Page 98 - Annual Report 2010

ANNUAL REPORT 2010

96

EUR 31.12.2010 31.12.2009

Current accounts 31 183 332 33 311 981 Money market instruments 42 419 922 72 954 136

73 603 254 106 266 117

EUR 31.12.2010 31.12.2009

Available-for-Sale portfolio 847 111 106 817 899 583 Accrued interests 16 467 775 14 413 983

863 578 881 832 313 566

4. Detailed disclosures relating to asset headings

4.1 Cash and cash equivalents

The effective interest rate on short-term bank deposits is 0.8% (2009: 0.5%). These deposits have an average remaining maturity of 33 days (2009: 26 days).

Cash and cash equivalents is as follows:

4.2 Debt securities and other fixed income securities

The Fund’s portfolio includes long-term debt instruments i.e. bonds, notes and other obligations.

Debt securities and other fixed income securities held by the Fund are all quoted on an active market.

The Fund participates as lender in a Securities Lending and Borrowing Programme with three counterparties; the fair value of securities lent at year-end amounts to EUR 94 711 487 (2009: EUR 51 225 956).

Movement in debt securities and other fixed income securities

EUR 2010 2009 Fair value at 1 January 832 313 566 495 733 011

Additions 360 000 091 449 476 970 Disposals (281 972 280) (129 495 650) Effective interest rate adjustment 3 554 286 1 082 109 Change in Fair value reserve (50 316 782) 15 517 126

Fair value at 31 December 863 578 881 832 313 566