Table of contents business report financial report
Download 1.18 Mb.
|
Naziv 31. 12. 2016 31. 12. 2015 Intesa Sanpaolo S. P. A.
98.,9% 98,4%
Delež kapitalu banke 29 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT meeting of shareholders of Banka Koper d.d. held on 19.12.2016, the resolution was passed to change the name of the bank and amend the bank’s articles of association.
The supervisory board of Banka Koper d.d is composed of five members of which two are external experts and three are the representatives of the Intesa Sanpaolo banking group. In 2016, there were changes in the composition of the supervisory board. The general meeting of shareholders of Banka Koper d.d. (hereinafter; the general meeting of shareholders) received at its 35th meeting that the term of office of the following members of the supervisory board expired on 27. 6. 2016: Vojko Čok, Roberto Civalleri, dr. Borut Bratina, Emanuele Collini and Elena Breno. On the same day Vojko Čok, dr. Borut Bratina, Emanuele Collini, Elena Breno and Silvia Rinaldi were elected as the members of the supervisory board. The supervisory board appointed on 29. 6. 2016 Vojko Čok as chairman and dr. Borut Bratinao as deputy chairman of the supervisory board. Since Vojko Čok handed in his notice of resignation from the office of member of the supervisory board effective on 19.12.2016, the general meeting of shareholders elected at its 36th meeting held on 19. 12. 2016 a new member of the supervisory board Mr. Uroš Čufer. The supervisory board appointed Uroš Čufer on 20.12.2016 as chairman of the board. The members of the supervisory board as of 31.12. 2016 so: Uroš
Čufer chairman
Dr. Borut Bratina
deputy chairman Elena Breno
member Emanuele Collini member Silvia Rinaldi
member There were three committees of the supervisory board at the bank at the end of 201: the audit committee, the risk committee and the nomination committee.
The management board of Banka Koper d. d has seven members. In 2016, the term of office of Mr. Giancarlo Miranda in the capacity of the president of the management board expired. The supervisory board re-appointed Mr. Miranda as the president of the management board on 29.6.2016 for the period of five years. The members of the management board as of 31.12.2016 are: Giancarlo Miranda, M.Sc.
president Igor Kragelj
deputy president Irena
Džaković member Rado Grdina
member Mag. Aleksander Lozej
member
Maurizio Marson
member Aleksander Milostnik
member
The corporate governance statement shall be published as a separate report accessible to the general public on the bank’s website. Koper, 14.02.2017 Supervisory board of Banka Sanpolo d. d.
Management board of Banka Intesa Sanpoalo d. d. Financial Report 2016 32 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT Independent auditors’ report on financial statements 33 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT 34 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT 35 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT Deputy President Igor Kragelj Member Aleksander Milostnik Member Aleksander Lozej Member Rado Grdina Member Irena Džaković President Giancarlo Miranda Member Maurizio Marson Statement Of Management’s Responsibilities The management is responsible for preparing financial statements for each financial year that present fairly the state of affairs of the Bank as at the end of the financial year and of the profit or loss for that period. The management confirms that suitable accounting policies have been used and applied consistently and reasonable and prudent judgments and estimates have been made in the preparation of the financial statements for the year ended 31 December 2016. The management also confirms that the financial statements have been prepared on the going concern basis and in accordance with the applicable laws and International Financial Reporting Standards, as adopted by the EU. The management is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Bank and its subsidiaries and to prevent and detect fraud and other irregularities. In accordance with local regulations, the tax authorities may at any time inspect the Bank’s books and records within 5 years subsequent to the reported tax year and may impose additional tax assessments and penalties. The Bank’s management is not aware of any circumstances, which may give rise to a potential material liability in this respect.
Koper, 13 February 2017 36 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT Financial Statements 1. INCOME STATEMENT Notes As at 31 December 2016 2015 Interest income 4 49,554
56,399 Interest expenses 4 (8,026)
(12,293) Net interest income 41,528 44,106 Dividend income 5 655
545 Fee and commission income 6 37,658
40,278 Fee and commission expenses 6 (11,860)
(13,815) Net fee and commission income 25,798 26,463 Realised gains or losses on financial assets and liabilities not measured at fair value through profit or loss 7 19,574
2,598 Gains or losses on financial assets and liabilities held for trading 8 812
1,041 Gains or losses on financial assets and liabilities designated at fair value through profit or loss (48) 71
9 136
(92) Exchange differences (304) (100)
Gains or losses on derecognition of assets 10 1,043 47 Other operating net income 11 (177)
1,561 Administrative expenses 12 (40,250)
(40,550) Depreciation and amortisation 13 (4,692)
(5,422) Provisions and post-employment benefit obligations: 1,123 (243)
- provisions for liabilities and charges 14 1,558 172 - provisions for post-employment benefit obligations and similar obligations 14 (435)
(415) Impairment 15 (22,239)
(15,827) Total profit or loss before tax from continuing operations 22,959 14,198 Tax expense (income) related to profit or loss from continuing operations 16 (2,719)
(2,355) Total profit or loss after tax from continuing operations 20,240
11,843 Net profit or loss for the financial year 20,240 11,843 Basic earnings per share (basic and diluted) (in EUR per share) 17 38.16 22.33 The accompanying notes on pages 42 to 101 are an integral part of the financial statements. As at 31 December 2016 2015 NET PROFIT OR LOSS FOR THE FINANCIAL YEAR AFTER TAX 20,240 11,843 OTHER COMPREHENSIVE INCOME AFTER TAX (4,592) (1,880) ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS 78 (638) Actuarial gains (losses) on defined benefit pensions plans 78 (697)
Income tax relating to items that will not be reclassified - 59 ITEMS THAT MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS (4,670) (1,242) Available-for-sale financial assets (5,436) (1,496) - revaluation gains (losses) taken to equity 370 2,660
- transferred to profit or loss (5,806)
(4,156) Income tax relating to items that may be reclassified to profit or (-) loss 766 254
TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR AFTER TAX 15,648 9,963 a) Attributable to owners of the Bank 15,648 9,963
(in thousands of euros) (in thousands of euros) 2. STATEMENT OF COMPREHENSIVE INCOME 37 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT Notes As at 31 December 2016 2015 ASSETS Cash, cash balances at central banks and other demand deposits at banks 19 192,843
234,240 Financial assets held for trading: 64 91
20 64
91 Financial assets designated at fair value through profit or loss 136 222
Available-for-sale financial assets 21 354,615 330,088 Derivatives – hedge accounting 20 913
21 Loans and receivables: 1,726,905 1,654,741 - loans to banks 22 89,516 160,140 - loans to non-bank customers 23 1,626,373 1,482,682 - advances 24 11,016
11,919 Fair value changes of the hedged items in portfolio hedge of interest rate risk 45 -
25 18,700
21,523 Investment property 26 13,985
14,127 Intangible assets 27 4,068
4,471 Tax assets - 1,246
- current tax assets - 984 - deferred tax assets 36 - 262 Other assets 28 13,389
11,712 Total assets 2,325,663 2,272,482 LIABILITIES Financial liabilities held for trading: - 1
20 - 1 Derivatives – hedge accounting 20 1,402 66 Financial liabilities measured at amortised cost: 2,017,524 1,971,643 - deposits from banks and central banks 29 62,700 22,821 - deposits from non-bank customers 30 1,839,935 1,776,685 - loans from banks and central banks 31 87,747
149,481 - loans from non-bank customers 32 28
60 - other financial liabilities 33 27,114
22,596 Fair value changes of the hedged items in portfolio hedge of interest rate risk 341 -
10,051 11,354
- provisions for liabilities and charges 34 5,193 6,754 - retirement benefit obligations 35 4,858
4,600 Tax liabilities: 1,603 -
921 - - deferred tax liabilities 36 682
- Other liabilities 37 4,660
3,734 Total liabilities 2,035,581 1,986,798 EQUITY Share capital 38 22,173
22,173 Share premium 38 7,499
7,499 Accumulated other comprehensive income 39 5,859
10,451 Reserves from profit 40 229,362
227,654 Treasury shares 38 (49)
(49) Retained earnings (including income for the current year) 40 25,238
17,956 Total equity 290,082 285,684 Total liabilities and equity 2,325,663 2,272,482 (in thousands of euros) 3. STATEMENT OF FINANCIAL POSITION The accompanying notes on pages 42 to 101 are an integral part of the financial statements. 38 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT For the year ended 31 December 2015 Notes Share capital Share premium Accumulated other comprehensive income Reserves from profit Retained earnings or loss (including Income from the current year) Treasury shares (equity deduction item) Total equity OPENING BALANCE FOR THE REPORTING PERIOD 22,173 7,499 12,331 226,069 12,305 * (49) 280,328 Total comprehensive income - - (1,880) - 11,843 - 9,963 Dividends paid 40 -
- - (5,304) - (5,304) Transfer of net profit to reserves from profit 40 - - - 1,585 (1,585) -
Effect due to merger of Finor Leasing - - - - 697 - 697 CLOSING BALANCE 22,173 7,499 10,451 227,654 17,956 (49) 285,684 DISTRIBUTABLE PROFIT - - - - 11,947 - 11,947 4. STATEMENT OF CHANGES IN EQUITY (in thousands of euros) (in thousands of euros) * Retained earnings in the amount of euro 6,009 thousand arose from accounting differences in transition from local accounting standards to IFRS. Under the Management Board’s decision this part of retained earnings it is not available for distribution to shareholders. The accompanying notes on pages 42 to 101 are an integral part of the financial statements. For the year ended 31 December 2016 Notes Share capital Share premium Accumulated other comprehensive income Reserves from profit Retained earnings or loss (including Income from the current year) Treasury shares (equity deduction item) Total equity OPENING BALANCE FOR THE REPORTING PERIOD 22,173 7,499 10,451 227,654 17,956* (49) 285,684 Total comprehensive income for the year after tax - - (4,592) - 20,240 - 15,648 Dividends paid 40 -
- - (11,250) - (11,250) Transfer of net profit to reserves from profit 40 - - - 1,708 (1,708) -
CLOSING BALANCE 22,173 7,499 5,859 229,362 25,238 (49) 290,082 DISTRIBUTABLE PROFIT - - - - 19,228 - 19,228 39 TABLE OF CONTENTS BUSINESS REPORT FINANCIAL REPORT (in thousands of euros) 5. STATEMENT OF CASH FLOWS
As at 31 December 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES Total profit or loss before tax 22,959 14,198
Depreciation 13 4,692 5,422 Impairments / (reversal of impairments) of financial assets available-for-sale 15 299
- Impairments / (reversal of impairments) of loans and receivables 15 20,385
14,892 Impairments of tangible assets, investment property, intangible assets and other assets 15 1,555
935 Net (gains) / losses from exchange differences (209) 7,298
Net (gains) / losses from sale of tangible assets and investment properties (1,043)
(47) Other adjustments to total profit or loss before tax (1,123) (3,553)
Cash flow from operating activities before changes in operating assets and liabilities 47,515 39,145 (Increases) / decreases in operating assets (excl. cash & cash equivalents) (157,960) (7,684) Net (increase) / decrease in financial assets held for trading 27 19
86 45 Net (increase) / decrease in financial assets available-for-sale (27,878) (33,804)
Net (increase) / decrease in loans and receivables (124,243) 40,269 Net (increase) / decrease in assets-derivatives - hedge accounting (937) (21)
Net (increase) / decrease in other assets (5,015)
(14,192) Increases / (decreases) in operating liabilities 47,664 (29,391) Net increase / (decrease) in financial liabilities held for trading (1) (147)
Net increase / (decrease) in deposits and loans measured at amortised cost 45,881
(31,367) Net increase / (decrease) in liability – derivatives – hedge accounting 1,677 28
107 2,095
Cash flow from operating activities (62,781) 2,070 Income taxes (paid) / refunded 919 (1,502)
Net cash flow from operating activities (61,862) 568 CASH FLOWS FROM INVESTING ACTIVITIES Receipts from investing activities 1,434 14 Receipts from the sale of property and equipment and investment properties 1,434 14
(900) (3,906) Cash payments to acquire tangible assets and investment properties (552) (1,293)
Cash payments to acquire intangible assets (348)
(2,613) Net cash flow from investing activities 534 (3,892) CASH FLOWS FROM FINANCING ACTIVITIES Cash proceeds from financing activities - - Cash payments on financing activities (11,250) (5,304) Dividends paid (11,250) (5,304)
Do'stlaringiz bilan baham: |