Branko Jelínek: Portrét vlajky II. / Porträt der Flagge II. / Portrait of the ...

Report of the Supervisory Board
The Supervisory Board of ª U D O V Á B A N K A, a. s.
at its meeting on April 13, 2000, reviewed the submitted
financial statements for the year ended December 31, 1999 and came
to the following conclusions:
Pursuant to Section 21 (3) of the Articles of Association the Supervisory Board unanimously approves
the financial statements for the financial year 1999 audited by KPMG Slovensko spol. s r.o., Bratislava.
The Board of Directors proposed, the Supervisory Board has decided to submit
to the General Assembly of ªUDOVÁ BANKA, a. s. to be held on April 13, 2000, the following
distribution of profits for 1999 SKK 213,540,186.94
• 5% contribution to Reserve Fund as required by Law SKK 10,677,010.00
• Payment of dividends SKK 61,965,000.00
ordinary shares (SKK 490,— /share)
preference shares (SKK 487,50 /share)
• Retained profit SKK 140,898,176.94
General Management Director
Klaus Thalhammer
President of Supervisory Board
Bratislava, April 13, 2000
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Annual Report 1999