Unaudited Zagrebacka banka financial statements for the
period from 01 January 2011 to 31 December 2011
Content:
1. Management report for the period from 01 January 2011 to 31 December 2011
2. Statement of the persons responsible for the preparation of annual financial
statements
3. Preliminary unaudited financial statements (GFI-KI statements)
3.1. Balance sheet as at 31 December 2011
3.2. Income statement for the period from 01 January 2011 to 31 December 2011
3.3. Cash flow statement for the period from 01 January 2011 to 31 December 2011
3.4. Statement of changes in equity for the period from 31 December 2010 to 31
December 2011
3.5. Notes to financial statements
Management report for the period from 01 January 2011 to 31 December 2011
According to the unaudited financial statements, in the year ended 31 December 2011 Zagrebačka banka made
profit after taxation of HRK 1,316 million, which is 2.7% more than the year before. Operating income reached HRK
4,238 million which is HRK 134 million, or 3.3% more than in 2010.
The Bank’s solid financial performance is a result of increased income from lending to corporate and public sectors,
improved C/I ratio and enhanced processes, while at the same time provisions for loans to both corporate and individual
customers were increased, whereas fee and commission income were reduced, thus causing the Bank profit to remain
stagnant.
Zagrebacka banka dd operating income totals HRK 4,238 million (+3.3%)
Impairment and other provisions amount to HRK 820 million (+9.5%)
Profit after taxation amounts to HRK 1,316 million (+2.7%)
Net loans to customers amount to HRK 69,857 million and they increased by HRK 5,119 million
(up 7.9%)
Despite complex macroeconomic environment and growing costs of funding, the Bank was able to preserve its
competitive capacity and to increase net loans to customers in amount of HRK 5,119 million (+7,9%) from which
HRK 5,088 million (+14.5%) is due to growth in the corporate and public sector. However, the loan demand in the
retail segment is still weak due to reduced disposable income and higher unemployment which has resulted in a
slight 0.1% increase in loans compared to the end of the previous year.
The Bank is pursuing its strategy with the aim to intensify its lending activities, improve business efficiency and
implement innovative solutions in the provision of customer service. By expanding its regional presence and by
offering integral solutions and advice to its customers, the Bank is increasing its capacity of generating long-term
sustainable income.
The Bank’s business performance goes to confirm its position as a solid financial institution with a dominant
market share in terms of commercial dealings with customers, total assets, income and profit. The Bank is highly
capitalized, with sound management of all risk types.
Bank operating income amounts to HRK 4,238 million which is HRK 134 million more compared with the
previous year.
Net interest income amounts to HRK 2,960 million, which is HRK 208 million more than in the previous
year. Such increase in net interest income is a result of increased lending to customers, (+7.9%).
Net fee and commission income amounts to HRK 859 million, which is HRK 72 million less than in the
previous year as a result of lower payment transaction fees, brokerage and consultancy fees
Net trading profit and other income stand at HRK 419 million, which is HRK 2 million less than in
previous year. The increase in other income is a sum of higher income from the revaluation of
replacement bonds (up HRK 32 million) and lower other operating income (down HRK 54 million)
Total operating expenses amount to HRK 1,790 million, showing a slight decrease of 0.4% compared to the
previous year, resulting with improvement of C/I ratio: it stands at 42.2%, down from 43.8% measured in previous
year. Such developments show that in 2011 productivity increased, while costs of banking mediation were
reduced.
Profit before impairment and other provisions amounts to HRK 2,448 million which is HRK 141 million more
compared with the previous year.
Impairment and other provisions total HRK 820 million, which is HRK 71 million or 9.5% more than in previous
year. They are still under the impact of recessionary environment, higher unemployment and reduced liquidity
levels in the real sector.
Profit after taxation in 2011 was HRK 1,316 million, which is HRK 35 million more than in the previous year.
Such increase is a result of larger lending volumes (7.9% increase), and a significantly higher dividend income
and income from the revaluation of replacement bonds.
Assets of the Bank amount to HRK 104,005 million which represents an increase of 8.2%, compared to the end
of the previous year.
Net loans to customers amount to HRK 69,857 million and they increased by HRK 5,119 million (or
7.9%), compared to the end of previous year. Such increase is primarily a result of increased lending in
the corporate and public sectors.
Deposits from banks and borrowings total HRK 29,033 million which is HRK 6,684 million more than in
the previous year due to increased lending volumes, regulatory reserve requirements and reduced
(stagnant) volumes of deposits from customers.
Deposits from customers stand at HRK 56,583 million, which is HRK 459 million less than at the end of
the previous year, with deposits from individuals having increased by HRK 105 million, while deposits
from Corporate and Government decreased by HRK 564 million. Despite decreased volumes, the Bank
has been able to maintain its leading market share of 24.3% in deposits from customers.
Financial results for the period from 01 January to 31 December 2011
Zagrebacka banka
Income Statement
(HRK mln)
Interest income
Δ 2011 vs. A 2010
31.12.2010
31.12.2011
%
HRK mln
1
2
3 (2/1)
4 (2-1)
Interest expenses
Net interest income
5,141
(2,389)
2,752
5,427
(2,467)
2,960
5.6%
3.3%
7.6%
286
(78)
208
Fee and commission income
Fee and commission expenses
Net fee and commission income
Net trading and other income
Operating income
Operating expenses
Profit before impairment and other provisions
1,085
(154)
931
421
4,104
(1,797)
2,307
1,008
(149)
859
419
4,238
(1,790)
2,448
-7.1%
-3.4%
-7.7%
-0.5%
3.3%
-0.4%
6.1%
(77)
5
(72)
(2)
134
7
141
Impairment and other provisions
(749)
(820)
9.5%
(71)
Profit before tax
1,558
1,628
4.5%
70
Income tax expense
(277)
(312)
12.6%
(35)
Profit for the period
1,281
1,316
2.7%
35
Zagrebacka banka
Balance Sheet (HRK mln)
Δ 2011 vs. A 2010
31.12.2010
31.12.2011
%
HRK mln
1
2
3 (2/1)
4 (2-1)
Cash and deposits with CNB
10,960
13,996
27.7%
3.036
Deposits with financial institutions
Loans to financial institutions
Securities
Net loans to customers
Replacement bonds
Tangible and intangible assets
Other assets
Total assets
6,686
958
7,583
64,738
1,511
1,276
2,444
96,156
8,225
963
6,494
69,857
1,392
3,078
104,005
23.0%
0.5%
-14.4%
7.9%
-100.0%
9.1%
25.9%
8.2%
1.539
5
(1.089)
5.119
(1.511)
116
634
7.849
Deposits from customers
57,042
56,583
-0.8%
(459)
Deposits from banks
22,349
29,033
29.9%
6.684
2,521
2,881
14.3%
360
14,244
96,156
15,508
104,005
8.9%
8.2%
1.264
7.849
Other liabilities
Shareholders' equity
Total liabilities and equity
03.2010
31.12.2011
Ratings
Standard & Poor’s
Counterparty Credit Rating
BBB- / Negative / --
Fitch Ratings Ltd.
Long Term Issuer Default Rating
Short Term Rating
Individual
Support
BBB+
F2
C/D
2
Outlook
Negative
Zagreb, 14 February 2012
Chairman of the Management Board
Franjo Luković
Statement of the persons responsible for the preparation of annual financial statements
Pursuant to the provisions of the Capital Market Act, to the best of our knowledge:
1)
the set of summary financial statements of Zagrebacka banka dd prepared in accordance with the applicable
standards for financial reporting by banks in Croatia gives a true and complete picture of the assets and
liabilities, profit and loss, the financial position and business operations of Zagrebacka banka dd
2)
the Management Report gives a true picture of business developments, operating results and position of
Zagrebacka banka dd
Head of Accounting and
Regulatory Reporting
Member of the Management Board
Marijana Brcko
Miljenko Živaljić
Additional info:
Public Relations
Tel: 00385(1) 6104153
e-mail: [email protected]
www.zaba.hr
Appendix 3.
Reporting period:
1.1.2011
to
31.12.2011
Preliminary unaudited Annual financial report for credit institutions-GFI-KI
Identification number (MB):
03234495
Subjects identification number (MBS):
080000014
Personal identification number (OIB):
92963223473
Issuer company: Zagrebačka banka d.d.
Post office number and city:
10000
Zagreb
Street and number: Paromlinska 2
E-mail address: [email protected]
Internet address: www.zaba.hr
Code and name of municipality/city:
133
Zagreb
Code and name of county:
21
GRAD ZAGREB
Consolidated report:
NO
Companies included in consolidation (according to IFRS):
Number of employees:
(as at the quarter-end)
Code in NKD:
Headquarters:
4.534
6419
MB:
Accounting:
Contact person: Milas Nikolina
(only name and surname of contact person is included)
Phone: 01/4801 -702
Fax: 01/4810-383
E-mail address: [email protected]
Surname and name: Franjo Luković
(person representing the company)
Documentation to be published:
1. Preliminary unaudited Annual financial reports
2. Statement of person responsible for preparation of financial reports
3. Management Report on the condition of the company
M.P.
(signature of the President of the Management Board)
BALANCE SHEET
balance as at
31.12.2011
Position name
AOP
code
1
2
ASSETS
1. Cash and Deposits with the CNB (002+003)
1.1.Cash
1.2.Deposits with the CNB
Amounts in HRK
Previous
Current period
period
3
4
001
002
003
10.959.566.950
1.520.611.713
9.438.955.237
13.995.562.686
1.630.443.517
12.365.119.169
2. Deposits with banking institutions
004
6.686.386.978
8.225.283.577
3. Treasury bills and CNB bills
4. Securities and other financial instruments held for trading
005
2.069.487.598
2.786.531.233
006
470.483.946
518.357.846
5. Securities and other financial instruments available for sale
007
008
4.365.784.822
584.829.557
2.518.561.861
589.260.030
009
91.926.530
81.762.062
8. Derivative financial assets
010
71.125.790
528.440.333
9. Loans to financial institutions
6. Securities and other financial instruments held to maturity
7. Securities and other financial instruments w hich are not actively traded, but are
designated to fair value in income statement
011
958.234.929
962.755.629
10. Loans to other clients
012
66.248.247.107
69.857.354.117
11. Investments in subsidiaries, associates and joint ventures
013
917.889.505
917.889.505
12. Foreclosed assets
014
31.477.695
32.395.758
13. Tangible assets (minus amortisation)
015
016
017
1.277.342.017
1.423.196.374
96.155.979.798
1.391.952.554
1.598.949.761
104.005.056.952
018
019
020
021
022
023
024
025
026
027
8.722.749.425
1.368.489.144
7.354.260.281
70.668.282.261
10.090.924.827
6.572.867.271
54.004.490.163
0
0
0
10.235.426.415
919.533.319
9.315.893.096
75.381.212.816
10.371.258.642
6.383.809.766
58.626.144.408
0
4. Liabilities arising from derivatives and other liabilities held for trading
028
182.348.374
425.491.017
5. Debt securities issued (030+031)
5.1. Short-term debt securities issued
5.2. Long-term debt securities issued
6. Subordinate instruments issued
7. Hybrid instruments issued
8. Interest, fees and other liabilities
B) TOTAL LIABILITIES (018+021+025+028+029+032+033+034)
EQUITY
1. Share capital
2. Current year profit or (loss)
3. Retained earnings/(loss)
4. Legal reserves
5. Statutory and other capital reserves
6. Unrealised gain/loss on value adjustment of assets available for sale
029
030
031
032
033
034
035
0
0
0
0
0
2.338.351.027
81.911.731.087
0
0
0
0
0
2.455.253.096
88.497.383.344
036
037
038
039
040
1.280.967.820
1.281.376.832
7.527.658.381
64.048.522
4.091.743.822
6.404.839.100
1.315.794.747
3.685.163.933
64.048.522
4.065.447.667
041
-1.546.666
-27.620.361
7. Hedge accounting reserves
042
0
C) TOTAL EQUITY (036 to 042)
043
14.244.248.711
D) TOTAL LIABILITIES AND EQUITY (035+043)
044
96.155.979.798
BALANCE SHEET SUPPLEMENT (to be inputed by issuer preparing consolidated financial reports)
1. TOTAL EQUITY
045
2. Attributable to equity holders of the Bank
046
3. Attributable to minority interests (045-046)
047
0
0
15.507.673.608
104.005.056.952
14. Interest, fees and other assets
A) TOTAL ASSETS (001+004 do 016)
LIABILITIES
1. Borrowings from financial institutions (019+020)
1.1. Short-term borrowings
1.2. Long-term borrowings
2. Deposits (AOP 022 to 024)
2.1. Giro and current accounts
2.2. Savings deposits
2.3. Term deposits
3. Other borrowings (026+027)
3.1. Short-term borrowings
3.2. Long-term borrowings
0
INCOME STATEMENT
for the period
01.01.2011
Position name
to
31.12.2011
AOP
code
1
1. Interest income
2. Interest expense
3. Net interest income (048-049)
4. Income from commissions and fees
5. Expenses on commissions and fees
6. Net income from commissions and fees (051-052)
7. Gains/losses from investment in subsidiaries, associates and joint
ventures
2
Amounts in HRK
Previous
Current
period
period
3
4
048
049
050
051
052
053
5.141.284.392
2.389.058.398
2.752.225.994
1.085.178.669
154.528.777
930.649.892
5.427.367.412
2.466.972.744
2.960.394.668
1.008.499.017
149.395.178
859.103.839
054
0
0
8. Gains/losses from trading activities
055
-401.886.535
-13.374.023
9. Gains/losses from embedded derivatives
056
-2.823.617
-766.768
10. Gains/(losses) from assets which are not traded, but are designated at
057
6.256.303
-11.327.114
fair value through profit or loss
11. Gains/(losses) from activities related to available for sale assets
058
10.365.295
1.680.092
12. Gains/(losses) from activities related to held to maturity investments
059
0
0
13. Gains/(losses) from hedging transactions
060
0
0
14. Income from investments in subsidiaries, associates and joint ventures
061
28.411.073
113.578.960
15. Income from other equity investments
062
985.782
6.992.147
16. Gains/(losses) from foreign exchange differences
063
609.281.201
172.866.743
17. Other income
064
170.870.141
149.487.323
18. Other expenses
065
128.839.040
129.141.882
19. General administrative expenses and depreciation
066
1.667.701.932 1.660.988.601
20. Net income from operations before impairment and other provisions
067
2.307.794.557 2.448.505.384
21. Impairment and provisions for losses
068
749.198.837
820.235.319
22. Income (loss) before tax (067-068)
069
1.558.595.720 1.628.270.065
23. Income tax
070
277.218.888
312.475.318
24. Profit/(loss) for the period (069-070)
071
1.281.376.832 1.315.794.747
25. Earnings per share
072
4
4
INCOME STATEMENT SUPPLEMENT (to be inputed by issuer preparing consolidated financial statements)
1. Profit/(loss) for the period
073
2. Attributable to shareholders of the Bank
074
3. Attributable to minority interests (073-074)
075
0
0
CASH FLOW STATEMENT - Direct method
in the period from
01.01.
to
Amounts in HRK
31.12.2011
Position name
AOP
code
Previous period
Current period
1
2
3
4
Operating activities
1. Cash flow from operating activities (002 do 009)
1.1. Interest and similar receipts
1.2. Fee and commission receipts
1.3. Interest and similar payments
1.4. Fee and commission payments
1.5. Operating expenses paid
1.6. Net receipts from financial instruments at fair value through profit or
1.7. Other receipts
1.8. Other payables
2. Net (increase)/decrease of operating assets (011 to 018)
2.1. Deposits with CNB
2.2. Treasury bills from Ministry of Finance and treasury bills with CNB
2.3. Deposits with financial institutions and loans to financial institutions
2.4. Loans to other customers
2.5. Securities and other financial instruments held for trading
2.6. Securities and other financial instruments available for sale
2.7. Securities and other financial instruments which are not actively
2.8. Other operating assets
3. Net increase/(decrease) of operating liabilities (020 to 023)
3.1. Demand deposits
3.2. Savings and time deposits
3.3. Derivative financial liabilities and other trading liabilities
3.4. Other liabilities
4. Net inflow /(outflow ) of cash from operating activities before paid
incom
e tax
(001+010+019)
5. Paid
income
tax
6. Net inflow/(outflow) of cash from operating activities (024+025)
Investment activities
7. Net inflow/(outflow) of cash from investment activities (028 to 032)
7.1. Receipts from sale/(payments for purchase) of tangible and
7.2. Receipts from sale (payments for purchase) of investments in
7.3. Receipts from sale/(payments for purchase) of securities and other
7.4. Received dividends
7.5. Other receipts/(payments) from investment activities
Financial activities
8. Net inflow/(outflow) of cash from financial activities (034 to 039)
8.1. Net increase/(decrease) in borrowings
8.2. Net increase /(decrease) of issued debt securities
8.3. Net increase /(decrease) of subordinated and hybrid instruments
8.4. Receipts from issue of capital
8.5. Payment of dividends
8.6. Other receipts/(payments) from financial activities
9. Net inflow/(outflow) of cash (026+027+033)
10. Effects of change in foreign currency rates on cash and cash equivalents
11. Net increase/(decrease) in cash and cash equivalents (040+041)
12. Cash and cash equivalents at the beginning of the year
13. Cash and cash equivalents at the year end (042+043)
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
1.536.650.021
4.937.095.912
1.080.891.122
-2.405.508.573
-158.308.454
-1.560.970.301
-405.663.781
49.114.096
0
-2.979.784.500
369.431.950
-1.050.092.014
1.406.107.208
-3.856.219.279
-67.651.238
235.374.466
-11.391.546
-5.344.047
512.389.379
991.416.799
-754.270.139
0
275.242.719
-930.745.100
-139.983.215
-1.070.728.315
1.783.357.811
5.055.113.244
1.007.693.392
-2.350.228.309
-149.269.549
-1.567.197.898
-259.731.606
46.978.537
0
-4.223.183.389
-1.165.081.694
-726.865.182
-1.044.262.899
-3.074.136.088
-9.499.123
1.849.509.985
0
-52.848.388
3.724.312.225
-76.519.646
3.597.683.315
0
203.148.556
1.284.486.647
-344.763.160
939.723.487
027
028
029
030
031
032
-220.830.106
-243.811.825
0
-6.415.136
29.396.855
0
-180.992.293
-298.694.605
0
-2.868.795
120.571.107
0
033
034
035
036
037
038
039
040
041
042
043
044
112.432.205
1.317.131.240
0
0
0
-1.204.699.035
0
-1.179.126.216
32.550.234
-1.146.575.982
5.260.029.472
4.113.453.490
1.326.125.572
1.328.940.110
0
0
0
-2.814.538
0
2.084.856.766
20.661.384
2.105.518.150
4.113.453.490
6.218.971.640
* Proceeds arising from interest and dividends m ay be classified as operating activities (IAS 7 Appendix A)
STATEMENT OF CHANGES IN EQUITY
31.12.2010
in the period from
31.12.2011
to
Amounts in HRK
Attributable to shareholders of the Bank
Position name
1
AOP
code
Share capital
Treasury
shares
Retained
earnings/
loss
Profit/loss
for the
year
5
6
7
Unrealised
gain/loss
from
revaluation
on AFS
financial
assets
Minority interests Total equity and reserves
2
3
Balance at 1 January current period
001
1.280.967.820
-11.917 4.155.804.261 7.527.658.381 1.281.376.832
-1.546.666
Changes in accounting policies and errors
002
Restated balance at 1 January current period (001+002)
003
1.280.967.820
-11.917 4.155.804.261 7.527.658.381 1.281.376.832
-1.546.666
Disposal of available-for-sale portfolio
004
-1.680.092
-1.680.092
Change in fair value of available-for-sale portfolio
005
-30.912.027
-30.912.027
Deferred tax on change in fair value of available-for-sale portfolio
006
6.518.424
6.518.424
Other gains/losses directly recognised in revaluation reserves
007
Net gains/losses directly recognised
in capital and reserves (004+005+006+007)
008
Profit/loss for the period
009
Total recognised incom e and expense for the current
period (008+009)
Increase/decrease of share capital
Acquisition /disposal of treasury shares
Other movements
Transfer to reserves
Dividends paid
Distribution of profit (014+015)
Balance at 31 Decem ber current period
(003+010+011+012+013+016)
4
Legal,
statutory,
capital
and other
reserves
8
9
10
14.244.248.711
0
14.244.248.711
0
0
0
0
0
0 -26.073.695
010
0
0
0
0 1.315.794.747 -26.073.695
011
012
013
014
015
016
5.123.871.280
017
0
1.315.794.747
-26.073.695
1.315.794.747
0
1.289.721.052
0
0
0
-26.296.155
0
0
0
0
6.404.839.100 -26.308.072 4.155.804.261 3.685.163.933 1.315.794.747 -27.620.361
0
15.507.673.608
-26.296.155
0
0
-5.123.871.280
0
0
1.281.376.832 -1.281.376.832
0 1.281.376.832 -1.281.376.832
NOTES TO FINANCIAL STATEMENTS
in HRK
1) CASH AND DEPOSITS WITH CNB
I. Cash
Cash in hand
Items in course of collection
II. Deposits with CNB
Current account with CNB
Obligatory reserve
- in kuna
- in foreign currency
2) DEPOSITS WITH BANKING INSTITUTIONS
Current accounts with other banks
Placements with banks
Impairment allowance
Net placements to banks
3) LOANS TO FINANCIAL INSTITUTIONS
Loans to banks
Impairment allowance
4) LOANS TO OTHER CUSTOMERS
Replacement bonds
Loans to and receivables from customers
Previous period
31.12.2010.
Current period
31.12.2011.
1.519.462.953
1.148.760
1.520.611.713
1.629.392.504
1.051.013
1.630.443.517
2.432.847.347
4.129.498.872
5.683.514.355
1.322.593.535
9.438.955.237
6.619.995.185
1.615.625.112
12.365.119.169
Previous period
31.12.2010.
in HRK
Current period
31.12.2011.
159.994.430
459.029.251
6.549.872.112
-23.479.564
6.686.386.978
7.790.622.197
-24.367.871
8.225.283.577
Previous period
31.12.2010.
1.015.496.277
-57.261.348
958.234.929
Previous period
31.12.2010.
1.510.589.418
64.737.657.689
66.248.247.107
in HRK
Current period
31.12.2011.
1.022.279.699
-59.524.070
962.755.629
in HRK
Current period
31.12.2011.
0
69.857.354.117
69.857.354.117
4.1.) Loans to other customers
Previous period
31.12.2010.
in HRK
Current period
31.12.2011.
Companies
37.048.630.957
42.750.972.287
Individuals
31.138.113.024
31.244.158.457
Total gross loans
68.186.743.981
73.995.130.744
Impairment allowance - Companies
Impairment allowance - Individuals
Impairment allowance
-1.857.637.658
-1.591.448.634
-3.449.086.292
-2.471.784.488
-1.665.992.139
-4.137.776.627
64.737.657.689
69.857.354.117
Net loans to other customers
5) CORE (PAID IN) CAPITAL
Share capital (in HRK thousand)
Number of ordinary shares
Nominal value per share in kuna
Previous period
31.12.2010.
in HRK
Current period
31.12.2011.
1.280.967.820
6.404.839.100
64.048.391
20,00
320.241.955
20,00
Ordinary shares carry voting rights at shareholders' meetings, subject to a minimum shareholding of one share.
5.1) The shareholder structure of the Bank is as follows:
UniCredit Bank Austria AG
Allianz AG
Ostali
Previous period
31.12.2010.
Current period
31.12.2011.
% ownership
% ownership
84,21
11,72
4,07
84,47
11,72
3,81
100
100
Under the Decision of the General Meeting held on 26 July 2011, the Bank's share capital was increased as a
result of converting the retained earnings amounting to HRK 5,123,871,280 into the share capital through the
issuance of 256,193,564 new shares each in the nominal amount of HRK 20.00. After the increase, the Bank's
share capital amounts to HRK 6,404,839,100. The Bank's shares are listed on Zagreb Stock Exchange. At 31
December 2011 the share price of the Bank's ordinary shares quoted on the Zagreb Stock Exchange was HRK
40,58 (31 December 2010: HRK 250,05) per share.
6) BORROWINGS
Previous period
31.12.2010.
in HRK
Current period
31.12.2011.
Total loans from financial institutions
8.722.749.425
10.235.426.415
Total borrowings
8.722.749.425
10.235.426.415
7) DEPOSITS
Previous period
31.12.2010.
in HRK
Current period
31.12.2011.
Individuals
39.916.633.623
40.021.825.510
Companies and similar organisations and Government
17.125.434.678
16.561.327.980
Banks and other financial institutions
13.626.213.960
70.668.282.261
18.798.059.326
75.381.212.816
in HRK
8) INTEREST INCOME
Previous period
31.12.2010.
Current period
31.12.2011.
Cumulative
Cumulative
8.1. Analysis by product
Loans to other customers
Debt securities
Deposits with CNB
Loans to financial institutions
Derivative instruments
9) INTEREST EXPENSE
4.743.309.631
227.327.740
44.717.209
68.441.726
57.488.086
5.141.284.392
Previous period
31.12.2010.
Cumulative
4.812.338.980
231.799.205
5.658.447
119.777.776
257.793.004
5.427.367.412
in HRK
Current period
31.12.2011.
Cumulative
9.1. Analysis by product
Current accounts and deposits from banks
Current accounts and deposits from companies and other
organisations
Current accounts and deposits from individuals
Loans from financial institutions and other loans
Derivative instruments
417.083.743
506.756.970
321.217.882
1.431.609.964
179.002.548
40.144.261
303.083.946
1.143.660.184
296.292.072
217.179.572
2.389.058.398
2.466.972.744
in HRK
10) FEES AND COMMISSIONS INCOME
Credit related fees and commission
Credit card related fees and commissions
Domestic payment transactions related fees and commissions
Foreign payment transactions related fees and
commissions
Guarantee related fees and commissions
Investment management, brokerage and
consultancy fees
Other fees and commissions
11) FEES AND COMMISSIONS EXPENSE
Credit card related charges
Domestic payment transactions related charges
Foreign payment transactions
related charges
Other fees and commissions
12) GAINS / LOSSES FROM TRADING ACTIVITIES
Net trading (losses)/gains from interest
rate swaps
Net trading (losses)/gains from currency swaps
Net trading gains from other
derivatives
Trading debt securities
Equity securities held for trading
13) GAINS/LOSSES FROM ACTIVITIES RELATED TO
ASSETS AVAILABLE FOR SALE
Available-for-sale debt securities - realised gain
Available-for-sale equity securities - realised gain
Previous period
31.12.2010.
Current period
31.12.2011.
Cumulative
Cumulative
3.985.287
235.003.550
462.715.244
6.565.323
223.830.205
442.283.878
106.539.155
67.700.964
111.552.067
64.183.100
143.253.309
65.981.160
1.085.178.669
98.249.074
61.835.370
1.008.499.017
Previous period
31.12.2010.
Cumulative
in HRK
Current period
31.12.2011.
Cumulative
91.683.750
48.754.327
89.535.023
45.238.123
6.054.538
8.036.162
154.528.777
6.634.057
7.987.975
149.395.178
Previous period
31.12.2010.
Cumulative
in HRK
Current period
31.12.2011.
Cumulative
-141.614.034
-289.815.663
494.405
8.179.674
2.491.795
26.821.470
229.897
-401.886.535
174.131
-20.653.192
-1.569.041
-13.374.023
Previous period
31.12.2010.
Cumulative
in HRK
Current period
31.12.2011.
Cumulative
3.418.987
1.680.092
6.946.308
10.365.295
0
1.680.092
14) INCOME FROM INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
Dividends from associates
Dividends from subsidiaries
Previous period
31.12.2010.
Cumulative
28.411.073
0
28.411.073
in HRK
Current period
31.12.2011.
Cumulative
64.226.337
49.352.623
113.578.960
in HRK
15) INCOME FROM OTHER EQUITY INVESTMENTS
Dividends from other equity investments
16) GAINS / LOSSES FROM FOREIGN EXCHANGE
Prethodno
razdoblje
31.12.2010.
Kumulativno
985.782
985.782
Previous period
31.12.2010.
Cumulative
Foreign exchange spot trading
Net foreign exchange gains/(losses) from translation of
monetary assets and liabilities
Net trading losses from FX forward transactions
17) OTHER INCOME
Rental income from investment property
Gain on disposal of property
Receipts from receivables previously written off
Revaluation of replacement bonds
Other income
Tekuće razdoblje
31.12.2011.
Kumulativno
6.992.147
6.992.147
in HRK
Current period
31.12.2011.
Cumulative
220.006.204
205.992.790
692.195.262
-302.920.265
609.281.201
173.288.292
-206.414.339
172.866.743
Previous period
31.12.2010.
Cumulative
5.468.524
806.018
1.523.236
68.804.215
94.268.148
170.870.141
in HRK
Current period
31.12.2011.
Cumulative
5.154.341
1.814.845
2.948.360
100.961.200
38.608.577
149.487.323
18) OTHER EXPENSE
Previous period
31.12.2010.
Cumulative
Savings deposit insurance expenses
Government contributions
Other expenses
19) GENERAL ADMINISTRATIVE EXPENSES AND
DEPRECIATION
Salaries and other personnel expenses
Administration and marketing expenses
Depreciation
20) IMPAIRMENT AND PROVISIONS FOR LOSSES
Impairment losses on loans to and
receivables from customers
Provisions for off-balance-sheet exposure
Provisions for court cases
Impairment losses on intangible assets
Impairment losses on debt securities in portfolio available for sale
and portfolio held to maturity
Impairment losses on other assets
21)
EARNINGS PER SHARE
Profit attributable to equity holders of the Bank
Weighted average number of ordinary shares in issue*
Basic and diluted earnings per share
(expressed in HRK per share)*
92.921.679
28.115.367
7.801.994
128.839.040
Previous period
31.12.2010.
Cumulative
880.160.312
580.482.648
207.058.972
1.667.701.932
Previous period
31.12.2010.
Cumulative
in HRK
Current period
31.12.2011.
Cumulative
99.700.000
22.626.134
6.815.748
129.141.882
in HRK
Current period
31.12.2011.
Cumulative
887.971.344
591.335.683
181.681.574
1.660.988.601
in HRK
Current period
31.12.2011.
Cumulative
-699.519.215
-10.372.288
-6.767.110
-1.661.511
-803.338.312
1.973.719
1.452.225
-1.661.511
-1.521.908
-29.356.805
-749.198.837
-11.525.064
-7.136.376
-820.235.319
Previous period*
31.12.2010.
in HRK
Current period
31.12.2011.
1.281.376.832
320.123.375
1.315.794.747
320.020.002
4,00*
4,11
*For comparability purposes, basic and diluted earnings per share for the previous period have been adjusted by
taking into account the new total number of average ordinary shares issued after the implementation of the
General Meeting Decision on share capital increase of 26 July 2011.