Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)62 Related party relationships and transactions (continued)(1) Transactions with parent companies and their affiliates (continued)(b) Transactions with the affiliates of parent companiesIn the ordinary course of the business, material transactions that the Group and the Bank entered into with the affiliates ofparent companies are as follows:Amounts2012 2011NoteAmountRatioto similartransactionsAmountRatioto similartransactionsInterest income 32,571 5.40% 27,761 5.76%Interest expense 2,552 1.02% 2,372 1.34%Fee and commission income 426 0.44% 495 0.55%Fee and commission expense – – 56 2.24%Operating expenses (i) 1,387 0.81% 1,025 0.71%Balances outstanding as at the end of the reporting period2012 2011NoteBalanceRatioto similartransactionsBalanceRatioto similartransactionsDeposits with banks and non-bank financial institutions 48,134 8.22% 41,033 14.83%Placements with banks and non-bank financial institutions 19,114 14.74% 21,941 20.12%Financial assets at fair value through profit or loss 2,783 10.09% 2,106 9.12%Positive fair value of derivatives 1,237 9.76% 529 3.74%Financial assets held under resale agreements 15,175 4.79% 10,007 5.00%Interest receivable 13,199 19.34% 11,358 20.00%Loans and advances to customers 40,233 0.55% 33,244 0.53%Available for sale financial assets 176,896 25.23% 134,765 19.96%Held-to-maturity investments 487,608 25.42% 443,695 25.45%Debt securities classified as receivables 69,549 31.65% 64,549 21.51%Other assets (ii) 12 0.05% 32 0.18%Deposits from banks and non-bank financial institutions (iii) 72,956 7.46% 67,006 6.93%Placements from banks and non-bank financial institutions 41,447 34.47% 33,744 42.86%Negative fair value of derivatives 559 4.85% 514 3.86%Financial assets sold under repurchase agreements 1,181 50.04% – –Deposits from customers 21,856 0.19% 40,238 0.40%Interest payable 153 0.12% 163 0.20%Other liabilities – – 234 0.66%Credit commitments 8,172 0.49% 7,822 0.39%(i)(ii)(iii)Operating expenses mainly represent rental expenses paid by the Group for leased assets, including properties and motor vehicles, owned by parent companies and its affiliates, andfees for related services provided by parent companies and its affiliates.Other assets mainly represent other receivables from the affiliates of parent companies.Deposits from the affiliates of parent companies are unsecured and are repayable under general commercial terms.164 China Construction Bank Corporation annual report 2012