Letno poročilo 2009.pdf - UniCredit Banka Slovenija dd

The current corporate income tax rate is 21 % (22 % in the year2008), for deferred taxes 20 % (21 % in the year 2008) was used,which is the corporate income tax in 2010.Deferred taxes are provided for temporary differences arising betweenthe tax bases of assets and liabilities and their carrying amount onthe balance sheet.In considering each possible related-party relationship, attention isdirected to the substance of the relationship and not merely the legalform.Deferred tax liabilities are the amounts of income taxes payable infuture periods in respect of taxable temporary differences.Deferred tax assets are the amounts of income taxes recoverable infuture periods in respect of deductible temporary differences, thecarry-forward of unused tax losses and the carry-forward of unusedtax credits.The Bank is subject to various indirect operating taxes. These areincluded as a component of administrative expenses.Fiduciary activitiesAssets managed by the Bank in its capacity as a nominee, trustee oragent are not assets of the Bank and are accordingly not included inthese financial statements.Segment reportingThe Bank did not decide to disclose segment information as itsequity is not publicly traded and it is not in the process of issuingequity or debt securities in public securities markets.Regulatory requirementsThe Bank is subject to the regulatory requirements of the Bank ofSlovenia. These regulations include limits and other restrictionspertaining to minimum capital adequacy requirements, theclassification of loans and off-balance-sheet commitments andprovisioning to cover credit risk, liquidity, interest rate, and foreigncurrency position. As of 31 December 2009, the Bank was incompliance with all regulatory requirements.Related partiesRelated parties are those counterparties that represent:• Enterprises that directly, or indirectly through one or moreintermediaries, control, or are controlled by, or are under commoncontrol by, the reporting enterprise;• Key management personnel, that is, those persons having theauthority and responsibility for planning, directing and controllingthe activities of the Group, including directors and officers of theBank and close members of the families of such individuals;• Enterprises in which a substantial interest in the voting poweris owned directly or indirectly by any person described aboveor over which such a person is able to exercise a significantinfluence. This includes enterprises owned by directors or majorshareholders of the Bank and enterprises that have a member ofkey management in common with the Bank.UniCredit Bank · 2009 Annual Report 179