KB prezent. angl - Komerční banka

076 ➔077
Unconsolidated Financial Statements
under CAS
5. Net fees and commissions
Net fees and commissions comprise:
CZK million 2003 2002 2001
Fees and commissions income 7,349 6,755 6,487
Fees and commissions expense (1,569) (523) (505)
Net fees and commissions income 5,7806,232 5,982
Fees and commissions principally consist of fee and commission income from customers. Fee and commission expense includes
a fee for the close-out of credit default swap instruments in the last quarter of 2003 (refer to Note 28).
Of which:
CZK million 2003 2002 2001
Fee and commission income from the procurement of acquisitions and sales of securities 72 45 40
Fee income from management, custody, administration and safe-keeping of assets 94 111 117
Fee and commission expense from the sale or any other disposal of securities (49) (41) (51)
6. Net profit or loss on financial operations
CZK million 2003 2002 2001
Net gains/(losses) on securities – realised 24 633 109
Net gains/(losses) on securities – unrealised (15) (902) (1,453)
Net income from foreign exchange commissions from clean and documentary payments 1,212 1,289 1,478
Net income from commissions from foreign exchange transactions 711 799 882
Net realised and unrealised gains/(losses) on foreign exchange trading
and re-translation of foreign currency accounts (532) (3,113) (1,416)
Net realised and unrealised gains/(losses) on currency derivatives 1,154 4,101 1,855
Net realised and unrealised gains/(losses) on interest rate and credit derivatives 60 (53) 194
Net realised and unrealised gains/(losses) on commodity derivatives 2 2 2
Net realised and unrealised gains/(losses) on security derivatives (4) (45) 40
Net profit or loss on financial operations 2,612 2,711 1,691
7. Other operating income and expenses
Other operating income and expenses comprise:
CZK million 2003 2002 2001
Income Expenses Income Expenses Income Expenses
Income/(expenses) from the sale of assets 71 (98) 333 (365) 181 (167)
Income/(expenses) from the sale of equity investments 783 0 0 (199) 0 0
Remuneration to Management and Supervisory Boards 0 (34) 0 (32) 0 (116)
Other operating income/(expenses) 2,492 (786) 2,178 (676) 1,483 (1,440)
Total 3,346 (918) 2,511 (1,272) 1,664 (1,723)
For the year ended 31 December 2003, other operating income principally comprises income from the sale of equity investments
(refer also to Note 16). Other operating income also reflects an estimated income receivable from the state guarantee in respect of
realised losses on the guaranteed portfolio (refer to Note 2).