Founded in 1987, Huawei is a leading global provider of information and communications

2020
2019
2020
2019
Aggregate carrying amount
1,672
674
167
57
Aggregate amount of the Group’s share of those 
associates’ and joint ventures’
Profit for the year
170
10
–
–
Total comprehensive income
170
10
–
–
For the years ended December 31, 2020 and 2019, no dividend was declared or paid by the associates or joint 
ventures.

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112
       
Huawei Investment & Holding Co., Ltd.
17 Other investments and derivatives
(CNY million)
Note
2020
2019
Financial assets measured at amortised cost
 
 
 
Investment funds
(i)
2,000
76,800
Fixed deposits
34,375
60,930
Debt securities
(ii)
4,595
–
40,970
137,730
Less: Loss allowances
(4)
(10)
40,966
137,720
Financial assets measured at FVPL
 
 
Investment funds
(i)
143,769
66,324
Equity securities
1,097
372
Foreign exchange derivatives
224
159
Compound financial instruments
(iv)
973
168
146,063
67,023
Financial assets measured at FVOCI
 
 
Debt securities
(ii)
3,272
1,766
Equity securities
(iii)
4,635
1,113
7,907
2,879
194,936
207,622
Non-current portion
10,244
7,266
Current portion
184,692
200,356
194,936
207,622
(i)  Investment funds comprise short-term investments in wealth management products, money market funds and 
structured deposits. Investment funds 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, 
commercial papers, etc. Debt securities are measured at amortised cost where the Group intends to hold them 
to collect contractual cash flows. Other debt securities are classified as FVOCI since they are held to collect 
and for sale, and also give rise to cash flows which are solely principal and interest. The loss allowances on 
debt securities at FVOCI amounted to CNY723 thousand as at December 31, 2020 (2019: CNY302 thousand).
(iii) The Group designated equity investments at FVOCI where they are considered strategic to the Group. Dividend 
income received on these investments amounted to CNY2 million (2019: CNY4 million) for the year ended 
December 31, 2020.
(iv) Compound financial instruments comprise equity instruments with redemption options and convertible notes 
which are designated at FVPL.
(v) As at December 31, 2020 and 2019, the Group did not hold any investments pledged as collateral for liabilities 
or contingent liabilities.

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2020 Annual Report