Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)63 Risk Management (continued)(6) Valuation of financial instruments (continued)The table below analyses financial instruments, measured at fair value at the end of the reporting period, by the level in the fair valuehierarchy into which the fair value measurement is categorised:Group2012Level 1 Level 2 Level 3 TotalAssetsFinancial assets at fair value through profit or lossFinancial assets held for trading purpose– Debt securities 195 16,209 – 16,404– Equity instruments and funds 821 – – 821Financial assets designated as at fair value through profit or loss– Debt securities 996 51 3,141 4,188– Equity instruments 885 514 4,760 6,159Positive fair value of derivatives – 10,840 1,831 12,671Available-for-sale financial assets– Debt securities 6,378 678,103 4,333 688,814– Equity instruments and funds 8,657 1,587 472 10,716Total 17,932 707,304 14,537 739,773LiabilitiesFinancial liabilities at fair value through profit or lossFinancial liabilities designated as at fair value through profit or loss – 34,533 2,718 37,251Negative fair value of derivatives – 9,710 1,831 11,541Total – 44,243 4,549 48,7922011Level 1 Level 2 Level 3 TotalAssetsFinancial assets at fair value through profit or lossFinancial assets held for trading purpose– Debt securities – 8,715 – 8,715– Equity instruments and funds 549 – – 549Financial assets designated as at fair value through profit or loss– Debt securities 1,177 – 4,483 5,660– Equity instruments 794 1,059 6,319 8,172Positive fair value of derivatives – 11,709 2,418 14,127Available-for-sale financial assets– Debt securities 17,776 638,695 4,565 661,036– Equity instruments and funds 10,499 1,118 552 12,169Total 30,795 661,296 18,337 710,428LiabilitiesFinancial liabilities at fair value through profit or lossFinancial liabilities designated as at fair value through profit or loss – 30,937 2,719 33,656Negative fair value of derivatives – 10,860 2,450 13,310Total – 41,797 5,169 46,966202 China Construction Bank Corporation annual report 2012