KB prezent. angl - Komerční banka

The balance of reserves for other credit risks reflects a reserve for contingent liabilities from the transfer of cash associated with the
sale of loan receivables amounting to CZK 17 million (2002: CZK 692 million).
Provisions for securities
The balance of provisions for asset backed securities and a credit linked note comprises:
CZK million 2003 2002
Balance at 1 January (2,367) (1,959)
Net provisioning against securities (74) (759)
Impact of the write-off of the nominal value of securities 241 0
Exchange rate differences attributable to provisions 333 351
Balance at period end (1,867) (2,367)
This portfolio of securities is held as securities available for sale and further information is given in Note 22.
Provisions for unconsolidated investments in subsidiaries and associates
The balance of provisions for unconsolidated investments in subsidiaries and associates recognised on the face of the profit and loss
statement comprises the following:
CZK million 2003 2002
Creation of provisions 0 (5)
Release of provisions 24 0
Total provision for investments in subsidiaries and associates 24 (5)
CZK million 2003 2002
Balance at 1 January (45) (40)
Creation of provisions 0 (5)
Release of provisions 24 0
Balance at 31 December (21) (45)
14. Taxation
The major components of corporate income tax expense are as follows:
CZK million 2003 2002
Tax payable – current year (3,789) (3,458)
Tax paid – prior year 9 (266)
Deferred tax movement (386) 1,063
Total tax expense (4,166) (2,661)