Annual Report 2012

5 MANAGEMENT DISCUSSION AND ANALYSIS5.1.2 Statement of Financial Position AnalysisAssetsThe following table shows the composition of the Group’s total assets as at the dates indicated.As at 31 December 2012 As at 31 December 2011(In millions of RMB, except percentages) Amount % of total Amount % of totalGross loans and advances to customers 7,512,312 6,496,411Allowances for impairment losses on loans (202,433) (171,217)Net loans and advances to customers 7,309,879 52.31 6,325,194 51.50Investments 1 2,866,648 20.52 2,741,750 22.32Cash and deposits with central banks 2,458,069 17.59 2,379,809 19.38Deposits and placements with banks and non-bank financial institutions 715,551 5.12 385,792 3.14Financial assets held under resale agreements 316,685 2.27 200,045 1.63Interest receivable 68,264 0.49 56,776 0.46Others 2 237,732 1.70 192,468 1.57Total assets 13,972,828 100.00 12,281,834 100.001. These comprise financial assets at fair value through profit or loss, available-for-sale financial assets, held-to-maturity investments, and debt securities classified as receivables.2. These comprise precious metals, positive fair value of derivatives, interests in associates and jointly controlled entities, fixed assets, land use rights, intangible assets, goodwill, deferred tax assets and otherassets.As at 31 December 2012, the Group’s total assets stood at RMB13,972,828 million, an increase of RMB1,690,994 million, or 13.77%, over2011. This was mainly due to increases in loans and advances to customers, deposits and placements with banks and non-bank financialinstitutions, and financial assets held under resale agreements. In this amount, net loans and advances to customers accounted for 52.31%of total assets, an increase of 0.81 percentage points over 2011. Deposits and placements with banks and non-bank financial institutionsaccounted for 5.12% of total assets, an increase of 1.98 percentage points. Financial assets held under resale agreements accounted for 2.27%of total assets, an increase of 0.64 percentage points. Investments decreased by 1.80 percentage points, accounting for 20.52% of total assets.Cash and deposits with central banks decreased by 1.79 percentage points, accounting for 17.59% of total assets.Loans and advances to customersAs at 31 December 2012 As at 31 December 2011(In millions of RMB, except percentages) Amount % of total Amount % of totalCorporate loans and advances 4,963,050 66.07 4,400,421 67.74Short-term loans 1,725,607 22.97 1,383,008 21.29Medium to long-term loans 3,237,443 43.10 3,017,413 46.45Personal loans and advances 2,017,826 26.86 1,677,910 25.83Residential mortgages 1,528,757 20.35 1,312,974 20.21Personal consumer loans 80,556 1.07 76,692 1.18Personal business loans 101,776 1.36 78,716 1.21Credit card loans 177,936 2.37 97,553 1.50Other loans 1 128,801 1.71 111,975 1.73Discounted bills 137,558 1.83 111,181 1.71Overseas operations and subsidiaries 393,878 5.24 306,899 4.72Gross loans and advances to customers 7,512,312 100.00 6,496,411 100.001. These comprise individual commercial property mortgage loans, home equity loans and education loans.China Construction Bank Corporation annual report 201221