Financial Statements

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Raiffeisenbank a.d. Beograd
Financial Statements
For the year ended 31 December 2004
Prepared under
International Financial Reporting Standards
KPMG d.o.o. Beograd
Belgrade, 28 January 2005
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Financial Statements
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2004
PREPARED UNDER
INTERNATIONAL FINANCIAL REPORTING STANDARDS
88
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Financial Statements
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Financial Statements
Income Statement
for the Year Ended 31 December 2004
In thousands of CSD
Note
2004
2003
Interest and similar income
2(d), 3
2,730,903
1,026,862
Interest and similar expenses
2(d), 3
(880,831)
(293,453)
1,850,072
733,409
Net interest income
Fees and commission income
2(e), 4
727,070
549,795
Fees and commission expenses
2(e), 4
(217,559)
(178,679)
509,511
371,116
1,260,455
688,945
-
773
10,792
5,669
1,271,247
695,387
6
(1,699,088)
(1,130,500)
2(h), 7
(779,878)
(308,213)
8
(21,257)
(21,533)
Net fee and commission income
Foreign exchange rate gains, net
2(f), 5
Result on financial assets available for sale
Other operating income
8
Operating income
General and administrative expenses
Impairment losses
Other operating expenses
Operating expenses
(2,500,223)
(1,460,246)
Result from operating activities before tax
1,130,607
339,666
Result for the year before tax
1,130,607
339,666
-
-
1,130,607
339,666
Income tax
Result for the year
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2(k)
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Financial Statements
Balance Sheet as at 31 December 2004
In thousands of CSD
Note
2004
2003
9
16,983,969
9,991,778
Loans and advances to banks
2(g), 10
4,798,633
1,711,620
Loans and advances to customers
2(g), 11
41,570,269
16,096,047
2(i)
273,860
557,591
Financial assets available-for-sale
2(i), 12
2,364,564
825,066
Financial assets held-to-maturity
2(i), 13
1,737,991
1,484,765
2(i)
31,331
31,331
2(j), 14
1,051,981
769,021
Other assets
201,691
111,841
Total assets
69,014,289
31,579,060
Assets
Cash and balances with Central Bank
Financial assets held for trading
Equity investments
Tangible and intangible assets
Liabilities
Deposits and loans from banks
15
18,580,000
2,879,570
Deposits from customers
16
45,318,043
25,958,095
55,272
31,855
589,602
197,441
998,751
689,485
65,541,668
29,756,446
2,018,538
1,499,138
Provisions for liabilities and charges
Other liabilities
Subordinated liabilities
17
Total liabilities
Shareholders’ equity
Share capital
18
Retained earnings
18
Total sharehoders’ equity
Total liabilities and shareholders’ equity
1,454,083
323,476
3,472,621
1,822,614
69,014,289
31,579,060
Belgrade, 28 January 2005
For and on behalf of the management
Budimir KostiÊ
General Manager
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