Long-term and Short-term treasury investments |
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| Long-term and Short-term treasury investments | 21. Long-term and short-term treasury investments Treasury investments represent the debt investments purchased from reputable financial institutions. Primarily these instruments are considered to have a low risk of default and the counterparty has a strong capacity to meet its contractual cash flows obligations in the near term. The identified credit losses are insignificant. Treasury investments at amortized cost are primarily time deposits placed with the bank. Interest income from treasury investments at amortized cost is recognized using the effective interest rate method in the consolidated income statement. Treasury investments measured at FVTPL are primarily wealth management products issued by commercial banks and other financial institutions. Changes in the fair value are reflected in the consolidated income statements as investment income (loss), net. Treasury investments measured at FVOCI are certain government bonds. The following is a summary of treasury investments:
Treasury investments are denominated in the following currencies:
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