KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
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138 ➔139<br />
Consolidated Financial Statements<br />
under IFRS<br />
21. Loans to customers<br />
Loans to customers comprise:<br />
CZK million 2003 2002<br />
Debt securities acquired under initial offerings not designated for trading 1,813 0<br />
Loans to customers 139,355 139,080<br />
Bills of exchange 747 663<br />
Forfaits 587 562<br />
Total gross loans to customers 142,502 140,305<br />
Provisions for loan losses (9,514) (17,327)<br />
Total loans to customers, net 132,988 122,978<br />
Forfaits include no forfaits issued by foreign debtors in 2003 and 2002.<br />
Loans to customers include interest due of CZK 517 million (2002: CZK 979 million), of which CZK 317 million (2001: CZK 774 million)<br />
relates to overdue interest.<br />
The loan portfolio of the Group as of 31 December 2003 (net of debt securities acquired under initial offerings) comprises the<br />
following breakdown by classification:<br />
CZK million Gross Collateral Net Provisions Carrying Provisions<br />
receivable applied exposure value (%)<br />
Standard 112,567 47,611 64,956 0 112,567 0<br />
Watch17,622 8,655 8,967 (379) 17,243 4<br />
Substandard 4,648 1,961 2,687 (860) 3,788 32<br />
Doubtful 1,058 321 737 (400) 658 54<br />
Loss 4,794 146 4,648 (3,825) 969 82*<br />
Total 140,689 58,694 81,995 (5,464) 135,225<br />
General provision for loan losses (4,050)<br />
Total provisions (9,514) 131,175<br />
Note: * Provisioning percentage in the “Loss” category is less than 100 percent as the “Collateral” item does not reflect the state guarantee<br />
value as described in Note 2 to these financial statements.<br />
Loans classified as loss in the above table include amounts of CZK 3,755 million (2002: CZK 5,540 million), on which interest is not<br />
being accrued.<br />
Set out below is the breakdown of loans by sector:<br />
CZK million 2003 2002<br />
Agriculture 6,720 7,363<br />
Processing industry 32,436 37,696<br />
Distribution and production of energy 5,685 7,057<br />
Construction 4,447 4,334<br />
Trade, catering, transport and communication 33,697 34,990<br />
Insurance, banking 7,755 7,571<br />
Securities acquired under initial offerings not designated for trading 1,813 0<br />
Other 49,949 41,294<br />
Total loans to clients 142,502 140,305
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