Financial risk management: currency risk
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Currency risk
Report 2005: [ Company Overview | Balance Sheet | Income Statement | Cash Flows | Cash and Cash Equivalents | Trading Securities | Other Securities | Due from Other Banks | Loans and Advances to Customers | Other Assets | Due to Other Banks | Deposits from Individuals and Customer Accounts | Debt Securities in Issue | Other Borrowed Funds | Other Liabilities | Share Capital and Share Premium | Interest Income and Expense | Fee and Commission Income and Expense | Administrative and Other Operating Expenses | Income Taxes | Earnings per Share | Dividends | Business Segments | Geographical Segments | Geographical Risk | Currency Risk | Liquidity Risk | Capital Adequacy Ratio | Glossary ] [ Ratio Analysis | Statistics | Financial Data Schedule ]
Currency Risk. The Bank takes on exposure to effects of fluctuations in the prevailing foreign currency exchange rates on its financial position and cash flows. The Committee on Interest Rates and Limits of the Bank sets limits on the level of exposure by currency and in total for both overnight and intra-day positions, which are monitored daily. The table below summarises the Bank's exposure to foreign currency exchange rate risk at 31 December 2005:
In thousands of Russian Roubles
| RR | USD | Euro | Other | Total | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and cash equivalents | 88 645 835 | 12 932 256 | 20 082 376 | 1 708 204 | 123 368 671 |
| Mandatory cash balances with the CBRF | 56 808 779 | - | - | - | 56 808 779 |
| Trading securities | 90 664 817 | 41 150 610 | - | - | 131 815 427 |
| Other securities at fair value through profit or loss | 227 264 157 | 16 734 | - | - | 227 280 891 |
| Due from other banks | 5 890 849 | 1 237 648 | 18 803 732 | - | 25 932 229 |
| Loans and advances to customers | 1 364 240 293 | 397 557 144 | 24 160 827 | 1 329 960 | 1 787 288 224 |
| Repurchase receivable | - | 1 658 705 | - | - | 1 658 705 |
| Investment securities held to maturity | - | 28 398 916 | - | - | 28 398 916 |
| Premises and equipment | 106 849 836 | - | - | - | 106 849 836 |
| Other assets | 14 553 812 | 3 965 326 | 476 391 | 4 730 310 | 23 725 839 |
| Total assets | 1 954 918 378 | 486 917 339 | 63 523 326 | 7 768 474 | 2 513 127 517 |
| Liabilities | |||||
| Due to other banks | 20 465 217 | 3 788 416 | 427 523 | 231 104 | 24 912 260 |
| Deposits from individuals | 1 237 238 199 | 225 991 909 | 48 828 722 | 2 242 974 | 1 514 301 804 |
| Customer accounts | 386 551 681 | 124 936 106 | 34 391 968 | 926 208 | 546 805 963 |
| Debt securities in issue | 69 119 322 | 17 371 023 | 399 183 | - | 86 889 528 |
| Other borrowed funds | - | 60 603 056 | 2 360 809 | - | 62 963 865 |
| Deferred income tax liability | 2 330 419 | - | - | - | 2 330 419 |
| Other liabilities | 13 452 367 | 870 900 | 87 134 | 51 711 | 14 462 112 |
| Subordinated debt | - | 29 393 050 | - | - | 29 393 050 |
| Total liabilities | 1 729 157 205 | 462 954 460 | 86 495 339 | 3 451 997 | 2 282 059 001 |
| Net balance sheet position | 225 761 173 | 23 962 879 | (22 972 013) | 4 316 477 | 231 068 516 |
| Off-balance sheet notional position | 22 187 342 | (44 092 065) | 20 227 265 | 2 445 495 | 768 037 |
| Credit related commitments (Note 33) | 149 644 288 | 122 415 791 | 31 300 173 | 825 347 | 304 185 599 |
Assets
Liabilities
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