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Liabilities<br />
December 31, <strong>2004</strong> December 31, 2003<br />
EUR EUR<br />
1 Banknotes in circulation 13,416,143,605.Ñ 11,691,232,000.Ñ<br />
2 Liabilities to euro area credit institutions related<br />
to monetary policy operations denominated in euro 4,000,043,265.50 4,255,393,088.81<br />
2.1 Current accounts (covering the minimum reserve system) 3,993,473,265.50 4,254,943,088.81<br />
2.2 Deposit facility 6,570,000.Ñ 450,000.Ñ<br />
2.3 Fixed-term deposits Ñ Ñ<br />
2.4 Fine-tuning reverse operations Ñ Ñ<br />
2.5 Deposits related to margin calls Ñ Ñ<br />
3 Other liabilities to euro area credit institutions<br />
denominated in euro Ñ Ñ<br />
4 Debt certificates issued 1<br />
x x<br />
5 Liabilities to other euro area residents<br />
denominated in euro 7,626,156.01 18,485,317.36<br />
5.1 General government 6,903,198.34 16,669,332.60<br />
5.2 Other liabilities 722,957.67 1,815,984.76<br />
6 Liabilities to non-euro area residents<br />
denominated in euro 6,292,924.74 2,377,747.85<br />
7 Liabilities to euro area residents<br />
denominated in foreign currency 47,360.94 76,491,601.88<br />
8 Liabilities to non-euro area residents<br />
denominated in foreign currency 156,255.63 372,099,005.07<br />
8.1 Deposits, balances and other liabilities 156,255.63 372,099,005.07<br />
8.2 Liabilities arising from the credit facility under ERM II Ñ Ñ<br />
9 Counterpart of Special Drawing Rights<br />
allocated by the IMF 204,039,682.Ñ 210,915,010.Ñ<br />
10 Intra-Eurosystem liabilities 9,000,500,379.24 3,063,716,155.Ñ<br />
10.1 Liabilities equivalent to the transfer of foreign reserves 1<br />
10.2 Liabilities related to promissory notes backing<br />
x x<br />
the issuance of ECB debt certificates<br />
10.3 Net liabilities related to allocation of euro banknotes<br />
Ñ Ñ<br />
within the Eurosystem Ñ 3,063,716,155.Ñ<br />
10.4 Other liabilities within the Eurosystem (net) 9,000,500,379.24 Ñ<br />
11 Items in course of settlement Ñ 7,326,392.62<br />
12 Other liabilities 597,408,380.49 785,886,706.52<br />
12.1 Off-balance sheet instrumentsÕ revaluation differences 907,327.70 4,108,930.56<br />
12.2 Accruals and income collected in advance 20,271,797.34 33,281,888.71<br />
12.3 Sundry 576,229,255.45 748,495,887.25<br />
13 Provisions 2,280,637,317.78 2,159,747,078.41<br />
14 Revaluation accounts 1,935,987,262.97 2,369,447,875.54<br />
15 Capital and reserves 4,104,427,565.58 4,212,581,524.28<br />
15.1 Capital 12,000,000.Ñ 12,000,000,Ñ<br />
15.2 Reserves 4,092,427,565.58 4,200,581,524.28<br />
16 Profit for the year 29,753,966.48 47,207,885.07<br />
(of which profit brought forward in 2003: EUR 177,761.25)<br />
35,583,064,122.36 29,272,907,388.41<br />
1 Only an ECB balance sheet item.<br />
Balance Sheet<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2004</strong> ×<br />
79
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