CITIC Limited Half-Year Report 2019

118 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 29 Financial risk management and fair values (continued) (e) Fair values (continued) (i) Financial instruments carried at fair value (continued) The following table shows a reconciliation from the beginning balances to the ending balances for fair value measurements in Level 3 of the fair value hierarchy (continued): Six months ended 30 June 2018 Assets Liabilities Derivative financial instruments Investments in financial assets Total Derivative financial liabilities HK$ million HK$ million HK$ million HK$ million As at 1 January 2018 875 279,125 280,000 – Total (losses)/gains: (419) (1,732) (2,151) (4) – in profit or loss 4 1,205 1,209 (4) – in other comprehensive  loss (423) (2,937) (3,360) – Net settlements – (154,106) (154,106) – As at 30 June 2018 456 123,287 123,743 (4) Total gains/(losses) for the period included in profit or loss for assets and liabilities held in Level 3 as at the balance sheet date 4 1,205 1,209 (4) Notes to the Consolidated Financial Statements