Annual Report: - Gorenjska banka

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Investments in securities and equity fell by EUR 34,847 thousand in 2011 or by 5.4%. The Bank allocated EUR 167,860 thousand to purchase of securities. It received EUR 165,379 thousand assets for sold and mature securities. Sale of securities resulted in EUR 32,764 thousand gains for the Bank (of which EUR 31,659 thousand from disposal of held-to-maturity financial assets). The portfolio mostly comprises bonds of the Republic of Slovenia, bonds and shares of domestic banks and foreign securities. At the end of 2011, the share of investments in securities and equity in assets equalled 31.5%. Of the aforementioned securities, 90.7% were available for sale, 8.5% were held for trading and 0.8% were investments in subsidiaries and affiliates. in millions of EUR 700 600 500 400 300 200 100 0 The figure below shows the structure of securities in the 2009 – 2011 periods. 71 At the end of 2011 the Bank held equity investments in two subsidiaries, one affiliate and thirteen independent companies. Equity investments: 31 December 2009 Held for trading 590 26 63 Available for sale Held to maturity 36 554 31 December 2009 28 Gorenjska banka, d. d., Kranj Annual Report 2011 Management Report 53 557 31 December 2011 Company 31 Dec. 2011, in % Investment in subsidiaries: Imobilia-GBK, d. o. o., Kranj 100 Gorenjski Glas, d. o. o., Kranj Investment in associates: 82.0542 Skupna pokojninska družba, d. d., Ljubljana Equity investments: 26.0269 Iskratel, d. o. o., Kranj 25 Abanka Vipa, d. d., Ljubljana 14.7392 Peko, d. d., Tržič 11.1675 Istrabenz, d. d., Koper 7.3031 Pivovarna Laško, d. d., Laško 6.2991 Bankart, d. o. o., Ljubljana 5.5569 Thermana, d. d., Laško 5.0839 Kreditni biro SISBON, d. o. o., Ljubljana 4.4800 Petrol, d. d., Ljubljana 4.0406 NFD Holding, d. d., Ljubljana 3.3059 Zavarovalnica Triglav, d. d., Ljubljana 0.0260 Banka Celje, d. d., Celje 0.0051 Probanka, d. d., Maribor 0.0002
The Bank’s equity investment in the interbank financial telecommunications company SWIFT Belgium is minimal, but mandatory as a membership fee. Liabilities to banks, which include deposits and loans by commercial banks as well as liabilities to the central bank, fell by EUR 44,750 thousand or 11.9% in 2011. The share of liabilities to the banking sector accounted for 17.0 percent of liabilities as at the end of December 2011. The Bank can utilise central banking liquidity operations, through which it obtains short-term assets required for daily management of inflows and outflows based on pledged securities with the status of suitable financial property. At the end of 2011, the balance of liabilities to the central bank totalled EUR 75,068 thousand, up 7.1% on 2010. The Bank decreased its current liabilities to commercial banks in 2011 by EUR 5,029 thousand, and its long-term liabilities by EUR 44,726 thousand. At the end of 2011, current liabilities to commercial banks included loans raised amounting to EUR 30,001 thousand, whilst long-term liabilities included loans raised amounting to EUR 224,868 thousand. in millions of EUR 800 700 600 500 400 300 200 100 0 The figure below shows the structure of due to customers in the 2009 – 2011 periods. 367 702 443 31 December 2009 30 Deposits and borrowings from corporates and other customers 458 Deposits from individuals Liabilities to non-banks recorded a 4.1% growth in 2011, increasing by EUR 48,200 thousand. They accounted for 63.5% of liabilities in the statement of financial position at the end of 2011. Deposits held by non-banks mostly comprise retail deposits, which rose by 3.1% (or EUR 22,408 thousand). These deposits account for 38.7% of liabilities; their maturity changed in the favour of long-term deposits, which increased by 36.5%. Deposits and loans of non-banking legal entities accounted for 24.8% of sources of funding at the end of December 2011 and were by 5.6% (or EUR 25,793 thousand) higher as compared to the year before. Funds obtained are of a predominantly short-term nature. Total equity fell by EUR 29,820 thousand or 8.1% in 2011. The figure includes the decrease arising from payment of dividends for 2010 (EUR 21,399 thousand), decrease arising from negative surplus from financial assets revaluation (EUR 10,101 thousand), and increase from profit for 2011 (EUR 1,680 thousand). The book value of one share, calculated based on total equity, amounted to EUR 1,102.47 at the end of 2011 (as at 31 December 2010: EUR 1,200.02). 37 730 377 31 December 2010 30 Debt securities in issue Gorenjska banka, d. d., Kranj Annual Report 2011 Management Report 484 753 332 31 December 2011 30 Deposits and borrowings from banks
Page 1 and 2: Annual Report: All that counts.
Page 3: Financial Report 51 Statement of ma
Page 6 and 7: 6 Gorenjska banka, d. d., Kranj Ann
Page 8 and 9: Financial highlights International
Page 10 and 11: Statement of the President of the M
Page 12 and 13: Report of the Supervisory Board of
Page 14 and 15: Information regarding the adoption
Page 16 and 17: Management and Organizational Chart
Page 18 and 19: Business Network Gorenjska banka, d
Page 21 and 22: Knowledge. A veritable wealth of kn
Page 23 and 24: In 2011, the financial crisis again
Page 25 and 26: About the Gorenjska banka group Com
Page 27 and 28: About the associated company Skupna
Page 29 and 30: The Bank’s business policies by k
Page 31 and 32: Activities in the area of human res
Page 33 and 34: Securities portfolio management The
Page 35: Total comprehensive income, i.e. ne
Page 39 and 40: The figure below shows the structur
Page 41 and 42: Comprehensive savings products offe
Page 43 and 44: Social responsibility Sponsorships
Page 45 and 46: Data and explanations pursuant to A
Page 47: Other explanations Shareholders in
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Page 52 and 53: Statement of management’s respons
Page 54 and 55: Statement of financial position The
Page 56 and 57: Cash flow statement The notes on pa
Page 58 and 59: 2.1.1. Existing standards and inter
Page 60 and 61: Under this method, The Bank’s sha
Page 62 and 63: 2.4.1.4. Available for sale financi
Page 64 and 65: 2.9. Fee and commission income Fees
Page 66 and 67: 2.13. Accounting for leases 2.13.1.
Page 68 and 69: 2.19. Financial guarantee contracts
Page 70 and 71: In 2011, the Bank applied a model f
Page 72 and 73: Back office and risk management sec
Page 74 and 75: 4.1.2. Maximum exposure to credit r
Page 76 and 77: The total impairment provision for
Page 78 and 79: c) Loans and receivables past due a
Page 80 and 81: Loans to individuals are impaired a
Page 82 and 83: 4.1.6. Debt securities The table be
Page 84 and 85: The Bank has a defined absolute lim
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(in thousand of EUR) Up to 1-3 3-12
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To control liquidity risk, accounti
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4.3.2. Derivative financial liabili
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4.4. Estimated fair value of financ
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4.4.3.1. Assets and liabilities mea
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In order to measure the fair value
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The table below contains a summary
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100 Gorenjska banka, d. d., Kranj A
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According to Slovenian legislation
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40. - 48. Other notes 40. Off-balan
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Gorenjska banka, d. d., Kranj Bleiw
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Annual Report: - Gorenjska banka

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