CITIC Limited Half-Year Report 2020

116 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) (e) Fair values (continued) (i) Financial instruments carried at fair value (continued) For the six months ended 30 June 2020, there were no significant transfers between instruments in different levels (six months ended 30 June 2019: Nil) and no significant changes in valuation techniques for determining the fair values of the instruments (six months ended 30 June 2019: Nil). 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: Six months ended 30 June 2020 Assets Liabilities Loans and advances to customers and other parties at FVPL Derivatives financial assets Investments in financial assets Total Financial liabilities at fair value through profit or loss Derivatives financial liabilities Total HK$ million HK$ million HK$ million HK$ million HK$ million HK$ million HK$ million At 1 January 2020 7,719 352 78,681 86,752 (1,045) – (1,045) Total loss: – (282) (1,631) (1,913) – (2) (2) – in profit or loss – – (745) (745) – – – – in other comprehensive loss – (282) (886) (1,168) – (2) (2) Net settlements (6) (1) (15,286) (15,293) (4,943) – (4,943) At 30 June 2020 7,713 69 61,764 69,546 (5,988) (2) (5,990) Six months ended 30 June 2019 Assets Liabilities Derivatives financial assets Investments in financial assets Total Financial liabilities at fair value through profit or loss Derivatives financial liabilities Total HK$ million HK$ million HK$ million HK$ million HK$ million HK$ million At 1 January 2019 530 82,383 82,913 (370) (1) (371) Total gains/(losses): 44 141 185 (14) 1 (13) – in profit or loss 1 (96) (95) (14) – (14) – in other comprehensive income 43 237 280 – 1 1 Net settlements – (6,443) (6,443) 150 (1) 149 At 30 June 2019 574 76,081 76,655 (234) (1) (235)