Bratsky Narodny Bank JSC Balance Sheet as at 31 December 2005 (in thousands of Russian Roubles)
NotesNote 20052005 2004 2004 Assets InterestCash and cashincome equivalents 519 19899 013 357 83193 247 763 InterestMandatory expense cash balances with the Central Bank of the Russian 19 (47 869) (33 343) 17 192 12 095 FederationNet interest income 51 488 49 904 DueProvision from forother loan banks impairment 66,7 139(2 961 489) 718 890 405 LoansNet interest and advances income toafter customers provision for loan impairment 7 67048 711 999 57465 794 146 FinancialGains less assets losses held from to operations maturity with investment securities held to 8 22632 121- Non-currentmaturity assets held for sale 11 11 093 - GainsOther assetsless losses from dealing in foreign currency 9 210 045 383 9 1743 248 ForeignPremises exchange and equipment translation gains less losses 10 31 446(294) 3264 609 FeeTotal and assets commission income 20 1 07022 687 477 16725 333 387 FeeLiabilities and commission expense 20 (2 108) (1 225) GainsDue to less other losses banks arising from assets and liabilities under rates below 127 3(1 961 768) 5 550- Customer accounts 13 770 656 475 792 market Debt securities issued 14 58 383 7 074 Provision for impairment of financial assets held to maturity 8 95 (47) Other liabilities 15 3 594 4 462 Provision for losses on credit related commitments and other provisions 9, 25 1 029 (2 202) Tax liabilities 23 - 1 516 Other operating income 21 3 868 2 244 NetTotal income liabilities 83682 594 713 82494 135 394 22Shareholders'(77 837)(65 337)Operatingequity expenses 22 (77 837) (65 337) ProfitShare capitalbefore taxation 16 456 8344 876 16456 798 834 23Share(1 776) premium(4 439)Income tax expense 1723 32(1 320 776) (4 32439) 320 NetAccumulated profit deficit (255 061)3 100 (25812 359 161) Total shareholders' equity 234 093 230 993 Total liabilities and shareholders’ equity 1 070 687 725 387 Credit related commitments 25 48 881 35 578
Approved by the Bank’s Board and signed on its behalf on 05 May 2006.
F.V. Balandin L.V. Belozerova Chairman of the Bank’s Board Chief Accountant
Bratsky Narodny Bank JSC Statement of Income for the Year Ended 31 December 2005 (in thousands of Russian Roubles)
Approved by the Bank’s Board and signed on its behalf on 05 May 2006. F.V. Balandin L.V. Belozerova Chairman of the Bank’s Board Chief Accountant
Bratsky Narodny Bank JSC Statement of Cash Flows for the Year Ended 31 December 2005 (in thousands of Russian Roubles)
2005 2004 Cash flows from operating activities Interest received 97 621 86 139 Interest paid (47 082) (33 644) Gains less losses arising from operations with available-for-sale financial assets 32 (7) Income securities from dealing in foreign currencies 10 383 9 174 22 44316 333Fees and commissions received 22 443 16 333 Fees and commissions paid (2 017) (1 218) Other operating income 2 859 2 244 Operating expenses paid (73 946) (61 188) Income tax paid (2 896) (3 136) Cash flows from operating activities before changes in operating assets and liabilities 7 397 14 697 Net (increase)/decrease in operating assets Mandatory cash balances with the Central Bank of the Russian Federation (5 097) 16 720 Due from other banks (121 600) 56 044 Loans and advances to customers (201 418) (65 452) Non-current assets held for sale (11 093) - Other assets (744) (1 096) Net increase/(decrease) in operating liabilities Due to other banks (1 760) (40 615) Customer accounts 293 283 138 172 Debt securities issued 50 935 1 020 Other liabilities (165) (301) Net cash flows from operating activities 9 738 119 189
Cash flows from investing activities Proceeds from redemption of financial assets held to maturity - 3 346 Purchase of premises and equipment (6 790) (5 417) Proceeds from sale of premises and equipment 916 576 Net cash flows from investing activities (5 874) (1 495)
Cash flows from financing activities Net cash flows provided by financing activities - -
Effect of exchange rate changes on cash and cash equivalents 386 (1 300) Net increase in cash and cash equivalents 4 250 116 394 Cash and cash equivalents at beginning of year 193 763 77 369 Cash and cash equivalents at end of year (Note 5) 198 013 193 763
Share capital Share premium Accumulated Total deficit shareholders equity
Balance as at 31 December 2003 456 834 32 320 (270 520) 218 634 Net profit for 2004 - - 12 359 12 359 Balance as at 31 December 2004 456 834 32 320 (258 161) 230 993
Net profit for 2005 - - 3 100 3 100 Balance as at 31 December 2005 456 834 32 320 (255 061) 234 093
Approved by the Bank’s Board and signed on its behalf on 05 May 2006.
F.V. Balandin L.V. Belozerova Chairman of the Bank’s Board Chief Accountant
Bratsky Narodny Bank JSC Statement of Changes in Shareholders’ Equity for the Year Ended 31 December 2005 (in thousands of Russian Roubles)
Approved by the Bank’s Board and signed on its behalf on 05 May 2006.
F.V. Balandin L.V. Belozerova Chairman of the Bank’s Board Chief Accountant