KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka KB prezent. angl - Komerční banka
176 ➔177 Legal Information Legal Disputes Legal Disputes in which the Bank acts as a Plaintiff In 2003, a total of 10 important court proceedings were conducted by Komerční banka, which were launched in 2003 and in the previous years. The proceedings had or could have material implications for the Bank’s financial results. The total amount involved in the court proceedings is CZK 1.3 billion. Of these 10 court proceedings, seven are actions for payment and three are bankruptcy proceedings, and the total amount of court disputes is CZK 0.6 billion, and for bankruptcies CZK 0.7 billion. With respect to its overall financial situation, Komerční banka regards as material all disputes involving amounts exceeding CZK 10 million and all bankruptcy proceedings for amounts exceeding CZK 50 million. The reason for the higher threshold for bankruptcy proceedings is the fact that the average yield of bankruptcies in the practice of Komerční banka does not exceed 20 percent – the outcomes of bankruptcy proceedings usually have less significant implications on the Bank’s figures than legal disputes over similar amounts. Legal Disputes in which the Bank acts as a Defendant In 2003, the total amount of disputes in which the Bank acts as a defendant totalled CZK 21 billion; 21.4 percent of these disputes can be considered a potential risk for the Bank. Komerční banka, based on a detailed analysis of the risk inherent in court proceedings conducted against the Bank, created a reserve of CZK 527 million as at 31 December 2003. See also Notes to the Unconsolidated Financial Statements according to CAS, Note No. 28 – Contingencies and off balance sheet commitments, paragraph: Legal disputes. Additional Information Licences and Trademarks If using any third party rights which are governed by the relevant statutory provisions on the protection of intellectual property or intangible industrial property rights, Komerční banka rigorously monitors the fulfilment of all statutory requirements. Any such rights are used only in accordance with valid laws and international conventions, or under a relevant licence, as appropriate. Komerční banka also owns (has registered) nearly sixty trademarks entered (registered) in the public register of trademarks maintained by the Industrial Property Office of the Czech Republic, which pertain in particular to the Bank’s products. Komerční banka has also registered (applied for registration of) trademarks in the Slovak Republic. Expenses on research and development In 2003, Komerční banka spent a total of CZK 17,851 thousand (2002: CZK 7,503 thousand) on research and development, primarily including expenses on studies and projects such as studies of the centralisation and rationalisation of portfolio management. Loan commitments See Notes to the Unconsolidated Financial Statements according to CAS, Note No. 19 – Amounts owed to banks and Note No. 20 – Amounts owed to customers.
Report on Relations Among Related Entities Report on Relations Among Related Entities for the year ended 31 December 2003 (hereinafter the “Report on Relations”) Komerční banka, a. s., having its registered office address at Na Příkopě 33/969, Praha 1, 114 07, Corporate ID: 45317054, incorporated in the Register of Companies, Section B, File 1360, maintained at the Municipal Court in Prague (hereinafter referred to as “KB” or the “Bank”), is part of a business group (holding company) in which the following relations between KB and its controlling entity and further between KB and other entities controlled by the same controlling entity (hereinafter referred to as “Related Entities”) exist. This report on relations between the entities stated below was prepared in accordance with the provision of Section 66a (9) of Act No. 513/1991 Coll., as amended (the Commercial Code) for the year ended 31 December 2003, that is, from 1 January 2003 to 31 December 2003 (hereinafter referred to as the “Reporting Period”). I. Introduction In the period from 1 January 2003 to 31 December 2003, KB was a member of the Société Générale S. A. Group, having its registered office address at 29, BLD Hausmann, 75009 Paris, France, registration number in the French Register of Companies: R.C.S. Paris B552120222 (1955 B 12022) (hereinafter “SG” or “SG Paris”). During the course of the reporting period, the Bank entered into arrangements with the following Related Entities: (a) SG’s Head Office and branch offices Company SG Paris SG London SG New York SG Tokyo SG Milan SG Zurich SG Warsaw SG Frankfurt SG Brussels SG Vienna SG Amsterdam SG’s Prague Branch * Registered office address 29, BLD Hausmann, Paris, France Primrose Street, EC4ADD, London, United Kingdom 1221 Avenue of the Americas, 10020, New York, US 12-32 Akasaka 1 – Chrome, 107-6015 Tokyo, Japan Via Olona 2, 20123 Milan, Italy Sighlguai 253, 8031 Zurich, Switzerland PO Box 54, Marszalkowska 111, Warsaw, Poland Postfach 101935, Mainzer Landstrasse 36, D60325, Frankfurt am Main, Germany Place du Chamos de Mars, 1050 Brussels, Belgium Postfach 82, Prinz Eugen Strasse 32, A1041, Vienna, Austria Tour Bastion, 5 Place du Champs de Mars, 1050 Brussels, Belgium Pobřežní 3, Prague 8, Czech Republic Note: * SG’s Prague Branch was removed from the Czech Register of Companies on 16 July 2003.
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Report on Relations<br />
Among Related Entities<br />
Report on Relations<br />
Among Related Entities<br />
for the year ended 31 December 2003<br />
(hereinafter the “Report on Relations”)<br />
<strong>Komerční</strong> <strong>banka</strong>, a. s., having its registered office address at Na Příkopě 33/969, Praha 1, 114 07, Corporate ID: 45317054, incorporated<br />
in the Register of Companies, Section B, File 1360, maintained at the Municipal Court in Prague (hereinafter referred to as “<strong>KB</strong>” or the<br />
“Bank”), is part of a business group (holding company) in which the following relations between <strong>KB</strong> and its controlling entity and further<br />
between <strong>KB</strong> and other entities controlled by the same controlling entity (hereinafter referred to as “Related Entities”) exist.<br />
This report on relations between the entities stated below was prepared in accordance with the provision of Section 66a (9) of<br />
Act No. 513/1991 Coll., as amended (the Commercial Code) for the year ended 31 December 2003, that is, from 1 January 2003 to<br />
31 December 2003 (hereinafter referred to as the “Reporting Period”).<br />
I. Introduction<br />
In the period from 1 January 2003 to 31 December 2003, <strong>KB</strong> was a member of the Société Générale S. A. Group, having its<br />
registered office address at 29, BLD Hausmann, 75009 Paris, France, registration number in the French Register of Companies:<br />
R.C.S. Paris B552120222 (1955 B 12022) (hereinafter “SG” or “SG Paris”).<br />
During the course of the reporting period, the Bank entered into arrangements with the following Related Entities:<br />
(a) SG’s Head Office and branch offices<br />
Company<br />
SG Paris<br />
SG London<br />
SG New York<br />
SG Tokyo<br />
SG Milan<br />
SG Zurich<br />
SG Warsaw<br />
SG Frankfurt<br />
SG Brussels<br />
SG Vienna<br />
SG Amsterdam<br />
SG’s Prague Branch *<br />
Registered office address<br />
29, BLD Hausmann, Paris, France<br />
Primrose Street, EC4ADD, London, United Kingdom<br />
1221 Avenue of the Americas, 10020, New York, US<br />
12-32 Akasaka 1 – Chrome, 107-6015 Tokyo, Japan<br />
Via Olona 2, 20123 Milan, Italy<br />
Sighlguai 253, 8031 Zurich, Switzerland<br />
PO Box 54, Marszalkowska 111, Warsaw, Poland<br />
Postfach 101935, Mainzer Landstrasse 36, D60325, Frankfurt am Main, Germany<br />
Place du Chamos de Mars, 1050 Brussels, Belgium<br />
Postfach 82, Prinz Eugen Strasse 32, A1041, Vienna, Austria<br />
Tour Bastion, 5 Place du Champs de Mars, 1050 Brussels, Belgium<br />
Pobřežní 3, Prague 8, Czech Republic<br />
Note: * SG’s Prague Branch was removed from the Czech Register of Companies on 16 July 2003.
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