Annual Report 2019
Central Bank of the Republic of Armenia
Notes to the 2019 consolidated financial statements
27. Related party transactions (continued)
Transactions with other related parties
The information in the tables below relates to the balances and results of transactions with the entities, in the governing
body of which the Bank has its representatives.
In thousands of Armenian Drams
Consolidated statement of financial position
Liabilities
31 December 2019
Balance
outstanding
Average
contractual
interest rate
Balance
outstanding
31 December 2018
Average
contractual
interest rate
Current accounts and term deposits
(domestic currency) (Note 20)
Current accounts (foreign currency) (Note 20)
284,157
1,475,390
5.5%
0.0%
49,870
1,745,105
5.6%
0.0%
Total
1,759,547
1,794,975
The movement of deposits and current accounts of transactions with other related parties was as follows:
In thousands of Armenian Drams
Balance at 1 January
Additions
Interest charge
Redemption (including interest payment)
Balance at 31 December
2019
1,794,975
2018
119,887,747
3,060,662
241,526,352
28,256
(119,951,431)
1,759,547
54,555
(242,846,594)
1,794,975
28.
Cash and cash equivalents
Cash and cash equivalents at the end of the financial year as shown in the consolidated statement of cash flows are
composed of the following items:
In thousands of Armenian Drams
Cash
Nostro accounts (Note 12)
SDR holdings in the IMF (Note 16)
Total cash and cash equivalents
29.
Fair value of financial instruments
31 December
2019
31 December
2018
39,603,848
534,601,773
2,953,756
577,159,377
355,967,550
42,238,172
310,841,888
2,887,490
Fair value measurements are analysed by level in the fair value hierarchy as follows: (i) level one are measurements at
quoted prices (unadjusted) in active markets for identical assets or liabilities, (ii) level two measurements are valuation
techniques with all material inputs observable for the asset or liability, either directly (that is, as prices) or indirectly (that
is, derived from prices), and (iii) level three measurements are valuations not based on observable market data (that is,
unobservable inputs). Management applies judgement in categorising financial instruments using the fair value hierarchy.
If a fair value measurement uses observable inputs that require significant adjustment, that measurement is a Level 3
measurement. The significance of a valuation input is assessed against the fair value measurement in its entirety.
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