Commentary to the 10-Day Return Items of the NBS (valid from 01.01.2001 to 12.31.2001)

Commentary on the 10-Day Return Items of the NBS

(valid from 01.01.2001 to 12.31.2001)

A S S E T S

1 Gold

This item includes the value of gold reserve administrated by the NBS; gold used in trading (swap operations) is not included. Gold is valuated at historical price.

2 Deposits with the International Monetery Fund

They include the Slovak Republic’s membership quota paid in foreign currency.

3 Deposits with foreign banks and internationalinstitutions

They represent the foreign currency deposits held at international finance institutions and banks abroad.

4 Receivables from abroad in foreign currency

They are NBS’s loans in foreign currency granted to customers abroad.

5 Receivables from domestic banks

This item consists of the NBS loans granted to domestic commercial banks and branch offices of foreign banks in Slovak crowns and foreign currency.

6 Securities

This item includes purchased domestic and foreign securities tradeable on both domestic and foreign money and capital markets net of relevant provisions.

7 Participations

They represent the NBS’s participations inland and abroad.

8 Other assets

This item includes those assets that are not covered in above items. Except loans granted to NBS´s customers, there are especially tangible and intangible assets net of accumulated depreciation, as well as accruals and deferrals.

L I A B I L I T I E S

1 Currency issued

This item represents the value of bank notes and coins issued by the National Bank of Slovakia.

2 Liabilities to the International MonetaryFund

Liabilities in foreign currency include loan Tranza from the IMF.

3 Liabilities to foreign banks and internationalinstitutions

This item includes the deposits from foreign banks and other international finance institutions held by the NBS in foreign currency and Slovak crowns, and liabilities arising from loans from foreign banks and international institutions in foreign currency as well.

4 Securities issued

This item consists of long-, medium- and short-term securities issued by the NBS in the SR and abroad. The value of the NBS bills issued is offset by NBS bills in its portfolio as well as by bills employed in repo operations.

5 Liabilities to domestic banks

They represent the deposits of commercial banks; the greater portion of these deposits are money reserve deposits.

6 Liabilities to the State

This item represents the liabilities resulting from the state current economy and the debt service financing, as well as the state funds deposits in special earmarked accounts.

7 Other liabilities

This item consists of liabilities not included in other accounts. Besides the deposits of NBS’s customers it represents especially the bank’s reserve, the social fund, remuneration fund, current liabilities to suppliers, employees and third persons.

8 Net Equity

Net equity represents the balance of the Bank’s assets after deducting liabilities. This item includes paid-up own capital, general reserve fund and capital fund. The profit made in the current year is included in “Other own resources”.