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 <strong>Bank</strong> is the subject of several legal disputes. At 31 December <strong>2004</strong> a provision<br />
of CZK 21 million (31 December 2003: CZK 50 million) was made on the basis of the <strong>Bank</strong>’s<br />
assessment of the expected outcome of these legal disputes.<br />
Contingent liabilities include:<br />
31 December <strong>2004</strong><br />
CZK m<br />
31 December 2003<br />
CZK m<br />
Commitments 12 440 11 647<br />
Guarantees granted on behalf of:<br />
Customers 1 821 1 442<br />
Letters of credit 76 26<br />
Total value of guarantees 1 897 1 468<br />
Total commitments and guarantees 14 337 13 115<br />
Provisions for guarantees and commitments as at 31 December <strong>2004</strong> was CZK 4 million<br />
(31 December 2003: CZK 8 million) (Note 10).<br />
Contingent assets include the following balances with related parties:<br />
Loan commitments<br />
Guarantees granted<br />
31 December<br />
<strong>2004</strong><br />
31 December<br />
2003<br />
31 December<br />
<strong>2004</strong><br />
31 December<br />
2003<br />
CZK m CZK m CZK m CZK m<br />
Management 2 2 1 1<br />
Companies in UCI group 23 123 0 2<br />
25 125 1 3<br />
At 31 December <strong>2004</strong> and 2003 the <strong>Bank</strong> had no assets placed in custody or under<br />
management of a third party.<br />
43