Bilansi uspjeha - Raiffeisen Bank
Bilansi uspjeha - Raiffeisen Bank
Bilansi uspjeha - Raiffeisen Bank
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Notes to the financial statements<br />
31 December 2005 and 2004<br />
(all amounts are expressed in thousands of KM)<br />
12. IMPAIRMENT LOSSES AND PROVISIONS<br />
2005 2004<br />
Placements with banks (3) 16<br />
Loans and receivables 20,122 18,743<br />
Purchased loans (132) 608<br />
Fixed assets (38) 1,068<br />
Equity investments (388) (1,173)<br />
Other assets 113 96<br />
Provisions 6,216 3,144<br />
Total 25,890 22,502<br />
13. INCOME TAX<br />
2005 2004<br />
Profit before income tax 24,229 21,146<br />
Non-deductible expenses and<br />
taxable income relieves<br />
9,392 3,778<br />
Taxable income 33,621 24,924<br />
Income tax liability of 30% 10,086 7,477<br />
Income tax exemption (10,086) (7,477)<br />
Income tax liability - -<br />
Tax liability is based on accounting income taking into the account non-deductible expenses and non-taxable income.<br />
Tax income rate for the years ended 31 December 2005 and 2004 was 30%. According to the fiscal legislation, the<br />
<strong>Bank</strong>’s exemption from income tax is based on planned investments in fixed assets in the next year. Income tax exemp-<br />
tions for investments in fixed assets are available on continuous basis.<br />
14. CASH AND DUE FROM BANKS<br />
2005 2004<br />
Cash on hand in domestic currency 27,597 17,923<br />
Cash on hand in foreign currency 17,055 19,639<br />
Current account in domestic currency with the Cen-<br />
tral <strong>Bank</strong> 29,048 101,102<br />
Correspondent accounts with banks in foreign cur-<br />
rency 16,328 10,262<br />
Checks in foreign currency 92 85<br />
Total 90,120 149,011<br />
Financial statement<br />
www.raiffeisenbank.ba<br />
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