Annual Report of Euram Bank 2019

eurambank

With reference to section 237 of the Business Code (UGB), the breakdown of other operating income

and other operating expenditure in accordance with section 64 (1) (12) of the Banking Act (BWG) is

as follows:

– Apart from costs charged on in the amount of EUR 43 thousand (EUR 16 thousand as at

31/12/2018), other operating income essentially includes a VAT credit of EUR 104 thousand

(EUR 109 thousand as at 31/12/2018) and income from the release of provisions in the amount of

EUR 2 thousand (EUR 4 thousand as at 31/12/2018).

– The other operating expenses reported in the fiscal year 2019, in the amount of

EUR 45.5 thousand (EUR 1,456.1 thousand as at 31/12/2018) essentially relate to expenses

for external consultants in the amount of EUR 45.5 thousand (31/12/2018: essentially expenses

for absorption interest in the amount of EUR 1,325.0 thousand).

In the fiscal year 2019, value adjustments of receivables were effected in the amount of

EUR 2,926.5 thousand (EUR 998.3 thousand as at 31/12/2018). A specific provision regarding the

insolvency of Maple Bank GmbH, Germany, was formed in the amount of EUR 1,216.5 thousand

(previous year: EUR 0.0 thousand). Moreover, a general impairment provision in the amount of

EUR 1,710.0 thousand was formed (EUR 930.0 thousand as at 31/12/2018).

Value adjustments of securities as well as of participating interests and shares in affiliated

companies amount to EUR 25.8 thousand (EUR 50.2 thousand as at 31/12/2018), relating to the

value adjustment of the Europportunity Bond fund held in fixed assets, in the amount of

EUR 25.8 thousand (EUR 50.2 thousand as at 31/12/2018).

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