Annual Report - VÃB banka
Annual Report - VÃB banka
Annual Report - VÃB banka
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8. Derivative financial instruments (continued)<br />
2007 2006 2007 2006<br />
Assets Assets Liabilities Liabilities<br />
Trading derivatives - Notional values<br />
Interest rate instruments<br />
Swaps 38,428 47,260 38,428 47,260<br />
Forward rate agreements 21,482 - 21,482 -<br />
59,910 47,260 59,910 47,260<br />
Foreign currency instruments<br />
Forwards and swaps 36,734 44,652 36,841 44,411<br />
Cross currency swaps 2,273 - 2,199 -<br />
Options 3,541 4,062 3,539 4,062<br />
42,548 48,714 42,579 48,473<br />
Equity and commodity instruments<br />
Equity options 680 149 680 149<br />
Commodity options 76 - 76 -<br />
103,214 96,123 103,245 95,882<br />
Cash fl ow hedge of interest rate risk<br />
The VUB Group uses one interest rate swap to hedge the interest rate risk arising from the issuance of a<br />
fl oating rate mortgage bond. The cash fl ows on the interest rate swap substantially match the cash fl ow<br />
profi le of the fl oating rate mortgage bond.<br />
34<br />
9. Available-for-sale financial assets<br />
Share<br />
Share<br />
in 2007 in 2006 2007 2006<br />
Bank bonds at fair value 2,654 2,599<br />
Equity shares at cost<br />
Burza cenných papierov v Bratislave, a. s. - 6.69% - 23<br />
Burza cenných papirů Praha, a.s. - 8.32% - 28<br />
RVS Studené, a.s. 8.26% 8.26% 17 17<br />
S.W.I.F.T 0.02% 0.02% 2 2<br />
19 70<br />
Impairment losses - (2)<br />
19 68<br />
2,673 2,667<br />
<strong>Annual</strong> <strong>Report</strong> 2007