Letno poročilo 2009.pdf - UniCredit Banka Slovenija dd

Financial StatementsNotes on the Financial StatementsAnnual changes, level 3EUR 1,000 2009 2008Balance at 1. 1. 16,730 20,444Increases 1,138 2,081New loans 651 1,400Positive changes in fair value 145 564Exchange rate differences 342 117Decreases (11,502) (5,795)Redemption (11,167) (5,792)Exchange rate differences (335) (3)Balance at 31. 12. 6,366 16,730Loans designated at fair value through profit or loss bear fixed interest rate and are hedged to reference interest rate by interest rate swap.Interest rate swap is recognized at fair value, therefore is also a loan designated at fair value through profit or loss. The largest exposure to thecredit risk from the loan, given to the non-resident on 31 December 2009 amounts to 4,794 thousand euros.Clarification on determination of the fair value hierarchy is in Accounting principles under Use of estimates and judgements, determining fairvalues.Note 4: Available-for-sale financial assetsEUR 1,000 31. 12. 2009 31. 12. 2008Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 TotalEquity instruments 53,698 - 229 53,927 - - 282 282Bonds, Republic of Slovenia - 163,160 - 163,160 - 136,876 - 136,875Bonds, central government units 35,487 - - 35,487 30,812 - - 30,812Bonds, banks - 87,043 12,991 100,034 - 9,648 30,225 39,874Bonds, corporates - - - - 9,546 - - 9,546Total 89,185 250,203 13,220 352,608 40,358 146,524 30,507 217,389The Slovenian bond market is characterized by rather low liquidity and low issue volumes. Consequently, the market value as quoted on thestock exchange regularly doesn’t reflect the fair value of a bond. Therefore, fair value of the majority of bonds in the Bank’s Available-for-saleportfolio is measured by valuation model. Clarification on determination of the fair value hierarchy is in the Accounting principles under theUse of estimates and judgements, determining fair values.As at December 31, the pool of securitis eligible for borrowings from the Central banks amounts to 207,552 thousand euros.Annual changes, shares, level 3EUR 1,000 2009 2008Balance at 1. 1. 282 350Increases - 1,204Purchase - -Positive changes in fair value and exchange rate differences - 1,204Decreases (53) (1,272)Sales - (1,272)Negative changes in fair value (53) -Balance at 31. 12. 229 282182 2009 Annual Report · UniCredit Bank