Annual Report 2019
Central Bank of the Republic of Armenia
Notes to the 2019 consolidated financial statements
13. Financial instruments at fair value through profit or loss (continued)
As at 31 December 2019 and 31 December 2018 foreign securities at fair value under own management include:
31 December
2019
31 December
2018
346,945,790
35,843,569
639,177,514
24,001,326
100,531,491
231,886,635
763,710,331
614,675,994
In thousands of Armenian Drams
Government bonds
State agency bonds
Other securities
Total
Debt securities at fair value through profit or loss under own management are quoted securities issued by governments
of European countries and US treasury bills, securities issued by state agencies, foreign banks and other financial
institutions.
As at 31 December 2019 and 31 December 2018 the foreign bonds under trust management include:
14.
In thousands of Armenian Drams
Government bonds
State agency bonds
Other securities
Total
Derivative financial instruments
In thousands of Armenian Drams
Derivative financial assets
Foreign currency swaps under own management
Forward contract with the Government
Total derivative financial assets
Derivative financial liabilities
Forward contract with the Government
Foreign currency futures under own management
Foreign currency futures under trust management
Total derivative financial liabilities
31 December
2019
31 December
2018
15,447,463
5,403,404
57,203,389
78,054,256
31 December
2019
31 December
2018
29,911
13,938
43,849
79,455
1,645
54,741
42,299
81,100
97,040
As at 31 December 2018 the Group had 572 short futures contracts with the nominal value of EUR 78,912 thousand or
AMD 43,689,507 thousand at the year-end official exchange rate of EUR to Armenian Dram, which were under
discretionary asset management by the international financial institution for the purposes of regulating the interest rate
risk. These operations were performed as a part of Investment Management Agreement.
As at 31 December 2019 the Group had 10 long futures contracts with the nominal value of EUR 10,000 thousand or
AMD 5,372,600 thousand at the year-end official exchange rate of EUR to Armenian Dram (31 December 2018:
97 short futures contracts with the nominal value of USD 54,600 thousand or AMD 26,412,750 thousand and
8 short futures contracts with the nominal value of EUR 800 thousand or AMD 442,920 thousand).
In thousands of Armenian Drams
Currency forward contract
with the Government
Foreign currency futures
under own management
Foreign currency futures
under trust management
Foreign currency swaps
under own management
Total
Fair value
Nominal value
2019
2018
2019
2018
Asset
Liability
Asset
Liability
9,098,961
5,372,600
3,173,020
26,855,670
79,455
13,938
1,645
54,741
43,689,507
42,299
5,336,320
29,911
14,471,561
79,054,517
81,100
43,849
97,040
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