CZK ths. Relation to Company Services Finance income Total
Česká spořitelna, a. s. Parent company 1,203 1,289 2,492 DINESIA a. s. Subsidiary 5,079 0 5,079 Informatika ČS, a. s. Sister company 1,296 0 1,296 s Autoúvěr, a. s. Subsidiary 20,651 0 20,651 REICO investiční společnost ČS, a. s. Sister company 1,993 0 1,993 Realitní společnost ČS, a. s. Sister company 1,786 0 1,786 ÖCI-G. m. b. H. Sister company 211 0 211 Procurement Services CZ, s. r. o. Sister company 485 0 485 Investiční společnost ČS, a. s. Sister company 114 0 114 PARTNER ČS, a. s. Sister company 283 0 283
Total 33,101 1,289 34,390
4.16.2 Expenses Incurred from Related Party Transactions
2010
Entity
CZK ths. Relation to Company Services Other costs Finance cost Total
Česká spořitelna, a. s. Parent company 15,847 3,838 109,180 128,865 DINESIA a. s. Subsidiary 1,860 0 0 1,860 Informatika ČS, a. s. Sister company 1,084 0 0 1,084 ÖCI-G. m. b. H. Sister company 4,107 0 0 4,107 Procurement Services CZ, s. r. o. Sister company 632 0 0 632
Total 23,530 3,838 109,180 136,548
SAL 2009
EntityCZK ths. Relation to Company Services Other costs Finance cost Total
Česká spořitelna, a. s. Parent company 14,340 3,720 31,131 49,191 DINESIA a. s. Subsidiary 5,121 0 0 5,121 Informatika ČS, a. s. Sister company 915 155 0 1,070 ÖCI-G. m. b. H. Sister company 4,470 0 0 4,470 Procurement Services CZ, s. r. o. Sister company 314 0 0 314 Procurement Services GmbH Sister company 155 0 0 155 Erste Group Bank AG
Indirectly controlling
company 0 98 0 98
Total 25,315 3,973 31,131 60,419
4.17 Consumption of Material and Energy
CZK ths. SAL 2009 2010
Consumed material 4,019 8,000 Consumed energy 1,464 1,485
Cash Flow Statement | Notes to the Financial Statements | Report on Relations between Related Parties
4.18 Services
CZK ths. 2009 2010
Marketing 6,800 20,984
Audit 1,250 2,447
Legal and advisory services 6,097 657 Services related to the extraordinary termination of contracts 14,568 23,075 Consideration for agreement processing services 0 0 Consideration for professional services – agreements 2,024 1,813 Services based on the mandate contract with DINESIA a. s. 5,121 1,558
Training 2,093 890
Telephone, fax, postal charges 4,780 6,772 Repairs and maintenance 2,374 5,950
Travel expenses 374 279
Outsourcing 5,342 7,590
Commissions for trade partners 81,127 315,596
Rental 8,024 7,735
Others services related to leasing 39,176 41,343
Other 11,553 17,755
Total 190,703 465,444
4.19 Change in Provisions and Allowances
CZK ths. SAL 2009 2010
Change in accounting allowances for fi xed assets and receivables 227,051 −51,948
Total change in provisions and allowances in operating activities 227,051 −51,948
4.20 Summary of Changes in Allowances
CZK ths. SAL balance
as at 31 Dec 2009
Infl uence of
merger Increase Decrease Balance as at 31 Dec 2010
Allowance to leased assets −171,338 0 −24,816 74,230 −121,924 Allowance to tangibles in progress −1,613 0 −6,683 1,613 −6,683 Allowance to advances for investments −1,032 0 −7,553 8,585 0 Allowance to trade receivables −234,189 −216,622 −4,200 0 −455,011 Allowance to other receivables −1,733 −52,296 −2,927 15,681 −41,27 Allowance to loans 0 −15,788 −14,354 12,372 −17,770
Total −409,905 −284,706 −60,533 112,481 −642,663
4.21 Sales of Fixed Assets
CZK ths. SAL 2009 2010
Sales of fi xed assets 556,447 313,396 Net book value of sold fi xed assets −634,383 −514,147
Loss (−) from the sale of fi xed assets −77,936 −200,751
In 2010, the Company sold part of its portfolio of lease contracts. The loss from the sale of related fi xed assets was fully covered by a release of allowances that were created in prior years.
Cash Flow Statement | Notes to the Financial Statements | Report on Relations between Related Parties
4.22 Other Operating Income
CZK ths. SAL 2009 2010
Contractual fi nes and late charges 10,187 28,092 Loss compensation 122,375 201,429 Re-charge and insurance premium proceeds 2,034 4,407
Ceded receivables 0 14,957
Other income except for leases 6,676 3,708
Total other operating income 141,272 252,593
4.23 Other Operating Expenses
CZK ths. SAL 2009 2010
Other Operating Expenses 9,379 9,641 Costs of ceded receivables 0 208,437 Write off of receivables 0 30,402 Other charges and penalties 0 85 Insurance premium cost 30,818 28,741 Shortages and losses in operating activities 34,947 55,442
Total other operating expenses 75,144 332,748
4.24 Interest Income
CZK ths. 2009 2010
Interest on current bank accounts 1,529 303 Margin on instalment sales 26,037 24,067 Interest on loans granted to individuals (non-entrepreneurs) 0 274,381 Interest on loans granted to individuals (entrepreneurs) and legal entities 0 205,049 Interest – other debtors 0 17,975
Total 27,566 521,775
4.25 Interest Expense
CZK ths. 2009 2010 Interest on loans 290,956 326,062 Interest on overdrafts 6,867 7,176 Total 297,823 333,2384.26 Other Finance Expense
CZK ths. 2009 2010
Foreign exchange gains 55,850 42,292
Other 184 162
Total 56,034 42,454
4.27 Other Finance Cost
CZK ths. 2009 2010
Bank charges 21,624 23,482
Other 84 58
Foreign exchange losses 32,048 10,730
Cash Flow Statement | Notes to the Financial Statements | Report on Relations between Related Parties
5. Employees, Management and Statutory Bodies
5.1 Personnel Expenses and Number of Employees
The average number of employees and personnel expenses in 2010 and 2009 are as follows:
2010
CZK ths. Number Wages and
salaries Bonuses for members of statutory bodies
Social security and health insurance
Other costs Total personnel expenses
Employees 95 50,737 45 17,386 1,294 69,462 Management 13 14,038 295 4,873 1,074 20,280
Total 108 64,775 340 22,259 2,368 89,742
2009
CZK ths. Number Wages and
salaries Bonuses for members of statutory bodies
Social security and health insurance
Other costs Total personnel expenses
Employees 49 26,455 0 8,497 823 35,775 Management 17 17,563 128 5,323 661 23,675
Total 66 44,018 128 13,820 1,484 59,450
Management includes the Board of Directors and executive management.
5.2 Provided Loans, Credits and Other Items
In 2010 members of the Board of Directors received the following loans and compensation in excess of their base salaries:
CZK ths. Board of Directors
Contribution to life and pension insurance 33 Passenger cars / other movable and immovable items with the possibility of personal use (data
represent an amount by which the tax base of employees is increased) 78 Shares (data represent an amount by which the tax base of employees is increased) 0 Other items (increase of tax base – personal fuel consumption) 11
Total 122
6. Off Balance Sheet Assets and Liabilities
As at 31 December 2010, the Company was not party to any litigation whose outcome would have a material impact on the Company. As at the balance sheet date, the Company has no contractual commitments comprising investment expenses from executed contracts. As at the balance sheet date, the Company has no recorded off-balance sheet assets or liabilities.
7. Statement of Cash Flows
Cash Flow Statement | Notes to the Financial Statements | Report on Relations between Related Parties
8. Statement of Changes in Equity
CZK ths. Share
capital premiumShare capital Other funds Differen- ces arising from revalu- ation of assets Accu- mulated loss Profi t/ (loss) for the period Total As at 31 Dec 2008 372,000 0 0 114,710 −210,925 −63,380 212,405
Distribution of profi t or loss 0 0 0 0 −63,380 63,380 0 Differences arising from revaluation of
investments 0 0 0 −36, 429 0 0 −369,429 Increase in other capital funds 0 0 310,000 0 0 0 310,000 Profi t/(loss) for the period 0 0 0 0 0 −131,115 −131,115
As at 31 Dec 2009 372,000 0 310,000 −254,719 −274,305 −131,115 21,861
Effect of merger 0 0 0 276,010 −276,010 0 0 Distribution of profi t or loss 0 0 0 0 −131,115 131,115 0 Differences arising from revaluation of
investments 0 0 0 2,301 0 0 2,301 Issuing of shares 128,000 256,000 0 0 0 0 384,000
Rounding 0 0 0 0 0 0 1
Profi t/(loss) for the period 0 0 0 0 0 20,324 20,324
As at 31 Dec 2010 500,000 256,000 310,000 23,592 −681,429 20,324 428,487
Prepared on 18 March 2011.
Signature of accounting unit’s statutory body:
Wilfried Elbs Ing. Tomáš Veverka
Chairman of the Board of Directors Vice-chairman of the Board of Directors
Person responsible for accounting
:
Ing. Tomáš Veverka
Financial and Managing Offi cer
Person responsible for fi nancial statements:
Ing. Tomáš Veverka
Notes to the Financial Statements | Report on Relations between Related Parties