KB prezent. angl - Komerční banka

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108 ➔109 Unconsolidated Financial Statements under CAS 29. Related parties The following table summarises loans issued to Group companies and their deposits with the Bank: CZK million 2003 2002 2001 Company Komerční banka Bratislava, a. s. 0 1 86 CAC LEASING, a. s. x 886 890 Factoring KB, a. s. 265 199 311 Všeobecná stavební spořitelna Komerční banky, a. s. 113 238 662 MUZO, a. s. 318 406 495 Total loans 696 1,7302,444 Komerční pojišťovna, a. s. 273 484 275 Komerční banka Bratislava, a. s. 2 131 11 CAC LEASING, a. s. x 12 6 Factoring KB, a. s. 64 84 56 Investiční kapitálová společnost KB, a. s 139 25 26 Všeobecná stavební spořitelna Komerční banky, a. s. 102 2 82 MUZO, a. s. 32 55 81 ASIS, a. s., v likvidaci 8 51 18 ALL IN, a.s., v likvidaci 23 23 20 Reflexim, a. s. x 15 17 Penzijní fond Komerční banky, a. s. 0 441 75 A-TRADE, a. s. x x 30 Total deposits 643 1,323 697 In the years ended 31 December 2003 and 2002, the Bank realised no material amounts of income or expenses with its Group companies. Amounts due to and from the Société Générale Group entities Principal balances due from the Société Générale Group entities include: CZK million 2003 2002 Company Société Générale London 0 362 Société Générale Paris 19,991 18,743 Société Générale Tokyo 0 80 Sogelease ČR, a. s. x 10 Franfinance Consumer Credit, s. r. o. 400 x Franfinance Czech Republic, s. r. o. 1,077 0 SGBT Luxembourg 407 0 Total 21,875 19,195
Principal balances owed to the Société Générale Group entities include: CZK million 2003 2002 Company Franfinance Czech Republic, s. r. o. 52 357 SG Finance Praha, a. s. x 76 SGBT Luxemburg 29 19 Société Générale Warsaw 38 31 Société Générale Paris 1,796 1,282 Franfinance Consumer Credit, s. r. o. 27 x Société Générale, Prague branch x 45 Sogelease ČR, a. s. x 56 Total 1,942 1,866 Amounts due to and from the Société Générale Group entities principally comprise balances of current accounts, nostro and loro accounts, issued loans, interbank market loans and placements, and debt securities acquired under initial offerings not designated for trading (refer also to Note 13). As of 31 December 2003, the Bank also carried off balance sheet exposures to Société Générale Group, of which off balance sheet notional assets and liabilities amounted to CZK 49,091 million (2002: CZK 8,069 million) and CZK 40,332 million (2002: CZK 11,481 million), respectively. These amounts principally relate to currency forwards, spot transactions and interest rate swaps and accepted guarantees for credit exposures. As of 31 December 2003, the Bank also carried other amounts due to and from the Société Générale Group entities which are immaterial. During the year ended 31 December 2003, the Bank realised total net income of CZK 718 million (2002: CZK 76 million) and total net expenses of CZK 591 million (2002: CZK 494 million) with Société Générale Paris. Income includes interest income from debt securities acquired under initial offerings not designated for trading issued by Société Générale Paris (refer also to Note 17), income from interbank deposits and fees from transactions with securities. Expenses comprise expenses of interbank deposits, net loss from financial operations and expenses related to the provision of management and consultancy services. In the years ended 31 December 2003 and 2002, the Bank recorded no amounts due from the members of its statutory bodies or related persons (2001: CZK 3 million). Remuneration and equity compensation scheme of the members of the Management and Supervisory Boards Remuneration paid to the members of the Management and Supervisory Boards during the years was as follows: CZK million 2003 2002 2001 Remuneration to the Management Board members * 47 41 206 Remuneration to the Supervisory Board members ** 3 4 29 Remuneration to the Directors’ Committee members *** 64 66 21 Total 114 111 256 Note: * Remuneration to the Management Board members includes amounts paid during the year ended 31 December 2003 to the current and former directors of the Bank under mandate and management contracts, net of bonuses for 2003, figures for expatriate members of the Management Board include a portion of remuneration net of bonuses for 2003 and other compensations and benefits arising from expatriate relocation contracts. ** Remuneration to the Supervisory Board members includes amounts paid during the year ended 31 December 2003 to the current and former members of the Supervisory Board. *** Remuneration to the Directors’ committee members represents the sum of compensation and benefits paid in 2003 under management contracts or under expatriate relocation contracts in respect of expatriates. This balance does not reflect any compensation provided to the Management Board members (as it is reflected in the remuneration to the Management Board members). All the Management Board members are members of the Directors’ Committee.
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AR ➔ 03 Annual Report Komerční
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KB was named “The Trustworthiest
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8 The total loan portfolio of the B
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Statutory Bodies and Organisation S
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Retail Banking Komerční banka’s
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Financial Highlights Unconsolidated
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Alexis Juan The product and service
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Major Events in 2003 Restructuring
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Information on Komerční banka Sha
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In 2003, both imports and exports a
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To achieve this target Komerční b
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The Distribution Network Komerční
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Retail Banking Individuals In the b
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Corporate Banking Medium Enterprise
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Risk Management Risk management at
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Provisions and reserves With regard
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Methods for measuring market risk a
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Price setting ALM is in charge of e
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Information Technology and Operatio
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Corporate Citizenship - Company Act
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Net operating income Net operating
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LIABILITIES Amounts due to banks Am
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Restructuring process The restructu
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Investiční kapitálová společno
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Komerční banka Bratislava, a. s.
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Komerční pojišťovna, a. s. Shar
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Všeobecná stavební spořitelna K
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Statutory Bodies and Organisation S
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Directors Committee The Directors C
Page 59 and 60: Shareholders Shareholders Sharehold
Page 61 and 62: Auditors’ Report for Shareholders
Page 63 and 64: FInancial Statements Financial Stat
Page 65 and 66: Unconsolidated Profit and Loss Stat
Page 67 and 68: Liabilities CZK million Item no. Na
Page 69 and 70: Statement of Changes in Equity for
Page 71 and 72: State guarantee covering losses on
Page 73 and 74: (e) Securities Securities held by t
Page 75 and 76: The Bank has carried in its balance
Page 77 and 78: Certain derivative transactions, wh
Page 79 and 80: 8. Administrative expenses In addit
Page 81 and 82: Reserves for off balance sheet expo
Page 83 and 84: CZK million 2003 2002 2001 Profit/(
Page 85 and 86: Set out below is an analysis by ter
Page 87 and 88: Syndicated loans granted Non-bankin
Page 89 and 90: Securities available for sale Secur
Page 91 and 92: Investments held to maturity Invest
Page 93 and 94: Company name and legal status Direc
Page 95 and 96: 17. Tangible and intangible fixed a
Page 97 and 98: 19. Amounts owed to banks CZK milli
Page 99 and 100: 23. Subordinated liabilities In 199
Page 101 and 102: Loan collateral Collateral values a
Page 103 and 104: (C) Financial derivatives The Bank
Page 105 and 106: (D) Interest rate risk Interest rat
Page 107 and 108: CZK million On demand Up to 3 month
Page 109: Financial commitments and contingen
Page 113 and 114: Unconsolidated Financial Statements
Page 115 and 116: Unconsolidated Statement of Changes
Page 117 and 118: Consolidated Financial Statements u
Page 119 and 120: Consolidated Balance Sheet as of 31
Page 121 and 122: Consolidated Cash Flow Statement fo
Page 123 and 124: In the year ended 31 December 2002,
Page 125 and 126: (b) Basis of consolidation Subsidia
Page 127 and 128: The Group assesses on a regular bas
Page 129 and 130: (m) Sale and repurchase agreements
Page 131 and 132: 5. Net interest income Net interest
Page 133 and 134: Social security costs include retir
Page 135 and 136: The balance of reserves for other c
Page 137 and 138: 17. Cash and current balances with
Page 139 and 140: Debt trading securities at fair val
Page 141 and 142: Set out below is an analysis by ter
Page 143 and 144: Debt securities available for sale
Page 145 and 146: 25. Investments in associates and u
Page 147 and 148: 28. Amounts due to customers Amount
Page 149 and 150: Other provisions are composed of th
Page 151 and 152: 35. Commitments and contingent liab
Page 153 and 154: Remaining maturity of remaining ins
Page 155 and 156: 2003 2002 Number of the Management
Page 157 and 158: Loan collateral Collateral values a
Page 159 and 160: (C) Financial derivatives The Group
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(D) Interest rate risk Interest rat
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CZK million On demand Up to 3 month
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(G) Operational risk The Group does
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Survey of Financial Results 1999 -
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The Bank shall further carry on bus
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Shares 38,009,852 listed ordinary b
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Komerční banka Shares Type: ordin
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Surrender of GDRs Upon surrender of
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Investments Investments made by the
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Report on Relations Among Related E
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Investment banking arrangements In
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Komerční banka, a. s. Na Příkop
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KB prezent. angl - Komerční banka

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