IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

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Notes to the financial statements continued51. Financial instruments continuedMovements in level 3 liabilitiesThe Group2011Derivative Otherfinancial financialinstruments liabilities Total€m €m €mAt 1 January 2011 7 31 38Total gains or losses- in profit or loss 2 1 3Additions 2 - 2Redemptions and maturities - (14) (14)At 31 December 2011 11 18 29The Group2010Derivative Otherfinancial financialinstruments liabilities Total€m €m €mAt 1 January 2010 11 27 38Total gains or losses- in profit or loss - 4 4Redemptions and maturities (4) - (4)At 31 December 2010 7 31 38The Bank2011Derivative Otherfinancial financialinstruments liabilities Total€m €m €mAt 1 January 2011 7 31 38Total gains or losses- in profit or loss 2 1 3Additions 2 - 2Redemptions and maturities - (14) (14)At 31 December 2011 11 18 29142
Irish Bank Resolution Corporation LimitedAnnual Report & Accounts 2011The Bank2010Derivative Otherfinancial financialinstruments liabilities Total€m €m €mAt 1 January 2010 11 27 38Total gains or losses- in profit or loss - 4 4Redemptions and maturities (4) - (4)At 31 December 2010 7 31 38Analysis of total level 3 gains/(losses) includedin profit or loss2011The Group The Bank2010The Group The Bank€m €m €m €mNet trading expense 227 246 319 319Financial assets designated at fair value 2 2 (23) (4)Loss on deleveraging of other financial assets (89) (89) - -Provisions for impairment - - 6 6Net change in available-for-sale reserve (98) (98) (21) (21)42 61 281 300Analysis of level 3 gains/(losses) included in profitor loss relating to financial assets and financialliabilities held at year end2011The Group The Bank2010The Group The Bank€m €m €m €mNet trading expense 193 211 71 90Net change in available-for-sale reserve (98) (98) (70) (70)95 113 1 20Maturity profile of financial instrumentsThe following tables analyse the Group's financial assets, financial liabilities and derivative financial instruments into relevantmaturity groupings based on the remaining period to the contractual maturity date as at the end of the reporting period. Asliquidity risk is managed on a Group basis, a similar maturity profile for the Bank would not provide meaningful information andtherefore has not been presented.As the information presented in the following tables is prepared on the basis of contractual maturity it should not be taken asan indication of the Group's liquidity risk, which is described in note 50.Assets and related liabilities held in respect of liabilities to customers under investment contracts are separately disclosed as theunderlying liquidity risk is borne by the policyholders and has no direct impact on the results of the Group.Equity interests that are not held for the purpose of managing liquidity risk are not included.143
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Irish Bank Resolution Corporation L
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ContentsIrish Bank Resolution Corpo
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Chairman’s statementIrish Bank Re
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Group Chief Executive’s reviewIri
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Group Chief Executive’s review co
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Business review continuedIrish Bank
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Board of DirectorsIrish Bank Resolu
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Corporate Responsibility continuedI
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Principal risks and uncertainties c
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Principal risks and uncertainties c
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Report of the DirectorsIrish Bank R
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Corporate governance statementIrish
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Corporate governance statement cont
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Corporate governance statement cont
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OpinionIn our opinion:• the Group
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Consolidated statement of comprehen
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Bank statement of financial positio
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IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

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