Annual Report 2004

Financial Statements
— repayment obligations to the
amount of EUR 15.188 million
arising from pension contributions
paid by OeNB staff members
payable on termination of
employment contracts;
— contingent liability equivalent to
the OeNBÕs share of EUR
1,040.000 million of the maximum
of EUR 50 billion of additional
foreign reserve assets of
the euro area NCBs on which
the ECB is entitled to call; and
— contingent liability equivalent to
the OeNBÕs share of EUR
104.000 million of the EUR 5 billion
by which the ECB may increase
its paid-up capital.
Holdings of derivatives were as follows
on December 31, 2004:
Underlying Market value
value gains losses
EUR million EUR million EUR million
Forward rate
agreements
Purchases 14.683 0.005 0
Sales 22.025 0.002 0.017
Bond futures
Sales 65.000 — 0.194
Interest rate
swaps
Sales 174.930 6.089 —
The market values represent the
valuation of December 31, 2004,
with gains entered in the revaluation
accounts (liability item 14) and losses
entered in the profit and loss account
as writedowns on financial assets and
positions (item 2.2).
Moreover, foreign currency and
security options were traded in
2004, all of which matured prior to
December 31, 2004. The result of
these transactions was taken to item 1
Netinterestincomeof the profit and
loss account.
110 ×
Annual Report 2004