Bilansi uspjeha - Raiffeisen Bank

Notes to the financial statements
31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
12. IMPAIRMENT LOSSES AND PROVISIONS
2005 2004
Placements with banks (3) 16
Loans and receivables 20,122 18,743
Purchased loans (132) 608
Fixed assets (38) 1,068
Equity investments (388) (1,173)
Other assets 113 96
Provisions 6,216 3,144
Total 25,890 22,502
13. INCOME TAX
2005 2004
Profit before income tax 24,229 21,146
Non-deductible expenses and
taxable income relieves
9,392 3,778
Taxable income 33,621 24,924
Income tax liability of 30% 10,086 7,477
Income tax exemption (10,086) (7,477)
Income tax liability - -
Tax liability is based on accounting income taking into the account non-deductible expenses and non-taxable income.
Tax income rate for the years ended 31 December 2005 and 2004 was 30%. According to the fiscal legislation, the
Bank’s exemption from income tax is based on planned investments in fixed assets in the next year. Income tax exemp-
tions for investments in fixed assets are available on continuous basis.
14. CASH AND DUE FROM BANKS
2005 2004
Cash on hand in domestic currency 27,597 17,923
Cash on hand in foreign currency 17,055 19,639
Current account in domestic currency with the Cen-
tral Bank 29,048 101,102
Correspondent accounts with banks in foreign cur-
rency 16,328 10,262
Checks in foreign currency 92 85
Total 90,120 149,011
Financial statement
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