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 />
16. Other Income<br />
Recoveries of bad debts acquired<br />
Year ended<br />
Year ended<br />
31 December 2006 31 December 2005<br />
as part of the purchased loan portfolio 144 209<br />
Other 3 2<br />
Total other income 147 211<br />
In 2003 the <strong>Bank</strong> purchased a portfolio of 36 loans from a <strong>Kosovo</strong>-based credit institution, Interim<br />
Credit Unit of <strong>Kosovo</strong> (ICU) for a total consideration of EUR 905 thousand. Difference between fair<br />
value at the time of transfer and purchase consideration of EUR 310 thousand was amortised over the<br />
average maturity period of purchased portfolio. In addition, any amount recovered from the portfolio<br />
is accounted for under other income reporting line.<br />
17. Staff Costs<br />
Year ended<br />
Year ended<br />
31 December 2006 31 December 2005<br />
Salaries and wages 4,007 3,417<br />
Bonuses 424 371<br />
Overtime 39 39<br />
Mandatory staff pension contributions 203 161<br />
Other staff costs 245 67<br />
Total staff cost 4,918 4,055<br />
Glossary Macroeconomic Environment Overview Segment <strong>Report</strong>s Financial Statements Addresses<br />
www.raiffeisen-kosovo.com<br />
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