Annual Report of Euram Bank 2019

eurambank

A N N U A L R E P O R T 2 0 1 9

The expenditure for auditors attributable to the fiscal year are disclosed in the group accounts of

Euram Holding AG.

The taxes on income and earnings reported in the income statement, taking account of tax

sharing and deferred taxes, in the amount of EUR -1,050.4 thousand (EUR -867.3 thousand as at

31/12/2018) are made up of the income from deferred taxes in the amount of EUR 657.1 thousand

(EUR 242.2 thousand as at 31/12/2018) and the expenditure from tax allocations (tax sharing) in

the amount of EUR 1,707.5 thousand (EUR 1,109.5 thousand as at 31/12/2018) and influence the

result of ordinary activities at a rate of -21.7% (-27.1% as at 31/12/2018).

Euram Bank allocated an amount of EUR 3,780.0 thousand to the revenue reserve in the fiscal year

2019 (EUR 2,325.0 thousand as at 31/12/2018).

Euram Bank did not effect any allocation to the liability reserve in the fiscal year 2019 (none as at

31/12/2018).

4. Other notes

1.) In the fiscal year 2019, an average of 38 employees (37 as at 31/12/2018) were employed with

the company.

2.) For senior executives, the severance pay provision in the fiscal year 2019 amounts to

EUR 169.8 thousand (EUR 199.1 thousand as at 31/12/2018) and for other employees

EUR 192.9 thousand (EUR 166.2 thousand as at 31/12/2018). Moreover, contributions in the

amount of EUR 167.1 thousand (EUR 161.3 thousand as at 31/12/2018) were paid to the employee

pension fund. The changes to the staff cost provisions were included in personnel costs.

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