Investor Presentaiton
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
41
FINANCIAL ASSETS AND LIABILITIES (CONTINUED)
B. Fair value of financial instruments
The table below analyses financial instruments measured at fair value on a recurring basis. The different
levels in the fair value hierarchy have been defined as follows:
Level 1: quoted prices (unadjusted) in principal markets for identified assets or liabilities.
Level 2: valuation using inputs other than quoted prices included within Level 1 that are observable for
the assets or liabilities, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
Level 3: valuation using inputs for the assets or liabilities that are not based on observable market data
(unobservable inputs).
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
41
FINANCIAL ASSETS AND LIABILITIES (CONTINUED)
B. Fair value of financial instruments (continued)
The following table shows a reconciliation from the beginning balances to the ending balances for the fair
value measurements in Level 3 of the fair value hierarchy.
31 December 2021
Investment securities
Trading securities at FVTPL
Trading
securities at
FVTPL
AED 000
Balance as at 1 January 2021
Designated
at FVTPL
AED 000
161,928
FVOCI-
debt
instruments
AED 000
Level 1
AED 000
Level 2
AED 000
Level 3
AED 000
Total
AED 000
Total gains or losses:
(8,843)
Government Bonds
1,939,565
Corporate Bonds
387,814
Equity
156,687
Others
8,294
2,492,360
FVOCI debt instruments
Government Bonds
10,903,144
16,266
1,939,565
387,814
156,687
8,294
---------
2,492,360
10,919,410
in profit or loss
in other comprehensive
income
Purchases
Issues
Settlements and other
adjustments
FVOCI-
equity
instruments
AED 000
Total
AED 000
5,765
167,693
(222)
95,526
(8,843)
(222)
95,526
(726)
(121)
(847)
Transfers into Level 3
Corporate Bonds
5,989,331
Transfers out of Level 3
----------
16,892,475
16,266
5,989,331
16,908,741
Balance as at 31 December 2021
152,359
100,948
253,307
FVOCI - equity instruments
459,840
869
100,948
561,657
Designated at FVTPL
Corporate Bonds
Equity
Others
Positive fair value of derivatives
Derivatives held for trading
Derivatives held as cash flow hedges:
Interest rate swaps
Derivatives held as fair value hedges:
Interest rate swaps
9,782
90,010
99,792
151,634
725
152,359
161,416
90,735
252,151
10,133,018
10,133,018
238,462
238,462
287,445
287,445
Derivatives held as hedge of a net
investment in foreign operations:
Forward foreign exchange contracts
10,658,925
10,658,925
Negative fair value of derivatives
Derivatives held for trading
(7,966,273)
(7,966,273)
Derivatives held as cash flow hedges:
Interest rate swaps
(121,895)
(121,895)
Derivatives held as fair value hedges:
Interest rate swaps
(1,088,283)
(1,088,283)
Derivatives held as hedge of a net
investment in foreign operations:
Forward foreign exchange contracts
19,944,467
(9,870)
(9,186,321)
1,489,739
(9,870)
(9,186,321)
253,307 21,687,513
81
EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
82
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