KB prezent. angl - Komerční banka

152 ➔153
Consolidated Financial Statements
under IFRS
Principal balances owed to the Société Générale Group entities include:
CZK million 2003 2002
Company
Franfinance Czech Republic s. r. o. 52 357
SG Finance Praha, a. s. x 76
SGBT Luxemburg 29 19
Société Générale Warsaw 38 31
Société Générale Paris 1,796 1,282
Franfinance Consumer Credit, s. r. o. 27 0
Société Générale, Prague branch x 45
Sogelease ČR, a. s. x 56
Total 1,942 1,866
Amounts due to and from the Société Générale Group entities principally comprise balances of current accounts, nostro and loro
accounts, issued loans, interbank market loans and placements, and debt securities acquired under initial offerings not designated for
trading (refer also to Note 18).
As of 31 December 2003, the Bank also carried off balance sheet exposures to Société Générale Group, of which off balance sheet
notional assets and liabilities amounted to CZK 49,091 million (2002: CZK 8,069 million) and CZK 40,332 million (2002: CZK 11,481 million),
respectively. These amounts principally relate to currency forwards, spot transactions and interest rate swaps and accepted guarantees
for credit exposures.
As of 31 December 2003, the Group also carried other amounts due to and from the Société Générale Group entities which are immaterial.
During the year ended 31 December 2003, the Group realised total net income of CZK 718 million (2002: CZK 76 million) and total net
expenses of CZK 591 million (2002: CZK 494 million) with Société Générale Paris. Income includes interest income from debt
securities acquired under initial offerings not designated for trading issued by Société Générale Paris (refer also to Note 18), income
from interbank deposits and fees from transactions with securities. Expenses comprise expenses of interbank deposits, net loss
from financial operations and expenses related to the provision of management and consultancy services.
In the years ended 31 December 2003 and 2002, the Group realised no material amounts of income or expenses with other Société
Générale Group entities.
In the years ended 31 December 2003 and 2002, the Group recorded no amounts due from the members of its statutory bodies or
related persons.
Remuneration and equity compensation scheme of the members of the Management and Supervisory Boards
Remuneration paid to the members of the Management and Supervisory Boards during the years was as follows:
CZK million 2003 2002
Remuneration to the Management Board members * 47 41
Remuneration to the Supervisory Board members ** 3 4
Remuneration to the Directors’ Committee members *** 64 66
Total 114 111
Note: * Remuneration to the Management Board members includes amounts paid during the year ended 31 December 2003 to the
current and former directors of the Bank under mandate and management contracts, net of bonuses for 2003, figures for
expatriate members of the Management Board include a portion of remuneration net of bonuses for 2003 and other
compensations and benefits arising from expatriate relocation contracts.
** Remuneration to the Supervisory Board members includes amounts paid during the year ended 31 December 2003 to the current
and former members of the Supervisory Board.
*** Remuneration to the Directors’ committee members represents the sum of compensation and benefits paid in 2003 under
management contracts or under expatriate relocation contracts in respect of expatriates. This balance does not reflect any
compensation provided to the Management Board members (as it is reflected in the remuneration to the Management Board
members). All the Management Board members are members of the Directors’ Committee.