KB prezent. angl - Komerční banka

080 ➔081
Unconsolidated Financial Statements
under CAS
Other reserves
CZK million Balance at Creation Use Foreign Balance at
1 January 2003 exchange effect 31 December 2003
Restructuring reserve 242 210 317 0 135
Reserves for other contractual commitments 1,510 1,095 1,236 (11) 1,358
Total other reserves 1,752 1,305 1,553 (11) 1,493
Reserves for other contractual commitments primarily comprise reserves for legal disputes and reserves for anticipated staff costs.
10. Extraordinary income and extraordinary expenses
CZK million 2003 2002 2001
Extraordinary income 10 2,497 0
Extraordinary costs 0 (1,984) 0
Net extraordinary income 10513 0
In the year ended 31 December 2002, the Bank recognised as extraordinary income or expenses one-off unrealised gains/(losses)
arising from the revised treatment for securities in accordance with the Transitory Provisions of the Regulation of the Czech Finance
Ministry No. 282/73 390/2001, which establishes the chart of accounts and the accounting principles for banks and certain financial
institutions.
11. Taxation
The major components of corporate income tax expense are as follows:
CZK million 2003 2002 2001
Tax payable – current year 3,637 3,314 745
Tax paid – prior year (9) 268 17
Deferred tax movement 388 (936) 1
Total income tax expense 4,016 2,646 763
The decrease in the prior period tax expense of CZK 9 million (2002: an increase of CZK 268 million) represents an increased tax
liability for the year ended 31 December 2002 (a decreased tax liability for the year ended 31 December 2001) reflected in the tax
returns filed in 2003 (respectively 2002).
The corporate tax rate for the year ended 31 December 2003 is 31 percent (2002: 31 percent, 2001: 31 percent). The Bank’s tax
liability is calculated based upon the accounting profit/(loss) taking into account tax non-deductible expenses and tax exempt income
or income subject to a final withholding tax rate.