Annual Report of Euram Bank 2019

G. Deferred tax assets
At the balance sheet date, deferred tax assets acc. to section 198 (10) UGB amount to EUR 878.0
thousand (previous year: EUR 220.9 thousand).
H. Securitized liabilities
No securitized liabilities were held in the 2019 fiscal year (previous year: none).
I. Other liabilities
Other liabilities include invoices already received, but not yet paid, regarding the 2019 fiscal year,
in the amount of EUR 0.3 million (EUR 0.3 million as at 31/12/2018), liabilities from distribution of
the tax burden towards one affiliated company in the amount of EUR 1,027.6 thousand (EUR 85.9
thousand as at 31/12/2018), liabilities to the tax office in the amount of EUR 497.3 thousand (EUR
417.1 thousand as at 31/12/2018), as well as liabilities towards the investors of the tier 2 capital bond
for interest expenses in the amount of EUR 120.0 thousand (EUR 120.0 thousand as at 31/12/2018).
The material expenses included in the item “Other liabilities” in the fiscal year 2019 that become
payable only after the reporting date amount to EUR 0.3 million (EUR 0.2 million as at 31/12/2018).
J. Deferrals
This position does not include any commissions already earned, but attributable to the 2019 fiscal
year (EUR 0.0 as at 31/12/2018).
K. Tier 2 capital
On 1 June 2016, Euram Bank AG issued a fixed-interest unlisted subordinate bond for EUR 3 million
with a term of seven years, of which EUR 3 million were subscribed at the balance sheet date
(31/12/2019). The conditions of the bond are in line with the CRR – EU Regulation no. 575/2013 Part
2 Chapter 4 (Articles 62-71) on tier 2 capital. Expenses in the amount of EUR 120.0 thousand were
recognized for interest in the fiscal year 2019.
L. Equity
1.) The share capital amounting to EUR 10,045.7 thousand is divided into 270,000 no-par shares,
each with an equal portion of the share capital.
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