Annual Report 2010 - ProCredit Bank

Financial Statements 71
Assessment of the expected inflows of the financial assets were
done on the basis of contractual cash flows diminished on the basis
of the historical data on write offs and premature repayments of
loans by clients.
D.2 Derivatives settled on a gross basis
The Group’s derivatives that will be settled on a gross basis include
Foreign currency swaps.
The table below analyses the Group’s derivative financial instruments
that will be settled on a gross basis into relevant maturity
groupings based on the remaining period at the balance sheet to
the contractual maturity date. The amounts disclosed in the table
are the contractual undiscounted cash flows.
At 31 December 2010 Less than From 1 – 3 From 3 – 12 Over Total
one month months months 1 Year
Foreign currency swaps:
Outflow – – 490,567 – 490,567
Inflow – – 495,706 – 495,706
At 31 December 2009
Foreign currency swaps:
Outflow – – 64,154 – 64,154
Inflow – – 61,202 – 61,202
D.3 Derivatives settled on a net basis
The Group’s derivatives that will be settled on a net basis include
interest rate swaps.
The table below analyses the Group’s derivative financial instruments
that will be settled on a net basis into relevant maturity
groupings based on the remaining period at the balance sheet to
the contractual or settlement maturity date. The amounts disclosed
in the table are the contractual undiscounted cash flows.
At 31 December 2010 Less than From 1 – 3 From 3 – 12 Over Total
one month months months 1 Year
Interest rate swaps:
Outflow – – 4,460 – 4,460
Inflow – – – – –
At 31 December 2009
Interest rate swaps:
Outflow – – 4,416 – 4,416
Inflow – – – – –
D.4 Contingent Liabilities and Credit Commitments
The table below provides analysis of the maturity structure of contingent
liabilities and credit commitments on the basis of remaining
maturity. Entire stock of credit commitments is related to local
currency potential loan placements to clients, maturing mostly up
to 24 months.
At 31 December 2010 No later than 1 – 4 Over 4 Total
1 year years years
Approved but unused overdraft
limits for consumer clients 140,284 – – 140,284
Approved but unused overdraft l
imits for business clients 1,264,716 – – 1,264,716
Approved but unused credit card limits 207,430 349,011 – 556,441
Payments and guarantees 2,039,677 850,465 2,377,222 5,267,364
Letters of credit 97,538 – – 97,538
Performance guarantees 374,526 323,197 122,678 820,401
Total 4,124,171 1,522,673 2,499,900 8,146,744