KB prezent. angl - Komerční banka

142 ➔143
Consolidated Financial Statements
under IFRS
The Group created provisions for this financial instrument in the amount of CZK 51 million as of 31 December 2003 (2002: CZK 271 million).
As such, the carrying value, net of impairment provisions, is CZK nil as of 31 December 2003 (2002: CZK 30 million).
As of 31 December 2003, the Group sold the series of credit default swaps associated with this transaction (refer also to Notes
30 and 35). The aggregate impact of this transaction on the Group’s profit and loss statement was immaterial.
23. Investments held to maturity
Investments held to maturity comprise:
CZK million 2003 2003 2002 2002
Carrying Cost Carrying Cost
value
value
Fixed income debt securities 248 241 243 236
Total investments held to maturity 248 241 243 236
As of 31 December 2003, the Group’s held-to-maturity portfolio includes mortgage bonds of CZK 97 million (2002: CZK 97 million) and
state bonds of CZK 151 million (2002: CZK 146 million) that are publicly traded on stock exchanges.
Debt securities held to maturity comprise:
CZK million 2003 2002
Fixed income debt securities
– Czech crowns 97 97
– Other currencies 151 146
Total fixed income debt securities 248 243
Total debt securities held to maturity 248 243
Investments held to maturity, allocated by issuer, comprise:
CZK million 2003 2002
Debt securities held to maturity issued by
– State foreign institutions 151 146
– Financial institutions in the Czech Republic 97 97
Total debt securities held to maturity 248 243
24. Prepayments, accrued income and other assets
Prepayments, accrued income and other assets comprise:
CZK million 2003 2002
Prepayments and accrued income 836 757
Settlement balances 9 7
Other receivables from securities trading 30 330
Other assets 6,871 6,410
Total prepayments, accrued income and other assets 7,746 7,504
Other assets are predominantly composed of an estimated balance in respect of the amounts due from Česká konsolidační agentura
totalling CZK 4,148 million (2002: CZK 2,430 million) arising from realised losses on the portfolio of loans covered under the state
guarantee which will be settled by mid-2004 (refer also to Note 2).