Macquarie Group Limited and its subsidiaries  2014 Annual Financial Report  macquarie.com.au  198  Level 1  $m  Level 2  $m  Level 3  $m  Total $m  Consolidated 2014  Assets  Trading portfolio assets  13,982  7,770  710  22,462  Derivative assets  591  11,944  98  12,633  Investment securities available for sale  8,897  3,930  1,224  14,051  Other financial assets at fair value through profit or loss  244  2,457  153  2,854  Other financial assets (1) 353  760  –  1,113  Total assets  24,067  26,861  2,185  53,113  Liabilities  Trading portfolio liabilities  1,125  1,637  –  2,762  Derivative liabilities 738  11,148  87  11,973  Other financial liabilities at fair value through profit or loss  –  1,432  32  1,464  Other financial liabilities (1) 351  733  –  1,084  Total liabilities  2,214  14,950  119  17,283  Consolidated 2013  Assets  Trading portfolio assets  14,085  5,369  322  19,776  Derivative assets  2,276  12,360  68  14,704  Investment securities available for sale  13,122  3,191  744  17,057  Other financial assets at fair value through profit or loss  1,168  3,796  69  5,033  Other financial assets (1),(2) 407  803  –  1,210  Total assets  31,058  25,519  1,203  57,780  Liabilities  Trading portfolio liabilities  548  949  –  1,497  Derivative liabilities  2,397  12,411  45  14,853  Other financial liabilities at fair value through profit or loss  –  1,634  70  1,704  Other financial liabilities (1),(2) 404  777  –  1,181  Total liabilities  3,349  15,771  115  19,235  The following table summarises the levels of the fair value hierarchy for financial instruments measured at fair value:  (1) Relates to life insurance contracts and other unitholder investment assets and liabilities.  $^{(2)}$  Prior period comparatives have been restated for the effect of applying AASB 10. Refer to note1(i) – Summary of significant accounting  policies.  Note 39  Fair values of financial assets and liabilities  continued  Notes to the financial statements  for the financial year ended 31 March 2014  continued