KB prezent. angl - Komerční banka

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062 ➔063 Unconsolidated Financial Statements under CAS Unconsolidated Financial Statements under CAS as of 31 December 2003 Deloitte & Touche spol. s r.o. Týn 641/4 110 00 Prague 1 Czech Republic Tel.: +420 224 895 500 Fax: +420 224 895 555 DeloitteCZ@deloitteCE.com www.deloitte.cz Registered at the Municipal Court in Prague, Section C, File 24349 IČ: 49620592 DIČ: 001-49620592 Auditor’s Report to the Shareholders of Komerční banka, a. s. We have audited the accompanying financial statements of Komerční banka, a. s. for the year ended 31 December 2003. These financial statements are the responsibility of the Bank’s Board of Directors. Our responsibility is to express an opinion on the financial statements, taken as a whole, based on our audit. We conducted our audit in accordance with the Act on Auditors and the auditing standards issued by the Chamber of Auditors of the Czech Republic. Those standards require that we plan and conduct the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, the accounting records and other evidence supporting the amounts and disclosures in the financial statements. An audit also includes an assessment of the accounting principles used and significant estimates made by the Bank in the preparation of the financial statements, as well as evaluation of the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion on the financial statements. In our opinion, the financial statements give a true and fair view, in all material respects, of the assets, liabilities, equity and financial position of Komerční banka, a. s. as of 31 December 2003 and of the results of its operations for the year then ended in accordance with the Accounting Act and applicable Czech regulations. Prague, 18 March 2004 Audit firm: Deloitte & Touche spol. s r.o. Certificate No. 79 Represented by: Statutory auditor: Frederic Maziere Michal Petrman with power of attorney Certificate No. 1105 Member of Deloitte Touche Tohmatsu
Unconsolidated Profit and Loss Statement for the year ended 31 December 2003 CZK million Item no. Name of item Note 2003 2002 2001 1. Interest income and similar income 4 20,085 25,457 28,687 of which: interest income from debt securities 1,732 1,922 2,805 2. Interest expense and similar expense 4 (8,123) (12,843) (15,122) of which: interest expense from debt securities (1,735) (2,176) (2,461) 3. Income from shares and equity investments 288 220222 (a) Income from equity investments in associates 212 93 139 (b) Income from equity investments from subsidiaries 41 89 83 (c) Income from other shares and equity investments 35 38 0 4. Commission and fee income 5 7,349 6,755 6,487 5. Commission and fee expense 5 (1,569) (523) (505) 6. Net profit or loss on financial operations 6 2,612 2,711 1,691 7. Other operating income 7 3,346 2,511 1,664 8. Other operating expenses 7 (918) (1,272) (1,723) 9. Administrative expenses 8 (9,202) (10,433) (10,343) (a) Staff costs (4,784) (5,003) (5,937) (aa) Wages and salaries (3,470) (3,717) (4,564) (ab) Social security and health insurance (1,220) (1,241) (1,306) (ac) Other staff costs (94) (45) (67) (b) Other administrative costs (4,418) (5,430) (4,406) 10. Release of reserves and provisions for tangible and intangible fixed assets 9 294 907 353 11. Depreciation/amortisation, charge for and use of reserves and provisions for tangible and intangible fixed assets 9 (1,614) (2,052) (3,309) 12. Release of provisions and reserves for receivables and guarantees, recoveries of receivables previously written off 9 6,229 9,876 7,612 13. Write-offs, charge for and use of provisions and reserves for receivables and guarantees 9 (5,640) (8,704) (11,991) 14. Release of provisions for equity investments in subsidiaries and associates 9 24 69 178 15. Loss on the transfer of equity investments in subsidiaries and associates, charge for and use of provisions for equity investments in subsidiaries and associates 9 (92) (490) (396) 16. Release of other reserves 9 1,150689 2,510 17. Charge for and use of other reserves 9 (903) (1,516) (2,628) 18. Share of profits/(losses) of subsidiaries and associates 9 000 19. Profit/(loss) for the period from ordinary activities before taxes 13,316 11,362 3,387 20. Extraordinary income 10 10 2,497 0 21. Extraordinary expenses 100(1,984) 0 22. Profit/(loss) for the period from extraordinary activities before taxes 10513 0 23. Income tax 11 (4,016) (2,646) (763) 24. Net profit/(loss) for the period 9,3109,229 2,624
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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
Page 13 and 14: Alexis Juan The product and service
Page 15 and 16: Major Events in 2003 Restructuring
Page 17 and 18: Information on Komerční banka Sha
Page 19 and 20: In 2003, both imports and exports a
Page 21 and 22: To achieve this target Komerční b
Page 23 and 24: The Distribution Network Komerční
Page 25 and 26: Retail Banking Individuals In the b
Page 27 and 28: Corporate Banking Medium Enterprise
Page 29 and 30: Risk Management Risk management at
Page 31 and 32: Provisions and reserves With regard
Page 33 and 34: Methods for measuring market risk a
Page 35 and 36: Price setting ALM is in charge of e
Page 37 and 38: Information Technology and Operatio
Page 39 and 40: Corporate Citizenship - Company Act
Page 41 and 42: Net operating income Net operating
Page 43 and 44: LIABILITIES Amounts due to banks Am
Page 45 and 46: Restructuring process The restructu
Page 47 and 48: Investiční kapitálová společno
Page 49 and 50: Komerční banka Bratislava, a. s.
Page 51 and 52: Komerční pojišťovna, a. s. Shar
Page 53 and 54: Všeobecná stavební spořitelna K
Page 55 and 56: Statutory Bodies and Organisation S
Page 57 and 58: Directors Committee The Directors C
Page 59 and 60: Shareholders Shareholders Sharehold
Page 61 and 62: Auditors’ Report for Shareholders
Page 63: FInancial Statements Financial Stat
Page 67 and 68: Liabilities CZK million Item no. Na
Page 69 and 70: Statement of Changes in Equity for
Page 71 and 72: State guarantee covering losses on
Page 73 and 74: (e) Securities Securities held by t
Page 75 and 76: The Bank has carried in its balance
Page 77 and 78: Certain derivative transactions, wh
Page 79 and 80: 8. Administrative expenses In addit
Page 81 and 82: Reserves for off balance sheet expo
Page 83 and 84: CZK million 2003 2002 2001 Profit/(
Page 85 and 86: Set out below is an analysis by ter
Page 87 and 88: Syndicated loans granted Non-bankin
Page 89 and 90: Securities available for sale Secur
Page 91 and 92: 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
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Unconsolidated Statement of Changes
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Consolidated Financial Statements u
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Consolidated Balance Sheet as of 31
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Consolidated Cash Flow Statement fo
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In the year ended 31 December 2002,
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(b) Basis of consolidation Subsidia
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The Group assesses on a regular bas
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(m) Sale and repurchase agreements
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5. Net interest income Net interest
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Social security costs include retir
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The balance of reserves for other c
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17. Cash and current balances with
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Debt trading securities at fair val
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Set out below is an analysis by ter
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Debt securities available for sale
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25. Investments in associates and u
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28. Amounts due to customers Amount
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Other provisions are composed of th
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35. Commitments and contingent liab
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Remaining maturity of remaining ins
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2003 2002 Number of the Management
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Loan collateral Collateral values a
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(C) Financial derivatives The Group
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(D) Interest rate risk Interest rat
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CZK million On demand Up to 3 month
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(G) Operational risk The Group does
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Survey of Financial Results 1999 -
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The Bank shall further carry on bus
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Shares 38,009,852 listed ordinary b
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Komerční banka Shares Type: ordin
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Surrender of GDRs Upon surrender of
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Investments Investments made by the
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Report on Relations Among Related E
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Investment banking arrangements In
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Komerční banka, a. s. Na Příkop
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KB prezent. angl - Komerční banka

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