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 reimbursement from the customers. Acceptances are accounted for as off-balance sheet<br />
transactions and are disclosed as contingent liabilities and commitments.<br />
(s)<br />
Fiduciary activities<br />
Assets managed and revenues arising from such assets, as well as obligations to return such<br />
assets to clients, are not entered in these financial statements if the Group acts as the agent,<br />
trustee or broker.<br />
(t)<br />
Comparatives<br />
Where necessary, comparative figures have been adjusted to conform with changes<br />
in presentation in the current year.<br />
2 NET INTEREST INCOME<br />
31 December <strong>2004</strong> 31 December 2003<br />
CZK m<br />
CZK m<br />
Interest income<br />
Interest from cash and short term funds 137 116<br />
Interest from trading securities 117 144<br />
Interest from available-for-sale securities 26 35<br />
Interest from securities borrowed and reverse repos 225 289<br />
Interest from loans and advances 927 940<br />
1 432 1 524<br />
Interest expense<br />
Interest to banks and customers 483 637<br />
Interest from securities lent and repos 11 12<br />
Other borrowed funds 77 55<br />
571 704<br />
Net interest income 861 820<br />
76
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