Bilansi uspjeha - Raiffeisen Bank

Notes to the financial statements
31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
10. COLLECTED WRITE-OFFS
2005 2004
Principal 3,778 4,401
Interest 2,084 1,645
Fees 65 99
Total 5,927 6,145
11. GENERAL AND ADMINISTRATIVE EXPENSES
2005 2004
Personnel expenses 37,551 32,636
Services 5,472 5,839
Rent 4,832 4,016
Telecommunication expense 3,131 2,852
Deposits insurance premiums 3,625 2,938
Representation and marketing expense 3,037 2,436
Current repairs 2,477 2,096
Material expenses 2,034 1,629
Assets insurance premiums 3,029 2,601
Energy 643 592
Consultancy expenses 4,823 511
Foreign exchange losses 272 542
Education 377 400
Donations 408 294
Disposals of fixed assets 237 190
Other expenses 3,085 4,896
Total 75,033 64,468
The Bank does not have pension arrangements separate from Bosnia and Herzegovina pension system. This system
requires that current contributions by the employer be calculated as a percentage of current gross salary payments
and taxes on net salary; these expenses are charged to the profit and loss statement in the period the related compensation
is earned by the employee.
The average number of personnel employed by the Bank during the years ended 31 December 2005 and 2004 was
1,161 and 1,061, respectively.
Financial statement
www.raiffeisenbank.ba
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