Loan Portfolio and Interest Rates - As of December 31, 2021, the loan portfolio amounts ranged from approximately HKD 700,000 to HKD 22,000,000, with an annual interest rate for secured and unsecured loans between 8.0% and 10.0%[6]. - All loans granted are non-revolving loans with terms ranging from 3 months to 1 year[6]. - The company focuses on providing secured and unsecured loans to a diverse range of clients, primarily sourced from existing customers[2]. Credit Risk Management - The expected credit loss and impairment loss recognized for accounts receivable and interest amounted to approximately HKD 23,900,000 and HKD 18,100,000 respectively for the year ended December 31, 2021[7]. - The largest borrower and the top five borrowers accounted for approximately HKD 22,699,000 and HKD 103,379,000 of accounts receivable, representing about 10% and 44% of the total accounts receivable respectively[6]. - The company has implemented a monthly aging analysis of borrowers to closely monitor credit risk and ensure timely follow-up on loan repayments[5]. - Independent credit assessments are conducted prior to loan disbursement to evaluate the credit quality of potential borrowers[3]. - The company has engaged independent professional valuers to assess the impairment of accounts receivable and interest, considering factors such as default probability and loss rates[7]. Overdue Payment Management - The company has established standardized procedures for handling overdue payments, including reminders and potential legal action for debts overdue by 6 months[5]. - The company will continue to closely monitor the loan portfolio and implement risk control strategies in light of ongoing economic challenges[7].
财讯传媒(00205) - 2022 Q3 - 季度财报