Výroční zpráva\Annual Report - CETELEM ČR, as

Notes to 2006 Financial Statements
7.12.2 Intra-Group liabilities
Long-term bank credits -
2005 2006
Current bank credits 170,000 200,000
Unpaid interest 219 1,097
Other liabilities 14,840 4,984
(in thousand CZK)
The Company’s other liabilities are primarily those resulting from the services provided in connection with processing business
transactions and other services provided by the parent company or another group company. As this item is estimated to an extent,
which is performed as at the account closing date, the actual figure may be slightly different from the data presented.
7.12.3 Liabilities with maturity exceeding five years
The Company records no liabilities with maturity exceeding five years.
7.12.4 Liabilities covered by means of lien
The Company has no liabilities secured by means of lien in the event of failure to pay.
7.13. Bank credits and bonds
2005 2006
Long-term bank credits 2,270,000 3,420,000
Current bank credits 4,537,294 5,407,120
Of which Current bank credits 4,510,000 5,310,000
Overdraft credits 27,294 97,120
Long-term bank credits total 6,807,294 8,827,120
(in thousand CZK)
Bank credits received by CETELEM ČR, a.s., as a member of the BNP Paribas bank group, are secured by BNP Paribas bank
guarantees. The Company does not guarantee its liabilities with any pledged assets. As at December 31, 2006, the Company
records long-term credits in the following structure: CZK 2,130 million due within 2 years; CZK 700 million due within 3 years;
CZK 410 million due within 4 years; and CZK 180 million due within 5 years. The interest rates on credits received correspond to
the developments in interest rates in the inter-bank market in the Czech Republic.
7.14. Temporary liability accounts
The Company uses the temporary liability accounts to record costs related to the current accounting period materially and in terms
of time where the relevant expenditure had not taken place as at the date of account closing (e.g. unbilled service deliveries or
interest incurred on credits received that is due in the following period) and deferred income (received payments deferrals).
VÝROČNÍ ZPRÁVA\ANNUAL REPORT 2006 77