
獨立董事 提名及薪酬 股東特別
董事會 委員會 審核委員會 委員會 股東週年大會 大會
Independent Nomination and Annual Extraordinary
Board Audit Remuneration General General
董事 Directors Board Committee Committee Committee Meeting Meeting
獨立非執行董事 INEDs
史習陶 Robert Tsai-To Sze 4/4 1/1 3/3 3/3 1/1 1/1
梁君彥 Andrew Kwan-Yuen Leung 4/4 1/1 N/A 3/3 1/1 1/1
陳勝利 Seng-Lee Chan 4/4 1/1 3/3 3/3 1/1 1/1
吳源田 Yuen-Tin Ng 4/4 1/1 3/3 N/A 1/1 1/1
非執行董事 NED
平井章治 Shoji Hirai 1/2 N/A N/A N/A 0/1 0/1
（於 2016年 8月12日辭任） (resigned on 12 August 2016)
大和健一 Kenichi Yamato 2/2 N/A N/A N/A N/A N/A
（於 2016年 8月12日獲委任） (appointed on 12 August 2016)
執行董事 EDs
王守業 David Shou-Yeh Wong 4/4 N/A N/A 2/3 1/1 0/1
黃漢興 Hon-Hing Wong (Derek Wong) 4/4 N/A N/A N/A 1/1 1/1
王祖興 Harold Tsu-Hing Wong 4/4 N/A N/A N/A 1/1 1/1
王伯凌 Gary Pak-Ling Wang 4/4 N/A N/A N/A 1/1 1/1
董事委員會－審核委員會（續）
j. 審閱由本集團之法律及合規處提供就有關
香港金融管理局（「香港金管局」）之最新考
核及監管關注事項，管理層履行香港金管
局建議之事宜；
k. 審閱香港會計師公會頒佈之主要新會計及
財務報告準則及指引之要點，以及採納該
等準則及指引對本集團之影響；及
l. 審閱編製2016年度財務報表時之主要會計
處理方式。
會議出席紀錄
個別董事出席2016年董事會會議、獨立董事委員
會會議、審核委員會會議、提名及薪酬委員會會
議、2016年股東週年大會及股東特別大會會議之
出席記錄呈列如下：
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 49
ACCOUNTABILITY AND AUDIT
Financial Reporting
It is the responsibility of the Board to present a balanced, clear and
comprehensible assessment of the Company’s performance, position
and prospects.
Management is responsible for providing sufficient explanation and
information to the Board to enable the Board to make an informed
assessment of the financial and other information put before the
Board for approval.
The Directors acknowledge their responsibility for preparing the
financial statements of the Group. As at 31 December 2016, the
Directors are not aware of any material uncertainties relating to events
or conditions which may cast significant doubt upon the Group’s
ability to continue as a going concern. The Directors have prepared
the financial statements of the Group on a going-concern basis.
The responsibility of the Group’s external auditor on the financial
statements is set out in the Independent Auditor’s Report attached to
the Group’s financial statements.
The Board is also responsible for providing a balanced, clear and
understandable assessment to annual and interim reports, other
price-sensitive announcements and other financial disclosures
required under the Listing Rules, as well as to information required to
be disclosed pursuant to statutory or regulatory requirements.
Internal Controls
The Board has delegated to management the responsibility to
develop and maintain a sound internal control system. The internal
control system, operating through a framework of management and
operational controls, and risk management systems, is intended to
allow the Board to monitor the Group’s business performance and
financial positions, to control and adjust risk exposures, to adopt
sound business practices, to obtain reasonable assurance on controls
against fraud and errors, to ensure compliance with applicable laws
and regulations, and to exercise oversight on and provide guidance
to management in achieving the Company’s objectives. However, it
should be recognized that the Group’s internal control procedures
can only provide reasonable, not absolute, assurance against material
errors, losses or fraud.
問責及審核
財務報告
董事會有責任以平衡、清晰及易於理解方式評核
及匯報本公司之表現、狀況及前景。
管理層負責向董事會提供充分解釋及足夠資料，
讓董事會可就財務狀況及其他資訊作充分審閱以
作判斷。
董事會知悉其為本集團擬備財務報表之責任。於
2016年12月31日，董事會並不知悉有任何重大
不明朗相關事件或情況會導致本集團可持續經營
之能力受到質疑。董事會已按持續經營為基礎編
制本集團財務報表。本集團外聘核數師對財務報
表的責任乃載於本集團財務報表內之獨立核數師
報告中。
董事會亦負責以平衡、清晰及明瞭方式評審呈報
年度報告及中期報告、其他涉及股價敏感資料通
告、其他根據《上市規則》須予披露之財務資料，
以及根據法規或監管規定要求須予披露之資料。
內部監控
董事會授權管理層負責制訂及維持健全之內部監
控制度。內部監控制度擬通過管理及營運監控、
風險管理制度架構之運作，使董事會可監察本集
團之業務表現及財務狀況、監控及調節風險、採
納健全之業務守則、合理確證對欺詐及誤差之監
控、確保遵守適用法例及規則，以及對管理人員
作出監察及提供指引，以達成本公司之目標。然
而，本集團之內部監控程序僅可對重大誤差、損
失或欺詐提供合理而非絕對之保證。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報50
ACCOUNTABILITY AND AUDIT (Continued)
Internal Controls (Continued)
The key procedures that the Group has established to maintain an
effective internal control system are as follows:
– A clear management organizational structure is set up with well-
defined lines of authority, accountability and responsibilities.
– Specialized committees are formed to oversee and control
significant risk factors, such as credit risk, liquidity and interest
rate risks, operational risk and compliance risk.
– Regular reporting of the performance of the Company’s
bus inesses to sen io r management and management
committees. Actual performance results against budgets are
closely monitored. The Board reviews the Group’s business and
financial performance on a quarterly basis.
– Written policies and procedures are established to facilitate
proper assessment of customers, services to customers,
segregat ion of dut ies, accuracy and completeness of
transaction processing, safeguarding of assets, credit control
and risk monitoring, control of business exposures, compliance
control and monitoring (including anti-money laundering
(“AML”)), staff training, IT development, IT governance and
information security, business continuity planning, financial
control (including accounting, regulatory reporting, financial
reporting to comply with regulatory and financial reporting
standards, management accounting and budget control,
reconcil iation of accounts), and system of management
oversight including the operations of various functional
committees.
– The independent internal audit function monitors compliance
with management policies and procedures, and regulatory
requirements; and will conduct a wide variety of internal
control reviews and audit activities such as compliance audits
and operations and systems reviews to ensure the integrity,
efficiency and effectiveness of the systems of control. The Head
of Internal Audit reports functionally to the Audit Committee and
administratively to the Chief Executive with direct access to the
Executive Committee.
問責及審核（續）
內部監控（續）
本集團已設立制度以維持有效內部監控，其主要
程序如下：
– 設立清晰之管理組織架構，具有清楚界定
之權限、問責性及職責。
– 成立特設委員會，以監察及控制重大風險
因 素， 如 信 貸 風 險、 流 動 資 產 及 利 率 風
險、操作風險及合規風險。
– 定期向高層管理人員及管理委員會報告本
公司之業務表現。密切留意實際表現結果
與預算之比對。董事會每季審閱本集團之
業務及財務表現。
– 制訂書面政策及程序，以促進對客戶、客
戶服務、職責區分、交易之準確性及完整
性、資產之保護、信貸管理及風險監控、
業務風險之控制、合規監控（包括反清洗黑
錢（「反洗錢」））、員工培訓、資訊科技發
展、資訊管治及資訊保安、持續業務運作
規劃、財務管理（包括會計、監管報告、合
乎監管及財務報告準則之財務報告、管理
會計及預算控制、賬目對賬），以及管理監
督制度（包括各功能委員會之運作）等各方
面之恰當評估。
– 獨立內部審核職能監察對管理政策及程序
以及監管規定之遵行；並進行多類別之內
部監控檢討及審核活動，如合規審核、營
運及系統檢討，以確保監控制度之完整、
效率及效能。內部審核部主管職能上向審
核委員會交代，管理運作上隸屬行政總裁
並可直接向執行委員會稟報。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 51
ACCOUNTABILITY AND AUDIT (Continued)
Internal Controls (Continued)
– The independent group risk function monitors and reports the
Group’s risk positions and analysis to senior management, Risk
Management and Compliance Committee and the Board, and
operates to sustain a sound asset quality and risk control in the
portfolio of the Group’s businesses with due consideration of a
proper risk and return balance.
– The Group’s business continues its ongoing upgrade of risk
management framework and capabilities to strengthen its risk
control and effectiveness, which are key to the maintenance of
sound internal control process of the Group.
– The Group Compliance Committee at the management level
serves to uphold a high level of awareness and accountability
of compliance requirements and is responsible for overseeing
and guiding the development, maintenance and enhancement
of compliance system, policies and practices to ensure
compliance with all statutory requirements and regulatory
guidelines. The Legal and Compliance Division of the Group
performs an independent on-going monitoring and advisory role
on the Group’s compliance with relevant rules and regulations,
while the AML and Financial Crime Risk Department manages
and oversees AML and financial crime risk of the Group.
Assessment of Internal Control System
In assessing the effectiveness of the internal control system, the
Board has considered reviews performed by the Audit Committee and
executive management, and the findings of both internal and external
auditors.
Under the direction of the Audit Committee, the Group’s Internal Audit
conducted an assessment covering all material controls, including
financial, operational and compliance controls and risk management
practices. The 2016 reviews included an annual assessment of
internal control system with reference to the comments made by both
internal and external auditors, policies and procedures of the Group,
regulatory guidelines and the CG Code regarding internal controls.
The Group will continue to work to enhance its internal control system
and processes.
問責及審核（續）
內部監控（續）
– 獨立的集團風險部職能負責監察，並向高
層管理人員、風險管理及合規委員會及董
事會匯報集團風險狀況及相關分析，以維
持本集團業務組合中資產質素之穩健及風
險控制，亦充分考慮風險與回報兩者間之
恰當平衡。
– 本集團業務繼續提升其風險管理機制與能
力，以加強風險控制及成效，對鞏固本集
團內部監控程序之穩健猶為重要。
– 屬管理層之集團合規委員會面對法規之遵
守致力維持高度警惕及問責性，並負責監
督及領導制訂、維持及加強合規制度、政
策及慣例之建立，以確保遵守所有法律規
定及監管指引。本集團之法律及合規處在
本集團對相關法則及規例之遵行上，肩負
起獨立與持續之監察及諮詢職能，而反洗
錢及金融犯罪風險部則管理和監督本集團
之反洗錢及金融犯罪風險。
內部監控制度之評估
董事會已考慮審核委員會與執行管理層所作出之
審核，以及內部及外聘核數師作出之審核報告，
從而評估內部監控制度之有效性。
本集團內部審核部已依據審核委員會之指示就所
有主要監控重點包括財務、營運及合規監控與風
險管理實務各方面進行評估。2016年度之審閱已
包括參照內部審核部及外聘核數師之意見、本集
團的政策和程序、內部監控的監管指引及企業管
治守則對內部監控系統進行之年度評估。本集團
將繼續努力提升內部監控系統及程序。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報52
RISK MANAGEMENT AND INTERNAL CONTROL
It is the responsibility of the Board to evaluate and determine the
nature and extent of the risks it is willing to take in achieving the
Group’s strategic objectives, and ensuring that the Group establishes
and maintains appropriate and effective risk management and
internal control systems. The Board is also responsible for overseeing
Management in the design, implementation and monitoring of the
risk management and internal control systems. Management has to
provide a confirmation to the Board on the effectiveness of these
systems.
The Group’s risk management and internal control systems are
designed to manage rather than eliminate the risk of failure to
achieve business objectives, and can only provide reasonable and
not absolute assurance against material misstatement or loss. Such
systems comprise a well-established organisational structure and
comprehensive policies and standards. Areas of responsibilities
for each business and functional unit are clearly defined to ensure
effective checks and balances.
Procedures have been designed for safeguarding assets against
unauthorised use or disposition; for maintaining proper accounting
records; and for ensuring the reliability of financial information used
within the business or for publication. The procedures provide
reasonable but not absolute assurance against material errors, losses
or fraud. Procedures have also been designed to ensure compliance
with applicable laws, rules and regulations.
Systems and procedures are in place in the Group to identify,
control and report on the major types of risks the Group encounters.
Business and functional units are responsible for the assessment of
individual types of risk arising under their areas of responsibilities,
the management of the risks in accordance with risk management
procedures and the reporting on risk management. The Group
maintains an effective risk management framework through the
setting up of specialised management committees for the oversight
and monitoring of major risk areas and the establishment of risk
management departments for relevant functions of the Group. Risk
management reports are submitted to the relevant committees and
ultimately to the Board or its delegated Board committee for oversight
and monitoring of various types of risk associated with the Group’s
businesses and operations. The Group’s risk management policies
and major control limits are approved by the Board or its delegated
Board committee. Operating and risk performance are monitored and
reviewed against relevant risk limits regularly according to established
policies and procedures.
風險管理及內部監控
董事會負責評估及釐定本集團達成策略目標時所
願意接納的風險性質及程度，並確保本集團設立
及維持合適及有效的風險管理及內部監控系統。
董事會並負責監督管理層對風險管理及內部監控
系統的設計、實施及監察。管理層須就該等系統
之有效性向董事會提交確認。
集團之風險管理及內部監控系統旨在管理而非消
除未能達成業務目標的風險，而且只能就不會有
重大的失實陳述或損失作出合理而非絕對的保
證。該等系統包含一個完善的公司架構以及全面
的政策及標準。各業務及營運單位的職責範圍清
晰劃分，以確保有效監察和制衡。
設定的程序旨在保障資產不致被非授權挪用或處
置；保存恰當的會計記錄；以及確保用作業務及
公告上的財務資料的可靠性。有關程序提供合理
（而非絕對）的保證，以防出現嚴重的錯誤、損
失或舞弊。亦有設定之程序以確保遵從適用之法
律、規則及規例。
本集團亦透過現行之多項系統及程序，以識別、
監控及匯報本集團面對之主要風險。各業務及職
能部門負責評估其職責範圍內之風險，並根據風
險管理程序管理相關風險及就風險管理提出報
告。本集團透過設立專責管理委員會監督並監察
主要風險範疇，以及就本集團有關職能成立風險
管理部門，維持有效之風險管理框架。風險管理
之報告會呈交予相關委員會，最後提呈董事會或
其授權之董事委員會以監督並監察與本集團業務
及運作相關之各種類風險。本集團之風險管理政
策及主要監控權限，乃由董事會或其授權之董事
委員會審批。運作及風險表現乃根據既定政策及
程序，按相關風險限度定期進行監察及檢討。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 53
RISK MANAGEMENT AND INTERNAL CONTROL (Continued)
Annual Assessment
The Group has implemented control self-assessment process on
risk management and internal control systems with reference to the
requirements of the CG Code of the Listing Rules covering all material
controls, including financial, operational and compliance controls
as well as risk management functions. The self-assessments on the
setup and effectiveness of risk management and internal control
systems included assessment conducted by management and risk
control departments, review and endorsement performed by Internal
Audit function, and review and confirmation by senior management of
the Group.
The results of the 2016 review, which have been reported to the
AC and the Board, revealed that the Group’s risk management and
internal control systems were effective and appropriate.
INTERNAL AUDIT
The Group has established an Internal Audit function. The primary role
of the Internal Audit function is to help the Board and Management
to protect the assets, reputation and sustainability of the Group. The
Internal Audit function provides independent and objective assurance
as to whether the design and operational effectiveness of the Group’s
framework of risk management, control and governance processes,
as designed and represented by the Management, is adequate.
Results of audit work together with an assessment of the overall risk
management and control framework are reported to the AC or the
Board as appropriate and at least annually. The Internal Audit function
also reviews the Management’s action plans in relation to audit
findings and verifies the adequacy and effectiveness of the mitigating
controls before formally closing the issue.
E X T E R N A L A U D I T O R S ’ I N D E P E N D E N C E A N D
REMUNERATION
The Company has reviewed and is satisfied with the independence of
the Company’s external auditors, PricewaterhouseCoopers (“PwC”),
for performing the audit of the Group’s financial statements.
The Company will use the non-audit services of PwC only when
the Company can benefit in a cost-effective manner and the
independence and objectivity of PwC as the Company’s external
auditors can be maintained. Otherwise, professional services from
other firms are used.
風險管理及內部監控（續）
年度評估
本集團參考《上市規則》企業管治守則之規定已實
行了對所有重大監控(包括了財務、運作及合規監
控以及風險管理職能)之風險管理及內部監控制度
之自我評估監控程序。對風險管理及內部監控制
度之設立及其有效性之自我評估監控包括管理層
及風險控制部門進行之評估、內部審核部之審閱
及贊同、以及集團高級管理層之審閱及確認。
已呈交審核委員會及董事會之2016年審閱結果顯
示本集團之風險管理及內部監控制度為有效及合
適。
內部審核
本集團設立內部審核功能。內部審核部的主要角
色是協助董事會及高層管理人員保護本集團資
產、聲譽及可持續發展。內部審核部對本集團管
理層所制訂及陳述的本集團風險管理框架、控制
及管治程序在設計及運行是否充分和有效提供獨
立及客觀的確認。
內部審核部每年最少一次須將審核工作結果及對
整體風險管理和控制框架的評估情況向審核委員
會或 (如適合 )董事會匯報。在正式確認審核結果
整改完畢之前，內部審核部亦須審閱管理層就審
核結果提出的整改計劃並核實相關整改措施的充
分性和有效性。
外聘核數師之獨立性及酬金
本公司已檢討並滿意本公司外聘核數師羅兵咸永
道會計師事務所（「羅兵咸永道」）就對本集團財務
報表進行審核之獨立性。
本公司僅在既具成本效益，又能維持羅兵咸永道
作為本公司之外聘核數師之獨立及客觀性情況
下，始委聘羅兵咸永道提供審核以外之服務。否
則，將另覓其他顧問公司提供專業服務。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報54
E X T E R N A L A U D I T O R S ’ I N D E P E N D E N C E A N D
REMUNERATION (Continued)
In addition to audit related services, PwC, based on agreed-upon
procedures, provided the Group non-audit services during 2016
including review of tax returns and computation, tax advisory
services, review of the Group’s interim financial disclosure, and review
of the update on the offering circular of Dah Sing Bank, Limited’s
US$2 Billion Euro Medium Term Note Programme, and independent
assessments of certain operational processes, risk management and
internal control of the Group.
The remuneration paid/payable to PwC in respect of audit services
and non-audit services for the year ended 31 December 2016 is set
out as follows:
已支付╱須支付之費用
為本公司提供的服務 Services rendered for the Company Fee paid/payable
（千港元）
(HK$’000)
審核服務 Audit services 7,893
審核以外服務： Non-audit services:
• 審閱經更新的歐洲市場中期 • Review of the updated Euro Medium Term
票據計劃（「計劃」）及 Note Programme (the “Programme”) and
大新銀行在計劃下發行 professional work on new subordinated note issue
新後償債務的專業工作 of Dah Sing Bank under the Programme 770
• 對營運風險管理、科技風險 • Compliance reviews and independent assessments
管理、新資訊系統項目等提供 on operational risk management, technology risk
合規審閱及獨立評核 management, new IT system projects etc. 3,977
• 與本集團相關之新稅務 • Tax compliance review on taxation computation
規則的稅項計算和諮詢服務 and advisory service on compliance with new
之稅務合規審查 tax regulations relevant to the Group 1,991
• 其他 • Others 1,486
合共 Total 16,117
外聘核數師之獨立性及酬金（續）
除有關審核服務外，羅兵咸永道以協訂程序於
2016年年內為本集團提供審核以外服務，包括審
閱報稅表與計算結果、提供稅務顧問服務、審閱
本集團中期業績公佈事宜、審閱於年內大新銀行
有限公司20億美元歐洲市場中期票據計劃發售通
函之更新及本集團若干操作規程、風險管理和內
部監控之獨立評估。
截至2016年12月31日止年度，已支付或須支付
予羅兵咸永道有關審核服務及審核以外服務之酬
金如下：
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 55
COMMUNICATION WITH SHAREHOLDERS
Effective Communication
The Board attaches great importance to communication with
shareholders. The Annual General Meeting provides a useful forum for
shareholders to exchange views with the Board. The Chairman of the
Board and all Directors make a strong effort to attend. The Chairmen
of the Board Committees and a representative of the external auditors
also attend the AGM to take shareholders’ questions.
The Management holds group meetings with analysts in connection
with the Company’s annual and interim results. Apart from the
above, designated senior executives maintain regular dialogue with
institutional investors and analysts to keep them abreast of the
Company’s development, subject to compliance with the applicable
laws and regulations.
Moreover, the website of Dah Sing Bank ()
offers shareholders convenient access to the Company’s financial
information, announcements/circulars and information on the
Company’s corporate governance structure and practices, in addition
to business and corporate social responsibility activities of the Group.
Convening an Extraordinary General Meeting
Shareholder(s) holding not less than 5 percent of the total voting rights
of the Company may put forth requisition to convene an Extraordinary
General Meeting of the Company.
The requisition must (i) state the objectives of the meeting, (ii) be
signed by the requisitionist(s) and (iii) be deposited at the Company’s
registered office at 36th Floor, Dah Sing Financial Centre, 108
Gloucester Road, Hong Kong or in electronic form. It may also consist
of several documents in like form, each signed by one or more
requisitionist(s).
The requisition must also state (i) the name(s) of the requisitionist(s),
(ii) the contact details of the requisitionists(s) and (iii) the number of
ordinary shares of the Company held by the requisitionist(s).
The Directors must proceed to convene an Extraordinary General
Meeting within 21 days from the date of the deposit of the requisition.
Such meeting should be held on a date not more than 28 days after
the date on which the notice convening the meeting is given.
與股東之溝通
有效溝通
董事會極重視與股東之溝通，股東週年大會為股
東提供一個與董事會交流意見之場合。董事會主
席及所有董事均盡力參加。董事委員會主席及外
聘核數師代表亦會出席股東週年大會以回應股東
之提問。
管理層就本公司年度及中期業績與分析員舉行簡
報會議。此外，本公司之指定高級行政人員亦會
定期與機構投資者及分析員會面，在遵循適用法
律及法規的情況下，向彼等提供與本公司發展有
關之訊息。
此外，大新銀行網站 ()為股
東提供方便之渠道獲得本公司之財務資訊、公
佈╱通函，以及本公司企業管治架構及實務資
訊，並載有本集團之業務及企業社會責任活動。
召開股東特別大會
股東持有本公司總表決權不少於5%者，可呈請
召開本公司之股東特別大會。
有關呈請書須 (i)列明會議目的，(ii)由各呈請人簽
署，及 (ii i)遞交本公司位於香港告士打道108號
大新金融中心36樓之註冊辦事處或以電子形式遞
交。該呈請書亦可包括多份相同形式之文件，每
份由一位或多位呈請人簽署。
該呈請書亦須列明 (i)各呈請人之姓名，(ii)各呈請
人之聯絡資料，及 (iii)各呈請人持有本公司普通股
之股數。
董事會須於呈請書遞交日期起計21天內安排召開
股東特別大會。該會議須於會議通知書發出日期
後28天內召開。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報56
COMMUNICATION WITH SHAREHOLDERS (Continued)
Convening an Extraordinary General Meeting (Continued)
If the Directors fail to convene the Extraordinary General Meeting
as aforesaid, the requisitionist(s), or any of them representing more
than one-half of the total voting rights of all of them, may themselves
convene the meeting. Any meeting so convened shall not be held
after the expiration of three months from the date of the deposit of the
requisition.
A meeting so convened by the requisitionist(s) shall be convened in
the same manner, as nearly as possible, as that in which meetings are
to be convened by the Directors.
Any reasonable expenses incurred by the requisitionist(s) by reason of
the failure of the Directors to duly convene a meeting shall be repaid
to the requisitionist(s) by the Company.
Putting forward proposals at general meetings
Shareholders representing not less than % of the total voting rights
of all shareholders, or not less than 50 shareholders, who are entitled
to vote on a resolution at a general meeting, may:
– put forward a proposal at a general meeting
– circulate to other shareholders a written statement with respect
to matters to be dealt with at a general meeting
Shareholders may refer to section 580 of the Companies Ordinance
(Chapter 622 of the Laws of Hong Kong) for further details on
the shareholder qualifications and the procedures and timeline in
connection with the above.
Submission of enquiries to the Board
Shareholders may send their enquiries requiring the Board’s attention
to the Company Secretary at the Company’s registered office at 36th
Floor, Dah Sing Financial Centre, 108 Gloucester Road, Hong Kong.
Questions about the procedures for convening or putting forward
proposals at an Annual General Meeting or Extraordinary General
Meeting may also be put to the Company Secretary.
與股東之溝通（續）
召開股東特別大會（續）
如董事會未有召開前述股東特別大會，呈請人或
佔全體呈請人所持總表決權一半以上之呈請人，
可自行召開會議，但任何據此召開之會議，須於
呈請書遞交日期起計3個月內舉行。
由呈請人按上述方式召開之會議，須盡量依照如
同由董事會召開股東會議之方式召開。
各呈請人如因董事會未有妥為召開會議而產生之
任何相關合理費用，須由本公司償付予各有關呈
請人。
於股東大會提出動議
持有本公司總表決權不少於%之股東，或不
少於50位於股東大會有表決權利之股東，可：
－ 於股東大會上提出動議
－ 提供其他股東以傳閱有關於股東大會上動
議之陳述書
有關於股東大會提出動議之股東資格，程序及時
限之進一步詳細資料，各股東可參考《公司條例》
（香港法例第622章）第580條。
向董事會提出查詢
股東可將彼等提請董事會關注之事宜，送交本公
司之註冊辦事處（香港告士打道108號大新金融中
心36樓），並註明公司秘書收。查詢有關於召開
股東週年大會或股東特別大會，或於該等大會上
提出動議之程序，亦可向公司秘書提出。
企業管治報告
CORPORATE GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 57
COMMUNICATION WITH SHAREHOLDERS (Continued)
Shareholders Communication Policy
The Company has in place a Shareholders Communication Policy
which sets out the Company’s practices in relation to communication
with shareholders and the investment community. The Policy is
available on the website of Dah Sing Bank ().
H A N D L I N G A N D D I S S E M I N A T I O N O F I N S I D E
INFORMATION
A Guideline on the Control and Disclosure of Inside Information is in
place, which sets out the guiding principles, procedures and internal
controls for the handling of confidential inside information, and
dissemination of inside information in a timely manner so as to allow
all stakeholders to be aware of the latest positions or price sensitive
information of the Group and its subsidiaries.
CONSTITUTIONAL DOCUMENTS
The Company has not changed its constitutional documents in 2016.
COMPANY SECRETARY
All Directors have access to the advice and services of the Company
Secretary who possesses the relevant qualifications and experience
pursuant to the requirements of Rule of the Listing Rules. She has
taken more than 15 hours of relevant professional training to update
her skills and knowledge during the financial year ended 31 December
2016.
CONTINUING CONNECTED TRANSACTIONS
In respect of the continuing connected transactions as set out in
Note 42 to the financial statements, all the INEDs of the Company
have reviewed the said transactions and confirmed that the said
transactions have been entered into:
(1) in the ordinary and usual course of business of the Company;
(2) on normal commercial terms; and
(3) in accordance with the relevant agreements governing them
on terms that are fair and reasonable and in the interests of the
Company.
與股東之溝通（續）
股東通訊政策
本公司已有一套股東通訊政策，列明本公司與股
東及投資人士溝通之守則。該政策可於大新銀行
網頁上 ()查閱。
處理及發佈內幕資料
既定之監控及披露內幕消息指引列出指導性原
則、程序及內部監控，使內幕消息得以適時處理
及發佈，以便所有持份者及時知悉本集團及其附
屬公司之最新狀況或股價敏感資料。
組織章程文件
於2016年，本公司並無變更其組織章程文件。
公司秘書
本公司之公司秘書具備《上市規則》第條項下
規定之相關資格及經驗。截至2016年12月31日
止財政年度，彼已接受不少於15個小時之相關專
業培訓，以更新其技能及知識。所有董事均可向
公司秘書提出諮詢和獲取服務。
持續關連交易
就財務報表附註42載列之持續關連交易而言，本
公司之全體獨立非執行董事已審閱上述交易並確
認上述交易乃於下述情況進行：
(1) 依本公司之日常及慣常業務運作；
(2) 按正常商業條款；及
(3) 根據有關交易的協議條款，而有關條款屬
公平合理，並且符合本公司之利益。
企業管治報告
CORPORATE GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報58
CONTINUING CONNECTED TRANSACTIONS (Continued)
Further, the Company has engaged its external auditors, PwC, to
report on the Company’s continuing connected transactions in
accordance with Hong Kong Standard on Assurance Engagements
3000 “Assurance Engagements Other Than Audits or Reviews of
Historical Financial Information” and with reference to Practice Note
740 “Auditor’s Letter on Continuing Connected Transactions under
the Hong Kong Listing Rules” issued by the Hong Kong Institute of
Certified Public Accountants. PwC has issued an unqualified letter
containing their findings and conclusions in respect of the continuing
connected transactions set out in Note 42 to the financial statements
in accordance with Listing Rule . A copy of the auditor’s letter
needs to be submitted by the Company to The Stock Exchange of
Hong Kong Limited.
持續關連交易（續）
此外，本公司已委任其外聘核數師羅兵咸永道按
照香港會計師公會頒佈之香港鑒證業務準則第
3000號「非審核或審閱過往財務資料之鑒證工作」
之規定，並參照實務說明第740號「關於香港上市
規則所述持續關連交易之核數師函件」，審查本
公司之持續關連交易並提交報告。根據《上市規
則》第條，羅兵咸永道已就財務報表附註
42所載之持續關連交易之審查結果及結論，發出
無保留意見之報告書。本公司需將核數師報告書
之副本提交予香港聯合交易所有限公司。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 59
ABOUT THIS REPORT
As a renowned financial services group with a history deeply rooted
in Hong Kong for 70 years, Dah Sing Banking Group Limited (the
“Company” or the “Group” or “Dah Sing Group”) embraces our
responsibilities and desire to be a good corporate citizen who
contributes to the creation of shared social values.
We are committed to providing visibility on our performance in
sustainable development to our stakeholders. This Environmental,
Social and Governance (“ESG”) Report provides an update on our key
achievements concerning material ESG aspects during the financial
year ended 31 December 2016.
The scope of this report encompasses the Group’s core operations in
banking. In addition to our business operations located in Hong Kong,
this year we have extended the reporting scope to cover the Group’s
major operations in Macau and Mainland China.
This report is compiled in accordance with the ESG Reporting Guide
under Appendix 27 of the Main Board Listing Rules published by the
Stock Exchange of Hong Kong Limited.
This report supplements the Corporate Governance Report and is
included as part of the Group’s 2016 Annual Report. This report is also
accessible via the website of Dah Sing Bank at .
Our Philosophy in ESG
We believe that as a growing and responsible financial services group
in Hong Kong, we are accountable to fulfil not only our economic
responsibilities, but also our social and environmental obligations.
The Group’s Corporate Social Responsibility Policy reaffirms our
principles in ESG, and our ESG activities are organised to create long-
term value for our stakeholders.
We leverage various resources to address challenges and tap
into opportunities associated with ESG through our roles and
responsibilities at the workplace and marketplace, in the community
and the environment as a whole. At the Group level, we have
established a dedicated Corporate Social Responsibility (“CSR”)
Committee, comprising members of Management, to oversee the
direction of sustainable development. The CSR Committee also
reviews, approves, supervises and monitors the implementation
of our ESG initiatives. At the local level, our business units tailor
these initiatives in alignment with their nature of business and
community engagement. To facilitate continuous improvement, our
ESG performance is monitored, measured, reviewed and reported to
Management on a regular basis.
關於本報告
作為一家紮根於香港70年的著名金融服務集團，
大新銀行集團有限公司（「本公司」或「本集團」或
「大新集團」）肩負社會責任及致力成為良好的企
業公民，為社會的共同價值基礎作出貢獻。
我們承諾為本集團各持份者提供本集團在可持續
發展方面的表現。本環境、社會及管治報告概述
本集團截至2016年12月31日止財政年度於環
境、社會及管治各主要範疇之進展的最新情況。
本報告的範圍涵蓋本集團的核心銀行業務。除我
們位於香港的業務外，本年度之報告範圍已擴大
並包括本集團在澳門及中國內地的主要業務。
本報告乃根據香港聯合交易所有限公司頒佈的主
板上市規則附錄27之《環境、社會及管治報告指
引》編製。
本報告對企業管治報告作出補充，並作為本集團
2016年年報之一部份。本報告亦可在大新銀行網
站閱覽。
環境、社會及管治的理念
作為一個發展中及負責任的香港金融服務集團，
我們不僅應履行我們的經濟責任，亦須承擔對社
會及環境的責任。本集團的企業社會責任政策重
申我們的環境、社會及管治原則，而我們舉辦的
環境、社會及管治活動乃為各持份者創造長期價
值。
我們利用各種資源，通過在工作環境及市場及於
整個社區及環境的角色及責任，處理與環境、社
會及管治有關的挑戰及從中發掘機會。在集團層
面，我們成立了由管理層成員組成的專責企業社
會責任委員會，監督可持續發展的方向。企業社
會責任委員會亦審閱、批核、督導及監察環境、
社會及管治工作的執行情況。在本地層面，我們
的業務部門按其業務性質及社區參與舉辦活動。
為促進持續提升環境、社會及管治表現，我們定
期進行監察、衡量、檢討並向管理層匯報。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報60
ABOUT THIS REPORT (Continued)
Stakeholder Engagement and Materiality Assessment
Addressing our ESG priorities requires working closely with our
stakeholders who share our values and vision, receive services from
the Group, or engage with the Group via different relationships;
these include our employees, customers, shareholders, suppliers,
regulators and the wider community. We engage our stakeholders on
a regular basis and maintain open and transparent dialogue with them
to collect and act on their feedback.
The table below outl ines our engagement with different key
stakeholders:
Key Stakeholders Type of Engagement
Employees • Annual performance management
• Training, seminars and briefing sessions
• Dah Sing Staff Club
• Employee Assistance Program
• Staff communication
• People portal/intranet
• Recreational and volunteer activities
Customers • Relationship manager visits
• Corporate website
• Customer service hotline
• Quality Assurance unit to respond to customers’
opinions
• Customer talks and seminars
Shareholders • Annual General Meeting and other general meetings
• Investor and press conferences and briefings
• Corporate website
• Corporate communications including announcements,
circulars, interim and annual reports
Suppliers • Meetings and communications
• Regular supplier reviews
• Supplier management
Regulators • Regular meetings and communications
• On-site review
• Compliance reports
Community • Volunteer activities
• Sponsorship and donations
• Community outreach
關於本報告（續）
持份者參與及重要性評估
決定環境、社會及管治工作的優先次序，需要與
各持有共同信念及願景，接受本集團的服務，或
透過不同的關係與本集團一起參與的持份者密切
合作；該等持份者包括員工、客戶、股東、供應
商、監管機構及社會大眾。我們定期促使持份者
參與，及與彼等維持公開及透明的對話以收集其
意見及作出回應。
下表概述各主要持份者的參與渠道：
主要持份者 參與渠道
員工 • 年度表現評核
• 培訓、講座及簡介會
• 大新繽FUN CLUB
• 僱員援助計劃
• 員工溝通
• 員工網站╱內聯網
• 康樂及義工活動
客戶 • 客戶關係經理拜訪
• 企業網站
• 客戶服務熱線
• 品質保證組回應客戶意見
• 為客戶舉辦講座及研討會
股東 • 股東週年大會及其他股東大會
• 投資者及新聞發佈會及簡介會
• 企業網站
• 企業通訊，包括公告、通函、
中期報告及年報
供應商 • 會議及溝通
• 對供應商進行定期檢討
• 管理供應商
監管機構 • 定期會議及溝通
• 實地審察
• 合規報告
社區 • 義工活動
• 贊助及捐贈
• 社區參與
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 61
ABOUT THIS REPORT (Continued)
Stakeholder Engagement and Materiality Assessment (Continued)
The material ESG aspects identified are in line with what is most
critical to our stakeholders and our business. We are pleased to
disclose more on how we leverage our resources and strengths to
create sustained values for our communities in which we are a part.
This ESG Report serves to address the key concerns, interests and
expectations of our stakeholders. It summarises our ESG initiatives
and performance in the order of our employment practices, operating
practices, environmental performance and community involvement.
EMPLOYMENT PRACTICES
With more than 2,700 employees serving our core markets in Hong
Kong, Macau and Mainland China, the Group values its people as
its greatest asset. We are dedicated to providing rewarding career
opportunities and an inclusive work environment to retain and engage
the best people to work for us.
Employment
The Group’s business achievements rely on the hard work and
dedication from our employees. We place great importance on talent
recruitment, development and retention through our employment
policies and practices, to ensure that we have the right talent required
to execute the Group’s strategic goals in the long run.
Our Graduate Trainee Programme has been running since 2004,
with more than 160 university graduates recruited. It manifests our
commitment to build our talent pipeline. We also offer fresh graduates
the opportunity to develop their career in the banking industry through
our Financial Services Trainee programme.
We have policies in place to
stipulate practices in relation
to recruitment and promotion,
compensation and dismissal,
working hours, resting periods,
equal opportunity, diversity,
anti-discrimination and other
benefits and welfare.
關於本報告（續）
持份者參與及重要性評估（續）
所識別的重大環境、社會及管治事宜符合各持份
者及我們的業務認同為最重要的部份。作為社區
一份子，我們欣然披露如何利用資源及優勢為社
區創造可持續價值。本環境、社會及管治報告用
以處理各持份者主要關注的事項、利益及期望。
本集團按僱傭常規、營運實踐、環境表現及社區
參與概述我們於環境、社會及管治之工作及表
現。
僱傭常規
本集團視員工為最大資產，服務於我們在香港、
澳門及中國內地的核心市場之員工超過2,700
名。我們致力提供富滿足感的工作機會及共融的
工作環境，以挽留及聘用最佳員工為我們工作。
僱傭
本集團的業務表現有賴員工的辛勤工作及敬業精
神。我們非常重視人才招聘、發展及挽留，並就
此制訂僱傭政策及常規，確保我們擁有所需的合
適人才以執行本集團長遠策略目標。
我們的大學畢業生實習生計劃自2004年起推行至
今已招募超過160名大學畢業生。此反映我們對
建立人才庫的承諾。我們亦透過金融服務實習生
計劃，為有志於銀行業發展彼事業之新畢業生提
供機會。
我們制定政策以訂明有關招
聘與晉升、補償及解僱、工
作時間、假期、平等機會、
多元化、反歧視及其他待遇
和福利的常規。
大學畢業生實習生師友計劃
Mentorship program for gradu
ate trainees
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報62
EMPLOYMENT PRACTICES (Continued)
Employment (Continued)
We reward our people with our “pay for performance” philosophy.
We offer competitive remuneration packages to our employees to
differentiate and reward performance. Eligible employees are entitled
to benefits that are competitive in the market, these benefits include
leave entitlements and retirement benefits which are above the
statutory requirements, medical and life insurance, staff housing loan
and staff deposit accounts with preferential rates, etc.
We are dedicated to creating a fair and inclusive work environment
for our employees. Our employment policies and practices set a
tone of zero tolerance for discrimination, harassment, victimisation
or vilification on any grounds including gender, marital status,
pregnancy, disability, family status or race.
The Group encourages and supports a balanced work-life by
providing industry-compatible leave entitlements including annual
leave, birthday leave and volunteer service leave. ‘Healthy Week’,
‘Work-Life Balance Week’ and wellness talks are organised to raise
awareness of healthy living and work-life balance. We also provide
channels to convert into part-time work for our full-time employees
who wish to fulfil their work, personal and family commitments. In
supporting employees who are working mothers, the Group joined
the “Say Yes to Breastfeeding” Community Support Campaign
2015/2016, organised by UNICEF Hong Kong in collaboration with
the Hong Kong SAR Government, and set up lactation facilities in the
office premises.
Employee well-being has always been our top priority. Since 2001,
the Group has been operating the Employee Assistance Program,
where employees are supported by professionals to prevent, identify
and address their personal, family or work-related concerns in a
confidential manner.
Health and Safety
Providing a safe and healthy workplace for all employees is ingrained
in the Group’s culture. Our employees have been informed of potential
health and safety hazards in the office and the corresponding
preventative measures through our “Guidelines on Occupational
Safety and Health”. In the event of a pandemic outbreak, our
“Contingency Plan for Outbreak of an Infectious Disease” sets out
procedures to help us cope with the situations and maintain business
continuity by taking appropriate and timely actions.
僱傭常規（續）
僱傭（續）
我們根據「按表現計酬」的理念為員工提供報酬。
我們為員工提供具競爭力的薪酬，並對表現出色
的員工加以獎賞。合資格員工有權享有於市場上
具競爭力的福利，包括高於法定要求的假期及退
休福利、醫療及人壽保險、員工房屋貸款及為員
工開立特惠利率存款賬戶等。
我們致力為員工營造公平及共融的工作環境。我
們的僱傭政策及常規設有原則，絕對不容許員工
因性別、婚姻狀況、懷孕、殘疾、家庭狀況或種
族等任何理由而受到歧視、騷擾、受害或誹謗。
本集團通過提供與業界看齊的假期（包括年假、
生日假及義工服務假），鼓勵及支持生活與工作
達致平衡。我們舉辦「健康週」、「工作與生活平
衡週」及健康講座以宣揚健康生活及生活與工作
平衡的信息。我們亦提供途徑為有意對其工作、
個人及家庭作承諾的全職員工轉為兼職員工。本
集團為支持身為在職媽媽的員工，參加了由聯合
國兒童基金香港委員會主辦，香港政府協辦的
2015/2016年度「母乳育嬰齊和應」運動，並在辦
公室設立授乳室。
我們非常重視員工的身心健康。本集團自2001年
起推出「僱員支援計劃」，由專業人員以保密的形
式協助員工預防、找出及解決他們的個人、家庭
或與工作相關的問題。
健康及安全
為全體員工提供安全及衛生的工作環境深植於本
集團文化中。透過本集團職業安全及衛生指引，
讓員工認識到辦公室內若干潛在
危害健康及安全的資料以及相
關預防措施。倘爆發疫情，本
集團的「傳染性疾病爆發應變
計劃」載有程序，通過採取適
當和及時的措施幫助我們應
對該等情況及維持業務持續
運作。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 63
EMPLOYMENT PRACTICES (Continued)
Training and Development
Our training programmes are designed to provide our employees with
a rewarding career and help our high-calibre talents actualise their
potential. The training programmes cover a diverse range of topics,
including sales, operations, product compliance, leadership and
management skills. Our e-learning platform, which mainly covers the
compliance and internal control related topics, allows our employees
to learn anytime and anywhere. The use of online training channel in
2016 has increased by almost 40% as compared to last year.
Dah Sing Group believes in lifelong learning. We offer education
sponsorships for employees to acquire higher academic qualifications
for their personal development. Sponsorship and examination
leave are also given to employees to attend various professional
development programmes and examinations such as FLMI, ACCA,
HKICPA, AHKIB, CFP, CFMP and CFA organised by different
professional bodies.
It is important that we help our people embrace our corporate culture
and shared values. Our Value Building Foundation Workshop adopts
an interactive approach to engage our employees to live and exhibit
the Group’s guiding principles and values in their daily work.
Labour Standards
The Group observes high labour standards and prohibits the use of
child, forced and compulsory labour. We monitor, prevent and report
such practices through scrupulous and rigorous practices.
Regulatory Compliance
During the year, we were not aware of any non-compliance with laws
and regulations that have a significant impact on the Group relating to
employment, occupational health and safety, or labour standards.
OPERATING PRACTICES
We recognise that loyal and satisfied customers are critical to our
continued business success. The Group
upholds a customer-centric culture and
strives to construct a mutually beneficial
relationship with our customers in which
values created are shared in a transparent
and fair manner.
僱傭常規（續）
培訓及發展
本集團制訂培訓計劃為員工提供有回報的職業及
令高質素人才能發揮其潛能。培訓計劃涵蓋多方
面的主題，包括銷售、營運、產品合規、領導及
管理技巧。我們的網上學習平台主要涵蓋與合規
及內部監控相關的主題，使員工隨時隨地都能學
習。2016年的網上培訓渠道的使用率較去年增加
近40%。
大新集團主張終身學習。我們向員工提供進修資
助，讓他們獲取更佳的學術資歷作個人發展。我
們亦會提供資助及考試假期予員工參加由不同專
業團體主辦的壽險管理師、會計師、香港銀行學
會會士、認可財務策劃師、專業財富管理師及專
業財務分析師等專業資格的課程。
我們積極協助員工認同我們的企業文化及共享價
值觀。我們的企業價值基礎工作坊採納互動方
法，讓員工在其日常工作上實踐及表現本集團的
指導原則及價值觀。
勞工準則
本集團遵守高水平的勞工準則，並禁止使用童
工、強迫及強制性勞動。我們透過謹慎及嚴格的
常規監控、預防及舉報該等情況。
監管合規
我們於報告期內並無獲悉任何因違反有關僱傭、
職業健康及安全或勞工準則方面的法律及法規而
對本集團造成重大影響的事件。
營運實踐
我們深信一批忠實及滿意的客戶對本集團的業務
得以持續發展至關重要。本集團秉承以客戶為本
的服務文化，致力於與客戶建立互利關係，以透
明及公平的方式共享所創造的價值。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報64
OPERATING PRACTICES (Continued)
Supply Chain Management
In managing our supply chain risk, we use suppliers that act in an
environmentally, socially and ethically responsible manner. Suppliers
are assessed based not only on their quality of work, track record
and economic factors, but also their ways of doing things in respect
of environmental, social and business conduct. Our suppliers are
expected to adhere to our standards, including those related to
ESG, as outlined in the respective request for proposal documents.
Such expectation is reinforced through our supplier performance
evaluation.
Customer Experience
The Group works to create a good customer experience by providing
quality products and services that suit customer needs.
The Group invests in leading technologies and resources to deliver
quality and up-to-date services to customers. These have provided
our customers fast account opening, services via different channels,
and the added convenience, security and service quality on the use of
our e-banking and e-payment services, which have ongoing upgrade.
Our people are equipped with proper training and skills in handling
customer enquiries and complaints. We welcome constructive
feedback from our customers and provide them with various
communication channels, such as hotline and email, in addition to our
branch network. Customer complaints are followed up and addressed
in a timely manner by the relevant parties and customer suggestions
are taken to guide our continuous efforts in making improvements.
We are committed to providing clear, accurate and balanced
information about our products and services to our customers to help
them make informed financial decisions. Our frontline sales personnel
are adequately trained to act with due skill, care and diligence.
Customer Data Privacy
As a socially responsible financial services organisation in Hong
Kong, trust is our license to facilitate the economic development of
the community we serve. The Group is committed to building trusting
relationships with our customers and communities by safeguarding
personal data privacy.
營運實踐（續）
供應鏈管理
於管理我們的供應鏈風險中，我們採用履行環
保、社會及道德責任的供應商。我們評估供應商
不僅基於其工作質素、過往記錄及經濟因素，亦
基於其在環保、社會及商業操守方面的表現。供
應商須在其建議書概述能否遵守我們的準則，包
括有關環境、社會及管治的準則。我們透過供應
商表現評估加強對供應商的管理。
客戶體驗
本集團致力於通過提供適合客戶需要的優質產品
和服務，營造良好的客戶體驗。
本集團投資先進的科技及資源，為客戶提供優質
及與時並進的服務。我們為客戶快捷開立賬戶、
透過不同渠道提供服務，我們的電子銀行及電子
支付服務不斷更新，以提供方便、安全及優質服
務予客戶。
我們的員工具備處理客戶查詢及投訴的適當培訓
及技能。我們歡迎客戶提出有建設性的意見，除
分行網絡之外，我們也為客戶提供其他溝通渠
道，例如電話熱線及電郵。相關員工會及時跟進
及處理客戶投訴，並會採納客戶建議，引領我們
繼續努力改進。
我們承諾以清晰、準確及均衡的態度為客戶提供
有關產品及服務的信息，以助其作出知情的財務
決策。我們的前線銷售員工均受過適當的培訓，
以適當的技能、審慎和盡責的態度為客戶提供服
務。
客戶資料私隱
作為對社會負責任的香港金融服務機構，信任乃
我們就促進所服務社區的經濟發展的憑證。本集
團承諾透過保障個人資料
私隱，與客戶和社區建立
互信關係。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 65
OPERATING PRACTICES (Continued)
Customer Data Privacy (Continued)
We have a Privacy Policy Statement in place which sets out clear
instructions for the collection, retention and use of customer data.
Policies and standard operating procedures are established and
adopted at the business level to protect the privacy and security of
personal data, in accordance with the applicable local regulatory
requirements. Our data privacy policies and requirements are
communicated and emphasised to all employees through inductions
and annual refresher trainings as well as various other avenues,
including seminars and quizzes. Access to customer data is strictly
limited to authorised personnel. Unauthorised use of customer data,
particularly for the purpose of direct marketing, is strictly forbidden.
With the increasing application of internet-based technologies in
financial services, the Group has been keenly aware of the cyber risks
associated with personal data security and has implemented stringent
control and security measures in offering its products and services
on the internet-based banking platform, mobile banking and mobile
securities trading platforms.
Anti-corruption and Whistle-blowing
We live up to the high expectations that our stakeholders have for us
as a responsible business by upholding high ethical values. The Group
has zero tolerance for bribery, extortion and other forms of corruption.
Our anti-corruption policies and procedures require our businesses to
meet high ethical standards at all times.
The Group’s requirements toward anti-corruption and business
ethics, incorporated in our Code of Conduct, are communicated and
reinforced to all employees. Regular training on anti-corruption and
whistle-blowing are given to all employees to create and strengthen
their awareness. The Group’s independent internal audit function
conducts in-depth reviews of various internal controls and audit
activities across our businesses to safeguard staff integrity.
Our whist le-blowing procedures encourage and enable our
employees and other stakeholders to report on observed
and suspected non-compliance and questionable
practices in confidence without retribution. Reported
cases are investigated and followed up by the
compliance or internal audit teams. Confirmed
cases are reported to the Audit Committee and
Management of the Group.
營運實踐（續）
客戶資料私隱（續）
我們已制訂私隱政策聲明，當中載列收集、保留
及使用客戶資料的明確指引。在業務層面，我們
已建立及採納有關執行程序的政策及準則，根據
本地適用的監管規定保障個人資料的私隱及安
全。我們的資料私隱政策及規定透過全體僱員入
職時及年度重溫課程以及座談會及小測驗等若干
其他途徑向員工傳達及強調其重要性。只有獲授
權之員工才可查閱客戶資料。任何在未經授權的
情況下使用客戶資料，尤其是用作直接市場推廣
方面，均受嚴禁。
隨著網絡技術在金融服務中之應用日趨普遍，本
集團深知與個人資料安全有關的網絡風險，並在
網上銀行業務平台、流動銀行業務及流動證券買
賣平台提供的產品及服務中採取嚴格控制及安全
措施。
反貪污及舉報
作為負責任的企業，我們致力維持高水平的道德
操守標準，以符合持份者對我們的期望。本集團
絕不容忍賄賂、勒索及其他形式的貪污行為。我
們的反貪污政策及程序要求我們的業務在任何時
候均達致高水平的道德操守標準。
本集團有關反貪污及商業道德的規定已納入我們
的員工行為守則，向全體僱員傳達及強調其重要
性。全體僱員亦獲提供有關反貪污及舉報的定期
培訓，以建立及提高員工意識。本集團的獨立內
部審核部門深入檢討整體業務的各種內部監控措
施及審核工作，確保員工以誠信行事。
我們的舉報程序鼓勵及能讓僱員及其他持份者可
在不怕遭到報復的情況下舉報所察覺及懷疑的違
規及可疑的舉動。所舉報的個案由合規或內部審
核團隊調查及跟進。確認的個案會向本集團的審
核委員會及管理層匯報。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報66
OPERATING PRACTICES (Continued)
Anti-corruption and Whistle-blowing (Continued)
The Group is strongly committed to combatting money laundering
and terrorism financing. Our Group-wide anti-money laundering
(“AML”) and counter-terrorism financing policies and procedures
are established in line with international and local AML and counter-
terrorism financing frameworks. We practise rigorous customer due
diligence and record-keeping and report suspicious transactions to
mitigate AML risks. Dedicated governance structures including the
AML Committee, Management Committee and Risk Management
Committee have been established to oversee and control the risks
concerning AML, financial crime and terrorism financing.
For more information regarding our corporate governance practices,
please refer to the Corporate Governance Report in this Annual
Report.
Regulatory Compliance
During the year, we were not aware of any breach of laws and
regulations that have a significant impact on the Group relating to anti-
corruption; nor were we aware of any incidents of non-compliance
with laws and regulations that have a significant impact on the Group
concerning health and safety, advertising, labelling and privacy matters
relating to products and services and methods of redress.
ENVIRONMENTAL PERFORMANCE
As a responsible financial services provider, we are committed to
minimising our environmental impacts, and have proactively played a role
in driving our community towards a greener economy. We work to be part
of the solution to environmental protection, by reducing our own energy
and greenhouse gas (“GHG”) footprints, practising waste recycling and
enabling sustainable businesses by supporting green financing.
Energy and GHG Emission Management
The Group recognises that energy comprises a major part of its GHG
emissions. Our businesses have implemented a myriad of measures
in improving energy efficiency in our operations and reducing the
intensity of GHG emissions.
To minimise energy use and GHG emission at its source, we choose
to procure higher energy efficient machinery and equipment. Our
employees are encouraged to avoid unnecessary business travels
and use alternatives, such as videoconferencing. To exert a positive
influence on user behaviour, we have set out guidelines to encourage
energy saving by turning off the computer or printer during idle time.
營運實踐（續）
反貪污及舉報（續）
本集團堅定地承諾打擊洗黑錢及恐怖分子融資活
動。我們按照國際及本港的反洗錢及反恐怖分子
融資框架，制訂了集團上下均須遵守的反洗錢及
反恐怖分子融資政策及程序。我們對客戶進行嚴
格盡職調查，保存記錄及舉報可疑交易以減低反
洗錢的風險。我們備有專設的管治架構，包括反
洗錢委員會、管理委員會及風險管理委員會，以
監督及監控有關反洗錢、金融犯罪及恐怖分子融
資的風險。
有關我們企業管治常規的更多資料，請參閱本年
報中的企業管治報告。
監管合規
我們於報告期內並無獲悉任何因違反有關反貪污
的法律及法規而對本集團造成重大影響的事件；
亦無獲悉任何因不遵守有關產品及服務的健康及
安全、廣告、標籤及私隱事宜以及補救方法的法
律及法規，而對本集團造成重大影響的事件。
環境表現
作為一家負責任的金融服務機構，我們承諾盡力
降低對環境的影響，並積極地推動社區邁向綠色
經濟。我們致力參與環保解決方案，減少自身的
能源及溫室氣體足跡，實施廢物回收及通過支持
綠色融資促進可持續業務發展。
能源及溫室氣體排放管理
本集團明白能源使用是佔其溫室氣體排放的主要
來源。我們的業務已實施若干措施，在營運中提
高能源效益及減少溫室氣體排放。
為盡量減少使用能源及其造成的溫室氣體排放，
我們選擇採購能源效益更高的機器及設備。我們
鼓勵員工避免不必要的商務出差及使用替代方
法，例如視像會議。為對使用者行為產生正面影
響，我們制訂指引以鼓勵在毋須使用電腦或打印
機的時候將其關閉以節省能源。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 67
ENVIRONMENTAL PERFORMANCE (Continued)
Energy and GHG Emission Management (Continued)
At our banking business in Hong Kong, we have replaced over 600
fluorescent light tubes with more energy efficient LED models in 2016
to lower the CO2 emissions at the office premises by about 60,000 kg.
We are proud to announce that in March 2016 we became a signatory
to the Environmental Bureau’s “Charter on External Lighting”. This
initiative allows us to reduce energy wastage and minimise light
nuisances of external lighting installations. Additionally, we undertook
a virtualisation project with external consultants to consolidate and
streamline IT equipment which helped lower electricity consumption
and GHG emissions.
Our continuous efforts in making our operations greener have been
recognised by the Environmental Campaign Committee with the
award “Energywi$e Certificate – Good Level”.
Waste Reduction and Recycling
The Group is committed to managing waste responsibly through
reducing and recycling waste. Waste generated from our operations
is recycled as much as possible. Recycling bins are provided on the
premises and are easily accessible by employees. We recycled over
140 tonnes of scrap paper, empty printer cartridges and toner bottles
in 2016.
As recognition of our consistent efforts in waste reduction and
recycling, the Group was presented the “Wastewi$e Certificate –
Good Level” award by the Environmental Campaign Committee in
2016.
Going Paperless
We have invested in state-of-the-art technologies, such as the
internet commercial banking platform, DS-Direct, which enables us
to send bank alerts, advices and statements electronically to our
customers. Additionally, we launched e-receipts for ATMs as an
alternative to paper receipts. Since March 2016, our banking business
in Macau has migrated over 4,500 customers to electronic statements
for their credit cards.
Internally within Dah Sing Group, many of our processes
have evolved to be paperless. For example, e-forms have
been widely applied internally and e-fax has been adopted
for bank-wide document transfers. We have
deployed over 200 scanning devices to facilitate
document retention in electronic form.
環境表現（續）
能源及溫室氣體排放管理（續）
於2016年，我們的香港銀行業務辦公室已採用更
具能源效益的LED燈以替換逾600多支光管，減
少二氧化碳排放量約6萬公斤。我們欣然宣佈，
我們於2016年3月與環境局簽署《戶外燈光約
章》，藉此減少浪費能源及盡量降低戶外照明裝
置的光滋擾。另外，我們與外聘顧問一同開展虛
擬化項目以整合及簡化資訊科技設備，有助於減
少使用電力及溫室氣體排放。
我們在環保方面作出的持續努力獲環境運動委員
會授予「良好級別」節能證書。
減少及回收廢物
本集團致力減少及回收廢物以負責的態度處理廢
物。我們盡可能回收在營運中產生的廢物。回收
箱擺放在辦公室內方便員工易於使用的地方。我
們於2016年回收逾140噸廢紙、空打印機碳粉盒
及碳粉閘。
本集團於2016年獲環境運動委員會授予「良好級
別」節能證書，作為對我們持續努力減廢回收的
認可。
無紙化
我們已投資最先進技術，例如「DS-Direct企業網
上銀行平台」，可向客戶發送電子銀行提示、通
告及結單。另外，我們的自動櫃員機已使用電子
收據以替代傳統收據。自2016年3月以來，我們
在澳門的銀行將逾4,500名客戶的信用卡結單轉
用電子結單發送。
大新集團內部不少運作程序已演變以無紙化操
作。例如，在集團內部一直廣泛地採用的電子表
格及以電子傳真形式傳送銀行內部文件。我們配
置逾200台掃描器，促使以電子形式保存文件。
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報68
ENVIRONMENTAL PERFORMANCE (Continued)
Reducing Water Use
We support water conservation and have adopted practical water-
efficiency measures in our key premises. For example, we installed
faucets which are designed to be 80% more water-efficient than
traditional taps in the washrooms of our banking operation in Macau
to reduce daily water usage.
Supporting Green Finance
The Group recognises the global demand in green finance and is
enthusiastic to play a part in enabling capital-raising and project
investment that provide environmental solutions. Our banking business
in Mainland China has established a set of lending guidelines which
prohibits loans for inefficient, pollution-causing projects. This is in line
with the trend of the industry and addresses increasing expectations
from the public for greater accountability from the financial sectors.
Regulatory Compliance
We were not aware of any non-compliance of laws and regulations
that have a significant impact on the Group relating to air and
GHG emissions, discharges into water and land, and generation of
hazardous and non-hazardous waste during the reporting period.
COMMUNITY INVOLVEMENT
We believe that the prosperity of the community in which we
operate is intertwined with the growth of our business. Community
outreach is an essential part of our CSR strategy. We make efforts
to understand the needs, interests
and concerns in the community and
give back to society as much as we
could. In collaboration with various
partners, the Group supports a variety
of community programmes that create
long-lasting social benefits and brings
sustainable solutions to scale. In 2016
our community involvement focused on
Small and Medium Enterprise (“SME”)
support, youth development, sports for
charity, environmental conservation and
financial inclusion.
環境表現（續）
降低用水量
我們支持節約用水，並在我們主要辦公室採取實
際的用水效益措施。例如，我們在澳門的銀行之
洗手間安裝比傳統水龍頭節省用水量逾80%的水
龍頭，以減少日常用水量。
支持綠色金融
本集團深明全球對綠色金融的需求，並積極參與
環保計劃的集資及項目投資方案。我們在中國內
地的銀行已建立一套貸款指導方針，禁止為低效
及造成污染的項目貸款。此舉符合行業趨勢及滿
足公眾不斷提高對金融行業更強問責制的期望。
監管合規
我們於報告期內並無獲悉任何因違反有關廢氣及
溫室氣體排放、水及土地的排污、有害及無害廢
棄物產生等的法律及法規而對本集團造成重大影
響的事件。
社區參與
我們營運所在的社區繁榮與我們的業務發展息息
相關。社區參與乃我們企業社會責任策略的重要
部份。我們盡力了解社區的需要、利益及關注事
項並盡我們所能回饋
社會。本集團與若干
夥伴合作，支持不少
創造長期社會得益及
提 供 具 規 模 的 持 續
解 決 方 案 的 社 區 計
劃。 於2016年， 我
們的社區參與專注
於 支 持 中 小 企 業、
青 少 年 發 展、 慈 善
體育活動、環保及
金融普惠方面。
澳門商業銀行員工參加澳門「百萬行」
Staff of BCM Bank participated in “Walk for Millions” in Macau
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 69
COMMUNITY INVOLVEMENT (Continued)
Supporting SMEs
SMEs are the lifeblood of the Hong Kong economy and they form
an important customer segment for the Group. We believe that
supporting SMEs is important not just
for the susta inable development of
Hong Kong, but also for the Pearl River
Delta region as a whole. Apart from
organising many activities for SMEs, we
also sponsored the 2016 Hong Kong
E-commerce Ecosystem Summit and
2nd Hong Kong E-commerce Award
Competition co-organised by Alibaba,
the Office of the Government Chief
Information Office of the Hong Kong
SAR and the Hong Kong Netrepreneurs
Association.
Nurturing the Youth
The youth are the future of our society and we strive to empower them
and bring social mobility to them.
The Group introduced the “Life Buddies” programme in mid-2016,
where our staff volunteered to be one-on-one mentors for eight
students in Lingnan Secondary School to guide them through the
process of setting goals for personal development.
In July 2016, we supported the “Taobao E-commerce Training
Programme” by engaging employees to provide training to 50 young
e-commerce talents on topics ranging from cash flow and financial
management to the basics of trade finance.
We also supported the volunteering work organised by The Hong
Kong Association of Banks to promote financial management
concepts and career in banking industry to the youths and
participated in the career workshops organised by the Chinese YMCA
of Hong Kong for secondary school students.
The Group has given scholarships to students with
good academic results at selected universities in
Hong Kong, Macau and Mainland China over the
past few years.
社區參與（續）
支持中小企業
中小企業是香港經濟的主要動力來源，亦是本集
團非常重要的客戶群。我們相信支持中小企業不
僅對香港亦對珠江三角洲區域的持續發展相當
重要。除了為中小
企業舉辦眾多活動
外，我們亦贊助由
阿 里 巴 巴、 香 港 特
區政府資訊科技總
監 辦 公 室 及 香 港 網
商會合辦的2016香
港電子商務生態大會
暨第二屆香港傑出網
商大賽。
培育青少年
青少年為社會的未來希望，我們致力培育年青一
代，使他們能在社會上力爭上游。
本集團於2016年中旬開展「友 • 導向」計劃，由
員工自願擔任嶺南中學8名學生的一對一導師，
指導他們通過訂立目標以實現其個人發展。
於2016年7月，我們派出員工為50名年青電子
商務人才提供有關現金流量及財務管理以至貿易
融資基礎知識的培訓，以支持「淘寶電商培訓計
劃」。
我們亦支持香港銀行公會舉辦的義工服務，向青
少年推廣財務管理理念及銀行業的職業，並參與
香港中華基督教青年會為中學生舉辦的職業工作
坊。
本集團於過往數年在香港、澳門及中國內地為被
挑選的大學頒發獎學金予學業成績優異的學生。
大新銀行獲得2016年中小企業最
佳拍檔獎
Dah Sing Bank received the B
est SME’s Partner Award in 2
016
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
大新銀行集團有限公司 2016年年報70
COMMUNITY INVOLVEMENT (Continued)
Promoting Sports and Supporting Those in Need
The Group organised a basketball
even t w i th compet i t i on and
challenge games in late 2016 to
raise funds for Operation Santa
Claus. The fundraising event was
attended by over 120 staff and
32 children. The Group hosted
the event with a view to providing
DSB staff with a chance to join
hands with children in need for
charity, while also fostering a
strong team spirit among its staff.
The Group also sponsored 19 children from low income families to join
a 2-year free rope skipping course and 80 underprivileged children
to participate in the Doraemon Run, which helped the youngsters to
develop sports skills and sportsmanship.
Environmental Conservation
To promote awareness for environmental conservation, the Group
organised a clean-up for an eco-garden in Shenzhen, southern China.
The event was attended by over 150 staff.
Financial Inclusion
Dah Sing Group supports disadvantaged customers, such as the
elderly, minors, low-income groups and physically or mentally
challenged customers, by providing waivers for low-balance
maintenance and dormant account fees. The Group also participates
in the “Treat Customers Fairly Charter” run by the Hong Kong
Monetary Authority.
社區參與（續）
宣傳體育及支持有需要人士
本集團於2016年年底舉辦
籃球比賽活動及競技賽，為
「愛心聖誕大行動」籌款。該
籌款活動有逾120名員工及
32名兒童參加。本集團主辦
該活動，旨在為大新銀行員
工提供機會與有需要的兒童
攜手參與善舉，同時亦促進
員工團隊精神。
本集團亦贊助19名來自低收入家庭的兒童參加一
項為期兩年的免費跳繩課程，以及安排80名弱勢
兒童參與Doraemon Run，幫助青少年發展運動
技巧及體育精神。
環保
為提高環保意識，本集團在中國深圳市的一家生
態園組織清潔活動，有逾150名員工參加。
金融普惠
大新集團通過豁免徵收低額結存服務月費及不動
戶收費支持弱勢社群客戶，例如長者、未成年人
士、低收入人士及殘疾人士。本集團亦參與香港
金融管理局制定的《公平待客約章》。
大新慈善籃球挑戰賽為「愛心聖誕大行動」籌款
Dah Sing Charity Score Challenge raised funds for Operation Santa Claus
本集團贊助「大新銀行激發！凝動花式跳繩」
The Group sponsored the “Dah Sing Bank ROPE-SKIPPING Inspires!”
2016年Doraemon Run
Doraemon Run 2016
環境、社會及管治報告
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 71
獎項及成就
以下是本集團在2016年獲得的主要獎項：
• 超過連續10年獲香港社會服務聯會頒發為
「商界展關懷」企業
• 獲強制性公積金計劃管理局嘉許為2015/16
年度「積金好僱主」
• 由民政事務局及家庭議會合辦的「2015/16
年度家庭友善僱主獎勵計劃」中，獲頒發
2015/16年度「家庭友善僱主」、「支持母乳
餵哺獎」及「特別嘉許」
• 獲《JobMarket求職廣場》頒發「卓越僱主大
獎2016」
• 《資本雜誌》頒發「企業社會責任大獎」
• 香港中小型企業總商會頒發2016年「中小企
業最佳拍檔獎」
• 香港銀行學會頒發予銷售及財富管理人員
的「傑出財富管理師大獎」
• 天高管理發展有限公司頒發持續超卓表現
分店（將軍澳新都城中心分行）及持續超卓
表現機構
• 路訊網頒發「一路最愛中小企銀行服務品牌
大獎」
• 獲《明報週刊》頒發「星級商業銀行大獎」
• 獲《都市日報》及《都市盛世》頒發2016年度
「銀行及金融服務企業獎」之「最佳商業銀行」
• 《資本雜誌》頒發「資本卓越網上銀行大獎」
AWARDS AND RECOGNITIONS
The following are the major awards received by the Group in 2016:
• “10+ years Caring Company” recognition by the Hong Kong
Council of Social Service
• “2015/16 Good MPF Employer Award” by the Mandatory
Provident Fund Schemes Authority
• “2015/16 Family-Friendly Employer”, “2015/16 Awards for
Breastfeeding Support” and “Special Mention” under the
2015/16 Family-Friendly Employers Award Scheme by the
Home Affairs Bureau and the Family Council
• “The Employer of Choice Award 2016” by JobMarket
• “Corporate Social Responsibility Award” by CAPITAL magazine
• “2016 Best SME’s Partner Award” by the Hong Kong General
Chamber of Small and Medium Business
• “Outstanding Financial Management Planner Award” by the Hong
Kong Institute of Bankers for sales and financial planning colleagues
• Persistently Outstanding Service Outlet (TKO Metro City
Branch) and Persistently Outstanding Service Company of the
year by Tip Top Consultants Ltd
• Best Loved SME Bank Brand Award by RoadShow
• Elite Award – Best Commercial Banking by Ming Pao Weekly
• “Best Commercial Banking” under Metro Awards for Banking &
Finance Corporations 2016 by Metro Daily and Metro Prosperity
• “Capital Merits in Internet Banking Services Award” by CAPITAL
magazine
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報72
The Directors submit their report together with the audited financial
statements for the year ended 31 December 2016.
PRINCIPAL ACTIVITIES AND SEGMENT ANALYSIS OF
OPERATIONS
The principal activity of Dah Sing Banking Group Limited (the
“Company”) is banking investment holding. The principal activities
of the subsidiaries are shown in Note 26 to the financial statements.
An analysis of the performance of the Company and its subsidiaries
(the “Group”) for the reporting period by business and geographical
segments are set out in Note 6 to the financial statements.
RESULTS AND APPROPRIATIONS
The results of the Group for the year ended 31 December 2016 are set
out in the consolidated income statement on page 93.
The Directors declared an interim dividend of HK$ per share and a
total of HK$140,325, in cash was paid on 23 September 2016.
The Directors recommend the payment of a final dividend of HK$
per share in cash, totalling HK$392,970,.
CLOSURE OF REGISTER OF SHAREHOLDERS
For determining shareholders’ right to attend and vote at the
forthcoming annual general meeting:
暫停辦理股東登記日期（包括首尾兩天） 2017年5月23日（星期二）至2017年5月26日（星期五）
Closure dates of Register of Shareholders (both days inclusive) 23 May 2017 (Tuesday) to 26 May 2017 (Friday)
截止辦理股份過戶時間 2017年5月22日（星期一）下午4時30分
Latest time to lodge transfers 4:30 . on 22 May 2017 (Monday)
記錄日期 2017年5月26日（星期五）
Record date 26 May 2017 (Friday)
股東週年大會 2017年5月26日（星期五）
Annual General Meeting 26 May 2017 (Friday)
董事會謹提呈截至2016年12月31日止年度之報
告及經審核之財務報表。
主要業務及營運之分項分析
大新銀行集團有限公司（「本公司」）之主要業務為
銀行投資控股。而附屬公司之主要業務則見財務
報表附註26。本年度按業務及區域分項之本公司
及其附屬公司（「本集團」）業績表現分析載於財務
報表附註6。
業績及盈餘分配
本集團截至2016年12月31日止年度之業績載於
第93頁之綜合收益賬內。
董事會宣派中期股息每股港元，共派現金
140,325,港元，已於2016年9月23日派發
各股東。
董事會建議派發末期現金股息每股港元，合
共392,970,港元。
暫停辦理股東登記
為釐定股東有權出席應屆之股東週年大會並於會
上投票：
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 73
CLOSURE OF REGISTER OF SHAREHOLDERS (Continued)
For determining shareholders’ entitlement to receive the proposed
final dividend*:
暫停辦理股東登記日期（包括首尾兩天） 2017年6月6日（星期二）至2017年6月8日（星期四）
Closure dates of Register of Shareholders (both days inclusive) 6 June 2017 (Tuesday) to 8 June 2017 (Thursday)
截止辦理股份過戶時間 2017年6月5日（星期一）下午4時30分
Latest time to lodge transfers 4:30 . on 5 June 2017 (Monday)
記錄日期 2017年6月8日（星期四）
Record date 8 June 2017 (Thursday)
末期股息擬派發日期 2017年6月14日（星期三）
Proposed final dividend payment date 14 June 2017 (Wednesday)
(*subject to shareholders’ approval at the forthcoming annual general meeting)
During the periods of the closure of Register of Shareholders, no share
transfers will be registered. For registration, all transfer documents
accompanied by the relevant share certificates must be lodged with
the Company’s share registrar, Computershare Hong Kong Investor
Services Limited, Shops 1712-1716, 17th Floor, Hopewell Centre, 183
Queen’s Road East, Wan Chai, Hong Kong before the relevant latest
time to lodge transfers.
BUSINESS REVIEW
A review of the business of the Group and a discussion and analysis
on the Group’s future business development are provided in the
“Chairman’s Statement” and the “Review of Operations” of this
Annual Report. Description of the principal risks and uncertainties
that the Group may be facing can also be found in the “Chairman’s
Statement” and the “Review of Operations” of this Annual Report.
The objectives and policies of financial risk management and the
risk management structure and framework of the Group can be
found in the “Notes to the Financial Statements” of this Annual
Report. Particulars of important events affecting the Company that
have occurred (if any) can be found in the “Notes to the Financial
Statements”. An analysis of the Group’s performance during the year
using financial key performance indicators is provided in the “Review
of Operations” of this Annual Report. In addition, discussions on
the Group’s environmental policies and relationships with the key
stakeholders and compliance with relevant laws and regulations
which have significant impact on the Group can be found in the
“Environmental, Social and Governance Report” and the “Corporate
Governance Report” of this Annual Report. The “Notes to the
Financial Statements” also contain description of the management
structures and framework to ensure compliance of various laws and
regulations which are applicable to the Group. The above sections
form part of this Report of the Directors.
暫停辦理股東登記（續）
為釐定股東有權獲派發建議之末期股息 *：
（*有待股東於應屆之股東週年大會批准）
在暫停辦理股東登記期間，本公司將暫停辦理股
份過戶登記手續。所有股份過戶文件連同相關股
票必須在有關之截止辦理股份過戶時間前送達本
公司之股份登記處香港中央證券登記有限公司辦
理過戶手續，地址為香港灣仔皇后大道東183號
合和中心17樓1712至1716室。
業務審視
本集團之業務回顧及對本集團未來業務發展之討
論及分析載於本年報之「主席報告書」及「業務回
顧」內。本集團可能面對之主要風險及不明朗因
素之概述亦載於本年報之「主席報告書」及「業務
回顧」內。財務風險管理之目標及政策以及本集
團風險管理架構及機制列於本年報之「財務報表
附註」內。發生影響本公司之重要事件資料（如
有）於「財務報表附註」內詳述。利用財務主要表
現指標以分析本集團年內之表現於本年報之「業
務回顧」內提供。此外，本集團之環保政策、與
主要持份者之關係及遵守對本集團有重大影響的
相關法例及規則載於本年報之「環境、社會及管
治報告」及「企業管治報告」內。「財務報表附註」
亦載有本集團管理架構及機制之概況，以確保本
集團遵守相關之各項法例及規則。以上部份構成
本董事會報告書之一部份。
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報74
SHARES ISSUED IN THE YEAR
Details of the shares of the Company issued during the year are shown
in Note 38 to the financial statements.
DONATIONS
During the year, the Group made charitable and other donations
amounting to HK$2,247,000.
DIRECTORS
The Directors of the Company during the year and up to the date of
this report are:
David Shou-Yeh Wong
Chairman
Hon-Hing Wong (Derek Wong)
Vice Chairman
Robert Tsai-To Sze*
Andrew Kwan-Yuen Leung*
Seng-Lee Chan*
Yuen-Tin Ng*
Kenichi Yamato (appointed with effect from 12 August 2016)
Harold Tsu-Hing Wong
Managing Director and Chief Executive
Gary Pak-Ling Wang
Shoji Hirai (resigned with effect from 12 August 2016)
* Independent Non-Executive Directors
In accordance with Articles 107 and 108 of the Company’s Articles
of Association, one-third (or the number nearest to and at least one-
third) of the Directors being those who have been longest in office
shall retire by rotation at each annual general meeting. The Directors
retiring under Articles 107 and 108 are, however, eligible for re-
election. Accordingly, Messrs. David Shou-Yeh Wong, Robert Tsai-To
Sze and Andrew Kwan-Yuen Leung will retire, and being eligible, offer
themselves for re-election at the forthcoming annual general meeting.
本年度已發行之股份
本公司是年度已發行股份之詳情載於財務報表附
註38。
捐款
本集團是年度之慈善及其他捐款共2,247,000港
元。
董事會
本年度內及至本報告書日期止本公司董事芳名：
王守業
主席
黃漢興
副主席
史習陶 *
梁君彥 *
陳勝利 *
吳源田 *
大和健一（於2016年8月12日獲委任）
王祖興
董事總經理兼行政總裁
王伯凌
平井章治（於2016年8月12日辭任）
* 獨立非執行董事
按照本公司組織章程細則第107及108條規定，董
事會三分之一（或最為接近但不少於三分之一）數
目而在任最長之成員須於應屆之股東週年大會輪
值告退。根據細則第107及108條之退任董事可膺
選連任。根據此規定，王守業先生、史習陶先生
及梁君彥先生將於應屆之股東週年大會退任，合
資格並願意膺選連任。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 75
DIRECTORS (Continued)
In accordance with Article 112 of the Company’s Articles of
Association, a Director appointed during the year either to fill a
vacancy or as an additional director shall retire at the next following
annual general meeting and shall then be eligible for re-election.
Accordingly, Mr. Kenichi Yamato, who was appointed on 12
August 2016, will retire at the forthcoming annual general meeting.
Mr. Yamato, being eligible, offers himself for re-election at the
forthcoming annual general meeting.
The Company has received an annual confirmation from each of the
Independent Non-Executive Directors as regards their continued
independence while serving as members of the Board of Directors
during the year. The Company considers all the Independent Non-
Executive Directors to be independent.
Details of the Directors to be re-elected at the forthcoming annual
general meeting are set out in the circular to the shareholders sent
together with this Annual Report.
DIRECTORS OF SUBSIDIARIES
A list of the names of all the directors who have served on the boards
of the subsidiaries of the Company during the year and up to the
date of this Report of the Directors is provided in the “Directors of
Subsidiaries” section which follows this Report of the Directors.
DIRECTORS’ SERVICE CONTRACTS
None of the Directors proposed for re-election has a service contract
with the Company or any of its subsidiaries which is not determinable
within 1 year without payment of compensation, other than statutory
compensation.
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
As at 31 December 2016, the interests and short positions of the
Directors and the Chief Executive of the Company in the shares,
underlying shares and debentures of the Company or any of its
associated corporations (within the meaning of Part XV of the
Securities and Futures Ordinance (“SFO”)) which were required to
be notified to the Company and The Stock Exchange of Hong Kong
Limited (the “SEHK”) pursuant to Part XV of the SFO (including
interests and short positions which they have taken on or are deemed
to have acquired under such provisions of the SFO), or which were
required pursuant to the SFO, to be entered in the register referred to
therein, or as otherwise required to be notified to the Company and
the SEHK pursuant to the Model Code for Securities Transactions
by Directors of Listed Issuers and the code of conduct for directors’
securit ies dealing adopted by the Company (collectively the
“Securities Model Code”) were as follows:
董事會（續）
按照本公司組織章程細則第112條規定，任何於
年內獲委任的董事，以填補空缺或作為新增董
事，須於下屆股東週年大會告退，並可膺選連
任。根據此規定，於2016年8月12日獲委任之大
和健一先生將於應屆之股東週年大會退任。大和
先生合資格並願意於應屆之股東週年大會上膺選
連任。
本公司已收到各獨立非執行董事就其於年內在任
董事會的持續獨立性作出的年度確認函。本公司
對他們的獨立性表示認同。
於應屆之股東週年大會上膺選連任之董事的資
料，載於連同本年報寄發予股東的股東通函內。
附屬公司董事
本年度內及至本董事會報告書日期止，出任本公
司附屬公司董事會之全部董事名單列於本董事會
報告書隨後之「附屬公司董事」一節內。
董事服務合約
建議重選之董事與本公司或其任何附屬公司概無
簽訂不可於1年內在不予賠償（法定賠償除外）的
情況下終止的服務合約。
董事及行政總裁權益
於2016年12月31日，根據《證券及期貨條例》第
XV部，本公司之董事及行政總裁所持有本公司
或其任何相聯法團（定義見《證券及期貨條例》第
XV部）而須向本公司及香港聯合交易所有限公司
（「香港交易所」）申報之股份、相關股份及債券的
權益（包括按照《證券及期貨條例》之規定而擁有
或視作擁有之權益及淡倉），或按《證券及期貨條
例》規定而設置之登記冊所載，或因遵照《上市公
司董事進行證券交易的標準守則》及本公司所採
納之董事證券交易守則（合稱「證券標準守則」）而
須知會本公司及香港交易所之權益及淡倉如下：
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報76
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
a) Interests in shares of the Company and its associated
corporation
佔已發行
股份總數之
權益百分比
Percentage
本公司普通股股份數目 of interests
Number of ordinary shares in the Company in the
個人權益 法團權益 (1) 其他權益 合計權益 total number
Personal Corporate Other Total of issued
董事 Director interests interests(1) interests interests shares
王守業 David Shou-Yeh Wong – 1,045,626,955(2) – 1,045,626,955
王袓興 Harold Tsu-Hing Wong 623,127 – – 623,127
佔已發行
股份總數之
權益百分比
大新金融集團有限公司普通股股份數目 Percentage
Number of ordinary shares of interests
in Dah Sing Financial Holdings Limited in the
個人權益 法團權益 (1) 其他權益 合計權益 total number
Personal Corporate Other Total of issued
董事 Director interests interests(1) interests interests shares
王守業 David Shou-Yeh Wong – 11,096,495 126,189,187(3) 137,285,682
Notes:
(1) The corporate interests are in respect of shares held by companies in
which the director controls one third or more of the voting powers at
general meetings.
(2) Such shares include the corporate interests of David Shou-Yeh Wong
under Part XV of the SFO by virtue of his beneficial share interests in the
shares of Dah Sing Financial Holdings Limited which currently holds a
controlling interest of % in the Company and interests in the shares
of the Company held through a company controlled by David Shou-Yeh
Wong.
(3) Such shares are indirectly held by HSBC International Trustee Limited, a
trustee of a discretionary trust established for the benefit of David Shou-
Yeh Wong and his family members.
董事及行政總裁權益（續）
甲） 在本公司及相聯法團所持之股份權益
註：
(1) 法團權益乃指由董事於股東大會上可控制三分之
一或以上投票權之公司所持有之股份。
(2) 此等股份包括王守業透過其於大新金融集團有限
公司之實益權益而按《證券及期貨條例》第XV部定
義被視作擁有本公司%之法團權益及王守
業控制的法團持有之本公司股份。
(3) 此等股份乃由為王守業及其家族成員利益而成立
之全權信託受託人滙豐國際信託有限公司間接持
有。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 77
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation
i) Share option schemes of the Company
The shareholders of the Company approved the adoption of
a new share option scheme (the “New DSBG Scheme”) and,
at the same time, the termination of the Share Option Scheme
adopted by the Company on 12 June 2004 (the “Old DSBG
Scheme”) at the annual general meeting of the Company held
on 27 May 2014. No further options can be offered under the
Old DSBG Scheme after its termination but the provisions of
the Old DSBG Scheme remain in full force and effect to the
extent necessary to give effect to exercise of all options granted
prior to the termination of the Old DSBG Scheme but not yet
exercised at the time of termination.
In accordance with the requirements of The Rules Governing
the Listing of Securities on The Stock Exchange of Hong Kong
Limited (the “Listing Rules”), a summary of the Old DSBG
Scheme and the New DSBG Scheme (collectively the “DSBG
Schemes”) is disclosed as follows:
(1) Purpose of the DSBG Schemes:
The purpose of the DSBG Schemes is to attract, motivate
and retain high quality executives to contribute to the
Group’s business and growth.
(2) Participants of the DSBG Schemes:
Eligible participants of the DSBG Schemes included
directors and employees holding supervisory positions in
the Company and its subsidiaries.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益
i) 本公司之認股權計劃
本公司股東於2014年5月27日舉行之本公
司股東週年大會上通過批准採納新認股權
計劃（「大新銀行集團新計劃」），及同時終
止本公司於2004年6月12日採納之認股權
計劃（「大新銀行集團舊計劃」）。於大新銀
行集團舊計劃終止後，無任何認股權可根
據大新銀行集團舊計劃授出，惟大新銀行
集團舊計劃之條文就大新銀行集團舊計劃
終止前已授出但於終止時仍未行使之全部
認股權行使而言，仍具有十足效力及生效。
根據香港聯合交易所有限公司證券上市規
則（「《上市規則》」），大新銀行集團舊計劃
及大新銀行集團新計劃（合稱「該等大新銀
行集團計劃」）概括如下：
(1) 該等大新銀行集團計劃的目的：
該等大新銀行集團計劃的目的在招
攬、獎勵及挽留高質素行政人員以助
集團的業務及擴展。
(2) 該等大新銀行集團計劃的參與人：
該等大新銀行集團計劃合資格參與人
包括本公司及其附屬公司之董事及擔
任管理職位之僱員。
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報78
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
i) Share option schemes of the Company (Continued)
(3) Total number of shares available for issue under the DSBG
Schemes and percentage of total number of issued shares
as at the date of this Report of the Directors:
Following the termination of the Old DSBG Scheme, no
further share options can be granted under the Old DSBG
Scheme.
The number of shares available for issue under the New
DSBG Scheme and any other schemes is 70,076,781
shares, representing % of the total number of issued
shares of the Company as at the date of this Report of the
Directors.
(4) Maximum entitlement of each participant under the DSBG
Schemes:
No options may be granted to any eligible person which, if
exercised, would result in such eligible person becoming
entitled to subscribe for such number of shares as, when
aggregated with the total number of shares already issued
or to be issued to him under all options granted to him in
the 12-month period up to and including the offer date of
relevant options, exceed 1% of the shares in issue at such
date. Any grant of further options above the limit shall be
subject to the provisions of the DSBG Schemes and the
Listing Rules as amended from time to time.
(5) Period within which the shares must be taken up under an
option:
The exercise period is determined by the Nomination
and Remuneration Committee on behalf of the Board of
the Company, and is specified when related options are
granted. Shares under the options must be taken up within
10 years from the date of grant. All the existing share
options under the Old DSBG Scheme shall be exercisable
upon vesting in 5 equal tranches between the first and fifth
anniversaries from the date of grant.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
i) 本公司之認股權計劃（續）
(3) 據該等大新銀行集團計劃可予發行的
股份總數及其於本董事會報告書日期
佔已發行股份總數的百分率：
隨着大新銀行集團舊計劃終止後，並
無任何認股權可根據大新銀行集團舊
計劃進一步授出。
於本董事會報告書日期，大新銀行集
團新計劃及任何其他計劃下可予發行
之股份數目為70,076,781股，佔本公
司已發行股份總數%。
(4) 該等大新銀行集團計劃中每名參與人
可獲授權益上限：
任何合資格人士其獲授予認股權可認
購之股份若行使後，加上給予其已發
行及將發行之股份總數在授予有關認
股權包括當日計過往12個月期間超過
已發行股份的1%，則不會獲授予認
股權。任何進一步授予高於上限之認
股權須遵守該等大新銀行集團計劃之
條款及受不時修訂之《上市規則》所約
束。
(5) 根據認股權可認購股份的期限：
行使期由提名及薪酬委員會代表本公
司董事會決定，及於授予有關認股權
時闡明。股份須於有關認股權授予日
起計10年內認購。所有在大新銀行集
團舊計劃下現有之認股權可於獲授予
日期起計第1個至第5個週年分5批平
均歸屬並可予以行使。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 79
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
i) Share option schemes of the Company (Continued)
(6) Minimum period for which an option must be held before
it can be exercised:
The minimum holding period is determined by the
Nomination and Remuneration Committee on behalf of
the Board of the Company, and is specified when related
options are granted. None of the existing share options
under the Old DSBG Scheme shall be exercisable within
one year from the date of grant.
(7) Amount payable on application or acceptance of the
option and the period within which payments or calls must
or may be made or loans for such purpose must be repaid:
The amount payable on acceptance of an option is HK$1
and must be made within 21 days upon offer of granting of
options or the date on which the conditions (if any) for the
offer are satisfied.
(8) Basis of determining the exercise price:
The exercise price per option share is concluded by the
Nomination and Remuneration Committee on behalf of
the Board of the Company on the basis no less exacting
than the requirement set out in Rule (9) of the Listing
Rules and is determined as no less than the highest of (i)
the closing price of the Company’s shares traded on the
SEHK on the date of grant; and (ii) the average closing
price of the Company’s shares traded on the SEHK for the
5 business days immediately preceding the date of grant.
For options granted before the commencement of the
Companies Ordinance (Cap. 622) on 3 March 2014, the
nominal value of the shares of HK$1 each in the capital of
the Company had been taken into account in determining
the exercise price per option share. (The Companies
Ordinance (Cap. 622) adopts a mandatory system of no
nominal value for all Hong Kong incorporated companies
having a share capital and abolishes the concept of
nominal value for all shares. With effect from 3 March
2014, the shares of the Company have no nominal value.)
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
i) 本公司之認股權計劃（續）
(6) 認股權行使之前必須持有的最短期
限：
必須持有的最短期限由提名及薪酬委
員會代表本公司董事會決定，及於授
予時闡明。大新銀行集團舊計劃下現
有之認股權不得於由授予日起計1年
內行使。
(7) 申請或接受認股權須付金額以及付款
或通知付款的期限或償還有關貸款的
期限：
接受認股權應支付金額按每份認股權
1港元代價認購，及須於授予日起計
21天內或在達成其授予條件（如有）
之日期內繳訖。
(8) 行使價的釐定基準：
每份認股權之行使價乃由提名及薪酬
委員會代表本公司董事會以不得寬鬆
於《上市規則》第(9)條規定下，
按不低於以下之最高者作釐定：(i)本
公司股份在授予日於香港交易所買賣
之收市價；及 (ii)本公司股份在緊接
在授予日前5個交易日於香港交易所
買賣之平均收市價。於《公司條例》
（ 第622章 ）2014年3月3日 生 效 前
授出之認股權，在釐定每份認股權之
行使價時已考慮到本公司股本中每股
股份1港元之面值。（《公司條例》（第
622章）為所有於香港註冊成立有股
本的公司引入強制無面值制度，廢除
所有香港公司的股份面值的概念。自
2014年3月3日起，本公司之股份並
無面值。）
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報80
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
i) Share option schemes of the Company (Continued)
(9) Remaining life of the DSBG Schemes:
The Old DSBG Scheme was terminated on 27 May 2014
and all outstanding share options granted under the Old
DSBG Scheme and yet to be exercised shall remain valid.
The New DSBG Scheme shall be valid and effective for
a period of 10 years commencing from 27 May 2014 and
expiring at the close of 26 May 2024.
No share options had been granted under the New DSBG
Scheme since the date of its adoption to 31 December 2016.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
i) 本公司之認股權計劃（續）
(9) 該等大新銀行集團計劃尚餘有效期：
大新銀行集團舊計劃於2014年5月
27日終止，所有根據大新銀行集團舊
計劃授出而尚未行使之認股權仍然生
效。大新銀行集團新計劃由2014年5
月27日起計10年內有效，至2024年
5月26日屆滿。
大新銀行集團新計劃自採納日起至2016年
12月31日，並無任何認股權根據大新銀行
集團新計劃授出。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 81
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
i) Share option schemes of the Company (Continued)
Pursuant to the Old DSBG Scheme, certain Directors of the
Company and its major operating subsidiaries were granted
options under the Old DSBG Scheme. Details of the movements
during the year ended, and the status as at, 31 December 2016
of the Company’s outstanding share options which have been
granted under the Old DSBG Scheme are as follows:
認股權包含之本公司股份數目
Number of the Company’s shares in the options
於2016年 於2016年
1月1日 2016年內 2016年內 2016年內 12月31日
持有 (1) 授出 行使 註銷╱失效 持有 行使價 (1) 授出日 行使期 (2)
Cancelled/
Held at Granted Exercised lapsed Held at Exercise Grant Exercise
承授人 Grantee 1/1/2016 (1) during 2016 during 2016 during 2016 31/12/2016 price (1) date period (2)
（港元） （日╱月╱年） （日╱月╱年）
(HK$) (D/M/Y) (D/M/Y)
董事 Directors
王袓興 Harold Tsu-Hing Wong 2,907,927 – – – 2,907,927 12/12/2011 12/12/2012 –
12/12/2017
1,038,545 – (623,127)(4) – 415,418 21/12/2012 21/12/2013 –
21/12/2018
王伯凌 Gary Pak-Ling Wang 2,700,218 – – – 2,700,218 12/12/2011 12/12/2012 –
12/12/2017
934,691 – – – 934,691 21/12/2012 21/12/2013 –
21/12/2018
其他僱員總額 (3) Aggregate of other employees (3) 2,492,510 – – – 2,492,510 12/12/2011 12/12/2012 –
12/12/2017
1,557,817 – (810,067)(4) – 747,750 21/12/2012 21/12/2013 –
21/12/2018
249,251 – (62,313)(4) – 186,938 26/03/2014 26/03/2015 –
26/03/2020
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
i) 本公司之認股權計劃（續）
根據大新銀行集團舊計劃，本公司及其主
要營運附屬公司的若干董事獲授予大新銀
行集團舊計劃下之認股權。在大新銀行集
團舊計劃下授出但仍未行使之認股權截至
2016年12月31日止年度內之變動及年終結
餘之詳情如下：
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報82
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
i) Share option schemes of the Company (Continued)
Notes:
(1) Adjusted as a result of the Rights Issue of the Company
completed in May 2014. The key summary of related adjustments
had been announced by the Company on 8 May 2014.
(2) All the existing share options under the Old DSBG Scheme shall
be exercisable upon vesting in 5 equal tranches between the first
and fifth anniversaries from the date of grant.
(3) Share options were granted to certain eligible employees, who
are directors, senior executives or officers of the major operating
subsidiaries of the Company and are working under employment
contracts that are regarded as “continuous contracts” for the
purposes of the Employment Ordinance of Hong Kong.
(4) The weighted average closing price of the shares of the Company
immediately before the dates on which the options were exercised
during the year ended 31 December 2016 was HK$.
(5) Details of the computation of the value of options are shown in
Note 43 to the financial statements.
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company
The share option scheme of Dah Sing Financial Holdings
Limited (“DSFH”) adopted on 28 April 2005 (the “Old DSFH
Scheme”) had expired on 28 April 2015. On 27 May 2015, the
shareholders of DSFH approved the adoption of a new share
option scheme (the “New DSFH Scheme”). No further options
can be offered under the Old DSFH Scheme after its expiration
but the provisions of the Old DSFH Scheme remain in full force
and effect to the extent necessary to give effect to exercise of all
options granted prior to the expiration of the Old DSFH Scheme
but not yet exercised at the time of expiration.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
i) 本公司之認股權計劃（續）
註：
(1) 經本公司於2014年5月完成之供股而作出
調整。本公司已於2014年5月8日就相關
調整概要作出公佈。
(2) 所有根據大新銀行集團舊計劃下授出之認
股權於授出日起計第1個至第5個週年分5
批平均歸屬並可予以行使。
(3) 認股權乃授予若干合資格員工，彼等為本
公司主要營運附屬公司的董事、高級行政
人員或管理人員，並為香港僱傭條例下
「連續合約」工作的僱員。
(4) 截至2016年12月31日止年度內，本公司
股份在緊接認股權行使日期之前的加權平
均收市價為港元。
(5) 認股權價值之釐定詳情載於財務報表附註
43。
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃
大新金融集團有限公司（「大新金融」）於
2005年4月28日採納之認股權計劃（「大
新金融舊計劃」）已於2015年4月28日屆
滿。於2015年5月27日，大新金融股東通
過批准採納新認股權計劃（「大新金融新計
劃」）。於大新金融舊計劃屆滿後，無任何
認股權可根據大新金融舊計劃授出，惟大
新金融舊計劃之條文就大新金融舊計劃屆
滿前已授出但於屆滿時仍未行使之全部認
股權行使而言，仍具有十足效力及生效。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 83
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company (Continued)
In accordance with the requirements of the Listing Rules, a
summary of the Old DSFH Scheme and the New DSFH Scheme
(collectively the “DSFH Schemes”) is disclosed as follows:
(1) Purpose of the DSFH Schemes:
The purpose of the DSFH Schemes is to provide an
incentive and/or reward to grantees for their contribution
to, and continuing efforts to promote the interests of,
DSFH group of companies.
(2) Participants of the DSFH Schemes:
Any director, manager, or other employee holding an
executive, managerial or supervisory position in DSFH
group of companies as the Board may in its sole discretion
determine to be eligible to participate in the DSFH
Schemes.
(3) Total number of shares available for issue under the DSFH
Schemes and percentage of total number of issued shares
as at the date of this Report of the Directors:
Following the expiration of the Old DSFH Scheme, no
further share options can be granted under the Old DSFH
Scheme.
The number of shares available for issue under the New
DSFH Scheme and any other schemes is 16,753,755
shares, representing 5% of the total number of issued
shares of DSFH as at the date of this Report of the
Directors.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃（續）
根據《上市規則》，大新金融舊計劃及大新
金融新計劃（合稱「該等大新金融計劃」）概
括如下：
(1) 該等大新金融計劃的目的：
該等大新金融計劃的目的旨在激勵
及╱或回饋對大新金融集團旗下公司
作出貢獻及一直以來推動其利益而努
力之承授人。
(2) 該等大新金融計劃的參與人：
任何一位大新金融集團內各公司的董
事、經理或其他擔任行政、管理或主
管級職位之僱員，或由董事會行使唯
一酌情權決定該等大新金融計劃之合
資格參與人。
(3) 該等大新金融計劃中可予發行的股份
總數及其於本董事會報告書日期佔已
發行股份總數的百分率：
隨着大新金融舊計劃屆滿後，並無任
何認股權可根據大新金融舊計劃進一
步授出。
於本董事會報告書日期，大新金融新
計劃及任何其他計劃下可予發行之股
份數目為16,753,755股，佔大新金融
已發行股份總數5%。
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報84
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company (Continued)
(4) Maximum entitlement of each participant under the DSFH
Schemes:
No options may be granted to any eligible person which, if
exercised, would result in such eligible person becoming
entitled to subscribe for such number of shares as, when
aggregated with the total number of shares already issued
or to be issued to him under all options granted to him in
the 12-month period up to and including the offer date of
relevant options, exceed 1% of the shares in issue at such
date. Any grant of further options above the limit shall be
subject to the provisions of the DSFH Schemes and the
Listing Rules as amended from time to time.
(5) Period within which the shares must be taken up under an
option:
The exercise period is determined by the Nomination and
Remuneration Committee on behalf of the Board of DSFH,
and is specified when related options are granted. Shares
under the options must be taken up within 10 years from
the date of grant. All the existing share options under the
Old DSFH Scheme shall be exercisable upon vesting in
5 equal tranches between the first and fifth anniversaries
from the date of grant.
(6) Minimum period for which an option must be held before
it can be exercised:
The minimum holding period is determined by the
Nomination and Remuneration Committee on behalf of the
Board of DSFH, and is specified when related options are
granted. None of the existing share options under the Old
DSFH Scheme shall be exercisable within 1 year from the
date of grant.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃（續）
(4) 該等大新金融計劃中每名參與人可獲
授權益上限：
任何合資格人士其獲授予認股權可認
購之股份若行使後，加上給予其已發
行及將發行之股份總數在授予有關認
股權包括當日計過往12個月期間超過
已發行股份的1%，則不會獲授予認
股權。任何進一步授予高於上限之認
股權須遵守該等大新金融計劃之條款
及受不時修訂之《上市規則》所約束。
(5) 根據認股權可認購股份的期限：
行使期由提名及薪酬委員會代表大新
金融董事會決定，及於授予有關認股
權時闡明。股份須於有關認股權授予
日起計10年內認購。所有在大新金融
舊計劃下現有之認股權可於獲授予日
期起計第1個至第5個週年分5批平均
歸屬並可予以行使。
(6) 認股權行使之前必須持有的最短期
限：
必須持有的最短期限由提名及薪酬委
員會代表大新金融董事會決定，及於
授予時闡明。大新金融舊計劃下之現
行認股權不得於由授予日起計1年內
行使。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 85
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company (Continued)
(7) Amount payable on application or acceptance of the
option and the period within which payments or calls must
or may be made or loans for such purpose must be repaid:
The amount payable on acceptance of an option is HK$1
and must be made within 21 days upon offer of granting of
options or the date on which the conditions (if any) for the
offer are satisfied.
(8) Basis of determining the exercise price:
The exercise price per option share is concluded by the
Nomination and Remuneration Committee on behalf of
the Board of DSFH on the basis no less exacting than
the requirement set out in Rule (9) of the Listing
Rules and is determined as no less than the highest of (i)
the closing price of DSFH’s shares traded on the SEHK
on the date of grant; and (ii) the average closing price of
DSFH’s shares traded on the SEHK for the 5 business
days immediately preceding the date of grant. For options
granted before the commencement of the Companies
Ordinance (Cap. 622) on 3 March 2014, the nominal
value of the shares of HK$2 each in the capital of DSFH
had been taken into account in determining the exercise
price per option share. (The Companies Ordinance (Cap.
622) adopts a mandatory system of no nominal value for
all Hong Kong incorporated companies having a share
capital and abolishes the concept of nominal value for
all shares. With effect from 3 March 2014, the shares of
DSFH have no nominal value.)
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃（續）
(7) 申請或接受認股權須付金額以及付款
或通知付款的期限或償還有關貸款的
期限：
接受認股權應支付金額按每份認股權
1港元代價認購，及須於授予日起計
21天內或在達成其授予條件（如有）
之日期內繳訖。
(8) 行使價的釐定基準：
每份認股權之行使價乃由提名及薪酬
委員會代表大新金融董事會以不得
寬鬆於《上市規則》第(9)條規定
下，按不低於以下之最高者作釐定：
(i)大新金融股份在授予日於香港交易
所買賣之收市價；及 (ii)大新金融股份
在緊接在授予日前5個交易日於香港
交易所買賣之平均收市價。於《公司
條例》（第622章）2014年3月3日生效
前授出之認股權，在釐定每份認股權
之行使價時已考慮到大新金融股本中
每股股份2港元之面值。（《公司條例》
（第622章）為所有於香港註冊成立有
股本的公司引入強制無面值制度，廢
除所有香港公司的股份面值的概念。
自2014年3月3日起，大新金融之股
份並無面值。）
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報86
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company (Continued)
(9) Remaining life of the DSFH Schemes:
The Old DSFH Scheme had expired on 28 April 2015
and all outstanding share options granted under the Old
DSFH Scheme and yet to be exercised shall remain valid.
The New DSFH Scheme shall be valid and effective for a
period of 10 years commencing from 27 May 2015 and
expiring at the close of 26 May 2025.
No share options had been granted under the New DSFH
Scheme since the date of its adoption to 31 December 2016.
Pursuant to the Old DSFH Scheme, certain directors of the
Company and DSFH’s major operating subsidiaries were
granted options under the Old DSFH Scheme. Details of the
movements during the year ended, and the status as at, 31
December 2016 of the DSFH’s outstanding share options which
have been granted under the Old DSFH Scheme are as follows:
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃（續）
(9) 該等大新金融計劃尚餘有效期：
大新金融舊計劃於2015年4月28日屆
滿，所有根據大新金融舊計劃授出而
尚未行使之認股權仍然生效。大新金
融新計劃由2015年5月27日起計10
年內有效，至2025年5月26日屆滿。
大新金融新計劃自採納日起至2016年12月
31日，並無任何認股權根據大新金融新計
劃授出。
根據大新金融舊計劃，本公司及大新金融
主要營運附屬公司的若干董事獲授予大新
金融舊計劃下之認股權。在大新金融舊計
劃下授出但仍未行使之認股權截至2016年
12月31日止年度內之變動及年終結餘之詳
情如下：
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 87
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
b) Interests in options under share option schemes of the
Company and its associated corporation (Continued)
ii) Share option schemes of Dah Sing Financial Holdings
Limited, the holding company of the Company (Continued)
認股權包含之大新金融股份數目
Number of DSFH shares in the options
於2016年 於2016年
1月1日 2016年內 2016年內 2016年內 12月31日
持有 (1) 授出 行使 註銷╱失效 持有 行使價 (1) 授出日 行使期 (2)
Cancelled/
Held at Granted Exercised lapsed Held at Exercise Grant Exercise
承授人 Grantee 1/1/2016 (1) during 2016 during 2016 during 2016 31/12/2016 price (1) date period (2)
（港元） （日╱月╱年） （日╱月╱年）
(HK$) (D/M/Y) (D/M/Y)
董事 Director
王袓興 Harold Tsu-Hing Wong 260,767 – – – 260,767 12/12/2011 12/12/2012 –
12/12/2017
156,460 – – – 156,460 21/12/2012 21/12/2013 –
21/12/2018
其他 (3) Others (3) 260,767 – – – 260,767 12/12/2011 12/12/2012 –
12/12/2017
156,460 – – – 156,460 21/12/2012 21/12/2013 –
21/12/2018
Notes:
(1) Adjusted as a result of the Rights Issue of DSFH completed in
April 2014. The key summary of related adjustments had been
announced by DSFH on 29 April 2014.
(2) All the existing share options under the Old DSFH Scheme shall
be exercisable upon vesting in 5 equal tranches between the first
and fifth anniversaries from the date of grant.
(3) Share options were granted to certain employees of DSFH or
its subsidiaries, who are directors, senior executives or officers
of the major operating subsidiaries of DSFH and are working
under employment contracts that are regarded as “continuous
contracts” for the purposes of the Employment Ordinance of
Hong Kong.
(4) Details of the computation of the value of options are shown in
Note 43 to the financial statements.
董事及行政總裁權益（續）
乙） 在本公司及相聯法團之認股權計劃項
下所持之認股權權益（續）
ii) 本公司之控股公司大新金融集團有限
公司之認股權計劃（續）
註：
(1) 經大新金融於2014年4月完成之供股而作
出調整。大新金融已於2014年4月29日就
相關調整概要作出公佈。
(2) 所有根據大新金融舊計劃下授予各承授人
之認股權於授出日起計第1個至第5個週年
分5批平均歸屬並可予以行使。
(3) 認股權乃授予若干大新金融或其附屬公司
的員工，彼等為大新金融主要營運附屬公
司的董事、高級行政人員或管理人員，並
為香港僱傭條例下「連續合約」工作的僱
員。
(4) 認股權價值之釐定詳情載於財務報表附註
43。
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報88
INTERESTS OF DIRECTORS AND CHIEF EXECUTIVE
(Continued)
All the interests stated above represent long position. As at 31
December 2016, none of the Directors of the Company held any short
positions as defined under the SFO which are required to be recorded
in the register of directors’ and chief executives’ interests and short
positions.
Save as disclosed above, as at 31 December 2016, none of the
Directors or Chief Executive of the Company and their respective
associates had any interests or short positions in the shares,
underlying shares and debentures of the Company or any of its
associated corporations (within the meaning of Part XV of the SFO) as
recorded in the register required to be kept by the Company pursuant
to section 352 of the SFO, or as otherwise notified to the Company
and the SEHK pursuant to the Securities Model Code.
EqUITY-LINKED AGREEMENTS
Save for the share option schemes of the Company as disclosed
above, no equity-linked agreements were entered into by the
Company during the year or subsisted at the end of the year.
DIRECTORS’ MATERIAL INTERESTS IN TRANSACTIONS,
A R R A N G E M E N T S O R C O N T R A C T S T H A T A R E
SIGNIFICANT IN RELATION TO THE COMPANY’S
BUSINESS
No transactions, arrangements or contracts of significance in relation
to the Company’s business to which the Company, its subsidiaries
or its holding company was a party and in which a Director of the
Company or an entity connected with a Director had a material
interest, whether directly or indirectly, subsisted at the end of the year
or at any time during the year.
董事及行政總裁權益（續）
所有上述權益皆屬好倉。於2016年12月31日，
本公司依據「證券及期貨條例」而設置之董事及行
政總裁權益及淡倉登記冊內並無董事持有淡倉的
記錄。
除 上 文 所 披 露 者 外， 於2016年12月31日， 本
公司董事或行政總裁及其各自之聯繫人士概無於
本公司或其任何相聯法團（定義見《證券及期貨條
例》第XV部）之股份、相關股份及債券中擁有已在
本公司按《證券及期貨條例》第352條規定備存之
登記冊中記錄，或根據證券標準守則已知會本公
司及香港交易所之任何權益或淡倉。
股票掛鈎協議
除本公司認股權計劃於上文所披露外，本公司於
年內或年結時並無訂立任何股票掛鈎協議。
董事就本公司業務而言重要交易、安排或
合約之重大權益
於年度結束時或年內任何時間，本公司董事或其
關連實體概無任何直接或間接於任何本公司、其
附屬公司或其控股公司訂立之任何對本公司業務
有重大影響之交易、安排或合約中之重大權益。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 89
SUBSTANTIAL SHAREHOLDERS’ INTERESTS
As of 31 December 2016, the following are the persons, other than
the Directors and Chief Executive of the Company whose interests are
disclosed above, who had interests or short positions in the shares
and underlying shares of the Company as recorded in the register of
shareholders’ interests required to be kept by the Company pursuant
to section 336 of Part XV of the SFO or otherwise known to the
Company.
佔已發行股份總數之
權益百分比 (3)
Percentage of
所持股份數目 interests in the
股東 身份 Number of total number
Shareholder Capacity shares held of issued shares(3)
王嚴君琴 因其配偶擁有須予披露權益
而被視作持有權益
Christine Yen Wong Deemed interest by virtue of her
spouse having a notifiable interest 1,045,626,955(1)
大新金融集團有限公司 實益權益
Dah Sing Financial Holdings Limited Beneficial interest 1,045,461,643
滙豐國際信託有限公司 信託人及法團權益
HSBC International Trustee Limited Trustee and corporate interest 1,045,461,643(2)
Notes:
(1) Such shares represented the deemed share interest of Christine Yen
Wong by virtue of her spouse, David Shou-Yeh Wong being a substantial
shareholder of DSFH which held a controlling corporate interest in the
relevant share capital of the Company and interest in the Company held
through a company in which David Shou-Yeh Wong has a controlling
interest. Christine Yen Wong is taken to have a duty of disclosure
in respect of the deemed interest in the Company. These interests
comprise the same interest of David Shou-Yeh Wong under the heading
of “Interests of Directors and Chief Executive” above.
(2) Such shares represent DSFH’s corporate interest in the Company
indirectly held by HSBC International Trustee Limited (“HSBCIT”) in
trust for a discretionary trust established for the benefit of David Shou-
Yeh Wong and his family members. HSBCIT is taken to have a duty of
disclosure in relation to the relevant shares of the Company held through
its controlled companies. Related shares have been included in the
“Corporate interests” of David Shou-Yeh Wong as disclosed under the
heading of “Interests of Directors and Chief Executive” above.
(3) Percentage of interests held by each named shareholder was calculated
with reference to the total number of issued shares of the Company as
at 31 December 2016.
主要股東權益
於2016年12月31日，以下人士（本公司董事及行
政總裁之權益已於上文披露除外）於本公司股份
及相關股份中，持有本公司根據《證券及期貨條
例》第XV部第336條規定存置的股東權益登記冊
予以記錄或據本公司知悉的權益或淡倉。
註：
(1) 此等股份屬王嚴君琴被視作持有之權益，皆因其
配偶王守業乃大新金融之主要股東持有本公司相
關股本的控股法團權益及王守業透過其控股法團
持有本公司權益。王嚴君琴因此須就其被視作持
有之權益而作出披露。此等權益與王守業於上述
「董事及行政總裁權益」披露中所載持有本公司權
益相同。
(2) 此等股份屬由滙豐國際信託有限公司（「滙豐信
託」）作為就王守業及其家屬利益而成立之全權信
託受託人身份間接以大新金融在本公司之法團權
益而持有。滙豐信託須就由其操控公司持有本公
司相關股份而作出披露。相關股份已於上述「董
事及行政總裁權益」有關王守業的「法團權益」一
項中披露。
(3) 每位所述股東所持有之權益百分比乃根據本公司
於2016年12月31日之已發行股份總數計算。
董事會報告書
REPORT OF THE DIRECTORS
大新銀行集團有限公司 2016年年報90
SUBSTANTIAL SHAREHOLDERS’ INTERESTS (Continued)
All the interests stated above represent long positions. As at 31
December 2016, no short positions were recorded in the register of
shareholders’ interests in shares and short positions maintained by
the Company.
PERMITTED INDEMNITY PROVISION
Pursuant to the Company’s Articles of Association, every Director
and officer shall be entitled to be indemnified out of the assets of the
Company against all losses or liabilities (to the fullest extent permitted
by the Companies Ordinance (Cap. 622)) which he/she may sustain
or incur in or about the execution of the duties of his/her office or
otherwise in relation thereto. The Company has arranged appropriate
directors’ and officers’ liability insurance coverage for the Directors
and officers of the Group.
PURCHASE, SALE OR REDEMPTION OF SECURITIES
There was no purchase, sale or redemption by the Company, or any
of its subsidiaries, of the listed securities of the Company during the
year ended 31 December 2016.
MANAGEMENT CONTRACTS
No contracts concerning the management and administration of the
whole or any substantial part of the business of the Company were
entered into or existed during the year ended 31 December 2016.
DISTRIBUTABLE RESERVES
Distributable reserves of the Company at 31 December 2016,
calculated under sections 291, 297 and 299 of the Companies
Ordinance (Cap. 622) , amounted to HK$11,753,000 (2015:
HK$9,982,000).
CONNECTED TRANSACTIONS
Details of transactions with related parties of the Group for the year
ended 31 December 2016 have been set out in Note 42 to the financial
statements.
主要股東權益（續）
所有上述權益皆屬好倉。於2016年12月31日，
本公司之股東權益及淡倉登記冊內並無淡倉記
錄。
獲准許的彌償條文
根據本公司組織章程細則的規定，在《公司條例》
（第622章）最大程度准許之情況下，各董事及高
級人員就履行其職務或職責或有關的其他事情而
蒙受或招致之所有損失或責任，均有權獲得本公
司以其資產賠償。本公司已為本集團董事及高級
人員安排適當的董事及高級人員責任保險。
購買、出售或贖回股份
截至2016年12月31日止年度，本公司及其任何
附屬公司並無購買、出售或贖回任何本公司之上
市證券。
管理合約
截至2016年12月31日止年度，本公司並無就全
盤或其中重大部份業務簽訂或存有任何管理及行
政合約。
可供派發儲備
按照公司條例（第622章）第291、297及299條計
算，本公司於2016年12月31日之可供派發儲備
為11,753,000港元（2015年：9,982,000港元）。
關連交易
截至2016年12月31日止年度期間，本集團與其
關連人士之交易詳情，已載於財務報表附註42。
董事會報告書
REPORT OF THE DIRECTORS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 91
FIVE-YEAR FINANCIAL INFORMATION
The published results and the assets and liabilities of the Group for the
last 5 years are included in the section headed “Financial Summary”
of this Annual Report.
MAJOR CUSTOMERS
During the year ended 31 December 2016, the Group derived less
than 30% of interest income and other operating income from its 5
largest customers.
SUFFICIENCY OF PUBLIC FLOAT
The Company has maintained the prescribed public float under the
Listing Rules, based on the information that is publicly available to the
Company and within the knowledge of the Directors of the Company.
COMPLIANCE WITH THE RULES GOVERNING THE
LISTING OF SECURITIES ON THE STOCK EXCHANGE OF
HONG KONG LIMITED
The accompanying financial statements comply with the applicable
disclosure provisions of the Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited.
AUDITORS
The financial statements have been audited by PricewaterhouseCoopers
who retire and, being eligible, offer themselves for re-appointment.
A resolution for the re-appointment of PricewaterhouseCoopers as
auditors of the Company is to be proposed at the forthcoming annual
general meeting. The Company has not changed its auditors in the
preceding 3 years.
On behalf of the Board
David Shou-Yeh Wong
Chairman
Hong Kong, 22 March 2017
五年財務數據
本集團過去5年之公佈業績、資產及負債已載列
於本年報之「財務概要」內。
主要客戶
截至2016年12月31日止年度期間，少於30%之
利息收入及其他營運收入源自本集團最主要之首
5名客戶。
充足公眾持股量
就本公司所得之公開資料及本公司各董事所知，
本公司已維持根據《上市規則》所規定之公眾持股
量。
《香港聯合交易所有限公司證券上市規則》
之遵行
隨附之財務報表已遵照《香港聯合交易所有限公
司證券上市規則》之適用披露規定。
核數師
本財務報表已經羅兵咸永道會計師事務所審核，
該核數師任滿告退，但表示願應聘連任。在應屆
之股東週年大會中，將提呈動議續聘羅兵咸永道
會計師事務所為本公司核數師的議案。本公司在
過去3年內並無更換本公司核數師。
承董事會命
王守業
主席
香港，2017年3月22日
附屬公司董事
DIRECTORS OF SUBSIDIARIES
大新銀行集團有限公司 2016年年報92
The names of the directors who have served on the boards of the
subsidiaries of the Company during the year ended 31 December
2016 and up to 22 March 2017, being the date of the Report of the
Directors of Company for the year, are set out below:
(in alphabetical order)
Eric Edmund BARNETT
CHAN Seng-Lee
CHAN Sou-Chao (Kenneth CHAN)
CHAN Wai-Kin Cliff
CHENG Yu-Chung (Patrick CHENG)
CHIU Yuk-Fai Alick
Lon DOUNN
KONG Yiu-Fai (Eddie KONG)
LAU Shing-Tat Eddie
LEUNG Kwan-Yuen Andrew
LI Hau-Tak (Gary LI)
Nicholas John MAYHEW
NG Yuen-Tin
Richard Alexander OLLIVER
POON Clement
POON Kwok-Fai *
POON Wing-Fai Jimmy
SZE Tsai-To Robert
TO King-Yan Adam *
TSANG Yuk-Fong Elly *
WANG Pak-Ling Gary
WONG Hon-Hing (Derek WONG)
WONG Mei-Chun Phoebe
WONG Shou-Yeh David
WONG Tsu-Hing Harold
WOOCO NOMINEES LIMITED *
YAU Ho-Wing Vincent
YUEN Yat-To (Henry YUEN)
* Those who have resigned/ceased as a Director of the relevant
subsidiary(ies) of the Company.
於截至2016年12月31日止年度內及直至2017年
3月22日（即本公司之本年度董事會報告書日期）
止期間，出任本公司之附屬公司董事會的董事之
姓名如下：
（依英文姓氏次序排列）
Eric Edmund BARNETT
陳勝利
陳素酬
陳維堅
鄭羽冲
招煜輝
董樂明
江耀輝
劉成達
梁君彥
李厚德
麥曉德
吳源田
Richard Alexander OLLIVER
潘德誠
潘國輝 *
潘榮輝
史習陶
杜景仁 *
曾玉芳 *
王伯凌
黃漢興
王美珍
王守業
王祖興
WOOCO NOMINEES LIMITED *
游浩榮
袁逸圖
* 已經辭任╱不再擔任本公司有關附屬公司董事職
務。
截至2016年12月31日止年度For the year ended 31 December 2016
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合收益賬
CONSOLIDATED INCOME STATEMENT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 93
附註
Note 2016 2015
利息收入 Interest income 5,183,824 5,053,393
利息支出 Interest expense (1,546,305) (1,716,705)
淨利息收入 Net interest income 7 3,637,519 3,336,688
服務費及佣金收入 Fee and commission income 1,064,411 1,129,685
服務費及佣金支出 Fee and commission expense (228,494) (220,048)
淨服務費及佣金收入 Net fee and commission income 8 835,917 909,637
淨買賣收入 Net trading income 9 179,831 278,058
其他營運收入 Other operating income 10 67,202 62,559
營運收入 Operating income 4,720,469 4,586,942
營運支出 Operating expenses 11 (2,399,445) (2,239,658)
扣除減值虧損前之營運溢利 Operating profit before impairment losses 2,321,024 2,347,284
貸款減值虧損及其他信貸撥備 Loan impairment losses and
other credit provisions 14 (563,567) (496,352)
扣除若干投資及固定資產之收益 Operating profit before gains and losses
及虧損前之營運溢利 on certain investments and fixed assets 1,757,457 1,850,932
出售其他固定資產之淨虧損 Net loss on disposal of other fixed assets (306) (1,434)
投資物業公平值調整之淨收益 Net gain on fair value adjustment of
investment properties 13,462 2,323
出售可供出售證券之淨收益 Net gain on disposal of available-for-sale
securities 54,502 16,568
視同出售聯營公司投資之虧損 Loss on deemed disposal of investment
in an associate – (47,617)
應佔聯營公司之業績 Share of results of an associate 602,793 665,942
應佔共同控制實體之業績 Share of results of jointly controlled entities 18,593 21,945
除稅前溢利 Profit before taxation 2,446,501 2,508,659
稅項 Taxation 15 (301,043) (308,087)
年度溢利 Profit for the year 2,145,458 2,200,572
分配如下： Attributable to:
沒控制權股東 Non-controlling interests (33) (32)
本公司股東 Shareholders of the Company 2,145,491 2,200,604
年度溢利 Profit for the year 2,145,458 2,200,572
每股盈利 Earnings per share
基本 Basic 17 HK$ HK$
攤薄 Diluted 17 HK$ HK$
The notes on pages 99 to 277 are an integral part of these
consolidated financial statements.
第99頁至第277頁之附註乃本綜合財務報表之一
部分。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG截至2016年12月31日止年度 For the year ended 31 December 2016
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合全面收益表
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
大新銀行集團有限公司 2016年年報94
2016 2015
年度溢利 Profit for the year 2,145,458 2,200,572
年度其他全面收益 Other comprehensive income for the year
其後不會重新分類至綜合 Items that will not be reclassified subsequently to the
收益賬的項目： consolidated income statement:
行產 Premises
源自重新分類行產為投資物業 Reserves arising from reclassification of
之儲備 premises to investment properties 29,927 1,393
可能會重新分類至綜合 Items that may be reclassified to the
收益賬的項目： consolidated income statement:
證券投資 Investments in securities
確認於權益之可供出售證券 Fair value gains on available-for-sale
公平值收益 securities recognised in equity 317,719 59,093
公平值收益變現及轉移至收益賬： Fair value gain realised and
transferred to income statement upon:
－出售可供出售證券 – Disposal of available-for-sale securities (54,502) (16,568)
投資重估儲備變動之遞延稅項 Deferred income tax on movements
in investment revaluation reserve (47,455) 6,063
215,762 48,588
換算海外機構財務報表的匯兌差異 Exchange differences arising on translation
of the financial statements of foreign entities (361,896) (209,767)
扣除稅項後之年度其他全面虧損 Other comprehensive loss for the year, net of tax (116,207) (159,786)
扣除稅項後之年度全面收益總額 Total comprehensive income for the year, net of tax 2,029,251 2,040,786
分配如下： Attributable to:
沒控制權股東 Non-controlling interests (33) (32)
本公司股東 Shareholders of the Company 2,029,284 2,040,818
扣除稅項後之年度全面收益總額 Total comprehensive income for the year, net of tax 2,029,251 2,040,786
The notes on pages 99 to 277 are an integral part of these
consolidated financial statements.
第99頁至第277頁之附註乃本綜合財務報表之一
部分。
2016年12月31日 As at 31 December 2016
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合財務狀況表
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 95
附註
Note 2016 2015
資產 ASSETS
現金及在銀行的結餘 Cash and balances with banks 18 15,058,787 17,505,906
在銀行1至12個月內到期的存款 Placements with banks maturing
between one and twelve months 8,430,854 7,497,860
持作買賣用途的證券 Trading securities 19 8,871,844 8,572,394
指定以公平值計量且其變動計入 Financial assets designated
損益的金融資產 at fair value through profit or loss 19 279,056 217,796
衍生金融工具 Derivative financial instruments 20 1,177,322 1,079,328
各項貸款及其他賬目 Advances and other accounts 21 120,096,205 118,421,345
可供出售證券 Available-for-sale securities 22 32,739,236 24,199,788
持至到期證券 Held-to-maturity securities 23 10,223,840 10,476,296
聯營公司投資 Investment in an associate 24 4,253,393 4,099,217
共同控制實體投資 Investments in jointly controlled entities 25 75,412 71,119
商譽 Goodwill 27 811,690 811,690
無形資產 Intangible assets 27 58,640 59,805
行產及其他固定資產 Premises and other fixed assets 28 2,098,846 1,941,866
投資物業 Investment properties 29 964,447 991,376
即期稅項資產 Current income tax assets 2,791 2,680
遞延稅項資產 Deferred income tax assets 35 68,286 83,473
資產合計 Total assets 205,210,649 196,031,939
負債 LIABILITIES
銀行存款 Deposits from banks 2,318,203 1,550,911
衍生金融工具 Derivative financial instruments 20 1,343,418 1,458,432
持作買賣用途的負債 Trading liabilities 31 7,748,887 6,270,630
客戶存款 Deposits from customers 32 153,862,973 150,847,903
已發行的存款證 Certificates of deposit issued 33 6,559,976 6,231,837
後償債務 Subordinated notes 34 7,146,163 5,319,894
其他賬目及預提 Other accounts and accruals 2,972,623 2,620,814
即期稅項負債 Current income tax liabilities 160,096 201,978
遞延稅項負債 Deferred income tax liabilities 35 91,741 46,556
負債合計 Total liabilities 182,204,080 174,548,955
權益 EqUITY
沒控制權股東 Non-controlling interests 15,351 15,384
本公司股東應佔權益 Equity attributable to the
Company’s shareholders
股本 Share capital 38 6,869,593 6,853,504
其他儲備（包括保留盈利） Other reserves
(including retained earnings) 39 16,121,625 14,614,096
股東資金 Shareholders’ funds 22,991,218 21,467,600
權益合計 Total equity 23,006,569 21,482,984
權益及負債合計 Total equity and liabilities 205,210,649 196,031,939
Approved and authorised for issue by the Board of Directors on 22
March 2017.
David Shou-Yeh Wong Harold Tsu-Hing Wong
Director Managing Director
The notes on pages 99 to 277 are an integral part of these
consolidated financial statements.
董事會於2017年3月22日批准及授權發佈。
王守業 王祖興
董事 董事總經理
第99頁至第277頁之附註乃本綜合財務報表之一
部分。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG截至2016年12月31日止年度 For the year ended 31 December 2016
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合權益變動表
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
大新銀行集團有限公司 2016年年報96
本公司股東應佔權益
Attributable to the shareholders
of the Company
沒控制權
股東
股本 其他儲備 保留盈利 Non- 權益合計
Share Other Retained controlling Total
capital reserves earnings interests equity
2016年1月1日結餘 Balance at 1 January 2016 6,853,504 1,018,216 13,595,880 15,384 21,482,984
年度溢利 Profit for the year – – 2,145,491 (33) 2,145,458
年度其他全面收益 Other comprehensive income
for the year – (116,207) – – (116,207)
根據認股權發行之 Issue of ordinary shares
普通股股份 pursuant to exercise of
share options 16,089 (3,953) – – 12,136
以股權支付以股份作為 Provision for equity-settled
基礎報酬之撥備 share-based compensation – 1,101 – – 1,101
2015年末期股息 2015 final dividend – – (378,577) – (378,577)
2016年中期股息 2016 interim dividend – – (140,326) – (140,326)
2016年12月31日結餘 Balance at 31 December 2016 6,869,593 899,157 15,222,468 15,351 23,006,569
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG 截至2016年12月31日止年度（續） For the year ended 31 December 2016 (Continued)
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合權益變動表
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 97
本公司股東應佔權益
Attributable to the shareholders
of the Company
沒控制權
股東
股本 其他儲備 保留盈利 Non- 權益合計
Share Other Retained controlling Total
capital reserves earnings interests equity
2015年1月1日結餘 Balance at 1 January 2015 6,850,354 1,176,810 11,913,989 15,416 19,956,569
年度溢利 Profit for the year – – 2,200,604 (32) 2,200,572
年度其他全面收益 Other comprehensive income
for the year – (159,786) – – (159,786)
根據認股權發行之 Issue of ordinary shares
普通股股份 pursuant to exercise of
share options 3,150 (769) – – 2,381
以股權支付以股份作為 Provision for equity-settled
基礎報酬之撥備 share-based compensation – 1,961 – – 1,961
2014年末期股息 2014 final dividend – – (364,496) – (364,496)
2015年中期股息 2015 interim dividend – – (154,217) – (154,217)
2015年12月31日結餘 Balance at 31 December 2015 6,853,504 1,018,216 13,595,880 15,384 21,482,984
The notes on pages 99 to 277 are an integral part of these
consolidated financial statements.
第99頁至第277頁之附註乃本綜合財務報表之一
部分。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG截至2016年12月31日止年度 For the year ended 31 December 2016
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
綜合現金流量結算表
CONSOLIDATED STATEMENT OF CASH FLOWS
大新銀行集團有限公司 2016年年報98
附註
Note 2016 2015
經營活動之現金流量 Cash flows from operating activities
經營活動流入現金淨額 Net cash from operating activities 40(a) 1,696,992 2,484,441
投資活動之現金流量 Cash flows from investing activities
購置行產、投資物業及 Purchase of premises, investment
其他固定資產 properties and other fixed assets (257,474) (493,199)
出售行產、投資物業 Proceeds from disposal of premises,
及其他固定資產所得款項 investment properties and other fixed assets 138 23
投資活動所用現金淨額 Net cash used in investing activities (257,336) (493,176)
融資活動之現金流量 Cash flows from financing activities
發行普通股股份 Issue of ordinary shares
（已扣除發行股份費用） (net of share issue expenses) 12,135 2,381
發行後償債務 Issue of subordinated notes 1,929,703 –
支付已發行後償債務及債務 Interest paid on subordinated notes and
證券之利息 debt securities issued (277,626) (278,573)
派發普通股股息 Dividends paid on ordinary shares (518,903) (518,713)
融資活動流入╱（所用）現金淨額 Net cash from/(used in) financing activities 1,145,309 (794,905)
現金及等同現金項目增加淨額 Net increase in cash and cash equivalents 2,584,965 1,196,360
年初現金及等同現金項目 Cash and cash equivalents
at beginning of the year 17,150,328 16,081,441
匯率變更之影響 Effect of foreign exchange rate changes (113,207) (127,473)
年末現金及等同現金項目 Cash and cash equivalents
at end of the year 40(b) 19,622,086 17,150,328
The notes on pages 99 to 277 are an integral part of these
consolidated financial statements.
第99頁至第277頁之附註乃本綜合財務報表之一
部分。
（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 99
1. GENERAL INFORMATION
Dah Sing Banking Group Limited (the “Company”) and its subsidiaries
(together the “Group”) provide banking, financial and other related
services in Hong Kong, Macau, and the People’s Republic of China.
The Company is an investment holding company incorporated in
Hong Kong. The address of its registered office is 36th Floor, Dah Sing
Financial Centre, 108 Gloucester Road, Wanchai, Hong Kong.
The holding company is Dah Sing Financial Holdings Limited, a listed
company in Hong Kong.
These consolidated financial statements are presented in thousands
of Hong Kong dollars (HK$’000), unless otherwise stated. These
consolidated financial statements have been approved for issue by
the Board of Directors on 22 March 2017.
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES
The principal accounting policies applied in the preparation of these
consolidated financial statements are set out below. These policies
have been consistently applied to all the reporting years presented,
unless otherwise stated.
Basis of preparation
The consolidated financial statements of the Group have been
prepared in accordance with all applicable Hong Kong Financial
Reporting Standards (“HKFRSs” is a collective term which includes all
applicable individual Hong Kong Financial Reporting Standards, Hong
Kong Accounting Standards (“HKASs”) and Interpretations) issued by
the Hong Kong Institute of Certified Public Accountants (“HKICPA”),
accounting principles generally accepted in Hong Kong and the
requirements of the Hong Kong Companies Ordinance .
1. 一般資料
大新銀行集團有限公司（「本公司」）與其附屬公司
（統稱「本集團」）在香港，澳門及中國提供銀行、
金融及其他相關服務。
本公司乃一間在香港註冊的投資控股公司，註冊
地址為香港灣仔告士打道108號大新金融中心36
樓。
本公司之控股公司大新金融集團有限公司為香港
一間上市公司。
除另有註明外，此綜合財務報表概以港幣千元位
列示，並已於2017年3月22日獲董事會批准發
表。
2. 主要會計政策概要
以下為編製本財務報表所採納之主要會計政策，
除另有註明外，與過往財政年度所採納者一致。
編製基準
本集團之綜合財務報表按照香港會計師公會（「香
港會計師公會」）所頒佈之所有適用香港財務報告
準則（「香港財務報告準則」，為包括所有個別適
用的香港財務報告準則、香港會計準則（「香港會
計準則」）以及其詮釋之統稱），香港普遍採納之
會計原則及香港公司條例第622章而編製。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報100
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Basis of preparation (Continued)
These consolidated financial statements have been prepared under
the historical cost convention, as modified by the revaluation of
investment properties, available-for-sale financial assets, financial
assets and financial liabilities held for trading, and financial assets and
financial liabilities (including derivative instruments) designated at fair
value through profit or loss, which are carried at fair value.
The preparation of financial statements in conformity with HKFRSs
requires the use of certain critical accounting estimates. It also
requires management to exercise its judgement in applying the
Group’s accounting policies. Changes in assumptions may have
a significant impact on the financial statements in the period the
assumptions changed. Management believes that the underlying
assumptions are appropriate and that the Group’s f inancial
statements therefore present the financial position and results fairly.
The areas involving a higher degree of judgement or complexity,
or areas where assumptions and estimates are significant to the
consolidated financial statements are disclosed in Note 4.
(a) New and amended standards adopted by the Group
The following amendments to standards have been adopted by
the Group for the first time for the financial year beginning on or
after 1 January 2016:
• Clarification of acceptable methods of depreciation and
amortisation – Amendments to HKAS 16 and HKAS 38;
• Annual improvements to HKFRSs 2012 – 2014 cycle; and
• Disclosure initiative – amendments to HKAS 1.
The adoption of these amendments did not have any impact on
the current period or any prior period and is not likely to affect
future periods.
2. 主要會計政策概要（續）
編製基準（續）
此綜合財務報表乃根據歷史成本常規法編製，並
就投資物業、可供出售之金融資產、持作買賣用
途之金融資產及金融負債和指定以公平值計量且
其變動計入損益的金融資產及金融負債（包括衍
生工具）之重估作出調整，並按公平值列賬。
編製符合香港財務報告準則之財務報表須使用若
干重要之會計估計，亦須管理層在應用本集團會
計政策時作出判斷。採用之假設事項之任何變動
可能對在變動期間之財務報表造成重大影響。管
理層相信有關的假設事項屬恰當及本集團之財務
報表公平地呈列其財務狀況及業績。對涉及高度
判斷力或較複雜之範疇，或對綜合財務報表影響
重大之假設及估計，乃於附註4中披露。
（甲） 本集團採納之新及經修訂準則
以下為本集團於2016年1月1日或以後開始
之財政年度首次採納之準則修訂：
• 闡明折舊及攤銷之認可方法–香港會
計準則第16號及香港會計準則第38
號之修訂，
• 香港財務報告準則於2012年至2014
年週期內之年度修正，及
• 披露措施–香港會計準則第1號之修
訂。
採納該等修訂對本年度期間及過往任何年
度期間並無任何影響及不會對未來年度期
間有影響。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 101
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Basis of preparation (Continued)
(b) New standards and interpretations not yet adopted
A number of new standards and amendments to standards and
interpretations are effective for annual periods beginning after
1 January 2016, and have not been early adopted in preparing
these consolidated financial statements. None of these is
expected to have a significant effect on the consolidated
financial statements of the Group, except for the following
standards:
HKFRS 9, “Financial instruments”
The new standard addresses the classification, measurement
and derecognition of financial assets and financial liabilities,
introduces new rules for hedge accounting and a new
impairment model for financial assets.
The Group is still undertaking a detailed assessment of the
classification and measurement of financial assets and financial
liabilities. The derecognition rules have been transferred
from HKAS 39, “Financial instruments: recognition and
measurement” and have not been changed.
The new hedge accounting rules will align the accounting
for hedging instruments more closely with the Group’s
risk management practices. As a general rule, more hedge
relationships might be eligible for hedge accounting, as the
standard introduces a more principles-based approach. While
the Group is yet to undertake a detailed assessment, it would
appear that the Group’s current hedge relationships would
qualify as continuing hedges upon the adoption of HKFRS 9.
Accordingly, the Group does not expect a significant impact on
the accounting for its hedging relationships.
2. 主要會計政策概要（續）
編製基準（續）
（乙） 未採納之新準則及詮釋
編制綜合財務報表時並未提早採納一些於
2016年1月1日以後開始之年度期間生效之
新準則及準則之修訂和詮釋。除下列準則
外，預期沒有其他會對本集團之綜合財務
報表有重大影響︰
香港財務報告準則第9號《金融工具》
該新準則論述金融資產和金融負債之分
類、計量及確認，引入對沖會計處理之新
規定及金融資產之新虧損減值模式。
本集團仍對金融資產及金融負債之分類及
計量進行詳細評估。轉自香港會計準則第
39號《金融工具︰確認及計量》之撤銷確認
規定並無改變。
新對沖會計處理規定將令對沖工具之會
計處理與本集團之風險管理方式更緊密
聯繫。一般來說，由於準則引入一種較建
基於原則之方法，更多對沖關係將符合對
沖會計處理。儘管本集團仍未進行詳細評
估，本集團現時之對沖關係於採納香港財
務報告準則第9號時，似乎將會符合資格作
持續對沖。據此，本集團並不預期這對其
對沖關係之會計處理有重大影響。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報102
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Basis of preparation (Continued)
(b) New standards and interpretations not yet adopted
(Continued)
HKFRS 9, “Financial instruments” (Continued)
The new impairment model requires the recognit ion of
impairment provisions based on expected credit losses
rather than only incurred credit losses as is the case under
HKAS 39. It applies to financial assets classified at amortised
cost, debt instruments measured at fair value through other
comprehensive income, contract assets under HKFRS 15,
“Revenue from contracts with customers”, lease receivables,
loan commitments and certain financial guarantee contracts.
The Group is assessing how its impairment provisions would be
affected by this new standard.
The new standard also introduces expanded disclosure
requirements and changes in presentation. These are expected
to change the nature and extent of the Group’s disclosures
about its financial instruments particularly in the year of the
adoption of the new standard.
HKFRS 9 must be applied for financial years commencing on
or after 1 January 2018. Based on the transitional provisions
in the completed HKFRS 9, early adoption by phases was
only permitted for annual reporting periods beginning before 1
February 2015. After that date, the new rules must be adopted
in their entirety. The Group does not intend to adopt HKFRS 9
before its mandatory date.
2. 主要會計政策概要（續）
編製基準（續）
（乙） 未採納之新準則及詮釋（續）
香港財務報告準則第9號《金融工具》（續）
新信貸虧損模式要求根據預期信貸虧損（取
代香港會計準則第39號下之已產生信貸虧
損）確認減值撥備。其適用於分類為按攤餘
成本列賬之金融資產、按公平值計量且其
變動計入其他全面收益之債務工具、香港
財務報告準則第15號《來自客戶合約的收
入》項下之合約資產、租賃應收賬、貸款承
擔及若干財務擔保合約。本集團正評估該
新準則將會怎樣影響其減值撥備。
新準則並引入更多披露規定及呈列變更。
預期該等將改變本集團就有關金融工具之
披露性質及範圍，尤其於採納新準則之年
度。
香港財務報告準則第9號須於2018年1月
1日或以後開始之財政年度應用。根據香港
財務報告準則第9號終定本之過渡性條款，
分階段提早採納只容許於2015年2月1日前
開始之年度報告期間。此日期後，該新規
定必須全面採納。本集團並無計劃於必須
實行日期前採納香港財務報告準則第9號。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 103
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Basis of preparation (Continued)
(b) New standards and interpretations not yet adopted
(Continued)
HKFRS 15, “Revenue from contracts with customers”
The HKICPA has issued a new standard for the recognition of
revenue. This will replace HKAS 18 which covers contracts for
goods and services and HKAS 11 which covers construction
contracts. The new standard is based on the principle that
revenue is recognised when control of a good or service
transfers to a customer. The standard permits either a full
retrospective or a modified retrospective approach for the
adoption.
Management is currently assessing the effects of applying the
new standard on the Group’s financial statements and has
identified the following areas that are likely to be affected:
• revenue from service – the application of HKFRS 15
may result in the identification of separate performance
obl igat ions which could af fect the t iming of the
recognition of revenue,
• accounting for certain costs incurred in fulfilling a contract
– certain costs which are currently expensed may need to
be recognised as an asset under HKFRS 15, and
• rights of return under HKFRS 15 requires separate
presentation on the balance sheet of the right to recover
the goods from the customer and the refund obligation.
At this stage, the Group has not yet completed the estimate of
the impact of the new rules on the Group’s financial statements.
The Group will make more detailed assessments of the impact
over the next twelve months.
HKFRS 15 is mandatory for financial years commencing on or
after 1 January 2018. At this stage, the Group does not intend
to adopt the standard before its effective date.
2. 主要會計政策概要（續）
編製基準（續）
（乙） 未採納之新準則及詮釋（續）
香港財務報告準則第15號《來自客戶合約的
收入》
香港會計師公會已就收入之確認頒佈新準
則。其將取代涵蓋貨品及服務訂約之香港
會計準則第18號及涵蓋建築訂約之香港會
計準則第11號。新準則確認收入之原則乃
建基於客戶取得貨品或服務之控制權。該
準則容許一個全面性追溯或部份性追溯方
式之採納。
管理層現正評估應用新準則對本集團之財
務報表的影響及已認明以下方面可能受影
響︰
• 來自服務之收入–應用香港財務報告
準則第15號可能導致因需確認個別表
現責任而影響收入確認之時間，
• 履行合約時所產生之若干成本的會計
處理–若干現時當作費用支銷之成本
按香港財務報告準則第15號可能需要
確認為資產，及
• 香港財務報告準則第15號下之退回權
利規定收回客戶貨品之權利及退款責
任於資產負債表需分開呈列。
在現階段，本集團仍未完成估計新準則對
本集團財務報表之影響。本集團將於未來
十二個月內對影響作出更詳細評估。
香港財務報告準則第15號須於2018年1月
1日或以後開始之財政年度應用。在現階
段，本集團並無計劃於其生效日期前採納
該準則。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報104
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Basis of preparation (Continued)
(b) New standards and interpretations not yet adopted
(Continued)
HKFRS 16, “Leases”
HKFRS 16 will result in almost all leases being recognised on
the balance sheet, as the distinction between operating and
finance leases is removed. Under the new standard, an asset
(the right to use the leased item) and a financial liability to pay
rentals are recognised. The only exceptions are short-term and
low-value leases. Some of the commitments may be covered
by the exception for short-term and low value leases and some
commitments may relate to arrangements that will not qualify as
leases under HKFRS 16.
The accounting for lessors will not significantly change.
The standard will affect primarily the accounting for Group’s
operating leases. The Group has not yet determined to what
extent non-cancellable operating lease commitments will result
in the recognition of an asset and a liability for future payments
and how this will affect the Group’s profit and classification of
cash flows.
The new standard is mandatory for financial years commencing
on or after 1 January 2019. At this stage, the Group does not
intend to adopt the standard before its effective date.
There are no other HKFRSs or interpretations that are not yet
effective that would be expected to have a material impact on
the Group.
2. 主要會計政策概要（續）
編製基準（續）
（乙） 未採納之新準則及詮釋（續）
香港財務報告準則第16號《租賃》
由於經營租賃及融資租賃間之差別已消
除，香港財務報告準則第16號將導致差不
多所有租賃於資產負債表確認。根據新準
則，一項資產（使用該租賃項目之權利）及
一項支付租金之金融負債被確認。唯一例
外為短期及低值租賃。部分承擔可能包括
在例外之短期及低值租賃，而部分承擔可
能與安排有關而不符合為香港財務報告準
則第16號之租賃。
出租人之會計處理將不會重大改變。
該準則將主要影響本集團經營租賃之會計
處理。本集團仍未確定不可取消經營租賃
承擔將如何導致資產及未來償付負債之確
認和其將會怎樣影響本集團之溢利及現金
流之分類。
新準則須於2019年1月1日或以後開始之財
政年度應用。在現階段，本集團並無計劃
於其生效日期前採納該準則。
沒有其他仍未生效之香港財務報告準則或
詮釋會預期對本集團有重大影響。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 105
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Consolidation
The consol idated f inancial statements include the f inancial
statements of the Company and all its subsidiaries made up to 31
December.
(a) Subsidiaries
A subsidiary is an entity (including a structured entity) over
which the Group has control. The Group controls an entity
when the Group is exposed to, or has rights to, variable returns
from its involvement with the entity and has the ability to affect
those returns through its power over the entity. Subsidiaries are
consolidated from the date on which control is transferred to
the Group. They are deconsolidated from the date that control
ceases.
The acquisition method of accounting is used to account
for business combinations by the Group. The consideration
transferred for the acquisition of a subsidiary is the fair values
of the assets transferred, the liabilities incurred and the equity
interests issued by the Group. The consideration transferred
includes the fair value of any asset or liability resulting from
a contingent consideration arrangement. Acquisition-related
costs are expensed as incurred. Identifiable assets acquired
and liabilities and contingent liabilities assumed in a business
combination are measured initially at their fair values at the
acquisition date. On an acquisition-by-acquisition basis,
the Group recognises any non-controlling interest in the
acquiree either at fair value or at the non-controlling interest’s
proportionate share of the acquiree’s net assets.
The excess of the consideration transferred, the amount of any
non-controlling interest in the acquiree and the acquisition-date
fair value of any previous equity interest in the acquiree over
the fair value of the Group’s share of the identifiable net assets
acquired is recorded as goodwill. If the total of consideration
transferred, non-controlling interest recognised and previously
held interest measured is less than the fair value of the net
assets of the subsidiary acquired in the case of a bargain
purchase, the difference is recognised directly in the statement
of comprehensive income.
2. 主要會計政策概要（續）
綜合財務報表
綜合財務報表包括本公司及其所有附屬公司截至
12月31日止之財務報表。
（甲） 附屬公司
附屬公司是本集團可控制之實體（包括結構
性實體）。本集團可控制該實體是指當本集
團透過參與該實體而面對或有權獲取可變
的回報，且有能力藉着對該實體之權力影
響該等回報。自控制權轉移予本集團當日
起附屬公司作綜合計算，並由該控制權終
止之日起不再綜合計算。
本集團以收購會計法為本集團之業務合併
列賬。收購一間附屬公司所付出之代價為
已轉移資產、承擔之負債及本集團發行之
權益之公平值。所付出代價包括任何或然
代價安排之資產或負債之公平值。收購相
關之費用於產生時支銷。在業務合併過程
中取得所收購可被認明資產及承擔之負債
及或然負債，均於收購當日按其公平值作
出初始計量。本集團根據逐項收購基準按
公平值或按沒控制權股東應佔被收購者資
產淨值之比例確認任何被收購者之沒控制
權股東權益。
所付出之代價、任何沒控制權股東於被收
購者權益以及在收購日期於被收購者權益
之公平值超出本集團應佔所收購可被認明
淨資產之公平值，將列賬為商譽。如轉讓
代價、確認之非控股權益及過往所持權益
計算之總額在優惠價格收購中低於所收購
附屬公司淨資產的公平值，其差額將直接
在全面收益賬內確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報106
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Consolidation (Continued)
(a) Subsidiaries (Continued)
Inter-company transactions, balances and unrealised gains
on transactions between group companies are eliminated.
Unrealised losses are also eliminated unless the transaction
provides evidence of an impairment of the asset transferred.
Accounting policies of subsidiaries have been changed where
necessary to ensure consistency with the policies adopted by
the Group.
Impairment testing of the investments in subsidiaries is required
upon receiving a dividend from these investments if the dividend
exceeds the total comprehensive income of the subsidiary in
the period the dividend is declared or if the carrying amount of
the investment in the separate financial statements exceeds the
carrying amount in the consolidated financial statements of the
investee’s net assets including goodwill.
(b) Transactions with non-controlling interests
The Group treats transactions with non-controlling interests as
transactions with equity holders of the Company. For purchases
from non-controlling interests, the difference between any
consideration paid and the relevant share acquired of the
carrying value of net assets of the subsidiary is recorded in
equity. Gains or losses on disposals to non-controlling interests
are also recorded in equity.
When the Group ceases to have control, any retained interest
in the entity is remeasured to its fair value, with the change in
carrying amount recognised in profit or loss. The fair value is
the initial carrying amount for the purposes of subsequently
accounting for the retained interest as an associate, joint
venture or financial asset. In addition, any amounts previously
recognised in other comprehensive income in respect of that
entity are accounted for as if the Group had directly disposed
of the related assets or liabilities. This may mean that amounts
previously recognised in other comprehensive income are
reclassified to profit or loss.
2. 主要會計政策概要（續）
綜合財務報表（續）
（甲） 附屬公司（續）
集團內公司間之交易、結餘及未變現交易
收益已予抵銷。除非交易提供轉移資產減
值之證明，未變現虧損亦予以抵銷。附屬
公司之會計政策已作必要之變更以確保與
本集團採納之政策一致。
如從附屬公司投資所收取的股息超過在其
股息宣派期間所佔的全面收益總額，或在
其獨立財務報表內之投資賬面值超過在其
綜合財務報表內受投資方之淨資產（包括商
譽）的賬面值時，則須為該等投資作減值測
試。
（乙） 與沒控制權股東之交易
本集團把與沒控制權股東之交易視為與本
公司股本持有人之交易。在向沒控制權股
東權益作出之收購中，任何已付代價與收
購附屬公司有關股權之淨資產賬面值之差
額於權益賬確認。向沒控制權股東權益出
售之收益或虧損亦於權益賬確認。
倘本集團對該實體失去控制權，任何保留
權益將被重新計量至其公平值，賬面值之
變動於損益賬確認。日後對該保留權益作
聯營公司、共同控制實體或金融資產的會
計處理時，上述之公平值視為初始賬面
值。此外，任何就該實體曾確認為其他全
面收益之數額當作本集團直接出售有關資
產或負債處理，這代表曾確認為其他全面
收益之數額將重新分類至損益賬。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 107
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Consolidation (Continued)
(c) Associates
Associates are all entities over which the Group has significant
influence but not control. Investments in associates are
accounted for using the equity method of accounting and
are initially recognised at cost. The Group’s investment in an
associate includes goodwill (net of any accumulated impairment
loss) identified on acquisition.
The Group’s share of its associates’ post-acquisition profits
or losses is recognised in the income statement, and its share
of post-acquisition movements in reserves is recognised in
reserves. The cumulative post-acquisition movements are
adjusted against the carrying amount of the investment. When
the Group’s share of losses in an associate equals or exceeds
its interest in the associate, including any other unsecured
receivables, the Group does not recognise further losses, unless
it has incurred obligations or made payments on behalf of the
associates.
The Group determines at each reporting date whether there is
any objective evidence that the investment in the associate is
impaired. If this is the case, the Group calculates the amount of
impairment as the difference between the recoverable amount
of the associate and its carrying value and recognises the
amount adjacent to “share of results of an associate” in the
income statement.
Unrealised gains on transactions between the Group and its
associates are eliminated to the extent of the Group’s interest
in the associates. Unrealised losses are also eliminated unless
the transaction provides evidence of an impairment of the
asset transferred. Accounting policies of associates have been
changed where necessary to ensure consistency with the
policies adopted by the Group.
2. 主要會計政策概要（續）
綜合財務報表（續）
（丙） 聯營公司
聯營公司是指本集團可對其發揮重大影響
但不能控制的公司。聯營公司投資以權益
會計法處理，最初按成本入賬。本集團之
聯營公司投資包括收購時認明之商譽（扣除
任何累計減值虧損）。
本集團應佔聯營公司收購後的溢利或虧損
在收益賬中確認，本集團應佔其在收購後
儲備的變化在本集團的儲備確認。投資的
賬面值按累計收購後的變化作調整。除
非本集團有為聯營公司提供責任承擔或支
款，否則當本集團應佔聯營公司的虧損達
至或超過本集團在聯營公司的權益（包括其
他無抵押應收款）時，本集團不再確認額外
的虧損。
本集團會於各報告期確定聯營公司投資已
減值之客觀證據存在與否。倘情況屬實，
本集團按聯營公司可回收金額及其賬面值
之差額計算減值金額及緊接「應佔聯營公司
之業績」確認於收益賬。
本集團與其聯營公司間交易之未變現收益
按本集團應佔聯營公司權益的份額予以抵
銷。除非該交易提供轉移資產減值之證
明，未變現虧損亦予以抵銷。聯營公司之
會計政策已作必要之修正以確保與本集團
採納之政策一致。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報108
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Consolidation (Continued)
(c) Associates (Continued)
Dilution gains and losses in associate are recognised in the
income statement.
In the Company’s statement of financial position, the investments
in associates are stated at cost less provision for impairment
losses. The results of associates are accounted for by the
Company on the basis of dividend received and receivable.
(d) Jointly controlled entities
A joint venture is a contractual arrangement whereby the Group
and other parties undertake an economic activity, which is
subject to joint control and none of the participating parties has
unilateral control over the economic activity.
The results and assets and liabilities of jointly controlled entities
are accounted for using equity method of accounting. The
consolidated income statement includes the Group’s share
of the results of jointly controlled entities for the year, and
the consolidated statement of financial position includes the
Group’s share of the net assets of the jointly controlled entities.
2. 主要會計政策概要（續）
綜合財務報表（續）
（丙） 聯營公司（續）
在聯營公司之攤薄收益及虧損在收益賬內
確認。
在本公司之財務狀況表內，聯營公司投資
是按成本扣除減值撥備列賬。本公司對聯
營公司業績的會計處理是按已收取及應收
之股息入賬。
（丁） 共同控制實體
共同控制實體指本集團與其他人士以合約
協議方式共同進行經濟活動，該活動受合
營各方共同控制，任何一方均沒有單一之
控制權。
共同控制實體之業績、資產及負債按權益
會計法入賬。綜合收益賬包括本集團應佔
共同控制實體是年度業績，而綜合財務狀
況表則包括本集團應佔共同控制實體之資
產淨值。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 109
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Interest income and expense
Interest income and expense are recognised in the income statement
for all instruments measured at amortised cost, available-for-sale
securities and certain financial assets/liabilities designated at fair
value through profit or loss using the effective interest method.
The effective interest method is a method of calculating the amortised
cost of a financial asset or a financial liability and of allocating the
interest income or interest expense over the relevant period. The
effective interest rate is the rate that exactly discounts estimated
future cash payments or receipts through the expected life of the
financial instrument or, when appropriate, a shorter period to the
net carrying amount of the financial asset or financial liability. When
calculating the effective interest rate, the Group estimates cash
flows considering all contractual terms of the financial instrument (for
example, prepayment options) but does not consider future credit
losses. The calculation includes all fees and points paid or received
between parties to the contract that are an integral part of the effective
interest rate, transaction costs and all other premiums or discounts.
Once a financial asset or a group of similar financial assets has been
written down as a result of an impairment loss, interest income is
recognised using the rate of interest used to discount the future cash
flows for the purpose of measuring the impairment loss.
Fee and commission income and expense
Fees and commissions are generally recognised on an accrual basis
when the service has been provided. Loan syndication fees are
recognised as revenue when the syndication has been completed and
the Group retained no part of the loan package for itself or retained
a part at the same effective interest rate as the other participants.
Wealth management, financial planning and custody services that are
continuously provided over an extended period of time are recognised
rateably over the period the service is provided.
2. 主要會計政策概要（續）
利息收入及支出
所有按攤餘成本計量之工具、可供出售證券及若
干指定以公平值計量且其變動計入損益之金融資
產╱負債的利息收入及支出乃應用實際利率法確
認於收益賬內。
實際利率法乃是一種用以計算金融資產或金融負
債之攤餘成本及其於相關期內攤分利息收入或利
息支出的方法。實際利率指可將金融工具在預計
有效期間或較短期間（如適用）內之估計未來現金
收支貼現為該金融資產或金融負債之賬面淨值之
適用貼現率。在計算實際利率時，本集團按金融
工具之所有合約條款（如提早清還之行使權）而估
計其現金流量，但不考慮未發生之信貸損失。此
計算包括所有合約內交易雙方所收取或支付能構
成整體實際利息之費用及利率差價、交易成本及
所有其他溢價或折讓。
若一項金融資產或一組金融資產的價值因減值虧
損被調低，其利息收入則按計算有關減值虧損時
所應用以貼現未來現金流量之利率來計量確認。
服務費及佣金收入及支出
服務費及佣金一般當服務已提供時以應計基準確
認。銀團貸款費用於銀團貸款經已完成及本集團
並無自留任何貸款組合部份或按與其他參與者相
同之實際利率保留一部份時確認為收入。在某段
期間內持續提供的財富管理、財務策劃及託管服
務乃於服務期間按計費方式確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報110
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Dividend income
Dividends are recognised in the income statement when the Group’s
right to receive payment is established.
Financial assets
Classification
The Group classifies its financial assets in the following categories:
financial assets at fair value through profit or loss, loans and
receivables, held-to-maturity investments, and available-for-sale
financial assets. The classification depends on the purpose for which
the financial assets were acquired. Management determines the
classification of its financial assets at initial recognition, except for
subsequent reclassification meeting specified definition of relevant
asset reclassification.
(a) Financial assets at fair value through profit or loss
This category has two sub-categories: financial assets held for
trading, and those designated at fair value through profit or loss
at inception.
A financial asset is classified as held for trading if it is acquired
principally for the purpose of selling in the short term or if so
designated by management. Derivatives are also categorised as
held for trading unless they are designated as hedges.
The Group designates a financial asset upon initial recognition
as designated at fair value through profit or loss (fair value
option) if the following criteria are met:
(i) It eliminates or significantly reduces a measurement or
recognition inconsistency (sometimes referred to as “an
accounting mis-match”) that would otherwise arise from
measuring assets or recognising the gains and losses on
them on different bases;
(ii) A group of financial assets is managed and its performance
is evaluated on a fair value basis, in accordance with a
documented risk management or investment strategy, and
this is the basis on which information about the assets is
provided internally to the key management personnel such
as the Board of Directors and Chief Executive Officer; or
2. 主要會計政策概要（續）
股息收入
股息於本集團收取付款之權利獲確立時於收益賬
確認。
金融資產
分類
本集團將其金融資產歸為以下類別：以公平值計
量且其變動計入損益的金融資產、貸款及應收款
項、持至到期投資及可供出售金融資產。該分類
取決於購入該金融資產之目的。除於繼後當符合
有關資產重新分類之特定定義時作出的重新分類
外，各項金融資產分類於管理層作出投資時被確
認。
（甲） 以公平值計量且其變動計入損益的金
融資產
此類別可細分為兩小類：持作買賣用途之
金融資產及於購入時指定以公平值計量且
其變動計入損益的金融資產。
倘所購入之金融資產主要持作短期買賣用
途或倘由管理層於購入時如此指定，則歸
類為持作買賣用途。衍生工具除非指定作
為對沖用途，否則亦歸類為持作買賣用途。
本集團將於符合下列之條件時，於初始確
認時指定金融資產為指定以公平值計量且
其變動計入損益（以公平值列賬選擇）：
(i) 能消除或大幅地減低以不同基礎計量
或確認資產、或確認其損益而出現不
一致之情況（或稱為「會計錯配」）；
(ii) 根據列明之風險管理或投資策略管理
一組金融資產，並以公平值為基礎評
估其表現，及按相同基準向主要管理
層（如董事會及行政總裁）提供有關資
產的內部資料；或
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 111
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial assets (Continued)
Classification (Continued)
(a) Financial assets at fair value through profit or loss
(Continued)
(iii) Financial assets with embedded derivatives where the
characteristics and risks of the embedded derivatives are
not closely related to the host contracts.
Financial assets for which the fair value option is applied are
recognised in the statement of financial position as “Financial
assets designated at fair value through profit or loss”.
(b) Loans and receivables
Loans and receivables are non-derivative financial assets with
fixed or determinable payments that are not quoted in an active
market, other than: (a) those that the Group intends to sell
immediately or in the short term, which are classified as held
for trading, and those that the Group upon initial recognition
designates as at fair value through profit or loss; (b) those that
the Group upon initial recognition designates as available-
for-sale; or (c) those for which the Group may not recover
substantially all of its initial investment, other than because of
credit deterioration.
(c) Available-for-sale
Available-for-sale financial assets are non-derivatives that are
either designated in this category or not classified in any of
the other categories. Available-for-sale investments are those
intended to be held for an indefinite period of time, which may
be sold in response to needs for liquidity or changes in interest
rates, exchange rates or equity prices.
(d) Held-to-maturity
Held-to-maturity investments are non-derivative financial assets
with fixed or determinable payments and fixed maturities that
the Group’s management has the positive intention and ability
to hold to maturity.
2. 主要會計政策概要（續）
金融資產（續）
分類（續）
（甲） 以公平值計量且其變動計入損益的金
融資產（續）
(iii) 內嵌衍生工具的金融資產而該內嵌衍
生工具之特性及風險與主合約並非緊
密關連的。
應用以公平值列賬選擇之金融資產於財務
狀況表確認為「指定以公平值計量且其變動
計入損益的金融資產」。
（乙） 貸款及應收款項
貸款及應收款項為沒有活躍市場報價並具
固定或可釐定收款金額的非衍生金融資
產，除（甲）該等本集團有意即時或於短
期內出售並分類為持作買賣用途的金融資
產，及該等本集團在初始確認時指定為以
公平值計量且其變動計入損益的金融資產；
（乙）該等本集團在初始確認時指定為可供
出售的金融資產；或（丙）該等本集團因信
貸質素下降以外之原因而不能收回初始投
資主要部份。
（丙） 可供出售
可供出售金融資產乃被指定為此類者或並
無歸入任何其他類別之非衍生金融資產。
可供出售投資乃指有意作無期限持有但可
因應流動資金所需或利率、匯率或股票價
格變動而可出售的投資。
（丁） 持至到期
持至到期投資乃具固定或可釐定付款額及
固定到期日，而本集團管理層有明確意向
及能力持至到期之非衍生金融資產。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報112
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial assets (Continued)
Reclassification
The Group may choose to reclassify a non-derivative trading financial
asset out of the held-for-trading category if the financial asset is no
longer held for the purpose of selling it in the near term. Financial
assets are permitted to be reclassified out of the held-for-trading
category only in rare circumstances arising from a single event that
is unusual and highly unlikely to recur in the near term. In addition,
the Group may choose to reclassify financial assets that would meet
the definition of loans and receivables out of the held-for-trading
or available-for-sale categories if the Group has the intention and
ability to hold these financial assets for the foreseeable future or until
maturity at the date of reclassification. The Group may also reclassify
financial assets that no longer qualify for recognition as loans and
receivables to available-for-sale if the financial assets become quoted
in active market.
Reclassifications are made at fair value as of the reclassification date.
Fair value becomes the new cost or amortised cost as applicable, and
no reversals of fair value gains or losses before reclassification date
are subsequently made. Effective interest rates for financial assets
reclassified to loans and receivables and held-to-maturity categories
are determined at the reclassification date. Further increases
in estimates of cash flows from the financial assets will require
adjustment to the effective interest rates prospectively.
On reclassification of a financial asset out of the “at fair value through
profit or loss” category, all embedded derivatives are re-assessed
and, if necessary, separately accounted for.
2. 主要會計政策概要（續）
金融資產（續）
重新分類
本集團可選擇從持作買賣用途類別中重新分類一
項非衍生金融資產，倘若該金融資產不再持作短
期買賣用途。金融資產只有在出現一項不尋常及
極可能不重覆的單一事件的罕有情況下，方可被
批准從持有作買賣用途類別中重新分類。此外，
本集團可選擇從持有作買賣用途或可供出售類別
中重新分類符合貸款及應收款項定義之金融資
產，惟本集團於重新分類日須有意且有能力在可
見未來或直至到期日持有該等資產。本集團亦可
重新分類該等轉為有活躍市場報價的而不再符合
確認為貸款及應收款項之金融資產為可供出售金
融資產。
重新分類按在重新分類日之公平值入賬。按其公
平值成為新的成本值或攤餘成本值，重新分類日
前之公平值收益或虧損不能在其後作出回撥。重
新分類至貸款及應收款項和持至到期類別的金融
資產之實際利率於重新分類日釐定。當預期之現
金流進一步增加時，該金融資產之實際利率須作
出調整。
所有於「以公平值計量且其變動計入損益」類別之
金融資產內的內嵌衍生金融工具，將會於此等資
產重新分類時，予以重新評估及在有需要時分開
入賬。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 113
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial assets (Continued)
Recognition and measurement
Purchases and sales of financial assets are recognised on the trade
date – the date on which the Group commits to purchase or sell the
asset.
Financial assets are initially recognised at fair value plus transaction
costs for all financial assets not carried at fair value through profit or
loss. Financial assets carried at fair value through profit or loss are
initially recognised at fair value, and transaction costs are expensed
in the income statement. Financial assets are derecognised when the
rights to receive cash flows from the financial assets have expired or
the Group has transferred substantially all the risks and rewards of
ownership and the transfer qualifies for derecognition.
The bases for the determination of fair value of financial assets are set
out in Note (a).
(a) Financial assets at fair value through profit or loss
Gains and losses arising from changes in fair value of financial
assets held for trading and financial assets designated at fair
value at inception are included directly in the income statement
and are reported as part of “Net trading income”. Interest
income and expense derived from and incurred on financial
assets at fair value through profit or loss are included under “Net
interest income” in the income statement.
(b) Loans and receivables
Loans and receivables are carried at amortised cost less any
impairment loss. For loans and receivables that are subject
to fair value hedge arrangements, the hedged elements of the
loans and receivables hedged are carried at fair value.
2. 主要會計政策概要（續）
金融資產（續）
確認及計量
金融資產之買賣於交易日（本集團承諾買賣該資
產之日期）確認。
所有非以公平值計量且其變動計入損益之金融資
產，初始按公平值加交易成本確認。以公平值計
量且其變動計入損益之金融資產初始按公平值確
認，而交易成本則於收益賬支銷。當該等金融資
產之收取現金流之權利已失效或本集團已轉讓所
有風險及回報及該等轉讓符合撤銷確認之資格
時，則撤銷對該等金融資產之確認。
釐定金融資產公平值之基準載於附註（甲）。
（甲） 以公平值計量且其變動計入損益之金
融資產
持作買賣用途之金融資產及於購入時指定
以公平值計量之金融資產之公平值變動產
生之收益及虧損直接列入收益賬，並記錄
為「淨買賣收入」之一部分。以公平值計量
且其變動計入損益之金融資產產生之利息
收入及支出列入收益賬「淨利息收入」項下。
（乙） 貸款及應收款項
貸款及應收款項按扣除任何減值虧損後之
攤餘成本列示。對於該等以公平值對沖安
排下之貸款及應收款項，其被對沖部份按
公平值計量。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報114
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial assets (Continued)
Recognition and measurement (Continued)
(c) Available-for-sale
Available-for-sale financial assets are initially recognised at
fair value which is the cash given including any transaction
costs. They are measured subsequently at fair value with
gains and losses (except for impairment losses and foreign
exchange gains and losses on monetary assets classified
as available-for-sale) recognised in other comprehensive
income and accumulated in equity until the financial assets
are derecognised. Upon derecognition, the gains and losses
previously recognised in equity are reclassified into the income
statement.
If an available-for-sale financial asset is determined to be
impaired, the cumulative gain or loss previously accumulated in
equity is reclassified into the income statement.
Interest is calculated using the effective interest method and
recognised in the income statement. Foreign currency gains and
losses on monetary assets classified as available-for-sale are
recognised in the income statement. Dividends on available-for-
sale equity instruments are recognised in the income statement
under “Other operating income” when the Group’s right to
receive payment is established.
(d) Held-to-maturity
Held-to-maturity investments are initially recognised at fair
value including direct and incremental transaction costs and are
measured subsequently at amortised cost using the effective
interest method. They are derecognised when the rights to
receive cash flows have expired.
Interest is included in the income statement and is reported
as “Net interest income”. If a held-to-maturity investment
is determined to be impaired, the impairment is reported as
a deduction from the carrying value of the investment and
recognised in the income statement as impairment charge on
held-to-maturity investments.
2. 主要會計政策概要（續）
金融資產（續）
確認及計量（續）
（丙） 可供出售
可供出售金融資產按所付出之現金（包括任
何交易成本）之公平值作初始確認。隨後以
公平值計量，於其他全面收益項確認公平
值收益及虧損（減值虧損及界定為可供出售
貨幣資產之匯兌收益及虧損除外），並於權
益賬內累計，直至有關金融資產被終止確
認為止。終止確認時，曾確認於權益賬之
數額將重新分類至收益賬。
如可供出售金融資產被釐定為減值，以往
於權益賬內累計之收益或虧損重新分類至
收益賬。
利息使用實際利率法計算並於收益賬確
認。分類為可供出售之貨幣性資產之匯兌
收益及虧損於收益賬確認。可供出售股本
工具之股息於本集團收取付款之權利獲確
立時於收益賬「其他營運收入」項下確認。
（丁） 持至到期
持至到期投資（包括直接及新增交易成本）
按公平值作初始確認，其後使用實際利息
法按攤餘成本計量。持至到期投資在收取
現金流量之權利生效時撤銷。
利 息 列 入 收 益 賬， 並 呈 報 為「 淨 利 息 收
入」。倘持至到期投資被釐定為減值，該減
值呈報為投資賬面值之扣減，並於收益賬
確認為持至到期投資之減值提撥。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 115
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Impairment of financial assets
(a) Assets carried at amortised cost
The Group assesses at each end of the reporting period whether
there is objective evidence that a financial asset or group of
financial assets is impaired. A financial asset or a group of
financial assets is impaired and impairment losses are incurred
if there is objective evidence of impairment as a result of one
or more events that occurred after the initial recognition of the
asset (a “loss event”) and that loss event (or events) has an
impact on the estimated future cash flows of the financial asset
or group of financial assets that can be reliably estimated.
The criteria that the Group uses to determine that there is
objective evidence of an impairment loss include:
• Delinquency in contractual payments of principal or
interest;
• Cash flow difficulties experienced by the borrower (for
example, high debt-to-equity ratio, low net income as a
percentage of sales);
• Breach of loan covenants or conditions;
• Deterioration of the borrower’s competitive position;
• Deterioration in the value of collateral; and
• Downgrading below investment grade level.
The Group first assesses whether objective evidence of
impairment exists individually for financial assets that are
individually significant, and individually or collectively for
financial assets that are not individually significant. If the Group
determines that no objective evidence of impairment exists for
an individually assessed financial asset, whether significant or
not, it includes that asset in a group of financial assets with
similar credit risk characteristics and collectively assesses
them for impairment. Assets that are individually assessed for
impairment and for which an impairment loss is or continues to
be recognised are not included in a collective assessment of
impairment.
2. 主要會計政策概要（續）
金融資產減值
（甲） 以攤餘成本列賬之資產
本集團會於各個報告期末評估是否存在客
觀證據證明某項金融資產或一組金融資產
組別出現減值。惟當有客觀證據證明於首
次確認資產後發生一宗或多宗事件導致減
值出現（「虧損事件」），而該宗（或該等）虧
損事件對該項或該組金融資產之估計未來
現金流量構成可合理估計的影響，有關的
金融資產才算出現減值及產生減值虧損。
本集團確定減值虧損之客觀證據存在與否
所採用之準則包括：
• 拖欠償付合約本金或利息；
• 借款人陷於現金流困境（例如：高債
務對股本比率、低淨收益對銷售百分
率）；
• 違反貸款契約或條款；
• 借款人之競爭能力惡化；
• 抵押品價值下降；及
• 評級被調至低於投資級別。
本集團首先評估是否有客觀證據證明個別
重大的金融資產出現減值，或非個別重大
的金融資產個別或整體上出現減值。若集
團認為不存有任何客觀證據證明個別評估
的金融資產（不論是否屬重大）出現減值，
有關資產將撥入具同類信貸風險特徵的一
組金融資產內，由集團綜合評估該組資產
的減值。綜合的減值評估不包括已進行個
別減值評估並已確認或持續確認減值虧損
的資產。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報116
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Impairment of financial assets (Continued)
(a) Assets carried at amortised cost (Continued)
The amount of the loss is measured as the difference between
the asset’s carrying amount and the present value of estimated
future cash flows (excluding future credit losses that have
not been incurred) discounted at the financial asset’s original
effective interest rate. The carrying amount of the asset is
reduced through the use of an allowance account and the
amount of the loss is recognised in the income statement. If
a loan or held-to-maturity investment has a variable interest
rate, the discount rate for measuring any impairment loss is the
current effective interest rate determined under the contract.
As a practical expedient, the Group may measure impairment
on the basis of an instrument’s fair value using an observable
market price.
The calculation of the present value of the estimated future cash
flows of a collateralised financial asset reflects the cash flows
that may result from foreclosure less costs for obtaining and
selling the collateral, whether or not foreclosure is probable.
For the purposes of a collective evaluation of impairment,
financial assets are grouped on the basis of similar credit risk
characteristics (. on the basis of the Group’s grading process
that considers asset type, collateral type, overdue status and
other relevant factors). Those characteristics relevant to the
estimation of future cash flows for groups of such assets by
being indicative of the debtors’ ability to pay all amounts due
according to the contractual terms of the assets are considered.
Future cash flows in a group of financial assets that are
collectively evaluated for impairment are estimated on the
basis of the contractual cash flows of the assets in the group
and historical loss experience for assets with credit risk
characteristics similar to those in the group. Historical loss
experience is adjusted on the basis of current observable data
to reflect the effects of current conditions that did not affect the
period on which the historical loss experience is based and to
remove the effects of conditions in the historical period that do
not currently exist.
2. 主要會計政策概要（續）
金融資產減值（續）
（甲） 以攤餘成本列賬之資產（續）
虧損的金額為以資產的賬面值與按金融資
產原來的實際利率貼現估計之未來現金流
量（不包括未產生的日後信貸虧損）所得的
現值兩者間之差額計量。資產的賬面值透
過使用準備賬銷減，虧損金額則於收益賬
內確認。倘貸款或持至到期投資按浮動利
率計息，計量任何減值虧損之貼現率則為
合約下釐定的即期實際利率。作為可行之
權宜之計，本集團可按某工具可觀察得到
之市價為公平值之基礎計量其減值。
計算有抵押之金融資產的預計未來現金流
量的現值反映收回抵押品可能產生的現金
流量減除出售抵押品（不論抵押品是否可能
被沒收）的成本。
進行綜合減值評估時，金融資產按同類信
貸風險特性（即集團考慮資產類別、抵押
品類別、過往逾期情況及其他相關因素）分
類。對估計該等組別資產的未來現金流量
而言，能夠反映債務人按此等被評估資產
的合約條款償還全部債務能力的特質將會
被考慮。
一組共同進行減值評估的金融資產的未來
現金流量乃按該組資產的合約現金流量及
與該組資產具相若信貸風險特質的資產之
過往虧損經驗計算。過往虧損經驗乃按現
時可見的數據作出調整，以反映現有狀
況，及消除於過往期間出現但現時並不存
在的條件之影響。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 117
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Impairment of financial assets (Continued)
(a) Assets carried at amortised cost (Continued)
Estimates of changes in future cash flows for groups of assets
should reflect and be directionally consistent with changes in
related observable data from period to period (for example,
changes in unemployment rates, property prices, payment
status, or other factors indicative of changes in the probability of
losses in the group and their magnitude). The methodology and
assumptions used for estimating future cash flows are reviewed
regularly by the Group to reduce any differences between loss
estimates and actual loss experience.
When a loan is uncollectible, it is written off against the related
allowances for loan impairment. Such loans are written off
after all the necessary procedures have been completed and
the amount of the loss has been determined. Subsequent
recoveries of amounts previously written off decrease the
amount of the allowances for loan impairment in the income
statement.
If, in a subsequent period, the amount of the impairment loss
decreases and the decrease can be related objectively to an
event occurring after the impairment was recognised (such as
an improvement in the debtor’s credit rating), the previously
recognised impairment loss is reversed by adjusting the
allowance account. The amount of the reversal is recognised in
the income statement.
2. 主要會計政策概要（續）
金融資產減值（續）
（甲） 以攤餘成本列賬之資產（續）
估計某些資產之未來現金流量的改變，應
反映期間相關可見數據的改變（如失業率、
物業價格、付款情況，或其他可顯示該組
別損失機會及損失程度的改變）及一致的趨
勢。集團定期檢討用作估計未來現金流量
的方法及假設，以減少預計虧損及實際虧
損的差異。
當貸款未能償還時，將與其有關之貸款減
值準備抵銷。該貸款在完成所有必須程序
及能確定虧損金額後撤銷。如日後收回過
往已撤銷之款項，將可減低收益賬內的貸
款減值撥備。
倘於繼後期間，減值虧損金額減少，同時
客觀地與減值獲確認後發生的事項相關（例
如債務人信貸評級改善），則透過調整調撥
賬項將過往確認的減值虧損撥回。撥回的
金額於收益賬中確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報118
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Impairment of financial assets (Continued)
(b) Assets classified as available-for-sale
The Group assesses at each end of the reporting period
whether there is objective evidence that a financial asset or
a group of financial assets is impaired. In the case of equity
investments classified as available-for-sale, a significant or
prolonged decline in the fair value of the security below its
cost is considered in determining whether the assets are
impaired. If any such evidence exists for available-for-sale
financial assets, the cumulative loss measured as the difference
between the acquisition cost (net of any principal repayment
and amortisation) and the current fair value, less any impairment
loss on that financial asset previously recognised in the income
statement, is removed from equity and recognised in the
income statement. Impairment losses recognised in the income
statement on equity instruments are not reversed through the
income statement. If, in a subsequent period, the fair value of
a debt instrument classified as available-for-sale increases and
the increase can be objectively related to an event occurring
after the impairment loss was recognised in profit or loss, the
impairment loss is reversed through the income statement.
(c) Renegotiated loans
Loans that are either subject to col lect ive impairment
assessment or individually significant and whose terms have
been renegotiated are no longer considered to be past due but
are treated as new loans. In subsequent periods, the asset if
past due again is considered to be and disclosed as past due
loans.
2. 主要會計政策概要（續）
金融資產減值（續）
（乙） 分類為可供出售之資產
本集團會於各報告期末評估是否存在客觀
證據證明某項金融資產或某組別金融資產
出現減值。倘股本投資歸類為可供出售，
本集團會考慮證券公平值之重大或持續下
跌至低於其成本值來釐定證券有否出現減
值。倘存有證據顯示可供出售金融資產出
現減值，其累計虧損（已扣減任何本金還款
及攤銷之收購成本與現時公平值之差額）減
該金融資產以往於收益賬內確認之任何減
值則於權益賬撤銷，並於收益賬內確認。
於收益賬內確認的股本工具減值虧損不會
透過收益賬撥回。倘於繼後期間，被分類
為可供出售的債務工具的公平值增加，而
該增值可客觀地與減值虧損於收益賬確認
後出現的事件有關，減值虧損則於收益賬
中撥回。
（丙） 重訂條款之貸款
按綜合減值評估或個別重大且其條款已作
重訂之貸款，不再被當作逾期而是被視為
新的貸款。在繼後期間，倘若該貸款再次
逾期則會當作逾期貸款處理及披露。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 119
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial liabilities
Financial liabilities are classified into two categories: financial
liabilities at fair value through profit or loss and other financial
liabilities. All financial liabilities are classified at inception and
recognised initially at fair value and are derecognised when the
obligation is discharged, cancelled or expires. The bases for the
determination of fair value of financial liabilities are set out in Note
(a).
(a) Financial liabilities at fair value through profit or loss
This category has two sub-categories: financial liabilities held
for trading, and those designated at fair value through profit or
loss at inception.
A financial liability is classified as held for trading if it is incurred
principally for the purpose of repurchasing in the short term. It
is carried at fair value and any gains and losses from changes in
fair value are recognised in the income statement.
A financial liability is typically classified as fair value through
profit or loss at inception if it meets the following criteria:
(i) It eliminates or significantly reduces a measurement or
recognition inconsistency (sometimes referred to as “an
accounting mis-match”) that would otherwise arise from
measuring liabilities or recognising the gains and losses
on them on different bases; or
(ii) A group of f inancial l iabi l i t ies is managed and its
performance is evaluated on a fair value basis, in
accordance with a documented risk management or
investment strategy, and this is the basis on which
information about the liabilities is provided internally to
the key management personnel such as the Board of
Directors and Chief Executive Officer; or
(iii) Financial liabilities with embedded derivatives where the
characteristics and risks of the embedded derivatives are
not closely related to the host contracts.
2. 主要會計政策概要（續）
金融負債
金融負債歸類為兩個類別：以公平值計量且其變
動計入損益的金融負債及其他金融負債。所有金
融負債均於產生時分類，並初步以公平值確認及
在該責任已解除、取消或失效時終止確認。釐定
金融負債公平值的基準詳列於附註（甲）。
（甲） 以公平值計量且其變動計入損益的金
融負債
此類別細分為兩個小類別：持作買賣用途
之金融負債及於產生時指定以公平值計量
且其變動計入損益的金融負債。
倘金融負債主要為短期持有作購回用途，
則歸類為持有作買賣用途。此分類之負債
按公平值列示，而任何因公平值變動而產
生之收益及虧損均於收益賬內確認。
符合下列條件之金融負債一般歸類為於產
生時以公平值計量且其變動計入損益：
(i) 能消除或大幅地減低以不同基礎計量
或確認負債、或確認其損益而出現不
一致之情況（或稱為「會計錯配」）；或
(ii) 根據列明之風險管理或投資策略管理
一組金融負債，並以公平值為基礎評
估其表現，及按相同基準向主要管理
層（如董事會及行政總裁）提供有關負
債的內部資料；或
(iii) 內嵌衍生工具的金融負債而該內嵌衍
生工具之特性及風險與主合約並非緊
密關連的。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報120
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Financial liabilities (Continued)
(a) Financial liabilities at fair value through profit or loss
(Continued)
Financial liabilities designated at fair value through profit or loss
include the Group’s own debt securities in issue and deposits
received from customers that are embedded with certain
derivatives. Financial liabilities designated at fair value through
profit or loss are carried at fair value and any gains and losses
from changes in fair value are recognised under “Net trading
income” in the income statement.
(b) Other financial liabilities
Other financial liabilities are recognised initially at fair value
net of transaction costs incurred and are subsequently carried
at amortised cost. Any difference between proceeds net of
transaction costs and the redemption value is recognised in the
income statement over the period of the other financial liabilities
using the effective interest method.
If the Group purchases its own debt, it is removed from the statement
of financial position, and the difference between the carrying amount
of a liability and the consideration paid is accounted for as a gain or
loss in the income statement.
Derivative financial instruments and hedge accounting
Derivatives are initially recognised at fair value on the date on
which a derivative contract is entered into and are subsequently re-
measured at their fair value. The bases for the determination of fair
value of derivative financial instruments are set out in Note (a). All
derivatives are carried as assets when fair value is positive and as
liabilities when fair value is negative.
2. 主要會計政策概要（續）
金融負債（續）
（甲） 以公平值計量且其變動計入損益的金
融負債（續）
指定以公平值計量且其變動計入損益的金
融負債包括發行的債務證券及若干內嵌衍
生工具的客戶存款。以公平值計量且其變
動計入損益的金融負債按公平值列示，而
任何因公平值變動而產生之收益及虧損均
於收益賬內之「淨買賣收入」項下確認。
（乙） 其他金融負債
其他金融負債最初按扣除交易費用後之公
平值確認，其後以攤餘成本列賬。扣除交
易費用後所得款項與贖回價值兩者之差
額，按實際利率法於其他有關負債期間內
於收益賬確認。
倘本集團購買其本身債項，該債項將會自財務狀
況表中剝離，而負債的賬面值與已支付價格的差
額在收益賬列作收益或虧損。
衍生金融工具及對沖會計處理
衍生工具最初於訂立衍生工具合約之日按公平值
確認，其後按公平值重新計量。釐定衍生金融工
具公平值的基準詳列附註（甲）。當衍生工具
的公平值為正數時，均作為資產入賬；當公平值
為負數時，則作為負債入賬。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 121
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Derivative financial instruments and hedge accounting
(Continued)
Certain derivatives embedded in other financial instruments, such
as the conversion option in a convertible bond where it is not settled
by exchanging a fixed amount of cash or another financial asset for
a fixed number of own equity instrument, are treated as separate
derivatives when their economic characteristics and risks are not
closely related to those of the host contract and the host contract
is not carried at fair value through profit or loss. These embedded
derivatives are measured at fair value with changes in fair value
recognised in the income statement unless the Group chooses to
designate the hybrid contracts at fair value through profit or loss.
The method of recognising the resulting fair value gain or loss
depends on whether the derivative is designated as a hedging
instrument, and if so, the nature of the item being hedged. The
Group designates certain derivatives as hedges of the fair value
of recognised assets or liabilities. Hedge accounting is used for
derivatives designated in this way provided certain criteria are met.
The Group documents, at the inception of the transaction, the
relationship between hedging instruments and hedged items, as well
as its risk management objective and strategy for undertaking various
hedge transactions. The Group also documents its assessment,
both at hedge inception and on an ongoing basis, of whether the
derivatives that are used in hedging transactions are highly effective
in offsetting changes in fair values of hedged items.
(a) Fair value hedge
Changes in the fair value of derivatives that are designated
and qualify as fair value hedges are recorded in the income
statement under “Net trading income – Net gain/loss arising
from financial instruments subject to fair value hedge”, together
with any changes in the fair value of the hedged asset that are
attributable to the hedged risk.
If the hedge no longer meets the criteria for hedge accounting,
the adjustment to the carrying amount of a hedged item for
which the effective interest method is used is amortised to
profit or loss over the period to maturity and remains in retained
earnings until the disposal of the hedged item.
2. 主要會計政策概要（續）
衍生金融工具及對沖會計處理（續）
倘當其他金融工具之某些內嵌衍生工具（例如可
換股債券內之兌換期權當中並非以交換定額現金
或其他金融資產以抵銷其定額權益工具作清償）
的經濟性質及風險與主合約並無密切關係時，而
主合約並非以公平值計量且其變動計入損益賬，
則作為個別衍生工具處理。除本集團選擇指定該
混成合約為以公平值計量且其變動計入損益外，
此等內嵌之衍生工具按公平值計算，其公平值的
變動於收益賬內確認。
確認公平值收益或虧損的方法取決於該衍生工具
是否被指定為對沖工具，如屬者則須取決其對沖
項目之性質。本集團指定若干衍生工具為已確認
資產或負債公平值的對沖工具。以此方法指定並
符合若干條件的衍生工具應用對沖會計處理。
本集團於訂立交易時需記錄對沖工具與所對沖項
目的關係，並包括其風險管理目標及進行若干對
沖交易的策略。本集團亦於開始對沖後持續就其
用於對沖交易的衍生工具是否對對銷公平值變動
有顯著成效作出評估。
（甲） 公平值對沖
已指定並符合條件作公平值對沖的衍生工
具的公平值變動，連同與對沖風險相關的
對沖資產或負債的任何公平值變動，均於
收益賬內「淨買賣收入－以公平值對沖之金
融工具之淨收益╱虧損」項下入賬。
倘該對沖不再符合對沖會計處理的標準，
則應用實際利率法釐定該被對沖項目賬面
值的調整數，按到期前期間於收益賬內攤
銷及包含在保留盈利直至出售該被對沖項
目為止。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報122
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Derivative financial instruments and hedge accounting
(Continued)
(b) Derivatives that do not qualify for hedge accounting
Certain derivative instruments do not qualify for hedge
accounting. Changes in the fair value of any derivative
instrument that does not qualify for hedge accounting are
recognised immediately in the income statement under
“Net trading income”. For derivatives that are managed in
conjunction with designated financial assets or financial
liabilities, the gains and losses arising from changes in their
fair value are included under “Net trading income – Net gain/
loss arising from financial instruments designated at fair value
through profit or loss”.
Offsetting financial instruments
Financial assets and liabil it ies are offset and the net amount
reported in the statement of financial position when there is a legally
enforceable right to offset the recognised amounts and there is
an intention to settle on a net basis, or realise the asset and settle
the liability simultaneously. The legally enforceable right must not
be contingent on future events and must be enforceable in the
normal course of business and in the event of default, insolvency or
bankruptcy of the Company or the counterparty.
Sale and repurchase agreements
The liability to counterparties in respect of securities sold subject
to repurchase agreements (“repos”) is included in amounts due to
other banks, deposits from banks, or other accounts and accruals,
as appropriate. Securities purchased under agreements to resell
(“reverse repos”) are recorded as loans and advances to other banks
or customers, as appropriate. The difference between the sale and
repurchase price is treated as interest and accrued over the life of
the agreements using the effective interest method. Securities lent to
counterparties are also retained in the financial statements.
Securities borrowed are not recognised in the financial statements,
unless these are sold to third parties, in which case the purchases and
sales are recorded with the gain or loss included in trading income.
The obligation to return them is recorded at fair value as a trading
liability.
2. 主要會計政策概要（續）
衍生金融工具及對沖會計處理（續）
（乙） 不符合作對沖會計處理的衍生工具
若干衍生工具並不符合作對沖會計處理。
任何不符合作對沖會計處理的衍生工具的
公平值變動即時於收益賬內「淨買賣收入」
項下確認。就與指定金融資產或金融負債
一同管理之衍生工具而言，因其公平值變
動而產生之收益及虧損列入「淨買賣收入─
指定以公平值計量且其變動計入損益的金
融工具之淨收益╱虧損」項下。
對銷金融工具
倘有可執行法律權利對銷某些已確認金額及有意
以淨額基準結算或變現資產以同時清償負債時，
金融資產及負債將互相對銷，有關之淨款項於財
務狀況表內呈報。法定可強制執行權利必須沒有
附帶於未來事件，而在一般業務過程中以及倘本
公司或對手一旦出現違約，無償還能力或破產
時，仍可必須強制執行。
出售及回購協議
有關出售附有回購協議（「回購協議」）之證券所引
致之對交易對手負債已適當地包含在對其他銀行
之結欠、銀行存款或其他賬目及預提中之結餘。
按再售協議（「反向回購協議」）而購入之證券已
記錄在貸款及墊款予其他銀行或客戶貸款及墊款
中。出售價與回購價之差額當作利息處理及應用
實際利率法在該協議期限內計提。借予交易對手
之證券則保留在財務報表內。
借來之證券除已售予第三者且有關購入及出售記
錄於賬內及收益或虧損包括在買賣收入外，將不
會在財務報表內確認。借來證券之歸還責任則當
作交易負債以公平值入賬。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 123
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Repossessed assets
Loans on which collateral assets have been repossessed are not
derecognised and are carried in the statement of financial position
with appropriate amounts of impairment allowances made. In the case
of delinquent loans on which collateral assets have been foreclosed
and repossessed by the Group pursuant to legal arrangements or
court orders, and with the legal title of the assets having been passed
to the Group, such loans are derecognised. The foreclosed assets
held for resale are included in “Advances and other accounts – Other
assets”.
Segment reporting
Operating segments are reported in a manner consistent with the
internal reporting provided to the chief operating decision maker. The
chief operating decision maker is the person or group of persons that
allocates resources to and assesses the performance of the operating
segments of an entity. The Group has determined the Chief Executive
and members of the Executive Committee (“EC”) as its chief operating
decision maker.
All transactions between operating segments are conducted on
an arm’s length basis, with inter-segment revenues and costs
being eliminated on consolidation. Income and expenses directly
associated with each segment are included in determining operating
segment performance.
Based on the requirements of HKFRS 8, the Group has the following
segments: Personal Banking, Commercial Banking, Treasury,
Overseas Banking and Others.
Foreign currency translation
(a) Functional and presentation currency
Items included in the financial statements of each of the
Group’s entities are measured using the currency of the
primary economic environment in which the entity operates (the
“functional currency”). The consolidated financial statements
are presented in HK dollars, which is the Group’s presentation
currency and the functional and presentation currency of the
Company and major part of the Group.
2. 主要會計政策概要（續）
收回資產
已收回抵押品資產之貸款不會被撤銷，並在財務
狀況表內連同已作出之合適減值準備數額列賬。
就拖欠償付貸款而言，本集團根據司法安排或法
院法令而行使以物抵債權及回收其抵押品資產和
取得資產法定擁有權，相關之貸款已被終止確
認。該行使以物抵債權取得之資產持作再出售並
呈報於「各項貸款及其他賬目－其他資產」項下。
分項報告
營運業務分項之呈報方式與向主要營運決策人提
供之內部報告方式一致。主要營運決策人為向機
構分配資源並評估機構之營運分項表現之人仕或
一組人仕。本集團已指定行政總裁及執行委員會
（「執行委員會」）成員為其主要營運決策人。
所有營業分項間之交易按公平基準進行，分項之
間收益及成本於綜合賬內抵銷。在釐定營業分項
之表現時，會計入直接與各分項有關之收入及支
出。
根據香港財務報告準則第8號之規定，本集團有
以下分項：個人銀行、商業銀行、財資業務、海
外銀行及其他。
外幣換算
（甲） 功能及呈列貨幣
本集團旗下各機構之財務報表中所載項目
乃應用該機構營運之主要經濟環境所使用
之貨幣（「功能貨幣」）計量。綜合財務報表
乃以港幣呈列。港幣乃本集團之呈列貨幣
及本公司及本集團主要業務之功能及呈列
貨幣。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報124
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Foreign currency translation (Continued)
(b) Transactions and balances
Foreign currency transactions are translated into the functional
currency of the relevant entity using the exchange rates
prevailing at the dates of the transactions. Foreign exchange
gains and losses result ing from the sett lement of such
transactions and from the translation at year-end exchange
rates of monetary assets and liabilities denominated in foreign
currencies are recognised in the income statement.
All foreign exchange gains and losses recognised in the income
statement are presented net in the income statement within
the corresponding item. Foreign exchange gains and losses
on other comprehensive income items are presented in the
statement of comprehensive income within the corresponding
item.
In the case of changes in the fair value of foreign currency
denominated monetary assets classified as available-for-sale,
a distinction is made between translation differences resulting
from changes in amortised cost of the assets and other changes
in the carrying amount of the assets. Translation differences
related to changes in the amortised cost are recognised in the
income statement, and those related to changes in the carrying
amount, except for impairment, are recognised in equity.
Translation differences on non-monetary items, such as
investments in equity instruments held at fair value through
profit or loss, are reported as part of the fair value gain or loss.
Translation difference on certain other non-monetary items,
such as equities classified as available-for-sale financial assets,
are included in the fair value reserve in equity.
2. 主要會計政策概要（續）
外幣換算（續）
（乙） 交易及結餘
外幣交易按交易日現行之匯率換算為有關
機構的功能貨幣。該等交易結算及以外幣
結算之貨幣性資產或負債按年結日之匯率
換算所產生之匯兌收益及虧損，乃於收益
賬內確認。
所有於收益賬確認之外幣換算收益及虧損
按淨額於收益賬之相應項目下呈列。其他
全面收益項目之外幣換算收益及虧損於全
面收益賬之相應項目下呈列。
倘以外幣結算並分類為可供出售之貨幣性
資產之公平值變動，會就資產之攤餘成本
變動及資產賬面值其他變動產生之換算差
額作出區分。與攤餘成本變動有關之換算
差額於收益賬內確認，而與賬面值變動（減
值除外）有關之換算差額於權益賬內確認。
非貨幣性項目，如持有以公平值計量且其
變動計入損益的股本工具投資，其換算差
額將作為公平值收益或虧損之一部份呈
報。若干非貨幣性項目，如歸類為可供出
售之金融資產之權益證券，其換算差額則
列入權益內的公平值儲備。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 125
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Foreign currency translation (Continued)
(c) Group companies
The results and financial position of all the Group’s entities
(none of which has the currency of a hyperinflationary economy)
that have a functional currency different from the presentation
currency are translated into the presentation currency as
follows:
(i) assets and liabilities for each statement of financial
position presented are translated at the closing rate at the
date of that statement of financial position;
(ii) income and expenses for each income statement are
translated at average exchange rates (unless this average
is not a reasonable approximation of the cumulative effect
of the rates prevailing on the transaction dates, in which
case income and expenses are translated at the dates of
the transactions); and
(iii) all resulting exchange differences are recognised as a
separate component of equity.
Exchange differences arising from the above processes are
reported in shareholders’ equity under “Exchange reserve”.
On consolidation, exchange differences arising from the
translation of the net investment in foreign entities are taken to
shareholders’ equity. When a foreign operation is sold, such
exchange differences are recognised in the income statement
as part of the gain or loss on sale.
Goodwill and fair value adjustments arising on the acquisition of
a foreign entity are treated as assets and liabilities of the foreign
entity and translated at the closing rate.
2. 主要會計政策概要（續）
外幣換算（續）
（丙） 集團旗下公司
所有功能貨幣與呈列貨幣不同的集團實體
（其均非超通脹經濟之貨幣）之業績及財務
狀況按以下方式換算為呈列貨幣：
(i) 各財務狀況表所呈列之資產及負債按
財務狀況表之報告日期之收市匯率換
算；
(ii) 各收益賬之收入及支出按平均匯率換
算（倘此平均值並非該等交易日期通
行匯率的累積效果之合理約數，收入
及支出則按交易日匯率換算）；及
(iii) 所有兌換差額將確認為權益賬內一個
獨立項目。
上述過程產生之匯兌差異於股東權益賬「匯
兌儲備」項下呈報。
於綜合賬目時，換算國外機構淨投資所產
生之兌換差額，列入股東權益賬內。倘國
外業務被出售，該等兌換差額將列作出售
所得之部份收益或虧損在收益賬內確認。
因收購國外實體產生之商譽及公平值調
整，被當作該國外實體之資產及負債處
理，並按於結算日之匯率換算。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報126
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Premises and other fixed assets
Premises comprise mainly offices and shops. Leasehold land
classified as finance lease and all other fixed assets are stated at
historical cost less depreciation. Historical cost includes expenditure
that is directly attributable to the acquisition of the items.
Subsequent costs are included in the asset’s carrying amount or
recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will
flow to the Group and the cost of the item can be measured reliably.
The carrying amount of the replaced part is derecognised. All other
repairs and maintenance are expensed in the income statement
during the financial period in which they are incurred.
Leasehold land classified as finance lease commences amortisation
from the time when the land interest becomes available for its
intended use. Amortisation on leasehold land classified as finance
lease and depreciation on other assets is calculated using the
straight-line method to allocate their cost to their residual values over
their estimated useful lives, as follows:
– Premises Over the shorter of 50 years or
remaining period of lease
– Furniture, fittings, equipment Over the estimated useful lives
and motor vehicles generally between 3 and 10
years
The assets’ residual values and useful lives are reviewed, and
adjusted if appropriate, at each end of the reporting period.
An asset’s carrying amount is written down immediately to its
recoverable amount if the asset’s carrying amount is greater than its
estimated recoverable amount (Note ).
Gains and losses on disposals are determined by comparing the
proceeds with the carrying amount and are recognised in the income
statement.
2. 主要會計政策概要（續）
行產及其他固定資產
行產主要包括辦公室和商舖。被歸類為融資租賃
之租賃土地及其他固定資產按歷史成本減除折舊
載列。歷史成本包括直接歸屬於收購該等項目之
支出。
只有當一項資產可能給本集團帶來相關連之未來
經濟利益，以及該項目之成本可以可靠地釐定
時，該項資產之後期成本才會列於資產之賬面值
中或作為個別資產確認（視乎適合而定）。資產被
更換部份之賬面值會被撤銷確認。所有其他維修
開支均於產生之財政期間於收益賬內扣除。
被歸類為融資租賃之租賃土地從該土地權益投入
預定意向用途時開始攤銷。被歸類為融資租賃之
租賃土地的攤銷及其他資產的折舊應用直線法計
算，並按以下列示之可使用年期分攤其成本至餘
值：
－ 行產 於50年或剩餘租賃年期
兩者之間較短期者
－ 傢俬、裝置、 於估計使用年期（一般在
設備及汽車 3至10年之間）
資產之剩餘價值及使用年期於每個報告期末將被
評估，並在合適之情況下作出調整。
倘資產之賬面值高於其估計可回收金額，則該資
產之賬面值將即時被減值至其可回收金額（附註
）。
出售之收益及虧損按比較所得款項與賬面值釐定
及確認於收益賬內。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 127
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Investment properties
Property that is held for long-term rental yields or for capital
appreciation or both, and that is not occupied by the companies in the
consolidated Group, is classified as investment property.
Investment property is measured initially at its cost, including related
transaction costs.
After initial recognition, investment property is carried at fair value.
Fair value is based on active market prices, adjusted, if necessary,
for any difference in the nature, location or condition of the specific
asset. If this information is not available, the Group uses alternative
valuation methods such as recent prices on less active markets or
discounted cash flow projections. These valuations are performed in
accordance with the guidance issued by the International Valuation
Standards Committee. These valuations are reviewed annually by
external valuers. Investment property that is being redeveloped for
continuing use as investment property, or for which the market has
become less active, continues to be measured at fair value.
The fair value of investment property reflects, among other things,
rental income from current leases and assumptions about rental
income from future leases in the light of current market conditions.
Subsequent expenditure is charged to the asset’s carrying amount
only when it is probable that future economic benefits associated
with the item will flow to the Group and the cost of the item can
be measured reliably. All other repairs and maintenance costs are
expensed in the income statement during the financial period in which
they are incurred.
Changes in fair values are recognised in the income statement.
2. 主要會計政策概要（續）
投資物業
持作收取長期租金收益或獲取資本增值或兩者兼
得且並非由集團旗下公司所佔用之物業被歸類為
投資物業。
投資物業最初以成本值（包括相關交易費用）計
量。
在初始確認後，投資物業按公平值列賬。公平值
乃以活躍市場之價格為基礎，於需要時就特定之
資產性質、地點或狀況之任何差異作出調整。倘
該等資料無法得到，本集團則應用替代估值法，
例如按次活躍市場最近之價格或貼現現金流量預
測進行估值。該等估值乃依照國際估值準則委員
會頒佈之指引完成。該等估值每年由外聘估值師
進行。重建並持續用作投資物業之投資物業，或
其市場活躍度下降之投資物業繼續按公平值計
量。
投資物業之公平值反映（其中包括）現時租賃之租
金收入及按現行市況預期之未來租金收入。
只有當與該項目可能給本集團帶來關連之未來經
濟利益及該項目之成本可被可靠地計量時，後期
開支才會計入該資產之賬面值。所有其他維修支
出於其產生之相關財政期間記入收益賬內。
公平值變動於收益賬內確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報128
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Investment properties (Continued)
If an investment property becomes owner-occupied, it is reclassified
as premises and other fixed assets, and its fair value at the date of
reclassification becomes its cost for accounting purposes.
If an item of premises and other fixed assets becomes an investment
property because its use has changed, any difference resulting
between the carrying amount and the fair value of this item at the
date of transfer is recognised in equity as a revaluation of premises
and other fixed assets under HKAS 16. However, if a fair value gain
reverses a previous impairment loss, the gain is recognised in the
income statement.
Goodwill and intangible assets
Goodwill represents the excess of the cost of an acquisition over
the Group’s share of the net fair value of the identifiable assets and
liabilities of the acquiree as at the date of acquisition. Goodwill is
carried at cost less any accumulated impairment losses. Goodwill is
tested annually for impairment. Impairment losses on goodwill are not
reversed. Gains and losses on the disposal of an entity include the
carrying amount of goodwill relating to the entity sold.
Goodwill is allocated to cash-generating units for the purpose of
impairment testing. The allocation is made to those cash-generating
units or groups of cash-generating units that are expected to benefit
from the business combination on which the goodwill arose.
Intangible assets arising from an acquisit ion are recognised
separately from goodwill when they are separable or arise from
contractual or other legal rights, and their value can be measured
reliably. They include core deposits, contracts and customer
relationships intangible assets, and trade names. Intangible assets
are stated at cost less amortisation, and/or accumulated impairment
losses. Amortisation is calculated based on estimated useful life
ranging from 5 to 12 years using a diminishing balance method.
2. 主要會計政策概要（續）
投資物業（續）
倘投資物業由本集團旗下公司所佔用，則重新歸
類為行產及其他固定資產，其於重新歸類日期之
公平值將成為其成本值。
倘某些行產及其他固定資產因其用途改變而轉為
投資物業，根據香港會計準則第16號，該資產於
轉讓日之賬面值與公平值間任何差額，將當作行
產及其他固定資產之重估而確認於權益賬內。然
而，倘該公平值增值抵銷過往之減值虧損，該增
值則於收益賬內確認。
商譽及無形資產
商譽指收購之成本超逾本集團應佔被收購者於收
購日期之可認明資產及負債公平值淨值之金額。
商譽按成本減所有累積虧損列示。商譽將每年進
行減值測試。商譽的減值虧損不能回撥，出售實
體之收益及虧損包含該出售實體之商譽賬面值。
商譽須被分配至各現金產生單位以作為其減值測
試。所分配之單位為預期可受惠於產生該商譽之
業務合併之各現金產生單位或各組現金產生單
位。
倘因收購而產生之無形資產可與商譽獨立確認，
或倘因合約或其他法律權利而產生之無形資產，
及其價值可以可靠地估計，則無形資產與商譽分
開確認。無形資產包括核心存款、合約及客戶關
係無形資產，以及商標。無形資產根據預計使用
年期按成本減攤銷及╱或累積減值虧損列示。攤
銷按其介乎5至12年之預計使用年期以餘額遞減
法計算。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 129
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Impairment of goodwill, intangible assets and non-
financial assets
Assets that have an indefinite useful life or are not yet available
for use are not subject to amortisation, but are tested annually for
impairment. Assets are reviewed for impairment whenever events or
changes in circumstances indicated that the carrying amount may not
be recoverable. An impairment loss is recognised for the amount by
which the asset’s carrying amount exceeds its recoverable amount.
The recoverable amount is the higher of an asset’s fair value less costs
to sell and value in use. For the purposes of assessing impairment,
assets are grouped at the lowest levels (cash-generating units) for
which there are separately identifiable cash flows. Non-financial
assets other than goodwill that suffered an impairment are reviewed
for possible reversal of the impairment at each reporting date.
In the Company’s financial statements, impairment testing of the
investment in a subsidiary or an associate is also required upon
receiving dividend from that entity if the dividend exceeds the
Company’s share of the total comprehensive income of that entity
concerned in the period the dividend is declared or if the carrying
amount of that entity in the Company’s statement of financial position
exceeds the Company’s share of the carrying amount of that entity’s
net assets including goodwill in its consolidated statement of financial
position.
Current and deferred income tax
The tax expense for the period comprises current and deferred tax.
Tax is recognised in the income statement, except to the extent that
it relates to items recognised directly in other comprehensive income.
In such case, the tax is recognised in other comprehensive income
within the corresponding item.
The current income tax charge is calculated on the basis of the tax
laws enacted or substantially enacted at the end of the reporting
period in the countries where the Company’s subsidiaries, associates
and joint ventures generate taxable income. Management periodically
evaluates positions taken in tax returns with respect to situations
in which applicable tax regulation is subject to interpretation. It
establishes provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
2. 主要會計政策概要（續）
商譽、無形資產及非金融資產之減值
具無使用期限或未能使用之資產將不會被攤銷，
但每年須作減值測試。倘出現某些事件或環境變
化顯示其賬面值可能不可收回時，該等資產將作
減值檢查。資產賬面值超逾可收回金額之數額被
確認為減值虧損。可收回金額乃扣除出售費用後
之資產公平值及使用價值之較高者。該等資產按
最原始類別分類（現金產生單位）從而分別認明其
現金流，藉以用作減值評估用途。除商譽外，非
金融資產於各報告期就其減值之回撥可能性作出
審閱。
在本公司的財務報表，如從附屬公司或聯營公司
收取的股息超過其在該宣派年度的所佔全面收益
總額，或其在本公司之財務狀況表內的賬面值超
過在其綜合財務狀況表內包括商譽的所佔淨資產
值時，亦須為該等投資作減值測試。
即期及遞延稅項
本期稅項支出包括即期及遞延稅項。除直接於其
他全面收益確認之項目，其相關稅項在其他全面
收益之相應項目內確認外，稅項在收益賬內確
認。
即期稅項支出按照本公司之附屬公司、聯營公司
及合營公司其獲得應課稅收入之地區於報告期末
已頒佈或實質上已頒佈之稅法作為基準計算。管
理層定期就適用稅例內須作詮釋之情況評估報稅
表內之申報狀況，並在適當時按預計須繳付予稅
務機關之金額作為撥備基準。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報130
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Current and deferred income tax (Continued)
Deferred income tax is recognised, using the liability method, on
temporary differences arising between the tax bases of assets and
liabilities and their carrying amounts in the financial statements.
Deferred income tax is determined using tax rates that have been
enacted or substantially enacted by the end of the reporting period
and that are expected to apply when the related deferred income tax
asset is realised or the deferred income tax liability is settled.
Deferred income tax assets are recognised only to the extent that it is
probable that future taxable profit will be available against which the
temporary differences can be utilised. The tax effects of income tax
losses available for carry forward are recognised as an asset when it
is probable that future taxable profits will be available against which
these losses can be utilised.
Deferred income tax is provided on temporary differences arising on
investments in subsidiaries, associates and jointly controlled entities,
except where the timing of the reversal of the temporary difference
is controlled by the Group and it is probable that the temporary
difference will not reverse in the foreseeable future.
Deferred income tax related to investment properties is measured
according to the tax consequence on the presumption that they are
recovered entirely through sale.
Deferred income tax related to fair value re-measurement of available-
for-sale investments, which is charged or credited directly to equity,
is also credited or charged directly to equity and is subsequently
recognised in the income statement upon the realisation of relevant
investments.
Employee benefits
(a) Pension obligations
The Group offers a mandatory provident fund scheme and a
number of defined contribution plans, the assets of which are
generally held in separate trustee-administered funds. These
pension plans are funded by payments from employees and by
the relevant Group companies.
2. 主要會計政策概要（續）
即期及遞延稅項（續）
遞延稅項乃根據資產及負債的稅基值及其於財務
報表內賬面值之暫時差異按負債法確認。遞延稅
項應用於報告期末已經或基本已經實施及預計於
相關遞延稅項資產變現或遞延稅項負債清償時將
適用之稅率釐定。
倘暫時差異可用以對銷日後有可能出現之應課稅
溢利時，應列作遞延所得稅資產入賬。結轉稅項
虧損的稅務影響於該等虧損可用於抵銷未來可能
產生之應課稅利潤時確認為資產。
除非暫時差異之撥回由本集團控制及該暫時差異
很可能不會在可見未來撥回，本集團已就投資於
附屬公司、聯營公司及共同控制實體而產生之暫
時差異作出撥備。
有關投資物業之遞延稅項乃根據假設該等投資物
業是通過出售來回收其賬面值之稅務效應而計
量。
與重新計量可供出售投資之公平值相關之遞延稅
項，亦直接在權益賬扣除或計入權益賬，其後於
有關投資變現時於收益賬內確認。
僱員福利
（甲） 退休金責任
集團提供一項強制性公積金及多項界定供
款退休計劃，計劃之資產一般由獨立管理
之基金持有。退休金計劃由集團相關公司
與員工供款。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 131
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Employee benefits (Continued)
(a) Pension obligations (Continued)
The Group’s contributions to the mandatory provident fund
schemes and defined contribution retirement schemes are
expensed as incurred. Other than mandatory provident fund
contribution, the Group’s contributions may be reduced by
contributions forfeited by those employees who leave prior to
vesting fully in the contributions.
(b) Share-based compensation
The Group has the choice to pay the intrinsic value of the share
option or to issue new shares to a grantee at the date of exercise
under the share-based compensation plans. The total amount to
be expensed over the vesting period is determined by reference
to the fair value according to settlement type.
For cash-settled share-based compensation, the total cost is
the fair value of the options granted, with re-measurement at
each reporting period with any change in the cost recognised
in the income statement, with a corresponding credit or
adjustment to the “Liabilities”.
For equity-settled share-based compensation, the total cost is
measured and recognised based on the fair value of the equity
options at the grant date, with a corresponding credit to the
“Shared-based compensation reserve” in the shareholders’
funds. The total cost, which is fixed based on the fair value at
the grant date, is charged to income statement in accordance
with the terms of the vesting of the options over time. When
the options are exercised, the Company will issue new shares
to settle its obligation, and transfer applicable amount from the
“Share-based compensation reserve” to the “Share capital”
account.
(c) Employee leave entitlements
Employee entitlements to annual leave and long service leave
are recognised when they accrue to employees. An accrual is
made for the estimated liability for annual leave and long service
leave as a result of services rendered by employees up to the
end of the reporting period.
2. 主要會計政策概要（續）
僱員福利（續）
（甲） 退休金責任（續）
集團向強制性公積金計劃及界定供款退休
計劃支付之供款在已付時當作費用支銷。
除向強制性公積金供款外，集團可將員工
在未全數取得既得之利益前退出計劃而被
沒收之僱主供款用作扣減供款。
（乙） 以股份為基礎之報酬
在以股份作為基礎支付之報酬計劃中，本
集團可選擇於行使日向承授人支付認股權
的內在價值或發行新股份。於授出期間列
作支出之總額乃參考根據支付方式之公平
值釐定。
以現金支付之以股份作為基礎支付之報
酬，支出總額為所授出之認股權之公平
值。該公平值將於每個報告期內重新計
量，而任何成本變動於收益賬內確認及相
應調整和列於「負債」。
以股權支付之以股份作為基礎支付之報
酬，支出總額為所授出之認股權於授出日
之公平值，及相應金額於股東資金「以股
份作為基礎報酬之儲備」項下確認。於授
出日所釐定的支出總額將根據認股權期內
生效條款於收益賬內確認。在認股權被行
使時，本公司將會發行新股份以支付其承
擔，及於「以股份作為基礎報酬之儲備」轉
撥相關金額至「股本」項下。
（丙） 僱員應享假期
僱員應享年假和長期服務休假福利已在僱
員提供服務時確認。於截至報告期末已就
僱員提供服務而應享之年假及長期服務休
假之估計負債作出撥備。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報132
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Employee benefits (Continued)
(d) Bonus plans
Liabilities for bonus plans due wholly within twelve months after
the end of the reporting period are recognised when the Group
has a present or constructive obligation as a result of services
rendered by employees and a reliable estimate of the obligation
can be made.
Provisions
Provisions for restructuring costs and legal claims are recognised
when: the Group has a present legal or constructive obligation as
a result of past events; it is more likely than not that an outflow of
resources will be required to settle the obligation; and the amount
has been reliably estimated. Restructuring provisions comprise lease
termination penalties and employee termination payments. Provisions
are not recognised for future operating losses.
Where there are a number of similar obligations, the likelihood that an
outflow will be required in settlement is determined by considering the
class of obligations as a whole. A provision is recognised even if the
likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.
Leases
(a) Operating lease
Leases in which a significant portion of the risks and rewards of
ownership are retained by the lessor are classified as operating
leases. Payments made under operating leases (net of any
incentives received from the lessor) are expensed in the income
statement on a straight-line basis over the period of the lease.
Where the Group is a lessor under operating leases, assets
leased out are included in fixed assets in the consolidated
statement of financial position. They are depreciated over their
expected useful lives on a basis consistent with similar owned
fixed assets. Rental income (net of any incentives given to
lessees) is recognised on a straight-line basis over the lease
term.
2. 主要會計政策概要（續）
僱員福利（續）
（丁） 獎金計劃
當本集團因為僱員提供服務而產生之即時
或推定應付獎金責任，而有關金額須在報
告期末後12個月內償付並能可靠地估計
時，則該獎金計劃之負債將被確認。
撥備
倘本集團因過往事件而產生即時法律或推定責
任；可能須就解除責任而導致經濟資源流失之可
能性高於不會導致資源流失之可能性；及可就承
擔之款額作出可靠估計時，則需確認重組成本
及法律索償之撥備。重組撥備包括終止租賃罰金
及終止聘約付款。未來經營虧損則不會確認為撥
備。
倘有多項同類責任時，解除該等責任導致損失之
可能性按責任之類別作整體釐定。即使在同一類
別責任內任何一項目導致損失之可能性可能會很
小，亦需就此確認撥備。
租賃
（甲） 經營租賃
出租人仍保留重大風險及回報之租賃歸類
為經營租賃。經營租賃內之支出（經扣除收
取自出租人之任何優惠），於租賃期間以直
線法在收益賬中支銷。
根據經營租賃，倘本集團為出租人時，訂
約出租之資產在綜合財務狀況表列為固定
資產。該等資產按自有同類固定資產之基
準，於其預計使用年期內折舊。租金收入
扣除給予承租人之任何優惠後以直線法於
租賃期限內確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 133
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Leases (Continued)
(b) Finance lease
Leases of assets where the Group has substantially all the risks
and rewards of ownership are classified as finance leases.
Finance leases are capitalised at the lease’s commencement at
the lower of the fair value of the leased property and the present
value of the minimum lease payments. Each lease payment is
allocated between the liability and finance charges so as to
achieve a constant rate on the finance balance outstanding. The
corresponding rental obligations, net of finance charges, are
included as liabilities. The investment properties acquired under
finance leases are carried at their fair value.
Where the Group is a lessor under finance leases, the amounts
due under the leases, net of unearned finance income, are
recognised as a receivable and are included in “Advances and
other accounts”. Finance income implicit in rentals receivable is
credited to the income statement over the lease period so as to
produce a constant periodic rate of return on the net investment
outstanding for each accounting period.
Fiduciary activities
The Group commonly acts as trustees and in other f iduciary
capacities that result in the holding or placing of assets on behalf of
individuals, trusts and other institutions. These assets are excluded
from the Group’s financial statements, as they are not assets of the
Group.
Share capital
Ordinary shares are classified as equity. Incremental costs directly
attributable to the issue of new shares are shown in equity as a
deduction, net of tax, from the proceeds.
Dividends on ordinary shares are recognised as a liability in the
financial statements in the period in which they are approved by
shareholders.
2. 主要會計政策概要（續）
租賃（續）
（乙） 融資租賃
倘本集團重大地持有擁有權之所有風險及
回報，有關資產租賃則歸類為融資租賃。
融資租賃在租賃開始時按租賃物業之公平
值及最低租賃付款之現值中較低者作資
產化。每項租賃付款在負債及融資支出間
作出分配以達致未償融資餘額反映固定息
率。扣除融資支出後相應之租賃責任則包
括於負債內。根據融資租賃而收購之投資
物業按其公平值列值。
倘本集團為融資租賃出租人時，租賃項下
之應付款項（扣除尚未獲得之融資收益）確
認為應收賬款，並列入「各項貸款及其他賬
目」賬項內。隱含在租賃應收賬款之融資收
入於租賃期間撥入收益賬，以達致每個會
計期間就未償還之投資淨額之固定回報率。
受託業務
本集團一般以託管人及其他信託方式行事，代表
個人、信託及其他機構持有或存置資產。由於該
等資產及其所產生的收入並非本集團之資產，故
不會於本集團之財務報表中列賬。
股本
普通股股份被分類為權益，發行新股份應佔之新
增支出，於除稅後從實收款項中扣除，並呈列於
權益賬內。
普通股股份之股息在財務報表內獲股東批准之期
間確認為負債。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報134
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Cash and cash equivalents
For the purposes of the cash flow statement, cash and cash
equivalents comprise balances with less than three months’ maturity
from the date of acquisition, including: cash, balances with banks
and other financial institutions, treasury bills, other eligible bills and
certificates of deposit and investment securities which are readily
convertible to cash and are subject to an insignificant risk of changes
in value.
Financial guarantee contracts
Financial guarantee contracts are contracts that require the issuer
to make specified payments to reimburse the holder for a loss it
incurs because a specified debtor fails to make payments when due,
in accordance with the terms of a debt instrument. Such financial
guarantees are given to banks, financial institutions and other bodies
on behalf of customers to secure loans, overdrafts and other banking
facilities, and to other parties in connection with the performance of
customers under obligations related to contracts, advance payments
made by other parties, tenders, retentions and the payment of import
duties.
Financial guarantees are init ial ly recognised in the f inancial
statements at fair value on the date the guarantee was given.
Subsequent to initial recognition, the Group’s liabilities under such
guarantees are measured at the higher of the amount determined
in accordance with HKAS 37 “Provisions, Contingent Liabilities
and Contingent Assets” and the amount initially recognised less
cumulative amortisation recognised. Any changes in the liability
relating to financial guarantees are taken to the income statement.
Contingent liabilities and contingent assets
A contingent liability is a possible obligation that arises from past
events and whose existence will only be confirmed by the occurrence
or non-occurrence of one or more uncertain future events not wholly
within the control of the Group. It can also be a present obligation
arising from past events that is not recognised because it is not
probable that an outflow of economic resources will be required or the
amount of obligation cannot be measured reliably.
2. 主要會計政策概要（續）
現金及等同現金項目
就現金流量表而言，現金及等同現金項目包括由
購入日起計3個月內到期的結餘，包括現金、銀
行及其他金融機構結餘、國庫票據、其他合適投
資票據及存款證及可即時變現而不涉及重大風險
之證券投資。
財務擔保合約
財務擔保合約是指發行人須就某指定債務人未能
根據債務合約的條款支付到期債務時須向合約持
有人支付指定款項以償付其損失之合約。該等財
務擔保乃代表客戶授予銀行、金融機構及其他團
體以擔保其貸款、透支及其他銀行信貸，及有關
客戶履行合約責任、其他人士預付款項、投標、
留存及支付入口稅款而授予其他人士。
財務擔保最初於授予日時以公平值確認於財務報
表。在初始確認後，本集團之擔保負債以根據香
港會計準則第37號「準備、或然負債及或然資產」
釐定之數額及扣除確認累計攤銷後之初步確認數
額兩者之間之較高者計量。與財務擔保有關之負
債變動計入收益賬。
或然負債及或然資產
或然負債指因為過往事件而可能引起之承擔，而
其存在只能就集團控制範圍以外之一宗或多宗不
確定未來事件之出現而被確認。或然負債亦可能
是因為過往事件引致之現有承擔，但由於可能不
需要有經濟資源流失，或承擔金額未能可靠衡量
而未有記賬。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 135
2. SUMMARY OF S IGNIF ICANT ACCOUNTING
POLICIES (Continued)
Contingent liabilities and contingent assets (Continued)
A contingent liability is not recognised but is disclosed in the notes
to the financial statements. When a change in the probability of an
outflow occurs so that outflow is probable, it will then be recognised
as a provision.
A contingent asset is a possible asset that arises from past events
and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain events not wholly within the
control of the Group.
A contingent asset is not recognised but is disclosed in the notes
to the financial statements when an inflow of economic benefits is
probable. When such inflow is virtually certain, an asset is recognised.
3. FINANCIAL RISK MANAGEMENT
The Group’s activities expose it to a variety of financial risks and
those activities involve the analysis, evaluation, acceptance and
management of some degree of risk or combination of risks. Taking
risk is core to the financial business, and operational risks are an
inevitable consequence of being in business. The Group’s aim is
therefore to achieve an appropriate balance between risk and return
and minimise potential adverse effects on the Group’s financial
performance.
The Group’s risk management policies are designed to identify and
analyse these risks, to set appropriate risk limits and controls, and
to monitor the risks and adherence to limits by means of reliable and
up-to-date information systems. The Group regularly reviews its risk
management policies and systems to reflect changes in markets,
products and emerging best practice.
Risk management is carried out pursuant to the overall strategy and
policies approved by the Board of Directors. The Risk Management
and Compliance Committee (“RMCC”) under the authority delegated
by the Board oversee and guide the management of different risks
which are more particularly managed and dealt with by the Group
Risk Division (“GRD”) and different functional committees. In addition,
Internal Audit is responsible for the independent review of risk
management and the control environment.
2. 主要會計政策概要（續）
或然負債及或然資產（續）
或然負債不會被確認，但會在財務報表附註中披
露。假若資源流失之可能性改變而導致資源可能
流失，則被確認為撥備。
或然資產指因為過往事件而可能產生之資產，而
其存在只能就集團控制範圍以外之一宗或多宗不
確定事件之出現而被確認。
或然資產不會被確認，但會於經濟收益有可能獲
得時在財務報表附註中披露。若實質確定有收益
獲得時，則被確認為資產。
3. 財務風險管理
本集團之營運業務承受著不同之財務風險，該等
業務活動涉及分析、評估、接受及管理若干程度
之風險或組合風險。須承擔風險乃金融業務之核
心部份，而操作風險乃從事業務不可避免之後
果。因此，本集團之目標為適當地平衡風險與回
報，並將對本集團財務表現所潛在的不良影響減
至最低。
本集團之風險管理政策旨在認明及分析此等風
險，設定合適之風險額度和控制，監控風險及使
用可靠和先進之資訊系統以嚴守額度。本集團定
期審視其風險管理政策及系統以反映市場、產品
及最佳慣例之變化。
風險管理乃遵循董事會批准之整體策略和政策而
執行。董事會授權風險管理及合規委員會（「風險
管理及合規委員會」）監督及指導不同風險之管
理，並由集團風險部（「集團風險部」）及不同之功
能委員會專責管理和處理。此外，內部審核處負
責獨立審查風險管理及控制狀況。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報136
3. FINANCIAL RISK MANAGEMENT (Continued)
To further enhance the risk governance and risk management
standards, the Board has approved a Risk Strategy framework that
also covers the Group’s Risk Appetite Statement. The Risk Strategy
sets out the core values and high level risk management direction
of the Group, taking account of the overall business strategy and
direction. As for the Risk Appetite Statement, it sets out the tolerance
for the assumption of risk by the Group in the pursuit of return and
key corporate objectives and covers the areas including target
returns to shareholders, earnings volatility, solvency and other key
risk measures. The GRD is responsible for the ongoing monitoring
of the compliance with the Risk Appetite Statement and the regular
reporting of the status to the RMCC and the Board.
The most important types of risk are credit risk, liquidity risk, market
risk and operational risk. Market risk includes currency risk, interest
rate risk and other price risks.
Strategy in using financial instruments
The Group accepts deposits from customers at both fixed and floating
rates, and for various periods, and seeks to earn positive interest
margins by investing and lending these funds in a wide range of
assets. The Group seeks to increase these margins by consolidating
short-term funds and lending for longer periods at higher rates, while
maintaining sufficient liquidity to meet all claims that might fall due.
The Group also seeks to apply its interest margins through its
lending to commercial and retail borrowers and to charge customers
appropriate fees and commission, taking into consideration credit risk
and market conditions. Such exposures involve not just on-balance
sheet loans and advances, as the Group also enters into guarantees
and other commitments such as letters of credit, performance bonds
and other bonds.
The Group also trades in financial instruments where it takes positions
in exchange-traded and over-the-counter (“OTC”) instruments,
including derivatives, to take advantage of short-term market
movements in equities and bonds and in currency and interest rate.
The Board places trading limits on the level of exposures that can
be taken in relation to market positions. Apart from specific hedging
arrangements, foreign exchange and interest rate exposures are
normally offset by entering into counterbalancing positions (including
transactions with customers or market counterparties), or by the
use of derivatives, thereby controlling the variability in the net cash
amounts required to liquidate market positions.
3. 財務風險管理（續）
董事會已審定通過包含本集團風險偏好闡明之風
險策略框架以進一步提升風險管治及風險管理水
平。經考慮整體業務策略及方針後，該風險策略
制定了本集團之核心價值及其高層次之風險管理
方針。就風險偏好闡明而言，其制定本集團在追
求回報及主要企業目標中對風險假設事項之容忍
度，並涵蓋包括股東回報率的目標、盈利波幅、
償付能力及其他主要風險措施等範疇。集團風險
部負責持續監控、恪守風險偏好闡明及定期向風
險管理及合規委員會及董事會報告。
最主要之風險類別為信貸風險、流動資金風險、
市場風險和操作風險。市場風險包括外匯風險、
利率風險及定價風險。
應用金融工具策略
本集團接受定息或浮息及不同年期之客戶存款，
並以此取得之資金投資於各種類別的資產以賺取
息差收入。本集團尋求透過整合短期資金及按較
高利率借出較長期之款項以增加此等息差收入，
同時並保持足夠之流動資金以應付可能須付之所
有到期債務。
本集團亦按信貸風險及市場情況，透過向商業及
零售借款人貸款賺取息差，以及向客戶收取合理
費用及佣金。此等活動風險不單涉及資產負債表
內之貸款及墊款，亦涉及本集團提供擔保及其他
承擔，例如信用證、履約保證及其他保證。
本集團亦通過交易所及場外交易（「場外交易」）買
賣包括衍生工具之金融工具，藉著證券、債券、
貨幣及利率之短期波動賺取利潤。董事會制定交
易限額以控制不同程度之市場持倉風險。除指定
對沖安排外，有關外匯及利率之風險一般以訂立
對銷持倉（包括與客戶及市場對手之交易）或利用
衍生工具作對沖，藉此控制有關市場持倉套現之
現金淨值。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 137
3. FINANCIAL RISK MANAGEMENT (Continued)
Strategy in using financial instruments (Continued)
The Group also uses interest rate swap and other interest rate
derivatives to mitigate interest rate risk arising from changes in
interest rates that will result in decrease in the fair value of fixed rate
assets or increase in the fair value of fixed rate liabilities. Part of
these financial instruments are designated as fair value hedges, and
the terms of hedge including hedged item, amount, interest rates,
hedge period and purpose are determined and documented at the
inception of each fair value hedge. Hedge effectiveness is assessed
at inception on a prospective basis and is reassessed, on an ongoing
basis, based on actual experience and valuation. Fair value hedge
relationships that do not meet the effectiveness test requirement
of hedge accounting are discontinued with effect from the date of
ineffectiveness of the fair value hedge.
Credit risk
The Group’s main credit risk is that borrowers or counterparties
may default on their payment obligations due to the Group. These
obligations arise from the Group’s lending and investment activities,
and trading of financial instruments (including derivatives).
The Group has a Group Credit Committee (“GCC”) for approving
major credit exposures. The Credit Management Committee (“CMC”)
and the Treasury & Investment Risk Committee (“TIRC”) are the
committees responsible for credit policy formulation and portfolio
monitoring of the loan and treasury businesses respectively. These
committees are all chaired by the Chief Executive with certain
Executive Directors and senior business and credit officers as
members. Credit risk measurement, underwriting, approval and
monitoring requirements are detailed in credit policies.
The Group manages all types of credit risk on a prudent basis.
Credits are extended within the parameters set out in the credit
policies and are approved by different levels of management based
upon established guidelines and delegated authorities. Credit
exposures, limits and asset quality are regularly monitored and
controlled by management, credit committees and GRD. The Group’s
internal auditors also conduct regular reviews and audits to ensure
compliance with credit policies and procedures, and regulatory
guidelines.
3. 財務風險管理（續）
應用金融工具策略（續）
本集團亦應用利率掉期及其他利率衍生工具以減
輕因利率變動令定息資產公平值下降或定息有期
負債公平值上升之利率風險。若干金融工具被用
作公平值對沖，對沖項目之細節，包括被對沖項
目、金額、利率、對沖期及目的，皆於各公平值
對沖項目開始時被確定和記錄，亦於開始對沖時
按預期基礎評估及不時根據實際經驗及估價重新
評估對沖有效性。倘公平值對沖關係不符合對沖
會計的有效性測試標準，則對沖會計方法將於此
公平值對沖失效日起停止。
信貸風險
本集團之主要信貸風險為借款人或交易對手未能
履行對本集團之償款責任。此等責任乃源自本集
團之貸款及投資活動、以及金融工具之買賣（包
括衍生工具）。
本集團設有集團信貸委員會（「集團信貸委員會」）
負責批核重大的信貸風險敞口。信貸管理委員
會（「信貸管理委員會」）與財資及投資風險委員
會（「財資及投資風險委員會」）乃是分別負責制訂
貸款及財資業務之信貸政策及監察其組合之委員
會，該等委員會由行政總裁擔任主席並由若干執
行董事及高級業務及信貸人員組成。信貸風險計
量，承保、批核和監測之規定都詳列於信貸政策
內。
本集團以審慎基礎管理各類型的信貸風險。信貸
批核須規限在信貸政策所設定之參數之內，並且
須由各級管理層人員按既定之指引及授權批核。
管理層、信貸委員會及集團風險部會定期監察及
控制信貸風險敞口、信貸限額及資產質素。本集
團內部審核師亦會作定期檢閱及審核以確保信貸
政策，程序及規管指引得以遵從。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報138
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
The Group has established policies and processes for the approval
and review of new products and activities, and credit policies
with details of the loan grading, or credit scoring, processes and
impairment policies.
Credit risk measurement
(a) Loans and advances
In measuring credit risk of loans and advances to customers and
to banks and other financial institutions at a counterparty level,
the Group focuses on three components, namely (i) credit risk
of the client or counterparty; (ii) current exposures to client or
counterparty; and (iii) the amount of impairment allowances.
(i) The Group assesses the credit quality of corporate clients
using an internal rating tool. It is developed internally
and combines general credit analysis and judgements
of credit officers, and is reviewed, where applicable, by
comparison with externally available data. The Group’s
rating scale has 13 grades which are segmented into
three broad rating classes as shown in Note .
Credit exposures migrate between credit grades and
rating classes as the assessment of credit quality on the
borrower and business environment changes. The rating
tool is kept under review and upgraded as necessary.
Credit quality of personal clients is assessed using
established criteria in credit policies and external
market data from credit bureau. Loans to individuals not
relating to commercial banking business are monitored
on portfolio basis primarily based on their delinquency
status.
(ii) Current exposure represents the actual utilisation of a
credit facility and contractual obligations including both
outstanding exposure and undrawn commitment.
(iii) The assessment of individual and collective impairment is
detailed in Note .
3. 財務風險管理（續）
信貸風險（續）
本集團已就新產品及業務建立了有關審核及審閱
的政策與程序；亦已制定了信貸政策，內容包括
貸款評級或信貸評分、流程及減值政策各方面的
細節。
信貸風險計量
（甲） 貸款及墊款
本集團在評估按交易對手級別之客戶和銀
行及其他金融機構之貸款及墊款之信貸風
險時，集中考慮之3個因素為 (i)客戶或交易
對手之信貸風險；(ii)客戶及交易對手之現
有風險額；及 (iii)減值準備數額。
(i) 本集團按所擬定之內部評級方法來評
定企業客戶之信貸素質。該等方法為
內部研發，結合一般信貸分析和信貸
評審人員之判斷，且當外來所得之資
料獲得時與之進行對比。本集團客戶
將劃分為13種組別並歸納為3大評級
類別如呈列於附註內。當借款
人信貸素質評估及經營環境轉變時，
其風險將轉移至各不同信貸級別及評
級類別。評級方法將持續審查及於有
需要時更新。
個人客戶之信貸素質是基於信貸政策
中的既定準則及信貸局之外部市場數
據作出評估。與商業銀行業務無關之
個人授信基本上依據其拖欠情況以組
合基礎進行監察。
(ii) 現有風險額是指信貸額的實際使用額
及包括現存風險及未提取承擔之合同
責任。
(iii) 個別及綜合減值之評估在附註
內詳述。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 139
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Credit risk measurement (Continued)
(b) Credit-related commitments
Credit related commitments include bank guarantee, documentary
letter of credit, standby letter of credit and undrawn commitment
on legally bound facilities. Their credit risk is similar to loans except
for documentary letters of credit which are usually short term
and self-liquidating and carry a low level of credit risk and capital
charge.
(c) Debt securities and treasury bills
For debt securities and treasury bills, external credit ratings
from international credit rating agencies such as Standard &
Poor’s are used to assist in credit risk assessment on top of
internal credit analysis. These investments help to diversify
risk exposures and income streams, and to maintain a readily
available source of liquidity to the Group.
(d) Derivatives
In the normal course of business, the Group enters into a variety
of derivative transactions including forwards, futures, swaps
and options transactions in the interest rate, foreign exchange
and equity markets. Derivative transactions are conducted for
both trading and hedging purposes. The Group’s objectives in
using derivative instruments are to meet customers’ needs by
acting as an intermediary, to manage the Group’s exposure to
risks and to generate revenues through trading activities within
acceptable limits.
The Group is exposed to counterparty risk arising from its
positions in derivative financial instruments, which is either
“valuation risk” for the credit risk on receiving mark-to-market
gains upon the default of a counterparty prior to scheduled
settlement, or “settlement risk” for the possibility of not
receiving the expected cash flow of a derivative transaction
upon the expiry of a derivative contract on the settlement date.
3. 財務風險管理（續）
信貸風險（續）
信貸風險計量（續）
（乙） 信貸承擔
信貸承擔包括銀行擔保，跟單信用證，備
用信用證及未取用具法律約束力之貸款承
諾。除跟單信用證比較短期、自動清算及
帶有較低之信貸風險及資本要求外，其他
信貸風險跟貸款相約。
（丙） 債務證券及國庫票據
就債務證券及國庫票據而言，除內部信貸
分析外，亦採用國際評級機構如標準普爾
之外部信貸評級以輔助信貸風險評估。該
等投資用以分散風險及收入流轉，並且維
持本集團隨時可使用之流動資金來源。
（丁） 衍生工具
本集團在正常之業務中，進行一系列之衍
生工具交易，包括在利率、外匯及股票市
場進行之遠期、期貨、掉期及期權交易。
衍生工具交易乃因為買賣及對沖目的而進
行。本集團使用衍生工具之目的包括以中
介人身份滿足客戶之要求，管理本集團涉
及之風險，及在可接受的額度內獲得買賣
收入。
本集團面對來自金融衍生工具持倉之交易
對手風險，此為「估值風險」（交易對手在預
定結算前違約而當時按市值入賬為應收收
益的信貸風險）或「結算風險」（可能當衍生
工具合約在結算日到期時或之後不能收回
衍生工具交易的預期現金值）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報140
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Credit risk measurement (Continued)
(d) Derivatives (Continued)
The notional amounts of financial instruments do not necessarily
indicate the amounts of future cash flows involved or the current
fair value of the instruments and, therefore, do not indicate
the Group’s exposure to credit or price risks. The derivative
instruments become favourable (assets) or unfavourable
(liabilities) as a result of fluctuations in market interest rates,
foreign exchange rates, equity prices and credit market
conditions. The aggregate contractual or notional amount of
derivative financial instruments on hand, the extent to which
instruments are favourable or unfavourable, and thus the
aggregate fair values of derivative financial assets and liabilities,
can fluctuate significantly from time to time.
The Group maintains strict control limits on net open derivative
positions (., the difference between purchase and sale
contracts), by both amount and term. At any one time, the
amount subject to credit risk is limited to the current fair value of
instruments that are favourable to the Group (., assets where
their fair values are positive), which in relation to derivatives is
only a small fraction of the contract, or notional values used to
express the volume of instruments outstanding.
Risk limit control and mitigation policies
The Group has an established framework to manage and control
concentrat ions r isk with respect to indiv idual borrower or
counterparty group, industry or country. Exposure limits by borrower
or counterparty group, industry or country are in place and their
exposures are monitored and reported to credit committees regularly.
The large exposure limits to borrower or counterparty groups are
capital based while the limits for industry are relative to the size of the
overall credit portfolio. Country limits are also set up with reference to
the sovereign credit rating from international credit rating agencies. All
these limits aim to achieve a more balanced portfolio.
3. 財務風險管理（續）
信貸風險（續）
信貸風險計量（續）
（丁） 衍生工具（續）
金融工具之名義金額並不顯示該工具之未
來現金流量或其現時之公平值，故並不代
表本集團所需面對之信貸或價格風險。該
等衍生工具可因市場利率、匯率、證券價
格及信貸市場狀況波動，而變為有利（資
產）或不利（負債）。持有之衍生工具之合約
或名義金額，及其有利或不利之程度，能
令金融衍生工具資產及負債之公平總值不
時大幅波動。
本集團嚴格控制未平倉衍生合約淨額（即買
賣合約的差額）之金額及期限。於任何時
間，承受信貸風險之金額按有利於本集團
之工具現行公平價值（即公平值為正數之該
等資產）為限，此就衍生工具而言僅佔該等
工具未償還數量之合約或名義金額一小部
份。
減輕風險及控制額度之政策
本集團已就個別借款人或交易對手集團、行業或
國家設定框架管理及控制過度集中之風險。根據
借款人或交易對手集團、行業或國家之既定風險
額度，監察其風險狀況和向信貸委員會定期匯
報。
借款人或交易對手集團之最高風險額度是以資本
額釐定，而行業之額度則與整體信貸組合規模相
對應。國家之額度乃參考國際評級機構對主權國
之信貸評級而設定。所有設定的額度旨在達至更
為平衡的組合。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 141
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Risk limit control and mitigation policies (Continued)
To mitigate credit risk and where appropriate, the Group will obtain
collateral to support the credit facility granted. To control credit risk
exposure to counterparty arising from derivative positions, the Group
limits its derivative dealings with approved financial institutions, and
uses established market practices on credit support and collateral
settlement to reduce credit risk exposure to derivative counterparties.
Overall credit risk limit for individual financial institution counterparty,
including valuation l imit for derivat ives, is approved by the
GCC with reference to the financial strength and credit rating of
individual counterparty. The acceptable types of collateral and their
characteristics are established within the credit policies, as are the
respective margins of finance. Enforceable legal documentation
establishes the Group’s direct, irrevocable and unconditional
recourse to any collateral, security or other credit enhancements
provided.
In relat ion to lending commitments that are uncondit ional ly
cancellable without prior notice, the Group would assess the
necessity to withdraw the credit line in case where the credit quality
of a borrower deteriorates. Accordingly, these commitments do not
expose the Group to significant credit risk.
Irrespective of whether collateral is taken, all credit decisions are
based upon the customer’s or counterparty’s credit profile, cashflow
position and ability to repay.
(a) Loans and advances
The Group has guidelines on the acceptability of specific
classes of collateral for securing loans and advances. The
principal collateral types are:
• Mortgages over properties;
• Charges over business assets such as premises, inventory
and accounts receivable;
• Charges over financial instruments such as debt securities
and equities; and
• Charges over deposits.
3. 財務風險管理（續）
信貸風險（續）
減輕風險及控制額度之政策（續）
本集團於適當時，為減低信貸風險，會收取抵押
品作為信貸額的擔保。為控制因衍生工具淨盤而
產生之交易對手信貸風險，本集團限制其衍生工
具買賣對手為核准之金融機構，應用已建立之市
場慣例於信貸支援及抵押品之結算，減低衍生工
具對手之信貸風險。本集團信貸委員會參考個別
對手之財務能力及信貸評級，審批個別金融機構
之包括其於衍生工具之市值額度信貸總額。認可
之抵押品類別及其特性，及各類信貸與資產比率
皆設定於信貸政策內。訂立可強制性的法律條款
可讓本集團對抵押品、擔保物或其他為增強信貸
所提供的保障進行直接、不可撤銷及無條件的索
償。
就可無條件取消而不須預先通知之借貸承擔，當
借款人的信貸素質轉差，本集團將會評估撤銷信
貸額的需要性。據此，此等承擔並不對本集團構
成重大信貸風險。
所有信貸決定，無論有否收取抵押品，皆取決於
客戶或交易對手的信貸資料、現金流量情況及其
還款能力。
（甲） 貸款及墊款
本集團對特定類別抵押品能否用作擔保貸
款及墊款的可受性提供指引。主要抵押品
類別為：
• 抵押物業；
• 抵押業務資產如房產、存貨及應收
賬；
• 抵押金融工具如債務證券和股票；及
• 抵押存款。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報142
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Risk limit control and mitigation policies (Continued)
(a) Loans and advances (Continued)
In addition, in order to minimise credit loss, the Group will,
where possible, seek additional collateral from the borrower as
soon as impairment indicators are noticed on relevant individual
loans and advances.
(b) Debt securities
Debt securities and treasury bills are generally unsecured,
with the exception of asset-backed securities and similar
instruments, which are secured by portfolios of financial
instruments or underlying assets.
(c) Derivatives
All counterparty credit risk for derivatives trading are managed
as part of the credit risk control and monitoring process in
respect of the counterparty including credit controls such as
setting individual limit for valuation risk, daily settlement limits
and performing periodic credit assessment. Moreover, the
Group requires all derivative contract counterparties to enter
into International Swaps and Derivatives Association Agreement
or analogous master agreement in order to fol low the
standardised market practice of close-out netting arrangement
in the event of default or early termination.
Collateral arrangements with selected counterparties are also
in place to limit our unsecured derivative exposures to these
counterparties.
Impairment and provisioning policies
Impairment allowances are recognised for loans, securities and
derivative exposures which have objective evidence of impairment at
the end of the reporting period for financial reporting purposes (see
Note ).
3. 財務風險管理（續）
信貸風險（續）
減輕風險及控制額度之政策（續）
（甲） 貸款及墊款（續）
此外，當本集團察覺到與借款人有關之個
別貸款及墊款出現減值跡象時，會適當地
要求其提供額外抵押品以降低信貸損失。
（乙） 債務證券
除受金融工具組合或相關資產擔保之資產
抵押證券及同類工具外，債務證券及國庫
票據普遍為無抵押。
（丙） 衍生工具
管理衍生工具買賣的所有交易對手之信貸
風險為管理交易對手之信貸風險控制及監
控程序之一部份，包括信貸控制如設定價
值風險之獨立限額、每日結算限額及進行
定期信貸評估。此外，本集團為了遵循於
違約事件或提前終止合約之標準市場常規
淨額平倉安排，要求所有衍生合約之交易
對手簽訂國際掉期及衍生合約協會之協議
或類似之主協議。
本集團亦安排特定交易對手提供抵押，藉
以減低對該等交易對手無抵押衍生品的風
險。
減值及撥備政策
對編製財務報告而言，貸款、證券及衍生工具之
減值準備是根據報告期末存在的客觀減值證據而
確認（見附註）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 143
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Impairment and provisioning policies (Continued)
In determining whether objective evidence of impairment exists under
HKAS 39, the following criteria are assessed:
• Delinquency in contractual payments of principal or interest;
• Cash flow difficulties experienced by the borrower (. equity to
debt ratio, net income percentage of sales);
• Breach of loan covenants or conditions;
• Initiation of bankruptcy proceedings;
• Deterioration of the borrower’s competitive position; and
• Deterioration in the value of collateral.
The Group’s policy requires the review of individual financial assets
that are above pre-set thresholds at least annually or more regularly
when individual circumstances warrant. Individual impairment
allowances on all individually significant accounts are determined by
an evaluation of the incurred loss at the end of the reporting period
on a case-by-case basis. The assessment normally encompasses
collateral held (including re-confirmation of its enforceability) and
the anticipated receipts from liquidating collaterals for that individual
account.
Collectively assessed impairment allowances are provided for:
(i) portfolios of homogenous assets that are individually below
materiality thresholds; and (ii) assets that are individually assessed but
do not have individual impairment.
The table below shows the percentage of the Group’s on-balance
sheet items relating to loans and advances and the associated
impairment allowances (both individually and collectively assessed)
covering on- and off-balance sheet amounts for each of the three
broad internal rating classes.
3. 財務風險管理（續）
信貸風險（續）
減值及撥備政策（續）
下述為按香港會計準則第39號而判斷是否存在減
值之客觀證據的評核標準：
• 逾期償付本金或利息之狀況；
• 借款人陷於現金流困境（如：股本對債務比
率、銷售之淨收益百分率）；
• 違反貸款契約或條款；
• 開始破產程序；
• 借款人之競爭能力惡化；及
• 抵押品價值下降。
本集團之政策規定最少每年一次，或當個別情況
需要多次評估個別高於重要性界線之金融資產。
所有個別重大賬戶之個別減值準備乃按個別基準
評估其於報告期末涉及之損失而評定。評估普遍
包含就該個別賬戶所持之抵押品（包括重新確認
對其可執行性）及預計收入和其抵押品的變現能
力。
綜合評估減值準備為 (i)個別低於重要性水平之同
類資產組合；及 (ii)個別評估但未有個別減值之資
產作出。
下表分別列示本集團資產負債表內貸款及墊款3
種主要內部評級組別之百分比以及其資產負債表
內及外之相關減值準備（個別評估及綜合評估）的
覆蓋率。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報144
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Impairment and provisioning policies (Continued)
2016 2015
減值準備 減值準備
佔貸款餘額 佔貸款餘額
貸款及墊款 百分比 貸款及墊款 百分比
百分比 Impairment 百分比 Impairment
Loans allowance Loans allowance
and as a % of and as a % of
advances loan balance advances loan balance
% % % %
組別 Class
1－正常 1 – pass
2－特別關注 2 – special mention
3－次級或以下 3 – sub-standard or below
As far as the commercial banking business of the Group is concerned,
the credit ratings are broadly categorised as follows:
Class 1 “pass”, which covers Grade 1 to 9 of the Group’s internal loan
grading system, represents loans for which borrowers are current in
meeting commitments and for which the full repayment of interest and
principal is not in doubt.
Class 2 “special mention”, which covers Grade 10 of the Group’s
internal loan grading system, represents loans with which borrowers
are experiencing difficulties and which may lead to credit losses to the
Group if the deterioration in loan quality cannot be contained.
Class 3 “sub-standard or below”, which covers Grade 11 to 13
of the Group’s internal loan grading system, represents loans in
which borrowers are displaying a definable weakness that is likely
to jeopardise repayment; or collection in full is improbable and the
Group expects to sustain a loss of principal and/or interest, taking
into account the fair value of collateral less cost to sell; or loans that
are considered uncollectible after all collection options have been
exhausted.
3. 財務風險管理（續）
信貸風險（續）
減值及撥備政策（續）
有關本集團之商業銀行業務之信貸評分等級概括
地分類如下：
第1組別「正常」包含本集團內部貸款評級系統中
之第1至第9級，代表借款人現時如期償付及對其
可全數付還利息和貸款本金之能力並不置疑。
第2組別「特別關注」包含本集團內部貸款評級系
統中之第10級，代表借款人正陷於困境，及倘不
能遏制其貸款素質惡化，則可能令本集團招致信
貸損失。
第3組別「次級或以下」包含本集團內部貸款評級
系統中之第11至第13級，代表借款人正展露明顯
能危及付還之困難，或不可能全數收回且本集團
經考慮扣除出售費用之抵押品公平值後，預期須
承受本金及╱或利息損失之貸款，又或許該貸款
經耗盡所有追收方案後被確認為無法收回。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 145
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Maximum exposure to credit risk before collateral held
or other credit enhancements
2016 2015
有關資產負債表內資產之信貸風險值如下： Credit risk exposures relating to
on-balance sheet assets are as follows:
現金及在銀行的結餘 Cash and balances with banks 15,058,787 17,505,906
在銀行1至12個月內 Placements with banks maturing
到期的存款 between one and twelve months 8,430,854 7,497,860
持作買賣用途的證券 Trading securities 8,871,844 8,572,394
指定以公平值計量且其變動 Financial assets designated at fair
計入損益的金融資產 value through profit or loss 279,056 217,796
衍生金融工具 Derivative financial instruments 1,177,322 1,079,328
客戶貸款及墊款 Loans and advances to customers
個人貸款及墊款 Loans and advances to individuals
－信用卡 – Credit cards 4,613,534 4,706,017
－按揭貸款 – Mortgages 32,224,005 31,273,079
－其他 – Others 11,557,295 9,729,001
企業貸款及墊款 Loans and advances to
corporate entities
－有期貸款 – Term loans 30,862,318 29,150,773
－按揭貸款 – Mortgages 16,213,526 16,016,536
－貿易融資 – Trade finance 8,020,721 7,986,955
－其他 – Others 10,163,322 10,762,963
貿易票據 Trade bills 4,299,974 6,469,899
其他資產 Other assets 3,021,819 3,040,889
可供出售證券 Available-for-sale securities
－債務證券 – Debt securities 32,272,774 23,733,600
持至到期證券 Held-to-maturity securities 10,223,840 10,476,296
197,290,991 188,219,292
有關資產負債表外項目之信貸風險值如下： Credit risk exposures relating to
off-balance sheet items are as follows:
財務擔保及其他信貸相關之或然負債 Financial guarantees and other credit
related contingent liabilities 1,570,209 1,215,161
貸款承擔及其他信貸相關之承擔 Loan commitments and other credit
related commitments 69,528,743 69,244,002
71,098,952 70,459,163
12月31日 At 31 December 268,389,943 258,678,455
3. 財務風險管理（續）
信貸風險（續）
未計入持有之抵押品或其他信貸提昇
前之最高信貸風險值
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報146
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Maximum exposure to credit risk before collateral held
or other credit enhancements (Continued)
The above table represents a worst case scenario of credit risk
exposure for the Group at 31 December 2016 and 2015, without
taking into account of any collateral held or other credit enhancements
attached.
The maximum exposure to credit risk for financial assets recognised
on the statement of assets and liabilities is the carrying amount.
For contingent liabilities, the maximum exposure to credit risk is the
maximum amount the Group would have to pay if the instrument is
called upon. For undrawn facilities, the maximum exposure to credit
risk is the full amount of the undrawn credit facilities granted to
customers.
The Group’s exposures to credit risk, measured using the expected
gross credit exposures that will arise upon a default of the end obligor,
are shown in the disclosures required under the Banking (Disclosure)
Rules.
The results of credit performance of the Group can be further
assessed with reference to the following:
• 3% of the loans and advances portfolio are categorised in the
top grade of the internal rating system (2015: 4%);
• Mortgage loans, which represent the biggest group in the
portfolio, are backed by collateral;
• 97% of the loans and advances portfolio are considered to be
neither past due nor individually impaired (2015: 98%);
• Loans and advances to customers that are either individually
or collectively impaired constituted % (2015: %) of the
total loans and advances to customers; and
• 78% (2015: 73%) of the investments in debt securities and other
bills have at least an A- credit rating.
3. 財務風險管理（續）
信貸風險（續）
未計入持有之抵押品或其他信貸提昇
前之最高信貸風險值（續）
上表列示本集團於2016年及2015年12月31日在
一種最差情況下的可能方案。該方案為未計入持
有之抵押品或其他信貸提昇前之信貸風險。
確認在資產及負債表內之金融資產之最高信貸風
險值為其賬面值。就或然負債而言，其最高信貸
風險值為本集團在該工具被行使時須支付之最高
金額。就未提取信貸而言，其最高信貸風險值為
授予客戶之未提取信貸融資總額。
本集團根據《銀行業（披露）規則》之規定對本集團
涉及之信貸風險按最終債務人出現違約時之預計
信貸風險總額計量並作出披露。
本集團之信貸表現可參考下列所述作進一步評
估：
• 貸款及墊款組合中3%被分類在內部評級系
統中最高等級內（2015年：4%）；
• 組合中之最大分類之按揭貸款乃有抵押品
之借貸；
• 貸款及墊款組合中97%為無逾期及無個別
減值（2015年：98%）；
• 個別或綜合減值之客戶貸款及墊款佔客
戶 貸 款 及 墊 款 總 額 的%（2015年：
%）；及
• 債務證券及其他庫券投資中78%（2015年：
73%）最少達A-信貸級別。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 147
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances
Loans and advances to customers are summarised as follows:
2016 2015
無逾期及無個別減值 Neither past due nor individually
impaired 110,337,034 107,020,778
逾期但未個別減值 Past due but not individually impaired 2,143,478 1,808,227
個別減值 Individually impaired 1,174,209 796,319
總額 Gross 113,654,721 109,625,324
減：減值準備 Less: allowance for impairment (855,755) (686,025)
淨額 Net 112,798,966 108,939,299
2016 2015
減值貸款及墊款 Impaired loans and advances
－個別減值（註（甲）） – Individually impaired (Note (a)) 1,174,209 796,319
－綜合減值（註（乙）） – Collectively impaired (Note (b)) 21,617 21,815
1,195,826 818,134
減值準備 Impairment allowances made
－個別評估（註（丙）） – Individually assessed (Note (c)) (435,210) (327,953)
－綜合評估（註（乙）） – Collectively assessed (Note (b)) (19,637) (20,026)
(454,847) (347,979)
740,979 470,155
持有抵押品公平值 * Fair value of collaterals held* 904,293 582,726
減值貸款及墊款佔客戶貸款及 Impaired loans and advances
墊款總額百分比 as a % of total loans and
advances to customers % %
* Fair value of collaterals is determined at the lower of the market value of
collateral and outstanding loan balance.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款
客戶貸款及墊款概述如下：
* 抵押品公平值乃根據抵押品市值及貸款未償還結
餘，兩者中較低值釐定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報148
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
Note:
(a) Individually impaired loans are defined as those loans having objective
evidence of impairment as a result of one or more events that occurred
after the initial recognition of the asset (a “loss event”) and that loss
event has an impact on the estimated cash flows of the loans that can be
reliably estimated.
(b) Collectively impaired loans and advances refer to those unsecured loans
and advances assessed for impairment on a collective basis and which
have become overdue for more than 90 days as at the reporting date.
The collective impairment allowance for these impaired loans, which is a
part of the overall collective impairment allowances, is shown above.
(c) The above individual impairment allowances were made after taking into
account the value of collaterals in respect of such advances as at 31
December.
The tota l impairment a l lowance for loans and advances is
HK$855,755,000 (2015: HK$686,025,000), comprising an allowance
of HK$435,210,000 (2015: HK$327,953,000) for the individually
impaired loans and the overall collective impairment allowances
of HK$420,545,000 (2015: HK$358,072,000) provided on loans
assessed on a collective basis. Further information on the impairment
allowances maintained for each of loans and advances to customers,
and other accounts is provided in Note 21.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
註：
（甲） 個別減值貸款乃該等自初始確認為資產後發生了
一件或多件能確定其減值的客觀證據事項 （「損
失事件」）的貸款，而該損失事件對該貸款之預計
未來現金流量造成影響，並能可靠地估量。
（乙） 綜合減值貸款及墊款指該等以綜合基準作減值評
估的無抵押及於呈報日已逾期未償還超過90天之
貸款及墊款。該等於上述呈列之減值貸款綜合減
值準備乃整體綜合減值準備的一部份。
（丙） 以上個別減值準備已考慮有關貸款於12月31日時
之抵押品價值。
貸 款 及 墊 款 之 減 值 準 備 總 額 為855,755,000港
元（2015年：686,025,000港 元 ）， 包 括 對 個 別
減 值 貸 款 之 準 備435,210,000 港 元（2015年：
327,953,000 港元）及對按綜合基準評估的貸款
之 總 體 綜 合 準 備420,545,000港 元（2015年：
358,072,000港元）。附註21提供更多為客戶貸款
及墊款及其他賬目作出之減值準備資料。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 149
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(a) Loans and advances neither past due nor individually
impaired
The credit quality of the portfolio of loans and advances that
were neither past due nor individually impaired is normally
assessed based on the three broad gradings mentioned in Note
.
個人（零售客戶） 企業
Individual (retail customers) Corporate entities
信用卡 貿易融資
Credit 按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計
2016年12月31日 At 31 December 2016 cards Mortgages Others Term loans Mortgages finance Others Total
組別： Class:
1－正常 1 – pass 4,550,265 31,446,965 11,361,761 30,295,702 15,839,334 7,294,384 9,124,360 109,912,771
2－特別關注 2 – special mention – – – 249,137 42,206 24,642 27,549 343,534
3－次級或以下 3 – sub-standard or below – 5,438 1,528 8,500 26,979 1,148 37,136 80,729
合計 Total 4,550,265 31,452,403 11,363,289 30,553,339 15,908,519 7,320,174 9,189,045 110,337,034
個人（零售客戶） 企業
Individual (retail customers) Corporate entities
信用卡 貿易融資
Credit 按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計
2015年12月31日 At 31 December 2015 cards Mortgages Others Term loans Mortgages finance Others Total
組別： Class:
1－正常 1 – pass 4,651,874 30,761,014 9,542,438 28,917,171 15,713,957 7,542,065 9,824,553 106,953,072
2－特別關注 2 – special mention – – 10,963 4,000 2,869 34,961 12,589 65,382
3－次級或以下 3 – sub-standard or below – 613 1,660 – 51 – – 2,324
合計 Total 4,651,874 30,761,627 9,555,061 28,921,171 15,716,877 7,577,026 9,837,142 107,020,778
Mortgage loans in the sub-standard or below class were
assessed as not impaired after taking into consideration the
value and recovery of collaterals.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（甲） 無逾期及無個別減值之貸款及墊款
貸款及墊款組合中信貸素質為無逾期及無
個別減值乃一般根據附註提及的3大
等級作出評估。
在次級或以下組別之按揭貸款經考慮其抵
押品之回收值後被評定為未減值。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報150
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(b) Loans and advances past due but not impaired
個人（零售客戶） 企業
Individual (retail customers) Corporate entities
信用卡 貿易融資
Credit 按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計
2016年12月31日 At 31 December 2016 cards Mortgages Others Term loans Mortgages finance Others Total
逾期1個月或以下 Past due up to 1 month 40,002 611,313 145,456 20,430 120,696 74,111 632,743 1,644,751
逾期1個月以上至3個月 Past due more than 1 month
and up to 3 months 12,238 98,931 32,328 10,140 40,680 38,420 56,306 289,043
逾期3個月以上至6個月 Past due more than 3 months
and up to 6 months 6,539 7,478 8,824 – 1,701 26,927 9,218 60,687
逾期6個月以上 Past due more than 6 months 4,490 15,483 5 – 10,989 54,995 63,035 148,997
合計 Total 63,269 733,205 186,613 30,570 174,066 194,453 761,302 2,143,478
持有抵押品之公平值 * Fair value of collaterals* – 732,416 4,225 29,298 173,129 172,800 679,470 1,791,338
個人（零售客戶） 企業
Individual (retail customers) Corporate entities
信用卡 貿易融資
Credit 按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計
2015年12月31日 At 31 December 2015 cards Mortgages Others Term loans Mortgages finance Others Total
逾期1個月或以下 Past due up to 1 month 32,555 422,907 135,387 10,649 170,200 74,775 517,262 1,363,735
逾期1個月以上至3個月 Past due more than 1 month
and up to 3 months 11,000 61,160 25,094 5,037 18,779 6,532 90,016 217,618
逾期3個月以上至6個月 Past due more than 3 months
and up to 6 months 6,105 – 8,901 7,850 – 1,279 51,238 75,373
逾期6個月以上 Past due more than 6 months 4,483 16,995 5 37,168 21,284 240 71,326 151,501
合計 Total 54,143 501,062 169,387 60,704 210,263 82,826 729,842 1,808,227
持有抵押品之公平值 * Fair value of collaterals* – 500,661 4,523 59,259 205,800 25,115 653,554 1,448,912
* Fair value of collaterals is determined as the lower of the market
value of collateral and outstanding loan balance.
Upon initial recognition of loans and advances, the associated
collateral is valued based on valuation techniques for the
particular assets. In subsequent periods, the fair value of such
collateral is updated by reference to market price or indexes of
similar assets.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（乙） 逾期但未減值之貸款及墊款
* 抵押品之公平值乃根據抵押品市值及貸款
未償還結餘，兩者中較低者而定。
初始確認貸款及墊款時，相關抵押品之公
平值乃依據其評估有關資產之估值方法而
定。隨後期間，該抵押品之公平值乃參考
市場價格或同類資產指數而更新。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 151
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(c) Loans and advances to customers individually impaired
The individually impaired loans and advances to customers of
the Group before taking into consideration the cash flows from
collateral held is HK$1,174,209,000 (2015: HK$796,319,000).
The analysis of the gross amount of individually impaired loans
and advances by class, along with the fair value of the related
collateral held by the Group as security, is as follows:
減值準備－
個人（零售客戶） 企業 個別評估
Individual (retail customers) Corporate entities Impairment
貿易融資 allowances –
按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計 individual
2016年12月31日 At 31 December 2016 Mortgages Others Term loans Mortgages finance Others Total assessment
個別減值貸款 Individually impaired loans 38,397 7,393 278,409 130,941 506,094 212,975 1,174,209 435,210
持有抵押品之公平值 * Fair value of collaterals* 38,397 5,274 186,282 109,530 405,106 159,704 904,293
減值準備－
個人（零售客戶） 企業 個別評估
Individual (retail customers) Corporate entities Impairment
貿易融資 allowances –
按揭貸款 其他 有期貸款 按揭貸款 Trade 其他 合計 individual
2015年12月31日 At 31 December 2015 Mortgages Others Term loans Mortgages finance Others Total assessment
個別減值貸款 Individually impaired loans 10,390 4,553 168,898 89,396 327,103 195,979 796,319 327,953
持有抵押品之公平值 * Fair value of collaterals* 10,365 3,001 118,088 79,433 220,273 151,566 582,726
* Fair value of collaterals is determined as the lower of the market
value of collateral and outstanding loan balance.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（丙） 個別減值之客戶貸款及墊款
本 集 團 未 計 入 來 自 所 持 抵 押 品 之 現 金
流 前 之 個 別 減 值 客 戶 貸 款 及 墊 款 為
1,174,209,000港元（2015年：796,319,000
港元）。
個別減值貸款及墊款之總額及本集團所持
作擔保之相關抵押品公平值按類別分析如
下：
* 抵押品之公平值乃根據抵押品市值及貸款
未償還結餘，兩者中較低者而定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報152
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(d) Loans and advances overdue for more than 3 months
(i) Gross amount of overdue loans
2016 2015
逾期未償還 逾期未償還
貸款總額 貸款總額
Gross Gross
amount of 佔總額 amount of 佔總額
overdue 百分比 overdue 百分比
loans % of total loans % of total
未償還客戶貸款總額， Gross advances to customers
逾期： which have been overdue for:
－3個月以上至6個月 – six months or less but
over three months 188,025 229,892
－6個月以上至1年 – one year or less but
over six months 425,466 260,593
－1年以上 – over one year 473,646 209,635
1,087,137 700,120
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（丁） 逾期3個月以上之貸款及墊款
(i) 逾期未償還貸款總額
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 153
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(d) Loans and advances overdue for more than 3 months
(Continued)
(ii) Value of collateral held and impairment allowances
against overdue loans and advances
貸款及墊款 抵押品 減值準備－
未償還數額 現市值 抵押品 抵押品 其他信貸 個別評估
Outstanding Current 所承擔部份 未能承擔部份 風險減輕措施 Impairment
amount of market Portion Portion not Other allowances –
loans and value of covered by covered by credit risk individual
2016年12月31日 At 31 December 2016 advances collateral collateral collateral mitigation assessment
逾期未償還客戶貸款及墊款 Overdue loans and advances
to customers 1,087,137 1,095,775 839,520 247,617 – 349,070
貸款及墊款 抵押品 減值準備－
未償還數額 現市值 抵押品 抵押品 其他信貸 個別評估
Outstanding Current 所承擔部份 未能承擔部份 風險減輕措施 Impairment
amount of market Portion Portion not Other allowances –
loans and value of covered by covered by credit risk individual
2015年 12月 31日 At 31 December 2015 advances collateral collateral collateral mitigation assessment
逾期未償還客戶貸款及墊款 Overdue loans and advances
to customers 700,120 1,196,607 525,584 174,536 – 213,854
Collateral held mainly represented pledged deposits, mortgage
over properties and charges over other fixed assets such as
equipment.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（丁） 逾期3個月以上之貸款及墊款（續）
(ii) 逾期未償還貸款及墊款之減值準備及
所持抵押品值
持有之抵押品主要為抵押存款、按揭物業
及抵押其他固定資產如設備。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報154
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Loans and advances (Continued)
(e) Rescheduled advances net of amounts included in
overdue advances shown above
佔總額 佔總額
百分比 百分比
2016 % of total 2015 % of total
客戶貸款 Advances to customers 394,408 243,284
減值準備 Impairment allowances 24,982 15,825
Trade bills
2016 2015
貿易票據，逾期： Trade bills which have been overdue for:
－3個月以上至6個月 – six months or less but over
three months – 1,975
－6個月以上至1年 – one year or less but over
six months 4,644 3,070
－1年以上 – over one year 6,337 –
10,981 5,045
As at 31 December 2016 and 2015, no trade bills were impaired.
3. 財務風險管理（續）
信貸風險（續）
貸款及墊款（續）
（戊） 經重組貸款（已扣除包括在上述之逾
期貸款）
貿易票據
於2016年12月31日及2015年12月31日，並無
減值之貿易票據。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 155
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Repossessed collateral
Repossessed collateral held at the year-end is as follows:
2016 2015
資產性質 Nature of assets
收回物業 Repossessed properties 131,243 140,163
其他 Others 6,842 7,464
138,085 147,627
Repossessed collaterals are sold as soon as practicable with the
proceeds used to reduce the outstanding indebtedness of the
borrowers concerned.
Certain other properties in the Mainland China with a total estimated
realisable value of HK$58,933,000 (2015: HK$63,255,000), which had
been foreclosed and repossessed by the Group pursuant to orders
issued by courts in the Mainland China, represent assets held by the
Group for resale and have been reported under “Other assets” in Note
30. The relevant loans had been derecognised.
3. 財務風險管理（續）
信貸風險（續）
收回抵押品
於年末持有之收回抵押品如下：
收回抵押品按可行情況盡快出售，實收款項用以
減低有關之借款人未償還債務。
估 計 可 變 現 總 值 為58,933,000港 元（2015年：
63,255,000港元）之在中國內地的若干其他物
業，乃本集團根據中國內地法院頒佈之法令而行
使以物抵債權及回收。該抵押品為呈報於附註30
之「其他資產」項下的持作再出售之資產。相關之
貸款已被終止確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報156
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Debt securities
The table below presents an analysis of debt securities by rating
agency designation at 31 December 2016 and 2015.
持作買賣 指定以 可供出售投資 持至到期投資
用途資產 公平值計量 Available- Held-to-
Trading Designated for-sale maturity 合計
2016年12月31日 At 31 December 2016 assets at fair value investments investments Total
AAA AAA – – 2,536,311 – 2,536,311
AA-至 AA+ AA-to AA+ 8,871,844 – 8,946,344 1,530,009 19,348,197
A-至 A+ A- to A+ – – 15,647,450 2,786,638 18,434,088
有評級但低於A- Rated but lower than A- – 264,572 2,746,471 1,873,496 4,884,539
未有評級 Unrated – 14,484 2,396,198 4,033,697 6,444,379
合計 Total 8,871,844 279,056 32,272,774 10,223,840 51,647,514
持作買賣 指定以 可供出售投資 持至到期投資
用途資產 公平值計量 Available- Held-to-
Trading Designated for-sale maturity 合計
2015年 12月 31日 At 31 December 2015 assets at fair value investments investments Total
AAA AAA 249 – 997,458 – 997,707
AA-至 AA+ AA-to AA+ 8,572,098 – 7,104,515 1,372,442 17,049,055
A-至 A+ A- to A+ 47 – 10,681,887 2,711,844 13,393,778
有評級但低於A- Rated but lower than A- – 209,618 2,756,536 2,191,143 5,157,297
未有評級 Unrated – 8,178 2,193,204 4,200,867 6,402,249
合計 Total 8,572,394 217,796 23,733,600 10,476,296 43,000,086
3. 財務風險管理（續）
信貸風險（續）
債務證券
下表列示於2016年及2015年12月31日按
評級機構指定之評級分析之債務證券。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 157
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Concentration of risks of financial assets with credit risk
exposure
(a) Geographical sectors
Advances to customers by geographical area are classified
according to the location of the borrowers after taking into
account the transfer of risk. In general, risk transfer applies
when an advance is guaranteed by a party located in an area
which is different from that of the borrower.
The following table analyses gross advances to customers by
geographical area.
2016年 2015年
12月31日 12月31日
At At
31 December 31 December
2016 2015
客戶貸款總額 Gross advances to customers
－香港 – Hong Kong 90,514,829 88,670,794
－中國 – China 7,573,907 7,374,771
－澳門 – Macau 12,793,705 12,007,126
－其他 – Others 2,772,280 1,572,633
113,654,721 109,625,324
3. 財務風險管理（續）
信貸風險（續）
附帶有信貸風險之金融資產之風險集
中程度
（甲） 區域
客戶貸款之區域分析乃根據已考慮風險轉
移後之借款人所在地分類。一般而言，當
貸款的擔保方處於與借款人不同之區域
時，風險將被轉移。
下表為客戶貸款總額按區域分析。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報158
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Concentration of risks of financial assets with credit risk
exposure (Continued)
(b) Industry sectors
Gross advances to customers by industry sector classified
according to the usage of loans
2016 2015
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial and financial
－物業發展 – Property development 2,317,648 1,909,605
－物業投資 – Property investment 15,095,225 16,136,906
－金融企業 – Financial concerns 4,259,982 1,118,110
－股票經紀 – Stockbrokers 1,804,854 965,931
－批發與零售業 – Wholesale and retail trade 4,543,621 4,144,996
－製造業 – Manufacturing 2,435,207 3,026,032
－運輸及運輸設備 – Transport and transport equipment 3,508,563 3,713,584
－康樂活動 – Recreational activities 78,395 262,522
－資訊科技 – Information technology 74,186 72,019
－其他 – Others 5,180,298 5,454,602
39,297,979 36,804,307
個人 Individuals
－購買「居者有其屋計劃」、 – Loans for the purchase of flats in
「私人參建居屋計劃」及 Home Ownership Scheme, Private
「租者置其屋計劃」樓宇貸款 Sector Participation Scheme and
Tenants Purchase Scheme 756,457 869,023
－購買其他住宅物業貸款 – Loans for the purchase of other
residential properties 22,230,051 21,260,300
－信用卡貸款 – Credit card advances 4,377,622 4,465,225
－其他 – Others 11,092,297 9,217,401
38,456,427 35,811,949
在香港使用的貸款 Loans for use in Hong Kong 77,754,406 72,616,256
貿易融資（註 (1)） Trade finance (Note (1)) 7,723,386 7,394,880
在香港以外使用的貸款（註 (2)） Loans for use outside
Hong Kong (Note (2)) 28,176,929 29,614,188
113,654,721 109,625,324
3. 財務風險管理（續）
信貸風險（續）
附帶有信貸風險之金融資產之風險集
中程度（續）
（乙） 行業
客戶貸款總額 ─ 按行業及貸款用途分類
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 159
3. FINANCIAL RISK MANAGEMENT (Continued)
Credit risk (Continued)
Concentration of risks of financial assets with credit risk
exposure (Continued)
(b) Industry sectors (Continued)
Notes:
(1) Trade finance shown above represents loans covering finance
of imports to Hong Kong, exports and re-exports from Hong
Kong and merchandising trade classified with reference to the
relevant guidelines issued by the Hong Kong Monetary Authority
(“HKMA”).
Trade finance loans not involving Hong Kong (including trade
finance extended by the overseas subsidiary banks of Dah Sing
Bank, Limited (“DSB”)) totalling HK$297,335,000 (31 December
2015: HK$592,075,000) are classified under Loans for use outside
Hong Kong.
(2) Loans for use outside Hong Kong include loans extended to
customers located in Hong Kong with the finance used outside
Hong Kong.
Market risk
Market risk is the risk of losses in assets, liabilities and off-balance
sheet positions arising from movements in market rates and prices.
Market risk exposure for different types of transactions is managed
within various risk limits and guidelines approved by the Board, the
RMCC and the TIRC under the authority delegated from the Board.
Risk limits are set at the portfolio level as well as by products and
by different types of risks. The risk limits comprise a combination
of notional, stop-loss, sensitivity and value-at-risk (“VaR”) controls.
All trading positions are subject to daily mark-to-market valuation.
The Risk Management and Control Department (“RMCD”) within the
GRD, as an independent risk management and control unit, identifies,
measures, monitors and controls the risk exposures against approved
limits and initiates specific actions to ensure positions are managed
within an acceptable level. Any exceptions have to be reviewed and
sanctioned by the appropriate level of management of TIRC, RMCC or
the Board as stipulated in the relevant policies and procedures.
3. 財務風險管理（續）
信貸風險（續）
附帶有信貸風險之金融資產之風險集
中程度（續）
（乙） 行業（續）
註：
(1) 上述列示之貿易融資為參考香港金融管理
局（「香港金管局」）發出之相關指引而分類
為香港進口、出口和轉口的融資，以及商
品貿易融資等之貸款。
不涉及香港之貿易融資貸款（包括大新銀
行有限公司（「大新銀行」）之海外銀行附屬
公司授予之貿易融資）總值297,335,000港
元（2015年12月31日：592,075,000港元）
分類於「在香港以外使用的貸款」項下。
(2) 在香港以外使用的貸款包括授予香港客戶
但在香港以外使用之貸款。
市場風險
市場風險乃指由市場上利率及價格變化而引致對
資產、負債及資產負債表外持倉之虧損風險。
各類交易之市場風險均由董事會、風險管理及合
規委員會及財資及投資風險委員會按董事會授予
之權力所核准之各項風險限額及指引內處理。風
險限額按組合層面以及各產品及不同風險類別設
定。該等限額綜合包含了名義金額、止蝕限額、
敏感性及運用市場風險數值（「市場風險數值」）之
監控。所有涉及市場風險的買賣持倉需要每日按
市值入賬。集團風險部之風險管理及監控部（「風
險管理及監控部」）乃一個獨立之風險管理及控制
部門，負責比較風險和已審批限額，以識別、計
量、監控及管理該等風險及提議具體行動去確保
持倉被限制在可接受水平內。任何不符合限額情
況均須依據有關政策及程序經合適管理層－財資
及投資風險委員會，風險管理及合規委員會或董
事會審查及批准。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報160
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Banco Comercial de Macau, . (“BCM”) and Dah Sing Bank (China)
Limited (“DSB China”), which are subsidiaries of DSB, run their
treasury functions locally under their own set of limits and policies
and within the overall market risk controls set by DSB. The RMCD of
DSB oversees and controls the market risk arising from the treasury
operations of BCM and DSB China.
The Group applies different risk management policies and procedures
in respect of the market risk arising from its trading and banking
books.
Market risk arising from the trading book
The following descriptions relate to DSB and BCM.
In the Group’s trading book, market risk is associated with trading
positions in foreign exchange, debt securities, equity securities and
derivatives.
(a) Market risk measurement technique
In the management of market risk, the Group measures market
risks using various techniques commonly used by the industry
and control market risk exposures within established risk limits.
The major measurement techniques used to measure and
control market risk are outlined below.
(i) Value at risk
The Group applies a VaR methodology, which is a
statistically based estimate, to measure the potential loss
of its trading portfolio from adverse market movements. It
expresses as the maximum amount the Group might lose
given a certain level of confidence, which for the Group
is 99% for a one day holding period. There is therefore a
specified statistical probability that actual loss could be
greater than the VaR estimate. Hence, the use of VaR does
not prevent losses outside the VaR limits in the event of
extreme market movements.
3. 財務風險管理（續）
市場風險（續）
大新銀行之附屬公司澳門商業銀行股份有限公司
（「澳門商業銀行」）及大新銀行（中國）有限公司
（「大新銀行（中國）」）根據其一套自定限額和政策
及在大新銀行設定之總體市場風險控制內執行其
本行之財資活動。大新銀行之風險管理及監控部
監察及管理源自澳門商業銀行及大新銀行（中國）
財資營運之市場風險。
本集團源自其買賣賬及銀行賬之市場風險應用不
同之風險管理政策及程序。
源自買賣賬之市場風險
下列敍述為有關大新銀行及澳門商業銀行。
本集團之買賣賬內，在外匯、債務證券、權益性
證券及衍生工具之買賣持倉中存在市場風險。
（甲） 市場風險計量方法
作為市場風險管理，本集團使用各種業界
普遍採用之方法計量市場風險及控制市場
風險於設定之風險額度範圍內。主要用於
計量及監控市場風險之計量方法概述如下。
(i) 市場風險數值
本集團應用市場風險數值法，其乃一
種以統計為基準就持作買賣用途組合
因市場不利變化預計潛在損失。其表
明本集團於某個置信水平可能損失之
最大數額，就一日持倉期之基準作推
算，本集團之置信水平為99%。因此
存在明確的統計概率，實際損失可能
比市場風險數值之估計數為大。因此
採納該方法並不能避免當市場狀況發
生重大變化時超逾此等額度之損失。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 161
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Market risk arising from the trading book (Continued)
(a) Market risk measurement technique (Continued)
(i) Value at risk (Continued)
The VaR model assumes a certain “holding period” (one
day in the case of the Group) until positions can be closed.
It is calculated based on the current mark-to-market value
of the positions, the historical correlation and volatilities of
the market risk factors over an observation period of one
calendar year using a method known as parametric VaR
methodology.
The VaR model is continuously validated by back-testing
the VaR results for trading positions. All back-testing
exceptions are investigated and back-testing results are
reported to senior management.
As VaR constitutes an integral part of the Group’s market
risk control regime, VaR limits are established and
reviewed by the Board and its delegated committees
at least annually for all trading positions and allocated
to business units. Actual exposures, including VaR,
are monitored against limits on a daily basis by RMCD.
Average daily VaR for the Group for all trading activities
during the year was HK$2,468,000 (2015: HK$2,368,000).
(ii) Stress tests
Stress tests provide an indication of the potential size of
losses that could arise in extreme conditions. The stress
tests carried out by RMCD include: risk factor stress
testing, where stress movements are applied to each risk
category; and scenario stress testing, which includes
applying possible stress events to specific positions or
portfolios. Besides, the expected shortfall of the trading
portfolio is measured to evaluate the expected size of
extreme trading loss beyond a specified confidence level
and over a longer holding period. In addition, reverse-
stress tests are performed as a useful tool to evaluate the
maximum size of market stress that the Group can endure
before hitting the prescribed tolerable levels.
3. 財務風險管理（續）
市場風險（續）
源自買賣賬之市場風險（續）
（甲） 市場風險計量方法（續）
(i) 市場風險數值（續）
市場風險數值模型假設某個持倉期
（就本集團而言為一天）直至結束持
倉。市場風險數值亦依據持倉之現時
市值、市場風險因素過往在一個曆年
週期之相互關係及波幅，使用一種參
數性市場風險數值法計算。
本集團藉著回顧測試買賣賬之市場風
險數值結果，持續確認市場風險數值
模型之有效性。所有回顧測試的偏差
予以調查及向高層管理人員匯報。
因市場風險數值為本集團之市場風險
管理範疇內一重要環節，董事會及其
授權之委員會就所有買賣持倉設定不
同市場風險數值額度及分配至各業務
部門，並至少每年審閱。風險管理及
監控部每天審視包括市場風險數值之
實際風險與額度對比進行監控。本集
團就年內全部交易活動之市場風險數
值日均值為2,468,000港元（2015年：
2,368,000港元）。
(ii) 壓力測試
壓力測試提供極端情況下可能出現之
潛在損失之約額。風險管理及監控部
進行的壓力測試包括：風險因素壓力
測試，方法為在各風險類別中施行不
同壓力程度；及個案壓力測試，方法
為利用各種可能壓力事項對特定持倉
或組合進行測算。此外，亦計量持作
買賣用途組合之預計虧缺以評估當超
出指定置信水平及處於較長持倉期時
出現極度買賣虧損的預計規模。此
外，也進行逆壓力測試作為一項有效
工具以評估本集團於觸及規定之可容
忍水平前所能承受的市場壓力最大約
額。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報162
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Market risk arising from the trading book (Continued)
(a) Market risk measurement technique (Continued)
(ii) Stress tests (Continued)
The results of the stress tests are reviewed by the Board
and its delegated committees regularly.
(b) VaR summary of trading portfolio
截至2016年12月31日 截至2015年12月31日
止12個月 止12個月
12 months to 31 December 2016 12 months to 31 December 2015
平均 最高 最低 平均 最高 最低
Average High Low Average High Low
外匯風險 Foreign exchange risk 2,288 2,675 1,782 1,397 2,137 732
利率風險 Interest rate risk 989 1,482 461 471 1,459 181
全部風險 All risks 2,468 2,960 1,900 2,368 3,563 1,573
Market risk arising from the banking book
In the Group’s banking book, market risk is predominantly associated
with positions in debt and equity securities.
(a) Market risk measurement technique
Within the risk management framework and policies established
by the Board and its delegated committees, various limits,
guidelines and management action triggers are established to
control the exposures of the Group’s banking book activities
to foreign exchange risk, interest rate risk, and price risk. In
particular, position and sensitivity limits and price triggers are
in place to control the price risk of the investment securities.
In addition, sensitivity analysis and stress testing (including
reverse-stress testing) covering shocks and shifts in interest
rates on the Group’s on- and off-balance sheet positions
and credit spreads on the Group’s investment securities are
regularly performed to gauge the market risk inherent in the
Group’s banking book portfolios and manage it against the
established control measures.
VaR methodology is not currently being used to measure and
control the market risk of the banking book.
3. 財務風險管理（續）
市場風險（續）
源自買賣賬之市場風險（續）
（甲） 市場風險計量方法（續）
(ii) 壓力測試（續）
壓力測試之結果由董事會及其授權之
委員會定期審閱。
（乙） 市場風險值概要
源自銀行賬之市場風險
本集團之銀行賬中，市場風險主要來自於債務及
權益性證券之持倉。
（甲） 市場風險計量方法
在董事會及其授權之委員會設立之風險管
理框架及政策中，設定了不同的額度、指
引及管理層行動觸發額，藉此控制本集團
銀行賬中有關外匯風險、利率風險及定
價風險等風險。尤其設有持倉及敏感度額
度及定價觸發額以控制證券投資的定價風
險。此外，本集團定期進行對資產負債表
內及外持倉中之利率變化及證券投資之信
貸息差作敏感度分析及壓力測試（包括逆壓
力測試），比對設定之監控措施以估量及管
理存在於本集團銀行賬中之市場風險。
現時並無採用市場風險數值法以計量及監
控銀行賬中之市場風險。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 163
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Market risk arising from the banking book (Continued)
(b) Sensitivity analysis of non-trading portfolio
(i) Foreign exchange risk
The Group has limited net foreign exchange exposure
(except for USD, Macau Pataca (“MOP”) and Renminbi
(“RMB”)) as foreign exchange positions and foreign
currency balances arising from customer transactions are
normally matched against other customer transactions or
transactions with the market. Foreign exchange exposure
of the non-trading portfolio in respect of MOP and RMB
arise mainly from the operation of overseas subsidiaries
in Macau and Mainland China. The net exposure positions
including the trading and non-trading portfolios, both by
individual currency and in aggregate, are managed by
the Treasury Division of the Group on a daily basis within
established foreign exchange limits.
Long-term foreign currency funding, to the extent that this
is used to fund Hong Kong dollar assets, or vice versa,
is normally matched using foreign exchange forward
contracts to reduce exposure to foreign exchange risk.
At 31 December 2016, if HK$ had weakened by 100 basis
points against RMB with all other variables held constant,
the profit after tax for the year and equity would have been
HK$11 million higher (2015: HK$14 million higher), mainly
as a result that the foreign exchange gain on translation of
RMB denominated financial assets outweighed the foreign
exchange losses on translation of RMB denominated
financial liabilities.
Conversely, if HK$ had strengthened by 100 basis points
against RMB with all other variables held constant, the
profit after tax for the year and equity would have been
HK$11 million lower (2015: HK$14 million lower).
3. 財務風險管理（續）
市場風險（續）
源自銀行賬之市場風險（續）
（乙） 非持作買賣用途組合之敏感度分析
(i) 外匯風險
除美元、澳門幣及人民幣外，本集團
承擔的淨外匯風險十分有限，因為由
客戶交易引致的外匯持倉及外匯結
存，通常會與其他的客戶交易或市
場交易配對抵銷。非持作買賣用途組
合之澳門幣及人民幣匯兌風險主要來
自澳門及中國內地之海外附屬公司之
營運。淨風險持倉（包括持作買賣用
途及非持作買賣用途之組合），無論
是個別貨幣或總體而言，每日皆由本
集團財資部控制在已制定的外匯限額
內。
若用長期外幣資金融資港元資產，反
之亦然，通常會透過與遠期外匯合約
配對抵銷以減低外匯風險。
於2016年12月31日，倘所有其他變
數保持不變而港元對人民幣貶值100
個基點，本年度之除稅後溢利及權益
將增加11,000,000港元（2015年：增
加14,000,000港元），主要受惠於換
算人民幣資產時之外匯收益大於換算
人民幣負債時之外匯虧損。
相 反 地， 倘 所 有 其 他 變 數 保 持 不
變 而 港 元 對 人 民 幣 升 值100個 基
點，本年度之除稅後溢利及權益將
減少11,000,000港元（2015年：減少
14,000,000港元）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報164
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Market risk arising from the banking book (Continued)
(b) Sensitivity analysis of non-trading portfolio (Continued)
(ii) Interest rate risk
The framework adopted by the Group to measure interest
rate risk exposures arising from its banking book positions
is consistent with the guidelines set out by the HKMA in its
Supervisory Policy Manual (“SPM”) on Interest Rate Risk
Management. From an earnings perspective, interest rate
risk is the risk that the net income arising from future cash
flows of a financial instrument will fluctuate because of
changes in market interest rates. From an economic value
perspective, interest rate risk is the risk that the economic
value of a financial instrument will fluctuate because of
changes in market interest rates. The Group takes on
interest rate risk from both perspectives in the banking
book. As such, the interest margins or net interest income
and the economic value of the capital may increase or
decrease as a result of such changes or in the event that
unexpected movements arise. The Board and the Asset
and Liability Management Committee (“ALCO”) set limits
on the level of mismatch of interest rate repricing that
may be undertaken and monitor the interest rate impacts
through scenario analysis and stress testing regularly.
At 31 December 2016, if HK$ and US$ market interest
rates had been 200 basis points higher with other
variables held constant, the profit after tax over the next
12 months and the equity would have been HK$25 million
higher (2015: HK$46 million lower) and HK$632 million
lower (2015: HK$748 million lower) respectively.
The method and assumptions used in the above sensitivity
analysis on foreign exchange risk and interest rate risk are on
the same basis for both 2015 and 2016.
In addition to foreign exchange risk and interest rate risk, the
Group’s investments in debt securities and equity securities
are also exposed to other price risks. Consequently, the value
of such investments could change significantly depending on
a variety of factors including liquidity risk, market sentiment
and other events that might affect individual or portfolios of
exposures.
3. 財務風險管理（續）
市場風險（續）
源自銀行賬之市場風險（續）
（乙） 非持作買賣用途組合之敏感度分析
（續）
(ii) 利率風險
本集團採納用以計量源自銀行賬持倉
的利率風險額之框架與載於香港金管
局之《監管政策手冊》（「《監管政策手
冊》」）內有關利率風險管理之指引一
致。就盈利觀點而言，利率風險乃由
於市場利率變化而導致金融工具源自
未來現金流之淨收入波動之風險。就
經濟價值觀點而言，利率風險則為由
於市場利率變化而導致金融工具之經
濟價值波動之風險。本集團就銀行賬
承擔以上兩方面之利率風險。就此而
論，息差或淨利息收入及資本之經濟
價值可能由於此等變化或突如其來之
變化而上升或下跌。董事會及資產及
負債管理委員會（「資產及負債管理委
員會」）就可能承擔之重訂利率錯配水
平設定額度及透過情境分析及壓力測
試定期監控利率變化之影響。
於2016年12月31日，倘所有其他變
數保持不變而港元及美元之市場利率
上升200個基點，未來12個月之除稅
後溢利及權益將分別增加25,000,000
港 元（2015年： 減 少46,000,000港
元 ）及 減 少632,000,000港 元（2015
年：減少748,000,000港元）。
上述於2015年及2016年應用在外匯風險及
利率風險之敏感度分析方法及假設基準皆
相同。
除了外匯風險及利率風險，本集團之債務
證券及權益性證券投資亦面對其他定價風
險。故此，因應不同的因素包括流動資金
風險、市場狀況及其他可能影響個別或組
合投資風險敞口之事件，此等投資的價值
可以出現重大的變化。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 165
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Currency risk
The table below summarises the Group’s financial assets and
liabilities as well as off-balance sheet net notional positions and credit
commitments translated into equivalent HK$ amounts, categorised by
currency.
港元 美元 澳門幣 人民幣 其他 合計
2016年12月31日 At 31 December 2016 HKD USD MOP RMB Others Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 2,991,263 8,201,975 484,011 1,786,324 1,595,214 15,058,787
在銀行1至12個月內到期的存款 Placements with banks maturing
between one and twelve months 2,730,000 3,139,380 – 1,783,549 777,925 8,430,854
持作買賣用途的證券 Trading securities 8,871,502 – – 342 – 8,871,844
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – 279,056 – – – 279,056
衍生金融工具 Derivative financial instruments 20,699 1,145,007 – 485 11,131 1,177,322
各項貸款及其他賬目 Advances and other accounts 86,955,181 17,293,945 6,363,750 8,856,064 627,265 120,096,205
可供出售證券 Available-for-sale securities 6,048,685 26,275,108 631 198,390 216,422 32,739,236
持至到期證券 Held-to-maturity securities 400,000 6,595,010 2,401,808 540,012 287,010 10,223,840
金融資產合計 Total financial assets 108,017,330 62,929,481 9,250,200 13,165,166 3,514,967 196,877,144
負債 Liabilities
銀行存款 Deposits from banks 63,210 1,882,902 – 366,327 5,764 2,318,203
衍生金融工具 Derivative financial instruments 32,359 1,276,663 – 183 34,213 1,343,418
持作買賣用途的負債 Trading liabilities 7,748,887 – – – – 7,748,887
客戶存款 Deposits from customers 106,575,778 20,535,152 9,612,115 11,426,415 5,713,513 153,862,973
已發行的存款證 Certificates of deposit issued 4,816,285 1,743,691 – – – 6,559,976
後償債務 Subordinated notes – 5,941,014 – – 1,205,149 7,146,163
其他賬目及預提 Other accounts and accruals 1,542,615 982,009 75,717 285,815 86,467 2,972,623
金融負債合計 Total financial liabilities 120,779,134 32,361,431 9,687,832 12,078,740 7,045,106 181,952,243
資產負債表內持倉淨額 Net on-balance sheet positions (12,761,804) 30,568,050 (437,632) 1,086,426 (3,530,139) 14,924,901
資產負債表外持倉名義淨額 * Off-balance sheet net notional
positions* 25,579,010 (29,168,577) – (166,402) 3,514,048 (241,921)
信貸承擔 Credit commitments 61,894,526 4,953,658 683,772 3,443,879 123,117 71,098,952
* Off-balance sheet net notional positions represent the net notional
amounts of foreign currency derivative financial instruments which
are principally used to reduce the Group’s exposure to currency
movements.
3. 財務風險管理（續）
市場風險（續）
外匯風險
下表概列本集團按貨幣劃分及以港幣等值列出之
金融資產及負債，以及資產負債表外持倉名義淨
額及信貸承擔之金額。
* 資產負債表外持倉名義淨額指主要用於減輕本集
團外匯變動風險之外幣金融衍生工具的名義淨
額。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報166
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Currency risk (Continued)
港元 美元 澳門幣 人民幣 其他 合計
2015年12月 31日 At 31 December 2015 HKD USD MOP RMB Others Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 5,645,828 7,749,441 496,360 2,062,617 1,551,660 17,505,906
在銀行1至12個月內到期的存款 Placements with banks maturing
between one and twelve months 300,001 5,060,782 – 1,825,588 311,489 7,497,860
持作買賣用途的證券 Trading securities 8,572,347 – – 47 – 8,572,394
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – 217,796 – – – 217,796
衍生金融工具 Derivative financial instruments 42,870 975,141 – 52 61,265 1,079,328
各項貸款及其他賬目 Advances and other accounts 84,545,684 17,186,933 5,872,044 9,870,768 945,916 118,421,345
可供出售證券 Available-for-sale securities 3,452,398 20,051,995 631 456,016 238,748 24,199,788
持至到期證券 Held-to-maturity securities 540,296 6,513,189 1,994,338 1,132,754 295,719 10,476,296
金融資產合計 Total financial assets 103,099,424 57,755,277 8,363,373 15,347,842 3,404,797 187,970,713
負債 Liabilities
銀行存款 Deposits from banks 103,918 1,446,107 152 112 622 1,550,911
衍生金融工具 Derivative financial instruments 29,639 1,413,377 – 581 14,835 1,458,432
持作買賣用途的負債 Trading liabilities 6,270,630 – – – – 6,270,630
客戶存款 Deposits from customers 107,594,717 15,782,914 8,381,870 13,542,557 5,545,845 150,847,903
已發行的存款證 Certificates of deposit issued 5,945,244 286,593 – – – 6,231,837
後償債務 Subordinated notes – 4,096,710 – – 1,223,184 5,319,894
其他賬目及預提 Other accounts and accruals 1,434,299 629,539 55,207 408,514 93,255 2,620,814
金融負債合計 Total financial liabilities 121,378,447 23,655,240 8,437,229 13,951,764 6,877,741 174,300,421
資產負債表內持倉淨額 Net on-balance sheet positions (18,279,023) 34,100,037 (73,856) 1,396,078 (3,472,944) 13,670,292
資產負債表外持倉名義淨額 * Off-balance sheet net notional
positions* 29,612,545 (33,002,743) – (283,729) 3,488,306 (185,621)
信貸承擔 Credit commitments 60,704,881 6,288,507 902,569 2,461,184 102,022 70,459,163
3. 財務風險管理（續）
市場風險（續）
外匯風險（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 167
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Interest rate risk
The table below summarises the Group’s exposure to interest rate
risks. Included in the table are the Group’s financial assets and
liabilities at carrying amounts, categorised by the earlier of contractual
repricing or maturity dates.
3個月以上 1年以上
3個月 至1年 至5年
或以下 Over Over 5年以上 不計息
3 months 3 months 1 year Over Non-interest 合計
2016年12月31日 At 31 December 2016 or less to 1 year to 5 years 5 years Bearing Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 14,433,181 – – – 625,606 15,058,787
在銀行1至12個月內到期的存款 Placements with banks maturing
between one and twelve months 7,341,451 1,089,403 – – – 8,430,854
持作買賣用途的證券 Trading securities 4,931,755 3,880,021 60,068 – – 8,871,844
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – – – – 279,056 279,056
衍生金融工具 Derivative financial instruments – – – – 1,177,322 1,177,322
各項貸款及其他賬目 Advances and other accounts 97,350,046 6,756,560 9,903,125 1,798,264 4,288,210 120,096,205
可供出售證券 Available-for-sale securities 5,852,865 2,797,424 13,324,477 10,293,182 471,288 32,739,236
持至到期證券 Held-to-maturity securities 4,266,296 3,147,947 2,809,597 – – 10,223,840
金融資產合計 Total financial assets 134,175,594 17,671,355 26,097,267 12,091,446 6,841,482 196,877,144
負債 Liabilities
銀行存款 Deposits from banks 793,232 33,358 1,395,828 – 95,785 2,318,203
衍生金融工具 Derivative financial instruments – – – – 1,343,418 1,343,418
持作買賣用途的負債 Trading liabilities 5,283,167 2,415,765 49,955 – – 7,748,887
客戶存款 Deposits from customers 123,042,794 23,355,524 1,286,633 – 6,178,022 153,862,973
已發行的存款證 Certificates of deposit issued 3,642,359 1,659,472 1,258,145 – – 6,559,976
後償債務 Subordinated notes 1,634,220 – 5,511,943 – – 7,146,163
其他賬目及預提 Other accounts and accruals 7,650 – – – 2,964,973 2,972,623
金融負債合計 Total financial liabilities 134,403,422 27,464,119 9,502,504 – 10,582,198 181,952,243
利息敏感差距合計（未經調整）* Total interest sensitivity gap (unadjusted)* (227,828) (9,792,764) 16,594,763 12,091,446
利率衍生工具合約之影響 Effect of interest rate derivative contracts 5,677,142 (61,225) 4,218,879 (10,022,433)
利息敏感差距合計（經調整）* Total interest sensitivity gap (adjusted)* 5,449,314 (9,853,989) 20,813,642 2,069,013
* Unadjusted interest sensitivity gap is determined based on positions of
on-balance sheet assets and liabilities. Adjusted interest sensitivity gap
takes into account the effect of interest rate derivative contracts entered
into to mitigate interest rate risk.
3. 財務風險管理（續）
市場風險（續）
利率風險
下表概列本集團之利率風險。表內包括本集團按
賬面金額計算之金融資產及負債，並按重定息率
日或到期日（以較早者為準）分類。
* 未經調整利息敏感差距乃按資產負債表內資產和
負債的持倉量釐定。經調整利息敏感差距已計入
就減低利率風險而進行的利率衍生工具合約的效
果。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報168
3. FINANCIAL RISK MANAGEMENT (Continued)
Market risk (Continued)
Interest rate risk (Continued)
3個月以上 1年以上
3個月 至1年 至5年
或以下 Over Over 5年以上 不計息
3 months 3 months 1 year Over Non-interest 合計
2015年12月31日 At 31 December 2015 or less to 1 year to 5 years 5 years Bearing Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 15,733,402 1,111,202 – – 661,302 17,505,906
在銀行1至12個月內到期的存款 Placements with banks maturing
between one and twelve months 4,399,716 3,098,144 – – – 7,497,860
持作買賣用途的證券 Trading securities 2,421,056 6,121,951 29,387 – – 8,572,394
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – – – – 217,796 217,796
衍生金融工具 Derivative financial instruments – – – – 1,079,328 1,079,328
各項貸款及其他賬目 Advances and other accounts 96,168,243 8,017,829 8,099,579 1,678,326 4,457,368 118,421,345
可供出售證券 Available-for-sale securities 2,782,122 2,139,471 12,311,285 6,495,894 471,016 24,199,788
持至到期證券 Held-to-maturity securities 3,503,986 677,165 6,295,145 – – 10,476,296
金融資產合計 Total financial assets 125,008,525 21,165,762 26,735,396 8,174,220 6,886,810 187,970,713
負債 Liabilities
銀行存款 Deposits from banks 686,709 – 813,755 – 50,447 1,550,911
衍生金融工具 Derivative financial instruments – – – – 1,458,432 1,458,432
持作買賣用途的負債 Trading liabilities 703,526 5,504,770 62,334 – – 6,270,630
客戶存款 Deposits from customers 116,684,257 27,616,233 747,174 – 5,800,239 150,847,903
已發行的存款證 Certificates of deposit issued 3,160,688 1,616,677 1,454,472 – – 6,231,837
後償債務 Subordinated notes – – 5,319,894 – – 5,319,894
其他賬目及預提 Other accounts and accruals – – – – 2,620,814 2,620,814
金融負債合計 Total financial liabilities 121,235,180 34,737,680 8,397,629 – 9,929,932 174,300,421
利息敏感差距合計（未經調整）* Total interest sensitivity gap (unadjusted)* 3,773,345 (13,571,918) 18,337,767 8,174,220
利率衍生工具合約之影響 Effect of interest rate derivative contracts 2,825,721 795,495 2,326,751 (6,105,877)
利息敏感差距合計（經調整）* Total interest sensitivity gap (adjusted)* 6,599,066 (12,776,423) 20,664,518 2,068,343
3. 財務風險管理（續）
市場風險（續）
利率風險（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 169
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk
Liquidity risk is the risk that the Group is unable to fund increases in
assets or meet its payment obligations associated with its financial
liabilities when they fall due without incurring unacceptable loss.
Liquidity risk management process
The Group manages its liquidity on a prudent basis with the objective
to comply with the statutory standard and to ensure that there is an
adequate liquidity and funding capacity to meet normal business
operations and to withstand a prolonged period of liquidity stress of
not less than a month. Starting from 1 January 2015, the Group has
adopted the Liquidity Maintenance Ratio (“LMR”) introduced by the
HKMA to replace the liquidity ratio as a regulatory standard as part of
the implementation of Basel III liquidity regime in Hong Kong. During
the period, the Group had maintained a sufficiently high LMR well
above the statutory minimum of 25%.
Moreover, the Group has maintained a sound l iquidi ty r isk
management framework in accordance with the requirements set
forth in the SPM LM-2 on “Sound Systems and Controls for Liquidity
Risk Management” issued by the HKMA in April 2011. The SPM LM-2
is developed to implement the liquidity sound principles formulated
by the Basel Committee on Banking Supervision (“Basel Committee”)
to strengthen the liquidity risk management standards of banks.
During 2016, the HKMA has issued the revised SPM module LM-1
“Regulatory Framework for Supervision of Liquidity Risk” in July and
the revised module of the SPM LM-2 in November respectively. The
liquidity management and reporting framework as well as disclosures
of the Group are being enhanced for meeting the new requirements.
3. 財務風險管理（續）
流動資金風險
流動資金風險乃指本集團未能在不衍生不可接受
之損失的情況下為新增的資產融資或就到期之金
融負債履行付款責任。
流動資金風險管理程序
本集團按審慎原則管理資金流動性，旨在符合法
定準則及確保有充足之流動性及融資能力，以應
付日常的業務營運及能承受不短於1個月之持續
資金壓力。自2015年1月1日起，本集團已採納
香港金管局就巴塞爾協定 III之流動性制度在香港
之實施部份引入流動資產維持比率（「流動資產維
持比率」）以取代流動資金比率為監管準則。本集
團於期內保持流動資產維持比率遠高於法定最低
要求的25%。
此外，本集團已根據香港金管局於2011年4月頒
佈的《監管政策手冊》LM-2「穩健的流動性風險管
理制度及管控措施」之規定維護健全的流動性風
險管理框架。《監管政策手冊》LM-2乃為實施巴
塞爾銀行監管委員會（「巴塞爾委員會」）所確立之
健全流動性原則而制定，旨在強化銀行的流動性
風險管理標準。於2016年內，香港金管局於7月
及11月分別頒佈經修訂之《監管政策手冊》單元
LM-1「流動性風險監管制度」及經修訂之《監管政
策手冊》單元LM-2。本集團正在加強流動性管理
及報告框架和披露以符合新規定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報170
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Liquidity risk management process (Continued)
Liquidity risk management is governed by the policy and framework
approved by the Board, which delegates to the Group’s ALCO to
oversee liquidity risk management. The ALCO regularly reviews the
Group’s loan and deposit mix and changes, funding requirements and
projections, and monitors a set of liquidity risk metrics, including the
LMR and maturity mismatch on an ongoing basis. Appropriate limits
or triggers on these risk metrics are set and sufficient liquid assets
are held to ensure that the Group can meet all short-term funding
requirements. The Treasury Division is responsible for the day-to-
day management of funding and liquidity position while the RMCD
is responsible for the measurement and monitoring of liquidity risk
exposures on a daily and monthly basis, and also conducting liquidity
analysis and stress testing. The Financial Control Division handles
regulatory reporting in relation to liquidity risk, and coordinates the
regular forecast of loans and deposits, and LMR, budget and analysis
relating to liquidity and funding management.
The Group places considerable importance to establish a diversified
and stable funding. While customer deposits form the primary portion
of the Group’s funding, certificates of deposit and medium term notes
are issued at opportune time in order to lengthen the funding maturity
and optimise asset and liability maturities. Short-term interbank
deposits are taken on a limited basis with the aim of maintaining the
presence in the market and the Group is a net lender to the interbank
market.
The moni tor ing and report ing take the forms of cash f low
measurements and projections for different time horizons, including
the next day, week and month, which are key periods for liquidity
management. The starting point for those projections is an analysis
of the contractual maturity of the financial assets and liabilities as
well as the expected maturity of these assets and liabilities based
on historical observations. The cash flow projections also take into
account the historical behaviour of off-balance sheet items, including
undrawn lending commitments and contingent liabilities such as
standby letters of credit and guarantees. A liquidity cushion is held to
withstand unexpected shortfall in net cash flow. Eligible securities in
the cushion are mainly in high credit quality and have sufficient market
depth that can be realised within 1 month. Debt securities held are
marked to the market on daily basis to ensure their market liquidity.
3. 財務風險管理（續）
流動資金風險（續）
流動資金風險管理程序（續）
流動性風險管理乃遵照經董事會批准之政策及框
架管理，據此授權本集團的資產及負債管理委員
會監控流動性風險管理。本集團的資產及負債管
理委員會定期檢討本集團之貸款及存款的組合及
變化、融資需求及預測，以及對一系列包括流動
資產維持比率及到期錯配狀況之流動性風險度量
作持續監控。本集團對此等風險度量訂定適當的
限額及觸發額，並持有充足的流動資產以確保能
應付所有短期資金的需求。財資部負責資金及流
動性狀況之日常管理，而風險管理及監控部負責
每日及每月計量及監控流動性的風險敞口，亦進
行流動性分析及壓力測試。財務監理處則處理有
關流動性風險之監管報告，並組織編製貸款與存
款以及流動資產維持比率的定期預測、預算和與
流動性及資金管理有關之分析。
本集團高度重視建立多樣化及穩定的資金來源。
除了客戶存款為本集團的資金之基本部份，本集
團亦適時發行存款證及中期票據藉以延長資金的
融資年期及優化資產及負債之年期。在有限制的
基礎下，亦會吸納短期銀行同業存款以維持在市
場上的佔有率為目標。本集團乃銀行同業市場的
淨放款人。
監控及呈報按不同時限之現金流計量及推測方式
實行，時限按流動性管理之主要區間包括次日、
一星期及一個月來區分。此等推測首先分析該等
金融資產及負債之合約到期日，並且依據過往觀
察預計該等金融資產及負債的預期到期日。預測
現金流亦考慮資產負債表外項目，包括未提取借
貸承擔及或然負債（例如備用信用證及擔保）之過
往行為。流動性緩衝的設立是應付突如其來之淨
現金流出缺欠。於流動性緩衝內之合資格證券主
要為高信貸質素及其擁有充足市場流通性而可於
1個月內變現的。持有之債務證劵按每日基準以
市值入賬以確保其市場流動性。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 171
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Liquidity risk management process (Continued)
內部分類 將確認之現金 資產類別 合資格準則
Internal categorisation Cash to be recognised Asset classes Eligibility criteria
第1級 1個月內 政府、多邊發展銀行及公營單位發行
之債務證券
0% 及 20%之風險權重
Level 1 Within 1 month Debt securities issued by
government, multilateral
development banks and public
sector entities
0% and 20% risk weighted
第2級 1個月內 非金融企業發行之債務證券 信貸評級為A- 或以上
Level 2 Within 1 month Debt securities issued by non-
financial corporate entities
Credit rating with A- or above
Size of the liquidity cushion
（百萬港元）
(in HK$ million)
內部分類 Internal categorisation 2016 2015
第1級 Level 1 14,355 11,554
第2級 Level 2 9,684 7,891
3. 財務風險管理（續）
流動資金風險（續）
流動資金風險管理程序（續）
流動性緩衝的規模
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報172
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Liquidity risk management process (Continued)
The Group performs stress testing regularly, which includes an
institution-specific crisis scenario, a general market crisis scenario
and a combination of these crisis scenarios in order to assess the
potential impact on its liquidity position under stressed market
conditions and has formulated a contingency plan that sets out
strategies for dealing with liquidity problems and the procedures
for making up cash flow deficits (. conducting repo transactions
or liquidation of assets held for liquidity risk management purpose)
in emergency situations. Intragroup transactions are conducted
on arm’s length basis and are treated the same way as other third
party transactions for the purpose of cash flow projection under
normal scenario. Subsidiaries of the Group are required to manage
their liquidity positions to meet their needs under both normal and
stressed conditions. Most of the Group’s derivative transactions
are exchange rate contracts and interest rate contracts. Under the
terms of our collateral obligations under derivative contracts, in the
event of a three-notch downgrade in credit ratings, the impact on the
Group’s liquidity position from additional collateral required to post is
immaterial.
Maturity analysis
The table below analyses the Group’s assets and liabilities into
relevant maturity groupings based on the remaining period at the
end of the reporting period to the contractual maturity date or, where
applicable, the earliest callable date.
3. 財務風險管理（續）
流動資金風險（續）
流動資金風險管理程序（續）
本集團定期進行壓力測試，包括與機構特定相關
的、一般市場危機的及併合兩者的不同方案以評
估流動性狀況在受壓之市場情況下的潛在影響，
並已制定緊急應變計劃，詳列應對流動性問題之
策略和於緊急情況下填補現金流不足之程序（例
如進行回購協議交易或變賣持作流動性風險管理
用途之資產）。集團公司間之交易按公平原則進
行及就正常情況下之現金流預測而言，如同與其
他第三方之交易處理。本集團之附屬公司於正常
及受壓情況下須管理其流動資金狀況以應付其需
要。本集團之衍生工具交易大多為外匯合約及利
率合約。按衍生工具合約下本集團之抵押品責任
條款，倘信貸評級被調降3級，額外需要投放的
抵押品數目對本集團的流動資金狀況影響是輕
微。
到期日分析
下表分析本集團按報告期末至有關合約到期日或
最早可贖回日（如適用）之剩餘期限分類之資產及
負債。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 173
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Maturity analysis (Continued)
1個月以上 3個月以上
但3個月或以下 至1年 1年以上
即期償還 1個月或以下 3 months or Over 至5年
Repayable Up to less but over 3 months Over 1 year 5年以上 無註明日期 合計
2016年12月31日 At 31 December 2016 on demand 1 month 1 month to 1 year to 5 years Over 5 years Indefinite Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 1,976,261 13,082,526 – – – – – 15,058,787
在銀行1至12個月內 Placements with banks maturing
到期的存款 between one and twelve months – – 7,463,765 967,089 – – – 8,430,854
持作買賣用途的證券 Trading securities – 2,602,110 2,706,114 3,469,166 94,454 – – 8,871,844
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – – – – – 279,056 – 279,056
衍生金融工具 Derivative financial instruments – 62,761 153,035 604,064 119,772 237,690 – 1,177,322
各項貸款及其他賬目 Advances and other accounts 8,246,624 14,898,538 11,842,894 14,926,815 32,246,185 36,374,530 1,560,619 120,096,205
可供出售證券 Available-for-sale securities – 2,057,565 3,052,212 3,006,572 13,309,842 10,841,757 471,288 32,739,236
持至到期證券 Held-to-maturity securities – 1,676,029 2,908,307 3,179,324 2,460,180 – – 10,223,840
聯營公司投資 Investment in an associate – – – – – – 4,253,393 4,253,393
共同控制實體投資 Investments in jointly controlled entities – – – – – – 75,412 75,412
商譽 Goodwill – – – – – – 811,690 811,690
無形資產 Intangible assets – – – – – – 58,640 58,640
行產及其他固定資產 Premises and other fixed assets – – – – – – 2,098,846 2,098,846
投資物業 Investment properties – – – – – – 964,447 964,447
即期稅項資產 Current income tax assets – – – 2,791 – – – 2,791
遞延稅項資產 Deferred income tax assets – – – – 68,286 – – 68,286
資產合計 Total assets 10,222,885 34,379,529 28,126,327 26,155,821 48,298,719 47,733,033 10,294,335 205,210,649
負債 Liabilities
銀行存款 Deposits from banks 41,180 124,926 730,360 33,358 1,388,379 – – 2,318,203
衍生金融工具 Derivative financial instruments – 90,292 327,153 646,769 189,167 90,037 – 1,343,418
持作買賣用途的負債 Trading liabilities – 550,384 4,732,783 2,415,765 49,955 – – 7,748,887
客戶存款 Deposits from customers 59,330,699 29,482,803 40,407,315 23,355,524 1,286,632 – – 153,862,973
已發行的存款證 Certificates of deposit issued – 1,245,281 2,247,083 1,809,467 1,258,145 – – 6,559,976
後償債務 Subordinated notes – – 1,634,220 – 5,511,943 – – 7,146,163
其他賬目及預提 Other accounts and accruals 50,394 1,228,367 701,825 763,710 59,208 2,353 166,766 2,972,623
即期稅項負債 Current income tax liabilities – – – 160,096 – – – 160,096
遞延稅項負債 Deferred income tax liabilities – – – – 91,741 – – 91,741
負債合計 Total liabilities 59,422,273 32,722,053 50,780,739 29,184,689 9,835,170 92,390 166,766 182,204,080
淨流動性差距 Net liquidity gap (49,199,388) 1,657,476 (22,654,412) (3,028,868) 38,463,549 47,640,643 10,127,569 23,006,569
3. 財務風險管理（續）
流動資金風險（續）
到期日分析（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報174
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Maturity analysis (Continued)
1個月以上 3個月以上
但 3個月或以下 至 1年 1年以上
即期償還 1個月或以下 3 months or Over 至 5年
Repayable Up to less but over 3 months Over 1 year 5年以上 無註明日期 合計
2015年12月31日 At 31 December 2015 on demand 1 month 1 month to 1 year to 5 years Over 5 years Indefinite Total
資產 Assets
現金及在銀行的結餘 Cash and balances with banks 2,242,604 15,263,302 – – – – – 17,505,906
在銀行1至12個月內 Placements with banks maturing
到期的存款 between one and twelve months – – 4,399,719 3,098,141 – – – 7,497,860
持作買賣用途的證券 Trading securities – 970,485 1,866,683 5,685,617 49,609 – – 8,572,394
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產 fair value through profit or loss – – – – – 217,796 – 217,796
衍生金融工具 Derivative financial instruments – 127,618 61,352 321,722 522,780 45,856 – 1,079,328
各項貸款及其他賬目 Advances and other accounts 8,287,084 13,158,097 13,997,865 16,916,271 29,030,243 35,731,575 1,300,210 118,421,345
可供出售證券 Available-for-sale securities – 272,680 1,801,792 2,593,677 11,974,532 7,086,091 471,016 24,199,788
持至到期證券 Held-to-maturity securities – 1,427,783 634,405 1,865,857 6,548,251 – – 10,476,296
聯營公司投資 Investment in an associate – – – – – – 4,099,217 4,099,217
共同控制實體投資 Investments in jointly controlled entities – – – – – – 71,119 71,119
商譽 Goodwill – – – – – – 811,690 811,690
無形資產 Intangible assets – – – – – – 59,805 59,805
行產及其他固定資產 Premises and other fixed assets – – – – – – 1,941,866 1,941,866
投資物業 Investment properties – – – – – – 991,376 991,376
即期稅項資產 Current income tax assets – – – 2,680 – – – 2,680
遞延稅項資產 Deferred income tax assets – – – – 83,473 – – 83,473
資產合計 Total assets 10,529,688 31,219,965 22,761,816 30,483,965 48,208,888 43,081,318 9,746,299 196,031,939
負債 Liabilities
銀行存款 Deposits from banks 21,047 96,303 40,000 581,254 812,307 – – 1,550,911
衍生金融工具 Derivative financial instruments – 90,088 62,248 357,894 763,153 185,049 – 1,458,432
持作買賣用途的負債 Trading liabilities – 436,010 267,504 5,504,770 62,346 – – 6,270,630
客戶存款 Deposits from customers 57,883,788 32,435,312 32,164,278 27,617,351 747,174 – – 150,847,903
已發行的存款證 Certificates of deposit issued – 1,310,093 1,850,594 1,616,677 1,454,473 – – 6,231,837
後償債務 Subordinated notes – – – – 5,319,894 – – 5,319,894
其他賬目及預提 Other accounts and accruals 21,624 840,387 631,116 769,600 45,972 – 312,115 2,620,814
即期稅項負債 Current income tax liabilities – – – 201,978 – – – 201,978
遞延稅項負債 Deferred income tax liabilities – – – – 46,556 – – 46,556
負債合計 Total liabilities 57,926,459 35,208,193 35,015,740 36,649,524 9,251,875 185,049 312,115 174,548,955
淨流動性差距 Net liquidity gap (47,396,771) (3,988,228) (12,253,924) (6,165,559) 38,957,013 42,896,269 9,434,184 21,482,984
3. 財務風險管理（續）
流動資金風險（續）
到期日分析（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 175
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Maturity analysis (Continued)
In respect of certificates of deposit held for investment purpose
and included in total assets as at the end of the reporting period,
the relevant balance, analysed based on the remaining period to
contractual maturity, is shown as follows:
1個月以上 3個月以上
但3個月或以下 至1年 1年以上
即期償還 1個月或以下 3 months or Over 至5年
Repayable Up to less but over 3 months Over 1 year 5年以上 無註明日期 合計
on demand 1 month 1 month to 1 year to 5 years Over 5 years Indefinite Total
2016年12月31日 At 31 December 2016
存款證包含於： Certificates of deposit held
included in:
持至到期證券 Held-to-maturity securities – – 100,000 100,000 200,000 – – 400,000
2015年12月31日 At 31 December 2015
存款證包含於： Certificates of deposit held
included in:
持至到期證券 Held-to-maturity securities – 378,578 – 498,955 300,000 – – 1,177,533
The matching and controlled mismatching of the maturities and
interest rates of assets and liabil it ies are fundamental to the
management of the Group. It is unusual for banks to be completely
matched, as businesses transacted are often of uncertain term
and of different types. An unmatched position potentially enhances
profitability, but also increases the risk of losses.
The maturities of assets and liabilities and the ability to replace, at
an acceptable cost, interest-bearing liabilities as they mature are
important factors in assessing the liquidity of the Group and its
exposure to changes in interest rates and exchange rates.
Liquidity requirements to support calls under guarantees and
standby letters of credit are considerably less than the amount of the
commitment because the Group does not generally expect the third
parties to fully draw funds under the agreement. The total outstanding
contractual amount of commitments to extend credit does not
necessarily represent future cash requirements, as many of these
commitments will expire or terminate without being funded.
3. 財務風險管理（續）
流動資金風險（續）
到期日分析（續）
於報告期末持作投資用途及包含在資產總額內的
存款證之有關結餘，按合約到期日前之剩餘期限
分析列示如下：
資產與負債期限及利率的相配和受控的錯配對集
團管理層十分重要。由於進行的業務交易經常有
不確定的期限及不同類別，對銀行而言，完全相
配的情況並不普遍。不相配的持倉既可能提高盈
利能力，但也會增加虧損風險。
資產與負債的到期日及以合理的成本替代到期之
附息負債的能力，是評估集團流動資金及其因利
率及匯率變動所承擔風險的重要因素。
因集團一般不預期第三方會根據有關協議全數動
用資金，應付擔保和備用信用證項下所需款項的
流動資金需求遠少於承擔的金額。由於很多信貸
承擔於到期或終止日毋須動用資金，因此用於提
供信貸之信貸承擔的未償付合約總金額未必等同
日後的現金需求。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報176
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Undiscounted cash flows by contractual maturities
The table below presents the cash flows payable by the Group under
non-derivative financial liabilities, derivative financial liabilities that
will be settled on a net basis and derivative financial instruments that
will be settled on gross basis by remaining contractual maturities at
the end of the reporting period. The amounts disclosed in the table
are the contractual undiscounted cash flows, whereas the Group
manages the inherent liquidity risk based on expected undiscounted
cash inflows.
The Group’s derivatives that normally will be settled on a net basis
include:
• Foreign exchange derivatives: OTC currency options, currency
futures, exchange-traded currency options;
• Interest rate derivatives: interest rate swaps, forward rate
agreements, OTC interest rate options, interest rate futures and
other interest rate contracts; and
• Equity derivatives: equity options.
The Group’s derivatives that will be settled on a gross basis include:
• Foreign exchange derivatives: currency forward, currency
swaps;
• Interest rate derivatives: interest rate swaps and cross currency
interest rate swaps; and
• Credit derivatives: credit default swaps.
3. 財務風險管理（續）
流動資金風險（續）
按合約到期日之未貼現現金流
下表列示本集團就非衍生金融負債之應付額、衍
生金融負債結算之淨額及衍生金融工具結算之總
額，按報告期末之合約到期日剩餘時間將發生之
現金流。表內列示之數額為合約未貼現現金流，
而本集團依據預計之未貼現流入現金以管理固有
的流動資金風險。
本集團通常按淨額基準結算之衍生工具包括：
• 外匯衍生工具：場外交易外匯期權、外匯
期貨、交易所交易外匯期權；
• 利 率 衍 生 工 具： 利 率 掉 期、 遠 期 利 率 合
約、場外交易利率期權、利率期貨及其他
利率合約；及
• 權益性衍生工具：權益性期權。
本集團通常按總額基準結算之衍生工具包括：
• 外匯衍生工具：遠期外匯、外匯掉期；
• 利率衍生工具：利率掉期及交換貨幣利率
掉期；及
• 信貸性衍生工具：信用違約交換合約。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 177
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Undiscounted cash flows by contractual maturities
(Continued)
1個月以上但 3個月以上
3個月或以下 至1年 1年以上
1個月或以下 3 months or Over 至5年
Up to less but over 3 months Over 1 year 5年以上 合計
2016年12月31日 At 31 December 2016 1 month 1 month to 1 year to 5 years Over 5 years Total
非衍生工具現金流 Non-derivative cash flow
負債 Liabilities
銀行存款 Deposits from banks 171,310 739,161 57,281 1,388,593 – 2,356,345
客戶存款 Deposits from customers 89,055,694 41,035,364 23,627,830 1,380,074 – 155,098,962
持作買賣用途的負債 Trading liabilities 550,500 4,737,209 2,423,828 50,327 – 7,761,864
已發行的存款證 Certificates of deposit issued 1,263,992 2,264,701 1,852,694 1,318,939 – 6,700,326
後償債務 Subordinated notes 45,801 1,733,232 185,989 6,184,172 – 8,149,194
其他負債 Other liabilities 1,156,192 361,771 368,619 9,294 22,806 1,918,682
負債總額 Total liabilities
（合約到期日） (contractual maturity dates) 92,243,489 50,871,438 28,516,241 10,331,399 22,806 181,985,373
衍生工具現金流 Derivative cash flow
按淨額結算之衍生金融工具 Derivative financial instruments
settled on net basis (8,962) (13,083) (5,249) (11,153) (1,370) (39,817)
按總額結算之衍生金融工具 Derivative financial instruments
settled on a gross basis
流出總額 Total outflow 37,504,889 14,088,014 26,098,609 3,073,949 970,731 81,736,192
流入總額 Total inflow (37,492,892) (14,058,105) (25,951,105) (2,646,157) (651,300) (80,799,559)
11,997 29,909 147,504 427,792 319,431 936,633
3. 財務風險管理（續）
流動資金風險（續）
按合約到期日之未貼現現金流（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報178
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Undiscounted cash flows by contractual maturities
(Continued)
1個月以上但 3個月以上
3個月或以下 至1年 1年以上
1個月或以下 3 months or Over 至5年
Up to less but over 3 months Over 1 year 5年以上 合計
2015年12月 31日 At 31 December 2015 1 month 1 month to 1 year to 5 years Over 5 years Total
非衍生工具現金流 Non-derivative cash flow
負債 Liabilities
銀行存款 Deposits from banks 157,502 977 581,766 812,307 – 1,552,552
客戶存款 Deposits from customers 90,526,511 32,826,501 27,934,728 1,362,298 – 152,650,038
持作買賣用途的負債 Trading liabilities 436,000 267,620 5,505,473 62,724 – 6,271,817
已發行的存款證 Certificates of deposit issued 1,318,436 1,859,906 1,657,069 1,491,721 – 6,327,132
後償債務 Subordinated notes 46,791 103,437 148,769 5,893,981 – 6,192,978
其他負債 Other liabilities 721,002 344,365 332,718 – 54,463 1,452,548
負債總額 Total liabilities
（合約到期日） (contractual maturity dates) 93,206,242 35,402,806 36,160,523 9,623,031 54,463 174,447,065
衍生工具現金流 Derivative cash flow
按淨額結算之衍生金融工具 Derivative financial instruments
settled on net basis 6,690 4,848 (25,200) (52,362) (2,158) (68,182)
按總額結算之衍生金融工具 Derivative financial instruments
settled on a gross basis
流出總額 Total outflow 34,372,894 18,995,925 29,679,102 2,808,579 503,610 86,360,110
流入總額 Total inflow (34,414,618) (18,995,176) (29,437,748) (2,382,385) (249,458) (85,479,385)
(41,724) 749 241,354 426,194 254,152 880,725
3. 財務風險管理（續）
流動資金風險（續）
按合約到期日之未貼現現金流（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 179
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Off-balance sheet items
Included in the table below are the following items:
• Loan commitments by reference to the dates of the contractual
amounts of the Group’s off-balance sheet financial instruments
that commit it to extend credit to customers and other facilities;
• Financial guarantees based on the conditions existing at the
reporting date as to what contractual payments are required;
• The future minimum lease payments under non-cancellable
operating leases in respect of operating lease commitments
where a Group company is the lessee; and
• Capital commitments for the acquisition of buildings and
equipment.
1年以內 1年以上 5年以上
No later 至5年 Over 合計
2016年12月31日 At 31 December 2016 than 1 year 1-5 years 5 years Total
貸款承擔 Loan commitments 67,252,494 1,799,476 455,744 69,507,714
擔保、承兌及 Guarantees, acceptances and
其他金融服務 other financial facilities
－擔保及備用信用證 – Guarantees and standby
letters of credit 827,652 148,601 – 976,253
－跟單及商業信用證 – Documentary and commercial
letters of credit 593,956 – – 593,956
遠期存款 Forward forward deposits placed 21,029 – – 21,029
經營租約承擔 Operating lease commitments 185,896 489,608 320,495 995,999
資本承擔 Capital commitments 62,717 – – 62,717
合計 Total 68,943,744 2,437,685 776,239 72,157,668
3. 財務風險管理（續）
流動資金風險（續）
資產負債表外項目
下表包括以下項目：
• 已承諾授予客戶信貸及其他服務之貸款承
擔（經考慮本集團資產負債表外金融工具之
合約本金日期）；
• 於申報日有關須按條款如期支付之財務擔
保；
• 本集團為承租人之不可取消經營租約承擔
於未來須支付之最低租賃付款總額；及
• 購置房產及設備之資本承擔。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報180
3. FINANCIAL RISK MANAGEMENT (Continued)
Liquidity risk (Continued)
Off-balance sheet items (Continued)
1年以內 1年以上 5年以上
No later 至5年 Over 合計
2015年12月31日 At 31 December 2015 than 1 year 1-5 years 5 years Total
貸款承擔 Loan commitments 66,145,095 2,958,451 140,456 69,244,002
擔保、承兌及 Guarantees, acceptances and
其他金融服務 other financial facilities
－擔保及備用信用證 – Guarantees and standby
letters of credit 356,891 417,443 2,178 776,512
－跟單及商業信用證 – Documentary and commercial
letters of credit 438,649 – – 438,649
遠期存款 Forward forward deposits placed – – – –
經營租約承擔 Operating lease commitments 183,332 468,581 349,332 1,001,245
資本承擔 Capital commitments 165,688 – – 165,688
合計 Total 67,289,655 3,844,475 491,966 71,626,096
Fair values of financial assets and liabilities
(a) Determination of fair value
Fair values are subject to a control framework that the Board is
held responsible for ensuring proper valuation governance and
control processes of the Group. It delegates the responsibility
for overseeing the valuation process for financial instruments to
the TIRC. Valuation is performed independently by RMCD and
where appropriate, by independent and professionally qualified
valuers and the valuation results are periodically verified to
ensure the integrity of the fair value measurement process.
The fair value of financial instruments is the price that would be
received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement
date under current market conditions regardless of whether
that price is directly observable or estimated using a valuation
technique.
3. 財務風險管理（續）
流動資金風險（續）
資產負債表外項目（續）
金融資產及負債之公平值
（甲） 公平值之釐定
公平值受限於須由董事會負責確保本集團
有適當的估值管治及控制程序之控制框
架。董事會授權財資及投資風險委員會監
管金融工具之估值程序。估值由風險管理
及監控部和獨立專業合資格估值師（如適
用）獨立地進行，而估值結果乃定期驗證，
確保公平值計量過程之完整性。
金融工具之公平值乃在目前市場情況下市
場參與者於計量日進行之有序交易中出售
資產所收取或轉移負債所支付之價格，不
論該價格為直接可觀察或使用估值方法估
計。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 181
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(a) Determination of fair value (Continued)
A financial instrument is regarded as quoted in an active market
if quoted prices are readily and regularly available from an
exchange, dealer, broker, industry group, pricing service or
regulatory agency. A quoted price in an active market provides
the most reliable evidence of fair value and shall be used
whenever available. If a financial asset or a financial liability has
a bid price and an ask price, the price within the bid-ask spread
that is most representative of fair value in the circumstances is
used by the Group.
Where observable market quotation of financial instruments is
not directly available, the Group estimates the fair value of such
financial instruments by using appropriate valuation techniques
that are widely recognised including present value techniques
and standard option pricing models. In applying valuation
techniques for these financial instruments, the Group maximises
the use of relevant observable inputs (for examples, interest
rates, foreign exchange rates, volatilities, credit spreads) and
minimises the use of unobservable inputs. For example, the
fair value of interest-rate swaps is calculated as the present
value of the estimated future cash flows, the fair value of foreign
exchange forward contracts is generally based on current
forward rates and the fair value of option contracts is derived
using appropriate pricing models, such as Black-Scholes
model.
The Group uses external price quotes and its own credit
spreads in determining the current value of its financial liabilities
and other liabilities for which it has elected the fair value option.
When the Group’s credit spreads widen, the Group recognises
a gain on these liabilities because the value of the liabilities has
decreased. When the Group’s credit spreads narrow, the Group
recognises a loss on these liabilities because the value of the
liabilities has increased.
Price data and parameters used in the measurement process
are reviewed carefully and adjusted, if necessary, to take
consideration of the current market developments.
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（甲） 公平值之釐定（續）
凡金融工具之報價隨時且定期由交易所、
交易商、經紀人、行業組織、定價服務及
監管機構發佈，則被視作為活躍市場報價
之金融工具。於活躍市場之報價為公平值
提供最可靠之證據，並須於可獲得時使
用。倘金融資產或金融負債有買入價及賣
出價，本集團將採用買賣差價中在該等情
況下最能代表公平值之價格。
倘金融工具之可觀察市場報價未能直接獲
得，本集團利用合適及獲廣泛認可之估值
方法估計該等金融工具之公平值，包括現
值方法及標準期權定價模型。於應用該等
金融工具之估值方法時，本集團盡最大限
度使用相關可觀察依據（例如﹕利率、匯
率、波動性、信貸息差），而盡最少限度使
用不可觀察依據。例如利率掉期合約之公
平值按估計的未來現金流之現值計算。遠
期外匯合約之公平值一般根據現行遠期匯
率計算，而期權合約之公平值則按合適之
定價模型計算，如Black-Scholes模型。
本集團使用外間報價及其本身信貸息差，
以釐定其金融負債及已選擇以公平值計量
之其他負債之現值。倘本集團之信貸息差
擴闊，負債之價值下降，本集團會確認該
等負債之收益。倘本集團之信貸息差收
窄，負債之價值上升，本集團會確認相對
該等負債之虧損。
如有需要，用於計量程序之價格數據及參
數會被仔細覆核及調整才應用，其中尤其
需要考慮當前的市場發展情況。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報182
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(b) Fair value hierarchy
The Group measures fair values using the following hierarchy
that reflects the significance of the observable and unobservable
inputs used in the fair value measurement:
Level Descriptions
1 Quoted prices (unadjusted) in active markets for
identical assets or liabilities. This level includes equity
securities and derivatives that are listed on exchanges.
2 Inputs other than quoted prices included within Level
1 that are observable for the asset or liability, either
directly (that is, as prices) or indirectly (that is, derived
from prices). This level includes the majority of the OTC
derivative contracts.
3 Inputs for the asset or liability that are not based on
observable market data (unobservable inputs). This
level includes equity and debt securities with significant
unobservable components.
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（乙） 公平值等級
本集團使用下列反映在釐定公平值中可觀
察及不可觀察參數重要性之體系計量公平
值：
級別 內容
1 相同資產或負債於活躍市場中之報價
（未經調整）。本級別包括於交易所上
市之權益性證券及衍生工具。
2 除第1級別所包括之報價外，其他資
產或負債能直接（即價格）或間接（即
從價格導出）地可觀察之數據，該級
別包括大多數場外交易衍生工具合
約。
3 資產或負債數據並非根據可觀察之市
場數據（不可觀察之數據）。本級別包
括具有大部份不可觀察部件之權益性
及債務證券。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 183
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(b) Fair value hierarchy (Continued)
Assets and liabilities measured at fair value:
第1級 第2級 第3級 合計
2016年12月31日 At 31 December 2016 Level 1 Level 2 Level 3 Total
內容 Descriptions
以公平值計量且其變動 Financial assets at fair value
計入損益的金融資產 through profit or loss
持作買賣用途 Held for trading
債務證券 Debt securities – 8,871,844 – 8,871,844
指定以公平值計量且其 Designated at fair value
變動計入損益 through profit or loss
債務證券 Debt securities – 279,056 – 279,056
衍生金融工具 Derivative financial instruments
持作買賣用途 Held for trading 24 831,107 – 831,131
持有用作對沖 Held for hedging – 346,191 – 346,191
可供出售之金融資產 Available-for-sale financial assets
債務證券 Debt securities – 32,267,946 4,828 32,272,774
權益性證券 Equity securities 254,705 136,704 75,053 466,462
按公平值計量之資產合計 Total assets measured at fair value 254,729 42,732,848 79,881 43,067,458
以公平值計量且其變動 Financial liabilities at fair value
計入損益的金融負債 through profit or loss
持作買賣用途 Held for trading – 7,748,887 – 7,748,887
衍生金融工具 Derivative financial instruments
持作買賣用途 Held for trading – 875,997 – 875,997
持有用作對沖 Held for hedging – 467,421 – 467,421
按公平值計量之負債合計 Total liabilities measured at fair value – 9,092,305 – 9,092,305
Financial assets classified as Level 3 assets represent investments
in unlisted equity securities and debentures. They are stated at
cost which is considered to be a reasonable approximation of fair
value.
For the year ended 31 December 2016 and 31 December 2015,
there were no transfers of financial assets and liabilities into or
out of the Level 3 fair value hierarchy. The changes in carrying
value represent the revaluation gains/losses.
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（乙） 公平值等級（續）
按公平值計量之資產及負債：
界定為第3級別資產之金融資產為非上市權
益性證券及債券投資。此等金融資產按被
視為公平值合理約數之成本值列示。
截 至2016年12月31日 及2015年12月31
日止年度，概無金融資產及負債轉入或轉
出公平值等級中的第3級別。賬面值之變動
為重估收益╱虧損。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報184
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(b) Fair value hierarchy (Continued)
Assets and liabilities measured at fair value: (Continued)
第1級 第2級 第3級 合計
2015 年 12 月 31日 At 31 December 2015 Level 1 Level 2 Level 3 Total
內容 Descriptions
以公平值計量且其變動 Financial assets at fair value
計入損益的金融資產 through profit or loss
持作買賣用途 Held for trading
債務證券 Debt securities – 8,572,394 – 8,572,394
指定以公平值計量且其 Designated at fair value
變動計入損益 through profit or loss
債務證券 Debt securities – 217,796 – 217,796
衍生金融工具 Derivative financial instruments
持作買賣用途 Held for trading 42 884,727 – 884,769
持有用作對沖 Held for hedging – 194,559 – 194,559
可供出售之金融資產 Available-for-sale financial assets
債務證券 Debt securities – 23,728,772 4,828 23,733,600
權益性證券 Equity securities 208,587 182,571 75,030 466,188
按公平值計量之資產合計 Total assets measured at fair value 208,629 33,780,819 79,858 34,069,306
以公平值計量且其變動 Financial liabilities at fair value
計入損益的金融負債 through profit or loss
持作買賣用途 Held for trading – 6,270,630 – 6,270,630
衍生金融工具 Derivative financial instruments
持作買賣用途 Held for trading – 939,144 – 939,144
持有用作對沖 Held for hedging – 519,288 – 519,288
按公平值計量之負債合計 Total liabilities measured at fair value – 7,729,062 – 7,729,062
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（乙） 公平值等級（續）
按公平值計量之資產及負債：（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 185
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(c) Financial instruments not measured at fair value
The table below summarises the carrying amounts and fair
values of those financial assets and liabilities not presented
in the Group’s statement of financial position at their fair
value. For disclosure purposes, these fair values have been
estimated by discounting the future contractual cash flows at
the current market interest rate that is available to the Group
for similar financial instruments, if applicable, or in the case of
investment securities, determined based on market prices or
price quotations.
賬面值 公平值
Carrying value Fair value
2016 2015 2016 2015
金融資產 Financial assets
現金及在銀行的結餘 Cash and balances with banks 15,058,787 17,505,906 15,057,714 17,507,491
在銀行1至12個月內 Placements with banks maturing
到期的存款 between one and twelve months 8,430,854 7,497,860 8,439,024 7,504,096
客戶貸款及墊款 Loans and advances to customers
個人貸款及墊款 Loans and advances to individuals
－信用卡 – Credit cards 4,613,534 4,706,017 4,613,724 4,706,498
－按揭貸款 – Mortgages 32,224,005 31,273,079 32,223,970 31,273,004
－其他 – Others 11,557,295 9,729,001 11,562,909 9,732,804
企業貸款及墊款 Loans and advances to
corporate entities
－有期貸款 – Term loans 30,862,318 29,150,773 30,864,563 29,149,405
－按揭貸款 – Mortgages 16,213,526 16,016,536 16,213,965 16,016,789
－貿易融資 – Trade finance 8,020,721 7,986,955 8,020,483 7,986,955
－其他 – Others 10,163,322 10,762,963 10,155,470 10,769,582
貿易票據 Trade bills 4,299,974 6,469,899 4,325,745 6,504,322
持至到期證券 Held-to-maturity securities 10,223,840 10,476,296 10,233,982 10,485,600
金融負債 Financial liabilities
銀行存款 Deposits from banks 2,318,203 1,550,911 2,318,874 1,569,956
客戶存款 Deposits from customers 153,862,973 150,847,903 153,953,616 150,898,667
已發行的存款證 Certificates of deposit issued 6,559,976 6,231,837 6,565,994 6,235,944
後償債務 Subordinated notes 7,146,163 5,319,894 7,298,495 5,452,466
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（丙） 未按公平值計量之金融工具
下表概述該等於本集團財務狀況表內未以
公平值列示之金融資產及負債之賬面值和
公平值。在披露財務資料時，此等公平值
乃根據（如適用）本集團以當時市場利率貼
現類同之金融工具未來合約約定的現金流
而估計或就證券投資而言，按市場價格或
報價釐定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報186
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(c) Financial instruments not measured at fair value (Continued)
(i) Placements with banks
The fair value of floating rate placements and overnight
deposits is their carrying amount. The estimated fair value
of fixed interest bearing deposits is based on discounted
cash flows using prevailing money-market interest rates
for debts with similar credit risk and remaining maturity.
(ii) Loans and advances to customers, and trade bills
The estimated fair value of loans and advances and trade
bills represents the discounted amount of estimated future
cash flows expected to be received. Expected cash flows
are discounted at current market rates to determine fair
value.
(iii) Investment securities
Investment securities include interest-bearing assets
included in the held-to-maturity category. Fair value of
held-to-maturity assets is based on market prices or
broker/dealer price quotations. Where this information is
not available, fair value is estimated using quoted market
prices for securities with similar credit, maturity and yield
characteristics.
(iv) Deposits and balances from banks, deposits from
customers, certificates of deposit issued and other
borrowed funds
The estimated fair value of deposits with no stated
maturity, which includes non-interest bearing deposits,
is the amount repayable on demand. The estimated
fair value of fixed interest-bearing deposits and other
borrowings not quoted in an active market is based on
discounted cash flows using interest rates for new debts
with similar remaining maturity.
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（丙） 未按公平值計量之金融工具（續）
(i) 在銀行的存款
在銀行的浮息存款及隔夜存款之公平
值乃其賬面值。固定利息存款之估計
公平值乃根據附有同類信貸風險及到
期日剩餘時間之債務以當前貨幣市場
利率計算之貼現現金流。
(ii) 客戶貸款及墊款，及貿易票據
貸款及墊款及貿易票據之估計公平值
指預計未來將會收回的現金流之貼現
數額。預計現金流按現行市場利率貼
現以釐定公平值。
(iii) 證券投資
證券投資包含包括在持至到期類別之
附息資產。持至到期資產之公平值乃
依據市場價格或經紀╱交易商報價。
倘未有此等資料，公平值之計量乃採
用附有相同信貸、到期日及收益等特
性的證券市場之報價。
(iv) 銀行存款及結餘、客戶存款、
已發行的存款證及其他借入資
金
無註明到期日之存款，包括不附息存
款，其公平值為即時付還之數額。未
有活躍市場報價之固定利息存款及其
他借款，其公平值乃根據採用附有相
同到期日剩餘時間之新債務息率計算
之貼現現金流而估量。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 187
3. FINANCIAL RISK MANAGEMENT (Continued)
Fair values of financial assets and liabilities (Continued)
(c) Financial instruments not measured at fair value (Continued)
(v) Debt securities in issue including subordinated
notes issued
For those notes where quoted market prices are not
available, the present value technique is used based on
current yield curve and/or credit spread appropriate for
the remaining term to maturity to estimate fair value.
Capital management
The Group’s objectives when managing capital are:
• To comply with the capital requirements set by the banking
regulators in the markets where the entities within the Group
operate;
• To safeguard the Group’s ability to continue its business as a
going concern;
• To maximise returns to shareholders and optimise the benefits
to other stakeholders; and
• To maintain a strong capital base to support the development of
its business.
Capital adequacy of and the use of regulatory capital by the Group’s
Hong Kong banking subsidiary is monitored regularly by the Group’s
management, employing techniques based on the guidelines
developed by the Basel Committee, as implemented by the HKMA, for
supervisory purposes. The required information is filed with the HKMA
on a quarterly basis.
3. 財務風險管理（續）
金融資產及負債之公平值（續）
（丙） 未按公平值計量之金融工具（續）
(v) 已發行的債務證券包括已發行
的後償債務
就未有市場報價之證券而言，則採用
適合到期日剩餘時間之當前收益曲線
及╱或信貸息差以現值方法來估計公
平值。
資本管理
本集團管理資本之目標為：
• 符合本集團機構有營運的市場之銀行業監
管機構所設定之資本規定；
• 保障本集團持續發展業務之能力；
• 為股東爭取最高回報和帶給其他利益相關
者最佳利益；及
• 維持強大資本基礎以支持業務發展。
本集團管理層定期應用按巴塞爾委員會發出並由
香港金管局執行作監管用途指引之方法，監控本
集團之香港銀行附屬公司之資本充足度及法定資
本之使用，每個季度向香港金管局申報有關規定
的資料。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報188
3. FINANCIAL RISK MANAGEMENT (Continued)
Capital management (Continued)
As Basel III has become effective from January 2013 in Hong Kong,
DSB is required to meet three ratios, namely, the Common Equity
Tier 1 capital, Tier 1 capital and Total capital respectively against
risk-weighted assets. The internationally agreed minimum of these
three ratios starting from 1 January 2015 are set at %, %
and % respectively and are adopted by the HKMA. In order to
comply with HKMA’s requirements as stated in the SPM CA-G-5 on
“Supervisory Review Process”, DSB is required to set further buffers,
to reflect material risks not included in the minimum regulatory
capital calculation, arising from regulator’s requirements, internal
assessment of risks and the results of stress tests under the Pillar
II capital requirement. In addition, the capital conservation buffer,
countercyclical capital buffer and higher loss absorbency (“HLA”)
capital requirements introduced by the Basel Committee have
been implemented since 1 January 2016 in Hong Kong. In line with
the international standards, the HKMA also adopts the phase-in
arrangements for new capital requirements in relation to the Common
Equity Tier 1 capital ratio, Tier 1 capital ratio, capital buffers and HLA
capital requirements as set by the Basel Committee and will achieve
full implementation by 1 January 2019. Likewise, the Leverage Ratio
that forms part of Basel III implementation is under parallel run until
2017, with a view to establishing the Leverage Ratio as a Pillar 1
requirement on 1 January 2018, and relevant information has been
submitted by DSB for regulatory monitoring.
Risk-weighted amount is the aggregate of the risk-weighted amounts
for credit risk, market risk and operational risk, and covers both on-
balance sheet and off-balance sheet exposures. On-balance sheet
exposures are classified according to the obligor or the nature of each
exposure and risk-weighted based on the credit assessment rating
assigned by an external credit assessment institution recognised by
the HKMA or other rules as set out in the Banking (Capital) Rules,
taking into account the capital effects of credit risk mitigation.
Off-balance sheet exposures are converted into credit-equivalent
amounts by applying relevant credit conversion factors to each
exposure, before being classified and risk-weighted as if they were
on-balance sheet exposures.
3. 財務風險管理（續）
資本管理（續）
自巴塞爾協定 III於2013年1月起在香港生效以
後，大新銀行須符合三個比率，分別為普通股權
一級資本、一級資本及總資本對風險加權資產的
比率。此三個比率自2015年1月1日起之國際認可
最低要求分別為%，%及%，並已被香
港金管局採納。為符合香港金管局載於《監管政
策手冊》CA-G-5有關《監管檢討程序》之規定，大
新銀行須就監管者規定，內部風險評估及按第二
支柱資本規定之壓力測試結果而設立額外緩衝以
反映未包含在最低法定資本計算之重大風險。此
外，巴塞爾委員會引入之防護緩衝資本、逆周期
緩衝資本及較高吸收虧損能力（「較高吸收虧損能
力」）之資本規定已從2016年1月1日起在香港實
施。香港金管局亦與國際標準同步，以分階段形
式採納巴塞爾委員會就有關普通股權一級資本比
率、一級資本比率、緩衝資本及較高吸收虧損能
力之資本規定的要求，並於2019年1月1日全面
實施。同樣地，為了滿足於2018年1月1日第一
支柱要求之槓桿比率，作為構成巴塞爾協定 III 實
施其中一部份的槓桿比率亦已開始併行實施直至
2017年，大新銀行已呈報相關資料作監管用途。
風險加權數額包括資產負債表內及外之信貸風
險、市場風險和操作風險之風險加權數額合計。
資產負債表內風險根據債務人或各類風險性質分
類及依據香港金管局認可之外部信貸評級機構指
定的信貸評級或其他載於《銀行業（資本）規則》之
原則且已考慮減輕信貸風險對資本之影響來確定
其風險加權值。資產負債表外風險在未被分類及
風險加權計算前，已應用各項風險之相關信貸換
算系數換算其為信貸等值額，猶如當作其乃資產
負債表內風險。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 189
3. FINANCIAL RISK MANAGEMENT (Continued)
Capital management (Continued)
Capital adequacy of and the use of regulatory capital by the Group’s
Macau banking subsidiary, BCM, and banking subsidiary in China,
DSB China, are monitored regularly by the Group’s management,
employing techniques based on the guidelines provided by the
Autoridade Monetária de Macau (“AMCM”) and the China Banking
Regulatory Commission (“CBRC”) respectively for supervisory
purposes.
The required information is filed by BCM with the AMCM and by
DSB China with the CBRC on a quarterly basis. The AMCM requires
BCM and the CBRC requires DSB China to maintain a ratio of own
funds or capital base to total risk-weighted exposures (. the capital
adequacy ratio) not lower than the agreed regulatory minimum of 8%.
Certain non-banking subsidiaries of the Group are also subject to
statutory capital requirements from other regulatory authorities, such
as the Securities and Futures Commission.
Fiduciary activities
The Group provides custody, trustee, wealth management and
advisory services to third parties, which involve the Group making
allocation and purchase and sale decisions in relation to a variety
of financial instruments. Those assets that are held in a fiduciary
capacity are not included in the Group’s financial statements. These
services could give rise to the risk that the Group could be accused of
mal-administration.
3. 財務風險管理（續）
資本管理（續）
本集團管理層定期按澳門金融管理局（「澳門金管
局」）及中國銀行業監督管理委員會（「中國銀監
會」）就監管用途發出的指引之方法，監控集團之
澳門附屬銀行澳門商業銀行及中國附屬銀行大新
銀行（中國）之資本充足度及法定資本之使用。
澳門商業銀行及大新銀行（中國）分別向澳門金管
局及中國銀監會按季度呈報所需資料。澳門金管
局規定澳門商業銀行以及中國銀監會規定大新銀
行（中國）各須維持其自有資本或資本基礎對風險
加權總額之比率（即資本充足比率）不低於法定認
可之最低水平8%。
本集團若干非銀行附屬公司亦須遵循其他監管機
構（例如：證券及期貨事務監察委員會）之法定資
本規定。
受託業務
本集團提供託管人、受託人、財富管理及諮詢服
務予第三者，當中涉及本集團就不同之金融工具
作出分配及買賣決定。此等以受信身份持有之資
產，並不列入本集團之財務報表。此等服務可引
致本集團被追索錯誤管理之風險。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報190
4. CR IT ICAL ACCOUNTING EST IMATES , AND
JUDGEMENTS IN APPLYING ACCOUNTING
POLICIES
Critical accounting estimates and assumptions
The Group makes estimates and assumptions that affect the
reported amounts of assets and liabilities within the next financial
year. Estimates and judgements are continually evaluated and
are based on historical experience and other factors, including
expectations of future events that are believed to be reasonable
under the circumstances. Changes in estimates and assumptions may
have a significant impact on the results of the Group in the periods
when changes are made. The application and selection of different
estimates and assumptions, and their subsequent changes, could
affect the Group’s profit and net asset value in the future. The Group,
based on its high-level assessment of the sensitivity impacts on the
reported assets and liabilities of the Group arising from the changes
in critical accounting estimates and assumptions, believes that the
estimates and assumptions adopted are appropriate and reasonable,
and the financial results and positions presented in the Group’s
financial statements are fair and reasonable in all material respects.
(a) Impairment allowances on loans and advances
The Group reviews its loan portfolios to assess impairment at
least on a quarterly basis. In determining whether an impairment
loss should be recorded in the income statement, the Group
makes judgements as to whether there is any observable data
indicating that there is a measurable decrease in the estimated
future cash flows from a portfolio of loans before the decrease
can be identified with an individual loan in that portfolio.
This evidence may include observable data indicating that
there has been an adverse change in the payment status of
borrowers in a group, or economic conditions that correlate with
defaults on assets in the Group. Management uses estimates
based on historical loss experience for assets with credit risk
characteristics and objective evidence of impairment similar to
those in the portfolio when estimating its future cash flows of
recoverable amounts. The methodology and assumptions used
for estimating both the amount and timing of future cash flows
are reviewed regularly to reduce any differences between loss
estimates and actual loss experience.
4. 應用會計政策時之重要會計估計及
判斷
重要會計估計及假設
本集團作出之估計及假設將會影響下一財政年度
內列報資產及負債之金額。本集團會根據過往經
驗及其他因素，包括在某些情況下，對未來事項
作出認為是合理的預期，並持續地評估所作出之
估計及判斷。估計及假設之改變可能對本集團於
作出改變之期內業績有重大影響。選擇及應用不
同之估計及假設和其後之變化，可能影響本集團
將來之溢利及淨資產值。本集團依據高層次評估
其主要會計估計及假設之改變對本集團呈報之資
產及負債之敏感度影響後，深信所採納之估計及
假設乃屬合適和合理，及呈列在本集團之財務報
表內之財務業績和狀況在所有重要性方面是公平
及合理。
（甲） 貸款及墊款減值準備
本集團至少每季檢視其貸款組合以評估其
減值。本集團會評估有任何顯著數據反映
貸款組合之預計現金流量於確認為個別貸
款現金流量減少前有重大的跌幅而作出
判斷，以確定減值虧損應否記錄於收益賬
上。這證據可能包括本集團借款人之還款
狀況有逆轉，或經濟情況與集團之資產拖
欠相關。當反映估計未來現金流量時，管
理層會按過往有相關貸款風險特性的資產
損失經驗，及與同類貸款組合客觀依據評
估。這個用以估計未來現金流量總額及時
間的方法及假設被定期檢閱，以減少預計
及實際損失之差異。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 191
4. CR IT ICAL ACCOUNTING EST IMATES , AND
JUDGEMENTS IN APPLYING ACCOUNTING
POLICIES (Continued)
Crit ical accounting estimates and assumptions
(Continued)
(b) Fair value of financial instruments
A majority of the Group’s investments in debt securities carried
at fair value are valued based on observable market quotations.
As a consequence of the difficulties in financial markets caused
by the 2008 global financial crisis, the Group had witnessed
observable declines in market liquidity and the range of market
quotations for certain securities have widened. The Group
applies judgement in selecting the most appropriate quotation
for valuation purposes based on its assessment of the range
of observable quotations, recent observable transactions, the
reliability and quality of the pricing source, and the value of
securities of a similar nature.
(c) Goodwill and intangible asset valuation
For business combinations, subsequent to initial recognition
of goodwill and intangible assets, any major change in the
assumptions in relation to future benefits to be generated from
the intangible assets, including future cash flow of benefits
to be generated from the acquired entities, or discount rates
which could be caused by major changes in market conditions
and outlook, could result in adjustments to the carrying values
of such assets. In the event that the expected recoverable
amounts of goodwill and intangible assets are significantly lower
than their carrying values, impairment of such assets would
have to be recognised.
Critical judgements in applying the Group’s accounting
policies
(a) Distinction between investment properties and owner-
occupied properties
The Group determines whether a property qualifies as an
investment property. In making its judgement, the Group
considers whether the property generates cash flows largely
independently of the other assets held by an entity. Owner-
occupied properties generate cash flows that are attributable
not only to property but also to other assets used in the
production or supply process.
4. 應用會計政策時之重要會計估計及
判斷（續）
重要會計估計及假設（續）
（乙） 金融工具之公平值
本集團按公平值列賬之債務證券投資大部
份是依據公開之市場報價計量。由於2008
年之環球金融危機引致金融市場存在問
題，本集團察覺到市場的流動性下降及某
些證券之市場報價差距幅度擴大。本集團
在採納經判斷為最恰當報價作估值價時，
根據其參考對一系列可觀察到之報價、近
期之交易價、報價來源之可信性和素質、
及相同類別證券價格之評估。
（丙） 商譽及無形資產之評估
於業務合併中，繼初始確認商譽及無形資
產後，任何有關用於無形資產未來可產生
收益之假設之重大變動，包括被收購之企
業之未來收益現金流量，或因市場環境及
前景的重大改變而影響貼現率，將對此資
產之賬面價值作出調整。倘在某些情況
下，無形資產及商譽預期可收回之金額較
其賬面價值為低，則須確認該資產的減值。
應用集團會計政策之重大判斷
（甲） 投資物業與自用物業之區別
本集團自行釐定物業是否符合列作投資物
業的資格。在作出有關判斷時，本集團須
考慮該物業是否在不受本集團所持其他資
產協助下提供現金流量。業主自用物業所
提供之現金流量不僅來自物業本身，亦因
在生產或供應過程使用其他資產而產生。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報192
4. CR IT ICAL ACCOUNTING EST IMATES , AND
JUDGEMENTS IN APPLYING ACCOUNTING
POLICIES (Continued)
Critical judgements in applying the Group’s accounting
policies (Continued)
(a) Distinction between investment properties and owner-
occupied properties (Continued)
Some properties comprise a portion that is held to earn rentals
or for capital appreciation and another portion that is held to
supply services or for administrative purposes. If these portions
can be sold separately (or leased out separately under a finance
lease), the Group accounts for the portions separately. If the
portions cannot be sold separately, the property is accounted
for as investment property only if an insignificant portion is held
to supply services or for administrative purposes. Judgement
is applied in determining whether ancillary services are so
significant that a property does not qualify as investment
property. The Group considers each property separately in
making its judgement.
(b) Impairment assessment on available-for-sale equity
securities, and investments in debt securities included in
the available-for-sale and held-to-maturity categories
The Group has conducted assessment of its available-for-sale
equity securities, and investments in debt securities included in
the available-for-sale and held-to-maturity categories as of the
end of the year and up to the date of the approval of the financial
statements of the Group. Assessment for any impairment, on
individual and collective basis, is made with reference to the
financial strength and credit rating of each issuer, industry
development and market conditions, and historical loss
experience of a portfolio of similar credits provided by rating
agencies. The Group has concluded that there are no objective
or specific indications that any of its available-for-sale and held-
to-maturity securities is individually impaired as at 31 December
2016.
4. 應用會計政策時之重要會計估計及
判斷（續）
應用集團會計政策之重大判斷（續）
（甲） 投資物業與自用物業之區別（續）
本集團若干物業之一部份乃用作賺取租金
或資本增值用途，而另一部份則為提供服
務或用作行政用途。倘這一部份可個別出
售（或根據一項融資租賃分開出租），本集
團則就不同部份分開入賬。倘不同部份不
能分開出售及該物業用作提供服務或行政
用途之部份極小，其將以投資物業入賬。
本集團將對確定有關服務用途之部份之重
要性而導致相關物業不符合為投資物業作
判斷，亦會在作出判斷時，分開考慮每項
物業。
（乙） 可供出售權益性證券及包括在可供出
售及持至到期類別的債務證券投資之
減值評估
本集團已於年末及截至本集團財務報表之
核準日期間對所持有之可供出售權益性證
券及包括在可供出售及持至到期類別的債
務證券投資進行評估。減值評估參考各發
行人之財務實力及信貸評級、行業發展和
市場狀況、及信貸評級機構提供之相同評
級投資過往的損失紀錄，按個別及綜合基
準進行。本集團認為於2016年12月31日並
無客觀或明確條件顯示其任何其他可供出
售及持至到期類別之投資證券已個別減值。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 193
4. CR IT ICAL ACCOUNTING EST IMATES , AND
JUDGEMENTS IN APPLYING ACCOUNTING
POLICIES (Continued)
Critical judgements in applying the Group’s accounting
policies (Continued)
(c) Held-to-maturity securities
The Group follows the guidance of HKAS 39 on classifying non-
derivative financial assets with fixed or determinable payments
and fixed maturity as held-to-maturity. This classification
requires significant judgement. In making this judgement, the
Group evaluates its intention and ability to hold such investments
to maturity. If the Group fails to keep these investments to
maturity other than for the specific circumstances – for example,
selling an insignificant amount close to maturity – it will be
required to reclassify the entire class as available-for-sale. The
investments would therefore be measured at fair value, not
amortised cost.
(d) Assessment of claims and contingencies
Judgement is needed to determine if provision for compensation
to certain customers who had bought structured investments
distributed (but not originated or arranged) by the Group need
to be recorded in accordance with the requirements of HKAS
37 “Provisions, Contingent Liabilities and Contingent Assets”.
In making this judgement, the Group evaluates the information
relating to each or similar cases, and the likelihood and
estimated amount of outflow of resources which may be incurred
to settle the obligation after considering factors such as recent
settlement experiences and advice from legal counsel.
4. 應用會計政策時之重要會計估計及
判斷（續）
應用集團會計政策之重大判斷（續）
（丙） 持至到期證券
本集團遵循香港會計準則第39號之指引分
類具有固定或可予釐定付款及固定到期日
之非衍生金融資產為持至到期證券。此一
分類須作出重大判斷。在作出判斷時，本
集團評估其持有該等投資至到期之意向及
能力。倘本集團未能持有此等投資至到期
（不包括特別情況，例如在接近到期時出售
少量部分），整個類別則須被重新分類為可
供出售證券。該等投資將因而按其公平值
而非按攤餘成本計量。
（丁） 索償及或然承擔之評估
本集團須判斷是否須按香港會計準則第37
號《準備、或然負債及或然資產》就分銷（但
非發行或籌組）結構性投資予某些客戶而確
認償付準備。在作出該判斷時，本集團經
考慮各種因素包括最近之償付案例及法律
意見後，評估每個或同類訴訟之有關資料
及其履行責任須耗費償付之可能性和預計
之數額。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報194
4. CR IT ICAL ACCOUNTING EST IMATES , AND
JUDGEMENTS IN APPLYING ACCOUNTING
POLICIES (Continued)
Critical judgements in applying the Group’s accounting
policies (Continued)
(e) Impairment assessment of the investment in an associate,
Bank of Chongqing (“BOCQ”)
The Group carries out periodic impairment assessments on its
investment in BOCQ in accordance with HKAS 36 “Impairment
of assets”.
This assessment compares the carrying value of the investment
against the higher of management’s estimate of value in use
and fair value less costs of disposal. Management’s estimate of
the value in use is based on a discounted cash flow projection
which contains certain assumptions derived from management
and observable market information. This estimate is subject
to application of management judgment and is sensitive to
assumptions on the discount rate and the cash flows arising
from the holding of this investment and from its ultimate
disposal.
As at 31 December 2016, management’s estimate of the value in
use is higher than the carrying value of its investment in BOCQ.
4. 應用會計政策時之重要會計估計及
判斷（續）
應用集團會計政策之重大判斷（續）
（戊） 投資於聯營公司，重慶銀行（「重慶銀
行」）之減值評估
本集團根據香港會計準則第36號《資產減
值》對於重慶銀行之投資進行定期減值評
估。
該評估就投資之賬面值比較管理層估量之
使用價值與扣除出售費用後之公平值比較
之高者。使用價值乃管理層根據管理層及
可觀察之數據導出之某些假設的貼現現金
流量估算。該估量涉及應用管理層之判斷
並敏感於貼現率之假設和源自持有該投資
及其最終出售之現金流量。
於2016年12月31日，管理層估量之使用價
值高於其在重慶銀行之投資的賬面值。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 195
5. STATEMENT OF F INANCIAL POSITION AND
RESERVE MOVEMENT OF THE COMPANY
Statement of Financial Position of the Company
12月31日
As at 31 December
2016 2015
附屬公司投資 Investments in subsidiaries 7,061,470 7,060,369
流動資產 Current assets
與一間附屬公司之銀行結餘 Bank balances with a subsidiary 64,684 51,115
應收賬及其他賬目 Accounts receivable and
other accounts 490 453
應收附屬公司款項 Amounts due from subsidiaries 180,705 180,408
245,879 231,976
流動負債 Current liabilities
預提費用及其他賬目 Accrued expenses and other accounts 3,110 3,114
應付附屬公司款項 Amounts due to subsidiaries 416,863 416,863
419,973 419,977
淨流動負債 Net current liabilities (174,094) (188,001)
6,887,376 6,872,368
權益 EqUITY
股本 Share capital 6,869,593 6,853,504
其他儲備 Other reserves (including
（包括保留盈利） 註（甲） retained earnings) Note (a) 17,783 18,864
權益合計 Total equity 6,887,376 6,872,368
Approved and authorised for issue by the Board of Directors on 22 March
2017.
David Shou-Yeh Wong Harold Tsu-Hing Wong
Director Managing Director
5. 本公司財務狀況表及儲備變動
本公司財務狀況表
董事會於2017年3月22日批准及授權發佈。
王守業 王祖興
董事 董事總經理
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報196
5. STATEMENT OF F INANCIAL POSITION AND
RESERVE MOVEMENT OF THE COMPANY (Continued)
Note:
(a) Reserve movement of the Company
以股權支付以
股份為基礎
報酬之撥備
Provision for
保留盈利 equity-settled
Retained share-based 合計
Earnings compensation Total
2015年1月1日 At 1 January 2015 72,479 7,690 80,169
年度溢利 Profit for the year 456,216 – 456,216
源自行使認股權之儲備 Reserve arising from exercise
of share options – (769) (769)
以股權支付以股份為基礎 Provision for equity-settled
報酬之撥備 share-based compensation – 1,961 1,961
2014年末期股息 2014 final dividend (364,496) – (364,496)
2015年中期股息 2015 interim dividend (154,217) – (154,217)
2015年12月31日 At 31 December 2015 9,982 8,882 18,864
2016年1月1日 At 1 January 2016 9,982 8,882 18,864
年度溢利 Profit for the year 520,674 – 520,674
源自行使認股權之儲備 Reserve arising from exercise
of share options – (3,953) (3,953)
以股權支付以股份為基礎 Provision for equity-settled
報酬之撥備 share-based compensation – 1,101 1,101
2015年末期股息 2015 final dividend (378,577) – (378,577)
2016年中期股息 2016 interim dividend (140,326) – (140,326)
2016年12月31日 At 31 December 2016 11,753 6,030 17,783
5. 本公司財務狀況表及儲備變動（續）
註：
（甲） 本公司儲備變動
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 197
6. OPERATING SEGMENT REPORTING
Segment reporting by the Group is prepared in accordance with
HKFRS 8 “Operating Segments”. Information reported to the chief
operating decision maker, including the Chief Executive and other EC
members, for the purposes of resource allocation and performance
assessment, is determined on the basis of personal banking,
commercial banking, treasury and overseas banking business.
Operating performances are analysed by business activities for local
banking business, and on business entity basis for overseas banking
business.
Considering the customer groups, products and services of local
businesses, the economic environment and regulations, the Group
splits the operating segments of the Group into the following
reportable segments:
• Personal banking business includes the acceptance of deposits
from individual customers and the extension of residential
mortgage lending, personal loans, overdraft, vehicle financing
and credit card services and the provision of insurance sales
and investment services.
• Commercial banking business includes the acceptance of
deposits from and the advance of loans and working capital
finance to commercial, industrial and institutional customers,
and the provision of trade financing.
• Treasury activities are mainly the provision of foreign exchange
services and centralised cash management for deposit taking
and lending, interest rate risk management, management of
investment in securities and the overall funding of the Group.
• Overseas banking businesses include personal banking,
commercial banking business activities provided by overseas
subsidiaries in Macau and China, and the Group’s interest in a
commercial bank in China.
• Others include results of operations not directly identified under
other reportable segments, corporate investments and debt
funding (including subordinated notes).
6. 營業分項報告
本集團根據香港財務報告準則第8號《營運業務分
項》編製分項報告。向包括行政總裁及其他執行
委員會成員之主要營運決策人呈報而作為資源分
配及業績評估用途之資料，乃按個人銀行、商業
銀行、財資及海外銀行業務分類之基礎來確定。
本地銀行業務之營運表現按業務活動分析，而海
外銀行業務之營運表現按業務機構分析。
經考慮到本地業務之客戶群、產品及服務，經濟
環境和法規後，本集團將營運業務劃分為下列呈
報分項：
• 個人銀行業務包括接受個人客戶存款、住
宅樓宇按揭、私人貸款、透支、汽車貸款
和信用卡服務、保險業務的銷售和投資服
務。
• 商業銀行業務包括接受存款、貸款、營運
資金融資及貿易融資，其存款來源及融資
客戶主要是工商業及機構性客戶。
• 財資業務主要包括外匯服務、中央貸存現
金管理、利率風險管理、證券投資管理及
本集團整體之資金運用管理。
• 海外銀行業務包括由位於澳門和中國之海
外附屬公司提供之個人銀行和商業銀行業
務及本集團於一間在中國設立之商業銀行
之權益。
• 其他包括未可直接歸類於其他呈報分項之
營運業績、集團投資及債務資金（包括後償
債務）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報198
6. OPERATING SEGMENT REPORTING (Continued)
For the purpose of segment reporting, revenue derived from
customers, products and services directly identifiable with individual
segments are reported directly under respective segments, while
revenue and funding cost arising from inter-segment funding
operation and funding resources are allocated to segments by way
of transfer pricing mechanism with reference to market interest rates.
Transactions within segments are priced based on similar terms
offered to or transacted with external parties. Inter-segment income
or expenses are eliminated on consolidation.
All direct costs incurred by different segments are grouped under
respective segments. Indirect costs and support functions’ costs are
allocated to various segments and products based on effort and time
spent as well as segments’ operating income depending on the nature
of costs incurred. Costs related to corporate activities that cannot be
reasonably allocated to segments, products and support functions
are grouped under Others as unallocated corporate expenses.
6. 營業分項報告（續）
就編製分項報告而言，對可直接認明為各個別分
項之源自客戶、產品及服務收入，將直接呈報於
有關分項；而分項之間的資金運用及資金資源所
產生的收入和資金成本，按參照市場利率之轉移
價格機制分配至各分項。分項間之交易乃依據授
予第三者或與第三者交易之同類條款定價。分項
間之收入或支出於綜合賬內抵銷。
所有不同分項之直接開支將歸類於有關的分項分
類。間接開支及支援部門開支乃依據開支性質，
按耗用之時間及工作量和分項營運收入，分配至
不同的分項及產品。不能合理地分配至各分項、
產品及支援部門之企業活動開支，則作企業開支
呈列於「其他」項下。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 199
6. 營業分項報告（續）
截至2016年12月31日止年度
6. OPERATING SEGMENT REPORTING (Continued)
For the year ended 31 December 2016
個人銀行 商業銀行 海外銀行 跨項目
Personal Commercial 財資業務 Overseas 其他 Inter- 總計
Banking Banking Treasury Banking Others segment Total
淨利息收入╱（支出） Net interest income/(expenses) 1,543,802 1,237,593 427,016 500,803 (71,695) – 3,637,519
非利息收入╱（支出） Non-interest income/(expenses) 630,589 179,277 87,058 116,491 70,535 (1,000) 1,082,950
營運收入 Total operating income 2,174,391 1,416,870 514,074 617,294 (1,160) (1,000) 4,720,469
營運支出 Operating expenses (1,374,217) (420,031) (144,798) (462,560) 1,161 1,000 (2,399,445)
扣除貸款減值及其他信貸 Operating profit before loan impairment
撥備前之營運溢利 and other credit provisions 800,174 996,839 369,276 154,734 1 – 2,321,024
貸款減值及其他信貸 Loan impairment and other credit
撥備（提撥）╱回撥 provisions (charged)/written back (260,201) (351,916) – 48,550 – – (563,567)
扣除貸款減值及其他信貸 Operating profit after loan impairment
撥備後之營運溢利 and other credit provisions 539,973 644,923 369,276 203,284 1 – 1,757,457
出售投資物業及其他固定 Net (loss)/gain on disposal and fair value
資產及其公平值調整之 adjustment of investment properties
淨（虧損）╱收益 and other fixed assets (104) – – (186) 13,446 – 13,156
出售可供出售證券之淨收益 Net gain on disposal of
available-for-sale securities – – 13,219 – 41,283 – 54,502
視同出售聯營公司投資之虧損 Loss on deemed disposal of investment
in an associate – – – – – – –
應佔聯營公司之業績 Share of results of an associate – – – 602,793 – – 602,793
應佔共同控制實體之業績 Share of results of jointly controlled entities – – – – 18,593 – 18,593
除稅前溢利 Profit before taxation 539,869 644,923 382,495 805,891 73,323 – 2,446,501
稅項（支出）╱回撥 Taxation (expenses)/credit (89,047) (106,412) (63,112) (43,248) 776 – (301,043)
除稅後溢利 Profit after taxation 450,822 538,511 319,383 762,643 74,099 – 2,145,458
截至2016年12月31日止年度 For the year ended 31 December 2016
折舊及攤銷費用 Depreciation and amortisation 64,704 13,148 5,949 35,822 40,072 – 159,695
於2016年12月31日 At 31 December 2016
分項資產 Segment assets 46,447,588 54,664,156 69,352,142 35,258,558 4,670,788 (5,182,583) 205,210,649
分項負債 Segment liabilities 87,439,836 37,388,274 18,848,415 26,533,708 17,176,430 (5,182,583) 182,204,080
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報200
6. OPERATING SEGMENT REPORTING (Continued)
For the year ended 31 December 2015
個人銀行 商業銀行 海外銀行 跨項目
Personal Commercial 財資業務 Overseas 其他 Inter- 總計
Banking Banking Treasury Banking Others segment Total
淨利息收入╱（支出） Net interest income/(expenses) 1,367,555 1,149,755 377,085 508,611 (66,318) – 3,336,688
非利息收入╱（支出） Non-interest income/(expenses) 632,469 213,035 190,476 126,657 88,517 (900) 1,250,254
營運收入 Total operating income 2,000,024 1,362,790 567,561 635,268 22,199 (900) 4,586,942
營運支出 Operating expenses (1,260,121) (378,778) (140,878) (469,366) 8,585 900 (2,239,658)
扣除貸款減值及其他信貸 Operating profit before loan impairment
撥備前之營運溢利 and other credit provisions 739,903 984,012 426,683 165,902 30,784 – 2,347,284
貸款減值及其他信貸撥備 Loan impairment and other credit
（提撥）╱回撥 provisions (charged)/written back (230,256) (237,955) 15,000 (43,141) – – (496,352)
扣除貸款減值及其他信貸 Operating profit after loan impairment
撥備後之營運溢利 and other credit provisions 509,647 746,057 441,683 122,761 30,784 – 1,850,932
出售投資物業及其他 Net (loss)/gain on disposal and fair value
固定資產及其公平值調整 adjustment of investment properties
之淨（虧損）╱收益 and other fixed assets (1,283) (12) (13) 7 2,190 – 889
出售可供出售證券之淨收益 Net gain on disposal of
available-for-sale securities – – 16,568 – – – 16,568
視同出售聯營公司投資之虧損 Loss on deemed disposal of investment
in an associate – – – (47,617) – – (47,617)
應佔聯營公司之業績 Share of results of an associate – – – 665,942 – – 665,942
應佔共同控制實體之業績 Share of results of jointly controlled entities – – – – 21,945 – 21,945
除稅前溢利 Profit before taxation 508,364 746,045 458,238 741,093 54,919 – 2,508,659
稅項支出 Taxation expenses (83,868) (123,097) (75,609) (25,064) (449) – (308,087)
除稅後溢利 Profit after taxation 424,496 622,948 382,629 716,029 54,470 – 2,200,572
截至2015年12月31日止年度 For the year ended 31 December 2015
折舊及攤銷費用 Depreciation and amortisation 58,882 12,246 6,759 40,746 38,299 – 156,932
於2015年 12月31日 At 31 December 2015
分項資產 Segment assets 44,238,858 55,906,000 63,141,488 31,842,489 4,788,614 (3,885,510) 196,031,939
分項負債 Segment liabilities 85,575,624 37,962,644 16,816,776 23,429,044 14,650,377 (3,885,510) 174,548,955
6. 營業分項報告（續）
截至2015年12月31日止年度
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 201
6. OPERATING SEGMENT REPORTING (Continued)
Revenues from external customers were contributed from banking
subsidiaries in Hong Kong, Macau and People’s Republic of China,
with major products and services including deposit taking, extension
of credit, asset-based finance, securities investment services offered
to customers.
The following tables provide information by geographical area, which
was determined with reference to the domicile of the legal entities
within the Group with business dealing and relationship with, and
services to external customers.
區域分項間
香港及其他 抵銷
Hong Kong 澳門 Inter-segment 總計
and Others Macau elimination Total
截至2016年12月31日止年度 For the year ended
31 December 2016
營運收入 Operating income 4,296,065 425,304 (900) 4,720,469
除稅前溢利 Profit before taxation 2,226,389 220,112 – 2,446,501
於2016年12月31日 At 31 December 2016
資產合計 Total assets 187,933,454 19,602,001 (2,324,806) 205,210,649
負債合計 Total liabilities 167,543,482 16,985,404 (2,324,806) 182,204,080
無形資產及商譽 Intangible assets and goodwill 318,667 551,663 – 870,330
或然負債及承擔 Contingent liabilities and
commitments 78,461,648 1,684,413 (112,006) 80,034,055
區域分項間
香港及其他 抵銷
Hong Kong 澳門 Inter-segment 總計
and Others Macau elimination Total
截至2015年12月31日止年度 For the year ended
31 December 2015
營運收入 Operating income 4,177,947 409,895 (900) 4,586,942
除稅前溢利 Profit before taxation 2,290,917 217,742 – 2,508,659
於2015年12月31日 At 31 December 2015
資產合計 Total assets 179,101,461 18,576,197 (1,645,719) 196,031,939
負債合計 Total liabilities 159,959,284 16,235,390 (1,645,719) 174,548,955
無形資產及商譽 Intangible assets and goodwill 318,667 552,828 – 871,495
或然負債及承擔 Contingent liabilities and
commitments 76,231,176 1,862,244 (32,000) 78,061,420
6. 營業分項報告（續）
源自外部客戶之收益乃來自位於香港、澳門及中
國之銀行附屬公司所提供之主要產品與服務，包
括接受存款、信貸融資、資產融資、證券投資
等。
下表提供按區域歸類之資料，區域乃根據本集團
向外部客戶提供服務、與其商業交易及建立關係
的法定機構之所在地而確認。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報202
7. NET INTEREST INCOME
2016 2015
利息收入 Interest income
現金及在銀行的結餘 Cash and balances with banks 293,434 312,858
證券投資 Investments in securities 810,125 695,375
各項貸款及其他賬目 Advances and other accounts 4,080,265 4,045,160
5,183,824 5,053,393
利息支出 Interest expense
銀行存款╱客戶存款 Deposits from banks/Deposits
from customers 1,232,166 1,438,647
已發行的存款證 Certificates of deposit issued 75,116 78,234
後償債務 Subordinated notes 226,842 198,517
其他 Others 12,181 1,307
1,546,305 1,716,705
利息收入包含 Included within interest income
未以公平值計量且其變動計入損益的 Interest income on financial assets
金融資產之利息收入 not at fair value through profit or loss 5,165,382 5,046,867
利息支出包含 Included within interest expense
未以公平值計量且其變動計入損益的 Interest expenses on financial
金融負債之利息支出 liabilities not at fair value
through profit or loss 1,532,068 1,714,073
For the year ended 31 December 2016 and 2015, there was no interest
income recognised on impaired assets.
7. 淨利息收入
於截至2016年及2015年12月31日止年度，並無
確認自減值資產之利息收入。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 203
8. NET FEE AND COMMISSION INCOME
2016 2015
服務費及佣金收入 Fee and commission income
未以公平值計量且其變動計入損益的 Fee and commission income from
金融資產及負債之服務費及佣金收入 financial assets and liabilities not
at fair value through profit or loss
－信貸有關之服務費及佣金 – Credit related fees and commissions 151,334 136,538
－貿易融資 – Trade finance 73,596 91,987
－信用卡 – Credit card 295,806 301,225
其他服務費及佣金收入 Other fee and commission income
－證券經紀佣金 – Securities brokerage 81,749 132,011
－保險銷售及其他 – Insurance distribution and others 129,210 111,249
－零售投資基金及財富管理服務 – Retail investment and wealth
management services 213,759 185,001
－銀行服務費及手續費 – Bank services and handling fees 69,459 61,850
－其他服務費 – Other fees 49,498 109,824
1,064,411 1,129,685
服務費及佣金支出 Fee and commission expense
未以公平值計量且其變動計入損益的 Fee and commission expense from
金融資產及負債之服務費及佣金支出 financial assets and liabilities not
at fair value through profit or loss
－手續費及佣金 – Handling fees and commission 208,835 205,536
－已付其他費用 – Other fees paid 19,659 14,512
228,494 220,048
The Group provides custody, trustee, corporate administration, and
investment management services to third parties. Those assets that
are held in a fiduciary capacity are not included in these financial
statements.
8. 淨服務費及佣金收入
本集團向第三方提供託管、受託、企業管理及投
資管理服務。該等以受信人身份持有之資產並不
包含在此等財務報表內。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報204
9. NET TRADING INCOME
2016 2015
外匯買賣淨收益 Net gain arising from dealing in
foreign currencies 79,693 137,480
持作買賣用途的證券之淨收益 Net gain on trading securities 6,153 3,784
持作買賣用途的衍生工具之淨收益 Net gain from derivatives entered
into for trading purpose 34,158 57,452
用公平值對沖的相關金融工具之淨虧損 Net loss arising from financial
instruments subject to fair value hedge (1,424) (8,774)
指定以公平值計量且其變動計入 Net gain arising from financial
損益的金融工具之淨收益 instruments designated at fair value
through profit or loss 61,251 88,116
179,831 278,058
10. OTHER OPERATING INCOME
2016 2015
可供出售證券投資之股息收入 Dividend income from investments
in available-for-sale securities
－上市投資 – Listed investments 11,696 9,197
－非上市投資 – Unlisted investments 8,112 8,024
投資物業之租金收入總額 Gross rental income from investment
properties 24,305 23,867
其他租金收入 Other rental income 12,227 11,423
其他 Others 10,862 10,048
67,202 62,559
9. 淨買賣收入
10. 其他營運收入
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 205
11. 營運支出
12. 僱員薪酬及福利支出
11. OPERATING EXPENSES
2016 2015
僱員薪酬及福利支出 Employee compensation and
（包括董事薪酬）（附註12） benefit expenses (including
directors’ remuneration) (Note 12) 1,564,330 1,454,678
行產及其他固定資產支出， Premises and other fixed assets
不包括折舊 expenses, excluding depreciation
－行產租金支出 – Rental of premises 180,448 168,309
－其他 – Others 158,506 125,794
折舊（附註28） Depreciation (Note 28) 158,530 154,893
廣告及推銷活動支出 Advertising and promotion costs 85,695 71,991
印刷、文具及郵費 Printing, stationery and postage 44,902 51,816
無形資產攤銷費用（附註27） Amortisation expenses of intangible
assets (Note 27) 1,165 2,039
核數師酬金 Auditors’ remuneration 7,893 7,685
其他 Others 197,976 202,453
2,399,445 2,239,658
12. EMPLOYEE COMPENSATION AND BENEFIT
EXPENSES
2016 2015
薪酬及其他人事費用 Salaries and other staff costs 1,467,856 1,366,556
以股份為基礎報酬之撥備提撥 Provision for share-based
（附註43） compensation charged (Note 43) 5,083 9,643
退休金支出 Pension costs – defined
－界定供款計劃 contribution plans 91,391 78,479
1,564,330 1,454,678
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報206
12. EMPLOYEE COMPENSATION AND BENEFIT
EXPENSES (Continued)
The emoluments of the five highest paid individuals:
(i) The aggregate emoluments
2016 2015
薪金、房屋、實物利益及其他津貼 Salaries, housing, benefits in kind
and other allowances 95,771 90,294
退休福利計劃之僱主供款 Employer’s contribution to
retirement benefit schemes 2,120 2,120
97,891 92,414
(ii) The emoluments of the five highest paid individuals are within
the following bands:
人數
Number of individuals
2016 2015
港元HK$
12,000,001 – 12,500,000 1 1
17,000,001 – 17,500,000 – 1
17,500,001 – 18,000,000 – 1
18,500,001 – 19,000,000 1 –
19,500,001 – 20,000,000 1 –
22,000,001 – 22,500,000 – 1
22,500,001 – 23,000,000 1 1
24,500,001 – 25,000,000 1 –
5 5
Included in the emoluments of the five highest paid individuals were
the emoluments of 4 (2015: 4) Directors. Their respective Directors’
emoluments have been included in Note 13 below.
No emoluments were paid by the Group to any of the five highest paid
individuals as an inducement to join or upon joining the Group or as
compensation for loss of office during the year.
The emoluments of the five highest paid individuals shown above
included incentive bonuses accrued in respect of the services
rendered and the Group’s performance for the financial year.
12. 僱員薪酬及福利支出（續）
最高酬金之5位人士：
(i) 酬金總計
(ii) 5位最高收入人士的酬金組別如下：
在5位最高薪金收入之人士內，有4位（2015年：
4位）為董事。其相關的董事酬金已包括在隨後之
附註13內。
本年內，本集團並無向任何5位最高收入人士支
付酬金，作為加入或加盟本集團之獎賞或離職補
償。
上述5位最高收入人士的酬金包括有關其在該年
度所提供服務和本集團之業績的預提獎勵花紅。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 207
13. 董事酬金
遵照香港公司條例第383條及公司（董事福利之資
料披露）法規，本公司董事之酬金披露如下述：
註：
1. 若彼等同時亦為大新銀行集團有限公司及其附屬
公司之董事，其由該等附屬公司支付之薪酬已包
含在上列之綜合薪酬合計內。
2. 本年度內或於年結日，並無就本集團業務簽訂任
何重大交易、安排及合約，其中本公司為當中一
方及本公司之董事直接或間接在其中得到重大利
益（2015年：無）。
13. DIRECTORS’ EMOLUMENTS
The emoluments of the Directors of the Company disclosed pursuant
to section 383 of the Hong Kong Companies Ordinance and the
Companies (Disclosure of Information about Benefits of Directors)
Regulation were set out below:
有關年內提供
服務之預提
獎勵花紅
薪金、 Incentive 退休福利計劃
津貼及 bonuses 之僱主供款
實物利益 accrued in Employer’s
Salary, respect of 以股份為 contribution 合計
董事袍金 allowances services 基礎的支付 to retirement （註1）
截至2016年 Year ended Directors’ and benefits rendered Share-based benefit Total
12月31日止年度 31 December 2016 Fee in kind in the year payment schemes (Note 1)
主席 Chairman
王守業先生 David Shou-Yeh Wong 500 5,520 18,500 – – 24,520
執行董事 Executive directors
黃漢興先生 Hon-Hing Wong (Derek Wong) – 8,000 3,550 – 650 12,200
王祖興先生 Harold Tsu-Hing Wong – 6,785 13,884 1,622 522 22,813
王伯凌先生 Gary Pak-Ling Wang – 5,662 12,600 – 492 18,754
非執行董事 Non-executive directors
平井章治先生 Shoji Hirai 129 – – – – 129
大和健一 Kenichi Yamato 81 – – – – 81
獨立非執行董事 Independent non-executive directors
史習陶先生 Robert Tsai-To Sze 375 – – – – 375
梁君彥先生 Andrew Kwan-Yuen Leung 245 – – – – 245
陳勝利先生 Seng-Lee Chan 355 – – – – 355
吳源田先生 Yuen-Tin Ng 370 – – – – 370
合計 Total 2,055 25,967 48,534 1,622 1,664 79,842
Note:
1. For directors who are also directors of the Company’s subsidiaries,
remuneration paid by these subsidiaries are included in the consolidated
total remuneration set out above.
2. No significant transactions, arrangements and contracts in relation to
the Group’s business to which the Company was a party and in which
a director of the Company had a material interest, whether directly or
indirectly, subsisted at the end of the year or at any time during the year
(2015: Nil).
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報208
13. 董事酬金（續）
註：（續）
3. 於截至2016年12月31日止年度，並無向任何董
事就與管理本公司或其附屬公司事務有關之其他
服務支付或將支付任何其他酬金（2015年：無）。
4. 本年內，並無支付終止聘約之款項或福利予董事
及並無就獲取董事服務而向第三方支付或將支付
任何代價（2015年：無）。
13. DIRECTORS’ EMOLUMENTS (Continued)
Note: (Continued)
3. No other emoluments were paid to or receivable by any director in
respect of directors’ other services in connection with management of
the affairs of the Company or its subsidiaries undertakings during the
year ended 31 December 2016 (2015: Nil).
4. No termination payments or benefits were made to the directors and no
consideration was provided to or receivable by third parties for making
available directors’ services during the year (2015: Nil).
有關年內提供
服務之預提
獎勵花紅
薪金、 Incentive 退休福利計劃
津貼及 bonuses 之僱主供款
實物利益 accrued in Employer’s
Salary, respect of 以股份為 contribution 合計
董事袍金 allowances services 基礎的支付 to retirement （註1）
截至2015年 Year ended Directors’ and benefits rendered Share-based benefit Total
12月 31日止年度 31 December 2015 Fee in kind in the year payment schemes (Note 1)
主席 Chairman
王守業先生 David Shou-Yeh Wong 500 3,960 18,040 – – 22,500
執行董事 Executive directors
黃漢興先生 Hon-Hing Wong (Derek Wong) – 8,000 3,350 – 650 12,000
王祖興先生 Harold Tsu-Hing Wong – 6,572 15,506 – 522 22,600
王伯凌先生 Gary Pak-Ling Wang – 5,482 12,000 – 492 17,974
非執行董事 Non-executive director
平井章治先生 Shoji Hirai 208 – – – – 208
獨立非執行董事 Independent non-executive directors
史習陶先生 Robert Tsai-To Sze 360 – – – – 360
梁君彥先生 Andrew Kwan-Yuen Leung 240 – – – – 240
陳勝利先生 Seng-Lee Chan 345 – – – – 345
吳源田先生 Yuen-Tin Ng 359 – – – – 359
合計 Total 2,012 24,014 48,896 – 1,664 76,586
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 209
14. LOAN IMPAIRMENT LOSSES AND OTHER CREDIT
PROVISIONS
2016 2015
貸款減值虧損 Loan impairment losses
各項貸款及其他賬目減值虧損 Net charge/(reversal) of impairment
淨提撥╱（回撥） losses on advances and other
accounts
－貿易票據 – Trade bills 5,677 3,670
－客戶貸款 – Advances to customers 567,755 508,713
－應計利息及其他賬目 – Accrued interest and other accounts (9,865) (1,031)
563,567 511,352
各項貸款及其他賬目減值虧損淨提撥 Net charge of impairment losses on
advances and other accounts
－個別評估 – Individually assessed 239,346 218,941
－綜合評估 – Collectively assessed 324,221 292,411
563,567 511,352
當中包括 Of which
－新增及額外準備（包括於年內 – new and additional allowances
直接撇銷之金額） (including amounts directly
written off in the year) 706,806 641,447
－回撥 – releases (88,644) (76,697)
－收回 – recoveries (54,595) (53,398)
563,567 511,352
其他信貸撥備 Other credit provisions
可供出售證券之 Net reversal of impairment losses
減值虧損淨回撥 on available-for-sale securities
－綜合評估 – Collectively assessed – (15,000)
收益賬中淨支出 Net charge to income statement 563,567 496,352
14. 貸款減值虧損及其他信貸撥備
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報210
15. TAXATION
Hong Kong profits tax has been provided at the rate of % (2015:
%) on the estimated assessable profit for the year. Taxation on
overseas profits has been calculated on the estimated assessable
profit for the year at the rates of taxation prevailing in the countries in
which the Group operates.
Deferred taxation is calculated in full on temporary differences under
the liability method at the tax rates that are expected to apply in the
year when the liability is settled or the asset is realised.
2016 2015
本年度稅項： Current income tax:
－香港利得稅 – Hong Kong profits tax 251,689 287,525
－海外稅項 – Overseas taxation 40,343 38,970
－於過往年度不足之撥備 – Under-provision in prior years 1,802 782
遞延稅項（附註35）： Deferred income tax (Note 35):
－關於暫時差異的產生及撥回 – Origination and reversal of
temporary differences 6,912 (19,970)
－使用稅務虧損 – Utilisation of tax losses 297 780
稅項 Taxation 301,043 308,087
The tax on the Group’s profit before taxation differs from the
theoretical amount that would arise using the weighted average tax
rate applicable to profits of the consolidated companies as follows:
2016 2015
除稅前溢利 Profit before taxation 2,446,501 2,508,659
按香港利得 Tax calculated at Hong Kong
稅率%計算之稅項 profits tax rate of % 403,672 413,929
稅項調整源於： Tax effects of:
其他國家之不同稅率 Different taxation rates in other
countries 6,975 4,515
無需徵稅之收入 Income not subject to taxation (27,505) (30,054)
不能扣減的支出 Expenses not deductible 18,630 32,416
以稅後基礎呈報之聯營公司及 Results of associates and jointly
共同控制實體之業績 controlled entities reported
net of tax (102,531) (113,501)
於過往年度不足之撥備 Under-provision in prior years 1,802 782
稅項 Taxation 301,043 308,087
15. 稅項
香港利得稅乃按照年內估計應課稅溢利以稅率
%（2015年：%）提撥準備。海外稅款乃
按年內海外估計應課稅溢利依本集團經營業務地
區之現行稅率計算。
遞延稅項是採用負債法就暫時差異，按預期該等
稅項負債需清付時或資產可予扣減時所適用之稅
率作全數確認。
本集團除稅前溢利之稅項有別於綜合各公司加權
平均稅率計算之理論數額如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 211
16. 股息
17. 每股盈利
16. DIVIDENDS
2016 2015
已派中期股息：每股普通股港元 Interim dividend paid of HK$
（2015年：港元） (2015: HK$) per ordinary share 140,326 154,217
擬派末期股息：每股普通股港元 Proposed final dividend of HK$
（2015年：港元） (2015: HK$) per ordinary share 392,971 378,577
533,297 532,794
17. EARNINGS PER SHARE
2016 2015
（港元） （港元）
(HK$) (HK$)
每股盈利 Earnings per share
基本 Basic
攤薄 Diluted
The calculation of basic earnings per share is based on earnings
of HK$2,145,491,000 (2015: HK$2,200,604,000) and the weighted
average number of 1,402,426,008 (2015: 1,401,868,770) ordinary
shares in issue during the year.
The calculation of fully diluted earnings per share is based on earnings
of HK$2,145,491,000 (2015: HK$2,200,604,000) and the weighted
average number of 1,406,170,384 (2015: 1,406,762,356) ordinary
shares in issue during the year after adjusting for the effect of all
dilutive potential ordinary shares.
18. CASH AND BALANCES WITH BANKS
2016 2015
現金及在銀行的結餘 Cash and balances with banks 1,913,093 2,183,442
通知及短期存款 Money at call and short notice 13,145,694 15,322,464
15,058,787 17,505,906
每 股 基 本 盈 利 乃 按 照 盈 利2,145,491,000港 元
（2015年：2,200,604,000港元）及年內已發行普
通股股份之加權平均數1,402,426,008股（2015
年：1,401,868,770股）計算。
每 股 攤 薄 盈 利 乃 按 照 盈 利2,145,491,000港 元
（2015年：2,200,604,000港元）及年內已發行普
通股股份之加權平均數1,406,170,384股（2015
年：1,406,762,356股）並就所有對普通股潛在攤
薄的影響予以調整計算。
18. 現金及在銀行的結餘
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報212
19. 持作買賣用途的證券及指定以公平
值計量且其變動計入損益的金融資
產
19. TRADING SECURITIES AND FINANCIAL ASSETS
DESIGNATED AT FAIR VALUE THROUGH PROFIT
OR LOSS
2016 2015
持作買賣用途的證券 : Trading securities:
債務證券： Debt securities:
－香港上市 – Listed in Hong Kong 104,751 58,398
－非上市 – Unlisted 8,767,093 8,513,996
持作買賣用途的證券總額 Total trading securities 8,871,844 8,572,394
指定以公平值計量且其變動 Financial assets designated at
計入損益的金融資產： fair value through profit or loss:
債務證券： Debt securities:
－香港以外上市 – Listed outside Hong Kong 279,056 217,796
持作買賣用途的證券及指定 Total trading securities and financial
以公平值計量且其變動計入 assets designated at fair value
損益的金融資產總額 through profit or loss 9,150,900 8,790,190
包括在債務證券內有： Included within debt securities are:
－國庫票據（等同現金項目） – Treasury bills which are cash
equivalents 2,148,217 228,497
－其他國庫票據 – Other treasury bills 6,678,945 8,314,638
－政府債券 – Government bonds 44,682 29,010
－其他債務證券按發行機構： – Other debt securities issued by:
－公營機構 – Public sector entities – 249
－企業 – Corporate entities 279,056 217,796
9,150,900 8,790,190
As at 31 December 2016 and 2015, there were no certificates of
deposit held included in the above balances of trading or fair value
debt securities.
於2016年及2015年12月31日，上述持作買賣用
途或以公平值計量之債務證券結餘內並無包括持
有存款證。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 213
20. 衍生金融工具
於2016年12月31日未到期之衍生工具合約名義
本金及其公平值如下：
20. DERIVATIVE FINANCIAL INSTRUMENTS
The notional principal amounts of outstanding derivatives contracts
and their fair values as of 31 December 2016 were as follows:
合約╱ 公平值
名義金額 Fair values
Contract/ 資產 負債
notional amount Assets Liabilities
1) 持作買賣用途之衍生工具 1) Derivatives held for trading
甲） 外匯衍生工具 a) Foreign exchange derivatives
遠期及期貨合約 Forward and futures contracts 73,340,752 601,383 (621,858)
購入及沽出外匯期權 Currency options purchased and written 22,298,022 225,081 (224,946)
乙） 利率衍生工具 b) Interest rate derivatives
利率期貨 Interest rate futures 15,509 24 –
利率掉期 Interest rate swaps 3,567,199 3,829 (28,379)
丙） 權益性衍生工具 c) Equity derivatives
購入及沽出權益性期權 Equity options purchased and written 98,752 814 (814)
持作買賣用途之衍生工具資產╱（負債）合計 Total derivative assets/(liabilities) held for trading 99,320,234 831,131 (875,997)
2) 持作對沖用途之衍生工具 2) Derivatives held for hedging
甲） 指定以公平值對沖之衍生工具 a) Derivatives designated as fair value hedges
利率掉期 Interest rate swaps 27,306,206 346,191 (277,155)
貨幣掉換 Currency swaps 1,205,962 – (190,266)
持作對沖用途之衍生工具資產╱（負債）合計 Total derivative assets/(liabilities) held for hedging 28,512,168 346,191 (467,421)
已確認之衍生金融工具資產╱（負債）合計 Total recognised derivative financial assets/(liabilities) 127,832,402 1,177,322 (1,343,418)
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報214
20. 衍生金融工具（續）
於2015年12月31日未到期之衍生工具合約名義
本金及其公平值如下：
20. DERIVATIVE FINANCIAL INSTRUMENTS (Continued)
The notional principal amounts of outstanding derivatives contracts
and their fair values as of 31 December 2015 were as follows:
合約╱ 公平值
名義金額 Fair values
Contract/ 資產 負債
notional amount Assets Liabilities
1) 持作買賣用途之衍生工具 1) Derivatives held for trading
甲） 外匯衍生工具 a) Foreign exchange derivatives
遠期及期貨合約 Forward and futures contracts 81,116,914 269,836 (258,369)
購入及沽出外匯期權 Currency options purchased and written 55,739,652 572,595 (574,619)
乙） 利率衍生工具 b) Interest rate derivatives
利率期貨 Interest rate futures – – –
利率掉期 Interest rate swaps 4,867,283 34,377 (98,232)
丙） 權益性衍生工具 c) Equity derivatives
購入及沽出權益性期權 Equity options purchased and written 222,582 7,961 (7,924)
持作買賣用途之衍生工具資產╱(負債 )合計 Total derivative assets/(liabilities) held for trading 141,946,431 884,769 (939,144)
2) 持作對沖用途之衍生工具 2) Derivatives held for hedging
甲） 指定以公平值對沖之衍生工具 a) Derivatives designated as fair value hedges
利率掉期 Interest rate swaps 19,850,922 194,559 (340,795)
貨幣掉換 Currency swaps 1,234,871 – (178,493)
持作對沖用途之衍生工具資產╱(負債 )合計 Total derivative assets/(liabilities) held for hedging 21,085,793 194,559 (519,288)
已確認之衍生金融工具資產╱(負債 )合計 Total recognised derivative financial assets/(liabilities) 163,032,224 1,079,328 (1,458,432)
The effect of bilateral netting agreements, where applicable, has been
taken into account in disclosing the fair value of derivatives.
披露衍生工具之公平值時已考慮雙邊淨額結算安
排（如適用）的影響。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 215
20. DERIVATIVE FINANCIAL INSTRUMENTS (Continued)
The credit risk weighted amounts of the above off-balance sheet
exposures as at 31 December, where applicable, has been taken into
account the effect of bilateral netting arrangements that the Group
entered into, are as follows:
2016 2015
匯率合約 Exchange rate contracts 959,439 1,627,460
利率合約 Interest rate contracts 175,128 139,476
其他合約 Other contracts 3,388 13,714
1,137,955 1,780,650
The contract amounts of these instruments indicate the volume of
transactions outstanding as at the end of the reporting period. They
do not represent the amounts at risk.
The credit risk weighted amounts are the amounts that have been
calculated with reference to the Banking (Capital) Rules issued by the
HKMA. The amounts calculated are dependent upon the status of the
counterparty and the maturity characteristics of each type of contract.
The hedging practices and accounting treatment are disclosed in Note
.
The Group hedges a portion of its existing interest rate risk in
investments in securities included in the loans and receivables
category, available-for-sale debt securities and issued liabilities
by fair value hedges in the form of interest rate swap. The gains
on the hedging instruments were HK$384,193,000 (2015: gains of
HK$57,750,000). The losses on the hedged item attributable to the
hedged risk were HK$385,617,000 (2015: losses of HK$66,524,000).
The net impact is disclosed in “Net gain/loss arising from financial
instruments subject to fair value hedge” in Note 9.
20. 衍生金融工具（續）
上述已計入本集團訂立之雙邊淨額結算安排（如
適用）之影響之12月31日資產負債表外項目的信
貸風險加權數額，呈列如下：
此等工具之合約數額僅為其於報告期末的交易
量，並不代表其風險數額。
信貸風險加權數額乃參考香港金管局發出之《銀
行業（資本）規則》而計算之數額，計算所得之數
額則視乎交易對手及各項合約到期特性而定。
對沖方法及會計處理方式於附註披露。
本集團採用以利率掉期形式之公平值對沖來對沖
包括在貸款及應收款項類別之證券投資、可供出
售債務證券及已發行負債之部份現有利率風險。
對沖工具之收益為384,193,000港元（2015年：
收益為57,750,000港元）。對沖項目應佔對沖風
險之虧損為385,617,000港元（2015年：虧損為
66,524,000港元）。此淨影響已呈列於附註9之
「用公平值對沖的相關金融工具之淨收益╱虧損」
內。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報216
21. 各項貸款及其他賬目 21. ADVANCES AND OTHER ACCOUNTS
2016 2015
個人貸款及墊款 Loans and advances to individuals
－信用卡 – Credit cards 4,613,534 4,706,017
－按揭貸款 – Mortgages 32,224,005 31,273,079
－其他 – Others 11,557,295 9,729,001
企業貸款及墊款 Loans and advances to corporate entities
－有期貸款 – Term loans 30,862,318 29,150,773
－按揭貸款 – Mortgages 16,213,526 16,016,536
－貿易融資 – Trade finance 8,020,721 7,986,955
－其他 – Others 10,163,322 10,762,963
客戶貸款總額 Gross advances to customers 113,654,721 109,625,324
扣除：減值準備 Less: impairment allowances
－個別評估 – Individually assessed (435,210) (327,953)
－綜合評估 – Collectively assessed (420,545) (358,072)
112,798,966 108,939,299
貿易票據 Trade bills 4,299,974 6,469,899
扣除：減值準備 Less: impairment allowances
－綜合評估 – Collectively assessed (14,578) (8,901)
4,285,396 6,460,998
其他資產（附註30） Other assets (Note 30) 3,021,819 3,040,889
扣除：減值準備 Less: impairment allowances
－個別評估 – Individually assessed (9,351) (19,585)
－綜合評估 – Collectively assessed (625) (256)
3,011,843 3,021,048
各項貸款及其他賬目 Advances and other accounts 120,096,205 118,421,345
減值準備 Impairment allowances
－個別評估 – Individually assessed (444,561) (347,538)
－綜合評估 – Collectively assessed (435,748) (367,229)
(880,309) (714,767)
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 217
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(a) Reconciliation of allowance account for losses on loans
and advances to customers and trade bills
減值準備－個別評估
Impairment allowances – Individual assessment
按揭貸款 其他 合計
Mortgages Others Total
個人貸款及墊款減值準備之變動 Movement in impairment allowances
on loans and advances to individuals
2015年1月1日的結餘 Balance at 1 January 2015 218 3,508 3,726
減值虧損（回撥）╱提撥 Impairment losses (reversed)/charged (466) 2,309 1,843
未能償還貸款撇銷額 Loans written off as uncollectible – (2,444) (2,444)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 466 1,195 1,661
匯兌及其他調整 Exchange and other adjustments – (8) (8)
2015年12月31日 At 31 December 2015 218 4,560 4,778
2016年1月1日的結餘 Balance at 1 January 2016 218 4,560 4,778
減值虧損（回撥）╱提撥 Impairment losses (reversed)/charged (459) 1,442 983
未能償還貸款撇銷額 Loans written off as uncollectible – (1,789) (1,789)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 496 1,412 1,908
匯兌及其他調整 Exchange and other adjustments – (94) (94)
2016年12月31日 At 31 December 2016 255 5,531 5,786
21. 各項貸款及其他賬目（續）
（甲） 客戶貸款及墊款及貿易票據之虧損準
備賬目對賬表
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報218
21. 各項貸款及其他賬目（續）
（甲） 客戶貸款及墊款及貿易票據之虧損準
備賬目對賬表（續）
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(a) Reconciliation of allowance account for losses on loans
and advances to customers and trade bills (Continued)
減值準備－綜合評估
Impairment allowances – Collective assessment
信用卡 按揭貸款 其他 合計
Credit cards Mortgages Others Total
個人貸款及墊款減值準備之變動 Movement in impairment allowances
on loans and advances to individuals
2015年1月1日的結餘 Balance at 1 January 2015 26,690 10,365 53,500 90,555
減值虧損提撥 Impairment losses charged 45,703 18,361 168,171 232,235
未能償還貸款撇銷額 Loans written off as uncollectible (63,448) – (182,068) (245,516)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 18,123 – 20,216 38,339
匯兌及其他調整 Exchange and other adjustments – (224) (26) (250)
2015年12月31日 At 31 December 2015 27,068 28,502 59,793 115,363
2016年1月1日的結餘 Balance at 1 January 2016 27,068 28,502 59,793 115,363
減值虧損提撥╱（回撥） Impairment losses charged/(reversed) 58,739 (10,423) 183,726 232,042
未能償還貸款撇銷額 Loans written off as uncollectible (70,858) – (195,600) (266,458)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 14,536 – 21,545 36,081
匯兌及其他調整 Exchange and other adjustments – (1,331) (155) (1,486)
2016年12月31日 At 31 December 2016 29,485 16,748 69,309 115,542
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 219
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(a) Reconciliation of allowance account for losses on loans
and advances to customers and trade bills (Continued)
減值準備－綜合評估
Impairment allowances – Individual assessment
有期貸款 按揭貸款 貿易融資 其他 合計
Term loans Mortgages Trade finance Others Total
企業貸款及墊款 Movement in impairment allowances
減值準備之變動 on loans and advances to corporate
entities
2015年 1月1日的結餘 Balance at 1 January 2015 37,410 305 142,829 33,474 214,018
減值虧損提撥 Impairment losses charged 84,555 1 97,825 34,717 217,098
未能償還貸款撇銷額 Loans written off as uncollectible (22,045) – (75,540) (19,898) (117,483)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 698 – 9,126 3,541 13,365
匯兌及其他調整 Exchange and other adjustments (1,180) – (2,643) – (3,823)
2015年12月 31日 At 31 December 2015 99,438 306 171,597 51,834 323,175
2016年1月1日的結餘 Balance at 1 January 2016 99,438 306 171,597 51,834 323,175
減值虧損提撥 Impairment losses charged 61,368 1 152,823 33,067 247,259
未能償還貸款撇銷額 Loans written off as uncollectible (37,814) – (87,500) (31,063) (156,377)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years 4,303 – 5,788 6,514 16,605
匯兌及其他調整 Exchange and other adjustments (287) – (951) – (1,238)
2016年12月31日 At 31 December 2016 127,008 307 241,757 60,352 429,424
21. 各項貸款及其他賬目（續）
（甲） 客戶貸款及墊款及貿易票據之虧損準
備賬目對賬表（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報220
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(a) Reconciliation of allowance account for losses on loans
and advances to customers and trade bills (Continued)
減值準備－綜合評估
Impairment allowances – Collective assessment
有期貸款 按揭貸款 貿易融資 其他 合計
Term loans Mortgages Trade finance Others Total
企業貸款及墊款 Movement in impairment allowances
減值準備之變動 on loans and advances to
corporate entities
2015年 1月1日的結餘 Balance at 1 January 2015 58,074 14,206 68,989 64,476 205,745
減值虧損提撥╱（回撥） Impairment losses charged/(reversed) 31,489 15,762 (16,525) 29,560 60,286
未能償還貸款撇銷額 Loans written off as uncollectible – – – (11,696) (11,696)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years – – – 33 33
匯兌及其他調整 Exchange and other adjustments (1,823) – (406) (529) (2,758)
2015年12月 31日 At 31 December 2015 87,740 29,968 52,058 81,844 251,610
2016年1月1日的結餘 Balance at 1 January 2016 87,740 29,968 52,058 81,844 251,610
減值虧損提撥 Impairment losses charged 35,844 32,482 12,320 11,164 91,810
未能償還貸款撇銷額 Loans written off as uncollectible – – – (19,449) (19,449)
收回已於往年撇銷之貸款 Recoveries of advances written off
in previous years – – – 1 1
匯兌及其他調整 Exchange and other adjustments (2,866) – (680) (845) (4,391)
2016年12月31日 At 31 December 2016 120,718 62,450 63,698 72,715 319,581
21. 各項貸款及其他賬目（續）
（甲） 客戶貸款及墊款及貿易票據之虧損準
備賬目對賬表（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 221
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(b) Reconciliation of allowance account for losses on
accrued interest and other accounts
應計利息及其他賬目
Accrued interest
and other accounts
減值準備－ 減值準備－
綜合評估 個別評估
Impairment Impairment
allowances – allowances –
Collective Individual
assessment assessment
應計利息及其他賬目 Movement in impairment allowances
減值準備之變動 on accrued interest and
other accounts
2015年1月1日的結餘 Balance at 1 January 2015 366 20,506
減值虧損回撥 Impairment losses reversed (110) –
匯兌及其他調整 Exchange and other adjustments – (921)
2015年12月31日 At 31 December 2015 256 19,585
2016年1月1日的結餘 Balance at 1 January 2016 256 19,585
減值虧損提撥╱（回撥） Impairment losses charged/(reversed) 369 (8,896)
匯兌及其他調整 Exchange and other adjustments – (1,338)
2016年12月31日 At 31 December 2016 625 9,351
21. 各項貸款及其他賬目（續）
（乙） 應計利息及其他賬目之虧損準備賬目
對賬表
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報222
21. ADVANCES AND OTHER ACCOUNTS (Continued)
(c) Loans and advances to customers include finance
lease receivables as follows:
Loans and advances to customers include net investments in
equipment leased to customers under finance leases and hire
purchase contracts having the characteristics of finance leases. The
contracts have an option for acquiring by the leasee the leased asset
at nominal value at the end of the lease period.
2016 2015
投資在融資租賃之應收賬總額： Gross investment in finance
lease receivable:
1年以內 Not later than 1 year 2,537,523 2,640,295
1年以上至5年 Later than 1 year and not
later than 5 years 3,400,897 3,694,792
5年以上 Later than 5 years 952,999 1,336,971
6,891,419 7,672,058
融資租賃之未賺取之融資收入 Unearned future finance income
on finance leases (580,817) (708,387)
融資租賃投資淨額 Net investment in finance leases 6,310,602 6,963,671
融資租賃投資淨額之分析如下： The net investment in finance leases
is analysed as follows:
1年以內 Not later than 1 year 2,322,326 2,399,057
1年以上至5年 Later than 1 year and not
later than 5 years 3,167,869 3,426,844
5年以上 Later than 5 years 820,407 1,137,770
6,310,602 6,963,671
There is no unguaranteed residual value included in the gross
investment in finance leases above as at 31 December 2016 (2015:
Nil).
The allowance for uncollectible finance lease receivables included
in the impairment allowances as at 31 December 2016 of the Group
amounted to HK$49,665,000 (2015: HK$45,415,000).
21. 各項貸款及其他賬目（續）
（丙） 包括在客戶貸款及墊款之融資租賃應
收賬如下：
客戶貸款及墊款包括根據融資租賃及具有融資租
賃特性之租購合約而出租予客戶之設備投資淨
額。合約提供承租人於租賃期末時選擇權，以面
值購買該出租資產。
於2016年12月31日，上述的融資租賃投資總額
內並沒有無擔保剩餘價值（2015年：無）。
於2016年12月31日，本集團之貸款減值準備包
括不可收回之融資租賃應收賬作出的準備合計為
49,665,000港元（2015年：45,415,000港元）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 223
22. AVAILABLE-FOR-SALE SECURITIES
2016 2015
債務證券： Debt securities:
－香港上市 – Listed in Hong Kong 14,390,816 12,683,540
－香港以外上市 – Listed outside Hong Kong 13,928,043 9,060,290
－非上市 – Unlisted 3,953,915 1,989,770
32,272,774 23,733,600
權益性證券： Equity securities:
－香港上市 – Listed in Hong Kong 254,705 208,587
－非上市 – Unlisted 211,757 257,601
466,462 466,188
可供出售證券總額 Total available-for-sale securities 32,739,236 24,199,788
包括在債務證券內有 : Included within debt securities are:
－國庫票據（等同現金項目） – Treasury bills which are cash
equivalents 1,899,588 –
－其他國庫票據 – Other treasury bills 5,462,256 3,610,091
－政府債券 – Government bonds 238,910 238,109
－其他債務證券 – Other debt securities 24,672,020 19,885,400
32,272,774 23,733,600
Note:
As at 31 December 2016 and 2015, there were no certificates of deposit held
included in the above balances of investments in debt securities.
可供出售證券 Available-for-sale securities are
按發行機構類別分析如下： analysed by categories of
issuers as follows:
－中央政府和中央銀行 – Central governments and
central banks 7,600,754 3,848,200
－公營機構 – Public sector entities 603,533 500,463
－銀行及其他金融機構 – Banks and other financial
institutions 3,549,923 4,132,163
－企業 – Corporate entities 20,982,498 15,716,434
－其他 – Others 2,528 2,528
32,739,236 24,199,788
22. 可供出售證券
註：
於2016年及2015年12月31日，上述債務證券投資結餘
內並無包括持有存款證。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報224
23. HELD-TO-MATURITY SECURITIES
2016 2015
債務證券 : Debt securities
－香港上市 – Listed in Hong Kong 3,167,081 2,384,910
－香港以外上市 – Listed outside Hong Kong 3,731,661 4,441,722
－非上市 – Unlisted 3,325,098 3,649,664
10,223,840 10,476,296
包括在債務證券內有 : Included within debt securities are:
－持有的存款證 – Certificates of deposit held 400,000 1,177,533
－國庫票據 – Treasury bills 2,401,808 1,994,337
－政府債券 – Government bonds 523,290 442,147
－其他債務證券 – Other debt securities 6,898,742 6,862,279
10,223,840 10,476,296
持至到期證券 Held-to-maturity securities are
按發行機構類別分析如下 : analysed by categories of
issuers as follows:
－中央政府及中央銀行 – Central governments and central
banks 2,925,098 2,436,484
－銀行及其他金融機構 – Banks and other financial
institutions 2,615,100 3,598,931
－企業 – Corporate entities 4,683,642 4,440,881
10,223,840 10,476,296
23. 持至到期證券
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 225
24. INVESTMENT IN AN ASSOCIATE
2016 2015
應佔資產淨值 Share of net assets 3,908,770 3,754,594
商譽 Goodwill 344,623 344,623
合計 Total 4,253,393 4,099,217
2016 2015
1月1日 At 1 January 4,099,217 3,746,918
應佔除稅後業績 Share of results, net of tax 602,793 665,942
應佔除稅後投資重估儲備 Share of investment revaluation
reserve, net of tax (12,623) 59,793
視同出售之虧損 Loss on deemed disposal – (47,617)
已收股息 Dividend received (142,741) (158,071)
匯兌差異 Exchange differences (293,253) (167,748)
12月31日 At 31 December 4,253,393 4,099,217
The following is the key information relating to the associate as at 31
December 2016 and 2015:
註冊及營運地點 主要業務 所佔權益百分比
名稱 Place of incorporation Principal Percentage of
Name and operation activities interest in ownership
2016 2015
重慶銀行 中華人民共和國 銀行
Bank of Chongqing People’s Republic of China Banking % %
24. 聯營公司投資
於2016年及2015年12月31日之聯營公司之主要
資料如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報226
24. INVESTMENT IN AN ASSOCIATE (Continued)
(a) Selected financial information of BOCq
The statutory accounting reference date of BOCQ is 31 December.
For the year ended 31 December 2016 and 2015, the Group included
the results of BOCQ on the basis of financial statements made up to
the 12 months to 31 December 2016 and 31 December 2015.
2016年 2015年
12月31日 12月31日
At At
31 December 31 December
2016 2015
重慶銀行之精選資產及負債資料 Selected balance sheet
information of BOCQ
現金及在中央銀行的結餘 Cash and balances with
central banks 47,605,944 45,592,990
應收其他銀行及金融機構 Due from other banks and
financial institutions 61,942,010 54,729,387
客戶貸款及墊款 Loans and advances to
customers 163,220,318 145,386,839
其他金融資產 Other financial assets 133,780,297 129,026,511
其他資產 Other assets 8,319,650 6,952,227
資產合計 Total assets 414,868,219 381,687,954
應付其他銀行及金融機構 Due to other banks and
financial institutions 67,106,331 87,405,976
客戶存款 Customer deposits 255,294,063 237,861,211
其他金融負債 Other financial liabilities 60,709,871 22,068,534
其他負債 Other liabilities 5,280,585 8,939,236
負債合計 Total liabilities 388,390,850 356,274,957
權益合計 Total equity 26,477,369 25,412,997
Reconciliation of BOCQ’s total shareholders’ equity to the carrying
amount in DSB’s consolidated financial statements
大新銀行應佔股東權益合計 DSB’s share of total shareholders’
equity 3,882,841 3,726,753
加 : 收購時之商譽及公平值調整 Add: Goodwill and fair value adjustment
at acquisition 370,552 372,464
賬面值 Carrying amount 4,253,393 4,099,217
24. 聯營公司投資（續）
（甲） 重慶銀行之精選財務資料
重慶銀行之法定會計參考日期為12月31日。截至
2016年及2015年12月31日止年度期間，本集團
於截至2016年12月31日及2015年12月31日止
12個月之財務報表已包含重慶銀行之業績。
重慶銀行之股東權益合計與大新銀行綜合財務報
表內之賬面值對賬表
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 227
24. INVESTMENT IN AN ASSOCIATE (Continued)
(a) Selected financial information of BOCq (Continued)
截至12月31日止年度
For the year ended
31 December
2016 2015
重慶銀行之精選收益賬資料 Selected income statement
information of BOCQ
淨利息收入 Net interest income 8,939,604 8,631,850
淨服務費及佣金收入 Net fee and commission income 2,242,665 1,863,993
貸款撥備費用 Loan impairment charges (2,807,537) (1,399,548)
折舊及攤銷費用 Depreciation and amortisation (198,885) (189,022)
稅項支出 Tax expense (1,346,454) (1,355,857)
年度溢利 Profit for the year 4,077,942 3,907,913
其他全面收益 Other comprehensive income (183,636) 367,227
全面收益總額 Total comprehensive income 3,894,306 4,275,140
已收重慶銀行股息 Dividends received from BOCQ 142,741 158,071
24. 聯營公司投資（續）
（甲） 重慶銀行之精選財務資料（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報228
25. INVESTMENTS IN JOINTLY CONTROLLED ENTITIES
2016 2015
非上市股份，按成本 Unlisted shares, at cost 20,000 20,000
應佔收購後儲備 Share of post-acquisition reserves 55,412 51,119
75,412 71,119
The following are the jointly controlled entities as at 31 December
2016 and 2015:
佔擁有權之百分比
註冊地點 主要業務及經營地點 Percentage of
名稱 Place of Principal activities and effective interest
Name incorporation place of operation in ownership
銀聯控股有限公司 香港 投資控股，香港
Bank Consortium Holding Limited Hong Kong Investment holding, Hong Kong %
銀聯信託有限公司 香港 強積金業務，香港
Bank Consortium Trust Company Limited Hong Kong Mandatory provident fund %
business, Hong Kong
銀聯金融有限公司 香港 強積金業務，香港
BCT Financial Limited Hong Kong Mandatory provident fund %
business, Hong Kong
The Group’s interest in Bank Consortium Holding Limited is held by
DSB, a subsidiary of the Company. Bank Consortium Trust Company
Limited and BCT Financial Limited are the wholly owned subsidiaries
of Bank Consortium Holding Limited.
25. 共同控制實體投資
於2016年及2015年12月31日的共同控制實體如
下：
本集團在銀聯控股有限公司之權益由附屬公司大
新銀行持有。而銀聯信託有限公司及銀聯金融有
限公司乃銀聯控股有限公司之全資附屬公司。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 229
26. SUBSIDIARIES
The following is a list of the Company’s subsidiaries as at 31
December 2016:
所佔股份百分比 已發行普通股股本
註冊地點 Percentage of shares held Particulars of
公司名稱 主要業務 Place of 直接 間接 issued ordinary
Name of company Principal activity incorporation Directly Indirectly share capital
大新銀行有限公司 銀行 香港
Dah Sing Bank, Limited Banking Hong Kong 100% – HK$6,200,000,000
豐明 (1931)有限公司 無營業 香港
MEVAS (1931) Limited Inactive Hong Kong 100% – HK$400,000,000
大新財務有限公司 無營業 香港
Dah Sing Finance Limited Inactive Hong Kong 100% – HK$25,000,000
投資控股 英屬處女群島
South Development Limited Investment holding British Virgin Islands 100% – US$1
投資控股 百慕達
. Holdings Limited Investment holding Bermuda % – US$1,000,000
大新銀行（中國）有限公司 銀行 中華人民共和國
Dah Sing Bank (China) Limited Banking People’s Republic of – 100% RMB1,200,000,000
China
澳門商業銀行股份有限公司 銀行 澳門
Banco Comercial de Macau, . Banking Macau – 100% MOP225,000,000
大新電腦系統有限公司 無營業 香港
Dah Sing Computer Systems Limited Inactive Hong Kong – 100% HK$20
大新保險顧問有限公司 保險經紀 香港
Dah Sing Insurance Brokers Limited Insurance broking Hong Kong – 100% HK$200,000
無營業 英屬處女群島
DSLI (1) Limited Inactive British Virgin Islands – 100% US$1
大新信託有限公司 代理人服務 香港
Dah Sing Nominees Limited Nominee services Hong Kong – 100% HK$100,000
投資控股 香港
Dah Sing Properties Limited Investment holding Hong Kong – 100% HK$9,998
26. 附屬公司
於2016年12月31日，本公司之附屬公司如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報230
26. SUBSIDIARIES (Continued)
所佔股份百分比 已發行普通股股本
註冊地點 Percentage of shares held Particulars of
公司名稱 主要業務 Place of 直接 間接 issued ordinary
Name of company Principal activity incorporation Directly Indirectly share capital
投資控股 香港
DSB BCM (1) Limited Investment holding Hong Kong – 100% HK$1
投資控股 香港
DSB BCM (2) Limited Investment holding Hong Kong – 100% HK$1
大新證券有限公司 證券買賣 香港
Dah Sing Securities Limited Securities dealing Hong Kong – 100% HK$10,000,000
無營業 香港
MEVAS Nominees Limited Inactive Hong Kong – 100% HK$50,000
物業投資 英屬處女群島
CWL Prosper Limited (formerly known Property investment British Virgin Islands – 100% US$1
as Channel Winner Limited)
怡泰富財務（香港）有限公司 無營業 香港
Pacific Finance (Hong Kong) Limited Inactive Hong Kong – 100% HK$450,000,000
安基財務有限公司 放債 香港
OK Finance Limited Money Lending Hong Kong – 100% HK$1,000
無營業 英屬處女群島
Shinning Bloom Investments Limited Inactive British Virgin Islands – 100% US$1
域寶投資有限公司 物業投資 香港
Vanishing Border Investment Services Limited Property investment Hong Kong – 100% HK$20
物業投資 英屬處女群島
Wise Measure Limited Property investment British Virgin Islands – 100% US$1
物業投資 英屬處女群島
Reliable Associates Limited Property investment British Virgin Islands – 100% US$1
無營業 格恩西島
. Hambros (Channel Islands) Limited Inactive Guernsey – % US$15,000
26. 附屬公司（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 231
26. SUBSIDIARIES (Continued)
所佔股份百分比 已發行普通股股本
註冊地點 Percentage of shares held Particulars of
公司名稱 主要業務 Place of 直接 間接 issued ordinary
Name of company Principal activity incorporation Directly Indirectly share capital
新力威集團有限公司 無營業 香港
Modern World Holdings Limited Inactive Hong Kong 100% – HK$1
新力輝香港有限公司 無營業 香港
Modern Bright Hong Kong Limited Inactive Hong Kong 100% – HK$1
物業投資 英屬處女群島
Talent Union Holding Limited Property investment British Virgin Islands – 100% US$2
物業投資 英屬處女群島
Well Idea Enterprises Limited Property investment British Virgin Islands 100% – US$1
Except for Dah Sing Bank, Limited which is a public limited company,
all the above companies are private companies, or, if incorporated
outside Hong Kong, have substantially the same characteristics as a
Hong Kong incorporated private company.
Except for Dah Sing Bank (China) Limited, Banco Comercial
de Macau, ., . Hambros (Channel lslands) Limited and
companies incorporated outside Hong Kong specified above, all other
companies operate in Hong Kong.
Dah Sing Bank (China) Limited was incorporated in Mainland China in
July 2008. It is registered as “Limited liability company” (solely funded
by Taiwan, Hong Kong or Macau corporate body) under the laws of
the People’s Republic of China.
26. 附屬公司（續）
除大新銀行有限公司是公眾有限公司外，上述所
有公司均為私人公司或倘於香港以外地方註冊成
立，其特徵與香港註冊成立之私人公司極為相
似。
除大新銀行（中國）有限公司、澳門商業銀行股份
有限公司、. Hambros (Channel Islands)
Limited及上述列明在香港以外註冊成立的公司
外，其他公司均在香港經營。
大新銀行（中國）有限公司於2008年7月在中國內
地註冊成立，其根據中華人民共和國之法規註冊
為「有限公司」（僅由台灣、香港或澳門之企業出
資）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報232
27. GOODWILL AND INTANGIBLE ASSETS
核心存款 客戶關係
合約 無形資產 無形資產
無形資產 Core Customer
商譽 Contract deposit relationship 商號 合計
Goodwill intangibles intangibles intangibles Trade name Total
成本 Cost
2016年 1月1日及 At 1 January 2016 and
2016年12月 31日 31 December 2016 811,690 26,499 80,583 40,777 58,252 1,017,801
累積減值╱攤銷 Accumulated impairment/amortisation
2016年 1月1日 At 1 January 2016 – 26,499 80,583 39,224 – 146,306
年內支出（附註 11） Charge for the year (Note 11) – – – 1,165 – 1,165
2016年12月 31日 At 31 December 2016 – 26,499 80,583 40,389 – 147,471
賬面值 Carrying value
2016年12月31日 At 31 December 2016 811,690 – – 388 58,252 870,330
核心存款 客戶關係
合約 無形資產 無形資產
無形資產 Core Customer
商譽 Contract deposit relationship 商號 合計
Goodwill intangibles intangibles intangibles Trade name Total
成本 Cost
2015年 1月1日及 At 1 January 2015 and
2015年12月 31日 31 December 2015 811,690 26,499 80,583 40,777 58,252 1,017,801
累積減值╱攤銷 Accumulated impairment/amortisation
2015年 1月1日 At 1 January 2015 – 26,499 80,583 37,185 – 144,267
年內支出（附註 11） Charge for the year (Note 11) – – – 2,039 – 2,039
2015年12月 31日 At 31 December 2015 – 26,499 80,583 39,224 – 146,306
賬面值 Carrying value
2015年12月31日 At 31 December 2015 811,690 – – 1,553 58,252 871,495
27. 商譽及無形資產
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 233
27. GOODWILL AND INTANGIBLE ASSETS (Continued)
Intangible assets of finite life include contract intangibles, core
deposit intangibles and customer relationship intangibles, and are
amortised over their useful life ranging from 5 to 12 years using a
diminishing balance method. Trade name is carried as an asset of
indefinite life and is tested annually for impairment losses. It is carried
at cost less accumulated impairment loss.
Goodwill is allocated to the Group’s cash-generating units (“CGU”)
identified according to business segments in line with the internal
management reporting structure. A summary of goodwill allocation is
presented below.
2015年12月31日及2016年12月31日
At 31 December 2015 and 31 December 2016
商業銀行 個人銀行 海外銀行
Commercial Personal Overseas 合計
Banking Banking Banking Total
香港 Hong Kong 196,478 122,189 – 318,667
澳門 Macau – – 493,023 493,023
196,478 122,189 493,023 811,690
Impairment testing in respect of goodwill is performed annually by
comparing the recoverable amount of CGU determined based on
value in use calculation. The calculations use cash flow projections
prepared by the Senior Management based on a 5-year business plan,
taking into account projected annual growth rate, and in perpetuity
with 2% constant growth rate after the fifth year. The 5-year business
plan was developed by the Senior Management based on their
evaluation of the businesses of the relevant CGU and the conditions
in which such businesses will operate over the projected period. The
discount rate used is based on the Group’s weighted average cost of
capital at % (2015: %).
For trade name, impairment testing is performed annually using pre-
tax royalty rate of 3% with reference to similar business transactions,
projected revenue in the medium-term plan, and in perpetuity with 2%
constant growth rate after the fifth year. The discount rate of %
(2015: %) used is based on the Group’s weighted average cost of
capital.
No impairment losses on goodwill and trade name were identified in
the year (2015: Nil).
27. 商譽及無形資產（續）
有使用期限之無形資產包括合約、核心存款及客
戶關係無形資產將以餘額遞減法按其介乎5至12
年之可用年期攤銷。商號為無使用期限並會每年
測試其減值虧損及以成本扣除累積減值虧損列
示。
商譽分配至按與內部管理報告架構一致的業務分
項已認明之現金產生單位（「現金產生單位」）。商
譽分配概要呈列如下。
商譽須每年作減值測試，對比根據計算之使用價
值而釐定之現金產生單位可回收金額。該計算應
用由高層管理人員所編制，以5年計劃之預測現
金流，經考慮預測每年增長率且以固定年增長率
2%推測第5年以後至永遠。該5年計劃由高層管
理人員基於其對有關現金產生單位之業務及該業
務於預測時期內的運作情況之評估所編制。所應
用之貼現率乃建基於本集團之資本成本加權平均
數%（2015年：%）。
商號每年進行之減值測試乃應用參照同類業務交
易之3%稅前專利權稅率及以中期計劃之預測收
入，且以固定年增長率2%推測第5年以後至永
遠。所應用之貼現率為%（2015年：%）
乃建基於本集團之資本成本加權平均數。
本年度並無確認商譽及商號之減值虧損（2015
年：無）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報234
28. PREMISES AND OTHER FIXED ASSETS
傢俬、
設備及汽車
Furniture,
equipment
行產 and motor 合計
Premises vehicles Total
截至2015年12月31日止年度 Year ended 31 December 2015
年初賬面淨值 Opening net book amount 1,371,062 415,532 1,786,594
新增 Additions 233,281 96,994 330,275
重新分類行產為投資物業 Reclassification from premises to
investment properties (10,507) – (10,507)
出售 Disposals – (1,457) (1,457)
折舊支出（附註11） Depreciation charge (Note 11) (42,111) (112,782) (154,893)
匯兌差異 Exchange difference (5,878) (2,268) (8,146)
年末賬面淨值 Closing net book amount 1,545,847 396,019 1,941,866
2015年12月31日 At 31 December 2015
成本 Cost 1,841,277 911,934 2,753,211
累積折舊 Accumulated depreciation (295,430) (515,915) (811,345)
賬面淨值 Net book amount 1,545,847 396,019 1,941,866
截至2016年12月31日止年度 Year ended 31 December 2016
年初賬面淨值 Opening net book amount 1,545,847 396,019 1,941,866
新增 Additions 90,496 137,481 227,977
重新分類投資物業為行產 Reclassification from investment
properties to premises 105,488 – 105,488
重新分類行產為投資物業 Reclassification from to premises
investment properties (7,176) – (7,176)
出售 Disposals – (444) (444)
折舊支出（附註11） Depreciation charge (Note 11) (44,416) (114,114) (158,530)
匯兌差異 Exchange difference (6,933) (3,402) (10,335)
年末賬面淨值 Closing net book amount 1,683,306 415,540 2,098,846
2016年12月31日 At 31 December 2016
成本 Cost 2,021,099 974,788 2,995,887
累積折舊 Accumulated depreciation (337,793) (559,248) (897,041)
賬面淨值 Net book amount 1,683,306 415,540 2,098,846
28. 行產及其他固定資產
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 235
28. PREMISES AND OTHER FIXED ASSETS (Continued)
The net book value of premises comprises:
2016 2015
租借地 Leaseholds
在香港持有之中期租約 Held in Hong Kong on medium-term
（在10至50年之間） lease (between 10-50 years) 1,248,510 1,192,779
在香港以外持有之中期租約 Held outside Hong Kong on medium–
（在10至50年之間） term lease (between 10-50 years) 434,796 353,068
1,683,306 1,545,847
29. INVESTMENT PROPERTIES
2016 2015
1月1日 At 1 January 991,376 814,229
新增 Additions 29,497 162,924
重新分類投資物業為行產 Reclassification from investment
properties to premises (105,488) –
重新分類行產為投資物業 Reclassification from premises to
investment properties 35,600 11,900
重估公平值收益 Fair value gains on revaluation 13,462 2,323
12月31日 At 31 December 964,447 991,376
The net book value of investment properties comprises:
2016 2015
租借地 Leaseholds
在香港持有之中期租約 Held in Hong Kong on medium-term
（在10至50年之間） lease (between 10-50 years) 916,530 928,209
在香港以外持有之中期租約 Held outside Hong Kong on medium–
（在10至50年之間） term lease (between 10-50 years) 47,917 63,167
964,447 991,376
28. 行產及其他固定資產（續）
行產之賬面淨值包括：
29. 投資物業
投資物業之賬面淨值包括：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報236
29. INVESTMENT PROPERTIES (Continued)
(a) Fair value measurement of investment properties
The Group’s investment properties were last revalued at 31 December
2016 and 2015 by adopting the direct comparison approach or
the income capitalisation approach and with reference to recent
transactions for similar premises as far as practicable by independent,
professionally qualified valuer Savills (Valuation and Professional
Services) Limited for investment properties in Hong Kong and
Mainland China, and by Savills (Macau) Limited for investment
properties in Macau.
The basis of the valuation of property was market value which is
consistent with the definition of fair value under HKFRS 13 “Fair Value
Measurement” and takes into account the highest and best use of the
property from the perspective of market participants.
One of the key inputs used in valuing the investment properties was
the unit sale rate taking into account of time, location, and individual
factors such as size and levels of buildings, which ranged from
HK$1,579 (2015: HK$1,695) to HK$124,100 (2015: HK$123,800) per
square foot. A decrease in unit sale rate would result in decrease in
fair value measurement of the investment properties by the same
percentage and vice versa.
Investment properties are classified as Level 3 under the fair value
hierarchy as defined in HKFRS 13, “Fair value measurement”.
29. 投資物業（續）
（甲） 計量投資物業之公平值
本集團於2016年及2015年12月31日為投資物
業的價值進行了重估。此評估由獨立專業特許測
量師第一太平戴維斯（估值及專業顧問）有限公司
為位於香港及中國國內之物業及第一太平戴維斯
（澳門）有限公司為位於澳門之物業按直接比較方
法或收入現值資產化方法以可參考之相似物業其
近期成交紀錄來進行。
市場價值為物業之估值基礎，其與香港財務報告
準則第13號《公平值計量》中之公平值定義一致及
已計入就市場參與者而言之最高和最佳的物業用
途。
在評定投資物業的價值時，其中一項主要依據為
經考慮時間、地點及個別因素如樓宇的大小及樓
層所確定的銷售單位價格，所確定之價格介乎每
平方呎1,579港元（2015年：1,695港元）至每平
方呎124,100港元（2015年：123,800港元）。銷
售單位價格的下降會導致投資物業之公平值計量
有相應百分比的減少，反之亦然。
投資物業分類被界定為香港財務報告準則第13號
《公平值計量》中公平值等級的第3級別。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 237
29. INVESTMENT PROPERTIES (Continued)
(b) Reconciliation of fair value measurement in Level 3 of
the fair value hierarchy
The following table provides a reconciliation of the movement
between opening and closing balances of Level 3 investment
properties, measured at fair value using a valuation technique with
significant unobservable inputs:
2016 2015
1月1日 At 1 January 991,376 814,229
新增 Additions 29,497 162,924
重新分類行產為投資物業 Reclassification from premises to
investment properties
－重新分類為行產之賬面淨值 – Net book value of premises
reclassified 5,673 10,507
－重估盈餘撥入行產重估儲備 – Surplus on revaluation credited to
premises revaluation reserve 29,927 1,393
35,600 11,900
以公平值重新分類投資物業為行產 Reclassification from investment
properties to premises at fair value (105,488) –
公平值收益 Fair value gains 13,462 2,323
12月31日 At 31 December 964,447 991,376
於年末持有之資產在全面 Unrealised gains or losses recognised
收益表中已確認之未變現 in comprehensive income statement
收益或虧損 relating to those assets held at the
end of the year
－物業重估淨盈餘 – Net surplus on property revaluation 29,927 1,393
於年末持有之資產在損益賬中 Unrealised gains or losses recognised
已確認之未變現收益或虧損 in income statement relating to those
assets held at the end of the year
－公平值收益 – Fair value gains 13,462 2,270
29. 投資物業（續）
（乙） 公平值等級中第3級別之公平值計量對
賬表
下表詳列使用包含重大不可觀察數據之估值方法
對第3級別之投資物業所計量的公平值於期初及
期末之間結餘變動之對賬：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報238
29. INVESTMENT PROPERTIES (Continued)
(c) Information about Level 3 fair value measurement
估值方法 不可觀察之數據
Valuation Unobservable 範圍
technique(s) input(s) Range
投資物業 收入現值資產化方法 市場收益率 % to %
（復歸收益率） （2015年：%至%）
Investment properties Income capitalisation approach Market yields % to %
(reversionary yield) (2015: %至%)
市場租金 每平方呎71港元至104港元
（2015年：每平方呎34港元至102港元）
Market rental HK$71 to HK$104 per square foot
(2015: HK$34 to HK$102 per square foot)
For investment properties of which the fair value is determined using
the income capitalisation approach, the assessment is conducted
on the basis of capitalisation of net incomes with due allowance
for outgoings and reversionary income potential. The fair value
measurement is positively correlated to the market rental and
inversely correlated to the market yields.
30. OTHER ASSETS
2016 2015
應收款項及預付項目 Accounts receivable and prepayments 1,955,675 2,084,811
應計收入 Accrued income 810,557 715,756
其他 Others 255,587 240,322
3,021,819 3,040,889
31. TRADING LIABILITIES
2016 2015
沽空國庫票據及國庫債券 Short sales of treasury bills
and treasury bonds 7,748,887 6,270,630
29. 投資物業（續）
（丙） 有關第3級別公平值計量方法的資料
以收入現值資產化方法釐定公平值之投資物業，
有關之評估按淨收入現值資產化及經考慮該等物
業之支出與其可復歸收入之潛力進行。公平值計
量與市場租金成正相關關係，與市場收益率成負
相關關係。
30. 其他資產
31. 持作買賣用途的負債
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 239
32. DEPOSITS FROM CUSTOMERS
2016 2015
活期存款及往來存款 Demand deposits and
current accounts 34,941,422 36,057,166
儲蓄存款 Savings deposits 24,423,369 21,826,622
定期、通知及短期存款 Time, call and notice deposits 94,498,182 92,964,115
153,862,973 150,847,903
Included in customer accounts were deposits of HK$42,732,000
(2015: HK$7,178,000) held as collateral for irrevocable commitments
under import letters of credit.
Other than time, call and notice deposits, all other customer deposits
carry variable interest rates.
33. CERTIFICATES OF DEPOSIT ISSUED
2016 2015
按對沖利率風險下公平值列賬 At fair value under fair value hedge
(for hedging interest rate risk) 5,052,951 4,361,923
按攤餘成本列賬 At amortised cost 1,507,025 1,869,914
6,559,976 6,231,837
During 2016 and 2015, the Group did not designate on initial
recognition any certificates of deposit issued at fair value through
profit or loss.
The amount that the Group would be contractually required to pay at
maturity to the holders of these certificates of deposit is HK$20 million
higher (2015: HK$8 million lower) than the above carrying amount.
32. 客戶存款
客戶戶口結餘包含被持作入口信用證不可撤銷承
擔 之 抵 押 品 之 存 款42,732,000港 元（2015年：
7,178,000港元）。
除定期、通知及短期存款外，所有其他客戶存款
皆為浮息存款。
33. 已發行的存款證
於2016年及2015年內，本集團未有於初始確認
時指定任何已發行存款證為以公平值計量且其變
動計入損益。
本集團在此等已發行存款證到期時按合約應付
的金額較以上所列之賬面值高20,000,000港元
（2015年：低8,000,000港元）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報240
34. SUBORDINATED NOTES
2016 2015
225,000,000美元於2020年到期的 US$225,000,000 Subordinated Fixed
定息後償債務（註（甲）） Rate Notes due 2020 (Note (a)) 1,854,026 1,894,565
200,000,000美元永久定息後償債務 US$200,000,000 Perpetual Subordinated
（註（乙）） Fixed Rate Notes (Note (b)) 429,072 448,814
225,000,000新加坡元於2022年到期的 S$225,000,000 Subordinated Fixed
定息後償債務（註（丙）） Rate Notes due 2022 (Note (c)) 1,205,148 1,223,184
225,000,000美元於2024年到期的 US$225,000,000 Subordinated Fixed
定息後償債務（註（丁）） Rate Notes due 2024 (Note (d)) 1,749,252 1,753,331
250,000,000美元於2026年到期的 US$250,000,000 Subordinated Fixed
定息後償債務（註（戊）） Rate Notes due 2026 (Note (e)) 1,908,665 –
7,146,163 5,319,894
按對沖利率風險下公平值列賬 At fair value under fair value hedge
(for hedging interest rate risk) 6,717,091 4,871,080
按攤餘成本列賬 At amortised cost 429,072 448,814
7,146,163 5,319,894
During 2016 and 2015, the Group did not designate on initial
recognition any subordinated notes at fair value through profit or loss.
Note:
(a) This represents US$225,000,000 Subordinated Fixed Rate Notes
qualifying as supplementary capital of DSB issued on 11 February 2010
(the “Notes”), which are listed on the Singapore Stock Exchange Trading
Limited (“SGX”). The Notes will mature on 11 February 2020. Interest at
% . is payable semi-annually. An interest rate swap contract to
swap the fixed rate payment liability of the Notes to floating interest rate
based on LIBOR has been entered into with an international bank.
(b) This represents US$200,000,000 Perpetual Subordinated Fixed Rate
Notes qualifying as upper supplementary capital of DSB issued on 16
February 2007 (the “Notes”), which are listed on the SGX. The Notes
carry an optional redemption date falling on 17 February 2017. Interest at
% . is payable semi-annually from the issue date to the optional
redemption date. Thereafter, if the Notes are not redeemed, the interest
rate will reset and the Notes will bear interest at 3-month LIBOR plus
190 basis points. DSB may, subject to receiving the prior approval of the
HKMA, redeem the Notes in whole but not in part, at par either on the
optional redemption date or for taxation reasons on interest payment
date. An interest rate swap contract to swap the fixed rate payment
liability of the Notes to floating interest rate based on LIBOR has been
entered into with an international bank.
34. 後償債務
於2016年及2015年內，本集團未有於初始確認
時指定任何後償債務為以公平值計量且其變動計
入損益。
註：
（甲） 此 乃 大 新 銀 行 於2010年2月11日 發 行 之
225,000,000美元在新加坡交易所（「新交所」）
上市並被界定為附加資本的定息後償債務（「債
務」）。此等債務將於2020年2月11日到期。年息
為%，每半年付息一次。大新銀行亦已與
一國際銀行訂立利率掉期合約將債務的固定利息
掉換為以美元銀行同業拆息為基礎的浮動利息付
款。
（乙） 此 乃 大 新 銀 行 於2007年2月16日 發 行 之
200,000,000美元在新交所上市並被界定為高層
附加資本的永久定息後償債務（「債務」）。此等債
務之選擇性贖還日為2017年2月17日。由發行日
至其選擇性贖還日， 年息為%，每半年付
息一次。其後，倘債務未在選擇性贖還日贖回，
往後的利息會重訂為3個月期美元銀行同業拆息
加190點子。若獲得香港金管局預先批准，大新
銀行可於選擇性贖還日或因稅務理由於利息付款
日以票面價值贖回所有（非部分）債務。大新銀行
亦已與一國際銀行訂立利率掉期合約將債務的固
定利息掉換為以美元銀行同業拆息為基礎的浮動
利息付款。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 241
34. SUBORDINATED NOTES (Continued)
Note: (Continued)
(b) (Continued)
In 2010 and 2009, DSB repurchased a portion of the Notes with a total
notional principal of US$75,000,000 and US$70,000,000 respectively
at a discount after unwinding an identical notional amount of interest
rate swap. Such repurchased Notes were cancelled after receiving prior
approval of the HKMA.
(c) This represents S$225,000,000 Subordinated Fixed Rate Notes
qualifying as supplementary capital of DSB issued on 8 February 2012
(the “Notes”), which are listed on the SGX. The Notes will mature on 9
February 2022 with an optional redemption date falling on 9 February
2017. Interest at % . is payable semi-annually from the issue
date to the optional redemption date. Thereafter, if the Notes are not
redeemed, the interest rate will be reset and the Notes will bear interest
at the then prevailing 5-year Singapore Dollar swap rate plus 376 basis
points. DSB may, subject to receiving the prior approval of the HKMA,
redeem the Notes in whole but not in part, at par either on the optional
redemption date or for taxation reasons on interest payment date. An
interest rate swap contract to swap the fixed rate payment liability of the
Notes to floating interest rate based on LIBOR has been entered into with
an international bank.
(d) This represents US$225,000,000 Basel I I I compl iant 10-year
Subordinated Fixed Rate Notes qualifying as Tier 2 capital of DSB
(subject to the provisions of the Banking (Capital) Rules of Hong Kong)
issued on 29 January 2014 (the “Notes”), which are listed on The Stock
Exchange of Hong Kong Limited (“SEHK”). The Notes will mature on 29
January 2024 with an optional redemption date falling on 29 January
2019. Interest at % . is payable semi-annually from the issue
date to the optional redemption date. Thereafter, if the Notes are
not redeemed, the interest rate will be reset and the Notes will bear
interest at the then prevailing 5-year . Treasury Rate plus 375 basis
points. DSB may, subject to receiving the prior approval of the HKMA,
redeem the Notes in whole but not in part, at par either on the optional
redemption date or for taxation reasons on interest payment date. An
interest rate swap contract to swap the fixed rate payment liability of the
Notes to floating interest rate based on LIBOR has been entered into with
an international bank.
34. 後償債務（續）
註：（續）
（乙） （續）
於2010年及2009年，大新銀行於終止相同金額
的利率掉期後以折讓價回購名義本金總額分別為
75,000,000美元及70,000,000美元之部份債務，
而有關之已回購債務於獲得香港金管局之預先批
准後已註銷。
（丙） 此 乃 大 新 銀 行 於2012年2月8日 發 行 之
225,000,000新加坡元在新交所上市並被界定為
附加資本的定息後償債務（「債務」）。此等債務將
於2022年2月9日到期。選擇性贖還日為2017
年2月9日。由發行日至其選擇性贖還日，年息
為%，每半年付息一次。其後，倘債務未
在選擇性贖還日贖回，往後的利息會重訂為當時
5年期新加坡元掉期息率加376點子。若獲得香
港金管局預先批准，大新銀行可於選擇性贖還日
或因稅務理由於利息付款日以票面價值贖回所有
（非部分）債務。大新銀行亦已與一國際銀行訂立
利率掉期合約將債務的固定利息掉換為以美元銀
行同業拆息為基礎的浮動利息付款。
（丁） 此 乃 大 新 銀 行 於2014年1月29日 發 行 之
225,000,000美元在香港聯合交易所有限公司
（「香港交易所」）上市及符合巴塞爾協定 III而被界
定為二級資本的10年期定息後償債務（「債務」）
（須遵守香港《銀行業（資本）規則》之條款）。此等
債務將於2024年1月29日到期。選擇性贖還日為
2019年1月29日。由發行日至其選擇性贖還日，
年息為%，每半年付息一次。其後，倘債務
未在選擇性贖還日贖回，往後的利息會重訂為當
時5年期美國國庫債券息率加375點子。若獲得香
港金管局預先批准，大新銀行可於選擇性贖還日
或因稅務理由於利息付款日以票面價值贖回所有
（非部分）債務。大新銀行亦已與一國際銀行訂立
利率掉期合約將債務的固定利息掉換為以美元銀
行同業拆息為基礎的浮動利息付款。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報242
34. SUBORDINATED NOTES (Continued)
Note: (Continued)
(e) This represents US$250,000,000 Basel I I I compl iant 10-year
Subordinated Fixed Rate Notes qualifying as Tier 2 capital of DSB
(subject to the provisions of the Banking (Capital) Rules of Hong Kong)
issued on 30 November 2016 (the “Notes”), which are listed on the
SEHK. The Notes will mature on 30 November 2026 with an optional
redemption date falling on 30 November 2021. Interest at % . is
payable semi-annually from the issue date to the optional redemption
date. Thereafter, if the Notes are not redeemed, the interest rate will be
reset and the Notes will bear interest at the then prevailing 5-year .
Treasury Rate plus 255 basis points. DSB may, subject to receiving the
prior approval of the HKMA, redeem the Notes in whole but not in part,
at par either on the optional redemption date or for taxation reasons
on interest payment date. An interest rate swap contract to swap the
fixed rate payment liability of the Notes to floating interest rate based on
LIBOR has been entered into with an international bank.
The amount that the Group would be contractually required to pay at
maturity to the holders of these subordinated notes is HK$85 million
lower (2015: HK$171 million lower) than the above carrying amount.
35. DEFERRED INCOME TAX
Deferred income tax assets and liabilities are offset when there is a
legally enforceable right to offset current income tax assets against
current income tax liabilities and when the deferred income taxes
relate to the same fiscal authority. The offset amounts are as follows:
2016 2015
遞延稅項資產 Deferred income tax assets 68,286 83,473
遞延稅項負債 Deferred income tax liabilities (91,741) (46,556)
Deferred income tax assets and liabilities analysed based on the
underlying category of temporary differences and the expected date
of recovery and settlement are as follows:
34. 後償債務（續）
註：（續）
（戊） 此 乃 大 新 銀 行 於2016年11月30日 發 行 之
250,000,000美元在香港交易所上市及符合巴塞
爾協定III 而被界定為二級資本的10年期定息後償
債務（「債務」）（須遵守香港《銀行業（資本）規則》
之條款）。此等債務將於2026年11月30日到期。
選擇性贖還日為2021年11月30日。由發行日至
其選擇性贖還日，年息為%，每半年付息一
次。其後，倘債務未在選擇性贖還日贖回，往後
的利息會重訂為當時5年期美國國庫債券息率加
255點子。若獲得香港金管局預先批准，大新銀
行可於選擇性贖還日或因稅務理由於利息付款日
以票面價值贖回所有（非部分）債務。大新銀行亦
已與一國際銀行訂立利率掉期合約將債務的固定
利息掉換為以美元銀行同業拆息為基礎的浮動利
息付款。
本集團在此等後償債務到期時按合約應付的金額
較以上所列之賬面值低85,000,000港元（2015
年：低171,000,000港元）。
35. 遞延稅項
遞延稅項資產及負債的對銷只在具有合法執行權
對銷即期稅項資產和即期稅項負債時及遞延稅項
與同一稅務機構有關時方可進行。對銷之金額如
下：
遞延稅項資產及負債根據暫時差異之相關類別及
回收和支付之預計日期分析如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 243
35. DEFERRED INCOME TAX (Continued)
2016 2015
遞延稅項資產： Deferred income tax assets:
－可在12個月後收回之遞延稅項資產 – Deferred income tax assets to
be recovered after more
than 12 months 155,356 154,305
遞延稅項負債： Deferred income tax liabilities:
－應在12個月後償還之遞延稅項負債 – Deferred income tax liabilities to
be settled after more
than 12 months (178,811) (117,388)
(23,455) 36,917
The gross movement on the deferred income tax account is as
follows:
2016 2015
1月1日 At 1 January 36,917 15,514
於收益賬內稅項（支出）╱回撥 Tax (charged)/credited to the
（附註15） income statement (Note 15) (7,209) 19,190
於權益賬內稅項（支出）╱回撥 Tax (charged)/credited to equity
（附註39） (Note 39) (47,455) 6,063
匯兌差異 Exchange difference (5,708) (3,850)
12月31日 At 31 December (23,455) 36,917
The movement in deferred income tax assets and liabilities during
the year, without taking into consideration the offsetting of balances
within the same tax jurisdiction, is as follows:
35. 遞延稅項（續）
遞延稅項賬目總變動如下：
遞延稅項資產及負債於本年度之變動，不包括於
相同稅法管轄權下對銷之結餘如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報244
35. DEFERRED INCOME TAX (Continued)
Deferred income tax assets:
減值 遞延支出
準備及撥備 及其他
Impairment Deferred
allowances 稅務虧損 expenses 合計
and provisions Tax losses and others Total
2015年1月1日 At 1 January 2015 95,671 1,077 40,618 137,366
於收益賬內回撥╱（支出） Credited/(charged) to the income statement 14,572 (780) 6,997 20,789
匯兌差異 Exchange difference (3,677) – (173) (3,850)
2015年12月31日及 At 31 December 2015 and
2016年1月1日 1 January 2016 106,566 297 47,442 154,305
於收益賬內（支出）╱回撥 (Charged)/credited to the income statement (991) (297) 8,047 6,759
匯兌差異 Exchange difference (4,050) – (1,658) (5,708)
2016年12月31日 At 31 December 2016 101,525 – 53,831 155,356
Deferred income tax liabilities:
加速稅務折舊 投資物業重估
Accelerated Investment 投資重估
撥備 tax properties Investment 合計
Provisions depreciation revaluation revaluation Total
2015年1月1日 At 1 January 2015 8,977 72,977 8,585 31,313 121,852
於收益賬內支出╱（回撥） Charged/(credited) to the
income statement 759 1,297 (1,310) 853 1,599
於權益賬內回撥 Credited to equity – – – (6,063) (6,063)
2015年12月 31日及 At 31 December 2015 and
2016年 1月1日 1 January 2016 9,736 74,274 7,275 26,103 117,388
於收益賬內支出╱（回撥） Charged/(credited) to the
income statement 293 14,360 (685) – 13,968
於權益賬內支出 Charged to equity – – – 47,455 47,455
2016年12月31日 At 31 December 2016 10,029 88,634 6,590 73,558 178,811
35. 遞延稅項（續）
遞延稅項資產：
遞延稅項負債：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 245
35. DEFERRED INCOME TAX (Continued)
The deferred income tax (charged)/credited to equity during the year
is as follows:
2016 2015
於股東權益之公平值儲備： Fair value reserves in shareholders’ equity:
－可供出售證券（附註39） – available-for-sale securities (Note 39) (47,455) 6,063
36. BALANCES WITH GROUP COMPANIES
Included in the consolidated statement of financial position captions
are balances with group companies arising from transactions
conducted on normal commercial terms:
2016 2015
與控股公司之結餘 Balances from the holding company
各項貸款及其他賬目 Advances and other accounts 559 933
客戶存款 Deposits from customers 1,067,524 20,887
其他賬目及預提 Other accounts and accruals 596 –
與同系附屬公司之結餘 Balances from fellow subsidiaries
各項貸款及其他賬目 Advances and other accounts 38,171 33,594
客戶存款 Deposits from customers 1,542,313 1,562,898
其他賬目及預提 Other accounts and accruals 3,221 6,989
後償債務 Subordinated notes 39,654 40,554
37. CONTINGENT LIABILITIES AND COMMITMENTS
(a) Capital commitments
Capital expenditure in respect of projects and acquisition of fixed
assets as at 31 December but not yet incurred is as follows:
2016 2015
已簽約但未提撥準備之開支 Expenditure contracted but not
provided for 62,717 165,688
35. 遞延稅項（續）
下述乃年內於權益賬內回撥╱（支出）之遞延稅
項：
36. 與集團公司之結餘
綜合財務狀況表內賬目包括與集團公司按一般商
業條款進行交易所產生之結餘詳列如下：
37. 或然負債及承擔
（甲） 資本承擔
於12月31日末在賬目內仍未提撥準備之有關項目
及購入固定資產之資本開支如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報246
37. CONTINGENT LIABILITIES AND COMMITMENTS
(Continued)
(b) Credit commitments
The contract and credit risk weighted amounts of the Group’s off-
balance sheet financial instruments that commit it to extend credit to
customers are as follows:
合約金額
Contract amount
2016 2015
直接信貸代替品 Direct credit substitutes 507,886 320,644
與交易相關之或然項目 Transaction-related contingencies 468,367 455,868
與貿易相關之或然項目 Trade-related contingencies 593,956 438,649
可無條件取消而不須預先通知之承擔 Commitments that are
unconditionally cancellable
without prior notice 66,088,547 64,573,823
其他承擔， Other commitments with an
原本期限為： original maturity of:
－少於1年 – under 1 year 2,870,509 4,175,180
－1年及以上 – 1 year and over 548,658 494,999
遠期存款 Forward forward deposits placed 21,029 –
71,098,952 70,459,163
信貸風險加權數額
Credit risk
weighted amount
2016 2015
或然負債及承擔 Contingent liabilities and commitments 1,289,997 1,521,336
37. 或然負債及承擔（續）
（乙） 信貸承擔
本集團資產負債表外承擔授信予客户之金融工具
合約金額及其信貸風險加權數額如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 247
37. CONTINGENT LIABILITIES AND COMMITMENTS
(Continued)
(c) Assets pledged
Exchange Fund debts pledged with the HKMA to facilitate the Group’s
trading and market-making activities in Exchange Fund debts are as
follows:
2016 2015
抵押給香港金管局的資產： Assets pledged with HKMA:
持作買賣用途的證券 Trading securities 6,036,748 5,771,254
可供出售證券 Available-for-sale securities 1,148,005 490,324
7,184,753 6,261,578
相關負債： Associated liabilities:
持作買賣用途的負債 Trading liabilities 7,748,887 6,270,630
The carrying amounts of the non-government bonds pledged with
unrelated financial institutions under repurchase agreements and the
associated liabilities are as follows:
2016 2015
回購協議下之抵押資產： Assets pledged under
repurchase agreements:
可供出售證券 Available-for-sale securities 691,634 169,803
持至到期證券 Held-to-maturity securities – 3,943
691,634 173,746
相關負債： Associated liabilities:
銀行存款 Deposits from banks 466,306 43,914
其他賬目及預提 Other accounts and accruals 186,987 123,271
653,293 167,185
The fair value of the transferred securities and associated liabilities
approximate the carrying amount of the transferred securities.
The Group cannot use, sell or pledge the above securities for the
duration of the repurchase agreements and is exposed to the credit
risk of the issuers of the transferred securities.
37. 或然負債及承擔（續）
（丙） 已作抵押之資產
下述乃用於本集團在外匯基金債務證券的買賣及
市場莊家活動而抵押給香港金管局之外匯基金債
務證券：
下述乃已按回購協議抵押予非關連金融機構之非
政府債券及其相關負債之賬面值：
轉移之證券及其相關負債的公平值跟轉移之證券
的賬面值相若。
於回購協議期內，本集團不能使用、出售或抵押
以上證券，亦面對轉移之證券的發行人的信貸風
險。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報248
37. CONTINGENT LIABILITIES AND COMMITMENTS
(Continued)
(d) Operating lease commitments
Where a Group company is the lessee, the future minimum lease
payments under non-cancellable building operating leases are as
follows:
2016 2015
1年以內 Not later than 1 year 185,896 183,332
1年以後至5年 Later than 1 year and
not later than 5 years 489,608 468,581
5年以上 Later than 5 years 320,495 349,332
995,999 1,001,245
Where a Group company is the lessor, the future minimum lease
payments under non-cancellable building operating leases are as
follows:
2016 2015
1年以內 Not later than 1 year 34,100 31,213
1年以後至5年 Later than 1 year and not
later than 5 years 33,930 21,154
68,030 52,367
37. 或然負債及承擔（續）
（丁） 經營租賃承擔
如本集團之公司為承租人，按不可取消物業經營
租賃而於未來須支付之最低租賃付款總額如下：
如本集團之公司為出租人，按不可取消物業經營
租賃而於未來須支付之最低租賃付款總額如下：
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 249
38. SHARE CAPITAL
2016 2015
股數 股本 股數 股本
普通股， Ordinary shares, Number Share Number Share
已發行及繳足股本： issued and fully paid: of shares capital of shares capital
1月1 日 At 1 January 1,401,971,828 6,853,504 1,401,701,805 6,850,354
就行使認股權發行股份 Issue of shares upon exercise
（轉自以股份作為基礎 of share options (with transfer
報酬之儲備） from share-based
compensation reserve) 1,495,507 16,089 270,023 3,150
12 月 31 日 At 31 December 1,403,467,335 6,869,593 1,401,971,828 6,853,504
Pursuant to the Company’s Share Option Scheme (the “Scheme”)
adopted on 12 June 2004, 97 (2015: 97) options to subscribe for
14,356,991 shares (2015: 14,356,991 shares) of the Company had
been granted to certain directors and senior executives of the Group
since the inception of the Scheme. Up to 31 December 2016 and since
the incorporation of the Scheme, 51 (2015: 51) options to subscribe
for 2,039,841 shares (2015: 2,039,841 shares) of the Company have
lapsed or expired.
38. 股本
遵照本公司於2004年6月12日採納的認股權計劃
（「該認股權計劃」），自該認股權計劃實行以來，
97份（2015年：97份）認股權以認購14,356,991
股（2015年：14,356,991股）本公司股份，已授
予本集團的部份董事及高級行政人員。自該計
劃 成 立 後 至2016年12月31日 止，51份（2015
年：51份）認股權以認購2,039,841股（2015年：
2,039,841股）本公司股份已失效或到期。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報250
38. SHARE CAPITAL (Continued)
Movements in the number of the Company’s shares in the share
options under the Scheme held by directors and senior executives
during the year are as follows:
認股權中股份數目
Number of shares
in the options
2016 2015
1月1日 At 1 January 11,880,959 12,150,982
於年內行使或失效 Exercised or lapsed during the year (1,495,507) (270,023)
12月31日 At 31 December 10,385,452 11,880,959
Particulars of the outstanding options as at 31 December are as
follows:
認股權中股份數目
認股權數目 Number of shares
Number of options in the options
授予日及行使價 Date of grant and exercise price 2016 2015 2016 2015
2011年12月12日， 12 December 2011, at an exercise
按行使價每股港元 * price of HK$ per share* 15 15 8,100,655 8,100,655
2012年12月21日， 21 December 2012, at an exercise
按行使價每股港元 * price of HK$ per share* 13 22 2,097,859 3,531,053
2014年3月26日， 26 March 2014, at an exercise
按行使價每股港元 * price of HK$ per share* 3 4 186,938 249,251
31 41 10,385,452 11,880,959
* Pursuant to the terms of the Scheme, adjustments were made to the
exercise price and the number of shares that can be subscribed for
under the outstanding share options as a result of the Rights Issue of the
Company completed in May 2014.
38. 股本（續）
本年內由董事及高級行政人員根據認股權計劃持
有之認股權中本公司股份數目變動如下：
於12月31日仍未獲行使之認股權詳列如下：
* 根據該認股權計劃之條款，仍未獲行使之認股權
中可認購股份數目及行使價已就本公司於2014年
5月完成之供股作出調整。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 251
39. RESERVES
以股份為 保留盈利
行產重估儲備 投資重估儲備 基礎報酬之儲備 （註）
綜合儲備 Premises Investment 匯兌儲備 一般儲備 Reserve for Retained
Consolidation Revaluation Revaluation Exchange General Share-based Earnings 合計
Reserve Reserve Reserve Reserve Reserve Compensation (Note) Total
2016年1月1日 At 1 January 2016 (220,986) 240,193 216,550 73,323 700,254 8,882 13,595,880 14,614,096
根據認股權發行之普通股 Issue of ordinary shares pursuant to
股份 exercise of share options – – – – – (3,953) – (3,953)
確認於權益之可供出售證券 Fair value gains on available-for-sale
公平值收益 securities recognised in equity – – 317,719 – – – – 317,719
公平值收益於出售可供出售 Fair value gain realised and transferred to
證券時變現及轉移至收益賬 income statement upon disposal of
available-for-sale securities – – (54,502) – – – – (54,502)
投資重估儲備變動之遞延稅項 Deferred income tax on movements in
（附註35） investment revaluation reserve (Note 35) – – (47,455) – – – – (47,455)
源自重新分類行產為投資 Reserve arising from reclassification of
物業之儲備 premises to investment properties – 29,927 – – – – – 29,927
換算海外機構財務報表 Exchange differences arising on translation of
的匯兌差異 the financial statements of foreign entities – – – (361,896) – – – (361,896)
以股權支付以股份作為基礎 Provision for equity-settled
報酬之撥備 share-based compensation – – – – – 1,101 – 1,101
年度溢利 Profit for the year – – – – – – 2,145,491 2,145,491
2015年末期股息 2015 final dividend – – – – – – (378,577) (378,577)
2016年中期股息 2016 interim dividend – – – – – – (140,326) (140,326)
2016年12月31日 At 31 December 2016 (220,986) 270,120 432,312 (288,573) 700,254 6,030 15,222,468 16,121,625
截至12月31日止年度
Year ended 31 December
2016 2015
包括於保留盈利內 Proposed final dividend/
之擬派末期股息╱已派末期股息（附註16） final dividend paid included
in retained earnings (Note 16) 392,971 378,577
39. 儲備
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報252
39. RESERVES (Continued)
以股份為 保留盈利
行產重估儲備 投資重估儲備 基礎報酬之儲備 （註）
綜合儲備 Premises Investment 匯兌儲備 一般儲備 Reserve for Retained
Consolidation Revaluation Revaluation Exchange General Share-based Earnings 合計
Reserve Reserve Reserve Reserve Reserve Compensation (Note) Total
2015年1月1日 At 1 January 2015 (220,986) 238,800 167,962 283,090 700,254 7,690 11,913,989 13,090,799
根據認股權發行之普通股 Issue of ordinary shares pursuant
股份 to exercise of share options – – – – – (769) – (769)
確認於權益之可供出售證券 Fair value gains on available-for-sale
公平值收益 securities recognised in equity – – 59,093 – – – – 59,093
公平值收益於出售可供出售 Fair value gain realised and transferred to
證券時變現及轉移至收益賬 income statement upon disposal of
available-for-sale securities – – (16,568) – – – – (16,568)
投資重估儲備變動之遞延稅項 Deferred income tax on movements
（附註35） in investment revaluation reserve (Note 35) – – 6,063 – – – – 6,063
源自重新分類行產為投資 Reserve arising from reclassification
物業之儲備 of premises to investment properties – 1,393 – – – – – 1,393
換算海外機構財務報表 Exchange differences arising on
的匯兌差異 translation of the financial statements
of foreign entities – – – (209,767) – – – (209,767)
以股權支付以股份作為基礎 Provision for equity-settled
報酬之撥備 share-based compensation – – – – – 1,961 – 1,961
年度溢利 Profit for the year – – – – – – 2,200,604 2,200,604
2014年末期股息 2014 final dividend – – – – – – (364,496) (364,496)
2015年中期股息 2015 interim dividend – – – – – – (154,217) (154,217)
2015年12月31日 At 31 December 2015 (220,986) 240,193 216,550 73,323 700,254 8,882 13,595,880 14,614,096
39. 儲備（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 253
39. RESERVES (Continued)
Note:
DSB as a locally incorporated bank in Hong Kong is required to maintain
minimum impairment provisions in excess of those required under HKFRS
in the form of regulatory reserve. The regulatory reserve, which also covers
BCM and DSB China, is maintained to satisfy the provisions of the Hong Kong
Banking Ordinance and local regulatory requirements for prudential supervision
purposes. The regulatory reserve restricts the amount of reserves which can
be distributed to shareholders. Movements in the regulatory reserve are made
directly through equity reserve and in consultation with the HKMA.
As at 31 December 2016, DSB has earmarked a regulatory reserve of
HK$1,398,280,000 (2015: HK$1,528,440,000) first against its consolidated
general reserve; and for any excess amount, the balance is earmarked against
its consolidated retained earnings.
39. 儲備（續）
註：
大新銀行為香港註冊銀行須以監管儲備形式維持除香港
財務報告準則所需以外之最低減值撥備。維持該監管儲
備（儲備計及澳門商業銀行及大新銀行（中國））乃為符合
香港銀行業條例及以審慎監管為目的之本地監管規定。
該監管儲備規限可派發予股東之儲備金額。監管儲備之
變動須與香港金管局進行諮詢，並直接於權益儲備內調
撥。
於2016年12月31日，大新銀行已指定1,398,280,000
港元（2015年：1,528,440,000港元）之金額作為監管儲
備先抵銷其綜合一般儲備，餘額再從其綜合保留盈利中
指定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報254
40. NOTES TO THE CONSOLIDATED STATEMENT OF
CASH FLOWS
(a) Reconciliation of operating profit before gains and
losses on certain investments and fixed assets to net
cash from operating activities
2016 2015
扣除若干投資及固定資產之收益及虧損前 Operating profit before gains and losses
之營運溢利 on certain investments and fixed assets 1,757,457 1,850,932
淨利息收入 Net interest income (3,637,519) (3,336,688)
股息收益 Dividend income (19,808) (17,221)
貸款減值虧損及其他信貸撥備 Loan impairment losses and
other credit provisions 563,567 496,352
折舊 Depreciation 158,530 154,893
無形資產之攤銷 Amortisation expenses of intangible assets 1,165 2,039
減除回收後之貸款撇銷淨額 Advances written off net of recoveries (389,478) (323,741)
以股權支付以股份作為基礎報酬之撥備 Provision for equity-settled share-based
compensation 1,101 1,961
已收利息 Interest received 5,152,265 5,124,993
已付利息 Interest paid (1,105,919) (1,406,651)
已收股息 Dividend received 176,849 191,812
營運資產及負債變動前之營運溢利 Operating profit before changes in
operating assets and liabilities 2,658,210 2,738,681
營運資產及負債之變動 Changes in operating assets and liabilities:
－現金及在銀行的結餘及原到期日超過 – cash and balances with banks and
3個月之通知及短期存款 money at call and short notice with an
original maturity beyond three months 884,914 (1,012,606)
－原到期日超過3個月之在銀行的存款 – placements with banks with an original
maturity beyond three months (718,339) (946,177)
－持作買賣用途的證券 – trading securities 1,620,270 (3,534,331)
－衍生金融工具 – derivative financial instruments (213,008) (10,892)
－指定以公平值計量且其變動計入損益的 – financial assets designated at fair
金融資產 value through profit or loss (61,260) (88,163)
－貿易票據 – trade bills 2,169,925 914,158
－客戶貸款 – advances to customers (4,029,397) (4,395,278)
－其他賬目 – other accounts 113,871 727,088
－可供出售證券 – available-for-sale securities (6,309,518) (823,627)
－持至到期證券 – held-to-maturity securities 149,992 242,272
－銀行存款 – deposits from banks 767,292 (21,556)
－持作買賣用途的負債 – trading liabilities 1,478,258 673,015
－客戶存款 – deposits from customers 3,015,070 8,267,664
－發行存款證 – certificates of deposit issued 1,949,048 110,714
－其他賬目及預提 – other accounts and accruals (1,441,098) 635
匯兌調整 Exchange adjustments 62,612 62,345
由經營活動流入的現金 Cash generated from operating activities 2,096,842 2,903,942
支付已發行的存款證之利息 Interest paid on certificates of deposit issued (64,022) (83,828)
已繳香港利得稅 Hong Kong profits tax paid (309,433) (314,496)
已繳海外稅款 Overseas tax paid (26,395) (21,177)
經營活動流入現金淨額 Net cash from operating activities 1,696,992 2,484,441
40. 綜合現金流量結算表附註
（甲） 扣除若干投資及固定資產之收益及虧
損前之營運溢利與經營活動現金流入
淨額對賬表
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 255
40. NOTES TO THE CONSOLIDATED STATEMENT OF
CASH FLOWS (Continued)
(b) For the purposes of the cash flow statement, cash
and cash equivalents comprise the following balances
with maturity of three months or less from the date of
acquisition, deposits that are readily convertible to known
amount of cash and which are subject to an insignificant
risk of changes in value.
2016 2015
現金及在銀行的結餘 Cash and balances with banks 1,553,513 1,838,925
原到期日在3個月或以下之通知及短期存款 Money at call and short notice
with an original maturity within
three months 11,692,449 12,969,242
原到期日在3個月或以下之在銀行的存款 Placements with banks with an
original maturity within
three months 2,328,319 2,113,664
包括於持作買賣用途的證券內之國庫票據 Treasury bills included
in trading securities 2,148,217 228,497
包括於可供出售證券內之國庫票據 Treasury bills included
in available-for-sale securities 1,899,588 –
19,622,086 17,150,328
Included in cash and balances with banks, HK$359,580,000 (2015:
HK$344,517,000) were balances with central banks for prudential
purposes and have been excluded from cash and cash equivalents.
40. 綜合現金流量結算表附註（續）
（乙） 在現金流量結算表內，現金及等同現
金項目包括按購置日計算3個月或以下
到期之下列結餘，及其價值變化無重
大風險且可隨時轉換至確定現金數額
之存款。
按監管要求存於中央銀行的結餘359,580,000港
元（2015年；344,517,000港元）已從「現金及等同
現金項目」賬項下剔除及包含在「現金及在銀行的
結餘」賬項下。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報256
41. LOANS TO DIRECTORS
Particulars of loans to directors disclosed pursuant to section 17
of the Hong Kong Companies Ordinance () (Disclosure
of Information about Benefits of Directors) for the year ended 31
December 2016 and 2015 are shown as below.
2016 2015
於12月31日之有關交易未償還總額 Aggregate amount of relevant
transactions outstanding
at 31 December
－貸款及墊款 – Loans and advances 108 46
年內有關交易之最高總結欠 Maximum aggregate amount of
relevant transactions during
the year
－貸款及墊款 – Loans and advances 331 242
The above relevant transactions in 2016 and 2015 were all transacted
by a subsidiary and nil by the Company.
41. 貸款予董事
根據香港公司條例（第622G章）第17節（披露董事
利益資料），有關貸款予董事截至2016年及2015
年12月31日止年度之披露詳情，如下呈列。
於2016年及2015年上述之所有有關交易由一間
附屬公司簽訂，並無由本公司簽訂。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 257
42. RELATED-PARTY TRANSACTIONS
Related parties are those parties, which have the ability, directly or
indirectly, to control the other party or exercise significant influence
over the other party in making financial and operating decisions.
Parties are also considered to be related if they are subject to
common control or common significant influence.
During 2016 and 2015, the Group entered into various continuing
connected transactions with related parties including the holding
company, fellow subsidiaries of the Group, companies directly or
indirectly controlled or significantly influenced by the shareholders
or directors of the holding company. These, as described in Note
(a) below and being continuing connected transactions, had been
reviewed by the Company’s independent non-executive directors in
their review of the financial statements of the Group. Based on their
review and enquiry with management, the Company’s independent
non-executive directors were satisfied that all of the continuing
connected transactions were conducted in the ordinary and usual
course of business of the Group, on normal commercial terms, and
in accordance with relevant agreements on terms that are fair and
reasonable and in the interests of the shareholders of the Company as
a whole.
Details of the significant related party transactions are as follows:
(a) Transactions with the holding company and fellow
subsidiaries
The Company and its wholly-owned subsidiaries within the Group
received and incurred the following income and expense from the
continuing connected transactions (within the definition of Rule
of the Rules Governing the Listing of Securities on the SEHK
(the “Listing Rules”)) entered into with the holding company and
fellow subsidiaries during the year. The aggregate values of these
transactions are within or consistent with the respective annual caps
applicable to the Group pursuant to Rules and of the
Listing Rules.
42. 有關連人士之交易
有關連人士為該等人士有能力直接或間接控制另
一方，或對另一方在作出財務及營運決策方面行
使重大影響力。倘若其他不同人士受到共同控制
或共同重大影響時，彼等人士亦被視為有關連人
士。
於2016年及2015年，本集團與有關連人士包括
本集團之控股公司、同系附屬公司、控股公司之
股東或董事直接或間接控制或具有重大影響力之
公司進行多項持續關連交易。本公司獨立非執行
董事在檢閱本集團之財務報表時，已對該等如
下列註（甲）敍述及屬於持續有關連之交易進行
審閱。該等董事根據其檢閱及根據向管理層之詢
問，認為全部持續有關連之交易乃根據本集團之
正常業務、有關協議、一般商業條款及慣例，按
公平且合理及符合本公司股東整體利益進行。
與有關連人士之重大交易如下︰
（甲） 與控股公司及同系附屬公司的交易
本公司及本集團全資附屬公司於年內與控股公司
及同系附屬公司簽訂之持續關連交易（定義見香
港交易所證券上市規則（「上市規則」第段）
收到及產生下列之收入及支出。該等交易之總值
未超逾或符合根據上市規則第段及
段，適用於本集團之年度上限。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報258
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Income or expense arising from transactions involving subsidiaries,
namely DSB, BCM and another subsidiary of the Group, Vanishing
Border Investment Services Limited (“VB”) are as follows:
2016 2015
已付利息（註 (i)） Interest paid (Note (i)) (14,189) (12,708)
已收銀行手續費（註 (i)） Bank charges received (Note (i)) 10,166 8,766
已收租金及相關大廈管理費及開支 Rentals and related building
（註 (ii)） management fee and charges
received (Note (ii)) 18,522 19,339
已付租金及相關大廈管理費及開支 Rentals and related building
（註 (iii)） management fee and
charges paid (Note (iii)) (9,639) (9,666)
已收管理費（註 (iv)） Management fees received (Note (iv)) 18,855 17,682
已收保險佣金及轉介費（註 (v)） Insurance commission and referral
fees received (Note (v)) 165,216 133,376
已付保險保費（註 (vi)） Insurance premiums paid (Note (vi)) (16,394) (19,258)
Note:
(i) Banking arrangements provided by the Group for companies within the
DSFH Group
DSB and other members of the Group provide standard banking services
to members of the holding company and fellow subsidiaries not being
subsidiaries of the Group (collectively the “DSFH Group”) including
cheque clearing, autopay, cheque and deposit bank accounts, credit
card merchant facilities, co-branded credit cards and investment
dealing.
The banking services in respect of cheque clearing, autopay, cheque
and deposit accounts are provided to the DSFH Group in the same way
as they are provided to other customers of the Group under standard
account opening and other forms. The credit card merchant facilities
and co-brand credit card arrangements are provided under normal
commercial contracts and are at market standard. The standard market
practice for credit card merchant facilities is not to provide for a fixed
term, but allow for termination at the option of the bank by giving written
notice. The co-brand credit card arrangements between the Group and
the DSFH Group can be terminated after the first two years by either
party giving not less than six months’ notice in writing. All such banking
services, by their nature, are not normally provided for a fixed term.
Accordingly, the banking arrangement between the Group and the DSFH
Group are not for a fixed term.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
源自涉及附屬公司包括大新銀行、澳門商業銀行
及另一集團附屬公司域寶投資有限公司（「域寶」）
交易之收入或支出呈列如下：
註：
(i) 本集團為大新金融集團旗下公司提供之銀行安排
大新銀行及本集團其他成員公司向控股公司及非
本集團附屬公司之同系附屬公司（統稱「大新金融
集團」）提供基本銀行服務，包括支票結算、自動
轉賬、支票及銀行存款賬戶、信用卡商戶設施、
聯營信用卡及投資買賣。
有關支票結算、自動轉賬、支票及存款賬戶之銀
行服務，乃按照標準開戶及其他表格以提供予本
集團其他客戶之相同方式提供予大新金融集團。
信用卡商戶設施及聯營信用卡安排乃根據正常商
業合約並且按市場標準提供。信用卡商戶設施之
標準市場慣例並無固定年期，惟銀行可以書面通
知予以終止。本集團與大新金融集團之聯營信用
卡安排，於生效首兩年後，可由任何一方給予不
少於6個月書面通知予以終止。所有該等銀行服
務就其性質一般不會按照固定年期提供。因此，
本集團與大新金融集團間之銀行安排，乃按非固
定年期提供。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 259
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(i) Banking arrangements provided by the Group for companies within the
DSFH Group (Continued)
The banking services provided by the Company’s banking subsidiaries
to the companies within the DSFH Group are banking services and
arrangements normally provided by the Group to its other customers
and are conducted on normal commercial terms. The provision of such
banking services by the Group to the DSFH Group enables the Group
to earn reasonable income consistent with the nature and types of the
banking services.
The banking subsidiaries of the Group provide commercial banking
services and products to their customers in the ordinary and usual
course of their businesses. Such services and products include the
taking of deposits (including fixed and floating term deposits and
deposits at call). Customers who place deposits with the banking
subsidiaries of the Group include members of the DSFH Group.
For purposes of the Listing Rules, the placing of deposits provided
by members of the DSFH Group constitute continuing connected
transactions within the meaning of Chapter 14A of the Listing Rules.
The Directors confirm that the deposits placed by members of the DSFH
Group at the banking subsidiaries of the Group are at market rates and
on normal commercial terms that are comparable or no more favourable
than those offered to independent third parties and that no security over
the assets of the Group is granted in respect of such financial assistance.
On that basis, such continuing connected transactions are exempt from
complying with the reporting, disclosure and independent shareholders’
approval requirements pursuant to Rule of the Listing Rules.
(ii) Lease of properties between DSIS, DSIA, DSLA and MIC and DSB, VB
and BCM
DSB, BCM and VB have leased certain of their owned properties to
members of the DSFH Group, namely Dah Sing Insurance Services
Limited (“DSIS”), Dah Sing Insurance Agency Limited (“DSIA”), Dah Sing
Life Assurance Company Limited (“DSLA”), Macau Insurance Company
Limited (“MIC”) and DSB as their office premises. DSB, BCM and VB
received from DSIS, DSIA, DSLA and MIC the lease rentals, and air-
conditioning charges, building management charges and other utilities
charges based on the actual amount of costs incurred. The following
table summarises the leases that have been entered into.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(i) 本集團為大新金融集團旗下公司提供之銀行安排
（續）
由本公司之銀行附屬公司向大新金融集團旗下公
司提供之銀行服務，為本集團向其他客戶提供之
一般銀行服務及安排，且按照正常商業條款進
行。本集團向大新金融集團提供該等銀行服務，
令本集團可賺取與該等銀行服務性質及類型一致
之合理收入。
本集團之銀行附屬公司於一般及慣常業務過程中
向其客戶提供商業銀行服務及產品。該等服務
及產品包括吸納存款（包括定活期存款及通知存
款）。於本集團之銀行附屬公司存放存款之客戶
包括大新金融集團成員公司。就上市規則而言，
大新金融集團成員公司存放存款構成上市規則第
14A章所界定之持續關連交易。
董事確認大新金融集團成員公司存放於本集團之
銀行附屬公司之存款乃按市場水平計息，並符合
與提供予獨立第三方之條款相若或不優於該等條
款之正常商業條款，且並無就該等財務資助以本
集團資產作抵押。有鑒於此，該等持續關連交易
獲豁免遵守上市規則第條之申報、披露及
獨立股東批准之規定。
(ii) 大新保險服務、大新保險代理、大新人壽及澳門
保險和大新銀行、域寶及澳門商業銀行間之物業
租賃
大新銀行、澳門商業銀行及域寶已租賃若干自置
物業予大新金融集團之成員公司，即大新保險服
務有限公司（「大新保險服務」）、大新保險代理有
限公司（「大新保險代理」）、大新人壽保險有限公
司（「大新人壽」）、澳門保險股份有限公司（「澳門
保險」）及大新銀行作其辦公室用途。大新銀行、
澳門商業銀行及域寶按所產生之實際成本向大新
保險服務、大新保險代理、大新人壽及澳門保險
收取租金、空調費、大廈管理費及其他公共設施
費用。簽訂之租賃撮要概列於下表。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報260
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(ii) Lease of properties between DSIS, DSIA, DSLA and MIC and DSB, VB
and BCM (Continued)
交易日期
Transaction date
訂約方
Contracting parties
租賃條款
Term of lease
租賃之物業
Property subject to lease
每月租金
（不包括管理費及
公共設施費用
Monthly rent (exclusive
of management fees
and utility charges)
2013年12月30日
30 December 2013
大新銀行租予大新保險服務
DSB leased to DSIS
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
香港北角英皇道510號港運大廈18樓全層，可出租樓面面積
為15,540平方尺
The whole of the 18/F, Island Place Tower, 510 King’s
Road, North Point, Hong Kong with a lettable floor area
of 15,540 square feet
HK$621,600
2013年12月30日
30 December 2013
大新銀行租予大新保險服務
DSB leased to DSIS
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
港運大廈20樓部份面積，可出租樓面面積為6,402 平方尺
A portion of the 20/F., Island Place Tower with a lettable
floor area of 6,402 square feet
HK$268,884
2013年12月30日
30 December 2013
大新銀行租予大新保險代理
DSB leased to DSIA
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
港運大廈20樓部份面積，可出租樓面面積為2,623 平方尺
A portion of the 20/F., Island Place Tower with a lettable
floor area of 2,623 square feet
HK$102,297
2013年12月30日
30 December 2013
域寶租予大新人壽
VB leased to DSLA
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
中國深圳深圳發展中心1504室部分面積，總樓面面積為132
平方米
A portion of Room 1504 of Shenzhen Development Centre,
Shenzhen, People’s Republic of China, with a gross floor
area of 132 square metres
HK$11,756
2013年12月30日
30 December 2013
澳門商業銀行租予澳門保險
BCM leased to MIC
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
澳門澳門商業銀行大廈10樓及11樓全層，可出租樓面面積為
924平方米
The whole of the 10/F. and 11/F., BCM Building, Macau
with a total lettable floor area of 924 square metres
MOP147,000
2013年12月30日
30 December 2013
大新銀行租予大新保險服務
DSB leased to DSIS
2014年1月1日至
2016年12月31日
1 January 2014 to
31 December 2016
港運大廈19樓部份面積，可出租樓面面積為6,558 平方尺（自
2014年6月1日起，減少至5,297平方尺及自2015年10月
20日起，進一步減少至3,505平方尺）
A portion of the 19/F., Island Place Tower with a lettable
floor area of 6,558 square feet (reduced to 5,297 square
feet with effect from 1 June 2014 and further reduced to
3,505 square feet with effect from 20 October 2015)
HK$249,204
（自2014年6月1日起，
減少至HK$201,286及自
2015年10月20日起，進
一步減少至HK$133,190）
(reduced to HK$ 201,286
with effect from 1
June 2014 and further
reduced to HK$133,190
with effect from 20
October 2015)
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(ii) 大新保險服務、大新保險代理、大新人壽及澳門
保險和大新銀行、域寶及澳門商業銀行間之物業
租賃（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 261
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(iii) Leaseback of property by DSB from DSLA and lease of property by DSB
from HS
As disclosed in the Company’s announcement dated 30 December
2013, a lease back agreement was entered into by DSB with DSLA on
28 December 2013 pursuant to which DSB leased from DSLA a portion
of Flat A on Basement and Portion AA on Ground Floor of Thai Kong
Building, No. 482 Hennessy Road, Hong Kong with a lettable floor
area of 2,340 square feet at a monthly rent of HK$630,000 exclusive of
management fees, government rates, electricity service charges and
air-conditioning charges for a term of three years commencing on 28
December 2013 and ending on 27 December 2016. The Premises have
been used by DSB as bank branch premises.
As disclosed in the Company’s announcement dated 30 December
2013, a lease agreement was entered into by DSB with High Standard
Investment Limited (“HS”) on 30 December 2013 pursuant to which
DSB has leased from HS a portion of the 17th Floor of Island Place
Tower, Island Place, 510 King’s Road, North Point, Hong Kong as its
office premises with a lettable floor area of approximately 4,581 square
feet at a monthly rent of HK$174,078 exclusive of management fees,
government rates, electricity service charges and air-conditioning
charges for a term of three years commencing on 1 January 2014 and
ending on 31 December 2016.
(iv) Computer and Administrative Services Agreement with DSFH Group
On 30 December 2013, DSB (and its subsidiaries including BCM) entered
into a computer and administrative services agreement with DSFH. The
Services Agreement was for a fixed term of three years with effect from
1 January 2014 and ending on 31 December 2016.
Pursuant to the services agreements, DSB has agreed to provide
members of the DSFH Group with certain computer and administrative
services. These services principally consist of the following:
• computer services including data processing, printing and
enveloping, system development, technical support, disaster
recovery and contract management;
• administrative, company secretarial, internal audit, compliance,
operational, risk management, investment custodian and treasury
operations; and
• secondment of, and provision of services by, staff to the DSFH
Group (collectively, the “Services”).
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(iii) 大新銀行出售物業予大新人壽後租回及大新銀行
向High Standard 租用物業
如本公司於2013年12月30日之通告披露，大
新銀行與大新人壽簽訂回租協議。根據該協議，
大新人壽出租香港軒尼詩道482號泰港大廈地
下AA鋪及地庫A層部分面積（可出租樓面面積為
2,340平方尺）予大新銀行。租賃協議為期3年，
由2013年12月28日起至2016年12月27日止，
每月租金為630,000港元，不包括管理費、政府
差餉、電費及空調費。大新銀行將該物業用作銀
行分行物業。
如本公司於2013年12月30日之通告披露，大
新銀行與High Standard Investment Limited
（「High Standard」）簽訂租賃協議。根據協議，
大新銀行從High Standard 租用香港北角英皇道
510號港運大廈 17樓之一部分作為辦公場所，可
租用樓面面積約為4,581平方呎，為期三年，由
2014年1月1日起至2016年12月31日止，月租
174,078港元，不包括管理費、政府差餉、電費
及空調費。
(iv) 與大新金融集團之電腦及行政服務協議
於2013年12月30日，大新銀行（及其附屬公司，
包括澳門商業銀行）與大新金融訂立電腦及行政
服務協議。服務協議之固定年期為三年，自2014
年1月1日起生效，至2016年12月31日終止。
根據現有服務協議及新訂服務協議，大新銀行已
同意向大新金融集團成員公司提供若干電腦及行
政服務。該等服務主要包括下列各項：
• 電腦服務，包括數據處理、列印及信封印
發、系統開發、技術支援、災後復原及合
約管理；
• 行政、公司秘書、內部審核、法規、營
運、風險管理、投資託管及財資營運；及
• 跟大新金融集團互相借調員工及提供服務
（統稱「該等服務」）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報262
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(iv) Computer and Administrative Services Agreement with DSFH Group
(Continued)
With the stronger pool of resources and functional expertise of DSB
which historically has been operating to provide administrative and
computer services to other companies within the DSFH Group on a cost-
recovery basis, the provision of the Services to the DSFH Group at a
fee enables the Group to continue to expand its scale and operational
capabilities while costs incurred by the Group in providing the Services
are recovered from the DSFH Group.
(v) Distribution and Agency Agreements and other business referral
services
(a) Distribution and Agency Agreements with DSIS, DSIA, MIC and
MLIC
On 30 December 2013, DSIS and DSIA entered into distribution
agreements and underlying agency agreements with DSB for the
marketing and distribution of life and general insurance products
through DSB’s branch networks for a fixed term of three years
with effect from 1 January 2014. On the same day, MIC and
Macau Life Insurance Company Limited (“MLIC”) entered into
distribution agreements and underlying agency agreements
with BCM for the marketing and distribution of life and general
insurance products through BCM’s branch network for a fixed
term of three years with effect from 1 January 2014.
Pursuant to the distribution agreements entered into by DSIS
with DSB (the “DSIS Distribution Agreements”), DSB markets and
distributes such life assurance products as agreed between the
parties from time to time for the DSFH Group through its branch
and other distribution networks and its subsidiaries.
Pursuant to the DSIS Distr ibution Agreements, DSB has
entered into an agency agreement with DSIS (the “DSIS Agency
Agreements”) in respect of the sale of life assurance policies
in return for commission payments as agreed between the
parties from time to time. Under the terms of the DSIS Agency
Agreements, the commission payable by DSIS to DSB in respect
of such life assurance products shall vary, depending on the
product type, between 1% and 50% of the first year’s premium
received, plus up to 24% of the renewal premiums in respect of
certain policies.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(iv) 與大新金融集團之電腦及行政服務協議（續）
憑藉大新銀行過往以收回成本基準，利用本身之
較龐大資源及功能性專業知識向大新金融集團旗
下其他公司提供行政及電腦服務，按收費基準向
大新金融集團提供該等服務，可從大新金融集團
收回本集團於提供該等服務時所產生之成本外，
也令本集團可繼續擴充其規模及營運效能。
(v) 分銷及代理協議及其他業務轉介服務
（甲） 與大新保險服務、大新保險代理、澳門保
險及澳門人壽訂立之分銷及代理協議
於2013年12月30日，大新保險服務及大
新保險代理分別與大新銀行訂立分銷協議
與相關代理協議，透過大新銀行之分行網
絡推廣及分銷人壽及一般保險產品，固定
年期為三年，自2014年1月1日起生效。
於同日，澳門保險及澳門人壽保險股份有
限公司（「澳門人壽」）與澳門商業銀行訂立
分銷協議與相關代理協議，透過澳門商業
銀行之分行網絡推廣及分銷人壽及一般保
險產品，固定年期為三年，自2014年1月
1日起生效。
根據大新保險服務與大新銀行訂立之分銷
協議（「大新保險服務分銷協議」），大新銀
行將會透過其分行及其他分銷網絡及其附
屬公司，就訂約雙方不時之協定為大新金
融集團推廣及分銷人壽保險產品。
根據大新保險服務分銷協議，大新銀行與
大新保險服務已就銷售人壽保險訂立代理
協議（「大新保險服務代理協議」），換取訂
約雙方不時協定之佣金款項。根據大新保
險服務代理協議之條款，大新保險服務就
該等人壽保險產品向大新銀行應付之佣金
為首年收取保費介乎1%至50%之間及須
視乎產品類別而定，另加若干類別保險收
取不超過續保保費之24%。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 263
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(v) Distribution and Agency Agreements and other business referral services
(Continued)
(a) Distribution and Agency Agreements with DSIS, DSIA, MIC and
MLIC (Continued)
Pursuant to the distribution agreements entered into by DSIA
with DSB (the “DSIA Distribution Agreements”), DSB markets and
distributes such general insurance and life assurance products as
agreed between the parties from time to time for the DSFH Group
through its branch and other distribution networks.
Pursuant to the DSIA Distr ibution Agreements, DSB has
entered into an agency agreement with DSIA (the “DSIA Agency
Agreements”) in respect of the sale of certain general insurance
and life assurance products in return for commission payments,
as agreed between the parties from time to time. Under the terms
of the DSIA Agency Agreements, the commission payable by
DSIA to DSB in respect of:
(1) general insurance products shall vary, depending on
the product type, between 1% and 30% of each year’s
premium received in respect of a new or renewal policy;
and
(2) life assurance products shall vary, depending on the
product type, between 1% and 50% of the first year’s
premium received, plus up to 24% of the renewal premiums
in respect of certain policies.
Pursuant to the distribution agreement entered into by MLIC with
BCM (the “MLIC Distribution Agreement”), BCM markets and
distributes such life assurance products as agreed between the
parties from time to time for MLIC through its branch and other
distribution network.
Pursuant to the MLIC Distribution Agreement, BCM has entered
into an agency agreement with MLIC (the “MLIC Agency
Agreement”) in respect of the sale of life assurance policies
in return for commission payments as agreed between the
parties from time to time. Under the terms of the MLIC Agency
Agreement, the commissions payable by MLIC to BCM in respect
of such life assurance products shall, initially, not be less than
10% of the first year’s premium received and which may vary
depending on the product type and change between the parties
from time to time, and in respect of certain types of policies, an
agreed percentage of renewal premiums.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(v) 分銷及代理協議及其他業務轉介服務（續）
（甲） 與大新保險服務、大新保險代理、澳門保
險及澳門人壽訂立之分銷及代理協議（續）
根據大新保險代理與大新銀行訂立之分銷
協議（「大新保險代理分銷協議」），大新銀
行將會透過其分行及其他分銷網絡，就訂
約雙方不時之協定為大新金融集團推廣及
分銷一般保險及人壽保險產品。
根據大新保險代理分銷協議，大新銀行與
大新保險代理已就銷售若干一般保險及人
壽保險產品訂立代理協議（「大新保險代理
代理協議」），換取訂約雙方不時協定之佣
金款項。根據大新保險代理代理協議之條
款，大新保險代理須就下列保險產品向大
新銀行支付佣金：
(1) 一般保險產品為新保單或續保保單
每年收取保費介乎1%至30%之間
及須視乎產品類別而定；及
(2) 人壽保險產品為首年收取保費介乎
1%至50%之間及須視乎產品類別
而定，另加若干類別保險收取不超
過續保保費之24%。
根據澳門人壽與澳門商業銀行訂立之分銷
協議（「澳門人壽分銷協議」），澳門商業銀
行將會透過其分行及其他分銷網絡，就訂
約雙方不時之協定為澳門人壽推廣及分銷
人壽保險產品。
根據澳門人壽分銷協議，澳門商業銀行與
澳門人壽已就銷售人壽保險單訂立代理協
議（「澳門人壽代理協議」），換取訂約雙方
不時協定之佣金款項。根據澳門人壽代理
協議之條款，澳門人壽就該等人壽保險產
品向澳門商業銀行應付之佣金最初訂定為
不低於首年收取保費之10%並可按產品類
別釐定及由雙方不時協定修訂，以及就若
干不同保單類別經協定之續保保費之百分
比。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報264
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(v) Distribution and Agency Agreements and other business referral services
(Continued)
(a) Distribution and Agency Agreements with DSIS, DSIA, MIC and
MLIC (Continued)
Pursuant to the distribution agreement entered into by MIC with
BCM (the “MIC Distribution Agreement”), BCM markets and
distributes such general insurance products of MIC as are agreed
between the parties from time to time through its branch and other
distribution network.
Pursuant to the MIC Distribution Agreement, BCM has entered
into an agency agreement with MIC (the “MIC Agency Agreement”)
in respect of the sale of general insurance products in return
for commission payments, as agreed between the parties from
time to time. Under the terms of the MIC Agency Agreement, the
commission payable by MIC to BCM in respect of general insurance
products shall vary, depending on the product type, between 10%
and 50% of each year’s premium received in respect of new or
renewal policies.
In respect of each of the DSIS, DSIA, MLIC and MIC Distribution
Agreements (collectively the “Distribution Agreements”), DSIS and
DSIA shall each reimburse or pay on behalf of DSB, and MLIC
and MIC shall each reimburse or pay on behalf of BCM, agreed
expenses including the registration fees for licences for the bank
staff to sell insurance, sales incentives, marketing expenses
and other costs and expenses related to the performance of the
Distribution Agreements.
Each of the Distribution Agreements is on a mutually non-exclusive
basis and is for a three-year fixed term with effect from 1 January
2014. Each of the DSIS, DSIA, MLIC and MIC Agency Agreements
(collectively the “Agency Agreements”) is on a mutually non-
exclusive basis for a three-year fixed term with effect from 1
January 2014, save that the provisions relating to the payment of
outstanding renewal premiums shall remain in force until payment
is received in full.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(v) 分銷及代理協議及其他業務轉介服務（續）
（甲） 與大新保險服務、大新保險代理、澳門保
險及澳門人壽訂立之分銷及代理協議（續）
根據澳門保險與澳門商業銀行訂立之分銷
協議（「澳門保險分銷協議」），澳門商業銀
行將透過其分行及其他分銷網絡，就訂約
雙方不時之協定為澳門保險推廣及分銷一
般保險產品。
根據澳門保險分銷協議，澳門商業銀行與
澳門保險已就銷售一般保險產品訂立代理
協議（「澳門保險代理協議」），換取訂約雙
方不時協定之佣金款項。根據澳門保險代
理協議之條款，澳門保險就一般保險產品
向澳門商業銀行支付之佣金為新保單或續
保保單之每年收取保費介乎10%至50%之
間及須視乎產品類別而定。
就大新保險服務、大新保險代理、澳門人
壽及澳門保險分銷協議（統稱「分銷協議」）
而言，大新保險服務及大新保險代理須各
自代大新銀行，而澳門人壽及澳門保險須
各自代澳門商業銀行償付或支付之協定開
支，包括就銀行職員銷售保險之牌照登記
費、銷售獎勵、市場推廣費用及有關履行
分銷協議之其他成本及開支。
各項分銷協議將按相互非排他性基準進
行，固定年期為三年，自2014年1月1日
起生效。大新保險服務、大新保險代理、
澳門人壽及澳門保險代理協議（統稱「代理
協議」）各自將按相互非排他性基準進行，
固定年期為三年，自2014年1月1日起生
效，惟有關尚未清繳續保保費之條文仍然
有效，直至悉數收取為止。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 265
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(v) Distribution and Agency Agreements and other business referral services
(Continued)
(a) Distribution and Agency Agreements with DSIS, DSIA, MIC and
MLIC (Continued)
The distribution and agency arrangements described above,
including the commission rates set out in the various sets of
Distribution Agreements and Agency Agreements, are consistent
with normal arrangements between banks and insurance
companies in the Hong Kong and Macau markets, and will provide
the Group with insurance products and services to be offered
to the customers of the banking subsidiaries of the Group. The
distribution of different types of insurance products through the
respective bank branches and other distribution networks of DSB
and BCM in return for a commission income to be paid by the
DSFH Group will also produce fee income which will be of benefit
to the Group.
(b) Business referral services
On 30 December 2013, the Company entered into a cooperation
agreement with DSFH pursuant to which and as part of their
respective usual and normal course of business currently
conducted, members of the Group may refer to members of
DSFH Group business opportunities for life and general insurance
policies to be underwritten by any member(s) of DSFH Group,
either directly or via their sole agents, if any, from time to time.
There is no commitment on any member of the Group to refer to
member(s) of DSFH Group such transactions of any minimum or
maximum number and/or amount. The cooperation agreement
is on a mutually non-exclusive basis and is for a three-year fixed
term with effect from 1 January 2014. Where concluded between
the relevant parties, the terms and conditions for the provision of
such business referral services shall be, if required, reduced into
individual written agreement(s).
Pursuant to the cooperation agreement, the fee income actually
received shall either on normal commercial terms or, if there are
not sufficient comparable transactions to judge whether they are
normal commercial terms, on terms no less favourable to relevant
member(s) of the Group than terms available from independent
third parties. The fee income is payable by cheque(s) monthly in
arrears.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(v) 分銷及代理協議及其他業務轉介服務（續）
（甲） 與大新保險服務、大新保險代理、澳門保
險及澳門人壽訂立之分銷及代理協議（續）
上述分銷及代理協議（包括多項分銷協議
及代理協議內所載列之佣金收費）合乎香
港及澳門市場銀行及保險公司間之一般正
常安排，亦可為本集團銀行附屬公司客戶
提供保險產品及服務。透過大新銀行及澳
門商業銀行之銀行分行及其他分銷網絡分
銷不同類別之保險產品以換取大新金融集
團支付之佣金收入將帶來費用收入，對本
集團有利。
（乙） 業務轉介服務
於2013年12月30日，本公司與大新金融
訂立合作協議，據此及作為彼等各自現時
進行之一般及正常業務的一部分，本集團
成員公司可直接或透過彼等唯一代理（如
有）不時向大新金融集團成員公司轉介大
新金融集團成員公司所承保人壽及一般保
險之業務機會。本集團任何成員公司並無
承擔義務向大新金融集團任何成員公司轉
介該等交易之任何最低或最高數目及╱或
金額。合作協議將基於互惠非排他性基準
且固定年期將為三年，自2014年1月1日
起生效。倘有關各方落實轉介交易，提供
該業務轉介服務之條款及條件將於必要時
化為個別書面協議。
根據合作協議，實際收取之費用收入須基
於一般商業條款，或倘若並無充分可予比
較交易以判斷是否屬一般商業條款，則基
於對本集團相關成員公司而言不遜於從獨
立第三方所獲得之條款。費用收入於每月
期末以支票支付。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報266
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(vi) Insurance services provided by DSI(1976), DSLA, MIC and MLIC
The insurance policies underwritten by Dah Sing Insurance Company
(1976) Limited (“DSI (1976)”) and MIC in the name, and for the benefit,
of DSB and other members of the Group and their respective customers
are subject to renewal annually. The group life assurance policies
underwritten by DSLA and MLIC in relation to the provision of insurance
cover for the death and/or critical illness of the employees of DSB and
other members of the Group are subject to renewal annually.
The master policies between DSLA and DSB in relation to the provision
of insurance cover for their respective customers are for a fixed term of
three years with effect from 1 January 2014.
DSI (1976) underwrites general insurance policies in the name, and for
the benefit, of DSB and other members of the Group and their respective
customers including policies covering domestic motor, property all risks,
public liability, money, electronic equipment, employees’ compensation
and group personal accident. Such policies are subject to renewal
annually.
DSLA underwrites insurance policies to cover the death and/or critical
illness of certain borrowing customers of DSB and employees of DSB
and other members of the Group. The provision of the insurance cover
for customers is set out in the terms and conditions of the relevant bank
borrowing arrangement. Such policies can be terminated within two
months in the event of non-payment of premiums.
MIC underwrites insurance policies in the name, and for the benefit, of
BCM and its customers including policies covering medical, personal
accident, employees’ compensation, motor fleet, properties, civil liability
and money. Such policies are subject to renewal annually.
MLIC underwrites life insurance policies to cover the death and/or critical
illness of BCM’s pension plan members and such policies are subject to
renewal annually.
The premiums payable under such insurance policies are payable
in arrears on a monthly basis and are calculated by reference to the
outstanding credit balances in respect of each of the products to which
they relate.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(vi) 大新保險 (1976)、大新人壽、澳門保險及澳門人
壽所提供之保險服務
大新保險 (1976)有限公司（「大新保險 (1976)」）及
澳門保險以大新銀行及本集團其他成員公司及彼
等各自之客戶名義作為受益人而承保之保單須每
年更新。大新人壽及澳門人壽就大新銀行及本集
團其他成員公司之僱員提供之死亡及╱或危疾保
險而承保之團體人壽保單須每年更新。
大新人壽與大新銀行就彼等各自之客戶提供保險
之主要保單於2014年1月1日起生效，固定年期
為三年。
大新保險 (1976)以大新銀行及本集團其他成員
公司及彼等各自之客戶名義作為受益人承保之一
般保單包括家用汽車、財產全保、公眾責任、金
錢、電子設備、僱員賠償及團體個人意外。該等
保單須每年更新。
大新人壽提供大新銀行若干借貸客戶及大新銀行
及本集團其他成員公司僱員之死亡及╱或危疾保
險之保單。為客戶提供保險之條文已載列於有關
銀行借貸協議之條款及條件內。該等保單於尚存
結欠保費情況下，可於兩個月內終止。
澳門保險以澳門商業銀行及其客戶名義作為受益
人承保之保單包括醫療、個人意外、僱員賠償、
汽車、財產、民事責任及金錢損失。該等保單須
每年更新。
澳門人壽提供澳門商業銀行退休金計劃下成員之
死亡及╱或危疾之人壽保單，而該等保單須每年
更新。
相關保單之保費以每月期末之形式支付，並參考
各項相關產品之未清繳貸方結餘計算。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 267
42. RELATED-PARTY TRANSACTIONS (Continued)
(a) Transactions with the holding company and fellow
subsidiaries (Continued)
Note: (Continued)
(vi) Insurance services provided by DSI(1976), DSLA, MIC and MLIC
(Continued)
The insurance policies are procured by the Group to enable certain of
the Company’s subsidiaries, namely DSB and BCM, to comply with
relevant regulatory requirements in reducing the risks to the Group’s
assets, businesses and operations and/or to provide additional services
to the Group’s customers. In addition, the Directors consider that the
insurance services by DSI (1976), DSLA, MIC and MLIC are effective
and the fees proposed by DSI (1976), DSLA, MIC and MLIC respectively
are comparable to those offered by other insurance companies in the
market.
On 30 December 2013, the Company entered into a cooperation
agreement with DSFH pursuant to which members of the DSFH Group
would provide insurance services to DSB and other members of the
Group. The cooperation agreement was for a fixed term of three years
with effect from 1 January 2014 and ending on 31 December 2016 (both
days inclusive).
(vii) Proposed Hong Kong Distribution Agreement and Macau Distribution
Agreement
On 2 June 2016, DSFH announced that it had entered into a share sale
agreement (the ‘Sale’) with an external party for the conditional sale of
those entities within the DSFH Group which are engaged in the sale
and underwriting of life insurance products. These DSFH life insurance
subsidiaries comprise DSLA, DSIS and MLIC. On the same date, DSB
proposed to enter into the Hong Kong Distribution Agreement with
DSLA and DSIS, and BCM proposed to enter into the Macau Distribution
Agreement with MLIC upon completion of the Sale for the distribution of
the life insurance products of DSLA and MLIC in Hong Kong and Macau
respectively.
The completion of the Sale is conditional on a number of conditions
which include obtaining approval from the relevant regulatory
authorities. As at the date of approval of these financial statements,
the required approval from the relevant regulatory authorities in Hong
Kong and Macau is not yet granted. On this basis, the Hong Kong
Distribution Agreement and the Macau Distribution Agreement are yet to
be concluded.
42. 有關連人士之交易（續）
（甲） 與控股公司及同系附屬公司的交易（續）
註：（續）
(vi) 大新保險 (1976)、大新人壽、澳門保險及澳門人
壽所提供之保險服務（續）
該等保單乃由本集團安排達成，使本公司若干
附屬公司（大新銀行及澳門商業銀行）遵守降低
本集團資產、業務及營運所承擔風險之有關監管
規定及╱或為本集團客戶提供額外服務。此外，
董事認為大新保險 (1976)、大新人壽、澳門保險
及澳門人壽之保險服務切實有效，而且大新保險
(1976)、大新人壽、澳門保險及澳門人壽分別建
議之收費亦足可與市場內其他保險公司之收費相
較。
於2013年12月30日，本公司與大新金融訂立一
項合作協議，據此，大新金融集團成員公司向大
新銀行及本集團之其他成員公司提供保險服務。
該合作協議於2014年1月1日起至2016年12月
31日止（包括首尾兩日）生效，固定年期為三年。
(vii) 擬訂立之香港分銷協議及澳門分銷協議
於2016 年6 月2 日，大新金融公佈就有條件出售
大新金融集團內從事銷售人壽保險產品及承保業
務之公司與第三方訂立售股協議（「出售」）。該等
大新金融之人壽保險附屬公司包括大新人壽、大
新保險服務及澳門人壽。於同日，大新銀行及澳
門商業銀行擬於出售完成後就於香港分銷大新人
壽及於澳門分銷澳門人壽之人壽保險產品分別與
大新人壽及大新保險服務訂立香港分銷協議，及
與澳門人壽訂立澳門分銷協議。
出售事宜須待若干先決條件包括獲得有關監管機
構之批准方可達成。截至本財務報表批准日，香
港及澳門有關監管機構仍未授出規定之批准。據
此，香港分銷協議及澳門分銷協議仍未達成。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報268
42. RELATED-PARTY TRANSACTIONS (Continued)
(b) Key management personnel
(i) Material transactions and balances with directors and key
management personnel
The Group provides credit facilities to, and takes deposits from
the Group’s key management personnel, their close family
members and entities controlled by them. For the year ended 31
December, the following balances were outstanding:
2016 2015
貸款及墊款 Loans and advances 24,926 25,121
存款 Deposits 395,308 202,029
未取用之貸款承諾 Undrawn commitments 4,318 3,695
擔保 Guarantee 1,095 1,095
(ii) Remuneration of key management personnel
Key management personnel of the Company are executive
directors and their remunerations are included under Note 13.
(c) Transactions and balances with associate and jointly
controlled entity
During the year, the Group received from BOCQ, an associate,
dividend income of HK$142,741,000 (2015: HK$158,071,000).
During the year, the Group received deposits from Bank Consortium
Trust Company Limited, a jointly controlled entity and the balance
of deposit as at 31 December 2016 was HK$7,830,000 (2015:
HK$56,293,000).
43. SHARE-BASED COMPENSATION PLANS
Share-based compensation, pursuant to the Company’s Share Option
Schemes (the “DSBG Schemes”) and the Share Option Schemes of
its holding company, Dah Sing Financial Holdings Limited (the “DSFH
Schemes”), is available to directors and senior executives of the
Group. Details of the share-based compensation paid to directors are
disclosed in Note 13.
42. 有關連人士之交易（續）
（乙） 主要管理人員
(i) 與董事及主要管理人員之重大交易及
結餘
本集團向本集團主要管理人員，其近親及
其或彼等近親所控制的企業提供信貸服務
及收取存款。截至12月31日止年度，未償
還之結餘如下：
(ii) 主要管理人員酬金
本公司主要管理人員為執行董事，其報酬
已包括在及呈列於附註13。
（丙） 與聯營公司及共同控制實體之交易及
結餘
年 內， 本 集 團 收 到 由 聯 營 公 司 重 慶 銀 行
142,741,000港元（2015年：158,071,000）股息收
入。年內，本集團取得一共同控制實體銀聯信託有
限公司之存款，而其於2016年12月31日存款結餘
為7,830,000港元（2015年；56,293,000港元）。
43. 以股份為基礎報酬計劃
本集團透過本公司之認股權計劃（「大新銀行集團
計劃」）及其控股公司大新金融集團有限公司之認
股權計劃（「大新金融計劃」）提供以股份為基礎的
報酬予其董事及高級行政人員。有關董事之以股
份為基礎報酬之細節呈列於附註13。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 269
43. SHARE-BASED COMPENSATION PLANS (Continued)
(a) DSBG Schemes
The shareholders of the Company approved the adoption of a
new share option scheme (the “New DSBG Scheme”) and, at the
same time, the termination of the Share Option Scheme adopted
by the Company on 12 June 2004 (the “Old DSBG Scheme”) at the
annual general meeting of the Company held on 27 May 2014. No
further options can be offered under the Old DSBG Scheme after its
termination but the provisions of the Old DSBG Scheme remain in
full force and effect to the extent necessary to give effect to allow
grantees to exercise share options granted prior to the termination
of the Old DSBG Scheme but not yet exercised at the time of
termination.
Under the Old DSBG Scheme, the Company issued to certain
directors and employees of its subsidiaries share options on terms
that allow the Company the choice of making cash payments,
determined based on the intrinsic value of each share option, instead
of allotting newly issued shares to the directors or employees at
the date of exercise. The Company has the intention to adopt cash
settlement practice in respect of the share options granted prior
to year 2012. For share option issued in 2012 and afterwards, the
Company has the intention to settle its obligations by issuing new
shares.
The share options were granted in accordance with the terms
and conditions of the Old DSBG Scheme. The exercise price per
option share was concluded by the Nomination and Remuneration
Committee on behalf of the Board of the Company on the basis no
less exacting than the requirement set out in Rule (9) of the Rules
Governing the Listing of Securities on the SEHK and was determined
as no less than the highest of (i) the closing price of the Company’s
shares traded on the SEHK on the date of grant; and (ii) the average
closing price of the Company’s shares traded on the SEHK for the five
business days immediately preceding the date of grant. For options
granted before the commencement of the Companies Ordinance
(Cap. 622) on 3 March 2014, the nominal value of the Company’s
shares of HK$1 each in the capital of the Company had been taken
into account in determining the exercise price per option share. The
exercise period is between the first and sixth anniversaries from the
date of grant.
43. 以股份為基礎報酬計劃（續）
（甲） 大新銀行集團計劃
本公司股東於2014年5月27日舉行的本公司股東
週年大會通過批准採納新認股權計劃（「大新銀行
集團新計劃」），並與此同時終止本公司於2004年
6月12日採納之認股權計劃（「大新銀行集團舊計
劃」）。大新銀行集團舊計劃終止後，不得據此計
劃進一步授出任何認股權，惟大新銀行集團舊計
劃之條文就容許承授人行使於有關終止前已授出
但於終止時仍未行使之全部認股權而言，仍具有
十足效力及作用。
按大新銀行集團舊計劃，本公司授予其附屬公司
若干董事及僱員認股權。當中條款允許本公司可
選擇在認股權行使日，根據每認股權之內在價值
以現金支付，替代向董事或僱員配發新股份。本
公司打算應用此現金支付慣例於2012年以前所授
予的認股權。於2012年及其後所授予之認股權，
本公司打算發行新股份，以支付其承擔。
該等認股權乃按大新銀行集團舊計劃內之條款及
條件所授予。每份認股權之行使價乃由提名及薪
酬委員會代表本公司董事會以不得寬鬆於香港交
易所上市規則第(9)條規定下，按不低於以
下2項中之最高者作釐定：(i)本公司股份在授予日
於香港交易所買賣之收市價；及 (ii)本公司股份在
緊接授予日前5個營業日於香港交易所買賣之平
均收市價。於2014年3月3日公司條例（622章）
生效前授予之認股權，釐定每份認股權之行使價
時已考慮本公司股本中每股股份1港元之面值。
該認股權之行使期乃於獲授予日期起計第1至第6
周歲日。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報270
43. SHARE-BASED COMPENSATION PLANS (Continued)
(b) DSFH Schemes
The share option scheme of DSFH adopted on 28 April 2005 (the “Old
DSFH Scheme”) had expired on 28 April 2015. On 27 May 2015, the
shareholders of DSFH approved the adoption of a new share option
scheme (the “New DSFH Scheme”). No further share options can
be offered under the Old DSFH Scheme after its expiration but the
provisions of the Old DSFH Scheme remain in full force and effect to
the extent necessary to give effect to allow the grantees to exercise
share options granted prior to the expiration of the Old DSFH Scheme
but not yet exercised at the time of expiration.
Under the Old DSFH Scheme, DSFH issued to certain directors
and employees of its subsidiaries share options on terms that allow
DSFH the choice of making cash payments, determined based on the
intrinsic value of each share option, instead of allotting newly issued
shares to the directors or employees at the date of exercise. DSFH
has adopted the cash settlement practice and intends to continue this
practice in respect of the existing share options issued.
The share options were granted in accordance with the terms
and conditions of the Old DSFH Scheme. The exercise price per
option share was concluded by the Nomination and Remuneration
Committee on behalf of the Board of DSFH on the basis no less
exacting than the requirement set out in Rule (9) of the Rules
Governing the Listing of Securities on the SEHK and was determined
as no less than the highest of (i) the closing price of DSFH’s shares
traded on the SEHK on the date of grant; and (ii) the average closing
price of DSFH’s shares traded on the SEHK for the five business
days immediately preceding the date of grant. For options granted
before the commencement of the Companies Ordinance (Cap. 622)
on 3 March 2014, the nominal value of DSFH shares of HK$2 each in
the capital of DSFH had been taken into account in determining the
exercise price per option share. The exercise period is between the
first and sixth anniversaries from the date of grant.
43. 以股份為基礎報酬計劃（續）
（乙） 大新金融計劃
大新金融於2005年4月28日採納之認股權計劃
（「大新金融舊計劃」）已於2015年4月28日屆滿。
於2015年5月27日，大新金融股東通過批准採納
新認股權計劃（「大新金融新計劃」）。大新金融舊
計劃終止後，不得據此計劃進一步授出任何認股
權，惟大新金融舊計劃之條文就容許承授人行使
於有關終止前已授出但於終止時仍未行使之全部
認股權而言，仍具有十足效力及作用。
按大新金融舊計劃，大新金融授予其附屬公司若
干董事及僱員認股權。當中條款允許大新金融可
選擇在認股權行使日，根據每認股權之內在價值
以現金支付，替代向董事或僱員配發新股份。大
新金融已應用此現金支付慣例及打算繼續此慣例
於現有已發行認股權。
該等認股權乃按大新金融舊計劃內之條款及條件
所授予。每份認股權之行使價乃由提名及薪酬委
員會代表大新金融董事會以不得寬鬆於香港交易
所上市規則第(9)條規定下，按不低於以下
2項中之最高者作釐定：(i)大新金融股份在授予
日於香港交易所買賣之收市價；及 (ii)大新金融股
份在緊接授予日前5個營業日於香港交易所買賣
之平均收市價。於2014年3月3日公司條例（622
章）生效前授予之認股權，釐定每份認股權之行
使價時已考慮大新金融股本中每股股份2港元之
面值。該認股權之行使期乃於獲授予日期起計第
1至第6周歲日。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 271
43. SHARE-BASED COMPENSATION PLANS (Continued)
(b) DSFH Schemes (Continued)
Share options granted under the Old DSBG Scheme:
授予日 類別 賦予年期 行使期 每股行使價（港元）
Date of grant Type Vesting period Exercise period Exercise price per share (HK$)
2011年12月12日 以現金支付 2011年 12 月 12 日至 2012 年 12 月 12 日至
2016年 12 月 12 日 2017 年 12 月 12 日
12/12/2011 Cash-settled 12/12/2011-12/12/2016 12/12/2012-12/12/2017
2012年12月21日 以股權支付 2012年 12 月 21 日至 2013 年 12 月 21 日至
2017年 12 月 21 日 2018 年 12 月 21 日
21/12/2012 Equity-settled 21/12/2012-21/12/2017 21/12/2013-21/12/2018
2014年3月26日 以股權支付 2014 年 3 月 26 日至 2015 年 3 月 26 日至
2019 年 3 月 26 日 2020 年 3 月 26 日
26/03/2014 Equity-settled 26/03/2014-26/03/2019 26/03/2015-26/03/2020
No share options had been granted under the New DSBG Scheme
since the date of its adoption to 31 December 2016.
Share options granted under the Old DSFH Scheme:
授予日 類別 賦予年期 行使期 每股行使價（港元）
Date of grant Type Vesting period Exercise period Exercise price per share (HK$)
2011年12月12日 以現金支付 2011年 12 月 12 日至 2012 年 12 月 12 日至
2016年 12 月 12 日 2017 年 12 月 12 日
12/12/2011 Cash-settled 12/12/2011-12/12/2016 12/12/2012-12/12/2017
2012年12月21日 以現金支付 2012年 12 月 21 日至 2013 年 12 月 21 日至
2017年 12 月 21 日 2018 年 12 月 21 日
21/12/2012 Cash-settled 21/12/2012-21/12/2017 21/12/2013-21/12/2018
No share options had been granted under the New DSFH Scheme
since the date of its adoption to 31 December 2016.
43. 以股份為基礎報酬計劃（續）
（乙） 大新金融計劃（續）
按大新銀行集團舊計劃授予之認股權：
大新銀行集團新計劃自採納日起至2016年12月
31日，並無任何認股權根據大新銀行集團新計劃
授出。
按大新金融舊計劃授予之認股權：
大新金融新計劃自採納日起至2016年12月31日
止，並無任何認股權根據大新金融新計劃授出。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報272
43. SHARE-BASED COMPENSATION PLANS (Continued)
Share-based compensation charged to income statement is as
follows:
2016 2015
以股權支付之認股權 Equity-settled options 1,101 1,961
以現金支付之認股權 Cash-settled options 3,982 7,682
合計 Total 5,083 9,643
Cash-settled options
With respect to the cash-settled options granted under the Old
DSBG Scheme and Old DSFH Scheme described above, the Group
has recorded liabilities of HK$43,341,000 (2015: HK$39,359,000) in
respect of the fair value of the share options at the reporting date.
These do not include cost separately borne by DSFH as stated under
note (iv) below. The fair value is determined by using the Trinomial
Option Pricing Model, and based on the major assumptions set out in
the following tables.
大新銀行集團舊計劃
Old DSBG Scheme
2016 2015
2011年 2011年
12月12日 12月12日
12 December 12 December
授予日 Grant date 2011 2011
本公司於12月31日 Share price of the Company
之股價（港元） as at 31 December (HK$)
行使價（港元） Exercise price (HK$)
預計波幅（註 (i)） Expected volatility (Note (i)) % %
年期（年） Time to maturity (years) <1 <2
無風險利率（註 (ii)） Risk free rate (Note (ii)) % %
預計股息率（註 (iii)） Expected dividend rate (Note (iii)) % %
43. 以股份為基礎報酬計劃（續）
於收益賬內確認之以股份為基礎報酬之支出如
下：
以現金支付之認股權
就上述大新銀行集團舊計劃及大新金融舊計劃所
授予之以現金支付的認股權，本集團已於結算日
確認43,341,000港元（2015年：39,359,000港元）
為有關該等認股權公平值之負債。該負債不包括
下述註(iv)大新金融另外所承擔的支出。此公平值
乃以三項式期權定價模式按下表所述之主要假設
計算。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 273
43. SHARE-BASED COMPENSATION PLANS (Continued)
Cash-settled options (Continued)
大新金融舊計劃
Old DSFH Scheme
2016 2015
2012年 2011年 2012年 2011年
12月21日 12月12日 12月21日 12月12日
（註 (iv)） （註 (iv)） （註 (iv)） （註 (iv)）
21 December 12 December 21 December 12 December
2012 2011 2012 2011
授予日 Grant date (Note (iv)) (Note (iv)) (Note (iv)) (Note (iv))
大新金融於12月 31日之股價（港元） Share price of DSFH as at 31 December (HK$)
行使價（港元） Exercise price (HK$)
預計波幅（註 (i)） Expected volatility (Note (i)) % % % %
年期（年） Time to maturity (years) <2 <1 <3 <2
無風險利率（註 (ii)） Risk free rate (Note (ii)) % % % %
預計股息率（註 (iii)） Expected dividend rate (Note (iii)) % % % %
Note:
(i) Expected volatility is determined by calculating the historical volatility
of the share price of the Company and DSFH, as applicable, during the
one year period immediately preceding the measurement date and is
based on the assumption that there is no material difference between
the expected volatility over the time to maturity of the options and the
historical volatility of the share prices of the Company and DSFH as set
out above.
(ii) Risk free rate is the Hong Kong Exchange Fund Notes yield of relevant
time to maturity.
(iii) Expected dividend rates are based on historical dividends.
(iv) The cost of these options is borne by the holding company, DSFH. DSFH
has recorded liabilities of HK$7,092,000 (2015: HK$3,335,000) and a
charge to income statement of HK$3,757,000 (2015: a reversal of charge
to income statement of HK$1,265,000) for these options.
The total intrinsic value of the share options for which the grantees’
right to receive cash on a vested basis as of 31 December 2016 is
HK$49,590,000 (2015: HK$31,900,000).
43. 以股份為基礎報酬計劃（續）
以現金支付之認股權（續）
註：
(i) 預計波幅是按股價於計算日之前過往一年本公司
及大新金融如可適用的波幅而計算，並假設過往
本公司及大新金融股價之波幅，與上表用於認股
權之年期內之預計波幅，並無重大的差異。
(ii) 無風險利率為有關年期之香港外匯基金票據之收
益率。
(iii) 預計股息率乃按過往股息而訂。
(iv) 該等認股權之支出由控股公司大新金融承擔。大
新金融已就該認股權確認7,092,000港元（2015
年：3,335,000港元）負債及於收益賬確認支出
3,757,000港元（2015年：收益賬確認支出回撥
1,265,000港元）。
認股權內授予者有權按既定基準以現金收取，其
內在價值總額於2016年12月31日為49,590,000
港元（2015年：31,900,000港元）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報274
43. SHARE-BASED COMPENSATION PLANS (Continued)
Equity-settled options
With respect to the equity-settled options granted under the Old
DSBG Scheme described above, the fair value is determined by using
the Trinomial Option Pricing Model at the date when the options are
granted.
No equity-settled options had been granted under the New DSBG
Scheme since the date of its adoption to 31 December 2016.
Movements in the number of share options granted and their related
weighted average exercise prices are as follows:
大新銀行集團舊計劃 大新金融舊計劃
Old DSBG Scheme Old DSFH Scheme
2016 2015 2016 2015
授予可購買 授予可購買 授予可購買 授予可購買
大新銀行集團 加權平均 大新銀行集團 加權平均 大新金融 加權平均 大新金融 加權平均
認股權中 行使價 認股權中 行使價 認股權中 行使價 認股權中 行使價
股份數目 （港元） 股份數目 （港元） 股份數目 （港元） 股份數目 （港元）
Number of Weighted Number of Weighted Number of Weighted Number of Weighted
DSBG shares average DSBG shares average DSFH shares average DSFH shares average
in share exercise in share exercise in share exercise in share exercise
options price options price options price options price
granted (HK$) granted (HK$) granted (HK$) granted (HK$)
一月一日 At 1 January 11,880,959 12,150,982 417,227 417,227
授予 Granted – – – – – – – –
已過期 Expired – – – – – – – –
已行使 Exercised (1,495,507) (270,023) – – – –
已取消╱沒收 Cancelled/forfeited – – – – – – – –
12月 31日 At 31 December 10,385,452 11,880,959 417,227 417,227
12月 31日可行使 Exercisable at 31 December 9,429,992 8,474,534 385,935 302,490
The Company’s share options outstanding as of 31 December 2016
have exercise prices in the range of HK$ to HK$ (2015:
HK$ to HK$), and a weighted average remaining contractual
life of years (2015: years). In respect of directors and senior
executives of the Group, their applicable DSFH’s share options
outstanding as of 31 December 2016 have exercise prices in the
range of HK$ to HK$ (2015: HK$ to HK$), and a
weighted average remaining contractual life of years (2015:
years).
43. 以股份為基礎報酬計劃（續）
以股權支付之認股權
就上述大新銀行集團舊計劃所授予之以股權支付
的認股權，其於授予日之公平值乃以三項式期權
定價模式計算。
大新銀行集團新計劃自採納日起至2016年12月
31日，並無任何以股權支付之認股權根據大新銀
行集團新計劃授出。
授予之認股權數目及其加權平均行使價之變動如
下：
本公司於2016年12月31日未行使之認股權之行使價
介 乎港 元 至港 元（2015年： 介 乎港 元
至港元），及其加權平均剩餘合約行使期為年
（2015年：年）。關於本集團董事及高級行政人員可
適用之大新金融認股權，於2016年12月31日未行使之
大新金融認股權之行使價介乎港元至港元
（2015年：介乎港元至港元），及其加權平
均剩餘合約行使期為年（2015年：年）。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 275
44. OFFSETTING FINANCIAL ASSETS AND FINANCIAL
LIABILITIES
Financial assets and liabilities are presented net when there is a legally
enforceable right to offset the recognised amounts and there is an
intention to settle them on a net basis, or realise the asset and settle
the liability simultaneously.
(a) Financial assets and liabilities subject to netting
agreement and offset on the statement of financial
position
The Group maintains an account with the Hong Kong Securities
Clearing Company Limited (“HKSCC”) through which it conducts
securities trading transactions for its customers.
In presenting the amounts due from and to HKSCC, the Group has
offset the gross amount of the accounts receivable from and the
gross amount of the accounts payable to HKSCC. As at 31 December
2016, the net amount was a receivable and was included in “Accounts
receivable and prepayments” in Note 30; and as at 31 December
2015, the net amount was a payable and was included in “Other
accounts and accruals”. The amounts offset are shown below.
2016 2015
應收香港中央結算之款項總額 Gross amount of accounts
receivable from HKSCC 41,492 10,748
應付香港中央結算之款項總額 Gross amount of accounts
payable to HKSCC (329) (31,068)
應收╱（應付）香港中央結算淨額 Net amount due from/(to) HKSCC 41,163 (20,320)
(b) Financial assets and liabilities subject to netting
agreement but not offset on the statement of financial
position
Master netting arrangements
To mitigate credit risks, the Group enters into master netting
arrangements with counterparties whenever possible. Netting
agreements provide that, if an event of default occurs, all outstanding
transactions with the counterparty will be terminated and all amounts
outstanding will be settled on a net basis. Except for the event of
default, all outstanding transactions with the counterparty are settled
on a gross basis and generally do not result in offsetting the assets
and liabilities in the statement of financial position.
44. 金融資產與負債的對銷
倘若有法律上強制性執行的權利可對銷金融資產
及負債之已確認金額，以及有意以淨額基準對其
結算或同時變現資產及清償負債，則可將金融資
產及負債相互對銷。
（甲） 依淨額結算協議處理並已在財務狀況
表內對銷之金融資產及負債
本集團通過在香港中央結算有限公司（「香港中央
結算」）開設之賬戶為客戶進行股票買賣交易。
本集團於呈列應收及應付香港中央結算之金額時
已抵銷對香港中央結算之應收款項總額及應付款
項總額。於2016年12月31日，該淨額為應收款
項及包含於附註30中之「應收款項及預付項目」賬
項內；及於2015年12月31日，該淨額為應付款
項及包含於「其他賬目及預提」賬項內。抵銷之金
額載於下文。
（乙） 受淨額結算安排但沒有在財務狀況表
內對銷之金融資產及負債
總體淨額結算安排
本集團會盡可能與交易對手訂立總體淨額結算安
排，以減低信貸風險。淨額結算協議規定，一旦
出現違約事件，所有涉及交易對手之未完成交易
均會終止，而所有結欠款項將拼合按淨額結算。
如非發生違約事件，所有與對手之交易會以總額
結算及一般不會在財務狀況表中對銷資產及負
債。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
大新銀行集團有限公司 2016年年報276
44. OFFSETTING FINANCIAL ASSETS AND FINANCIAL
LIABILITIES (Continued)
(b) Financial assets and liabilities subject to netting
agreement but not offset on the statement of financial
position (Continued)
Master netting arrangements (Continued)
The following tables present details of financial instruments subject
to offsetting, enforceable master netting arrangements and similar
agreements.
並無在財務狀況表內對銷之相關金額
Related amounts not set
off in the statement
of financial position
2016年12月31日 At 31 December 2016
已確認金融
資產總額
Gross
amounts of
recognised
financial
assets
於財務狀況表內
對銷之已確認
金融負債總額
Gross amounts
of recognised
financial
liabilities
set off
in the
statement
of financial
position
於財務狀況表內
列示之金融
資產淨額
Net amounts
of financial
assets
presented
in the
statement
of financial
position
金融工具
（包括非
現金抵押品）
Financial
instruments
(including
non-cash
collateral)
已收
現金抵押
Cash
collateral
received
淨額
Net amount
不涉及可依法
強制執行之淨額
計算協議之金額
Amounts not
subject to
enforceable
netting
agreements
合計
Total
金融資產 Financial assets
衍生金融工具 Derivative financial instruments 816,223 – 816,223 (579,441) (27,141) 209,641 361,099 1,177,322
並無在財務狀況表內對銷之相關金額
Related amounts not set
off in the statement
of financial position
2016年12月31日 At 31 December 2016
已確認金融
負債總額
Gross
amounts of
recognised
financial
liabilities
於財務狀況表內
對銷之已確認
金融資產債總額
Gross amounts
of recognised
financial
assets set
off in the
statement
of financial
position
於財務狀況表內
列示之金融
負債淨額
Net amounts
of financial
liabilities
presented
in the
statement
of financial
position
金融工具
（包括非
現金抵押品）
Financial
instruments
(including
non-cash
collateral)
已質押
現金抵押
Cash
collateral
placed out
淨額
Net amount
不涉及可依法
強制執行之淨額
計算協議之金額
Amounts not
subject to
enforceable
netting
agreements
合計
Total
金融負債 Financial liabilities
銀行存款 Deposits from banks 466,306 – 466,306 (466,306) – – 1,851,897 2,318,203
衍生金融工具 Derivative financial instruments 1,142,821 – 1,142,821 (579,441) (98,173) 465,207 200,597 1,343,418
持作買賣用途的負債 Trading liabilities 7,748,887 – 7,748,887 (7,184,753) – 564,134 – 7,748,887
其他賬目及預提 Other accounts and accruals 186,987 – 186,987 (186,987) – – 2,785,636 2,972,623
44. 金融資產與負債的對銷（續）
（乙） 受淨額結算安排但沒有在財務狀況表
內對銷之金融資產及負債（續）
總體淨額結算安排（續）
下表列示受對銷、具法律效力之總體淨額結算安
排及類同協議所約束的金融工具詳情。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
財務報表附註
NOTES TO THE FINANCIAL STATEMENTS
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 277
44. OFFSETTING FINANCIAL ASSETS AND FINANCIAL
LIABILITIES (Continued)
(b) Financial assets and liabilities subject to netting
agreement but not offset on the statement of financial
position (Continued)
Master netting arrangements (Continued)
並無在財務狀況表內對銷之相關金額
Related amounts not set
off in the statement
of financial position
2015年12月31日 At 31 December 2015
已確認金融
資產總額
Gross
amounts of
recognised
financial
assets
於財務狀況表內
對銷之已確認
金融負債總額
Gross amounts
of recognised
financial
liabilities
set off
in the
statement
of financial
position
於財務狀況表內
列示之金融
資產淨額
Net amounts
of financial
assets
presented
in the
statement
of financial
position
金融工具
（包括非
現金抵押品）
Financial
instruments
(including
non-cash
collateral)
已收
現金抵押
Cash
collateral
received
淨額
Net amount
不涉及可依法
強制執行之淨額
計算協議之金額
Amounts not
subject to
enforceable
netting
agreements
合計
Total
金融資產 Financial assets
衍生金融工具 Derivative financial instruments 543,777 – 543,777 (474,682) (18,213) 50,882 535,551 1,079,328
並無在財務狀況表內對銷之相關金額
Related amounts not set
off in the statement
of financial position
2015年12月31日 At 31 December 2015
已確認金融
資產總額
Gross
amounts of
recognised
financial
liabilities
於財務狀況表內
對銷之已確認
金融負債總額
Gross amounts
of recognised
financial
assets set
off in the
statement
of financial
position
於財務狀況表內
列示之金融
負債淨額
Net amounts
of financial
liabilities
presented
in the
statement
of financial
position
金融工具
（包括非
現金抵押品）
Financial
instruments
(including
non-cash
collateral)
已質押
現金抵押
Cash
collateral
placed out
淨額
Net amount
不涉及可依法
強制執行之淨額
計算協議之金額
Amounts not
subject to
enforceable
netting
agreements
合計
Total
金融負債 Financial liabilities
銀行存款 Deposits from banks 43,914 – 43,914 (43,914) – – 1,506,997 1,550,911
衍生金融工具 Derivative financial instruments 1,250,102 – 1,250,102 (474,682) (446,015) 329,405 208,330 1,458,432
持作買賣用途的負債 Trading liabilities 6,270,630 – 6,270,630 (6,261,578) – 9,052 – 6,270,630
其他賬目及預提 Other accounts and accruals 123,271 – 123,271 (123,271) – – 2,497,543 2,620,814
44. 金融資產與負債的對銷（續）
（乙） 受淨額結算安排但沒有在財務狀況表
內對銷之金融資產及負債（續）
總體淨額結算安排（續）
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報278
The following information relates to the Group and is disclosed as part
of the accompanying information to the financial statements and does
not form part of the audited financial statements.
1. CAPITAL ADEqUACY RATIO
2016年12月31日 2015年12月31日
As at As at
31 December 2016 31 December 2015
資本充足比率 Capital adequacy ratio
－普通股權一級 – Common Equity Tier 1 % %
－一級 – Tier 1 % %
－整體 – Total % %
The capital adequacy ratio as at 31 December 2016 and 31 December
2015 represents the consolidated position of DSB (covering BCM
and DSB China) computed on Basel III basis in accordance with
the Banking (Capital) Rules. This capital adequacy ratio takes into
account market risk and operational risk.
DSB as a locally incorporated bank in Hong Kong is subject to the
minimum capital adequacy ratio requirement under the Hong Kong
Banking Ordinance. BCM is subject to Macau banking regulations and
DSB China is subject to China banking regulations.
下列為有關本集團之資料作為財務報表之部份附
加資料，但並非經審計財務報表之一部份。
1. 資本充足比率
2016年12月31日及2015年12月31日之資本充
足比率乃大新銀行的綜合狀況（包括澳門商業銀
行及大新銀行（中國））根據《銀行業（資本）規則》
的巴塞爾協定 III基礎所計算。該資本充足比率的
計算已考慮到市場風險和操作風險。
根據香港銀行業條例，大新銀行為香港註冊銀行
須遵守資本充足比率最低要求。澳門商業銀行須
遵守有關澳門銀行業監管的規定及大新銀行（中
國）須遵守有關中國銀行業監管的規定。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 279
2. CAPITAL BUFFERS
2016
防護緩衝資本比率 Capital conservation buffer ratio %
逆周期緩衝資本比率 Countercyclical capital buffer ratio %
%
With effect from 1 January 2016, the above capital buffers are
phased-in and applicable to DSB. The countercyclical capital buffer
ratio is computed on the same consolidated basis as the capital
adequacy ratio.
3. LIqUIDITY MAINTENANCE RATIO
2016 2015
流動資產維持比率 Liquidity maintenance ratio % %
The LMR is calculated as the simple average of each calendar
month’s average consolidated liquidity maintenance ratio of DSB
(covering BCM and DSB China) for the financial year. The LMR is
computed in accordance with the Banking (Liquidity) Rules.
DSB as a locally incorporated bank in Hong Kong is subject to the
liquidity requirement under the Hong Kong Banking Ordinance. BCM
is subject to Macau banking regulations and DSB China is subject to
China banking regulations.
4. LEVERAGE RATIO
2016 2015
槓桿比率 Leverage ratio % %
The disclosure on leverage ratio is required under section 24A(6)
of the Banking (Disclosure) Rules. The above ratios represent the
consolidated position of DSB and are computed on the same
consolidated basis as the capital adequacy ratio.
2. 緩衝資本
自2016年1月1日起，上述緩衝資本分階段適用
於大新銀行。逆周期緩衝資本比率按資本充足比
率之相同綜合基礎計算。
3. 流動資產維持比率
流動資產維持比率乃大新銀行（包括澳門商業銀
行及大新銀行（中國））於財政年度每個曆月的平
均綜合流動資產維持比率的簡單平均數。流動資
產維持比率乃根據《銀行業（流動性）規則》計算。
大新銀行為香港註冊銀行須根據香港銀行業條例
遵守流動資金比率最低要求。澳門商業銀行須遵
守有關澳門銀行業監管的規定及大新銀行（中國）
須遵守有關中國銀行業監管的規定。
4. 槓桿比率
《銀行業（資本）規則》第24A(6)條規定對槓桿比率
之披露。上述乃大新銀行之綜合狀況之比率及按
資本充足比率之相同綜合基礎計算。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報280
5. CURRENCY CONCENTRATIONS
The following sets out the net foreign exchange position in USD and
other individual currency that constitutes more than 10% of the total
net position in all foreign currencies as at 31 December 2016 and the
corresponding comparative balances.
The Group did not have any structural foreign exchange position as at
31 December 2016 and 2015.
其他外幣 外幣合計
澳門幣 Other Total
美元 人民幣 Macau foreign foreign
2016年12月31日 At 31 December 2016 US dollars Renminbi Pataca currencies currencies
相等於百萬港元 Equivalent in HK$ millions
現貨資產 Spot assets 64,651 13,702 9,347 4,923 92,623
現貨負債 Spot liabilities (33,722) (13,522) (10,993) (8,437) (66,674)
遠期買入 Forward purchases 25,926 12,881 – 5,379 44,186
遠期賣出 Forward sales (55,094) (13,047) – (1,865) (70,006)
期權淨額 Net options position – – – (6) (6)
長╱（短）盤淨額 Net long/(short) position 1,761 14 (1,646) (6) 123
其他外幣 外幣合計
澳門幣 Other Total
美元 人民幣 Macau foreign foreign
2015年12月31日 At 31 December 2015 US dollars Renminbi Pataca currencies currencies
相等於百萬港元 Equivalent in HK$ millions
現貨資產 Spot assets 58,812 16,721 8,472 5,443 89,448
現貨負債 Spot liabilities (24,177) (16,238) (9,566) (8,872) (58,853)
遠期買入 Forward purchases 27,958 12,735 – 5,853 46,546
遠期賣出 Forward sales (60,960) (13,018) – (2,364) (76,342)
期權淨額 Net options position (3) (1) – 4 –
長╱（短）盤淨額 Net long/(short) position 1,630 199 (1,094) 64 799
5. 外匯風險
下列為本集團在2016年12月31日之美元和其它
個別貨幣之外匯淨額（有關之外匯淨額超逾所有
外匯淨額10%），及其相應之比較額。
於2016年12月31日及2015年12月31日，本集
團並無任何結構性外幣持盤淨額。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 281
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES
(a) Gross advances to customers by industry sector
classified according to the usage of loans and analysed
by percentage covered by collateral
2016年12月31日 2015 年 12 月 31 日
At 31 December 2016 At 31 December 2015
貸款總額 貸款總額
受抵押品保障 受抵押品保障
之百分比 之百分比
% of gross % of gross
未償還結餘 advances 未償還結餘 advances
Outstanding covered Outstanding covered
balance by collateral balance by collateral
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial and financial
－物業發展 – Property development 2,317,648 1,909,605
－物業投資 – Property investment 15,095,225 16,136,906
－金融企業 – Financial concerns 4,259,982 1,118,110
－股票經紀 – Stockbrokers 1,804,854 965,931
－批發與零售業 – Wholesale and retail trade 4,543,621 4,144,996
－製造業 – Manufacturing 2,435,207 3,026,032
－運輸及運輸設備 – Transport and transport equipment 3,508,563 3,713,584
－康樂活動 – Recreational activities 78,395 262,522
－資訊科技 – Information technology 74,186 72,019
－其他 – Others 5,180,298 5,454,602
39,297,979 36,804,307
個人 Individuals
－購買「居者有其屋計劃」、 – Loans for the purchase of
「私人參建居屋計劃」及 flats in Home Ownership
「租者置其屋計劃」樓宇貸款 Scheme, Private Sector
Participation Scheme and
Tenants Purchase Scheme 756,457 869,023
－購買其他住宅物業貸款 – Loans for the purchase of other
residential properties 22,230,051 21,260,300
－信用卡貸款 – Credit card advances 4,377,622 – 4,465,225 –
－其他 – Others 11,092,297 9,217,401
38,456,427 35,811,949
在香港使用的貸款 Loans for use in Hong Kong 77,754,406 72,616,256
貿易融資（註 (1)） Trade finance (Note (1)) 7,723,386 7,394,880
在香港以外使用的貸款（註 (2)） Loans for use outside Hong Kong
(Note (2)) 28,176,929 29,614,188
113,654,721 109,625,324
6. 債權及餘額之額外分析
（甲） 按行業分類之客戶貸款總額（以貸款用
途分類及以受抵押品保障的百分比分
析）
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報282
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(a) Gross advances to customers by industry sector
classified according to the usage of loans and analysed
by percentage covered by collateral (Continued)
Note:
(1) Trade finance shown above represents loans covering finance of
imports to Hong Kong, exports and re-exports from Hong Kong and
merchandising trade classified with reference to the relevant guidelines
issued by the HKMA.
Trade f inance loans not involving Hong Kong ( including trade
finance extended by the overseas subsidiary banks of DSB) totalling
HK$297,335,000 (31 December 2015: HK$592,075,000) are classified
under Loans for use outside Hong Kong.
(2) Loans for use outside Hong Kong include loans extended to customers
located in Hong Kong with the finance used outside Hong Kong.
6. 債權及餘額之額外分析（續）
（甲） 按行業分類之客戶貸款總額（以貸款用
途分類及以受抵押品保障的百分比分
析）（續）
註：
(1) 上述列示之貿易融資為參考香港金管局發出之相
關指引而分類為香港進口、出口和轉口的融資，
以及商品貿易融資等之貸款。
不 涉 及 香 港 之 貿 易 融 資 貸 款（ 包 括 大 新 銀 行
之 海 外 銀 行 附 屬 公 司 授 予 之 貿 易 融 資 ）總
值 297,335,000 港 元（2015 年 12 月 31 日：
592,075,000港元）分類於「在香港以外使用的貸
款」項下。
(2) 在香港以外使用的貸款包括授予香港客戶但在香
港以外使用之貸款。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 283
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(a) Gross advances to customers by industry sector
classified according to the usage of loans and analysed
by percentage covered by collateral (Continued)
For each industry sector reported above with loan balance
constituting 10% or more of the total balance of advances to
customers, the attributable amount of impaired loans, overdue loans,
and individually and collectively assessed loan impairment allowances
are as follows:
貸款總額
逾期未償還
超過3個月 個別評估 綜合評估
Gross 減值準備 減值準備
advances Individually Collectively
未償還結餘 減值貸款 overdue assessed assessed
Outstanding Impaired for over impairment impairment
2016年12月31日 At 31 December 2016 balance loans 3 months allowances allowances
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial
and financial
－物業投資 – Property investment 15,095,225 92,594 89,700 10,276 51,607
個人 Individuals
－購買其他住宅物業貸款 – Loans for the purchase
of other residential
properties 22,230,051 10,670 24,893 – 4,552
在香港以外使用的貸款 Loans for use outside
Hong Kong 28,176,929 364,972 380,615 189,010 145,416
貸款總額
逾期未償還
超過3個月 個別評估 綜合評估
Gross 減值準備 減值準備
advances Individually Collectively
未償還結餘 減值貸款 overdue assessed assessed
Outstanding Impaired for over impairment impairment
2015年12月31日 At 31 December 2015 balance loans 3 months allowances allowances
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial
and financial
－物業投資 – Property investment 16,136,906 – 45,009 – 26,886
個人 Individuals
－購買其他住宅物業貸款 – Loans for the purchase
of other residential
properties 21,260,300 – 23,645 – 2,222
在香港以外使用的貸款 Loans for use outside
Hong Kong 29,614,188 304,159 356,762 191,321 184,871
6. 債權及餘額之額外分析（續）
（甲） 按行業分類之客戶貸款總額（以貸款用
途分類及以受抵押品保障的百分比分
析）（續）
上述分析中各構成客戶貸款總額10%或以上的行
業，其應佔減值貸款額、逾期貸款額及個別和綜
合評估的貸款減值準備如下：
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報284
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(a) Gross advances to customers by industry sector
classified according to the usage of loans and analysed
by percentage covered by collateral (Continued)
The amount of new allowances charged to income statement, and the
amount of impaired loans and advances written off during the year
were disclosed in the tables below.
收回已於往年
未能償還貸款 撇銷之貸款
撇銷額 Recoveries
Loans of advances
新增準備 written written off
New off as in previous
2016年 2016 allowances uncollectible years
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial and financial
－物業投資 – Property investment – – –
個人 Individuals
－購買其他住宅物業貸款 – Loans for the purchase of
other residential properties – – 364
在香港以外使用的貸款 Loans for use outside Hong Kong 149,372 115,111 6,137
收回已於往年
未能償還貸款 撇銷之貸款
撇銷額 Recoveries
Loans of advances
新增準備 written written off
New off as in previous
2015年 2015 allowances uncollectible years
在香港使用的貸款 Loans for use in Hong Kong
工商金融 Industrial, commercial and financial
－物業投資 – Property investment – – –
個人 Individuals
－購買其他住宅物業貸款 – Loans for the purchase of
other residential properties – – 474
在香港以外使用的貸款 Loans for use outside Hong Kong 230,629 108,053 11,610
6. 債權及餘額之額外分析（續）
（甲） 按行業分類之客戶貸款總額（以貸款用
途分類及以受抵押品保障的百分比分
析）（續）
下表披露年內在收益賬提撥之新增準備和減值貸
款及墊款之撇銷數額。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 285
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(b) Mainland activities exposures
The analysis of Mainland activities exposures is based on the
categories of non-bank counterparties and the type of direct
exposures defined by the HKMA under the Banking (Disclosure) Rules
with reference to the HKMA Return of Mainland Activities, which
includes the Mainland activities exposures extended by DSB and its
Mainland subsidiary bank only.
資產負債表內 資產負債表外
的餘額 的餘額
On-balance Off-balance 總餘額
sheet sheet Total
2016年 2016 exposure exposure exposures
1. 中央政府，中央政府 1. Central government, central government-
擁有的機構及其附屬公司 owned entities and their subsidiaries and
和合營公司（「合營公司」） joint ventures (“JV”s) 6,982,813 335,952 7,318,765
2. 地方政府，地方政府 2. Local governments, local government-owned
擁有的機構及其附屬 entities and their subsidiaries and JVs 2,067,880 639,122 2,707,002
公司和合營公司
3. 居住在中國內地之國民或在 3. PRC nationals residing in Mainland China or
中國內地成立的其他機構 other entities incorporated in Mainland
及其附屬公司和合營公司 China and their subsidiaries and JVs 8,442,337 1,717,472 10,159,809
4. 未有在上述第一項呈報之 4. Other entities of central government not
中央政府的其他機構 reported in item 1 above 1,579,550 153,473 1,733,023
5. 未有在上述第二項呈報之 5. Other entities of local governments not
地方政府的其他機構 reported in item 2 above 569,977 11,774 581,751
6. 居住在中國內地以外之 6. PRC nationals residing outside Mainland
國民或在中國內地以 China or entities incorporated outside
外成立的機構，而涉及的 Mainland China where the credits are
貸款於中國內地使用 granted for use in Mainland China 8,070,905 542,543 8,613,448
7. 其他交易對手，其餘額 7. Other counterparties where the exposures are
被視作對中國大陸非 considered to be non-bank Mainland China
銀行類客戶的餘額 exposures 579,554 – 579,554
28,293,016 3,400,336 31,693,352
大新銀行及其內地銀行附屬 Total assets of DSB and its Mainland subsidiary
公司之扣除撥備後之資產合計 bank after provision 189,622,746
資產負債表內的餘額 On-balance sheet exposures as percentage
佔資產合計百分比 of total assets %
Note: The balances of exposures reported above include gross advances and
other balances of claims on the customers.
6. 債權及餘額之額外分析（續）
（乙） 對中國大陸業務的餘額
根據香港金管局《銀行業（披露）規則》，以下對中
國大陸業務的餘額之分析乃參照香港金管局對中
國大陸業務申報表中所列之非銀行類交易對手類
別及直接貸款總額種類以分類，其中只包括大新
銀行及其內地銀行附屬公司授予之中國大陸業務
的餘額。
註： 上述呈報餘額包括客戶貸款總額及其他對客戶索
償之金額。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報286
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(b) Mainland activities exposures (Continued)
資產負債表內 資產負債表外
的餘額 的餘額
On-balance Off-balance 總餘額
sheet sheet Total
2015年 2015 exposure exposure exposures
1. 中央政府，中央政府 1. Central government, central government-
擁有的機構及其 owned entities and their subsidiaries
附屬公司和合營公司 and JVs 5,600,248 342,416 5,942,664
2. 地方政府，地方政府 2. Local governments, local government-
擁有的機構及其附屬 owned entities and their subsidiaries
公司和合營公司 and JVs 1,812,458 556,047 2,368,505
3. 居住在中國內地之國民或 3. PRC nationals residing in Mainland China or
在中國內地成立的其他機構 other entities incorporated in Mainland
及其附屬公司和合營公司 China and their subsidiaries and JVs 6,880,961 2,069,484 8,950,445
4. 未有在上述第一項呈報之 4. Other entities of central government not
中央政府的其他機構 reported in item 1 above 671,859 174,376 846,235
5. 未有在上述第二項呈報之 5. Other entities of local governments not
地方政府的其他機構 reported in item 2 above 374,271 231,530 605,801
6. 居住在中國內地以外之 6. PRC nationals residing outside Mainland
國民或在中國內地以外 China or entities incorporated outside
成立的機構，而涉及的 Mainland China where the credits are
貸款於中國內地使用 granted for use in Mainland China 10,677,468 336,276 11,013,744
7. 其他交易對手，其餘額 7. Other counterparties where the exposures are
被視作對中國大陸 considered to be non-bank Mainland China
非銀行類客戶的餘額 exposures 8,270 – 8,270
26,025,535 3,710,129 29,735,664
大新銀行及其內地銀行附屬 Total assets of DSB and its Mainland subsidiary
公司之扣除撥備後之資產合計 bank after provision 181,672,638
資產負債表內的餘額 On-balance sheet exposures as percentage
佔資產合計百分比 of total assets %
6. 債權及餘額之額外分析（續）
（乙） 對中國大陸業務的餘額（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 287
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(c) Analysis of gross advances to customers and overdue
loans by geographical area
Advances to customers by geographical area are classified according
to the location of the counterparties after taking into account the
transfer of risk. In general, risk transfer applies when an advance is
guaranteed by a party located in an area which is different from that
of the counterparty.
The fol lowing table analyses gross advances to customers,
individually impaired advances to customers, overdue advances to
customers and individually and collectively assessed impairment
allowances by geographical area.
個別減值 個別評估 綜合評估
客戶貸款 減值準備 減值準備
客戶貸款總額 Individually 逾期客戶貸款 Individually Collectively
Gross impaired Overdue assessed assessed
advances to advances to advances to impairment impairment
2016年12月31日 At 31 December 2016 customers customers customers allowances allowances
香港 Hong Kong 90,514,829 1,044,157 892,925 391,466 294,687
中國 China 7,573,907 72,815 127,256 30,499 67,881
澳門 Macau 12,793,705 55,200 60,641 12,552 48,779
其他 Others 2,772,280 2,037 6,315 693 9,198
113,654,721 1,174,209 1,087,137 435,210 420,545
個別減值 個別評估 綜合評估
客戶貸款 減值準備 減值準備
客戶貸款總額 Individually 逾期客戶貸款 Individually Collectively
Gross impaired Overdue assessed assessed
advances to advances to advances to impairment impairment
2015年12月31日 At 31 December 2015 customers customers customers allowances allowances
香港 Hong Kong 88,670,794 694,726 482,606 283,589 205,814
中國 China 7,374,771 76,030 186,222 31,712 101,454
澳門 Macau 12,007,126 25,507 31,236 12,608 44,534
其他 Others 1,572,633 56 56 44 6,270
109,625,324 796,319 700,120 327,953 358,072
6. 債權及餘額之額外分析（續）
（丙） 按區域分析之客戶貸款總額及逾期貸
款
客戶貸款之區域分析乃根據已考慮風險轉移後之
交易對手所在地分類。一般而言，當貸款的擔保
方位處與交易對手不同之區域時，風險將被轉
移。
下表為客戶貸款總額、個別減值客戶貸款、逾期
客戶貸款及個別和綜合評估減值準備按區域分
析。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報288
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(d) International claims
The information of international claims discloses exposures to foreign
counterparties on which the ultimate risk lies, and is derived according
to the location of the counterparties after taking into account any
transfer of risk. In general, transfer of risk from one country to another
is recognised if the claims against a counterparty are guaranteed by
another party in a different country or if the claims are on an overseas
branch of a bank whose head office is located in a different country.
Only regions constituting 10% or more of the aggregate international
claims after taking into account any recognised risk transfer are
disclosed.
非銀行私人機構
Non-bank private sector
非銀行
金融機構 非金融
官方機構 Non-bank 私人機構
2016年12月31日 At 31 December 2016 銀行 Official financial Non-financial 債權總額
百萬港元 In millions of HK$ Banks sector institutions private sector Total claims
離岸中心 Offshore centres 1,867 17,682 6,684 113,351 139,584
－其中：香港 – of which: Hong Kong 1,430 15,171 6,684 97,608 120,893
發展中亞太區 Developing Asia and Pacific 24,301 1,730 1,149 10,070 37,250
－其中：中國 – of which: Mainland China 20,282 1,730 1,133 8,561 31,706
非銀行私人機構
Non-bank private sector
非銀行
金融機構 非金融
官方機構 Non-bank 私人機構
2015年12月31日 At 31 December 2015 銀行 Official financial Non-financial 債權總額
百萬港元 In millions of HK$ Banks sector institutions private sector Total claims
離岸中心 Offshore centres 3,758 13,771 3,231 113,347 134,107
－其中：香港 – of which: Hong Kong 2,483 11,676 3,089 98,523 115,771
發展中亞太區 Developing Asia and Pacific 28,424 1,574 863 9,223 40,084
－其中：中國 – of which: Mainland China 22,107 1,574 847 7,821 32,349
6. 債權及餘額之額外分析（續）
（丁） 國際債權
國際債權資料是在考慮風險的轉移後，根據交易
對手的所在地而披露對外地交易對手最終面對的
風險。一般而言，若交易對手的債權是由在不同
國家的另一方擔保，或履行債權是一間銀行的海
外分行，而其總部是處於不同的國家，才會確認
風險由一國家轉移至另一國家。經計及任何認可
之風險轉移後，只有構成國際債權總額10%或以
上之區域方作出披露。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 289
6. A D D I T I O N A L A N A L Y S I S O N C L A I M S A N D
EXPOSURES (Continued)
(e) Credit commitments and contingent liabilities analysed
by percentage covered by collateral
2016 2015
受抵押品 受抵押品
合約金額 保障的百分比 合約金額 保障的百分比
Contract % covered Contract % covered
amount by collateral amount by collateral
財務擔保及其他信貸相關之 Financial guarantees and
或然負債 other credit related
contingent liabilities 1,570,209 1,215,161
貸款承擔及其他信貸相關之 Loan commitments and
承擔 other credit related
commitments 69,528,743 69,244,002
71,098,952 70,459,163
6. 債權及餘額之額外分析（續）
（戊） 信貸承擔及或然負債受抵押品保障的
百分比分析
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DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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大新銀行集團有限公司 2016年年報290
7. CAPITAL CHARGE FOR CREDIT, MARKET AND
OPERATIONAL RISKS
The capital charge for each class of exposures are summarised as
follows:
(i) Capital charge for credit risk
2016 2015
主權機構風險承擔 Sovereign exposures 208 727
公營單位風險承擔 Public Sector Entity exposures 24,711 24,489
銀行風險承擔 Bank exposures 883,987 1,103,611
證券商風險承擔 Securities firm exposures 26,854 5,334
法團風險承擔 Corporate exposures 5,368,416 4,879,814
現金項目 Cash items 22,349 24,373
監管零售風險承擔 Regulatory retail exposures 1,022,063 1,006,926
住宅按揭貸款 Residential mortgage loans 1,207,197 1,164,515
其他未逾期風險承擔 Other exposures which are not
past due exposures 1,135,741 1,079,825
逾期風險承擔 Past due exposures 65,192 41,375
證券化風險承擔 Securitization exposures 21,136 16,496
資產負債表內風險承擔之資本要求總額 Total capital charge for on-balance
sheet exposures 9,777,854 9,347,485
直接信貸代替品 Direct credit substitutes 11,289 14,716
與交易相關之或然項目 Transactions-related contingencies 15,662 14,957
與貿易相關之或然項目 Trade-related contingencies 8,400 6,256
遠期存款 Forward forward deposits placed 336 –
其他承擔 Other commitments 67,512 85,778
匯率合約 Exchange rate contracts 76,755 130,197
利率合約 Interest rate contracts 14,002 11,158
權益性合約 Equity contracts 271 1,097
信用估值調整 Credit valuation adjustment 59,654 52,566
資產負債表外風險承擔之資本要求總額 Total capital charge for off-balance
sheet exposures 253,881 316,725
中央交易對手之資本要求總額 Total capital charge for central
counterparties 298 –
信貸風險之資本要求總額 Total capital charge for credit risk 10,032,033 9,664,210
This disclosure is made by multiplying the risk-weighted amount
derived from the relevant calculation approach by 8%, not the
institution’s actual “regulatory capital”.
7. 信貸、市場及操作風險之資本要求
各項風險類別之資本要求概述如下：
(i) 信貸風險之資本要求
此披露乃本集團就有關計算方法算出之風險加權
數額乘以8%的數值，並非本集團之實際「監管資
本」。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 291
7. CAPITAL CHARGE FOR CREDIT, MARKET AND
OPERATIONAL RISKS (Continued)
(ii) Market risk capital charge
The Group uses the Standardised Approach for calculating market
risk.
2016 2015
風險加權數額 資本要求 風險加權數額 資本要求
Risk weighted Capital Risk weighted Capital
amount charge amount charge
利率風險承擔 Interest rate exposures
（包括期權） (including options) 369,287 29,543 527,025 42,162
外匯風險承擔 Foreign exchange exposures
（包括黃金及期權） (including gold and options) 1,658,738 132,699 1,119,975 89,598
2,028,025 162,242 1,647,000 131,760
The risk-weighted amount included those amounts arising from
derivative contracts executed by BCM and DSB China.
(iii) Operational risk capital charge
The Group uses the Basic Indicator Approach for calculating
operational risk.
2016 2015
操作風險之資本要求 Capital charge for operational risk 680,864 632,371
7. 信貸、市場及操作風險之資本要求
（續）
(ii) 市場風險之資本要求
本集團採用標準計算法計算市場風險。
風險加權數額包括澳門商業銀行及大新銀行（中
國）簽訂之衍生合約數額。
(iii) 操作風險之資本要求
本集團採用基本指標計算法計算操作風險。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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大新銀行集團有限公司 2016年年報292
8. RISK MANAGEMENT
The Group recognises the changing nature of risk and manages it
through a well-developed management structure.
Risk management is focused on credit risk, market risk, interest rate
risk, liquidity risk, operational risk, reputation risk and strategic risk.
Credit risk occurs mainly in the Group’s credit portfolios comprising
commercial and retail lending, equipment and hire purchase
financing, and treasury and financial institutions wholesale lending.
Market risk arises mainly from the Treasury Division and is associated
principally with the Group’s on-and off-balance sheet positions in the
trading book and its investment securities.
Interest rate risk means the risk to the Group’s financial condition
resulting from adverse movements in interest rates.
Liquidity risk is the risk that the Group is unable to fund increases in
assets or meet its payment obligations associated with its financial
liabilities when they fall due without incurring unacceptable losses.
Operational risk is the risk of loss (direct or indirect) resulting from
inadequate or failed internal processes, people and systems or from
external events.
Reputation risk is the risk arising from the potential that negative
publicity regarding the Group’s business practices, operational errors
or operating performance, whether true or not, could cause customer
concerns or negative view, decline in the customer base or market
share, or lead to costly litigation or revenue reductions.
Strategic risk generally refers to the corporate risk that may bring
significant immediate or future negative impact on the financial
and market positions of the Group because of poor strategic
decisions, unacceptable financial performance, and inappropriate
implementation of strategies and lack of effective response to the
market changes.
The other risk management aspects are disclosed below.
8. 風險管理
本集團明瞭各類風險會不停蛻變的特性並透過完
善的管理架構作有效管理。
風險管理專注於信貸風險、市場風險、利率風
險、流動資金風險、操作風險、聲譽風險及策略
性風險。信貸風險之產生主要源於本集團之信貸
組合，其中包括商業和零售借貸、機械和租購融
資及財資部和金融機構業務部的批發借貸。
大部份的市場風險乃源於財資部。此主要與本集
團資產負債表內之買賣交易及資產負債表外之買
賣交易及其證券投資有關。
利率風險指因利率的不利變動而引致本集團的財
政狀況面臨的風險。
流動資金風險乃指本集團未能在不衍生不可接受
損失的情況下為新增的資產融資或就到期之金融
負債履行付款責任。
操作風險乃因內部程序、員工及系統之不足與疏
忽或外來的事件而產生之直接或間接虧損之風
險。
聲譽風險是指由於本集團之商業慣例、營運誤差
或營運表現而可能帶來之負面宣傳風險。這些負
面因素不論是否屬實，均可能令客戶產生憂慮或
負面看法，削弱客戶基礎及市場佔有率或導致耗
費龐大之訴訟或減少收入。
策略性風險泛指由於差劣之策略性決定、不可接
受之財務表現、策略施行上失當以及對於市場轉
變欠缺有效應變而可能對集團財務及市場狀況有
即時或日後重大負面影響之企業風險。
其他方面之風險管理詳述如下。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 293
8. RISK MANAGEMENT (Continued)
(a) The risk management structure of the Group
The Board of Directors has the broad overall responsibility for the
management of all types of risk. The responsibilities of the Board in
relation to risk control are:
• the approval of the overall strategy and policies to ensure
that credit and other risks are properly managed at both the
transaction and portfolio levels;
• the management of risk, both financial and non-financial,
conducted through operational and administrative control
systems including the operation of the Group Audit Committee;
review of key results (against forecasts), operational statistics
and policy compliance; and
• the review of f inancial performance by analysis against
approved budgets and analysis of variations in key non-financial
measures.
The RMCC have been delegated the authority to oversee and guide
the management of different risks which are more particularly
managed and dealt with by GRD and different functional committees.
(b) Group risk function
The independent Group Risk function is responsible for ensuring that
policies and mandates are established for the Group as a whole. GRD
monitors and reports the Group’s risk positions to the Board via the
RMCC, sets standards for the management of financial risks and data
integrity and ensures that the financial risks are fully considered in the
product planning and pricing process. GRD reviews and manages all
credit and risk exposure policies for the Group including the approval
of exposures to new markets, economic sectors, organisations,
credit products and financial instruments which expose the Group to
different types of risks. In determining risk policies, GRD takes into
account the guidelines established by the HKMA, business direction,
and risk adjusted performance of each business.
8. 風險管理（續）
（甲） 集團風險管理架構
董事會對所有類別的風險管理負上整體的責任。
關於風險控制方面，董事會的責任包括：
• 批准整體的策略及政策以確保能在交易及
組合層面適當地管理信貸及其他風險；
• 財務和非財務方面的風險管理，透過營運
和行政控制，包括集團審核委員會的操作；
業績檢討（比對預測）、營運統計和政策問
題作出監控；及
• 審閱比對預算、檢討業績和分析主要非財
務指標。
風險管理及合規委員會被委任監察及領導由集團
風險部和各功能委員會主導管理及處理的不同類
型風險。
（乙） 集團風險部
本集團的獨立風險部負責確保本集團整體的政策
訂定和權責。集團風險部監察並透過風險管理及
合規委員會向董事會匯報集團風險狀況，制定金
融風險和資料完整性的管理標準，及確保在產品
策劃和定價的過程中，充份考慮財務方面的風
險。集團風險部審閱和管理所有本集團的信貸及
風險政策，包括對新市場、經濟行業、組織、信
貸產品和令本集團產生信貸與相關風險的財務工
具的核定。在決定信貸及風險政策時，集團風險
部會考慮香港金管局制定的指引、業務方向及經
風險調整的業務表現。
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UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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大新銀行集團有限公司 2016年年報294
8. RISK MANAGEMENT (Continued)
(b) Group risk function (Continued)
The Group’s risk management expertise continues to advance the
overall quality of the Group’s lending portfolios, and enables the
Group to meet the changing regulatory requirements and enter
into credit exposures with the confidence that it understands the
associated risks and rewards.
The Group continues to evolve its risk management capabilities
under the aegis of the Head of GRD, with increasing focus of its risk
strategy on risk and reward and returns on capital. The Group uses
a range of risk measurement and analytical tools in its management
of various risks which it faces in its day-to-day businesses and these
are continually being enhanced and upgraded to reflect the ever-
changing business needs and the requirements of the regulators.
(c) Credit committees
The Group has a GCC for approving major credit limits. The CMC and
the TIRC are the functional committees responsible for approving and
recommending policies, limits and mandates for risk control in loans
and treasury business respectively. The credit risk function, while set
up to support the business areas, reports solely to the GRD.
(d) Credit risk
(i) Credit risk exposures
Standard & Poor’s and Moody’s are the external credit
assessment inst itut ions (“ECAIs”) that the Group uses
for the assessment of its credit risk exposures to banks,
sovereigns, public sector entities, and collective investment
schemes as well as securitisation exposures and exposures
to rated corporates. The Group also has an internal grading
methodology for assessing credit exposures to unrated
corporates.
The process it uses to map ECAI issuer ratings to exposures
booked in its banking book follows the process prescribed in
Part 4 of the Banking (Capital) Rules.
8. 風險管理（續）
（乙） 集團風險部（續）
本集團風險管理的專業知識持續提升借貸組合的
整體質素，並促使本集團能應付改變中的監管要
求和有信心地掌握與授信相關的風險和回報。
在集團風險部主管領導下，本集團持續發展其風
險管理能力，並增加專注風險策略對風險和報酬
及資本回報的影響。本集團在面對日常業務管理
不同形式的風險時會採用一系列的風險管理和分
析工具。此等工具亦持續地在被改良和提升以配
合不斷改變的業務需要和監管機構的要求。
（丙） 信貸委員會
本集團設有集團信貸委員會負責批核重大的信貸
風險額度。信貸管理委員會與財資及投資風險委
員會為分別對貸款及財資業務負責核定和建議其
政策、額度和風險控制權責之功能委員會。為支
援業務而成立的信貸風險功能只向集團風險部匯
報。
（丁） 信貸風險
(i) 信貸風險承擔
標準普爾及穆迪為本集團採用的外部信用
評估機構（「信用評估機構」）用以評估對銀
行、主權機構、公營單位及集體投資計劃
之信貸風險承擔，及證券化類別風險承擔
和有評級法團之風險承擔。本集團亦有一
內部評級法則評估未有評級法團之信貸風
險承擔。
本集團遵循《銀行業（資本）規則》第4部份規
定之程序，配對銀行賬內之風險承擔與信
用評估機構之發行人評級。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
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UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 295
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(i) Credit risk exposures (Continued)
受認可擔保
或認可
信貸衍生工具
合約保障之
風險承擔總額
Total
確認減低信用風險後 exposure
之風險承擔 受認可抵押品 covered by
Exposures after 風險加權數額 保障之風險 recognised
recognised credit Risk-weighted 承擔總額 guarantees
risk mitigation amounts 風險加權數 Total or
風險承擔 有評級 未有評級 有評級 未有評級 總額 exposure recognised
總額 （註2） （註3） （註2） （註3） Total risk- covered by credit
2016年 2016 Total Rated Unrated Rated Unrated weighted recognised derivative
風險類別 Class of exposures Exposures (Note 2) (Note 3) (Note 2) (Note 3) amounts collateral contracts
甲 . 資產負債表內 A. On-balance sheet
1. 主權機構 1. Sovereign 12,290,833 12,997,956 – 2,595 – 2,595 – –
2. 公營單位 2. Public Sector Entity 957,583 1,795,966 – 308,885 – 308,885 – –
3. 多邊發展銀行 3. Multilateral
Development Bank 138,901 138,901 – – – – – –
4. 銀行 4. Bank 31,118,925 32,276,869 419,759 10,844,834 204,999 11,049,833 – –
5. 證券商 5. Securities firm 671,339 339 671,000 170 335,500 335,670 – –
6. 法團 6. Corporate 79,314,254 23,157,033 52,424,933 14,847,787 52,257,418 67,105,205 3,969,853 621,812
7. 現金項目 7. Cash items 789,937 – 3,071,298 – 279,363 279,363 – –
8. 監管零售 8. Regulatory retail 17,390,244 – 17,034,386 – 12,775,790 12,775,790 270,604 85,255
9. 住宅按揭 9. Residential
mortgage loans 35,357,131 – 34,520,137 – 15,089,965 15,089,965 – 836,994
10. 其他未逾期 10. Other exposures
風險承擔 which are not past
due exposures 12,985,021 1,926,728 10,578,862 1,175,844 13,020,915 14,196,759 489,007 57
11. 逾期風險承擔 11. Past due exposures 817,721 – 817,721 – 814,894 814,894 531,775 70,348
乙 . 資產負債表外 B. Off-balance sheet
1. 除場外衍生 1. Off-balance sheet
工具交易或 exposures other
信貸衍生 than OTC derivative
工具合約外 transactions or
之資產負債表 credit derivative
外風險承擔 contracts 1,730,320 – 1,730,320 – 1,289,997 1,289,997 87,356 –
2. 場外衍生工具 2. OTC derivative
交易 transactions 2,361,536 1,885,628 475,908 747,066 390,789 1,137,855 129,351 78,997
丙 . 中央交易對手 C. Central Counterparties 186,407 – 186,407 – 3,728 3,728 – –
丁 . 配予1,250%風險權重 D. Exposures that are
之風險承擔 risk-weighted
at 1,250% 21,136
8. 風險管理（續）
（丁） 信貸風險（續）
(i) 信貸風險承擔（續）
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報296
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(i) Credit risk exposures (Continued)
受認可擔保
或認可
信貸衍生工具
合約保障之
風險承擔總額
Total
確認減低信用風險後 exposure
之風險承擔 受認可抵押品 covered by
Exposures after 風險加權數額 保障之風險 recognised
recognised credit Risk-weighted 承擔總額 guarantees
risk mitigation amounts 風險加權數 Total or
風險承擔 有評級 未有評級 有評級 未有評級 總額 exposure recognised
總額 （註2） （註 3） （註 2） （註 3） Total risk- covered by credit
2015年 2015 Total Rated Unrated Rated Unrated weighted recognised derivative
風險類別 Class of exposures Exposures (Note 2) (Note 3) (Note 2) (Note 3) amounts collateral contracts
甲 . 資產負債表內 A. On-balance sheet
1. 主權機構 1. Sovereign 8,075,602 9,236,426 – 9,087 – 9,087 – –
2. 公營單位 2. Public Sector Entity 829,140 1,674,997 – 306,115 – 306,115 – 118,333
3. 多邊發展銀行 3. Multilateral
Development Bank 77,078 77,078 – – – – – –
4. 銀行 4. Bank 36,297,148 36,514,368 852,034 13,389,806 405,337 13,795,143 – –
5. 證券商 5. Securities firm 133,708 747 132,605 374 66,302 66,676 356 –
6. 法團 6. Corporate 73,313,705 22,324,455 46,286,423 11,480,302 49,517,367 60,997,669 5,034,364 892,931
7. 現金項目 7. Cash items 780,518 – 3,677,564 – 304,657 304,657 – –
8. 監管零售 8. Regulatory retail 17,224,322 – 16,782,095 – 12,586,571 12,586,571 291,557 150,670
9. 住宅按揭 9. Residential
mortgage loans 34,258,269 – 33,300,144 – 14,556,441 14,556,441 106 958,019
10. 其他未逾期 10. Other exposures
風險承擔 which are not past
due exposures 11,845,454 1,977,154 9,998,853 1,123,372 12,374,435 13,497,807 196,124 8
11. 逾期風險承擔 11. Past due exposures 477,259 – 477,259 – 517,188 517,188 293,943 39,257
乙 . 資產負債表外 B. Off-balance sheet
1. 除場外衍生 1. Off-balance sheet
工具交易或 exposures other
信貸衍生 than OTC derivative
工具合約外 transactions or
之資產負債表 credit derivative
外風險承擔 contracts 1,718,843 – 1,718,843 – 1,521,336 1,521,336 54,787 –
2. 場外衍生工具 2. OTC derivative
交易 transactions 2,926,935 1,799,013 1,127,922 729,899 1,050,751 1,780,650 85,882 –
丙 . 配予1,250%風險權重 C. Exposures that are
之風險承擔 risk-weighted at
1,250% 16,496
8. 風險管理（續）
（丁） 信貸風險（續）
(i) 信貸風險承擔（續）
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 297
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(i) Credit risk exposures (Continued)
Note:
(1) principal amount or credit equivalent amount, as applicable, net of
individually assessed impairment allowances.
(2) including exposures with ECAI issue-specif ic rat ing and
exposures which have an inferred rating (. exposures which
do not have an issue-specific rating but whose risk-weights are
determined under the Capital Rules by reference to an ECAI
issuer rating assigned to the obligor of the exposure or to an ECAI
issue rating of any other exposures of the obligor).
(3) exposures which do not have ECAI issue-specific rating, nor
inferred rating.
(ii) Counterparty credit risk exposures
The Group exercises str ict control l imits in tenor and
outstanding amounts on net open positions arising from OTC
derivative transactions, repo-style transactions and credit
derivative contracts booked in its banking book or trading
book. The credit risk exposures associated with these contracts
are predominantly their fair values (. the positive marked-
to-market values favourable to the Group). These credit risk
exposures together with potential exposures from market
movements are managed as part of the overall lending limits
allowed to counterparties. Collateral or other security is
generally not obtained for such credit risk exposures.
Settlement risk arises in situations where a payment in cash
or a delivery of securities or equities is made in expectation
of a corresponding receipt in cash, securities or equities. To
mitigate settlement risk, daily settlement limits are established
for individual counterparty on the aggregate of all settlements
on a day. The Group will also enter into netting arrangements
and make settlement on the basis of delivery against payment
as appropriate.
8. 風險管理（續）
（丁） 信貸風險（續）
(i) 信貸風險承擔（續）
註 :
(1) 本金數額或信貸等值數額（如適用，扣除
個別評估減值準備）。
(2) 包括擁有信用評估機構特定發行評級之風
險承擔及推斷評級之風險承擔（即未有評
級機構特定發行評級之風險承擔，但其於
資本規則確認之風險加權值乃參考配予債
務人有關風險承擔之信用評估機構發行人
評級或該債務人其他風險承擔之信用評估
機構發行之評級）。
(3) 未有評級機構配予評級或推斷評級之風險
承擔。
(ii) 交易對手信貸風險承擔
本集團嚴謹控制其銀行賬或買賣賬內之場
外衍生交易、回購形式交易及信貸衍生交
易合約等持倉淨額之年期和未結算餘額的
額度。與此等合約有關之信貸風險承擔主
要是其公平值（如利於本集團之市場估值正
數值），該信貸風險承擔連同因市場變動之
潛在風險承擔被視為授予交易對手的整體
借貸額度之一部份而管理。此等信貸風險
承擔一般無抵押品或其他擔保。
結算風險在支付現金或交收證券或股票並
預期可收回有關現金或證券或股票時產
生。本集團為各交易對手就一日期結算總
額設定每天結算額度以減低結算風險。本
集團亦簽訂淨額結算安排，及於適當時按
收款交付基準結算。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報298
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(ii) Counterparty credit risk exposures (Continued)
Under the terms of the current collateral obligations of the
Group with respect to derivative contracts, the Group estimates
based on the positions as at 31 December 2016 that it would not
be required to post additional collateral in the event of one notch
downgrade in its credit rating (2015: Nil).
The Group has in place the policies and procedures to control
and monitor wrong-way risk, including requiring prior approval
before entering into prescribed wrong-way risk deals.
The following table summarises the Group’s main credit
exposures arising from OTC derivative transactions.
2016年 2015年
12月31日 12月31日
At At
31 December 31 December
場外衍生交易 OTC derivative transactions 2016 2015
公平值正數值總額 Gross total positive fair value 1,247,508 1,152,520
信貸等值數額 Credit equivalent amount 2,366,553 2,926,935
認可抵押品價值，按類別 Value of recognised collateral by type
－存款 – Deposits 129,351 85,882
風險加權數額 Risk weighted amounts 1,137,955 1,780,650
8. 風險管理（續）
（丁） 信貸風險（續）
(ii) 交易對手信貸風險承擔（續）
按本集團現行有關衍生工具合約之抵押品
責任條款，及根據2016年12月31日之狀
況，本集團估計不需要於其信貸評級被調
降一級的情況下投入額外抵押品（2015年：
無）。
本集團已制定政策及程序以控制及監控錯
向風險，包括規定進行指定之錯向風險交
易前需要預先批核。
下表概述本集團源自場外衍生交易之主要
信貸風險承擔。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 299
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(ii) Counterparty credit risk exposures (Continued)
An analysis of the credit equivalent amounts or net credit
exposures, and the risk-weighted amount is summarised as
follows.
2016年 2015年
12月31日 12月31日
At At
31 December 31 December
場外衍生交易 OTC derivative transactions 2016 2015
名義數額： Notional amounts:
－銀行 – Banks 80,746,539 93,087,809
－法團 – Corporates 15,226,960 31,038,100
－其他 – Others 6,512,189 720,946
102,485,688 124,846,855
信貸等值數額╱ Credit equivalent amounts/net
信貸風險淨額： credit exposures:
－銀行 – Banks 1,813,911 1,690,666
－法團 – Corporates 441,229 1,122,993
－其他 – Others 111,413 113,276
2,366,553 2,926,935
風險加權數額： Risk-weighted amounts:
－銀行 – Banks 711,207 675,725
－法團 – Corporates 404,875 1,068,165
－其他 – Others 21,873 36,760
1,137,955 1,780,650
There were no credit exposures arising from repo-style
transactions and credit derivative contracts at 31 December
2016 and 31 December 2015.
8. 風險管理（續）
（丁） 信貸風險（續）
(ii) 交易對手信貸風險承擔（續）
下表概述信貸等值數額或信貸風險淨額及
風險加權數額之分析。
於2016年12月31日及2015年12月31日，並無
源自回購形式交易及信貸衍生交易合約之信貸風
險。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報300
8. RISK MANAGEMENT (Continued)
(d) Credit risk (Continued)
(iii) Credit risk mitigation
The credit risk mitigation techniques used by the Group are
generally those recognised by the Banking (Capital) Rules for
reduced capital weighting. Common types of collateral obtained
are cash deposits, real estate properties, as well as taxi and
public light bus medallion. For certain types of advances to
customers, the Group also places reliance on guarantees issued
by governments, public sector entities and corporates with
acceptable credit rating.
Real estate properties taken as collateral are evaluated before
the loan can be drawn. For property collateral supporting
problem accounts, their open market values are appraised at
least every three months. For property collateral that has been
repossessed, the Group’s policy is to arrange for realisation as
soon as practicable.
(e) Market risk
The Group is exposed to various types of market risk. Details of the
risk management policies and procedures adopted are set out in Note
to the financial statements.
(f) Asset securitisation
The Group uses the standardised (securitisation) approach to
calculate the credit risk for securitisation exposures on Basel III basis.
Standard & Poor’s and Moody’s are the ECAIs that the Group has
used in relation to each and all classes of the securitisation exposures
below.
8. 風險管理（續）
（丁） 信貸風險（續）
(iii) 減低信貸風險
本集團採用之減低信貸風險方式一般為
《銀行業（資本）規則》認可以減少資本加權
值之方式。收取之抵押品類別普遍為現金
存款、不動產物業及的士和公共小巴經營
牌。就某些類別之客戶貸款，本集團亦信
賴政府、公營單位及配有可接受信貸評級
法團等發出之擔保。
用作抵押品之不動產物業在授出貸款前將
被評估。問題客戶之抵押物業，公開市場
價值將最少每3個月估值一次。就已收回之
物業抵押品，本集團之政策為按可行情況
下盡快出售。
（戊） 市場風險
本集團面對不同類別之市場風險。所採用之風險
管理政策及程序細節於財務報表附註內詳述。
（己） 資產證券化
本集團採用標準（證券化）計算法按巴塞爾協定 III
基礎計算證券化資產信貸風險。標準普爾及穆迪
投資為本集團就各個別及全部類別之證券化風險
承擔所採用之信用評估機構。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 301
8. RISK MANAGEMENT (Continued)
(f) Asset securitisation (Continued)
The asset securitisation exposures of the Group represented
investment in structured investment vehicles managed by third
party portfolio managers and in which the Group is an investor. The
investment is classified as a financial asset designated at fair value
through profit or loss in the Group’s banking book and has been
assessed as impaired since 2007. It is carried at a residual value of
% (2015: %) of the par value as at 31 December 2016
based on price quote obtained from the investment manager.
風險加權
數額
配予1,250%
風險權重 風險承擔扣減自
未償還 Risk-weighted Exposures deducted from
餘額 amount – 資本規定 普通股權一級資本 二級資本
證券化 Securitisation Outstanding at 1,250% Capital Common Equity Tier 2
風險承擔 exposures amounts risk weight requirements Tier 1 Capital Capital
2016年 2016
證券化合成 Synthetic securitisations
－結構性投資工具 – Structured investment
vehicles 21,136 264,201 21,136 – –
2015年 2015
證券化合成 Synthetic securitisations
－結構性投資工具 – Structured investment
vehicles 16,496 206,201 16,496 – –
8. 風險管理（續）
（己） 資產證券化（續）
本集團之證券化風險敞口為本集團作為投資者並
由第三方投資經理人所管理之結構性投資工具。
該投資分類為於集團銀行賬中指定以公平值計量
且其變動計入損益的金融資產，並自2007年起被
評定為已減值。於2016年12月31日，按從投資
經理人獲得之報價，該投資以票面值之%
（2015年：%）的剩餘價值列賬。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報302
8. RISK MANAGEMENT (Continued)
(g) Equity exposures in banking book
The Group distinguishes its equity holdings between those taken for
strategic reasons and those taken for capital appreciation purposes
at inception of the acquisition. Equity holdings identified for capital
appreciation purpose is evaluated based on rigorous investment
analysis and is subject to internal guidelines on stock selection,
marketability, valuation, position limit, management action trigger,
and various other control guidelines. Listed equity holdings are valued
on the basis of market bid prices.
2016 2015
源自出售╱變賣之變現收益 Realised gains from sales/liquidations 30,843 –
未變現之重估收益 Unrealised revaluation gains
－已包含在儲備但 – Amount included in reserves but not
無確認於收益賬之數額 through income statement 95,964 123,415
(h) Interest rate risk exposures in banking book
貨幣
Currency
港元 美元 人民幣 其他 合計
2016年 2016 HK$ US$ CNY Others Total
利率風險衝擊 Interest rate risk shock
上升200點子 +200 basis points
－盈利增加╱（減少） – Increase/(decline)
in earnings 201,000 (176,000) 1,000 (49,000) (23,000)
貨幣
Currency
港元 美元 人民幣 其他 合計
2015年 2015 HK$ US$ CNY Others Total
利率風險衝擊 Interest rate risk shock
上升200點子 +200 basis points
－盈利增加╱（減少） – Increase/(decline)
in earnings 110,000 (156,000) (8,000) (42,000) (96,000)
8. 風險管理（續）
（庚） 銀行賬之股權風險
本集團於增購初始時區分權益投資為持作策略目
的或持作資本增值目的。認明為持作資本增值目
的之權益投資須經嚴謹之投資分析及須依循股票
挑選、市場流通性、估值、持盤限額和管理層行
動觸發額等之內部指引，及其他不同監控指引作
評估。所持權益投資按市場買價基準估值。
（辛） 銀行賬之利率風險
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 303
8. RISK MANAGEMENT (Continued)
(i) Operational risk
The Group manages its operational risk through a management
s t ructure compr is ing members of sen ior management , an
independent risk management team and operational risk officers
from each business and support function, and operating through a
set of operational risk policies, risk tool-kits, operational risk incident
reporting and tracking system, and control self-assessment and
key risk indicator tools. The Operational Risk and Internal Control
Committee (“ORICC”) has been set up to oversee the operational
risk management and internal control matters of the Group. ORICC is
chaired by the Chief Executive with certain Executive Directors and
senior management as members. Together with a well-established
internal control system, operational risk can be adequately identified,
assessed, monitored and mitigated. To allow the operational risk
framework to be clearly communicated to all levels within the Group,
awareness and training programs are conducted from time to time.
To minimise the impact on the Group’s business in the event of
system failure or disasters, back-up sites and operation recovery
policies and plans have been established and tested for all critical
business and operations functions.
Operational risk framework is also supported by periodic independent
reviews of internal control systems by external and internal auditors.
The Group’s RMCC have an overall oversight of the performance and
effectiveness of operational risk management.
(j) Reputation risk
The Group manages reputation risk through upholding a high
standard of corporate governance and management oversight,
maintenance of effective policies and procedures with emphasis
on internal control, risk management and compliance; anti-money
laundering and counter terrorist financing; proper staff training and
supervision; staff awareness of compliance issues; proper handling
of customer complaints or dissatisfaction; and adherence to sound
business practices. Standards are set and policies and procedures
are established by the Group in all areas, which operate to reduce
vulnerability to reputation risk.
8. 風險管理（續）
（壬） 操作風險
本集團透過一個管理架構管理操作風險，包括高
層管理人員，一獨立風險管理小組，及來自各業
務和支援部門之操作風險人員，並透過一系列操
作風險政策、風險工具箱、操作風險事件申報及
紀錄系統，及自我評估監控和主要風險指標工具
運作。操作風險及內部監控委員會（「操作風險及
內部監控委員會」）已設立，以監察本集團之操作
風險管理及內部監控事宜。操作風險及內部監控
委員會由行政總裁擔任主席並由若干執行董事及
高層管理人員組成。連同設立一個良好內部監控
系統，操作風險下均可充分地認明、評估、監控
及減低。為能向集團內各階層清晰地傳達該操作
風險架構，認知和訓練課程不時舉行。
為減低系統失靈或災難對本集團業務之影響，本
集團已設定備用場地、操作復元政策及計劃，並
對所有主要業務及支援部門進行測試。
外部及內部審核師亦定期對內部監控系統作獨立
審閱以支托操作風險架構。本集團之風險管理及
合規委員會全面監察操作風險管理之表現及有效
性。
（癸） 聲譽風險
本集團透過維持以下一系列措施管理聲譽風險：
以強調內部監控、風險管理和合規、打擊洗黑錢
及恐怖份子資金籌集的重要性來提升企業管治及
管理層監察達至高水平，以及維持有效政策及程
序；提供適當之員工培訓及監督；員工對合規事
項的認知；妥善處理客戶之投訴或不滿；以及沿
用穩當之商業慣例。本集團就所有範疇設定標準
並制訂政策及程序，以減低聲譽風險或受損之機
會。
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG（以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
大新銀行集團有限公司 2016年年報304
8. RISK MANAGEMENT (Continued)
(k) Strategic risk
The Board of Directors, assisted by senior management, is directly
responsible for the management of strategic risk. Directors formulate
the strategic goals and key direction of the Group in line with the
Group’s corporate mission, ensure business strategies are developed
to achieve these goals, oversee the strategic development and
implementation to secure compatibility with the Group’s strategic
goals, ensure proper change management is in place, review business
performance and address issues arising from anticipated operational
or market changes, deploy proper resources to achieve the Group’s
objectives, and authorise management to take appropriate actions to
mitigate risks.
(l) Compliance with the Basel III Capital Standards
Since the revised capital adequacy framework known as Basel II
has become effective from January 2007, DSB has adopted the
standardised approach for credit risk and market risk, and the
basic indicator approach for operational risk. These are the default
approaches as specified in the Banking (Capital) Rules. Accordingly,
the Group has overhauled its systems and controls in order to meet
the standards required for these approaches.
To implement the new international capital standards commonly
referred to as the “Basel III” rules, the HKMA had published the
Banking (Capital) (Amendment) Rules between 2012 and 2015, and
revised SPM CA-G-5 on “Supervisory Review Process” in 2012
and 2016. The revised capital standards and related regulatory
requirements have come into force for all locally incorporated
authorised institutions in Hong Kong starting from 1 January 2013.
DSB has enhanced its capital management and reporting framework
as well as disclosures for meeting the new requirements.
In addition to the implementation of the Banking (Capital) Rules under
the Basel III framework in Hong Kong, two new capital buffers, namely
the Capital Conservation Buffer and Countercyclical Capital Buffer,
designed to ensure that banks build up sufficient capital to withstand
periods of stress and system-wide risk associated with periods of
excessive aggregate credit growth, have commenced to phase in
since 1 January 2016. To align with the regulatory requirements,
DSB’s capital management framework has been enhanced to
incorporate the two capital buffers as elements in the setting of
internal capital targets for capital adequacy monitoring and capital
planning.
8. 風險管理（續）
（子） 策略性風險
董事會在高層管理人員之協助下直接負責管理策
略性風險。董事制訂與本集團企業使命一致之策
略性目標以及主要方針，確保制訂業務策略以實
踐該等目標。監督策略發展及執行以確保其與本
集團之策略性目標一致，確保設有適當之變更管
理，並檢討業務表現及應對來自預計中之操作或
市場變動，適當調配資源以達成本集團之目標，
以及授權管理層人員採取適當措施以減低風險。
（丑） 符合巴塞爾協定 III資本準則
自從經修訂之資本充足框架（即巴塞爾協定 II）於
2007年1月生效以後，大新銀行採納標準法計算
信貸風險及市場風險，及採納基本指標法計算操
作風險。此等均為《銀行業（資本）規則》內列明之
認可方法。據此，本集團已全面檢查其系統及管
理以符合該等方法要求之標準。
香港金管局於2012年至2015年間頒佈《銀行業
（資本）（修訂）規則》及於2012年及2016年就《監
管檢討程序》頒佈經修訂之《監管政策手冊》CA-
G-5，藉以實施新的國際資本準則，即一般所指之
「巴塞爾協定 III」規則。經修訂之資本準則及相關
監管規定自2013年1月1日起對香港本地註冊認
可機構生效。大新銀行已提升其資本管理及報告
框架和披露以符合新規定。
除根據巴塞爾協定 III框架在香港實施《銀行業（資
本）規則》外，兩項新緩衝資本，分別為防護緩衝
資本及反周期緩衝資本，旨在確保眾銀行設立充
裕資本以防禦整體信貸過度增長帶來關連之壓力
及系統性風險期，已於2016年1月1日起分階段
實施。為與監管規定一致，大新銀行已提升資本
管理框架，設定內部資本目標時加入兩項緩衝資
本為成份以監控資本充足度及作資本規劃。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG （以港幣千元位列示） (Expressed in thousands of Hong Kong dollars)
未經審核補充財務資料
UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 305
8. RISK MANAGEMENT (Continued)
(l) Compliance with the Basel III Capital Standards
(Continued)
To address the negative externalit ies posed by systemically
important institutions, the Basel Committee established a framework
in November 2011 (subsequently updated in July 2013) for the
identification of global systemically important banks (“G-SIBs”) and
the determination of their corresponding HLA capital requirements.
Subsequently, a principles-based framework for dealing with
domestic systemically important banks (“D-SIBs”) was issued by the
Basel Committee in October 2012. Based on the latest list of G-SIBs
and D-SIBs issued by the Financial Stability Board (“FSB”) and the
HKMA respectively, DSB is neither designated as a G-SIB nor D-SIB
and therefore not subject to further capital surcharge.
(m) Launch of new product or service
The launch of every new product or service is governed by the New
Product Approval process stipulated under the Group Risk Policy
which requires the relevant business and supporting units, including
GRD, to review the critical requirements, risk assessment and
resources plan before the launch. New products or services which
could have a significant impact on the Group’s risk profile should be
brought to the attention of the Board or its designated committee(s)
before the launch. The Group’s Internal Audit function performs
regular independent review and testing to ensure compliance by the
relevant units in the new product approval process.
(n) The role of Internal Audit
The Group’s Internal Audit Division is an independent, objective
assurance and consulting unit, which is designed to focus on
enhancing and sustaining sound internal control in all business and
operational units of the Group. The Division reports functionally to the
Group Audit Committee, which is chaired by an Independent Non-
Executive Director. The Division conducts a wide variety of internal
control activities such as compliance audits and operations and
systems reviews to ensure the integrity, efficiency and effectiveness
of the systems of control of the Group.
8. 風險管理（續）
（丑） 符合巴塞爾協定 III資本準則（續）
為應對系統重要性銀行帶來之外在負面因素，巴
塞爾委員會於2011年11月設定框架（其後於2013
年7月更新）以識別環球系統重要性銀行（「環球系
統重要性銀行」）及釐定其相關較高吸收虧損能力
之資本規定。繼後巴塞爾委員會於2012年10月頒
布處理本地系統重要性銀行（「本地系統重要性銀
行」）之原則性框架。根據金融穩定局（「金融穩定
局」）及香港金管局分別頒布之最新環球系統重要
性銀行及本地系統重要性銀行名冊，大新銀行並
沒有被指定為環球系統重要性銀行或本地系統重
要性銀行，故此亦無需接受進一步之額外資本要
求。
（寅） 推出新產品或服務
集團風險政策內之新產品審批程序對每個新產品
或服務之推出作出規定，要求有關業務部門及包
括集團風險部在內之支援部門在推出前必須審閱
關鍵的規定、風險評估及資源分配方案。倘新產
品或服務可能對本集團之風險面貌有重大影響，
則必須在推出前向董事會或其授權之委員會呈
報。本集團之內部審核處會進行定期的獨立審閱
及查核，以確保有關單位遵從新產品審批程序。
（卯） 內部審核處的角色
本集團之內部審核處是一個獨立、客觀及顧問性
質的部門，集中於改進和維持本集團業務及後勤
部門良好的內部控制。該處向一獨立非執行董事
所主持的集團審核委員會作出功能上的匯報。內
部審核處處理各類不同形式的內部控制活動，例
如合規性審計、操作和系統覆查以確保本集團控
制系統的完整性、效率和有效性。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
大新銀行集團有限公司 2016年年報306
TO THE SHAREHOLDERS OF DAH SING BANKING GROUP LIMITED
(Incorporated in Hong Kong with limited liability)
OPINION
What we have audited
The financial statements of Dah Sing Banking Group Limited (the
“Company”) and its subsidiaries (the “Group”) set out on pages 93 to
277, which comprise:
• the consolidated statement of financial position as at 31
December 2016;
• the consolidated income statement for the year then ended;
• the consolidated statement of comprehensive income for the
year then ended;
• the consolidated statement of changes in equity for the year
then ended;
• the consolidated statement of cash flows for the year then
ended; and
• the notes to the consolidated financial statements, which
include a summary of significant accounting policies.
Our opinion
In our opinion, the consolidated financial statements give a true and
fair view of the consolidated financial position of the Group as at 31
December 2016, and of its consolidated financial performance and
its consolidated cash flows for the year then ended in accordance
with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by
the Hong Kong Institute of Certified Public Accountants (“HKICPA”)
and have been properly prepared in compliance with the Hong Kong
Companies Ordinance.
致大新銀行集團有限公司股東
（於香港註冊成立的有限公司）
意見
我們已審計的內容
大新銀行集團有限公司（以下簡稱「貴公司」）及其
附屬公司（以下統稱「貴集團」）列載於第93至277
頁的綜合財務報表，包括：
• 於2016年12月31日的綜合財務狀況表；
• 截至該日止年度的綜合收益賬；
• 截至該日止年度的綜合全面收益表；
• 截至該日止年度的綜合權益變動表；
• 截至該日止年度的綜合現金流量結算表；
及
• 綜合財務報表附註，包括主要會計政策概
要。
我們的意見
我們認為，該等綜合財務報表已根據香港會計師
公會頒布的《香港財務報告準則》真實而中肯地反
映了貴集團於2016年12月31日的綜合財務狀況
及其截至該日止年度的綜合財務表現及綜合現金
流量，並已遵照香港《公司條例》妥為擬備。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 307
BASIS FOR OPINION
We conducted our audit in accordance with Hong Kong Standards on
Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under
those standards are further described in the Auditor’s Responsibilities
for the Audit of the Consolidated Financial Statements section of our
report.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Independence
We are independent of the Group in accordance with the HKICPA’s
Code of Ethics for Professional Accountants (“the Code”), and we
have fulfilled our other ethical responsibilities in accordance with the
Code.
KEY AUDIT MATTERS
Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the consolidated
financial statements of the current period. These matters were
addressed in the context of our audit of the consolidated financial
statements as a whole, and in forming our opinion thereon, and we do
not provide a separate opinion on these matters.
Key audit matters identified in our audit are summarized as follows:
• Impairment of loans and advances to customers
• Impairment assessment on investment in an associate, Bank of
Chongqing (“BOCQ”)
意見的基礎
我們已根據香港會計師公會頒布的《香港審計準
則》進行審計。我們在該等準則下承擔的責任已
在本報告「核數師就審計綜合財務報表承擔的責
任」部分中作進一步闡述。
我們相信，我們所獲得的審計憑證能充足及適當
地為我們的審計意見提供基礎。
獨立性
根據香港會計師公會頒佈的《專業會計師道德守
則》（以下簡稱「守則」），我們獨立於貴集團，並
已履行守則中的其他專業道德責任。
關鍵審計事項
關鍵審計事項是根據我們的專業判斷，認為對本
期綜合財務報表的審計最為重要的事項。這些事
項是在我們審計整體綜合財務報表及出具意見時
進行處理的。我們不會對這些事項提供單獨的意
見。
我們在審計中識別的關鍵審計事項概述如下：
• 客户貸款及墊款減值
• 投資於聯營公司重慶銀行之減值評估
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
大新銀行集團有限公司 2016年年報308
KEY AUDIT MATTERS (Continued)
Key Audit Matter How our audit addressed the Key Audit Matter
Impairment of loans and advances to customers
Refer to note 21 to the consol idated
financial statements
As at 31 December 2016, the Group
recorded loan impairment al lowance
of HK$855,755 thousand against the
total loan portfolio of HK$113,654,721
thousand, with HK$435,210 thousand
as indiv idual impairment al lowances
and HK$420,545 thousand as collective
impairment allowances.
Management assessed the impairment of
loans by considering the following:
• The identi f icat ion of impairment
events, which differs based upon the
type of lending product and location.
Judgement is required to determine
whether a loss has been incurred.
• The measurement of impairment,
including the assessment of whether
historical experience is appropriate
when assessing the probability of
default in the portfolio.
• The parameters and assumptions
u s e d t o c a l c u l a t e i m p a i r m e n t
including the valuation of collateral
for secured lending and the impact of
economic factors to the credit quality
of the loan portfolio.
Loan impairment allowances is an audit
focus due to the materiality of the balances
and the underlying calculations are subject
to significant judgement of management.
We understood and tested key controls in relation
to:
• the accuracy and completeness of the
transfer of loan data, including outstanding
loan balances and loan loss data, between
u n d e r l y i n g s o u r c e s y s t e m s a n d t h e
impairment models that the Group used;
• the post-lending ongoing monitoring controls
in place to detect the occurrence of the
impairment events; and
• the management’s impairment assessment
and estimation processes, including the
assessment of the impairment models and
calculation of impairment allowances based
on the loan data and impairment events
identified in a way which is appropriate for
addressing the credit risk of the Group’s loan
portfolio.
In addition to testing the key controls, we have
also performed the following procedures:
• We assessed the criteria for determining
whether an impairment event had occurred
and the relevant impact on the estimated
impairment allowances.
• To corroborate with the management’s
identification of the impairment events,
we selected samples of performing loans
wi th character is t ics ind icat ing h igher
risk of impairment event occurrence as
well as non-performing loans. To identify
such cha rac te r i s t i cs , we pe r fo rmed,
included but not l imited to, analysis on
non-performing loans; business risks on
industries; and geographical locations of
borrowers, in particular, Mainland China
corporate exposures. On those samples,
we independent l y assessed whethe r
impairment events had occurred and tested
the appropr iateness and adequacy of
impairment allowances.
關鍵審計事項（續）
關鍵審計事項 我們的審計如何處理關鍵審計事項
客户貸款及墊款減值
請參閱綜 合 財 務 報 表 附 註
21。
於 2 0 1 6 年 1 2 月 3 1 日 ，
貴 集 團 就 貸 款 組 合 總 額
113,654,721千港元，確認
貸款減值準備855,755千港
元， 其 中 個 別 減 值 準 備 為
435,210千港元，綜合減值
準備為 420,545千港元。
管理層為貸款減值進行評估
時已考慮以下因素：
• 對 減 值 事 件 的 識 別，
這會因應貸款產品的
類型和地點而有所不
同。 釐 定 某 項 損 失 是
否已經發生時需要運
用判斷。
• 減 值 的 計 量， 包 括 評
估對估算貸款組合違
約概率的過往記錄是
否適當。
• 計算減值時所用之參
數 和 假 設， 包 括 擔 保
貸 款 的 抵 押 品 之 估
值， 以 及 經 濟 因 素 對
貸款組合信貸質量的
影響。
貸款減 值 準 備 作 為 審 計 重
點，是由於客戶貸款結欠重
大，以及相關減值的計算涉
及管理層的重要判斷。
我們了解並測試了與下列相關的監
控措施：
• 貸款數據（包括貸款未償還結
餘及貸款虧損數據）在相關源
系統與減值計量模型間轉移的
準確性和完整性；
• 現有用作檢測減值事件發生的
貸款後持續監督控制；以及
• 管理層對貸款組合進行的減值
評估和估算過程，包括根據貸
款數據及識別的減值事件，評
估減值模型和減值準備的計
算。
除了測試監控措施外，我們亦已執
行以下程序：
• 我們評估了管理層釐定發生減
值事件之標準及減值事件對估
計減值準備的影響。
• 為了佐證管理層對減值事件的
識別，我們選取了顯示有較高
減值風險特徵的履行貸款以及
不履行貸款作為樣本。為識別
此等特徵，我們執行的程序包
括但不限於：分析不履行貸
款；行業經營風險；以及借款
人的所在地，尤其是中國內地
的企業風險。對於此等樣本，
我們獨立評估了減值事件的發
生，並測試了減值準備是否適
當和充分。
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獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 309
KEY AUDIT MATTERS (Continued)
Key Audit Matter How our audit addressed the Key Audit Matter
Impairment of loans and advances to customers (Continued)
• For a sample of individually impaired loans
we understood the latest developments at
the borrowers and the basis of measuring
the impairment allowance and considered
whether key management judgments
were appropriate given the borrowers’
c i rcumstances. We also re-performed
management’s impairment calculat ion
and tested key inputs to the impairment
calculation including valuation of collateral
held and estimated future cash flow from
borrowers.
• For the collective impairment allowances,
which re f lec ts and addresses losses
incurred but not yet identified, we sample
tested the accuracy and completeness of
the underlying loan information used in
the impairment models by agreeing data
to the Group’s loan systems as well as re-
performing the calculation of the impairment
allowances. For the key assumptions applied
in the models, we challenged management
regarding the appropriateness by applying
our industry knowledge and benchmarking
with peer banks historical data.
For individual impairment allowances, we found no
material exceptions from our testing. For collective
impai rment a l lowances, we found the key
assumptions and inputs used in the impairment
models were reasonable and in line with our
industry knowledge and market information.
關鍵審計事項（續）
關鍵審計事項 我們的審計如何處理關鍵審計事項
客户貸款及墊款減值（續）
• 就個別減值貸款的樣本，我們
了解了借款人的最新發展和減
值準備計量的基礎，並根據借
款人的情況考慮了管理層的關
鍵判斷是否適當。我們亦已重
新計算管理層的減值計算，並
測試了減值計算所用的關鍵輸
入值，包括所持抵押品的估值
及可從借款人取得的估計未來
現金流量。
• 對於綜合減值準備（反映並針
對已發生但未識別之虧損），
我們以抽樣方式通過核對減值
模型所用的貸款數據與貴集團
貸款系統信息的一致性，以及
重新計算減值準備的計算，從
而測試相關貸款信息的準確性
和完整性。我們運用我們的行
業知識以及對比銀行同業歷史
數據的基準，質疑了管理層
在模型中所用關鍵假設的適當
性。
對於個別減值準備，基於我們的測
試，我們並無發現任何重大例外情
況。對於綜合減值準備，我們發現
減值模型所用關鍵假設和數據輸入
是合理的，並與行業和市場信息相
符。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
大新銀行集團有限公司 2016年年報310
KEY AUDIT MATTERS (Continued)
Key Audit Matter How our audit addressed the Key Audit Matter
Impairment assessment on investment in an associate, Bank of Chongqing (“ BOCQ”)
Refer to note 24 to the consol idated
financial statements
The Group’s investment in BOCQ is
accounted for as an associate, using the
equity method. The Group has recorded
the investment in BOCQ of HK$4,253,393
thousand as at 31 December 2016.
Management identified the carrying value
of the investment is higher than the market
va lue of BOCQ which is considered
an indicator of potential impairment.
Management performed an impairment
assessment and has assessed that the
recoverable amount of investment in
BOCQ was higher than its carrying value
and concluded that there is no impairment.
The recoverable amount was measured as
value-in-use (“VIU”) estimate calculated by
discounted cash flow model (“DCF”).
We focused on impairment assessment
on investment in BOCQ because of
t he ma te r i a l i t y o f t he ba l ance and
t h e D C F m o d e l s i n v o l v e d h i g h l y
subjective management judgements and
assumptions.
We assessed the DCF model used by the
management and examined the impairment
assessment performed by management which
set out the basis for their judgements and
assumptions with relevant supporting evidence
including historical market data. We used our
understanding of BOCQ (with reference to external
market information, third-party sources, including
analyst reports, and publicly available BOCQ
information) and the Chinese banking industry to
challenge and assess the reasonableness of the
key assumptions applied, including the discount
rate, profit growth rate and terminal value.
We a lso performed sensi t iv i ty analys is on
the VIU estimates to evaluate how sensitive
management’s assessment is to the change of
different inputs of key assumptions individually
and collectively in different scenarios.
Based on the procedures we performed, we found
that the VIU estimated by management was within
a reasonable range.
關鍵審計事項（續）
關鍵審計事項 我們的審計如何處理關鍵審計事項
投資於聯營公司重慶銀行之減值評估
請參閱綜 合 財 務 報 表 附 註
24。
貴集團在重慶銀行之投資是
按權益法列賬為聯營公司。
於2016年12月31日，貴集
團對重慶銀行所作的投資入
賬金額為4,253,393千港元。
鑒於重慶銀行的賬面值高於
其上市市值，管理層視為潛
在減值的一項指標。管理層
進行了減值測試，並評定重
慶銀行投資的可收回金額高
於其賬面值，因此認為沒有
減值。可收回金額是以貼現
現金流量模型來估算其使用
價值。
重慶銀行投資的減值評估作
為審計重點，是由於該項投
資結餘重大，以及貼現現金
流量模型涉及管理層高度主
觀判斷和假設。
我們對管理層所用的貼現現金流量
模型作出評估，並查閱了管理層所
進行之減值評估，包括評估中管理
層所使用的資料（包括歷史市場數
據），判斷其是否為管理層的判斷和
假設提供確證的基礎。根據我們對
重慶銀行（參考了外部市場信息、第
三方來源（包括分析員報告）及公開
可得的重慶銀行信息）以及中國銀行
業的認識，我們對模型中所用的關
鍵假設（包括貼現率、利潤增長率以
及最終價值）之合理性作出評估及提
出質疑。
我們亦針對使用價值的估計執行了
個別和綜合敏感度分析，以評價管
理層評估在不同的情景下，關鍵假
設的不同輸入值的變更的敏感性。
根據我們已執行的程序，我們發現
管理層對使用價值的估計在合理範
圍內。
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獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 311
OTHER INFORMATION
The directors of the Company are responsible for the other
information. The other information comprises all of the information
included in the annual report other than the consolidated financial
statements and our auditor’s report thereon.
Our opinion on the consolidated financial statements does not cover
the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the consolidated financial statements,
our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with
the consolidated financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is
a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
R E S P O N S I B I L I T I E S O F D I R E C T O R S F O R T H E
CONSOLIDATED FINANCIAL STATEMENTS
The directors of the Company are responsible for the preparation of
the consolidated financial statements that give a true and fair view in
accordance with HKFRSs issued by the HKICPA and the Hong Kong
Companies Ordinance, and for such internal control as the directors
determine is necessary to enable the preparation of consolidated
financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the consolidated financial statements, the directors are
responsible for assessing the Group’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless the directors
either intend to liquidate the Group or to cease operations, or have no
realistic alternative but to do so.
The Audit Committee assists the directors in discharging their
responsibilities for overseeing the Group financial reporting process.
其他信息
貴公司董事須對其他信息負責。其他信息包括年
報內的所有信息，但不包括綜合財務報表及我們
的核數師報告。
我們對綜合財務報表的意見並不涵蓋其他信息，
我們亦不對該等其他信息發表任何形式的鑒證結
論。
結合我們對綜合財務報表的審計，我們的責任是
閱讀其他信息，在此過程中，考慮其他信息是否
與綜合財務報表或我們在審計過程中所了解的情
況存在重大抵觸或者似乎存在重大錯誤陳述的情
況。
基於我們已執行的工作，如果我們認為其他信息
存在重大錯誤陳述，我們需要報告該事實。在這
方面，我們沒有任何報告。
董事就綜合財務報表須承擔的責任
貴公司董事須負責根據香港會計師公會頒布的
《香港財務報告準則》及香港《公司條例》擬備真實
而中肯的綜合財務報表，並對其認為為使綜合財
務報表的擬備不存在由於欺詐或錯誤而導致的重
大錯誤陳述所需的內部控制負責。
在擬備綜合財務報表時，董事負責評估貴集團持
續經營的能力，並在適用情況下披露與持續經營
有關的事項，以及使用持續經營為會計基礎，除
非董事有意將貴集團清盤或停止經營，或別無其
他實際的替代方案。
審核委員會協助董事履行其監督貴集團財務報告
過程的職責。
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
大新銀行集團有限公司 2016年年報312
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE
CONSOLIDATED FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether
the consolidated financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue
an auditor’s report that includes our opinion. We report our opinion
solely to you, as a body, in accordance with Section 405 of the Hong
Kong Companies Ordinance and for no other purpose. We do not
assume responsibility towards or accept liability to any other person
for the contents of this report. Reasonable assurance is a high level
of assurance, but is not a guarantee that an audit conducted in
accordance with HKSAs will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users
taken on the basis of these consolidated financial statements.
As part of an audit in accordance with HKSAs, we exercise
professional judgment and maintain professional scepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the
financial statements, whether due to fraud or error, design
and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of
internal control.
• Obtain an understanding of internal control relevant to the audit
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Group’s internal control.
• Evaluate the appropriateness of accounting policies used
and the reasonableness of accounting estimates and related
disclosures made by the directors.
核數師就審計綜合財務報表須承擔的責任
我們的目標，是對綜合財務報表整體是否不存在
由於欺詐或錯誤而導致的重大錯誤陳述取得合理
保證，並出具包括我們意見的核數師報告。我們
僅向閣下（作為整體）按照香港《公司條例》第405
條報告，除此之外本報告別無其他目的。我們不
會就本報告的內容向任何其他人士負上或承擔任
何責任。合理保證是高水平的保證，但不能保證
按照《香港審計準則》進行的審計在某一重大錯
誤陳述存在時總能發現。錯誤陳述可以由欺詐或
錯誤引起，如果合理預期它們單獨或滙總起來可
能影響綜合財務報表使用者依賴綜合財務報表所
作出的經濟決定，則有關的錯誤陳述可被視作重
大。
在根據《香港審計準則》進行審計的過程中，我
們運用了專業判斷，保持了專業懷疑態度。我們
亦：
• 識別和評估由於欺詐或錯誤而導致綜合財
務報表存在重大錯誤陳述的風險，設計及
執行審計程序以應對這些風險，以及獲取
充足和適當的審計憑證，作為我們意見的
基礎。由於欺詐可能涉及串謀、偽造、蓄
意遺漏、虛假陳述，或凌駕於內部控制之
上，因此未能發現因欺詐而導致的重大錯
誤陳述的風險高於未能發現因錯誤而導致
的重大錯誤陳述的風險。
• 了解與審計相關的內部控制，以設計適當
的審計程序，但目的並非對貴集團內部控
制的有效性發表意見。
• 評價董事所採用會計政策的恰當性及作出
會計估計和相關披露的合理性。
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獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 313
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE
CONSOLIDATED FINANCIAL STATEMENTS (Continued)
• Conclude on the appropriateness of the directors’ use of the
going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related
to events or conditions that may cast significant doubt on the
Group’s ability to continue as a going concern. If we conclude
that a material uncertainty exists, we are required to draw
attention in our auditor’s report to the related disclosures in the
consolidated financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor’s
report. However, future events or conditions may cause the
Group to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the
consolidated financial statements, including the disclosures,
and whether the consolidated financial statements represent the
underlying transactions and events in a manner that achieves
fair presentation.
• Obtain sufficient appropriate audit evidence regarding the
financial information of the entities or business activities within
the Group to express an opinion on the consolidated financial
statements. We are responsible for the direction, supervision
and performance of the group audit. We remain solely
responsible for our audit opinion.
We communicate with the Audit Committee regarding, among other
matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control
that we identify during our audit.
We also provide the Audit Committee with a statement that we have
complied with relevant ethical requirements regarding independence,
and to communicate with them all relationships and other matters that
may reasonably be thought to bear on our independence, and where
applicable, related safeguards.
核數師就審計綜合財務報表須承擔的責任
（續）
• 對董事採用持續經營會計基礎的恰當性作
出結論。根據所獲取的審計憑證，確定是
否存在與事項或情況有關的重大不確定
性，從而可能導致對貴集團的持續經營能
力產生重大疑慮。如果我們認為存在重大
不確定性，則有必要在核數師報告中提請
使用者注意綜合財務報表中的相關披露。
假若有關的披露不足，則我們應當發表非
無保留意見。我們的結論是基於核數師報
告日止所取得的審計憑證。然而，未來事
項或情況可能導致貴集團不能持續經營。
• 評價綜合財務報表的整體列報方式、結構
和內容，包括披露，以及綜合財務報表是
否中肯反映交易和事項。
• 就貴集團內實體或業務活動的財務信息獲
取充足、適當的審計憑證，以便對綜合財
務報表發表意見。我們負責貴集團審計的
方向、監督及執行。我們為審計意見承擔
全部責任。
除其他事項外，我們與審核委員會溝通了計劃的
審計範圍、時間安排、重大審計發現等，包括我
們在審計中識別出內部控制的任何重大缺陷。
我們還向審核委員會提交聲明，說明我們已符合
有關獨立性的相關專業道德要求，並與他們溝通
有可能合理地被認為會影響我們獨立性的所有關
係和其他事項，以及在適用的情況下，相關的防
範措施。
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獨立核數師報告
INDEPENDENT AUDITOR'S REPORT
大新銀行集團有限公司 2016年年報314
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE
CONSOLIDATED FINANCIAL STATEMENTS (Continued)
From the matters communicated with the Audit Committee, we
determine those matters that were of most significance in the audit
of the consolidated financial statements of the current period and
are therefore the key audit matters. We describe these matters in our
auditor’s report unless law or regulation precludes public disclosure
about the matter or when, in extremely rare circumstances, we
determine that a matter should not be communicated in our report
because the adverse consequences of doing so would reasonably
be expected to outweigh the public interest benefits of such
communication.
The engagement partner on the audit resulting in this independent
auditor’s report is Cheng Sin Bun, Benson.
PricewaterhouseCoopers
Certified Public Accountants
Hong Kong, 22 March 2017
核數師就審計綜合財務報表須承擔的責任
（續）
從與審核委員會溝通的事項中，我們確定哪些事
項對本期綜合財務報表的審計最為重要，因而構
成關鍵審計事項。我們在核數師報告中描述這些
事項，除非法律法規不允許公開披露這些事項，
或在極端罕見的情況下，如果合理預期在我們報
告中溝通某事項造成的負面後果超過產生的公眾
利益，我們決定不應在報告中溝通該事項。
出具本獨立核數師報告的審計項目合夥人是鄭善
斌。
羅兵咸永道會計師事務所
執業會計師
香港，2017年3月22日
主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 315
分行 Branch 地址 Address 電話 Tel 傳真 Fax
大新銀行有限公司
Dah Sing Bank, Limited
香港島分行
Hong Kong Island Branches
香港仔分行
Aberdeen
香港仔湖北街20號
20 Wu Pak Street, Aberdeen 2554 5463 2554 0843
金鐘海富中心分行
Admiralty Centre
夏愨道18號海富中心商場一樓10號舖
Shop No. 10, 1st Floor of the Podium, Admiralty Centre,
No. 18 Harcourt Road
2529 1338 3110 2818
銅鑼灣分行
Causeway Bay
銅鑼灣軒尼詩道482號
482 Hennessy Road, Causeway Bay 2891 2201 2591 6037
中區分行
Central
德輔道中19號環球大廈地下A 號舖
Shop A, G/F, Worldwide House, 19 Des Voeux Road Central 2521 8134 2526 9427
炮台山分行
Fortress Hill
英皇道293-299號璇宮大廈地下15-22號舖及地庫
Shop -22, G/F and basement, Empire Apartments,
Nos. 293-299 King’s Road
2922 3389 2887 7604
告士打道分行
Gloucester Road
告士打道108號大新金融中心地下B號舖
Shop B, G/F, Dah Sing Financial Centre, 108 Gloucester Road 2507 8866 2507 8654
跑馬地分行
Happy Valley
跑馬地毓秀街13號金毓大廈地下A 號舖
Shop A, G/F, Kam Yuk Mansion, No. 13 Yuk Sau Street,
Happy Valley
2572 0708 2572 0718
杏花邨分行
Heng Fa Chuen
柴灣盛泰街100號杏花邨杏花新城地下G59號
Unit G59, G/F, Heng Fa Chuen Paradise Mall, 100 Shing
Tai Road, Chaiwan
2558 7485 2889 2520
莊士敦道分行
Johnston Road
灣仔莊士敦道164號
164, Johnston Road, Wanchai 2572 8849 2891 3743
堅尼地城分行
Kennedy Town
士美菲路12號文光閣地下A2號舖及1樓A 室
Shop A2, G/F, & Unit A, 1/F, Man Kwong Court, 12 Smithfield Road 2849 2280 2960 0790
北角分行
North Point
英皇道433-437號珠璣大廈
Chu Kee Building, 433-437 King’s Road 2561 8241 2811 4474
筲箕灣分行
Shaukiwan
筲箕灣道57-87號太安樓地下G8號舖
Shop G8, G/F, Tai On Building, 57-87 Shaukiwan Road 2568 5271 2567 5904
石塘咀分行
Shek Tong Tsui
皇后大道西443-453號地下15-16號舖
Shop No. 15-16, G/F, 443-453 Queen’s Road West 2857 7473 2108 4539
上環分行
Sheung Wan
上環德輔道中288號易通商業大廈地下B2號舖連一樓B室
G/F & 1/F, No. 288 Des Voeux Road Central, Sheung Wan 2851 6281 2581 2216
太古城分行
Taikoo Shing
太古城太裕路1號安盛台地下501號舖
Shop No. G501, On Shing Terrace, No. 28 Taikoo Shing
Road & No. 1-9 Tai Yue Avenue, Taikoo Shing
2884 4802 2884 3151
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主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
大新銀行集團有限公司 2016年年報316
分行 Branch 地址 Address 電話 Tel 傳真 Fax
大新銀行有限公司
Dah Sing Bank, Limited
九龍區分行
Kowloon Branches
成業街分行
Shing Yip Street
觀塘成業街10號地下A舖
Shop A, G/F, 10 Shing Yip Street, Kwun Tong 2191 8103 2191 8723
紅磡分行
Hunghom
紅磡蕪湖街28號昌隆閣地下3及4號舖1樓2號舖及2樓3號舖
Shop No. 3 and 4 on G/F, Shop No. 2 on 1/F and Shop
No. 3 on 2/F, Cheron Court, 28 Wuhu Street, Hunghom
2365 8110 2363 5917
佐敦分行
Jordan
佐敦彌敦道335號
335 Nathan Road, Jordan 2385 0161 2782 0993
觀塘分行
Kwun Tong
觀塘康寧道45號宜安中心地下7-9號舖
Shop Nos. 7-9, G/F, Yee On Centre, 45 Hong Ning Road,
Kwun Tong
2389 3911 2389 8239
樂富分行
Lok Fu
橫頭磡樂富廣場一樓1101至1102號舖
Shop Nos. 1101 and 1102, 1/F, Lok Fu Plaza, Wang Tau Hom 2337 6300 2337 6922
美孚新邨分行
Mei Foo Sun
Chuen
美孚新邨五期蘭秀道10A地下N26E及F號舖
Shop No. N26E & F, G/F, 10A Nassau Street, Stage V,
Mei Foo Sun Chuen
2370 2660 2370 2006
旺角分行
Mongkok
旺角彌敦道697號
697 Nathan Road, Mongkok 2394 4261 2391 9104
深水埗分行
Shamshuipo
深水埗福榮街124號地下
G/F, 124 Fuk Wing Street, Shamshuipo 2361 0951 2958 0985
德福花園分行
Telford Gardens
九龍灣德福廣場一期二樓F5A-F6A 號
Units F5A-F6A, Level 2, Telford Plaza I, Kowloon Bay 2927 4130 2755 4967
土瓜灣分行
Tokwawan
土瓜灣道245B及247號美景樓第2期地下
G/F, Mei King Mansion, Phase II, No. 245B and 247 Tokwawan Road 2365 9035 2363 5696
將軍澳分行
Tseung Kwan O
將軍澳唐俊街9號PopCorn商場地下層G58號商舖
Shop G58, G/F, PopCorn, 9 Tong Chun Street, Tseung Kwan O 2752 1223 2752 1098
將軍澳
新都城中心分行
Tseung Kwan O
Metro City Plaza
將軍澳新都城中心第三期一樓127號舖
Shop 127, Level 1, Metro City Plaza III, Tseung Kwan O 2927 2101 2702 2305
尖沙咀分行
Tsimshatsui
尖沙咀彌敦道66-70號金冠大廈
Golden Crown Court, 66-70 Nathan Road, Tsimshatsui 2366 9121 2311 1491
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 317
分行 Branch 地址 Address 電話 Tel 傳真 Fax
大新銀行有限公司
Dah Sing Bank, Limited
九龍區分行
Kowloon Branches
黃大仙分行
Wong Tai Sin
黃大仙正德街103號黃大仙中心地下G3C 號舖
Shop No. G3C, Ground Floor, Wong Tai Sin Plaza, Wong Tai Sin 2326 5165 2350 0894
油麻地分行
Yaumatei
油麻地彌敦道561號
561 Nathan Road, Yaumatei 2782 1339 2385 9285
新界區分行
New Territories Branches
葵芳分行
Kwai Fong
葵涌興芳路177號葵芳邨葵芳廣場1樓116號
Shop No. 116, First Floor, Kwai Fong Plaza, Kwai Fong Estate,
177 Hing Fong Road, Kwai Chung
2487 8033 2489 1253
馬鞍山廣場分行
Ma On Shan Plaza
馬鞍山西沙路608號馬鞍山廣場三樓335號舖
Shop 335 on Level 3, Ma On Shan Plaza, 608 Sai Sha Road,
Ma On Shan
2929 4137 2633 3432
青衣城分行
Maritime Square
青衣青敬路33號青衣城108 D-E號舖
Shop 108 D-E, Maritime Square, 33 Tsing King Road, Tsing Yi 2435 1368 2435 1582
海趣坊分行
Ocean Walk
屯門湖翠路168-236號海趣坊11及93-95號舖
Shop 11 and 93-95, Ocean Walk, 168-236 Wu Chui Road, Tuen Mun 2404 6931 2404 7130
沙田分行
Shatin
沙田好運中心地下9號舖
Shop 9, G/F, Lucky Plaza, Shatin 2606 3533 2601 2413
沙咀道分行
Sha Tsui Road
荃灣沙咀道286-288號地下
G/F, Nos. 286-288 Sha Tsui Road, Tsuen Wan 2615 1510 2615 1099
上水分行
Sheung Shui
上水新豐路55-59號兆啟樓地下B號舖
Shop B, G/F, Siu Kai House, 55-59 San Fung Avenue, Sheung Shui 2671 5030 2672 1533
大埔分行
Tai Po
大埔安泰路1號大埔廣場地下53號及54號舖
Units 53-54 on Level 1, Tai Po Plaza, On Tai Road, Tai Po 2667 2588 2664 3637
大圍分行
Tai Wai
沙田大圍道55-56號積輝街 14-18號金禧花園地下1及2號舖
Shops 1 and 2 on Ground Floor, Grandeur Garden,
14-18 Chik Fai Street, 55-56 Tai Wai Road, Shatin
2691 1272 2606 1531
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
大新銀行集團有限公司 2016年年報318
分行 Branch 地址 Address 電話 Tel 傳真 Fax
大新銀行有限公司
Dah Sing Bank, Limited
新界區分行
New Territories Branches
天水圍分行
Tin Shui Wai
元朗天水圍天靖街3號天盛苑天盛商場1樓 L120 號舖
Shop No. L120, First Floor, Tin Shing Shopping Centre,
Tin Shing Court, 3 Tin Ching Street, Tin Shui Wai, Yuen Long
2448 9008 2448 9112
荃灣分行
Tsuen Wan
荃灣大河道14-16號登發大廈
Dang Fat Mansion, 14-16 Tai Ho Road, Tsuen Wan 2492 8102 2415 0984
屯門分行
Tuen Mun
屯門鄉事會道52-62號萬祥樓地下4號及5號舖
Shops 4 and 5 on G/F, Man Cheung Mansion,
52-62 Tuen Mun Heung Sze Wui Road
2441 6218 2441 6613
東涌分行
Tung Chung
大嶼山東涌慶東街1號東堤灣畔地下23號舖
Shop 23, G/F, Tung Chung Crescent, 1 Hing Tung Street,
Tung Chung, Lantau Island
2109 3484 2109 4353
粉嶺分行
Fanling
粉嶺百和路88號花都廣場地下A11-A14 及110-112 號舖
Shop Nos. A11-A14 and 110-112, Ground Floor, Flora Plaza,
No. 88 Pak Wo Road, Fanling
2677 8830 2669 9950
元朗青山道分行
Yuen Long Castle
Peak Road
元朗青山公路元朗段162-168號聯昇樓地下C 號舖
Shop C, G/F, Len Shing Mansion, 162-168 Castle Peak Road,
Yuen Long
2479 4555 2479 4522
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
DAH SING BANKING GROUP LIMITED ANNUAL REPORT 2016 319
分行 Branch 地址 Address 電話 Tel
澳門商業銀行股份有限公司
Banco Comercial de Macau, .
澳門分行
Macau Branches
南灣總行
Main Branch
南灣大馬路572號
Avenida da Praia Grande, No. 572 (853) 8791 0000
提督分行
Almirante Lacerda
罅些喇提督大馬路43號B
Avenida Almirante Lacerda, No. 43B (853) 2831 6191
黑沙環分行
Areia Preta
黑沙環馬場海邊大馬路30-30E號
Estrada Marginal do Hipódromo, Nos. 30-30E (853) 2837 8262
建華分行
Kin Wa
黑沙環海邊馬路建華新邨第13 座地下A 舖
Estrada Marginal da Areia Preta, S/N,
Edf. Kin Wa, Bloco 13, R/C, Loja A
(853) 2845 0759
營地街分行
Mercadores
營地大街40-42號A地下
Rua dos Mercadores, Nos. 40-42, R/C A (853) 2857 2610
皇朝分行
Nape
宋玉生廣場315-363號獲多利中心地下O 舖
Alameda Dr. Carlos D’ Assumpção, Nos. 315-363,
Edificio “Hot Line”, R/C, Loja “O”
(853) 2872 2515
賣草地分行
Palha
賣草地街4-6號
Rua da Palha, Nos. 4-6 (853) 2837 3762
司打口分行
Ponte e Horta
司打口29號
Praça Ponte e Horta, No. 29 (853) 2837 8704
沙梨頭分行
Ribeira do Patane
巴素打爾古街402號
Rua do Visconde Paço d’Arcos, No. 402, R/C (853) 2895 2942
台山分行
Toi San
台山巴波沙坊第十一街新城市花園第18座 “CC”舖
Rua Onze Bairro Tamagnini Barbosa, S/N,
Jardim Cidade Nova, Bloco 18, R/C Loja “CC”
(853) 2823 8483
高地烏街分行
Pedro Coutinho
高地烏街25號D金鑾閣地下B舖
Rua de Pedro Coutinho No. 25D, Queens Court, Loja B, R/C (853) 2821 6523
氹仔分行
Taipa Branches
太子花城分行
Prince Flower City
氹仔埃武拉街太子花城 — 麗新閣地下 I舖
Rua de Évora, Prince Flower City, Lai San Kok, R/C I, Taipa (853) 2884 2788
德福分行
Tak Fok
氹仔廣東大馬路德福海景花園F舖
Avenida de Kwong Tung, S/N, Edifício Tak Fok Seaview Garden,
R/C, Loja F, Taipa
(853) 2882 1308
路環分行
Coloane Branch
路環分行
Coloane
路環屠場前地9號D
Largo do Matadouro, No. 9-D, Coloane (853) 2888 2374
DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG DSBG
主要附屬銀行－分行分佈表
MAJOR BANKING SUBSIDIARIES – LISTS OF BRANCHES
大新銀行集團有限公司 2016年年報320
分行 Branch 地址 Address 電話 Tel
大新銀行（中國）有限公司
Dah Sing Bank (China) Limited
總行
Head Office
深圳市羅湖區深南東路5047號平安銀行大廈16樓
16/F, Ping An Bank Building, 5047 Shennan Dong Road,
Luo Hu District, Shenzhen
(86-755) 2519 9033
深圳前海支行
Shenzhen qianhai
Sub-Branch
深圳市南山區蛇口工業七路卓越維港名苑（北區）4-7 棟裙樓123
Shop 123, Building 4-7, Zhuo Yue Wei Gang (North), Industrial
Road 7, Shekou, Nan Shan District, Shenzhen
(86-755) 2238 5500
廣州分行
Guangzhou
廣東省廣州市越秀區人民北路604-2號大新銀行大樓1層和
2層01單元
Unit 01, 1/F-2/F, Dah Sing Bank Building, 604-2,
North Renmin Road, Yue Xiu District, Guangzhou, Guangdong
(86-20) 8116 0888
上海分行
Shanghai
上海市徐滙區漕溪北路86號1層B室
Room B, 1/F, 86 North Cao Xi Road, Xu Hui District, Shanghai (86-21) 2411 3388
南昌分行
Nanchang
江西省南昌市東湖區叠山路136號1-2層
1/F-2/F, 136 Dieshan Road, East Lake District, Nanchang, Jiangxi (86-791) 8688 7333
鎮江分行
Zhenjiang
江蘇省鎮江市京口區解放路59號
59 Jiefang Road, Jing Kou District, Zhenjiang, Jiangsu (86-511) 8530 9999
佛山支行
Foshan Sub-Branch
廣東省佛山市南海區桂城錦園路8號中海萬錦豪園紫荊
1座111舖、120舖
Shop 111, Shop 120, No. 1 Bauhinia Building,
Starcrest, 8 Jinyuan Road, Guicheng,
Nanhai District, Foshan, Guangdong
(86-757) 8513 3555
Dah Sing Bank 70th Anniversary
大新銀行70週年
封面
目錄
財務概要
組織摘要
董事及高層管理人員簡介
主席報告書
董事總經理兼行政總裁報告書
業務回顧
企業管治報告
環境、社會及管治報告
董事會報告書
附屬公司董事
綜合收益賬
綜合全面收益表
綜合財務狀況表
綜合權益變動表
綜合現金流量結算表
財務報表附註
未經審核補充財務資料
獨立核數師報告
主要附屬銀行－分行分佈表
封底
