Annual Report 2012 - Raiffeisen Bank Kosovo JSC

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64 The total outstanding contractual amount of commitments to extend credit and guarantees does not necessarily represent future cash requirements, as these financial instruments may expire or terminate without being funded. Interest Rate SWAPs. The main purpose of these instruments is to mitigate the interest rate risk associated to the fixed rate lending. As of December 31, 2012, the Bank has 45 interest rate SWAP contracts with a notional amount of € 42,000 thousand (December 31, 2011: € 32,700 thousand). The Bank pays fixed and receives variable interest rates. The net valuation result of these contracts for the year ended 31 December 2012 € 518 thousand (2011: € 1,163 thousand). 25. Related party transactions For the purposes of these financial statements, parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial or operational decisions as directed to the substance of the relationship, not merely the legal form. Banking transactions are entered into in the normal course of business with significant shareholders, directors, companies with which the Bank has significant shareholders in common and other related parties. These transactions include settlements, placements, deposit taking and foreign currency transactions. These transactions are priced at market rates. The outstanding balances at the year end and related income and expense items during the year with related parties are as follows: 2012 2011 Other Other Parent related Parent related party party Statement of financial position Cash and cash equivalents and mandatory reserve 5,272 - 6,434 - Due from other banks - - - - Loans and advances to customers - 11,708 - 9,029 Other Loans 20,873 - 30,920 - Investment securities - - - 117 Other assets 53 10 53 14 Liabilities Customer accounts - 2 - 1 Borrowings 220 100 - 1,206 Other liabilities 3,580 61 2,839 167 Statement of comprehensive income Interest income 587 344 507 236 Interest expense (808) (4) (597) - Net fees and commission (162) (38) (118) (18) Net valuation result financial instruments carried at fair value (518) (1,163) - Net valuation of equity investments - - - 84 Other operating expenses (1,188) (37) (733) (1) Purchase of intangible assets 244 - 116 - Off Balance Sheet Guarantees - - - - Letter of credit - - - 120 26. Subsequent events There are no significant events after the reporting date that may require adjustment or disclosure in the separate financial statements.
65 Addresses Glossary Financial Statements Segment Reports Overview Macroeconomic Environment RBI Vision and Mission Management Board Introduction
Page 1 and 2:
Annual Report 2012
Page 3 and 4:
Content Report of the Supervisory B
Page 5 and 6:
Report of the Management Board 2012
Page 7 and 8:
Raiffeisen Bank Kosovo Organisation
Page 9 and 10:
Raiffeisen Bank International at a
Page 11 and 12:
Output The yearly aggregated growth
Page 13 and 14: Similar to the decline in the growt
Page 15 and 16: The banking sector in Kosovo contin
Page 17 and 18: Treasury Kosovo money market and th
Page 19 and 20: Given the focus on delivering value
Page 21 and 22: During 2012, the Bank was focused o
Page 23 and 24: Trade Finance Raiffeisen Bank Kosov
Page 25 and 26: E-Learning proved popular during 20
Page 27 and 28: Statement of Management’s Respons
Page 29 and 30: Independent Auditors’ Report To t
Page 31 and 32: Separate statement of comprehensive
Page 33 and 34: Separate statement of cash flow (am
Page 35 and 36: A parent need not present consolida
Page 37 and 38: 3.3.5. Investments at fair value th
Page 39 and 40: characteristics (i.e., on the basis
Page 41 and 42: can be subject to provisioning. For
Page 43 and 44: a) Impairment charge for credit los
Page 45 and 46: Loans with renegotiated terms Loans
Page 47 and 48: 4.3 Liquidity risk Liquidity risk i
Page 49 and 50: Geographical risk The geographical
Page 51 and 52: In management’s opinion, the sens
Page 53 and 54: 4.5 Operational risk The primary re
Page 55 and 56: 6. Cash and cash equivalents and ma
Page 57 and 58: 9. Other loans 2012 2011 Other loan
Page 59 and 60: 15. Deposits and borowings from ban
Page 61 and 62: 20. Other income 61 2012 2011 Incom
Page 63: 24. Contigencies and commitments Le
Page 67 and 68: RBI Group in Europe 67 Addresses Gl
Page 69 and 70: Gjakova Branch Nena Tereza No. 328
Page 71 and 72: Bosnia and Herzegovina Raiffeisen L
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Annual Report 2012 - Raiffeisen Bank Kosovo JSC

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