CITIC Limited Half-Year Report 2020

110 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 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 2020 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 465,141 5,793,019 1,164,857 445,614 7,868,631 Total financial liabilities (219,572) (6,118,859) (977,321) (157,695) (7,473,447) Financial asset-liability gap 245,569 (325,840) 187,536 287,919 395,184 As at 31 December 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 465,307 4,771,193 1,202,500 1,230,204 7,669,204 Total financial liabilities (190,602) (6,102,438) (775,284) (196,136) (7,264,460) Financial asset-liability gap 274,705 (1,331,245) 427,216 1,034,068 404,744