Annual Report Euram Bank AG 2014 / 2015

eurambank

K. Additional disclosures

1.) Total of assets and liabilities in foreign

currency:


million

Assets in foreign

currency EUR 89.6

Liabilities in foreign

currency EUR 93.7

The foreign currency assets and liabilities

essentially concern USD.

2.) In the financial year 2014/2015, Euram

Bank had a restraint on disposal for an asset

amounting to EUR 3.0 million (EUR 2.5

million as at 30.6.2015).

3.) Receivables from affiliated undertakings

amount to EUR 1.7 million (EUR 1.2

million as at 30.6.2014).

4.) Liabilities to affiliated undertakings

amount to EUR 1.6 million (EUR 4.3 million

as at 30.6.2014).

5.) In the financial year 2014/2015, Euram

Bank had no material transactions

with other “related parties” (30.6.2014: no

material transactions with other “related

parties”). All transactions have been concluded

on arm's length terms.

6.) Other provisions amounting to EUR 1.1

million (EUR 1.8 million as at 30.6.2014)

include:


thousand

Legal, auditing and

consultancy fees EUR 310.9

Outstanding

vacation

entitlements EUR 221.2

Bonuses EUR 553.9

Other expenses EUR 0.0

7.) From a present-day perspective, the liabilities

arising from the use of fixed assets

not reported in the balance sheet amount

to EUR 411.5 thousand (EUR 409.3 thousand

as at 30.6.2014) for the coming year

and EUR 2 million for the subsequent five

years, and relate exclusively to rental payments

for the use of office space.

8.) The three forward exchange transactions

(30.06.2014: one) concluded by the

company serve to secure foreign currency

positions. As at 30 June 2015, the total volume

of derivative instruments was:

Nominal Market

volume value

EUR thousand

Exchange rate contracts

– forward

exchange transaction 5,462 44

Underlying transaction 5,462 44

Hedging transaction 5,462 44

The term of the foreign exchange transactions

is less than one year.

48

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