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The table below contains a summary of capital components, capital charges and the capital<br />
adequacy ratio.<br />
In thousands of EUR<br />
* Treasury shares received in pledge are evaluated according to the last available transaction price.<br />
The Bank’s capital adequacy exceeds the obligatory level (8%) as well as the Slovenian average<br />
(11%), which indicates a secure and sound capital bank. In the future the Bank will continue with the<br />
policy of emphasizing security and sound capital standing.<br />
In the calculation of capital, the Bank only considers those other reserves which are anticipated to<br />
remain capital elements and will not be distributed. At the end of 2011, of EUR 170,372 thousand<br />
(2010: EUR 170,372 thousand) other reserves the Bank only included in its capital EUR 115,075<br />
thousand (2010: EUR 80,075 thousand) other reserves. If the Bank considered all other reserves,<br />
capital deduction items and capital requirements for large risk exposure based on trading would<br />
be lower. Capital would be higher by EUR 55,297 thousand (2010: EUR 99,327 thousand) and would<br />
as of 31 December 2011 stand at EUR 297,518 thousand (2010: EUR 324,699 thousand). Capital<br />
requirements would not be lower in 2011 (but in 2010: EUR 980 thousand) and would as of 31<br />
December 2011 stand at EUR 127,989 thousand (2010: EUR 128,920 thousand). As of 31 December<br />
2011, capital adequacy ratio would equal 18.60% (2010: 20.15%).<br />
98<br />
<strong>Gorenjska</strong> <strong>banka</strong>, d. d., Kranj<br />
<strong>Annual</strong> <strong>Report</strong> 2011<br />
Financial <strong>Report</strong><br />
2011 2010<br />
Original own funds (Tier 1)<br />
Paid up capital 13,830 13,830<br />
(-) Treasury shares and treasury shares received in pledge * (26,314) (26,314)<br />
Share premium 9,381 9,381<br />
Reserves and retained earnings 287,875 252,631<br />
(-) Intangible assets (3,242) (2,902)<br />
(-) Revaluation reserves – Prudential filters (6,434) (3,084)<br />
Total core capital (Tier 1) 275,096 243,542<br />
Additional own funds (Tier 2)<br />
Revaluation reserve from equity investments AFS 445 364<br />
Total additional own funds (Tier 2) 445 364<br />
Deductible items<br />
(-) Holdings in other credit and financial institutions amounting to more than 10%<br />
of their capital (29,184) -<br />
(-) Participations hold in insurance undertakings<br />
(-) Excess on limit for investment in other credit and financial institutions in<br />
(4,136) (3,807)<br />
which holdings are up to 10% of their capital - (14,727)<br />
Total deductible items from original own funds (32,875) (18,170)<br />
Total deductible items from additional own funds (445) (364)<br />
Total Tier 1 capital (for capital adequacy ratio) 242,222 225,372<br />
Total capital (for capital adequacy ratio) 242,222 225,372<br />
Capital requirements<br />
Capital requirement for credit risk and counterparty credit risk 113,212 114,099<br />
Capital requirement for market risk 4,109 5,654<br />
Capital requirement for operational risk 10,493 10,146<br />
Total capital requirement 127,989 129,900<br />
Capital adequacy ratio 15.14% 13.88%
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