CITIC Limited Half-Year Report 2020

65 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 16 Derivative financial instruments (continued) The following tables and notes provide an analysis of the nominal amounts of derivatives and the corresponding fair values as at the balance sheet date. The nominal amounts of the derivatives provide a basis for comparison with fair values of derivatives recognised on the consolidated statement of financial position but do not necessarily indicate the amounts of future cash flows involved or the current fair values of the derivatives and, therefore, do not indicate the Group’s exposure to credit or market risks. Hedging instruments are derivatives used as hedge accounting, and non-hedging instruments are derivatives not used as hedge accounting. 30 June 2020 31 December 2019 Nominal amount Assets Liabilities Nominal amount Assets Liabilities HK$ million HK$ million HK$ million HK$ million HK$ million HK$ million Hedging instruments Fair value hedge – Interest rate derivatives 857 – 72 3,227 16 18 – Currency derivatives 436 – 44 436 – 35 – Other derivatives 1,858 5 18 2,337 – 36 Cash flow hedge – Interest rate derivatives 13,182 – 2,291 13,382 4 1,666 – Currency derivatives 1,074 1 6 231 – 5 – Other derivatives 1,076 69 47 1,406 356 29 Non-hedging instruments – Interest rate derivatives 3,497,347 15,554 15,178 3,218,877 5,792 5,760 – Currency derivatives 2,121,700 11,216 10,792 1,691,109 13,175 12,345 – Precious metals derivatives 27,790 756 1,112 14,194 237 817 – Other derivatives 5,705 1 112 9,928 – 52 5,671,025 27,602 29,672 4,955,127 19,580 20,763