Výroční zpráva\Annual Report - CETELEM ČR, as

Notes to 2006 Financial Statements
4.3. Loans, credits and other performance provided
Receivables due from loans and credits provided Other performance
As at Dec 31, 2005 As at Dec 31, 2006 2005 2006
Shareholders - - - -
Statutory body and Supervisory Board - 520 - 198
Managers 1,372 4,160 1,660 1,095
Total 1,372 4,580 1,660 1,293
(In thousand CZK)
Other performance consists in income calculated pursuant to Act No. 586/1992 Coll., for the purposes of determining the income
tax; this includes primarily the provision of a car for company and personal purposes free of charge and contributions to pension
insurance and capital life assurance.
The Company provided no loans, credit or security to its shareholders, statutory body members, Supervisory Board members
or managers on terms and conditions other than at arm’s length in the reviewed accounting period and in the previous periods.
Interest rates as well as conditions of the provided credits corresponded with the conditions offered by financial institutions at the
given place and time. Information given in the Managers column includes emoluments to managers who also were members of
the Company’s statutory body or Supervisory Board.
5. GENERAL ACCOUNTING PRINCIPLES AND ACCOUNTING METHODS USED
The Company’s accounting was maintained pursuant to Act No. 563/1991 Coll., on accounting, as amended, Decree No. 500/2002
of the Ministry of Finance of the Czech Republic, which implements certain provisions of Act No. 563/1991, and Czech Accounting
Standards for Entrepreneurs.
5.1. General accounting principles
The accounting unit respected the Generally Accepted Accounting Principles:
» Principle of defining the accounting unit as a single entity
» Principle of assuming the continuous existence of the accounting unit
» Principle of independence of individual accounting periods
» Principle of consistency of methods
» Principle of objectivity (completeness, traceability, accuracy)
» Principle of balance continuity
» Principle of prudence
» Principle of no compensation
VÝROČNÍ ZPRÁVA\ANNUAL REPORT 2006 59