Annual Report 2012 - The Cyprus Development Bank

NOTES TO THE FINANCIAL STATEMENTSFor the year ended 31 December 201231. FINANCIAL RISK MANAGEMENT (continued)(b) Market risk (continued)(ii) Interest rate risk (continued)THE COMPANY2012BetweenBetween three BetweenUpto one and months one and Over Nononethree and one five five interestmonth months year years years bearing Total€ ‘000 € ‘000 € ‘000 € ‘000 € ‘000 € ‘000 € ‘000ASSETSCash and balances withcentral banks 77.801 - - - - 732 78.533Balances with other banks 73.584 150 225 917 - - 74.876Loans and advances 283.758 46.679 54.856 - - 29.188 414.481Equity investments - - - - - 1.288 1.288Debt securities 1.180 5.561 27.615 36.174 723 - 71.253Subsidiary companies - 502 1.778 5.855 - 10.482 18.617Property, equipment &intangible assets - - - - - 4.280 4.280Other assets - - - - - 1.970 1.970Total assets 436.323 52.892 84.474 42.946 723 47.940 665.298LIABILITIES & EQUITYClient deposits 120.197 96.655 211.378 44.554 - 125.528 598.312Repurchase agreements - - - 15.157 - - 15.157Borrowings 905 - - - - - 905Other liabilities - - - - - 6.016 6.016Loan capital - - 15.085 - - - 15.085Share capital and reserves - - - - - 29.823 29.823Total liabilities & equity 121.102 96.655 226.463 59.711 - 161.367 665.298Net Position 315.221 (43.763) (141.989) (16.765) 723 (113.427) -Change in interest rates-1% - effect on profit (3.152) 438 1.420 168 (7) - (1.133)Change in interest rates+1% - effect on profit 3.152 (438) (1.420) (168) 7 - 1.13354