Annual Report - VÚB banka

4. Cash and cash equivalents
For the purposes of the cash fl ow statement, cash and cash equivalents comprise the following balances
with an original maturity of less than 90 days:
Note 2007 2006
Cash and balances with central banks 5 4,493 4,872
Treasury bills and other eligible bills 7 9,967 2,974
Current accounts in other banks 6 973 375
Term deposits with central and other banks 6 3,117 11,854
Loans and advances to central banks 6 28,715 22,424
47,265 42,499
5. Cash and balances with central banks
2007 2006
Balances with central banks:
Compulsory minimum reserves 666 1,785
Current accounts 1,022 548
1,688 2,333
Cash in hand 2,805 2,539
4,493 4,872
32
The compulsory minimum reserve is maintained as an interest bearing deposit under the regulations
of the NBS and the CNB. The amount of the compulsory minimum reserve depends on the level of customer
deposits accepted by the VUB Group and is calculated as 2% of a monthly average balance of selected
customer deposits.
The daily balance of the compulsory minimum reserve can vary signifi cantly based on the amount
of incoming and outgoing payments. The VUB Group’s ability to withdraw the compulsory minimum reserve
is restricted by statutory legislation.
6. Loans and advances to banks
2007 2006
Current accounts in other banks 973 375
Loans and advances to:
Central banks 19,912 22,424
Other banks 11,101 2,576
Term deposits with:
Central banks 2,396 665
Other banks 923 12,571
Impairment losses (note 11) (26) (33)
35,279 38,578
Annual Report 2007