Annual report 2011 - VTB

VTB BankNotes to the Consolidated Financial Statements – 31 December 2011 and 2010(in billions of Russian Roubles)38. Financial Risk Management (continued)Geographical concentration (continued)Geographical concentration information is based on geographical location of the Group’s counterparts. As at31 December 2010 the geographical concentration of the Group’s assets and liabilities is set out below:RussiaOECDOthercountriesAssetsCash and short-term funds 177.8 83.8 13.9 275.5Mandatory cash balances with central banks 19.0 1.6 5.8 26.4Financial assets at fair value through profit or loss 283.3 45.4 15.9 344.6Financial assets pledged under repurchaseagreements and loaned financial assets 11.5 5.0 0.4 16.9Due from other banks 174.5 163.0 12.4 349.9Loans and advances to customers 1,919.4 71.9 794.1 2,785.4Financial assets available-for-sale 26.3 15.7 13.9 55.9Investments in associates and joint ventures 11.8 2.1 1.8 15.7Investment securities held-to-maturity 33.0 0.4 0.8 34.2Premises and equipment 103.1 3.2 6.9 113.2Investment property 101.4 – 0.8 102.2Intangible assets 29.2 0.5 0.8 30.5Deferred tax asset 32.0 4.3 1.6 37.9Other assets 78.4 10.8 13.4 102.6Total assets 3,000.7 407.7 882.5 4,290.9LiabilitiesDue to other banks 275.9 81.0 40.4 397.3Customer deposits 2,045.5 28.0 139.4 2,212.9Other borrowed funds 63.5 114.7 7.5 185.7Debt securities issued 251.5 338.9 2.7 593.1Deferred tax liability 6.3 – 1.0 7.3Other liabilities 54.3 53.5 3.1 110.9Subordinated debt 195.3 10.2 – 205.5Total liabilities 2,892.3 626.3 194.1 3,712.7Net balance sheet position 108.4 (218.6) 688.4 578.2Net off-balance sheet position – Credit RelatedCommitments 229.8 12.7 22.5 265.0Total74