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

Publishing date: 11.07.2012

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

• A decrease of 132.7 million lats or 3.5% in foreign assets mostly as a result of a reduction of 121.5 million lats in the funds deposited in foreign currencies by the Latvian government.
• A decrease of 39.8 million lats or 48.8% in foreign liabilities mostly on account of a change in the lats equivalent of financial instruments. A rise in the amount of funds deposited by the credit institutions and the European Commission had an increasing effect.
• A drop of 115.5 million lats or 5% in domestic liabilities mostly due to decreases of 60.0 million lats or 5.3% and 55.6 million lats or 5% in the respective balances of the funds deposited by the Latvian government and those deposited by the credit institutions.
• The amount of lats in circulation increased by 19.0 million lats or 1.7%.
• An increase of 3.7 million lats or 1.1% in the capital and reserves predominantly on account of the interest income received in June and the result of the investment in financial instruments.