You are here: Financial statements Notes Note 30



30Result from hedge accounting

The results shown from underlying and hedging instruments only include measurement effects from effective fair value hedges.

€ thousand 2011 2010 Change in %
Results from hedging instruments - 2,493 100 -2,593.0
Results from hedged assets 2,542 - 122 - 2,183.6
Total 49 - 22 -322.7

comdirect bank reports these in line with the hedge accounting regulations under IAS 39. Individual bonds (hedged items) in the balance sheet line item “financial investments” are hedged against fluctuations in fair value due to changes in market rates using interest rate swaps (hedging instruments).