Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

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As at 31 December 2003 Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Unspecified Total CZK m CZK m CZK m CZK m CZK m CZK m CZK m Assets Cash and balances with central bank 438 0 0 0 0 1 373 1 811 State treasury and other bills eligible for CNB refinancing 361 199 817 0 0 0 1 377 Due from other banks 16 295 132 617 324 0 0 17 368 Trading securities * 1 283 388 2 426 325 0 3 423 Derivative financial instruments 16 25 48 22 0 0 111 Loans and advances to customers 3 504 2 492 6 127 7 351 3 499 -525 22 448 Securities available-for-sale 0 0 256 515 0 22 793 Intangible assets 0 0 0 0 0 90 90 Property, plant and equipment 0 0 0 0 0 1 346 1 346 Other assets 1 0 0 0 0 198 199 Current tax asset 0 0 0 0 0 4 4 Total assets 20 616 3 131 8 253 10 638 3 824 2 508 48 970 Liabilities Due to other banks 3 488 328 738 212 0 0 4 766 Derivative financial instruments and other trading liabilities 44 765 37 102 4 0 952 Debt securities in issue 2 576 91 0 746 0 0 3 413 Subordinated debt 0 0 0 0 1 000 0 1 000 Due to customers 30 106 3 859 696 17 0 0 34 678 Other liabilities 1 0 0 0 0 915 916 Current tax liability 0 0 0 0 0 135 135 Total liabilities 36 215 5 043 1 471 1 077 1 004 1 050 45 860 Net liquidity gap -15 599 -1 912 6 782 9 561 2 820 1 458 3 110 * Item is split according to residual maturity however the Bank in principle will not hold these securities more than one year. The nature of the retail deposits held by the Group is such that these have a short-term contractual maturity, although in practice their effective maturity is longer term. The matching and controlled mismatching of the maturities and interest rates of assets and liabilities is fundamental to the management of the Group. It is unusual for banks ever 108
to be completely matched since business transacted is often of uncertain term and of different types. An unmatched position potentially enhances profitability, but can also increase the risk of losses. The maturities of assets and liabilities and the ability to replace, at an acceptable cost, interestbearing liabilities as they mature, are important factors in assessing the liquidity of the Group and its exposure to changes in interest rates and exchange rates. Liquidity requirements to support calls under guarantees and standby letters of credit are considerably less than the amount of the commitment because the Group does not generally expect the third party to draw funds under the agreement. The total outstanding contractual amount of commitments to extend credit does not necessarily represent future cash requirements, since many of these commitments will expire or terminate without being funded. (h) Fair values of financial assets and liabilities The following table summarises the carrying amounts and estimated fair values of those financial assets and liabilities not presented on the Group’s balance sheet at their fair value. Carrying value Fair value 31 December 2004 31 December 2003 31 December 2004 31 December 2003 CZK m CZK m CZK m CZK m Financial assets Due from other banks 12 428 17 368 12 428 17 368 Loans and advances to customers 24 269 22 448 24 269 22 448 36 697 39 816 36 697 39 816 Financial liabilities Due to other banks 5 389 4 766 5 389 4 766 Due to customers 33 228 34 678 33 228 34 678 Debt securities in issue 2 654 3 413 2 632 3 413 Due from other banks 41 271 42 857 41 249 42 857 Due from other banks includes short-term inter-bank placements and items in the course of collection at approximately their fair values. It also includes loans and advances to other banks, the majority of which reprice within relatively short time spans; therefore it is assumed their carrying values approximate their fair values. 109
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Annual Report of Živnostenská ban
Page 3 and 4:
Composition of the Supervisory Boar
Page 5 and 6:
Introduction by the Chairman of the
Page 7 and 8:
Directors’ Report Dear Clients an
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During 2004, the Bank opened 14 new
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provided support to a number of pro
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Liabilities: Note 31 December 2004
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Income Statement for the Year Ended
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Schedule to the Financial Statement
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• on sale or transfer of any secu
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(o) Receivables Receivables are sta
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The Bank creates social fund. The s
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In 2004 and 2003, the Bank did not
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for comparable transactions with ot
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Securities available-for-sale at 31
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(c) Movements in investments in sub
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Tangible fixed assets 31 December 2
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10 ALLOWANCES, PROVISIONS AND WRITE
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11 DUE TO BANKS 31 December 2004 CZ
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13 LIABILITIES FROM DEBT SECURITIES
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If the balance of the statutory res
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31 December 2004 31.December 2003 C
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20 COMMISSION AND FEE INCOME AND EX
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23 ADMINISTRATIVE EXPENSES 31 Decem
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24 TAXATION 31 December 2004 CZK m
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26 FINANCIAL RISKS (a) Strategy in
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on a daily basis (so-called “back
Page 56 and 57:
As at 31 December 2004 Assets CZK E
Page 58 and 59: The VaR amount for interest rate ri
Page 60 and 61: (g) Liquidity risk The Bank is expo
Page 62 and 63: At 31 December 2003 Assets Within 3
Page 65 and 66: Consolidated Financial Statement au
Page 67 and 68: Consolidated Income Statements of C
Page 69 and 70: Schedule to the Consolidated Financ
Page 71 and 72: (c) Foreign currencies The consolid
Page 73 and 74: (h) Sale and repurchase agreements
Page 75 and 76: Property, plant and equipment and i
Page 77 and 78: 3 NET FEE AND COMMISSION INCOME 31
Page 79 and 80: 7 OPERATING EXPENSES Operating expe
Page 81 and 82: The tax on the operating profit dif
Page 83 and 84: 13 STATE TREASURY AND OTHER BILLS E
Page 85 and 86: 31 December 2004 31 December 2003 N
Page 87 and 88: 18 SECURITIES AVAILABLE-FOR-SALE 31
Page 89 and 90: Property, plant and equipment Dispo
Page 91 and 92: y 29 December 2014, with no repayme
Page 93 and 94: The following table indicates the c
Page 95 and 96: (b) Capital adequacy To monitor the
Page 97 and 98: Geographical concentrations of asse
Page 99 and 100: market movements. The Board of Dire
Page 101 and 102: CZK USD GBP EUR Other Total As at 3
Page 103 and 104: As at 31 December 2004 Up to 1-3 3-
Page 105 and 106: The table below summarises the effe
Page 107: Maturities of assets and liabilitie
Page 111 and 112: 34 RELATED PARTY TRANSACTIONS Parti
Page 113 and 114: Non-Audited Supplemental Informatio
Page 115 and 116: NON-AUDITED RECONCILIATION OF THE I
Page 117 and 118: Report on Relations between the Con
Page 119 and 120: 1.4. In addition to the above menti
Page 121 and 122: Supplementary Data in Conformity wi
Page 123 and 124: 1.3. The Board of Directors as at 3
Page 125 and 126: - supplementary investment services
Page 127 and 128: was launched aimed to introduce the
Page 129 and 130: Other Top Managers of Živnostensk
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Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

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