Annual Report - Raiffeisen Bank Kosovo JSC
Annual Report - Raiffeisen Bank Kosovo JSC
Annual Report - Raiffeisen Bank Kosovo JSC
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Financial Statements<br />
Balance Sheets as at 31 December 2006 and 2005<br />
(in thousands of Euro unless otherwise stated)<br />
Assets<br />
31 December 31 December<br />
Note 2006 2005<br />
Cash and cash equivalents and mandatory reserve 5 46,761 30,953<br />
Due from other banks 6 102,444 64,582<br />
Loans and advances to customers 7 222,043 164,509<br />
Other assets 8 683 284<br />
Leasehold improvements, equipment and intangible assets 9 4,154 3,422<br />
Deferred tax asset 19 268 191<br />
Total assets 376,353 263,941<br />
Liabilities<br />
Customer accounts 10 310,014 231,256<br />
Borrowings 11 17,678 5,695<br />
Other liabilities 12 3,246 2,822<br />
Corporate profit tax payable 1,180 728<br />
Total liabilities 332,118 240,501<br />
Shareholders’ equity<br />
Share capital 13 33,000 17,750<br />
Accumulated earnings 11,235 5,690<br />
Total shareholders’ equity 44,235 23,440<br />
Total liabilities and shareholders’ equity 376,353 263,941<br />
Approved for issue on behalf of the Management of <strong>Raiffeisen</strong> <strong>Bank</strong> <strong>Kosovo</strong> J.S.C. and signed on<br />
its behalf on 4 April 2007. The accompanying notes from 1 to 23 form and integral part of these<br />
financial statements.<br />
Gary Moinette<br />
Head of Customer Business<br />
Management Board Member<br />
Oliver Whittle<br />
Chief Executive Officer<br />
Management Board Member<br />
38<br />
www.raiffeisen-kosovo.com Supervisory Board Management Board Organisational Structure Vision and Mission RZB and RI .