The following tables illustrate the fair value measurement hierarchy of the Group’s financial instruments:
Assets and liabilities measured at fair value:
| As at 31 December 2017 | ||||||||||||||||
| Fair value measurement using | ||||||||||||||||
|
Quoted prices in active markets (Level 1) RMB million |
Significant observable inputs (Level 2) RMB million |
Significant unobservable inputs (Level 3) RMB million |
Total RMB million |
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|
Assets |
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|
Derivative financial instruments |
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|
-Interest rate swaps (note 39(a)) |
— | 151 | — | 151 | ||||||||||||
|
Available-for-sale financial Assets (note 24) |
693 | — | — | 693 | ||||||||||||
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|
|
|
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|
Total |
693 | 151 | — | 844 | ||||||||||||
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|
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|
Liabilities |
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|
Derivative financial instruments |
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|
-Forward foreign exchange contracts (note 39(b)) |
— | 311 | — | 311 | ||||||||||||
|
-Interest rate swaps (note 39(a)) |
— | 14 | — | 14 | ||||||||||||
|
|
|
|
|
|
|
|
|
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|
Total |
— | 325 | — | 325 | ||||||||||||
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|
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| As at 31 December 2016 | ||||||||||||||||
| Fair value measurement using | ||||||||||||||||
|
Quoted prices in active markets (Level 1) |
Significant observable inputs (Level 2) |
Significant unobservable inputs (Level 3) |
Total | |||||||||||||
| RMB million | RMB million | RMB million | RMB million | |||||||||||||
|
Assets |
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|
Derivative financial instruments |
||||||||||||||||
|
-Forward foreign exchange contracts (note 39(b)) |
— | 11 | — | 11 | ||||||||||||
|
-Interest rate swaps (note 39(a)) |
— | 137 | — | 137 | ||||||||||||
|
Available-for-sale financial Assets (note 24) |
538 | — | — | 538 | ||||||||||||
|
|
|
|
|
|
|
|
|
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|
Total |
538 | 148 | — | 686 | ||||||||||||
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|
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|
|
|
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|
Liabilities |
||||||||||||||||
|
Derivative financial instruments |
||||||||||||||||
|
-Forward foreign exchange contracts (note 39(b)) |
— | 11 | — | 11 | ||||||||||||
|
-Interest rate swaps (note 39(a)) |
— | 47 | — | 47 | ||||||||||||
|
|
|
|
|
|
|
|
|
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|
Total |
— | 58 | — | 58 | ||||||||||||
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