consolidated annual report - Gruppo Banca Sella

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9.2 Caption 60 “Accruals and deferred income”. Composing items 252 - GRUPPO BANCA SELLA SECTION 9 OTHER LIABILITIES 9.1 Caption 50 “Other liabilities”. Composing items 2004 2003 Amounts available to third parties 75.489 71.432 Premiums collected on options not yet exercised 4.089 1.200 Due to suppliers and fees to be paid to third parties 51.255 47.233 Due to tax authorities on account of third parties 12.551 11.154 VAT to be payed 513 449 Provisions for staff expenses (including payments to be made to tax authorites and social security institutions) 30.980 31.493 Remuneration paid to directors and to statutory auditors 820 1.342 Contributions due to other bodies 848 822 Payments as hedging of recalled bills 117 102 Evaluation of forward transactions and derivative contracts 34.352 36.501 Premiums on derivative contracts to be settled at maturity 7.750 2.756 Amounts of third parties as caution deposits 8.717 22.022 Adjustments deriving from consolidation - - Due to special purpose vehicle companies for securitization operations - 3.412 Write-downs for illiquid balances of the portfolio 54.808 83.932 Transfers to be performed 42.367 82.220 Other items 17.060 19.261 Total 341.716 415.331 2004 2003 Accrued expenses on: Interest on amounts due to banks 1.413 1.636 Interest on amounts due to customers 1.890 1.546 Interest on securities issued 7.224 7.624 Interest on subordinated liabilities 1.316 1.181 Differentials on derivative contracts 3.958 4.800 Fees and commissions 91 278 Leases indexation 30 16 Other 1.293 1.053 17.215 18.134 Deferred income on: Advanced interest on due from customers 2.539 1.577 Discounted notes 794 1.124 Fees and commissions 3.643 3.825 Other income 480 524 Interest on financial leases 15.086 14.460 Other 74 103 22.616 21.613 Total 39.831 39.747
SECTION 10 GUARANTEES AND COMMITMENTS 10.1 Caption 10 “Guarantees given”. Composing items Residents Non residents Total a) Commercial guarantees: - Acceptances 1.875 569 2.444 - Endorsements and sureties 236.339 583 236.922 - Documentary credits 7.504 477 7.981 245.718 1.629 247.347 b) Financial guarantees: - Acceptances 103 - 103 - Endorsements and sureties 41.815 6.955 48.770 41.918 6.955 48.873 c) Assets given in guarantee: - Caution deposits for third parties 35.922 - 35.922 Total 323.558 8.584 332.142 10.2 Caption 20 “Commitments”. Composing items Residents Non residents Total a) Commitments to grant finance (certain to be called on): - purchase of securites not yet settled 186.060 39.566 225.626 - loans to be granted to customers 3.713 - 3.713 - deposits to be made with banks 1.234 13.878 15.112 - granted mortgage loans to be disbursed 38.121 180 38.301 229.128 53.624 282.752 b) Commitments to grant finance (not certain to be called on): - engagement to the Deposit Guarantee Scheme 11.387 - 11.387 - available margins on granted irrevocable credit lines 22.095 - 22.095 - other commitments and risks 60.315 3.097 63.412 93.797 3.097 96.894 Total 322.925 56.721 379.646 10.3 Assets lodged to guarantee the Group’s liabilities 2004 2003 Securities lodged with Banca d’Italia to guarantee advances 59.816 17.093 Securities lodged to guarantee bankers’ drafts 13.372 14.419 Securities lodged to guarantee repurchase agreements 532.854 503.340 Securities lodged to guarantee other transactions 54.079 33.394 10.4 Unused lines of credit 2004 2003 a) Central banks 218.898 414.861 b) Other banks - - Consolidated annual report 2004 - 253
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GRUPPO BANCA SELLA CONSOLIDATED ANN
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Section 4 - Tangible and intangible
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BOARD OF DIRECTORS’ CONSOLIDATED
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FINANCIAL RATIOS PROFITABILITY RATI
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- accomplishment of the project for
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R.O.E. (1) 2004 2003 2002 Banca Sel
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F I N A N C I A L R E S U LT S NET
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Loan losses (excluding write-ups to
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SECURITIES PORTFOLIO Consolidated s
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COMMERCIAL AND DISTRIBUTION POLICIE
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BRANCHES OF THE BANKS OF THE GROUP
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An analysis of Group staff highligh
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arise. It puts forward proposals an
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AUDITING CONTROL SURVEYS 2004 2003
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LOANS AS AT 31/12/2004 AND AS AT 31
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ASSETS UNDER MANAGEMENT AND THIRD P
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to € 17,3 million (including divi
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item was given by commissions on th
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Net collected assets showed a posit
Page 41 and 42: International Capital Holding S.A.
Page 43 and 44: one person and the rise in wages ac
Page 45 and 46: 2005 OUTLOOK ECONOMIC BACKGROUND Th
Page 47 and 48: REMARKABLE FACTS AFTER CLOSING OF T
Page 49 and 50: BOARD OF STATUTORY AUDITORS’ CONS
Page 51 and 52: CONSOLIDATED FINANCIAL STATEMENTS O
Page 53 and 54: LIABILITIES (figures in euro thousa
Page 55: EXPLANATORY NOTES TO THE CONSOLIDAT
Page 58 and 59: The consolidated financial statemen
Page 60 and 61: ties hedged and the characteristics
Page 62 and 63: Sella Holding N.V. Participation ho
Page 64 and 65: any interest on arrears accrued and
Page 66 and 67: Dividends Dividends in favour of th
Page 68 and 69: SECTION 1 LOANS 1.1 Caption 30 “D
Page 70 and 71: 1.9 Movements in write-downs during
Page 72 and 73: 2.1 Investment securities 232 - GRU
Page 74 and 75: 3.1 Significant investments Head Ty
Page 76 and 77: Here below are stated the operation
Page 78 and 79: Name of company Activity Ownership
Page 80 and 81: 4.1 Changes during the year in tang
Page 82 and 83: SECTION 6 PAYABLES 6.1 Caption 10
Page 84 and 85: 7.1 Caption 90 “Reserves for poss
Page 86 and 87: Changes in caption 70 “Staff seve
Page 88 and 89: Caption 150 “Subscribed capital
Page 90 and 91: The floating rate bond loan issued
Page 94 and 95: 10.5 Forward transactions Transacti
Page 96 and 97: 11.5 Geographical distribution of a
Page 98 and 99: 12.1 Securities dealing 258 - GRUPP
Page 100 and 101: The situation since the beginning o
Page 103 and 104: PART C - INFORMATION ABOUT CONSOLID
Page 105 and 106: SECTION 2 COMMISSIONS 2.1 Caption 4
Page 107 and 108: SECTION 3 DEALING PROFITS/LOSSES 3.
Page 109 and 110: SECTION 5 WRITE-DOWNS, WRITE-UPS AN
Page 111 and 112: SECTION 6 OTHER INCOME STATEMENT CA
Page 113 and 114: PART D - OTHER INFORMATION (all fig
Page 115 and 116: ANNEXES (all figures are shown in e
Page 117: STATEMENT OF CASH FLOW Funds genera
Page 120 and 121: 280 - GRUPPO BANCA SELLA
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consolidated annual report - Gruppo Banca Sella

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