KB prezent. angl - Komerční banka

146 ➔147
Consolidated Financial Statements
under IFRS
The bonds and medium-term notes detailed above include the following bonds and notes issued by the Group:
Name Interest rate Issue date Maturity date 2003 2002
(CZK million) (CZK million)
Zero coupon bonds of Komerční banka, a. s., Zero coupon
770970000947 (issued with discount 8 August 1997 8 August 2004 6,641 6,089
for CZK 3,805 million)
Mortgage bonds of Komerční banka, a. s., 8.125% 13 May 1999 13 May 2004 4,206 4,206
CZ0002000110
Mortgage bonds of Komerční banka, a. s., 8.0% 15 June 1999 15 June 2004 1,564 1,565
CZ0002000102
Bonds of Komerční banka, a. s., 8.0% 10 September 1999 10 September 2004 4,455 4,796
CZ0003700528
Mortgage bonds of Komerční banka, a. s., 6M PRIBOR 15 September 2000 15 September 2007 1,247 1,287
CZ000200015
plus 350 basis points
Mortgage bonds of Komerční banka, a. s., 5.5% 21 August 2003 21 August 2009 2,911 0
CZ0002000268
Total bonds 21,024 17,943
Note: Six-month PRIBOR was 217 basis points as of 31 December 2003 (2002: 255 basis points).
30. Accruals, provisions and other liabilities
Accruals, provisions and other liabilities comprise:
CZK million 2003 2002
Settlement balances 90 18
Other payables from securities trading and issues of securities 191 393
Other liabilities 3,292 2,962
Accruals and deferred income 5,900 2,374
Provision for other credit commitments 1,232 3,009
Other provisions 4,037 3,931
Total accruals, provisions and other liabilities 14,742 12,687
As of 31 December 2003, Accruals and deferred income include an up-front payment of CZK 5,862 million made by Česká
konsolidační agentura in respect of the payout under the State Guarantee Agreement (refer also to Note 2).
As of 31 December 2003, the balance of the provision for other credit commitments was CZK 1,215 million (2002: CZK 2,317 million).
This covers credit risks associated with issued credit commitments. The provision for credit derivatives was reversed as a result of
the closing of the Group’s position in these instruments. The provision for other credit commitments also includes a provision for
contingent liabilities associated with the sale of loan receivables amounting to CZK 17 million (2002: CZK 692 million).
Set out below is an analysis of this provision:
Risk Balance Balance
CZK million 2003 2002
Provision for off balance sheet commitments 1,024 920
Provision for credit instruments and derivatives * 0 901
Provision for undrawn loan facilities 191 410
Provision for the Bank’s 5 percent participation and the present value of the pay-out under the guarantee
of the off balance sheet instruments and commitments portfolio 0 86
Total 1,215 2,317
Note: * The Group released the provision for credit instruments and derivatives following the close-out of the credit default swap instruments
in the last quarter of 2003 (refer also to Notes 22 and 35).