Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
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The movements in allowances can be analysed as follows:<br />
Impaired loans<br />
to customers<br />
Trading<br />
securities<br />
Availablefor-sale<br />
securities<br />
CZK m CZK m CZK m<br />
At 31 January 2003 363 19 1<br />
Additions 204 0 0<br />
Usage 0 - 19 0<br />
Release - 134 0 0<br />
Foreign exchange adjustment - 1 0 0<br />
At 31 December 2003 432 0 1<br />
Additions 348 0 0<br />
Usage - 17 0 0<br />
Release - 133 0 0<br />
Foreign exchange adjustment - 9 0 0<br />
At 31 December <strong>2004</strong> 621 0 1<br />
Write-offs and recovery of amounts written off previously<br />
31 December <strong>2004</strong><br />
CZK m<br />
31 December 2003<br />
CZK m<br />
Amounts due from clients written off - 18 - 11<br />
Recovery of amounts written off previously 13 0<br />
Net loss amounts written off - 5 - 11<br />
Bad debts are written off against established general provisions, specific allowances<br />
or directly expensed in the case that management asserts their recoverability as being remote.<br />
37