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Notes

30 Result from hedge accounting

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

€ thousand 2012 2011 Change
in %
Results from hedging instruments - 698 - 2,493 - 72.0
Results from hedged items 690 2,542 - 72.9
Total - 8 49 - 116.3

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).