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

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(2) Under IFRS, reclassification of payment to social fund of CZK 7 million from “Reserves and retained profit” to “Operating expenses”. (3) Reclassification of release of specific provision for guarantees of CZK 4 million from “Impairment losses on loans and advances” to “Other operating income” for IFRS purposes. (4) Under IFRS, negative revaluation of loans of CZK 67 million was included in the income statement within “Impairment losses on loans and advances”. (5) Annulment of decrease of reserve for dormant accounts by CZK 3 million. (6) Under IFRS, reclassification of gain of selling ZB Trust (CZK 90 million), dividend (CZK 28 million) and postaquisition retain earnings (CZK 51 million) between “Other operating income”, “Gains on disposal of subsidiaries” and “Dividends income”. (7) Under IFRS, reclassification of release of other specific provision CZK 73 million from “Addition and release of other specific provisions” to “Other operating income”. (8) Under IFRS, reclassification of addition of other specific provision CZK 21 million from “Addition and release of other specific provisions” to “Operating expense”. 116
Report on Relations between the Controlling Person and the Controlled Person and on Relations between the Controlled Person and Other Persons Controlled by the Same Controlling Person Under Section 66a (9) of Act No. 513/1991 Coll., the Commercial Code as amended, the Board of Directors of Živnostenská banka, a.s., registered office Prague 1, Na Příkopě 858/20, identification number 00001368 incorporated in the Commercial Register kept by the Municipal Court in Prague, Part B, entry No. 1350 ("Živnostenská banka" or "ŽB") has worked out the Report on Relations between the Controlling Person and the Controlled Person and on Relations between the Controlled Person and other Persons Controlled by the Same Controlling Person for the 2004 accounting period. During the whole accounting period of 2004 Živnostenská banka was controlled by UniCredito Italiano S.p.A. (“UCI”), registered office Via Dante 1, 16121 Genoa, Italy, incorporated in the Register of Companies under No. 1812 and in the Commercial Register under the number GE025-22 maintained with the Commercial, Industrial, Handicraft and Agricultural Chamber for Genoa. Živnostenská banka controls the company Zivnostenska Finance B.V., Haaksbergweg Ziudoost, the Netherlands. It is a dormant company which did not show any activity during the accounting period. At the beginning of the accounting period, exactly by 7 January 2004, Živnostenská banka controlled ŽB-Trust, investment company, a.s., registered office in Prague 1, Na Příkopě 15, identification No. 63080273, incorporated in the Commercial Register kept by the Municipal Court in Prague, Part B, entry No. 3277 ("ŽB-Trust, investment company" or "ŽBT") which was sold to the related company Pioneer Global Asset Management S.p.A. ("Pioneer"), registered office Galerie San Carlo, 6-20122, Milano, Italy, incorporated in the register under the number 13250740159. Based on the resolution of the Municipal Court in Prague from 27 October 2004 the company ŽB-Trust ceased to exist due to amalgamation by merge with the company Pioneer Czech Investment Company, a.s., registered seat in Prague 8, Karolinská 650/1, postcode 186 00, ID 63078295, which, as a successor company, has assumed net assets of the company ŽB-Trust based on such merge. Due to amalgamation of both companies by merge the management of mutual funds hitherto managed by the company ŽB-Trust has passed to Pioneer Czech Investment Company, a.s. - the successor company. In the accounting period 2004, other relations existed with other interconnected persons, specifically with the following companies: UniCredit Banca Mobiliare S.p.A., UniCredit Banca S.p.A., UniCredit Banca d´Impressa S.p.A., Zagrebacka Banka DD, Bank Pekao SA, IKB Deutsche Industriebank AG, UniBanka, a.s., UniCredit Leasing Romania SA (formerly Demir Romlease SA) and ŽB-Asset Management, a.s. The Board of Directors of Živnostenská banka hereby declares that only relations with the above mentioned companies existed between Živnostenská banka and persons interconnected with it. 117
Page 1 and 2:
Annual Report of Živnostenská ban
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Composition of the Supervisory Boar
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Introduction by the Chairman of the
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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
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As at 31 December 2004 Assets CZK E
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The VaR amount for interest rate ri
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(g) Liquidity risk The Bank is expo
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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 and 108: Maturities of assets and liabilitie
Page 109 and 110: to be completely matched since busi
Page 111 and 112: 34 RELATED PARTY TRANSACTIONS Parti
Page 113 and 114: Non-Audited Supplemental Informatio
Page 115: NON-AUDITED RECONCILIATION OF THE I
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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