Annual Report 2010 - ProCredit Bank

Financial Statements 69
31 December 2010 Up to 1 – 3 3 – 12 1 – 2 2 – 5 over 5 Non-Interest Total
1 month months months years years years Bearing
Assets
Cash and balances with
the Central Bank – – – – – – 21,025,345 21,025,345
Loans and advances
to banks – – – – – – 713,645 713,645
Loans and advances
to customers 20,195,363 2,615,628 10,136,201 6,573,369 6,597,423 367,418 490,955 46,976,357
Derivative Financial
Assets – – – – – – 105 105
Available-for-sale
financial assets – – – – – – 13,618 13,618
Other financial
investments – – – – – – 7,924 7,924
Other assets – – – – – – 375,794 375,794
Total assets 20,195,363 2,615,628 10,136,201 6,573,369 6,597,423 367,418 22,627,386 69,112,788
Liabilities
Liabilities to banks 2,195,180 – – – – – – 2,195,180
Derivative financial
liabilities – – 5,649 – – – – 5,649
Due to customers 11,536,786 6,227,789 9,825,335 191,503 315,460 76,256 8,959,597 37,132,726
Other borrowed funds 4,096,457 3,562,136 5,892,627 624,490 4,930,705 – 244,369 19,350,784
Subordinated debt – – – – 2,886,643 – – 2,886,643
Other liabilities – – – – – – 568,952 568,952
Total liabilities 17,828,423 9,789,925 15,723,611 815,993 8,132,808 76,256 9,772,918 62,139,934
Interest sensitivity gap 2,366,940 (7,174,297) (5,587,410) 5,757,376 (1,535,385) 291,162 12,854,468 6,972,854
31 December 2009
Total Assets 18,098,739 2,995,595 9,285,638 7,129,894 8,401,263 629,121 17,839,945 64,380,195
Total Liabilities 18,475,793 8,038,183 12,052,248 1,452,038 9,201,665 454,517 7,079,199 57,726,643
Interest sensitivity gap (377,054) (5,042,588) (2,766,610) 5,677,856 (800,402) 174,604 10,760,746 6,653,552
Negative gap in time brackets in the table shown above is the consequence
of significant volume of assets being immobilized in
minimum reserves. Part of the minimum reserves kept in foreign
currency is not interest rate sensitive.
At 31 December 2009, if interest rates had been 200 basis points
lower with all other variables were held constant, the Group’s profit
for the year would respectively increase by approximately RSD
112,861 thousand (2008: increase by RSD 8,803 thousand). The
following table indicates influence in the movements of interest
rates to profit/loss for 2009 and 2008 respectively.
Income statement sensitivity to change in interest rates
2% increase of interest rates 2% decrease of interest rates
Total EUR RSD Total EUR RSD
31 December 2010 (58,640) (71,852) 17,342 58,640 71,852 (17,342)
Income statement sensitivity to change in interest rates
2% increase of interest rates 2% decrease of interest rates
Total EUR RSD Total EUR RSD
31 December 2009 (112,861) (112,957) 2,685 112,861 112,957 (2,685)
At 31 December 2009, if interest rates had been 200 basis points
lower with all other variables were held constant, the Group’s economic
value of the capital would respectively increase by approximately
RSD 259,901 thousand (2008: decrease by RSD 256,780
thousand). The following table indicates influence in the movements
of interest rates to economic value of the Group’s capital for
31 December 2009 and 2008 respectively.