Annual Report - VÚB banka

2007 2006 2007 2006
Assets Assets Liabilities Liabilities
Trading derivatives - Notional values
Interest rate instruments
Swaps 38,428 47,260 38,428 47,260
Forward rate agreements 21,482 - 21,482 -
59,910 47,260 59,910 47,260
Foreign currency instruments
Forwards and swaps 36,734 44,652 36,841 44,411
Cross currency swaps 2,273 - 2,199 -
Options 3,541 4,062 3,539 4,062
42,548 48,714 42,579 48,473
Equity and commodity instruments
Equity options 1,100 149 1,100 149
Commodity options 76 - 76 -
103,634 96,123 103,665 95,882
Equity instruments include also options for the purchase of a 30% shareholding in B.O.F., a.s. held by the
Bank with notional values of Sk 420 million in assets and Sk 420 million in liabilities. These options are not
revalued, because their fair value cannot be reliably measured.
Cash fl ow hedge of interest rate risk
The Bank uses one interest rate swap to hedge the interest rate risk arising from issuance of a fl oating rate
mortgage bond. The cash fl ows on the interest rate swap substantially match the cash fl ow profi le of the
fl oating rate mortgage bond.
85
8. Available-for-sale financial assets
Share
Share
in 2007 in 2006 2007 2006
Bank bonds at fair value 2,654 2,599
Equity shares at cost
Burza cenných papierov v Bratislave, a. s. - 6.69% - 23
Burza cenných papirů Praha, a.s. - 8.32% - 28
RVS Studené, a.s. 8.26% 8.26% 17 17
S.W.I.F.T 0.02% 0.02% 2 2
19 70
Impairment losses - (2)
19 68
2,673 2,667
VUB, a bank of Intesa Sanpaolo group