KB prezent. angl - Komerční banka

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114 ➔115 Unconsolidated Financial Statements under IFRS Unconsolidated Cash Flow Statement for the year ended 31 December 2003 CZK million 2003 2003 2002 2002 Cash flows from operating activities Interest and commission receipts 29,352 36,758 Interest and commission payments (7,886) (12,378) Other income receipts 885 1,107 Cash payments to employees and suppliers, and other payments (11,963) (8,107) Operating cash flow before changes in operating assets and operating liabilities 10,388 17,380 Due from banks (2,149) (43,842) Loans and advances to customers 1,976 27,686 Securities held for trading (16,381) (5,598) Other assets 98 (1,535) Total increase/(decrease) in operating assets (16,456) (23,289) Amounts due to banks (3,885) (6,642) Amounts due to customers 8,470 19,105 Other liabilities 7,013 (1,952) Total (increase)/decrease in operating liabilities 11,598 10,511 Net cash flow from operating activities before taxes 5,530 4,602 Income taxes paid (4,975) (1,417) Net cash flows from operating activities 555 3,185 Cash flows from investing activities Dividends received 288 221 Purchase of investments held to maturity 0 (2,446) Maturity of investments held to maturity 2,237 884 Purchase of securities available for sale (4,765) (8,098) Sale of securities available for sale 5,836 15,102 Purchase of tangible and intangible fixed assets (2,644) (1,040) Sale of tangible and intangible fixed assets 481 533 Purchase of investments in subsidiaries and associates 0 (989) Sale of investments in subsidiaries and associates 900 11 Net cash flow from investing activities 2,333 4,178 Cash flows from financing activities Paid dividends (1,510) (437) Subordinated debt (5,466) (585) Certificated debts issued 2,555 0 Certificated debts redeemed (913) (10,372) Net cash flow from financing activities (5,334) (11,394) Net increase/(decrease) in cash and cash equivalents (2,446) (4,030) Cash and cash equivalents at beginning of year 13,124 17,154 Cash and cash equivalents at end of year 10,678 13,124
Consolidated Financial Statements under IFRS Consolidated Financial Statements under IFRS as of 31 December 2003 Deloitte & Touche spol. s r.o. Týn 641/4 110 00 Prague 1 Czech Republic Tel.: +420 224 895 500 Fax: +420 224 895 555 DeloitteCZ@deloitteCE.com www.deloitte.cz Registered at the Municipal Court in Prague, Section C, File 24349 IČ: 49620592 DIČ: 001-49620592 Independent Auditor’s Report to the Shareholders of Komerční banka, a. s. We have audited the accompanying consolidated balance sheets of Komerční banka, a. s. and subsidiaries (“the Group”) as of 31 December 2003 and 2002, and the related statements of income, cash flows and changes in equity for the years then ended. These financial statements are the responsibility of the Bank’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with International Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Group as of 31 December 2003 and 2002, and the results of its operations, cash flows and changes in equity for the years then ended in accordance with International Financial Reporting Standards. Prague, 18 March 2004 Audit firm: Deloitte & Touche spol. s r.o. Certificate No. 79 Represented by: Statutory auditor: Frederic Maziere Michal Petrman with power of attorney Certificate No. 1105 Member of Deloitte Touche Tohmatsu
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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
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Shareholders Shareholders Sharehold
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Auditors’ Report for Shareholders
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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 and 110: Financial commitments and contingen
Page 111 and 112: Principal balances owed to the Soci
Page 113 and 114: Unconsolidated Financial Statements
Page 115: Unconsolidated Statement of Changes
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
Page 161 and 162: (D) Interest rate risk Interest rat
Page 163 and 164: CZK million On demand Up to 3 month
Page 165 and 166: (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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