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 />
18. PURCHASED LOANS HELD TO MATURITY (CONTINUED)<br />
The movements in provision for impairment of purchased loans are summarized as follows:<br />
2005 2004<br />
Balance as at 1 January 1,451 1,961<br />
Provisions charged - 608<br />
Reversal of provisions (132) -<br />
Write – offs (649) (1,118)<br />
Balance as at 31 December 670 1,451<br />
19. EQUITY INVESTMENTS<br />
Investments in subsidiaries:<br />
2005 2004<br />
<strong>Raiffeisen</strong> osiguranje d.d., Sarajevo - 2,923<br />
MI Group d.o.o., Sarajevo 1,610 1,610<br />
<strong>Raiffeisen</strong> brokers d.o.o.,Sarajevo 507 200<br />
Investments in minority interest:<br />
Euromarket bank, Podgorica - 600<br />
PIF MI Group d.d. Sarajevo 533 100<br />
Others 22 22<br />
Total investments 2,672 5,455<br />
Provision for impairment (188) (576)<br />
Total 2,484 4,879<br />
During 2005 the <strong>Bank</strong> has sold all 6,690 shares of <strong>Raiffeisen</strong> osiguranje d.d. Sarajevo to UNIQA International<br />
Beteiligungs-Verwaltungus GmbH. Net income earned from sale of above-mentioned shares was KM 3,471<br />
thousand. Additionally, on 26 April 2005 the <strong>Bank</strong> has sold all 600 shares of Euromarket banka AD Podgorica<br />
to Nova Ljubljanska banka d.d. Ljubljana. Net income earned from sale of above-mentioned shares was KM 467<br />
thousand. Proceeds from both transactions in total amount of KM 7,462 thousand have been collected in full amount.<br />
The movements in the provision for impairment of investments are summarized as follows:<br />
2005 2004<br />
Balance as at 1 January 576 1,749<br />
Provisions charged 95 476<br />
Reversal of provisions (483) (1,649)<br />
Balance as at 31 December 188 576<br />
Financial statement<br />
www.raiffeisenbank.ba<br />
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