GENERAL MEETING DRAFT - Bankier.pl

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As already specified in Section 2 of Assets, Financial liabilities held for trading decreased from
�165,335m at end 2008 to �114,045m at December 31, 2009. The decrease of financial liabilities is
connected to the overall deleveraging, while the derivatives item decrease was mainly due to the
fluctuations in market prices (e.g. interest rates, exchange rates, share prices, etc.) especially in Q2 2009.
In average terms 8 , this item amounted to �143,321m in 2009 and �127,165m in 2008.
The average cost of these liabilities was 0.95% in 2009, down by 0.07% over the 1.02% recorded in 2008.
4.1 Financial liabilities held for trading: product breakdown (� '000)
Amounts as at Amounts as at
Type of operations / Group
components
A. Financial liabilities
Nominal
Value Level 1
12.31.2009
Fair Value
Level 2 Level 3
Fair
Value*
Nominal
Value Level 1
12.31.2008
Fair Value
Level 2 Level 3
Fair
Value*
1. Deposits from banks 304,897 413,127 314,145 498 723,981 5,708,986 697,806 5,059,186 880 5,749,070
2. Deposits from customers 16,523,400 5,095,740 16,672,064 835 21,691,117 21,583,312 5,905,942 17,458,544 2,077 21,596,592
3. Debt securities 14,680,888 3,016,297 10,897,173 703,797 14,617,388 15,790,492 14,233,030 226,542 1,306,372 15,765,964
3.1 Bonds 10,379,246 3,016,297 7,104,819 197,766 10,315,746 11,154,813 10,082,233 86,147 967,163 11,135,543
3.1.1 Structured 853,071 - 866,464 25 X 446,114 140,230 86,147 99,468 X
3.1.2 Other 9,526,175 3,016,297 6,238,355 197,741 X 10,708,699 9,942,003 - 867,695 X
3.2 Other securities 4,301,642 - 3,792,354 506,031 4,301,642 4,635,679 4,150,797 140,395 339,209 4,630,421
3.2.1 Structured 4,301,521 - 3,792,354 506,031 X 4,454,013 4,120,067 - 333,947 X
3.2.2 Other 121 - - - X 181,666 30,730 140,395 5,262 X
Total A
B. Derivative instruments
31,509,185 8,525,164 27,883,382 705,130 37,032,486 43,082,790 20,836,778 22,744,272 1,309,329 43,111,626
1. Financial derivatives X 5,983,794 65,383,989 630,753 X X 8,921,198 90,417,153 2,182,924 X
1.1 Trading X 5,981,940 64,561,723 221,712 X X 8,887,463 89,338,027 1,947,046 X
1.2 Related to fair value option X 24 352,008 - X X - 479,184 - X
1.3 Other X 1,830 470,258 409,041 X X 33,735 599,942 235,878 X
2. Credit derivatives X 304,656 3,364,685 1,263,662 X X - 14,433,747 4,489,777 X
2.1 Trading derivatives X 304,656 3,345,481 1,263,629 X X - 14,400,649 4,489,777 X
2.2 Related to fair value option X - 18,868 - X X - 31,945 - X
2.3 Other X - 336 33 X X - 1,153 - X
Total B - 6,288,450 68,748,674 1,894,415 - - 8,921,198 104,850,900 6,672,701 -
Total A+B 31,509,185 14,813,614 96,632,056 2,599,545 37,032,486 43,082,790 29,757,976 127,595,172 7,982,030 43,111,626
Total Level 1, Level 2 and Level 3 114,045,215
165,335,178
Valuations at fair value were classified according to a hierarchy of levels reflecting the significance of the valuations input. For further information see Part
A) Accounting Policies – A3) Information on fair value.
“Deposits from banks” and “Deposits from customers” include technical overdrafts totalling �5,665m, in respect of which no notional amount was attributed.
4.2 Breakdown of item 40 "Financial liabilities held for trading": subordinated liabilities (� '000)
Amounts as at
12.31.2009 12.31.2008
Financial liabilities held for trading: subordinated liabilities 429,749 241,382
4.3 Breakdown of item 40 "Financial liabilities held for trading": structured debts (� '000)
Amounts as at
Carrying value Carrying value
12.31.2009 12.31.2008
Financial liabilities held for trading: structured debts 14,946 -
8
The average balances and related ratios (yield/costs) were calculated by considering the assets/liabilities balances at the end of each quarter in 2009
and at end 2008.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
278