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

If the balance of the statutory reserve fund has not reached 20% of the share capital, the Bank
is required under the Commercial Code to allocate 5% of annual profit to this
non-distributable fund.
Profit distribution
The net profit for 2004 is proposed to be allocated, as follows:
31 December 2004
CZK m
31 December 2003
CZK m
Social fund contributions 7 7
Retained earnings 188 255
195 262
Social fund contributions are not charged to the income statement in accordance with Czech
accounting rules.
Earnings per share
Basic earnings per share is calculated by dividing the net profit attributable to shareholders by
the number of ordinary shares in issue during the year.
31 December 2004 31 December 2003
Net profit attributable to shareholders (in CZK m) 188 255
Number of ordinary shares in issue
(in thousand pieces) 1 360 1 360
Basic earnings per share (in CZK) 138,23 187,50
In December 2003, these shares were excluded from trading on public markets according to
the proposal of the major shareholder.
17 CONTINGENCIES AND COMMITMENTS
Commitments to provide a loan, loan guarantees to third parties, guarantees from acceptance
of bills of exchange and letters of credit expose the Bank to credit risk and to loss in the event
of a client’s inability to meet his obligations. Various commitments and contingent liabilities
arise in the normal course of business involving elements of credit, interest rate and liquidity
risk.
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