The principal changes in the Bank of Latvia's assets and liabilities on the 30 November 2011 balance sheet as compared to 31 October 2011 and the reasons for these changes.
- A decrease of 282.1 million lats or 7.2% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government. A rise in the amount of funds deposited by commercial banks had an increasing effect.
- A decrease of 4 million lats or 9.2% in foreign liabilities mostly on account of a reduction in the amount of funds deposited by the European Commission and the cash collateral received for securing financial transactions with the result of the revaluation of financial instruments having an increasing effect.
- A drop of 318 million lats or 12.3% in domestic liabilities mostly due to decreases of 411 million lats or 30.2% and 79.4 million lats or 7% in the respective balances of Latvian government deposits and credit institution deposits with the increase of 172.7 million lats or 190.3% in the respective balance of other financial institution deposits having an increasing effect.
- The amount of lats in circulation increased by 59.6 million lats or 5.9%.
- A decrease of 19.9 million lats or 6.5% in the capital and reserves predominantly on account of the result of the revaluation of financial instruments. Conversely, interest income received had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia