FOREIGN TRADE BANK OF LATIN AMERICA, INC. (ifrs-full:DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory)

19.

Accumulated other comprehensive income (loss)

The breakdown of accumulated other comprehensive income (loss) related to financial instruments at FVOCI, derivative financial instruments, and foreign currency translation is as follows:

	Financial instruments at FVOCI		Derivative financial instruments		Foreign currency translation adjustment NIIF		Total
Balance as of January 1, 2015		(6,817)		(1,020)		-		(7,837)
Net unrealized gain (loss) arising from the year		(6,267)		(4,942)				(11,209)
Reclassification adjustment for (gains) loss included in the profit of the year ⁽¹⁾		4,153		4,212		-		8,365
Other comprehensive income (loss) from the year		(2,114)		(730)		-		(2,844)

Balance as of December 31, 2015		(8,931)		(1,750)		-		(10,681)

Balance as of January 1, 2016		(8,931)		(1,750)		-		(10,681)
Net unrealized gain (loss) arising from the year		7,048		4,383				11,431
Reclassification adjustment for (gains) loss included in the profit of the year ⁽¹⁾		1,030		(4,581)		-		(3,551)
Other comprehensive income (loss) from the year		8,078		(198)		-		7,880
Balance as of December 31, 2016		(853)		(1,948)		-		(2,801)

Balance as of January 1, 2017		(853)		(1,948)		-		(2,801)
Change in fair value for revaluation by debt instrument, net of hedging		612		(8)		-		604
Change in fair value for revaluation by equity instrument, net of hedging		(228)		415		-		187
Reclassification adjustment for (gains) loss included in the profit of the year ⁽¹⁾		84		2,399		-		2,483
Foreign currency translation adjustment, net		-		-		(60)		(60)
Exchange difference in conversion of foreign operating currency		-		-		1,550		1,550
Other comprehensive income (loss) from the year		468		2,806		1,490		4,764
Balance as of December 31, 2017		(385)		858		1,490		1,963

⁽¹⁾ Reclassification adjustments include amounts recognized in profit of the year that had been part of other comprehensive income (loss) in this and previous years.

The following table presents amounts reclassified from other comprehensive income to the profit of the year:

December 31, 2017
Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income		Affected line item in the consolidated statement of profit or loss where net income is presented
Realized gains (losses) on financial instruments at FVOCI:		-	Interest income – financial instruments at FVOCI
		24	Net gain on sale of financial instruments at FVOCI
		(108)	Derivative financial instruments and hedging
		(84)

Gains (losses) on derivative financial instruments:
Foreign exchange forward		(7,611)	Interest income – loans at amortized cost
		(2,102)	Interest expense – borrowings and deposits
		7,216	Net gain (loss) on foreign currency exchange
Interest rate swaps		86	Net gain (loss) on interest rate swaps
Cross-currency interest rate swap		12	Net gain (loss) on cross-currency interest rate swap
		(2,399)

December 31, 2016
Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income		Affected line item in the consolidated statement of profit or loss where net income is presented
Realized gains (losses) on financial instruments at FVOCI:		-	Interest income – financial instruments at FVOCI
		(7,243)	Net gain on sale of financial instruments at FVOCI
		6,213	Derivative financial instruments and hedging
		(1,030)

Gains (losses) on derivative financial instruments:
Foreign exchange forward		(4,750)	Interest income – loans at amortized cost
		1,679	Interest expense – borrowings and deposits
		6,060	Net gain (loss) on foreign currency exchange
Interest rate swaps		1,104	Net gain (loss) on interest rate swaps
Cross-currency interest rate swap		488	Net gain (loss) on cross-currency interest rate swap
		4,581

December 31, 2015
Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income		Affected line item in the consolidated statement of profit or loss where net income is presented
Realized gains (losses) on financial instruments at FVOCI:		240	Interest income – financial instruments at FVOCI
		393	Net gain on sale of financial instruments at FVOCI
		(4,786)	Derivative financial instruments and hedging
		(4,153)

Gains (losses) on derivative financial instruments:
Foreign exchange forward		(1,822)	Interest income – loans at amortized cost
		-	Interest expense – borrowings and deposits
		(2,390)	Net gain (loss) on foreign currency exchange
		(4,212)

Interest rate swaps		(229)	Net gain (loss) on interest rate swaps

Cross-currency interest rate swap		84	Net gain (loss) on cross-currency interest rate swap

FOREIGN TRADE BANK OF LATIN AMERICA, INC. | CIK:0000890541 |

ifrs-full:DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory