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

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(g) Liquidity risk The Bank is exposed to daily calls on its available cash resources from overnight deposits, current accounts, maturing deposits, loan draw downs, guarantees and from margin and other calls on cash settled derivatives. The Bank does not maintain cash resources to meet all of these needs as experience shows that a minimum level of reinvestment of maturing funds can be predicted with a high level of certainty. The Board sets limits on the minimum proportion of maturing funds available to meet such calls and on the minimum level of interbank and other borrowing facilities that should be in place to cover withdrawals at unexpected levels of demand. In case of unexpected outflow of liquid resources, the Bank has a back up portfolio of highly liquid government bonds and back up liquidity line with its main shareholder. The table below analyses assets and liabilities of the Bank into relevant maturity bands based on the remaining period at the balance sheet date to the contractual maturity date. Debt securities can be realised on financial markets prior to their contractual maturity. 60
At 31 December 2004 Assets Within 3 months 3 – 12 months 1 – 5 years Over 5 years Unspecified Total CZK m CZK m CZK m CZK m CZK m CZK m Deposits with central bank 551 0 0 0 1 428 1 979 Due from banks 11 991 164 273 0 0 12 428 Due from customers 5 665 7 247 7 181 4 770 - 343* 24 520 Trading securities 650 697 3 311 361 0 5 019 Securities available-for-sale 0 233 198 326 22 779 Investments 0 0 0 0 0 0 Other assets 129 62 43 0 1 828 2 062 18 986 8 403 11 006 5 457 2 935 46 787 Liabilities Due to banks 4 674 715 0 0 0 5 389 Due to customers 31 992 611 417 0 208 33 228 Liabilities from debt securities 1 722 0 932 0 0 2 654 Subordinated liabilities 0 0 0 1 000 0 1 000 Provisions 0 0 0 0 293 293 Other liabilities 92 30 91 19 3 991 4 223 38 480 1 356 1 440 1 019 4 492 46 787 Net financial assets/(liabilities) - 19 494 7 047 9 566 4 438 - 1 557 0 * CZK -343 million is stated net of an amount of CZK -621 million representing allowance for impaired loans. 61
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 30 and 31: Securities available-for-sale at 31
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 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
Page 81 and 82: The tax on the operating profit dif
Page 83 and 84: 13 STATE TREASURY AND OTHER BILLS E
Page 85 and 86: 31 December 2004 31 December 2003 N
Page 87 and 88: 18 SECURITIES AVAILABLE-FOR-SALE 31
Page 89 and 90: Property, plant and equipment Dispo
Page 91 and 92: y 29 December 2014, with no repayme
Page 93 and 94: The following table indicates the c
Page 95 and 96: (b) Capital adequacy To monitor the
Page 97 and 98: Geographical concentrations of asse
Page 99 and 100: market movements. The Board of Dire
Page 101 and 102: CZK USD GBP EUR Other Total As at 3
Page 103 and 104: As at 31 December 2004 Up to 1-3 3-
Page 105 and 106: The table below summarises the effe
Page 107 and 108: Maturities of assets and liabilitie
Page 109 and 110: to be completely matched since busi
Page 111 and 112:
34 RELATED PARTY TRANSACTIONS Parti
Page 113 and 114:
Non-Audited Supplemental Informatio
Page 115 and 116:
NON-AUDITED RECONCILIATION OF THE I
Page 117 and 118:
Report on Relations between the Con
Page 119 and 120:
1.4. In addition to the above menti
Page 121 and 122:
Supplementary Data in Conformity wi
Page 123 and 124:
1.3. The Board of Directors as at 3
Page 125 and 126:
- supplementary investment services
Page 127 and 128:
was launched aimed to introduce the
Page 129 and 130:
Other Top Managers of Živnostensk
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Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

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