China Communications Services Corporation Limited Annual Report 2015
153
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
40. FINANCIAL RISK MANAGEMENT AND FAIR VALUES
(continued)
(e) Equity price risk
(continued)
The sensitivity analysis indicates the instantaneous change in the Group’s profit after tax (and retained profits) and
other components of consolidated equity that would arise assuming that the changes in the share price or other
relevant risk variables had occurred at the end of the reporting period and had been applied to remeasure those
financial instruments held by the Group which expose the Group to equity price risk at the end of the reporting
period. None of the Group’s available-for-sale financial assets would be considered impaired as a result of the
decrease in the share price or other relevant risk variables, and that all other variables remain constant. The analysis is
performed on the same basis for 2014.
(f) Fair value
(i) Financial instruments carried at fair value on a recurring basis
Some of the Group’s financial instruments are measured at fair value at the end of each reporting period.
2015
Level 1
Level 2
Level 3
Total
RMB’000
RMB’000
RMB’000
RMB’000
Assets
Available-for-sale securities
— Listed equity securities
67,984
—
— 67,984
Trading financial assets
— Foreign currency forward contract
—
735
—
735
Liabilities
Trading financial liabilities
— Foreign currency forward contract
—
261
—
261
2014
Level 1
Level 2
Level 3
Total
RMB’000
RMB’000
RMB’000
RMB’000
Assets
Available-for-sale securities
— Listed equity securities
51,672
—
— 51,672
Trading financial assets
— Foreign currency forward contract
—
143
—
143
Liabilities
Trading financial liabilities
— Foreign currency forward contract
—
1,574
— 1,574
