Information  X 
Enter a valid email address

Komercni Banka (KMCA)

  Print      Mail a friend

Monday 28 February, 2005

Komercni Banka

Preliminary Results

Komercni Banka
04 March 2005

Komercni banka, a.s. http://www.kb.cz/en
Prague 1, Na Prikope 33, building identification number 969, Post Code 114 07
Identification No.: 45 31 70 54
incorporated in the Commercial Register maintained with the Municipal Court in
Prague,
section B, insert 1360



Pursuant to Act No. 256/2004 Coll. subsection 120(4), Listing Rules FSA 23.59
and Rules of Prague Stock Exchange part III subsection (8)(8)(a) please be
informed about preliminary unaudited financial statements as at 31 December
2004.


KOMERCNI BANKA BALANCE SHEET IN ACCORDANCE WITH CAS

ASSETS

(in CZKm)
Item                                                                                31 December           31 December
                                                                                       2004                  2003
no.                                                                         Gross   Adjustment     Net        Net
     Cash in hand, balances with central banks                               9,817             0   9,817        11,750
     State zero-coupon bonds and other securities eligible for refinancing   6,010             0   6,010        32,701
     with the CNB
     Issued by state institutions                                            6,010             0   6,010        32,701
     Other                                                                       0             0       0             0
     Amounts due from banks and savings associations                       231,360             0 231,360       201,768
a)   Repayable on demand                                                     5,848             0   5,848         2,293
b)   Other receivables                                                     225,512             0 225,512       199,475
4.   Amounts due from customers and members of savings associations        162,129         5,365 156,764       160,149
a)   Repayable on demand                                                     2,648             0   2,648         2,248
b)   Other receivables                                                     159,481         5,365 154,116       157,901
5.   Debt securities                                                        16,916             0  16,916        15,510
a)   Issued by state institutions                                            6,076             0   6,076         2,266
b)   Issued by other entities                                               10,840             0  10,840        13,244
6.   Shares, participation certificates and other holdings                     112             0     112           233
7.   Equity holdings in associates                                             220             0     220           220
     of which: in banks                                                        220             0     220           220
8.   Equity holdings in subsidiaries                                         2,781         1,155   1,626         1,204
     of which: in banks                                                        466             0     466           433
9.   Intangible fixed assets                                                 4,801         2,741   2,060         1,967
     of which: incorporation costs                                               0             0       0             0
     goodwill                                                                    0             0       0             0
10.  Tangible fixed assets                                                  19,979        10,660   9,319         9,692
     of which: land and buildings for operating activities                  11,741         4,578   7,163         7,486
11.  Other assets                                                           13,503           266  13,237        15,304
12.  Receivables from shareholders and partners                                  0             0       0             0
13.  Prepayments and accrued income                                            768             0     768           899
14.  Total assets                                                          468,396        20,187 448,209       451,397




LIABILITES

(in CZKm)
Item                                                                       31 December 2004        31 December 2003
no.
1.   Amounts owed to banks and savings associations                                      15,939                  18,652
a)   Repayable on demand                                                                  8,625                   8,344
b)   Other payables                                                                       7,314                  10,308
2.   Amounts owed to customers - members of savings associations                        323,281                 315,808
a)   Repayable on demand                                                                213,931                 203,894
b)   Other payables                                                                     109,350                 111,914
3.   Payables from debt securities                                                       50,634                  55,406
a)   Issued debt securities                                                              47,972                  55,046
b)   Other payables from debt securities                                                  2,662                     360
4.   Other liabilities                                                                    9,965                   7,060
5.   Deferred income and accrued expenses                                                    21                   5,884
6.   Reserves                                                                             4,611                   8,168
a)   For pensions and similar liabilities                                                     0                       0
b)   For taxes                                                                              366                   1,452
c)   Other                                                                                4,245                   6,716
7.   Subordinated liabilities                                                                 0                       0
8.   Share capital                                                                       19,002                  18,952
     of which: share capital paid-up                                                     19,005                  19,005
     treasury shares                                                                        (3)                    (53)
9.   Share premium                                                                          139                     117
10.  Reserve funds and other funds from profit                                            2,114                   1,652
a)   Mandatory reserve funds and funds for risk                                           1,616                   1,151
b)   Other reserve funds                                                                    388                     387
c)   Other funds from profit                                                                110                     114
11.  Revaluation reserve                                                                      0                       0
12.  Capital funds                                                                            0                       0
13.  Gains or losses from revaluation                                                     2,803                   1,294
a)   Of assets and liabilities                                                                0                       0
b)   Hedging derivatives                                                                  2,803                   1,328
c)   Re-translation of equity holdings                                                        0                    (34)
14.  Retained earnings and accumulated losses brought forward                            10,265                   9,094
15.  Profit or loss for the period                                                        9,435                   9,310
16.  Total liabilities                                                                  448,209                 451,397



Off-Balance Sheet

(in CZKm)
Item                                                                        31 December 2004       31 December 2003
no.
 1.  Issued commitments and guarantees                                                  110,710                 90,623
 2.  Provided collateral                                                                      1                      0
 3.  Amounts due from spot transactions                                                   2,401                  5,394
 4.  Amounts due from term transactions                                                 569,205                390,233
 5.  Amounts due from option transactions                                                13,233                  8,531
 6.  Receivables written off                                                              9,174                  9,580
 7.  Assets provided into custody, administration and safe-keeping                           31                     61
 8.  Assets provided for management                                                           0                      0
 9.  Accepted commitments and guarantees                                                 40,379                 79,164
10.  Received collateral                                                                314,735                311,547
11.  Amounts owed from spot transactions                                                  2,402                  5,393
12.  Amounts owed from term transactions                                                567,279                387,750
13.  Amounts owed from option transactions                                               13,233                  8,531
14.  Assets received into custody, administration and safe-keeping                       78,105                 36,478
15.  Assets received for management                                                       3,032                  2,884





KOMERCNI BANKA PROFIT AND LOSS STATEMENT IN ACCORDANCE WITH CAS

(in CZKm )
Item                                                                                                 31         31
                                                                                                  December   December
                                                                                                    2004       2003
no.
1.   Interest income and similar income                                                              20,053     20,085
     of which: interest income from debt securities                                                   1,435      1,732
2.   Interest expense and similar expense                                                           (7,277)    (8,123)
     of which: interest expense from debt securities                                                (1,363)    (1,735)
3.   Income from shares and equity investments                                                          426        288
a)   Income from equity investments in associates                                                        85        212
b)   Income from equity investments from subsidiaries                                                   272         41
c)   Income from other shares and equity investments                                                     69         35
4.   Commissions and fee income                                                                       7,782      7,349
5.   Commissions and fee expense                                                                      (657)    (1,569)
6.   Profit or loss on financial operations                                                           2,303      2,612
7.   Other operating income                                                                           1,423      3,346
8.   Other operating expenses                                                                       (1,171)      (918)
9.   Administrative expenses                                                                        (9,408)    (9,202)
a)   Staff costs                                                                                    (4,745)    (4,784)
aa)  Wages and salaries                                                                             (3,339)    (3,470)
ab)  Social security and health insurance                                                           (1,190)    (1,220)
ac)  Other staff costs                                                                                (216)       (94)
b)   Other administrative costs                                                                     (4,663)    (4,418)
10.  Release of reserves and provisions for tangible and intangible fixed assets                         75        294
11.  Depreciation/amortisation, charge and use of reserves and provisions for tangible and          (1,585)    (1,614)
     intangible fixed assets
12.  Release of provisions and reserves for receivables and guarantees, recoveries of                 5,651      6,229
     receivables previously written off
13.  Write-offs, charge and use of provisions and reserves for receivables and guarantees           (4,176)    (5,640)
14.  Release of provisions for equity investments and subsidiaries and associates                       172         24
15.  Losses related to transfers of equity investments in subsidiaries and associates, charge          (87)       (92)
     and use of provisions for equity investments in subsidiaries and associates
16.  Release of other reserves                                                                          132      1,150
17.  Charge and use of other reserves                                                                 (333)      (903)
18.  Share of profits/(losses) of subsidiaries and associates                                             0          0
19.  Profit/loss for the period from ordinary activities before taxes                                13,323     13,316
20.  Extraordinary income                                                                                 0         10
21.  Extraordinary expenses                                                                            (12)          0
22.  Profit/loss for the period from extraordinary activities before taxes                             (12)         10
23.  Income tax                                                                                     (3,876)    (4,016)
24.  Net profit/loss for the period                                                                   9,435      9,310



International Financial Reporting Standards

(in CZK mil.)
                                                                                      31 December       31 December
                                                                                         2004              2003
                                                                                      (Unaudited)       (Unaudited)
Assets
Cash and current balances with banks                                                          10,139            12,340
Amounts due from banks                                                                       231,247           201,638
Trading securities                                                                             9,642            25,674
Positive fair value of financial derivative transactions                                      11,333             9,015
Due from Eeska konsolidaeni agentura                                                           2,945            24,303
Loans to customers, net                                                                      153,818           131,042
Securities available for sale                                                                 12,411            22,673
Investments held to maturity                                                                     985                97
Prepayments, accrued income and other assets                                                   2,070             7,095
Deferred tax asset                                                                               392               496
Investments in subsidiaries and associates                                                     1,846             1,424
Tangible and intangible fixed assets, net                                                     11,470            11,768
Total assets                                                                                 448,298           447,565
Liabilities
Amounts owed to banks                                                                         18,548            18,959
Amounts owed to customers                                                                    361,998           349,505
Negative fair value of financial derivative transactions                                       4,699             3,458
Certificated debt                                                                              9,255            21,348
Accruals, provisions and other liabilities                                                     8,697            11,796
Income taxes payable                                                                             366             1,449
Deferred tax liability                                                                         1,028               651
Total liabilities                                                                            404,591           407,166
Shareholders' equity
Share capital                                                                                 19,005            19,005
Share premium and reserves                                                                    24,702            21,394
Total shareholders' equity                                                                    43,707            40,399
Total liabilities and shareholders' equity                                                   448,298           447,565


                                                                                          31 December     31 December
                                                                                             2004            2003
                                                                                          (Unaudited)     (Unaudited)
Profit and Loss Account
Interest income                                                                                  20,053          20,085
Interest expense                                                                                (7,290)         (8,148)
Net interest income                                                                              12,763          11,937
Net fees and commissions                                                                          8,886           8,711
Net profit / (loss) on financial operations                                                         605             800
Other income                                                                                        463             396
Net banking income                                                                               22,717          21,844
Personnel expenses                                                                              (4,799)         (5,418)
General administrative expenses                                                                 (5,284)         (4,807)
Depreciation, impairment and disposal of fixed assets                                           (1,709)         (1,525)
Total operating costs                                                                          (11,792)        (11,750)
Profit before provisions for loan and investment losses and income taxes                         10,925          10,094
Provision for loan losses                                                                         1,557           2,582
Provision for impairment of securities                                                             (85)            (74)
Provision for other risk expenses                                                                 (131)            (35)
Cost of risk                                                                                      1,341           2,473
Profit or (loss) on subsidiaries and associates                                                     889             716
Profit / (loss) before income taxes                                                              13,155          13,283
Income taxes                                                                                    (3,853)         (4,021)
Net profit / (loss)                                                                               9,302           9,262



Announcement of receivables according their classification

Status as at: 31.12.2004

Overdue receivables

(CNB methodology)

(in CZK mil.)
       Classification        To    From 1 day to 1  From 1 month to 3 From 3 months to 6 From 6 months to  Over 1 year
     according the time   maturity month including  months including   months including  1 year including   (more than
      frame of overdue               (1-30 days)      (31-90 days)      (91-180 days)     (181-360 days)    360 days)
        receivables
1  Total receivables from  217,018              109               117                108               267        2,805
   customers and other
   banks
2  Receivables from        158,723              109               117                108               267        2,805
   customers
3  Standard and other      136,078               29                 0                  0                 0            0
   loans from customers
4  Watch loans and other    17,053               20                11                  0                 0            0
   receivables from
   customers
5  Sub-standard loans and    3,949               17                25                 22         X              X
   other receivables from
   customers
6  Doubtful loans and        1,001               20                31                 28                65      X
   other receivables from
   customers
7  Loss loans and other        642               23                50                 58               202        2,805
   receivables from
   customers
8  Receivables from other   58,295                0                 0                  0                 0            0
   banks
9  Standard and other       57,930                0                 0                  0                 0            0
   loans from banks
10 Watch loans and other       365                0                 0                  0                 0            0
   receivables from banks
11 Sub-standard loans and        0                0                 0                  0         X              X
   other receivables from
   banks
12 Doubtful loans and            0                0                 0                  0                 0      X
   other receivables from
   banks
13 Loss loans and other          0                0                 0                  0                 0            0
   receivables from banks




                      This information is provided by RNS
            The company news service from the London Stock Exchange