Letno poročilo 2007 - UniCredit Banka Slovenija dd

Accounting ReportNotes on the Financial StatementsNotes on the Balance SheetNote 1:Cash and cash balances with central banksEUR 1,000 31. 12. 2007 31. 12. 2006Cash on hand 9,224 6,512Cash and balanceswith the central bankObligatory reservewith the central bankOther balances with the centralbank18,529 12,03518,529 5,776- 6,259Total 27,753 18,547The ECB requires credit institutions established in the euro-zone tohold deposits in accounts with their national central bank. These arecalled ‘minimum’ or ‘required’ reserves. The reserve coefficient is2 % for overnight deposits, deposits with an agreed maturity orperiod of notice up to two years, debt securities issued with amaturity of up to two years and money market paper. Liabilities visà-visother credit institutions, subject to the euro system’s minimumreserve requirements, the ECB and euro-zone national central banksare excluded from the reserve base.The lump-sum allowance is 100,000 euros. The minimum calculatedamount of the obligatory reserve as per 31 October 2007, amountedto euros 12,313 thousand. The Bank has to fulfill the requirements inthe period from 12 December 2007 until 15 January 2008.Note 2:Financial assets held for tradingEUR 1,000 31. 12. 2007 31. 12. 2006Debt instruments 135,007 93,290Treasury bills, Republic of Slovenia - 3,656Bonds, Republic of Slovenia 100,717 74,665Bonds, banks 30,069 14,969Bonds, corporates 4,221 -Positive market value of derivatives 54,256 24,129Forwards 1,532 230Options 27,602 7,223Swaps 25,122 16,677Total 189,263 117,419Financial instruments held for trading are shown at their fair value.Using the settlement date accounting in financial year 2007, theamount of financial assets held for trading on 31 December 2007,would be higher in the amount of 1,957 thousand euros. Otherassets presented in note 11 would be lower for the same amount.Bonds are mark-to-market based on prices derived in the internalmodel. Foreign currency forwards are mark-to market based onWall Street. For the calculation of the net present value of interestrate derivatives, the valuation system OPUS is used and for thecalculation of the fair value of foreign currency options, Wall Street isused. For equity options and commodity derivatives, the fair value isbased on the valuation provided by HVB Munich.162 2007 Annual Report · UniCredit Bank