Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
Annual report 2004 (PDF, 4141 kB) - Unicredit Bank Annual report 2004 (PDF, 4141 kB) - Unicredit Bank
5 GAINS LESS LOSSES FROM AVAILABLE-FOR-SALE SECURITIES 31 December 2004 31 December 2003 CZK m CZK m Realised (losses)/gains from available-for-sale securities 1 -23 Unrealised (losses)/gains from available-for-sale securities -4 32 6 OTHER OPERATING INCOME -3 9 31 December 2004 31 December 2003 CZK m CZK m Release of provisions for guarantees and other specific provisions (note 27) 74 7 Revenue from sales of tangible and intangible fixed assets 0 10 Other operating income 13 6 87 23 78
7 OPERATING EXPENSES Operating expenses 31 December 2004 31 December 2003 CZK m CZK m Staff costs (see below) 537 511 Depreciation and amortisation 216 260 Administrative expenses 131 110 Communications 38 34 Advertising and marketing 105 63 Compulsory deposit insurance 58 28 Professional services 19 39 Office and car maintenance 17 18 Operating lease rentals 61 54 IT maintenance 78 75 Office equipment 15 8 Other expenses related to employees 10 10 Addition of specific provisions (note 27) 21 0 Tax penalty 22 0 Loss on sale of property and equipment 0 8 Other 22 18 1 350 1 236 Staff costs Wages and salaries 393 377 Social security costs and social fund contributions 139 130 Pension costs 5 4 537 511 The average number of employees of the Group during 2004 was 802 (2003: 841). 8 IMPAIRMENT LOSSES ON LOANS AND ADVANCES TO CUSTOMERS 31 December 2004 31 December 2003 CZK m CZK m Release/(charge) of provision for impairment (Note 17) -102 52 Amounts due from clients written off -18 -11 Recovery of loans previously written off 13 0 Total net additions to provisions -107 41 79
- 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 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: 3 NET FEE AND COMMISSION INCOME 31
- 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
5 GAINS LESS LOSSES FROM AVAILABLE-FOR-SALE SECURITIES<br />
31 December <strong>2004</strong> 31 December 2003<br />
CZK m<br />
CZK m<br />
Realised (losses)/gains from available-for-sale securities 1 -23<br />
Unrealised (losses)/gains from available-for-sale securities -4 32<br />
6 OTHER OPERATING INCOME<br />
-3 9<br />
31 December <strong>2004</strong> 31 December 2003<br />
CZK m<br />
CZK m<br />
Release of provisions for guarantees<br />
and other specific provisions (note 27) 74 7<br />
Revenue from sales of tangible and intangible fixed assets 0 10<br />
Other operating income 13 6<br />
87 23<br />
78
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