Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

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In 2004 and 2003, the Bank did not restructure any of its receivables from banks. In 2004 and 2003 the Bank classified all claims from banks as standard. 5 DUE FROM CUSTOMERS 31 December 2004 CZK m 31 December 2003 CZK m Public sector 98 72 Financial sector 863 1 421 Non-financial sector - legal persons 20 873 19 567 Physical persons 3 307 2 158 25 141 23 218 Allowance for impaired loans (Note 10) - 621 - 432 24 520 22 786 In addition to the allowance for impaired loans the Bank has reflected a general provision for loans of CZK 256 million at 31 December 2004 (31 December 2003: CZK 410 million). This provision has to be utilised or written back to income by 31 December 2005 (Note 2(p), Note 10). The Bank restructured CZK 159 million of its loans and receivables in 2004 (31 December 2003: CZK 134 million). Loans and other receivables are considered as restructured in case that the Bank grants relief to clients because it is likely that the Bank would incur losses if acting otherwise. Roll-over of a short-term loan is not considered to be restructuring of the loan in the case where the client has fulfilled all requirements of loan agreements. As at 31 December 2004 the Bank led syndicate loans of CZK 167 million (31 December 2003: CZK 167 million). (a) Quality of loan portfolio Loans are categorised in accordance with the definitions issued by the CNB in five categories (standard, watch, substandard, doubtful, loss). Impaired loans include substandard, doubtful and loss loans and represent total outstanding principal and accrued interest receivable with service payments overdue more than 90 days or other defaults in contractual terms or financial performance. Watch loans are usually overdue between 30 – 90 days or other risks characteristic are presented. Administration of impaired receivables, including their recovery, is performed by a separate department in the Bank.The Bank does not apply a portfolio approach to the categorisation of receivables. Each receivable is considered individually, as is also the case for the creation of provisions. 26
31 December 2004 CZK m 31 December 2003 CZK m Standard 20 713 21 675 Watch 3 961 1 093 Substandard 16 132 Doubtful 186 86 Loss 265 232 25 141 23 218 The Bank accepts collaterals for loans, but they are not taken into account for categorisation of the loans. Book value of pledges accepted to secure client's loans: 31 December 2004 CZK m 31 December 2003 CZK m Accepted undertakings 4 326 5 025 Cash 425 272 Securities 462 1 342 Land and buildings 12 709 9 092 Other assets 8 540 8 372 26 462 24 103 (b) Loans to related parties and major shareholders Standard loans to companies and individuals include the following loans to related parties: 31 December 2004 CZK m 31 December 2003 CZK m Companies in the group (UCI) 156 167* Board of Directors of the Bank 11 0 Supervisory Board of the Bank 2 2 Other members of management 23 21 Total loans to related parties 192 190 *The item includes the amount of CZK 2 million, which represents dues from funds under control of the company ŽB – Trust, investiční společnost, a.s All loans to related parties were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, as those prevailing at the same time 27
Page 1 and 2: Annual Report of Živnostenská ban
Page 3 and 4: Composition of the Supervisory Boar
Page 5 and 6: Introduction by the Chairman of the
Page 7 and 8: Directors’ Report Dear Clients an
Page 9 and 10: During 2004, the Bank opened 14 new
Page 11: provided support to a number of pro
Page 14 and 15: Liabilities: Note 31 December 2004
Page 16 and 17: Income Statement for the Year Ended
Page 18 and 19: Schedule to the Financial Statement
Page 20 and 21: • on sale or transfer of any secu
Page 22 and 23: (o) Receivables Receivables are sta
Page 24 and 25: The Bank creates social fund. The s
Page 28 and 29: for comparable transactions with ot
Page 30 and 31: Securities available-for-sale at 31
Page 32 and 33: (c) Movements in investments in sub
Page 34 and 35: Tangible fixed assets 31 December 2
Page 36 and 37: 10 ALLOWANCES, PROVISIONS AND WRITE
Page 38 and 39: 11 DUE TO BANKS 31 December 2004 CZ
Page 40 and 41: 13 LIABILITIES FROM DEBT SECURITIES
Page 42 and 43: If the balance of the statutory res
Page 44 and 45: 31 December 2004 31.December 2003 C
Page 46 and 47: 20 COMMISSION AND FEE INCOME AND EX
Page 48 and 49: 23 ADMINISTRATIVE EXPENSES 31 Decem
Page 50 and 51: 24 TAXATION 31 December 2004 CZK m
Page 52 and 53: 26 FINANCIAL RISKS (a) Strategy in
Page 54 and 55: on a daily basis (so-called “back
Page 56 and 57: As at 31 December 2004 Assets CZK E
Page 58 and 59: The VaR amount for interest rate ri
Page 60 and 61: (g) Liquidity risk The Bank is expo
Page 62 and 63: At 31 December 2003 Assets Within 3
Page 65 and 66: Consolidated Financial Statement au
Page 67 and 68: Consolidated Income Statements of C
Page 69 and 70: Schedule to the Consolidated Financ
Page 71 and 72: (c) Foreign currencies The consolid
Page 73 and 74: (h) Sale and repurchase agreements
Page 75 and 76: Property, plant and equipment and i
Page 77 and 78:
3 NET FEE AND COMMISSION INCOME 31
Page 79 and 80:
7 OPERATING EXPENSES Operating expe
Page 81 and 82:
The tax on the operating profit dif
Page 83 and 84:
13 STATE TREASURY AND OTHER BILLS E
Page 85 and 86:
31 December 2004 31 December 2003 N
Page 87 and 88:
18 SECURITIES AVAILABLE-FOR-SALE 31
Page 89 and 90:
Property, plant and equipment Dispo
Page 91 and 92:
y 29 December 2014, with no repayme
Page 93 and 94:
The following table indicates the c
Page 95 and 96:
(b) Capital adequacy To monitor the
Page 97 and 98:
Geographical concentrations of asse
Page 99 and 100:
market movements. The Board of Dire
Page 101 and 102:
CZK USD GBP EUR Other Total As at 3
Page 103 and 104:
As at 31 December 2004 Up to 1-3 3-
Page 105 and 106:
The table below summarises the effe
Page 107 and 108:
Maturities of assets and liabilitie
Page 109 and 110:
to be completely matched since busi
Page 111 and 112:
34 RELATED PARTY TRANSACTIONS Parti
Page 113 and 114:
Non-Audited Supplemental Informatio
Page 115 and 116:
NON-AUDITED RECONCILIATION OF THE I
Page 117 and 118:
Report on Relations between the Con
Page 119 and 120:
1.4. In addition to the above menti
Page 121 and 122:
Supplementary Data in Conformity wi
Page 123 and 124:
1.3. The Board of Directors as at 3
Page 125 and 126:
- supplementary investment services
Page 127 and 128:
was launched aimed to introduce the
Page 129 and 130:
Other Top Managers of Živnostensk
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Annual report 2004 (PDF, 4141 kB) - Unicredit Bank

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