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

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22 DUE TO OTHER BANKS 31 December 2004 31 December 2003 CZK m CZK m Current accounts 104 18 Loans received from other banks 10 20 Term deposits of other banks 5 275 4 728 5 389 4 766 23 DUE TO CUSTOMERS 31 December 2004 31 December 2003 CZK m CZK m Corporate customers: - Current accounts 7 409 9 016 - Term deposits 5 019 4 837 Retail customers: - Current accounts 6 367 6 141 - Term deposits 14 433 14 684 33 228 34 678 24 DEBT SECURITIES IN ISSUE 31 December 2004 31 December 2003 CZK m CZK m CZK medium term mortgage bonds 737 746 Promissory notes and bills of exchange 1 725 2 667 Bonds 192 0 2 654 3 413 25 SUBORDINATED DEBT On 29 December 2004 the Bank repaid a subordinated loan of CZK 1 billion from parent company UCI, and the same day received a subordinated debt from parent company UCI in the same amount. The subordinated loan bears interest at the Prague Interbank Offered Rate (“PRIBOR”) plus a margin of 60 basis points until 29 December 2009 and 120 basis points thereafter. The interest is payable quarterly in arrears. The principal is repayable 90
y 29 December 2014, with no repayment being possible before 29 December 2009 and with the consent of the CNB. The loan, which is unsecured, is subordinated to all other liabilities of the Bank and forms a part of the tier two capital of the Bank as defined by the CNB for the purposes of determination of its capital adequacy 26 OTHER LIABILITIES 31 December 2004 31 December 2003 CZK m CZK m Accruals 88 89 Payments in transit 478 592 Other creditors 100 32 Unsettled securities in transit 0 12 Amounts payable to employees 102 82 Other 3 19 771 826 27 PROVISIONS The movements in provisions can be analysed as follows: Provisions for guarantees CZK million Other specific provisions CZK million Balance at 1 January 2003 12 85 Unused and reversed of provisions 4 3 Additions of provisions 0 0 Balance at 31 December 2003 8 82 Unused and reversed of provisions 4 70 Additions of provisions 0 21 Balance at 31 December 2004 4 33 The Group is the subject of several legal disputes. At 31 December 2004 a provision of CZK 21 million (31 December 2003: CZK 50 million) was made on the basis of the Group’s assessment of the expected outcome of these legal disputes. 91
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Annual Report of Živnostenská ban
Page 3 and 4:
Composition of the Supervisory Boar
Page 5 and 6:
Introduction by the Chairman of the
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Directors’ Report Dear Clients an
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During 2004, the Bank opened 14 new
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provided support to a number of pro
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Liabilities: Note 31 December 2004
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Income Statement for the Year Ended
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Schedule to the Financial Statement
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• on sale or transfer of any secu
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(o) Receivables Receivables are sta
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The Bank creates social fund. The s
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In 2004 and 2003, the Bank did not
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for comparable transactions with ot
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Securities available-for-sale at 31
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(c) Movements in investments in sub
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Tangible fixed assets 31 December 2
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10 ALLOWANCES, PROVISIONS AND WRITE
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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 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: Property, plant and equipment Dispo
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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