CITIC Limited Half-Year Report 2019

111 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 29 Financial risk management and fair values (continued) (c) Interest rate risk Each of the Group’s operating entities has formulated its own interest risk management policies and procedures covering identification, measurement, monitoring and control of risks. The Group manages interest rate risk to control potential loss from interest rate risk at an acceptable level. (i) Asset-liability gap Interest rate risk arises from mismatch between repricing dates of financial assets and liabilities affected by market interest rate volatility. As at 30 June 2019 Non-interest bearing Within 1 year Between 1 and 5 years More than 5 years Total HK$ million HK$ million HK$ million HK$ million HK$ million Total financial assets 592,126 5,433,115 968,724 392,428 7,386,393 Total financial liabilities (216,256) (5,942,789) (677,989) (237,188) (7,074,222) Financial asset-liability gap 375,870 (509,674) 290,735 155,240 312,171 As at 31 December 2018 Non-interest bearing Within 1 year Between 1 and 5 years More than 5 years Total HK$ million HK$ million HK$ million HK$ million HK$ million Total financial assets 467,634 4,373,016 1,955,528 289,760 7,085,938 Total financial liabilities (225,850) (5,707,635) (635,184) (182,245) (6,750,914) Financial asset-liability gap 241,784 (1,334,619) 1,320,344 107,515 335,024 Notes to the Consolidated Financial Statements