Notes to the Bank of Latvia Balance Sheet as a t 28 February 2011

Riga, 11.03.2011. 

The principal changes in the Bank of Latvia's assets and liabilities on the 28 February 2011 balance sheet as compared to 31 January 2011 and the reasons for these changes.

  • A decrease of 70.8 million lats or 1.8% in foreign assets mostly on account of a reduction in the funds deposited in foreign currencies by the Latvian government.
  • A fall of 27.7 million lats or 73.6% in foreign liabilities mostly on account of a drop in the funds deposited by the European Commission.
  • A decrease of 49.1 million lats or 1.8% in domestic liabilities mostly due to a drop of 96.5 million lats or 8.7% in the respective balance of Latvian government funds. Increases of 43.0 million lats or 2.9% and 4.2 million lats or 6.6% in the respective balances of credit institution and other financial institution funds had an increasing effect on domestic liabilities.
  • The amount of lats in circulation expanded by 5.0 million lats or 0.5%.
  • An increase of 1.3 million lats or 0.4% in capital and reserves predominantly on account of the result of the revaluation of foreign currencies and gold as well as net interest income received. The result of the revaluation of securities and the result gained from investment in financial instruments had a decreasing effect.

 

J. Caune
Chief Accountant
Bank of Latvia