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

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.
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