Goldman Sachs 2002 Annual Report Download - page 52

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Please find page 52 of the 2002 Goldman Sachs annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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The following chart presents the daily VaR for substantially all of our trading positions during 2002:
Managem ent’s D iscussion and A nalysis
50 G O L D M A N SA CH S 2002 AN N UA L R EPO RT
FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
70
60
50
40
30
20
10
0
80
DAILY VaR
($ IN MILLIONS)
DAILY VaR
Trading Net Revenues Distribution
Substantially all of our inventory positions are marked-to-market on a daily basis and changes are recorded in net rev-
enues. The following chart sets forth the frequency distribution for substantially all of our daily trading net revenues for
the year ended November 2002:
0
20
40
60
80
100
NUMBER OF DAYS
($ IN MILLIONS)
DAILY TRADING NET REVENUES
>80
60-80
40-60
20-40
0-20(20)-0
<(20)
DAILY TRADING NET REVENUES