Annual Report - VÃB banka

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17. Current income tax assets 2007 2006 Current income tax assets - 597 18. Other assets 2007 2006 Prepayments and accrued income 110 113 Operating receivables and advances 465 266 VAT receivable and other taxes receivable 51 30 Inventories 56 75 682 484 Impairment losses (note 11) (139) (27) 543 457 19. Deposits from central and other banks 2007 2006 Deposits from central banks Current accounts 1,626 2,847 Loans received 5 9 1,631 2,856 43 Deposits from other banks Current accounts 2,951 3,051 Term deposits 11,390 4,858 Loans received 5,193 2,215 Promissory notes 498 - 20,032 10,124 21,663 12,980 20. Deposits from customers 2007 2006 Current accounts 67,256 56,774 Term deposits 81,914 74,686 Savings accounts 9,436 9,820 Government and municipal deposits 40,921 33,372 Loans received 685 555 Promissory notes 4,645 2,719 Other deposits 421 930 205,278 178,856 VUB, a bank of Intesa Sanpaolo group
21. Debt securities in issue 2007 2006 Bonds 3,308 2,001 Mortgage bonds 24,725 20,277 28,033 22,278 In 2007, the Group issued mortgage bonds denominated in Sk in the nominal amount of Sk 3,150 million and mortgage bonds denominated in CZK in the nominal amount of CZK 1,800 million (Sk 2,273 million). Mortgage bonds in the total nominal amount of Sk 1,000 million matured and were fully repaid during 2007. In 2006, the Group issued mortgage bonds denominated in Sk in nominal amount of Sk 3,100 million and mortgage bonds denominated in EUR in nominal amount of EUR 150 million (Sk 5,186 million). Mortgage bonds in the total nominal amount of Sk 750 million matured and were fully repaid during 2006. The repayment of mortgage bonds is funded by the mortgage loans provided to customers of the VUB Group (see also note 10). 22. Current and deferred income tax liabilities 44 2007 2006 Current income tax liabilities 739 - Deferred income tax liabilities 458 310 1,197 310 Deferred income taxes are calculated on all temporary differences using the tax rate of 19% (2005: 19%) as follows: 2007 2006 Loans and securities (194) (192) Intangible assets (132) (161) Property and equipment (131) (71) Other liabilities and provisions 58 92 Tax losses carried forward 6 16 Acquisition of subsidiaries (note 2) (72) - Other 7 6 (458) (310) 23. Provisions Litigations (note 32) 2007 2006 973 990 The movement in provisions was as follows: Litigations (note 32) 1 Jan Reversal Acquired 31 Dec 2007 company 2007 990 (22) 5 973 <strong>Annual</strong> <strong>Report</strong> 2007
Page 2 and 3: Contents Address by the Chairman of
Page 4 and 5: a socially useful construction, fur
Page 6 and 7: y 16%, assets under management of o
Page 8 and 9: Development of the External Environ
Page 10 and 11: VUB’s 2007 Commercial Performance
Page 12 and 13: Basic Indicators Basic Indicators i
Page 14 and 15: Consolidated balance sheet at 31 De
Page 16 and 17: Consolidated statement of changes i
Page 18 and 19: Notes to the consolidated financial
Page 20 and 21: The assets and liabilities arising
Page 22 and 23: the fair value of the assets given,
Page 24 and 25: The fair value of securities held f
Page 26 and 27: Embedded derivatives The VUB Group
Page 28 and 29: 3.16 Intangible assets Intangible a
Page 30 and 31: 3.22 Legal reserve fund In accordan
Page 32 and 33: 3.30 Future changes in accounting p
Page 34 and 35: 7. Financial assets held for tradin
Page 36 and 37: 10. Loans and advances to customers
Page 38 and 39: Maturities of gross fi nance lease
Page 40 and 41: 13. Investments in associates and j
Page 42 and 43: The goodwill is reviewed for impair
Page 46 and 47: 24. Other liabilities 2007 2006 Var
Page 48 and 49: (a) Issued guarantees Commitments f
Page 50 and 51: 31. Salaries and employee benefits
Page 52 and 53: 35. Profit before changes in operat
Page 54 and 55: 37. Financial risk management Intro
Page 56 and 57: The following table describes the G
Page 58 and 59: (b) Market risk Market risk is the
Page 60 and 61: The re-pricing structure of assets
Page 62 and 63: (c) Liquidity risk Liquidity risk i
Page 64 and 65: The Intesa Sanpaolo Group’s inter
Page 66 and 67: 39. Related parties Related parties
Page 68 and 69: Balance sheet at 31 December 2007 (
Page 70 and 71: Statement of changes in equity for
Page 72 and 73: Notes to the separate financial sta
Page 74 and 75: 2.5 Foreign operations The fi nanci
Page 76 and 77: 2.10 Repurchase and reverse repurch
Page 78 and 79: 2.12 Offsetting financial instrumen
Page 80 and 81: 2.18 Leasing The determination of w
Page 82 and 83: 2.28 Significant accounting judgeme
Page 84 and 85: 3. Cash and cash equivalents For th
Page 86 and 87: 2007 2006 2007 2006 Assets Assets L
Page 88 and 89: During 2007, the Bank wrote off loa
Page 90 and 91: 12. Subsidiaries, associates and jo
Page 92 and 93: 15. Current income tax assets 2007
Page 94 and 95:
22. Other liabilities 2007 2006 Var
Page 96 and 97:
(a) Issued guarantees Commitments f
Page 98 and 99:
30. Other operating expenses 2007 2
Page 100 and 101:
34. Estimated fair value of certain
Page 102 and 103:
35. Financial risk management Intro
Page 104 and 105:
The following table describes the B
Page 106 and 107:
(b) Market risk Market risk is the
Page 108 and 109:
The re-pricing structure of assets
Page 110 and 111:
(c) Liquidity risk Liquidity risk i
Page 112 and 113:
The Intesa Sanpaolo Bank’s intern
Page 114 and 115:
37. Related parties Related parties
Page 116 and 117:
Review of the Economic and Financia
Page 118 and 119:
List of VUB Branches Retail Busines
Page 120 and 121:
Postal Code Address Tel. No. Fax Re
Page 122 and 123:
Postal Code Address Tel. No. Fax Re
Page 124 and 125:
Corporate Branches Firemné obchodn
Page 126 and 127:
Structure of VUB Shareholders as at
Page 128 and 129:
VUB, a bank of Intesa Sanpaolo grou
Page 130 and 131:
Vladimíra Josefiová - Member of M
Page 132 and 133:
ticipate in all meetings of the Man
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