Bilansi uspjeha - Raiffeisen Bank

Notes to the financial statements
31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
Actual balances for 2005 and 2004 and pro forma balances for 2004 can be presented as follows:
Change in portfolio of originated loans and receivables
In accordance with the changes of IAS 39 (Revised) Financial Instruments portfolio of ‘Originated loans and advances
to customers, net was changed to ‘Loans and receivables’. Under the revised definition, the Bank is permitted to
classify as loans and receivables purchased loans that are not quoted in an active market.
Equity investments
A subsidiary is an entity which is controlled by the Bank. Control is achieved where the Bank has the power to govern
the financial and operating policies of an entity so as to obtain benefits from its activities.
An associate is an entity over which the Bank has significant influence and that is neither a subsidiary nor a joint
venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee
but is not control or joint control over those policies.
Investments in non-consolidated subsidiaries and associates are valued in these unconsolidated financial statements
at cost less impairment.
Financial information about investments in subsidiaries and associates are as follows:
2005 2004 Pro Forma 2004
Fee income - loans and guarantees 3,623 3,553 2,951
Fee expense - borrowed funds and
other banking services 2,802 4,249 3,839
Prepaid expenses 2,596 1,987 3,169
Deferred income 5,679 - 1,535
Retained earnings 80,138 60,447 60,094
Subsidiaries:
Total
Assets
Share
capital
Profit for
2005
Accumulated
losses/gains
Total Equity
Raiffeisen Brokers d.o.o.
Sarajevo 2,127 507 881 - 1,388
DUF, Market Investment Group d.o.o
Sarajevo 3,145 1,610 560 934 3,104
Financial statement
www.raiffeisenbank.ba
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