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)BankPositivefair value ofderivativesAvailable-for-sale financial assetsDebtsecuritiesEquityinstrumentsand funds2012Total assetsFinancialliabilitiesdesignatedas at fair valuethroughprofit or lossNegativefair value ofderivativesTotalliabilitiesAs at 1 January 2012 2,366 1,705 62 4,133 (29) (2,362) (2,391)Total gains or losses:In profit or loss (371) 7 – (364) – 371 371In other comprehensiveincome – 202 1 203 – – –Purchases – – 4 4 – – –Sales and settlements (164) (306) – (470) 29 160 189As at 31 December 2012 1,831 1,608 67 3,506 – (1,831) (1,831)Total gains or losses for theperiod included in profit orloss for assets and liabilitiesheld at the end of thereporting period (182) 7 – (175) – 182 182Positivefair value ofderivativesAvailable-for-sale financial assetsDebtsecuritiesEquityinstrumentsand funds2011Total assetsFinancialliabilitiesdesignatedas at fair valuethroughprofit or lossNegativefair value ofderivativesTotalliabilitiesAs at 1 January 2011 2,120 1,994 – 4,114 (24) (2,117) (2,141)Total gains or losses:In profit or loss 437 370 – 807 (5) (436) (441)In other comprehensiveincome – (262) 8 (254) – – –Purchases 2 – 54 56 – – –Sales and settlements (193) (493) – (686) – 191 191Transfer in – 96 – 96 – – –As at 31 December 2011 2,366 1,705 62 4,133 (29) (2,362) (2,391)Total gains or losses for theperiod included in profit orloss for assets and liabilitiesheld at the end of thereporting period 601 370 – 971 (5) (598) (603)In Level 3 of the fair value hierarchy, total gains or losses included in profit or loss for the year in the above table are presented in nettrading gain, net gain arising from investment securities and impairment losses of the statement of comprehensive income.China Construction Bank Corporation annual report 2012205