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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)
(e) Fair values
(continued)
(ii) Fair value of other financial instruments (carried at other than fair value)
The carrying amounts and fair values of the Group’s financial assets and liabilities, other than
those with carrying amounts that reasonably approximate to their fair values, are as follows:
As at 30 June 2016
Carrying
amount
Fair value
Level 1
Level 2
Level 3
HK$ million HK$ million HK$ million HK$ million HK$ million
Financial assets
Held-to-maturity investments
225,507
230,981
1,163
229,730
88
Investments classified as
receivables
1,380,912
1,401,925
–
1,401,925
–
1,606,419
1,632,906
1,163
1,631,655
88
Financial liabilities
Debt instruments issued
– Corporate bonds issued
97,589
101,760
3,620
98,140
–
– Notes issued
67,918
70,104
–
70,104
–
– Subordinated bonds issued
89,014
94,215
9,261
84,954
–
– Certificates of deposit
(not for trading purpose)
12,957
12,974
–
12,974
–
– Certificates of interbank
deposit issued
341,620
341,649
–
341,649
–
609,098
620,702
12,881
607,821
–
As at 31 December 2015
Carrying
amount
Fair value
Level 1
Level 2
Level 3
HK$ million HK$ million HK$ million HK$ million HK$ million
Financial assets
Held-to-maturity investments
216,267
222,501
1,131
221,298
72
Investments classified as
receivables
1,331,281
1,345,573
–
1,345,573
–
1,547,548
1,568,074
1,131
1,566,871
72
Financial liabilities
Debt instruments issued
– Corporate bonds issued
72,762
74,593
3,353
71,240
–
– Notes issued
69,244
71,174
–
71,174
–
– Subordinated bonds issued
92,840
99,288
9,090
90,198
–
– Certificates of deposit
(not for trading purpose)
10,390
10,392
–
10,392
–
– Certificates of interbank
deposit issued
204,536
204,709
–
204,709
–
449,772
460,156
12,443
447,713
–