Annual Report: - Gorenjska banka

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116 Gorenjska banka, d. d., Kranj Annual Report 2011 Financial Report In thousands of EUR 2011 2010 The deferred tax charge in the income statement comprises the following temporary differences (Note 16): Employee benefit provisions (7) (6) Other provisions (options) 1,986 (1,524) Other liabilities - 15 Impairment of securities (Note 39) (8,877) (2,285) (6,898) (3,800) 36. Other liabilities Employment taxes payable and salaries 1,354 883 Amount awaiting transfer to deposit accounts 1,121 1,035 Amount owed to employees 53 516 Prepaid deferred income 1,910 1,336 Due to suppliers 1,590 1,235 Other liabilities 1,347 1,902 7,375 6,907 All liabilities included in other liabilities are financial liabilities measured at amortised cost. 37. Ordinary shares, share premium and treasury shares All shares are of the same class (ordinary shares) and,except for treasury shares are not restricted in managing. The share od voting rights of Shareholders with a holding in excess of 5% of the issued share capital are as follows: Sava, d. d., Kranj 49.8% Merkur, Trgovina in storitve, d. d., Naklo 9.5% At 31 December 2011, 331,416 non-par shares have been authorised (2010: 331,416 shares). In the normal course of its equity trading and market activities, the Bank buys and sells its own shares. This is in accordance with the Bank's constitution and is compliant with Slovenian law. These shares are treated as a deduction from shareholders' equity. Gains and losses on sales of treasury shares are charged to the share premium account. At 31 December 2011 the Bank had 25,715 treasury shares (2010: 25,715 treasury shares). Acquisition of treasury shares is consistent with Article 247 of the Companies Act (Official Gazette of Republic of Slovenia, No. 65/09 – official consolidated text). The total number of treasury shares held by the Bank shell not exceeds 10% of share capital. Movement of the treasury shares is as follows: On 12 February 2010 the Bank disposed 34 treasury shares. Disposal arise from the realisation of contractual obligations (option rights). In 2011 the number of treasury shares was not changed. Number Nominal Share of Average Monetary of shares amount of ordinary transaction value of shares shares price consideration (in EUR) equals At 1 January 2010 25,749 1,074 7.77 Disposal of shares (34) (1) 0.01 1,043 35 At 31 December 2010 25,715 1,073 7.76 At 31 December 2011 25,715 1,073 7.76
In 2011 the number of treasury shares pledged as collateral was not changed. Movement of the treasury shares pledged as collateral is as follows: In thousands of EUR 117 Number Nominal amount Share of ordinary of shares of shares shares At 1 January 2010 6,756 282 2.04 Shares pledged as collateral 117 5 0.03 At 31 December 2010 6,873 287 2.07 At 31 December 2011 6,873 287 2.07 Share options The Bank offers share options to the members of the Management Board. The exercise price of the granted options is equal to the transaction price of the shares or to the book value per share in case of unknown transaction price. The option plan is terminated with the cessation of an employment contract. The options are exercisable starting a half year from the grant date only if the Bank achieves targets of profitability; the options have a contractual option term of five years. The Bank has no legal or constructive obligation to repurchase or settle the options in cash. Share options at exercise date (year): 2011 2011 2010 2010 Number of shares Purchase price in EUR Number of shares Purchase price in EUR 2011 - - 100 1,115 2012 200 1,350 200 1,350 2013 720 1,141 720 1,141 2014 900 1,221 900 1,221 2016 1,100 1,200 - - Share options at exercise date (year) 2011 had not been exhausted. 38. Dividends per share At the end of 2011, the Bank disclosed EUR 115.0 million other reserves under capital components, for which it anticipates not to be distributed (in 2010, EUR 80.0 million). The amount of distributable reserves and retained earnings at 31 December 2011 is EUR 56.8 million (2010: EUR 111.7 million). For 2010 a dividenf of EUR 29.00 per share was paid as interim dividend. A dividend of EUR 41.00 per share was declared at the Annual General Meeting in May 2011. EUR 21,399 thousand dividends were thus paid using the 2010 distributable profit. There were no income tax consequences of dividends to shareholders that were proposed before the financial statements were authorised for issue. Gorenjska banka, d. d., Kranj Annual Report 2011 Financial Report
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Annual Report: All that counts.
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Financial Report 51 Statement of ma
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6 Gorenjska banka, d. d., Kranj Ann
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Financial highlights International
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Statement of the President of the M
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Report of the Supervisory Board of
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Information regarding the adoption
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Management and Organizational Chart
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Business Network Gorenjska banka, d
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Knowledge. A veritable wealth of kn
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In 2011, the financial crisis again
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About the Gorenjska banka group Com
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About the associated company Skupna
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The Bank’s business policies by k
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Activities in the area of human res
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Securities portfolio management The
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Total comprehensive income, i.e. ne
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The Bank’s equity investment in t
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The figure below shows the structur
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Comprehensive savings products offe
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Social responsibility Sponsorships
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Data and explanations pursuant to A
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Other explanations Shareholders in
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50 Gorenjska banka, d. d., Kranj An
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Statement of management’s respons
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Statement of financial position The
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Cash flow statement The notes on pa
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2.1.1. Existing standards and inter
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Under this method, The Bank’s sha
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2.4.1.4. Available for sale financi
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2.9. Fee and commission income Fees
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Page 78 and 79: c) Loans and receivables past due a
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Page 82 and 83: 4.1.6. Debt securities The table be
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Page 86 and 87: (in thousand of EUR) Up to 1-3 3-12
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Page 96 and 97: In order to measure the fair value
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Annual Report: - Gorenjska banka

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