113 ANNUAL REPORT 2010 The table below shows an analysis of financial instruments  recorded at fair value by level of the fair value hierarchy: Additional information is provided in the section headed ‘Effect  of changes in significant unobservable assumptions to  reasonably possible alternatives’ below. Financial assets carried at fair value Level I Level II Level III Total 2010 Available-for-sale investments Shares 680 63 555 1,298 Debt securities 18,148 73,000 3,788 94,936 Money market and other short-term instruments – 10,141 – 10,141 Other investments at fair value 60 10 805 875 18,888 83,214 5,148 107,250 Fair value through profi t or loss Shares 813 264 1 1,078 Debt securities 46   1,611   132  1,789  Money market and other short-term instruments 289   370   –  659  Other investments at fair value –   581   1,205  1,786  Investments for account of policyholders  1 81,442  61,309   2,352  145,103  Derivatives  24   6,049   178  6,251  82,614   70,184   3,868  156,666  TOTAL FINANCIAL ASSETS AT FAIR VALUE 101,502   153,398   9,016  263,916  Financial liabilities carried at fair value Investment contracts –  –   1,656  1,656  Investment contracts for account of policyholders 5,020  20,405   178  25,603  Borrowings  2 520   467   –  987  Derivatives  10   4,911   1,050  5,971  5,550   25,783   2,884   34,217  1  The investments for account of policyholders included in the table above represents those investments carried at fair value through profit or loss.  2  Borrowings included in the table above contain those borrowings that are carried at fair value through profit or loss. Total borrowings on the balance  sheet also contain borrowings carried at amortized cost that are not included in the above schedule.  SHARPENING OUR FOCUS