124 Huawei Investment & Holding Co., Ltd.
18 Other investments, including derivatives
(CNY million) Note 2019 2018
Financial assets measured at amortised cost
Investment funds (i) 76,800 18,700
Fixed deposits 60,930 24,882
137,730 43,582
Financial assets measured at FVPL
Investment funds (i) 66,324 33,059
Debt securities (ii) – 2
Equity securities 372 448
Foreign exchange derivatives 159 83
Compound financial instruments 168 53
67,023 33,645
Financial assets measured at FVOCI
Debt securities (ii) 1,766 22,636
Equity securities (iii) 1,113 617
2,879 23,253
207,632 100,480
Less: Loss allowances (10) (4)
207,622 100,476
Non-current portion 7, 26 6 18,725
Current portion 200,356 81,751
207,622 100,476(i) Investment funds comprise short-term investments in wealth management products and money market funds.
Wealth management products with guaranteed principal and interest are measured at amortised cost where
the Group intends to hold them to maturity; other investment funds are measured at FVPL where the Group
intends to sell them or where the investments do not give rise to cash flows which are solely principal and
interest.(ii) Debt securities comprise investments in fixed rate bonds, floating rate notes, certificates of deposit and
commercial papers. The Group has classified most of its debt securities as FVOCI since they are held to collect
and for sale, and also give rise to cash flows which are solely principal and interest. In limited cases, certain
bonds are measured at FVPL where the Group intends to hold them for trading. The loss allowances on the
debt securities at FVOCI amounted to CNY302 thousand as at December 31, 2019 (2018: CNY7 million).(iii) The Group designated equity investments at FVOCI where they are considered strategic to the Group. Dividend
income received on these investments amounted to CNY4 million for the year ended December 31, 2019. None
of these equity investments is individually significant.Certain equity investments at FVOCI were disposed of during the year ended December 31, 2019 (2018: nil),
and the corresponding cumulative gain in fair value reserve of CNY5 million (2018: nil) was transferred to
retained earnings upon disposal of these investments.(iv) As at December 31, 2019 and 2018, the Group did not hold any investments pledged as collateral for liabilities
or contingent liabilities.