PMSA Annual Report 2024-25

141 Annual Report 2024-25 Property Management Services Authority 行政總裁報告 Chief Executive Officer’s Report 財務報告 Financial Highlights 年度概覽 Highlights of the Year 年度回顧 Review of the Year 積極溝通聯繫 Active Communication 機構管治 Corporate Governance 主席的話 Chairperson’s Message 16. Financial assets and liabilities (continued) (c) Fair values Al l f inancial assets and l iabi l ities are carried at amounts not materially different from their fair values as at 31 st March 2025 and 2024. The fair value is estimated as the present value of future cash flows, discounted at current market interest rate. 17. Capital management For the purpose of capital disclosure, the capital structure of the PMSA consists of its accumulated surplus. The PMSA’s capital management objectives are: (a) to ensure the PMSA’s ability to continue as a going concern; and (b) to achieve the PMSA’s goals. The PMSA regularly reviews and manages its capital in light of changes in economic conditions and the risk characteristics of the underlying assets so as to ensure adequacy for both operational and capital needs. The capital management strategy remains unchanged from prior year. 16. 金融資產及負債（續） (c) 公允價值 於 2025 年及 2024 年 3 月 31 日 所有金融資產及負債之價值與 其公允價值並無重大差異。公 允價值乃按照日後現金流量以 現時利率折算現值而估計。 17. 資本管理 為滿足資本披露之要求，監管局之 資本架構乃指監管局之累積盈餘。 監管局管理資本的目標為： (a) 保障監管局持續經營的能力； 以及 (b) 實現監管局的目標。 監管局定期因應經濟狀況之變化及 有關資產之風險特質，對資本架構 進行檢視及管理，以確定其能滿足 監管局之營運及資本需求。本管理 政策與往年並無變動。