KB prezent. angl - Komerční banka

110 ➔111
Unconsolidated Financial Statements
under CAS
2003 2002 2001
Number of the Management Board members 6 6 5
Number of the Supervisory Board members 9 9 9
Number of the Directors’ Committee members 20 * 18 * 15*
Note: * These figures include all members of the Management Board who are also members of the Directors’ Committee.
As of 31 December 2003, the Bank recorded a reserve of CZK 18 million (2002: CZK 35 million, 2001: CZK 9 million) for an equity
compensation program and an estimated payable of CZK 22 million (2002: CZK 15 million, 2001: CZK 11 million) for Management
Board bonuses.
Under the equity compensation program, certain members of the Supervisory Board of the Bank have a right to purchase during the
first half of 2004 a pre-determined number of ordinary shares of the Bank at CZK 500 per share (“call options”). The members of the
Supervisory Board have a right, but not the obligation, to put these shares on the Bank at a price of CZK 1,000 per share after these
shares have been held by Board members for a minimum period (“put options”). The cost of the exercise of these options is borne
by the Bank. Options held by the participants of the equity compensation scheme amount to 13,680 shares (2002: 18,240 shares).
The equity compensation program will expire in mid-2004.
30. Post balance sheet events
No significant events occurred between the balance sheet date and the date when these financial statements were authorised for issue.