Ársskýrsla Landsbankans - Landsbankinn

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements 69. Maturity analysis of financial assets and liabilities by currency (continued) The following table shows a maturity analysis of the Group’s financial instruments by currency of denomination as at 31 December 2009: Up to 3 3-12 1-5 Over Carrying Non-derivative financial assets On demand months months years 5 years Total amount Total in foreign currencies 14,963 102,579 65,337 243,968 232,525 659,372 511,641 ISK 48,903 52,877 53,899 170,288 426,536 752,503 437,495 Total 63,866 155,456 119,236 414,256 659,061 1,411,875 949,136 Derivative financial assets Total in foreign currencies - 511 (250) - - 261 962 ISK - 9 - - - 9 9 Total 0 520 (250) 0 0 270 971 Non-derivative financial liabilities Total in foreign currencies (88,534) (1,153) (23,005) (91,266) (260,449) (464,407) (399,418) ISK (318,453) (94,294) (10,236) (47,985) (12,820) (483,788) (475,605) Total (406,987) (95,447) (33,241) (139,251) (273,269) (948,195) (875,023) Off-balance sheet items Total in foreign currencies (15,474) (10) (1) (58) - (15,543) ISK (61,120) (4,566) (334) (3,066) - (69,086) Total (76,594) (4,576) (335) (3,124) 0 (84,629) Derivative financial liabilities Total in foreign currencies - 163 89 408 296 956 (673) ISK - (164) (204) (798) (574) (1,740) (2) Total 0 (1) (115) (390) (278) (784) (675) Net liquidity position in foreign currencies (89,045) 102,090 42,170 153,052 (27,628) 180,639 Net liquidity position in ISK (330,670) (46,138) 43,125 118,439 413,142 197,898 Net liquidity position (419,715) 55,952 85,295 271,491 385,514 378,537 The amounts in the maturity analysis as at 31 December 2010 and 31 December 2009 are allocated to maturity buckets in respect of remaining contractual maturity (i.e. based on the timing of future cash flows according to contractual terms). Exceptions to this are loans and advances to customers and bonds issued by companies in moratorium or in the process of liquidation as disclosed in Note 68. NBI hf. Consolidated Financial Statements 2010 66 All amounts are in ISK million 166 Ársreikningur 2010 Allar upphæðir eru í milljónum króna
Notes to the Consolidated Financial Statements Market risk 70. Market risk Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate because of changes in market prices. Market risk arises from open positions regarding currency, equity and interest rate products, all of which are exposed to general and specific market movements and changing volatility levels in market rates and prices, for instance in interest rates, credit spreads, foreign exchange rates and equity prices. Other price risk is defined as equity price risk, inflation risk and commodity price risk, each of which is disclosed in the Notes below (except for commodity risk as the Group is not exposed to such risk). 71. Market risk management The Group separates its exposure to market risk into trading and non-trading portfolios, managing each of them separately. Trading portfolios include all of the positions arising from investment banking operations of the Finance Division, such as positions arising from market-making and proprietary position-taking (i.e. bonds classified as held for trading, equities, unsettled securities trading, derivatives and short positions). Nontrading portfolios include positions arising from the Group’s retail and commercial banking operations (i.e. loans and advances, deposits and bonds designated as at fair value through profit or loss or classified as loans and receivables). The overall authority for market risk management has been vested by the Board of Directors in the CEO and the Risk and Finance Committee. The Asset, Liability and Market Risk Unit is responsible for developing detailed risk management policies (which are subject to review and approval by the Risk and Finance Committee) and for reviewing their implementation from day to day. The objective of market risk management is to identify, locate and monitor market risk exposures and analysing and reporting to appropriate parties. Market risks arising from trading and non-trading activities are monitored by two separate teams within the Risk Management Division, which submit daily, weekly and monthly reports to the head of each business unit along with detailed input to a comprehensive quarterly risk report. The Group‘s market risk is thereby measured on a daily basis, and the detailed limits set by the Risk and Finance Committee are monitored by the Asset, Liability and Market Risk Unit within the Risk Management Division. Several indicators are used, including daily profits and losses as well as net positions across different attributes such as the currency and issuer. Market risk in the trading and non-trading portfolios is managed separately by Treasury and monitored by the Asset, Liability and Market Risk Unit. Risk-weighted assets are determined by applying specific risk weights to Group assets, following methodology developed by the Basel Committee on Banking Supervision. The following table summarises the Group's exposure to market risk at year-end 2010 and 2009: 2010 2009 Market risk factor % of RWA % of RWA Equity price risk 4.8% 3.4% Interest rate risk 2.5% 5.1% Foreign exchange risk 8.5% 13.7% Total 15.8% 22.1% The currency risk in the Group’s trading portfolios is disclosed together with that in its non-trading portfolios in Notes 76-80, along with the related sensitivity analysis. 72. Interest rate risk The interest rate risk is the risk that the fair value or future cash flow of financial instruments will fluctuate due to changes in market interest rates. Changes in interest rates for the Group's assets and liabilities, other than those in its trading portfolios, have an impact on its interest rate margin. This risk results primarily from duration mismatch between assets and liabilities. Interest rate risk is managed principally by monitoring interest rate gaps. Interest rate risk is managed centrally within the Group by the Treasury Department, and is monitored by the The Asset, Liability and Market Risk Unit of the Risk Management Division. In the current economic environment, the Group has no access to derivative instruments and other tools for managing interest rate risk. NBI hf. Consolidated Financial Statements 2010 67 All amounts are in ISK million Allar upphæðir eru í milljónum króna Ársreikningur 2010 167
Page 1 and 2:
Ársskýrsla 2010
Page 3 and 4:
Lykiltölur Heildareignir Eiginfjá
Page 5 and 6:
Efnisyfirlit 1. 2010 í hnotskurn .
Page 7 and 8:
Júlí Þriðji ársfjórðungur Vi
Page 9 and 10:
Ávarp formanns Bankaráðs og bank
Page 11 and 12:
Steinþór Pálsson, bankastjóri S
Page 13 and 14:
Fjármunamyndun % af VLF Millj. kr.
Page 15 and 16:
Þróun verðbólgu Framlag til 12
Page 17:
Heildareignir stærstu viðskiptaba
Page 20 and 21:
Innleiðing stefnunnar Markmið Lan
Page 22 and 23:
Ánægðir viðskiptavinir Viðskip
Page 24 and 25:
Ávinningur samfélags og eigenda A
Page 26 and 27:
Viðskiptabanki Viðskiptabanki Lan
Page 28 and 29:
Útibúanet Landsbankans Landsbanki
Page 30 and 31:
Fyrirtækjabanki Fyrirtækjabanki v
Page 32 and 33:
Markaðir og fjárstýring Á svið
Page 34 and 35:
Eignastýring Eignastýring veitir
Page 36 and 37:
Vöxtur Global Equity í samanburð
Page 39 and 40:
Endurskipulagning eigna Endurskipul
Page 41 and 42:
Ferli fjárhagslegrar endurskipulag
Page 43 and 44:
Stoðsvið og stoðdeildir Landsban
Page 45 and 46:
Fjármál Á sviðinu eru starfandi
Page 47 and 48:
Regluvarsla Regluvarsla er ein af g
Page 49 and 50:
Skrifstofa bankastjóra Skrifstofa
Page 51 and 52:
Reginn ehf. Reginn tók til starfa
Page 53 and 54:
Mannauður Landsbankinn er þekking
Page 55 and 56:
Kynjahlutfall og launamunur kynjann
Page 57 and 58:
Vinnustaðagreining: Landsbankinn h
Page 59 and 60:
Samfélagsleg ábyrgð Landsbankinn
Page 61 and 62:
Steinþór Pálsson kynnir verkefni
Page 63 and 64:
Menningarnótt Landsbankinn hefur v
Page 65 and 66:
Stjórn og stjórnendur bankans Eig
Page 67 and 68:
Frá vinstri: Ólafur Helgi Ólafss
Page 69 and 70:
Helgi Teitur Helgason, Viðskiptaba
Page 71 and 72:
Stjórnarhættir Það er markmið
Page 73 and 74:
sérstakar nefndir í umboði Banka
Page 75 and 76:
Helstu þættir í árangursmati Ba
Page 77 and 78:
Hömlur - smærri fasteignir Tegund
Page 79 and 80:
Áhættustýring Áhættustýring e
Page 81 and 82:
Áhætta Útlánaáhætta Markaðs
Page 83 and 84:
Markaðsáhætta Markaðsáhætta e
Page 85 and 86:
Vaxtaáhætta utan veltubókar Vaxt
Page 87 and 88:
Samantekt úr ársreikningi Afkoman
Page 89 and 90:
Efnahagsreikningur - eignir 31.12.2
Page 91 and 92:
Lausafjáreignir Þróun á lausafj
Page 93 and 94:
Samsetning innlána 600.000 500.000
Page 95 and 96:
Eigið fé 200.000 150.000 100.000
Page 97 and 98:
Arðsemi eigin fjár 20% 15% 10% 5%
Page 99 and 100:
Gjaldeyrisjöfnuður og gengismunur
Page 101 and 102:
Landsbankinn Consolidated Financial
Page 103 and 104:
Content Endorsement and Statement b
Page 105 and 106:
Endorsement and Statement by the Bo
Page 107 and 108:
Independent Auditor's Report To the
Page 109 and 110:
Consolidated Income Statement for t
Page 111 and 112:
Consolidated Statement of Cash Flow
Page 113 and 114:
Notes to the Consolidated Financial
Page 115 and 116:
Page 117 and 118:
Page 119 and 120: Notes to the Consolidated Financial
Page 169: Notes to the Consolidated Financial
Page 180 and 181: Útgefandi: Landsbankinn Ábyrgðar
Page 182: Landsbankinn þinn Þróun og áran
show all

Ársskýrsla Landsbankans - Landsbankinn

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?