Notes to the Bank of Latvia Balance Sheet as at 30 April 2012

Publishing date: 11.05.2012

The principal changes in the Bank of Latvia's assets and liabilities on the 31 March 2012 balance sheet as compared to 30 April 2011 and the reasons for these changes.

• A decrease of 104.8 million lats or 2.7% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government.
• An increase of 9.8 million lats or 40.3% in foreign liabilities mostly on account of a rise in the funds deposited by the European Commission.
• A drop of 107.2 million lats or 4.6% in domestic liabilities mostly due to decreases of 37.7 million lats or 3.4%, 48.5 million lats or 4.1% and 22.0 million lats or 91.4% in the respective balances of Latvian government deposits, credit institution deposits and other domestic liabilities.
• The amount of lats in circulation increased by 13.2 million lats or 1.2%.
• A decrease of 20.0 million lats or 5.6% in capital and reserves was primarily affected by a part of the Bank of Latvia's profit earned in 2011 and appropriated to the state budget in the amount of 20.8 million lats.