KB prezent. angl - Komerční banka

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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).
25. Investments in associates and unconsolidated subsidiaries Investments in associates and unconsolidated subsidiaries comprise: CZK million 2003 2002 Shares in subsidiary undertakings 267 231 Shares in associated undertakings 609 1,412 Total investments in subsidiaries and associates 876 1,643 CZK million Group’s ownership 2003 2003 2002 2002 interest Cost of Net book Cost of Net book (%) investment value investment value Subsidiary companies ALL IN, a. s. v likvidaci 100.00 45 24 45 0 Penzijní fond <strong>Komerční</strong> banky, a. s. 100.00 230 230 230 230 ASIS, a. s. v likvidaci 100.00 1 13 x x Společnost pro informační databáze, a. s. 100.00 1 0 1 1 Subsidiary companies total 277 267 276 231 CZK million Group’s ownership 2003 2003 2002 2002 interest Cost of Share of Cost of Share of (%) investment net assets investment net assets Associated undertakings CAC LEASING GROUP 50.00 0 0 122 872 Všeobecná stavební spořitelna <strong>Komerční</strong> banky, a. s. 40.00 220 609 220 540 Associated undertakings total 220609 342 1,412 CZK million Group’s ownership 2003 2003 2002 2002 interest Cost of Net book Cost of Net book (%) investment value investment value Companies with minority interest CBCB – Czech Banking Credit Bureau, a. s. * 20.00 0 0 0 0 Companies with minority interest total 0000 Investments in associates and unconsolidated subsidiaries 497 876 618 1,643 Note: * The cost and net book value of CBCB – Czech Banking Credit Bureau, a. s. is CZK 240 thousand. The investment in ASIS, a. s. which was placed into liquidation in June 2003, is included in consolidation at the residual value of its equity as of the date of liquidation.
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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
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Unconsolidated Profit and Loss Stat
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Liabilities CZK million Item no. Na
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Statement of Changes in Equity for
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State guarantee covering losses on
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(e) Securities Securities held by t
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The Bank has carried in its balance
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Certain derivative transactions, wh
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8. Administrative expenses In addit
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Reserves for off balance sheet expo
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CZK million 2003 2002 2001 Profit/(
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Set out below is an analysis by ter
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Syndicated loans granted Non-bankin
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Securities available for sale Secur
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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 and 116: Unconsolidated Statement of Changes
Page 117 and 118: Consolidated Financial Statements u
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: Debt securities available for sale
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
Page 167 and 168: Survey of Financial Results 1999 -
Page 169 and 170: The Bank shall further carry on bus
Page 171 and 172: Shares 38,009,852 listed ordinary b
Page 173 and 174: Komerční banka Shares Type: ordin
Page 175 and 176: Surrender of GDRs Upon surrender of
Page 177 and 178: Investments Investments made by the
Page 179 and 180: Report on Relations Among Related E
Page 181 and 182: Investment banking arrangements In
Page 183: Komerční banka, a. s. Na Příkop
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KB prezent. angl - Komerční banka

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