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

The Bank creates social fund. The social fund contributions are not charged to the income
statement in accordance with Czech accounting rules and are presented in other liabilities.
(v)
Related parties
Related parties are defined in accordance with the Act on Banks as follows:
• board members, senior management and their relatives;
• corporates controlling the Bank and their shareholders holding more than 10% of capital,
their senior management and its relatives;
• corporates in which board members of the Bank, senior management or corporates
controlling the Bank hold at least 10% shareholding;
• subsidiaries of the Bank.
In accordance with the Czech accounting rules the following related party balances
and transactions are disclosed in Notes 4, 5, 6, 7, 9, 11, 12, 14, 15, 16, 17 and 23:
• total amount of loans provided by the Bank to members of Board of Directors,
Supervisory Board, and to employees participating in the management of the Bank;
• total amount of deposits received by the Bank from the members of the Board
of Directors, Supervisory Board, and from employees participating in the management
of the Bank;
• total amount of guarantees issued by the Bank for the members of Board of Directors,
Supervisory Board, and to employees participating in the management of the Bank;
• name and the place of incorporation of the Bank’s shareholders holding more than 10% of
share capital or voting rights;
• all salaries and remuneration of members of Board of Directors, Supervisory Board
in aggregated amounts for each body, and of employees participating in the management
of the Bank.
(w)
Subsequent events
The effects of events, which occurred between the balance sheet date and the date of signing
the financial statements, are reflected in the financial statements in the case that these events
provide further evidence of conditions, which existed at the balance sheet date.
Where significant events occur subsequent to the balance sheet date prior to signing
of the financial statements, which are indicative of conditions, which arose subsequent to the
balance sheet date, the effects of these events are disclosed, but are not themselves reflected in
the financial statements.
(x)
Extraordinary items and changes in accounting policy
Extraordinary items include significant one-off effects of events outside the scope
of the Bank’s activities.
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