NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For <strong>the</strong> year ended 31 December 2011 44.2.2 Interest rate risk Cash flow interest rate risk is <strong>the</strong> risk that <strong>the</strong> future cash flows of a <strong>financial</strong> instrument will fluctuate because of changes in market interest rates. Fair value interest rate risk is <strong>the</strong> risk that <strong>the</strong> value of a <strong>financial</strong> instrument will fluctuate because of changes in market interest rates. The Group manages interest rate risks by moni<strong>to</strong>ring <strong>the</strong> level of mismatch of interest rates by terms on a periodic basis. 153 ANNUAL REPORT 2011 Form B 05/TCTD - HN
44.2.2 Interest rate risk (continued) The table below summaries <strong>the</strong> Group’s exposure <strong>to</strong> interest rate risk. It includes <strong>the</strong> Group’s <strong>financial</strong> instruments at carrying amounts, categorised by <strong>the</strong> earlier of contractual repricing or maturity dates: CURRENCY: Million VND 1-5 years Over 5 years Total 6-12 months 3-6 months 1-3 months Up <strong>to</strong> 1 month Non-interest As at 31 December 2011 Overdue bearing Assets Cash and precious metals - 11,857,270 - - - - - - 11,857,270 Balances with <strong>the</strong> State Bank - 2,807,350 - - - - - - 2,807,350 Placements with and loans <strong>to</strong> o<strong>the</strong>r credit - 454 5,989,547 1,752,864 1,724,461 155,348 - - 9,622,674 institutions (*) Trading securities (*) - 504,786 - - - - - - 504,786 Derivatives and o<strong>the</strong>r <strong>financial</strong> assets - 2,852 - - - - - - 2,852 Loans and advances <strong>to</strong> cus<strong>to</strong>mers (*) 699,095 - 21,756,648 51,715,012 1,762,935 2,161,354 1,848,240 596,203 80,539,487 Investment securities (*) - 152,151 3,245,287 2,509,485 4,463,702 4,778,009 9,070,057 177,734 24,396,425 Investment in o<strong>the</strong>r entities and long-term - - - - - - - investments (*) 822,969 822,969 Fixed assets - 3,707,863 - - - - - - 3,707,863 O<strong>the</strong>r assets (*) - 8,322,700 - 38,828 945 - - - 8,364,473 Total assets 699,095 28,178,395 30,991,482 56,016,189 7,952,043 7,094,711 10,918,297 773,937 142,624,149 Liabilities Due <strong>to</strong> Government and borrowings from - - - - - - - <strong>the</strong> State Bank of Vietnam 2,129,609 2,129,609 Deposits and borrowings from o<strong>the</strong>r credit - - - institutions 3,443,835 4,358,300 2,020,358 3,000,247 849 12,823,589 Funds received from Government, - - - international and o<strong>the</strong>r institutions 4,182,477 218,702 31,250 250,000 31,250 4,713,679 Deposits from cus<strong>to</strong>mers - 924,982 57,240,115 8,897,701 1,729,586 1,151,399 5,144,330 4,139 75,092,252 Certificate of deposits - - 6,685,516 3,322,518 4,493,074 3,107,544 8,056 - 17,616,708 O<strong>the</strong>r liabilities - 14,545,997 - - - - - - 14,545,997 Total liabilities - 15,470,979 73,681,552 16,578,519 8,461,720 7,290,440 5,403,235 35,389 126,921,834 Interest gap of balance sheet items 699,095 12,707,416 (42,690,070) 39,437,670 (509,677) (195,729) 5,515,062 738,548 15,702,315 Interest gap of off balance sheet items - - - - - - - - - Total interest gap 699,095 12,707,416 (42,690,070) 39,437,670 (509,677) (195,729) 5,515,062 738,548 15,702,315 (*): The above balances exclude provision. ANNUAL REPORT 2011 154 ANNUAL REPORT 2011 154 154
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