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294 NEDBANK GROUP Limited INTEGRATED REPORT 20106 FAIR-VALUE MEASUREMENT ... continued6.5 Level 3 reconciliationASSETSRmOpening balanceat 1 JanuaryGains/(Losses)in profit forthe year*Gains/(Losses)in othercomprehensiveincome forthe year*2010Held for trading 426 25 –Derivative financial instruments 16Government and other securities 55 (8)Loans and advances 82 (7)Investment securities 273 40Designated as at fair value 2 826 53 –Investments in associate companies and joint ventures 908 (4)Investment securities 1 918 57Available-for-sale financial assets 298 – –Investment securities 298Total financial assets classified at level 3 3 550 78 –* Gains and losses include, but are not limited to, fair-value gains or losses, translation gains or losses, trading gains or losses and, where applicable, dividendand interest income.** Transfers represent investment securities that have been moved to the level 2 category where more observable and relevant market information becameavailable.RmOpening balanceat 1 JanuaryGains/(Losses)in profit forthe year*Gains/(Losses) inother comprehensiveincome for the year*2009Held for trading 1 271 (23) (56)Derivative financial instruments 2 17Government and other securities 293 (15) (5)Loans and advances 719 (41) (51)Investment securities 257 16Designated as at fair value 2 449 174 –Investments in associate companies and joint ventures 867 22Investment securities 1 582 152Available-for-sale financial assets 243 – –Investment securities 243Total financial assets classified at level 3 3 963 151 (56)* Gains and losses include, but are not limited to, fair-value gains or losses, translation gains or losses, trading gains or losses and, where applicable, dividendand interest income.