as at December 31, 2003 - EFG Bank Group

More documents

Recommendations

Info

74 Notes to the Financial Statements (continued) 7. Statements of changes in shareholders’ equity Reserve for Total per General legal general Other Available balance (All figures in thousands of CHF) Share capital reserve banking risks reserves earnings sheet Balance at January 1, 2003 250’000 16’650 10’345 247’650 13’234 537’879 Allocation to/from reserves - 700 - 12’500 (13’200) - Net profit for the year - - - - 13’255 13’255 Balance at December 31, 2003 250’000 17’350 10’345 260’150 13’289 551’134 8. Capital structure and significant shareholders Dec. 31, 2003 Dec. 31, 2002 Total Dividend Total Dividend nominal Number of bearing nominal Number of bearing (All figures in thousands of CHF) value units capital value units capital Capital structure Share capital 250’000 900’000 250’000 250’000 900’000 250’000 Total share capital 250’000 900’000 250’000 250’000 900’000 250’000 Dec. 31, 2003 Dec. 31, 2002 Nominal Participation Nominal Participation (All figures in thousands of CHF) in % in % Significant shareholders Mrs A M L Latsis 37’500 15 37’500 15 Mrs H Latsis 37’500 15 37’500 15 Mrs M Latsis 37’500 15 37’500 15 Mr S J Latsis 12’500 5 12’500 5 Mr J S Latsis, Jr 25’000 10 25’000 10 The Bank de Dépôts Trust, beneficiaries of which are Latsis family members 100’000 40 100’000 40 9. Fiduciary transactions (All figures in thousands of CHF) Dec. 31, 2003 Dec. 31, 2002 Deposits with third party banks 1’400’201 1’539’040 Deposits with Group banks 186’213 396’039 Loans and other fiduciary transactions 746 3’328 Total 1’587’160 1’938’407 EFG Bank European Financial Group
Notes to the Financial Statements (continued) 10. Income from trading activities, net (All figures in thousands of CHF) 2003 2002 Foreign exchange and banknotes 1'056 1'230 Total 1'056 1'230 11. Related party transactions Commission income from other services includes fees amounting to CHF 4’019 thousands (2002: CHF 3’124 thousands) charged by the Bank to affiliates in respect of Group risk, finance and internal control monitoring services performed in its capacity as Group Parent Bank. Other operating expenses include fees amounting to CHF 1’111 thousands (2002: CHF 1’183 thousands) charged to the Bank by its subsidiary, EFG Private Bank SA, in respect of transactions execution and settlement, back offices, custody and corporate actions, electronic fund transfers, asset management, daily risk management activities, information technology, legal and compliance support, which it provides to the Bank. 12. Other assets and other liabilities Other assets and other liabilities essentially consist of gross replacement values of derivatives. The net balance of the balancing account relating those derivatives, if any, for which marking to market did not generate a corresponding entry to the statement of income (e.g. certain hedging instruments), is immaterial. Annual Report 2003 75
Page 1:
Annual Report 2003
Page 4 and 5:
Contents 3 Consolidated financial h
Page 6 and 7:
4 Report of the Board of Directors
Page 8 and 9:
6 Report of the Board of Directors
Page 10 and 11:
8 EFG Bank Group’s Activities The
Page 12 and 13:
10 EFG Bank Group’s Activities (c
Page 14 and 15:
12 Consolidated Statement of Income
Page 16 and 17:
14 Consolidated Statement of Change
Page 18 and 19:
16 Notes to the Consolidated Financ
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27: 24 Notes to the Consolidated Financ
Page 60 and 61: 58 Principal Offices (continued) Pr
Page 62 and 63: 60 Principal Offices (continued) Pr
Page 64 and 65: Contents 64 Review of Parent Bank a
Page 66 and 67: 64 Review of Parent Bank Activities
Page 68 and 69: 66 Statement of Income for the year
Page 70 and 71: 68 Off Balance Sheet Positions at D
Page 72 and 73: 70 Notes to the Financial Statement
Page 74 and 75: 72 Notes to the Financial Statement
Page 78: 76 Board of Directors and Advisory
show all

as at December 31, 2003 - EFG Bank Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?