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

The movement in the deferred income tax asset comprises the following temporary
differences:
31 December 2004 31 December 2003
CZK m
CZK m
Net unrecognised deferred tax assets at 1 January 41 35
Effect of change in the corporate tax rate in future years 0 -11
Tax non-deductible provisions for loans 5 2
(Utilisation)/increase of unrecognised tax losses -8 2
Change in other temporary differences 2 5
Change in differences between accounting and tax depreciation 1 8
Net deferred tax assets at 31 December 41 41
11 EARNINGS PER SHARE
A basic earnings per share is calculated by dividing the net profit attributable
to shareholders by the weighted average number of shares in issue during the year.
31 December 2004 31 December 2003
Net profit attributable to shareholders (CZK m) 67 167
Weighted average of shares in issue (number) 1 360 410 1 360 410
Basic and diluted earnings per share (CZK per share) 49.2 122.8
12 CASH AND BALANCES WITH CENTRAL BANK
31 December 2004 31 December 2003
CZK m
CZK m
Cash in hand 548 399
Balances with central bank other than mandatory reserve
3 39
deposits
Included in cash and cash equivalents (Note 32) 551 438
Mandatory reserve deposits with central bank 1 428 1 373
1 979 1 811
Minimum mandatory reserves are not available for the Bank’s day-to-day operations.
82