Bilansi uspjeha - Raiffeisen Bank

Notes to the financial statements
31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
18. PURCHASED LOANS HELD TO MATURITY (CONTINUED)
The movements in provision for impairment of purchased loans are summarized as follows:
2005 2004
Balance as at 1 January 1,451 1,961
Provisions charged - 608
Reversal of provisions (132) -
Write – offs (649) (1,118)
Balance as at 31 December 670 1,451
19. EQUITY INVESTMENTS
Investments in subsidiaries:
2005 2004
Raiffeisen osiguranje d.d., Sarajevo - 2,923
MI Group d.o.o., Sarajevo 1,610 1,610
Raiffeisen brokers d.o.o.,Sarajevo 507 200
Investments in minority interest:
Euromarket bank, Podgorica - 600
PIF MI Group d.d. Sarajevo 533 100
Others 22 22
Total investments 2,672 5,455
Provision for impairment (188) (576)
Total 2,484 4,879
During 2005 the Bank has sold all 6,690 shares of Raiffeisen osiguranje d.d. Sarajevo to UNIQA International
Beteiligungs-Verwaltungus GmbH. Net income earned from sale of above-mentioned shares was KM 3,471
thousand. Additionally, on 26 April 2005 the Bank has sold all 600 shares of Euromarket banka AD Podgorica
to Nova Ljubljanska banka d.d. Ljubljana. Net income earned from sale of above-mentioned shares was KM 467
thousand. Proceeds from both transactions in total amount of KM 7,462 thousand have been collected in full amount.
The movements in the provision for impairment of investments are summarized as follows:
2005 2004
Balance as at 1 January 576 1,749
Provisions charged 95 476
Reversal of provisions (483) (1,649)
Balance as at 31 December 188 576
Financial statement
www.raiffeisenbank.ba
125