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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 .

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