Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Consolidated Financial Statement audited by International Financial Reporting Standards Consolidated Income Statements for the Year Ended 31 December Year ended 31 December Notes 2004 2003 CZK million CZK million Interest income 2 1 432 1 524 Interest expense 2 -571 -704 Net interest income 861 820 Fee and commission income 3 368 401 Fee and commission expense 3 -52 -52 Net fee and commission income 316 349 Net trading income 4 254 299 Gains less losses on available for sale securities 5 -3 9 Other operating income 6 87 23 General administrative and other operating expenses 7 -1 350 -1 236 Impairment losses, recovery and write off of loans and advances 8 -107 41 Net operating income 58 305 Gains on disposal of subsidiaries 9 67 8 Profit before tax 125 313 Income tax expense 10 -58 -146 Net profit 11 67 167 Earnings per share (expressed in CZK per share) - basic and diluted 11 49.2 122.8 The following notes form an integral part of these consolidated financial statements. 65
- 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 60 and 61: (g) Liquidity risk The Bank is expo
- Page 62 and 63: At 31 December 2003 Assets Within 3
- Page 66 and 67: Consolidated Balance Sheet for the
- Page 68 and 69: Consolidated Cash Flow Statement fo
- Page 70 and 71: 1 ACCOUNTING POLICIES The principal
- Page 72 and 73: If the hedge no longer meets the cr
- Page 74 and 75: (k) Originated loans and the provis
- Page 76 and 77: the reimbursement from the customer
- Page 78 and 79: 5 GAINS LESS LOSSES FROM AVAILABLE-
- Page 80 and 81: 9 DISPOSAL OF SUBSIDIARIES On 7 Jan
- Page 82 and 83: The movement in the deferred income
- Page 84 and 85: 16 DERIVATIVE FINANCIAL INSTRUMENTS
- Page 86 and 87: 17 LOANS AND ADVANCES TO CUSTOMERS
- Page 88 and 89: 20 PROPERTY, PLANT AND EQUIPMENT AN
- Page 90 and 91: 22 DUE TO OTHER BANKS 31 December 2
- Page 92 and 93: 28 RESERVES AND RETAINED PROFIT If
- Page 94 and 95: 32 CASH AND CASH EQUIVALENTS Cash a
- Page 96 and 97: Exposure to credit risk is managed
- Page 98 and 99: As at 31 December 2004 Loans and ad
- Page 100 and 101: Concentrations of assets, liabiliti
- Page 102 and 103: (f) Interest rate risk Interest sen
- Page 104 and 105: As at 31 December 2003 Assets Cash
- Page 106 and 107: The table below summarises the effe
- Page 108 and 109: As at 31 December 2003 Up to 1 mont
- Page 110 and 111: Loans and advances to customers Loa
- Page 112 and 113: Items are sorted by type of product
Consolidated Financial Statement audited by International<br />
Financial Reporting Standards<br />
Consolidated Income Statements for the Year Ended 31 December<br />
Year ended 31 December<br />
Notes <strong>2004</strong> 2003<br />
CZK million CZK million<br />
Interest income 2 1 432 1 524<br />
Interest expense 2 -571 -704<br />
Net interest income 861 820<br />
Fee and commission income 3 368 401<br />
Fee and commission expense 3 -52 -52<br />
Net fee and commission income 316 349<br />
Net trading income 4 254 299<br />
Gains less losses on available for sale securities 5 -3 9<br />
Other operating income 6 87 23<br />
General administrative and other operating expenses 7 -1 350 -1 236<br />
Impairment losses, recovery and write off of loans and advances 8 -107 41<br />
Net operating income 58 305<br />
Gains on disposal of subsidiaries 9 67 8<br />
Profit before tax 125 313<br />
Income tax expense 10 -58 -146<br />
Net profit 11 67 167<br />
Earnings per share (expressed in CZK per share)<br />
- basic and diluted 11 49.2 122.8<br />
The following notes form an integral part of these consolidated financial statements.<br />
65
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