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CITIC LIMITED
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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32 Financial risk management and fair values
(continued)
(c) Interest rate risk
(continued)
(ii) Effective interest rate
Effective
interest rate
As at
30 June
2016
Effective
interest rate
As at
31 December
2015
HK$ million
HK$ million
Assets
Cash and deposits
1.31%-1.54% 873,526
1.22%-1.47% 801,615
Placements with banks and non-bank
financial institutions
2.59% 128,762
2.59% 141,775
Financial assets held under resale agreements
2.33% 113,199
3.90% 165,391
Loans and advances to customers and
other parties
4.96% 3,153,019
5.85% 2,947,798
Investments classified as receivables
4.11% 1,380,912
5.20% 1,331,281
Investments (note (1))
3.63% 937,518
3.86% 824,808
Others
677,881
590,641
7,264,817
6,803,309
Liabilities
Borrowing from central banks
3.08% 91,380
3.50% 44,761
Deposits from banks and non-bank
financial institutions
2.88% 1,339,053
3.80% 1,275,421
Placements from banks and non-bank
financial institutions
2.19% 56,813
1.81% 58,141
Financial assets sold under repurchase
agreements
2.49% 22,536
2.43% 84,949
Deposits from customers
1.77% 4,010,328
2.16% 3,766,848
Bank and other loans
0.31%-7.86% 110,779
0.63%-8.50% 147,221
Debt instruments issued
2.55%-7.25% 609,098
1.00%-7.25% 449,772
Others
369,213
313,027
6,609,200
6,140,140
Note:
(i)
The Group’s investments include financial assets at fair value through profit or loss, available-for-sale financial assets,
held-to-maturity investments, and interests in associates and joint ventures. The calculation of effective interest rate is
based on the interest yielding part of the financial assets.