The principal changes in the Bank of Latvia's assets and liabilities on the 31 March 2011 balance sheet as compared to 28 February 2011 and the reasons for these changes.
- A decrease of 61.6 million lats or 1.6% in foreign assets mostly on account of a reduction in the funds deposited in foreign currencies by the Latvian government.
- An increase of 9.0 million lats or 90.3% in foreign liabilities mostly on account of a rise in the funds deposited by the European Commission and the result of the revaluation of the financial derivatives.
- A drop of 71.6 million lats or 2.7% in domestic liabilities mostly due to decreases of 80.6 million lats or 8.0% and 17.4 million lats or 1.1% in the respective balances of Latvian government funds and credit institution funds. An increase of 26.4 million lats or 37.2% in the respective balances of outstanding settlement liabilities and other financial institution funds had an increasing effect on domestic liabilities.
- The amount of lats in circulation decreased by 1.4 million lats or 0.2%.
- An increase of 2.6 million lats or 0.9% in the capital and reserves mostly on account of the interest income received in March and the result of the investment in financial instruments. The result of the revaluation of securities and gold had a decreasing effect.
Janis Caune
Chief Accountant
Bank of Latvia