Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Securities available-for-sale at 31 December 2004 include securities at fair value of CZK 12 million, which were issued by subsidiary or associated undertakings (at 31 December 2003: CZK 12 million). (c) Securities held-to-maturity At 31 December 2004, 2003 the Bank has no securities in a held to maturity portfolio. 7 INVESTMENTS IN SUBSIDIARY AND ASSOCIATED UNDERTAKINGS (a) Investments in associated undertakings At 31 December 2004, 2003 the Bank has no investments in associated undertakings. (b) Investments in subsidiary undertakings At 7 January 2004 the Bank sold its interest in associated undertaking, ŽB - Trust, investiční společnost, a.s., to Pioneer Global Asset Management S.p.A. The selling price was CZK 4 735 800 for one share. Total selling price was CZK 94 million. At 31 December 2004 Name, registered office and major business Number Nominal Share of shares At cost value Equity capital Shareholding pieces CZK m CZK m CZK m CZK m % Zivnostenska Finance B. V. Haaksbergweg Zuidoost, The Nenterlands; Financial and investment services n/a* 1 1 0 1 100 1 1 Provision for diminution in value (Note 10) - 1 Net value 0 * n/a – not applicable 30
At 31 December 2003 Name, registered office and major business Number of shares pieces At cost CZK m Nominal value CZK m Equity CZK m Share capital CZK m Shareholding % ŽB - Trust, investiční společnost, a.s. Na Příkopě 15, 110 00 Praha 1; Collective investment 20 5 20 57 20 100 Zivnostenska Finance B. V. Haaksbergweg Zuidoost, The Netherlands; Financial and investment services n/a* 1 1 0 1 100 6 21 Provision for diminution in value (Note 10) - 1 Net value 5 * n/a – not applicable Investments in subsidiary and associated undertakings comprise solely investments in common stock. Voting rights are equal to the shareholders in each company. 31
- Page 1 and 2: 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
- Page 9 and 10: During 2004, the Bank opened 14 new
- Page 11: provided support to a number of pro
- Page 14 and 15: Liabilities: Note 31 December 2004
- Page 16 and 17: Income Statement for the Year Ended
- Page 18 and 19: Schedule to the Financial Statement
- Page 20 and 21: • on sale or transfer of any secu
- Page 22 and 23: (o) Receivables Receivables are sta
- Page 24 and 25: The Bank creates social fund. The s
- Page 26 and 27: In 2004 and 2003, the Bank did not
- Page 28 and 29: for comparable transactions with ot
- Page 32 and 33: (c) Movements in investments in sub
- Page 34 and 35: Tangible fixed assets 31 December 2
- Page 36 and 37: 10 ALLOWANCES, PROVISIONS AND WRITE
- Page 38 and 39: 11 DUE TO BANKS 31 December 2004 CZ
- Page 40 and 41: 13 LIABILITIES FROM DEBT SECURITIES
- Page 42 and 43: If the balance of the statutory res
- Page 44 and 45: 31 December 2004 31.December 2003 C
- Page 46 and 47: 20 COMMISSION AND FEE INCOME AND EX
- Page 48 and 49: 23 ADMINISTRATIVE EXPENSES 31 Decem
- Page 50 and 51: 24 TAXATION 31 December 2004 CZK m
- Page 52 and 53: 26 FINANCIAL RISKS (a) Strategy in
- Page 54 and 55: 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
At 31 December 2003<br />
Name, registered office<br />
and major business<br />
Number<br />
of shares<br />
pieces<br />
At cost<br />
CZK m<br />
Nominal<br />
value<br />
CZK m<br />
Equity<br />
CZK m<br />
Share<br />
capital<br />
CZK m<br />
Shareholding<br />
%<br />
ŽB - Trust, investiční společnost,<br />
a.s.<br />
Na Příkopě 15, 110 00 Praha 1;<br />
Collective investment 20 5 20 57 20 100<br />
Zivnostenska Finance B. V.<br />
Haaksbergweg Zuidoost, The<br />
Netherlands;<br />
Financial and investment<br />
services n/a* 1 1 0 1 100<br />
6 21<br />
Provision for diminution in value<br />
(Note 10) - 1<br />
Net value 5<br />
* n/a – not applicable<br />
Investments in subsidiary and associated undertakings comprise solely investments<br />
in common stock. Voting rights are equal to the shareholders in each company.<br />
31
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