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)Bank2012Level 1 Level 2 Level 3 TotalAssetsFinancial assets at fair value through profit or lossFinancial assets held for trading purpose– Debt securities – 16,206 – 16,206Positive fair value of derivatives – 9,836 1,831 11,667Available-for-sale financial assets– Debt securities 5,743 664,722 1,608 672,073– Equity instruments and funds 7,780 – 67 7,847Total 13,523 690,764 3,506 707,793LiabilitiesFinancial liabilities at fair value through profit or lossFinancial liabilities designated as at fair value through profit or loss – 34,533 – 34,533Negative fair value of derivatives – 8,214 1,831 10,045Total – 42,747 1,831 44,5782011Level 1 Level 2 Level 3 TotalAssetsFinancial assets at fair value through profit or lossFinancial assets held for trading purpose– Debt securities – 8,715 – 8,715Positive fair value of derivatives – 10,707 2,366 13,073Available-for-sale financial assets– Debt securities 8,715 641,165 1,705 651,585– Equity instruments and funds 10,064 34 62 10,160Total 18,779 660,621 4,133 683,533LiabilitiesFinancial liabilities at fair value through profit or lossFinancial liabilities designated as at fair value through profit or loss – 30,937 29 30,966Negative fair value of derivatives – 9,992 2,362 12,354Total – 40,929 2,391 43,320For the year ended 31 December 2012 and 2011, there were no significant transfers between level 1 and level 2 of the fair valuehierarchy.China Construction Bank Corporation annual report 2012203