Účtovná uzávierka 2004

Notes as at 31 December 2004
j) Other assets and liabilities
As at 31 December 2004, the Company recorded other assets in an amount of TSKK 167, representing estimated receivables
(of those the most significant part, TSKK 159, is estimated premium).
As at 31 December 2004, the Company recorded other liabilities in an amount of TSKK17,149, representing estimated payables
(the most significant part represent upaid commission and unpaid annual bonuses).
k) Profit distribution proposal
Distribution proposal for profit generated in 2004 totalling TSKK 11,392 is outlined in the table below:
2004
Profit for the accounting period/year 11,392
Legal funds contributions 1,139
Social funds contributions
Royalties
Dividends
Other (development of investment needs)
Profit carried forward 10,253
Amortization of losses from previous periods
Loss reported in 2003 was settled with profit/loss from previous years.
111
l) Interest income and interest expenses
As at 31 December 2004, the Company recorded interest income in the amount of TSKK 84,261, out of which TSKK 81,222
represent interest income from life insurance investments and TSKK 115 represent interest income from non-life insurance investments
and other represent own funds.
m) General operating expenses
As at 31 December 2004, personnel expenses represent TSKK 38,743, out of which TSKK 31,754 represents salaries, TSKK
6,989 represents social security and health insurance, TSKK 1,000 represents bonuses to the members of the statutory bodies.
Expenses related to audit, legal and tax advisory represent TSKK 3,055 as at 31 December 2004.
The average number of employees for the year ended 31 December 2004 was 70. There were four members of the statutory
bodies, six members of the supervisory bodies and seven executive employees.
n) Loans and advances provided to the administration, managing and supervisory board members
The Company did not provide any loans or advances to the administration, managing or supervisory board members.