Inside Real Life a 360 View 2015 Consolidated Reports and Accounts Worldreginfo - 586261Dc-Fc3d-40B5-8D11-14C72c465cdf
Total Page:16
File Type:pdf, Size:1020Kb
Inside real life A 360 view 2015 Consolidated Reports and Accounts WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf VZ_UCB_2015_Obalka.indd 2 13.04.16 13:51 I know it’s not the best time, but I need to check my finances. Let’s talk about fi nancial advice anywhere, anytime. Imagine you are in the middle of a ski holiday. Everything is Thanks to SmartBanking in Austria, it’s possible to bring the beautiful and the conditions are just right. You feel like you branch to you. Whether at home with your laptop or on the go don’t have a single worry in the world. But suddenly a thought with your mobile phone, SmartBanking enables you to manage comes along to disturb your peace: Did you forget to settle your fi nances in the most convenient way for you. your fi nancial business last week? Relationship managers will give advice quickly and That’s exactly what happened to Nico. During his fi rst romantic conveniently, by any possible method you want, from SMS to holiday with Emma, he realized that this little banking detail video chat. So now answers that you need on every possible was driving him crazy, and spoiling the fun. And he thought fi nancial topic, from taking out a loan to explaining your to himself: “You know what would be really useful right now? banking transactions, are at your fi ngertips. A bank manager I can call or, even better, text.” That means we can help you save for your holiday, and save No sooner said than done. your holiday. WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Mezistrany_EN.indd 1 29.04.16 15:23 WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Obsah Imagine you’re hungry. You need food, of course. But you also need a plate and a fork. Maybe even a knife. After that, you’ll need water to wash the dishes and before that, the right tools to cook your meal. And don’t forget the table, or the chair, or the roof over your head. In the end, food is just a small part of our far more complicated system of needs – a system that is contained by its own set of values. Consider, for example, the entire production chain behind the food on your table. Food comes from a farm. It has to be tended by people, and inspected by others to ensure it is safely made, processed and transported to market. Every link in this chain is crucial for today’s consumers, who are increasingly sensitive to the quality of their UniCredit firmly believes that to truly understand real life, we must directly experience it. That way we are more prepared to find sustainable solutions while the world’s needs and values constantly change. For us, helping customers fulfil the basic necessities of modern life is just as important as offering the very best financial and banking products. This means providing a complete range of services to support families and businesses, fully aware that responding to their needs builds a sustainable future for everyone. Our products begin with real human insights that help us accompany customers throughout their lives. Because life is full of ups and downs, but it is also full of many other things, like buying a home, getting married, having children and sending them to university, etc. It’s a 360-degree approach that we call Real Life Banking. Over the following pages, our aim is not just to present data and numbers about our Group’s performance. We also want to share stories that show how we have helped people realize their dreams and supported the communities that host our branches. Because the drive to build a better future is what keeps people going. And supporting people keeps us going too. WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Obsah Contents Consolidated financial highlights 6 Separate financial highlights 8 Introduction from the Board of Directors 10 Report of the Board of Directors 19 Report of the Supervisory Board 24 Basis for calculating the contribution to the Guarantee Fund 25 Consolidated financial statements 27 Consolidated statement of comprehensive income 27 Consolidated statement of financial position 28 Consolidated statement of cash flows 29 Consolidated statement of changes in equity 30 Notes to the consolidated financial statements 31 Separate financial statements 82 Statement of comprehensive income for 2015 82 Statement of financial position as at 31 December 2015 83 Statement of cash flows for 2015 84 Statement of changes in equity for 2015 85 Notes to the separate financial statements 86 Auditor’s report on the annual report 132 Supplementary information 135 Report on relations between the controlling and controlled entities 156 Organizational structure of UniCredit Group 164 List of branches 169 UniCredit Bank • 2015 Annual Report 5 WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Financial Highlights – Consolidated (IFRS audited) 31 Dec 2015 31 Dec 2014 UniCredit Bank Czech Republic and Slovakia, a.s. MCZK MCZK Operating results Net interest and similar income 10 235 10 049 Net fee and commission income 3 843 3 557 Administrative expenses (7 507) (7 170) Profit before income tax 7 064 6 030 Net profit after tax 5 640 4 911 Statement of financial position figures Total assets 570 284 508 616 Receivables from clients 351 541 339 510 Deposits from clients 363 989 328 585 Issued capital 8 755 8 755 Key ratios Return on average assets 1,0% 1,0% Return on original capital 11,4% 10,6% Assets per employee 172,8 154,4 Administrative expenses per employee 2,3 2,2 Profit after tax per employee 1,7 1,5 Information about capital and capital adequacy Tier 1 51 944 47 397 Tier 2 1 578 1 051 Capital 53 522 48 448 Capital requirement for credit risk under the standardised approach: 5 878 5 708 Capital requirements for exposure to regional government or local authorities 8 7 Capital requirements for exposure to institutions 1 2 Capital requirements for exposure to businesses 1 921 2 073 Capital requirements for retail exposures 1 925 1 722 Capital requirements for exposures secured by real estate 776 627 Capital requirements for exposures at default 407 515 Capital requirements for equity exposures 109 21 Capital requirements for other items 731 741 Capital requirement for credit risk under the IRB approach: 21 033 18 553 Capital requirements for exposure to central government or central banks 768 540 Capital requirements for exposure to institutions 740 750 Capital requirements for exposure to businesses 17 903 15 992 Capital requirements for retail exposures 1 622 1 271 Capital requirements for position risk 324 596 Capital requirements for currency risk 162 97 Capital requirements for settlement risk – – Capital requirements for commodity risk 76 281 Capital requirements for operational risk 1 740 1 647 CET1 capital ratio 14,17% 14,04% Tier 1 capital ratio 14,17% 14,04% Total capital ratio 14,60% 14,35% Number of employees at the end of the period 3 301 3 294 Number of branches 171 173 6 2015 Annual Report • UniCredit Bank WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Reconciliation of equity to regulatory capital (consolidated) 31 Dec 2015 31 Dec 2014 UniCredit Bank Czech Republic and Slovakia, a.s. MCZK MCZK Data from the Statement of Financial Position: Share capital 8 755 8 755 Share premium 3 495 3 495 Valuation reserves 5 444 5 635 Retained earnings, reserve funds and other capital funds 38 172 35 614 Profit for the year 5 640 4 911 Total equity 61 506 58 410 CET1 capital adjustments: Profit for the year (5 640) (4 911) Reserve from revaluation of hedging instruments (1 755) (2 122) Reserve from revaluation of available-for-sale securities – (2 687) Foreign exchange rate differences from the foreign branch 20 (7) Intangible assets (792) (97) Credit risk adjustments for non-defaulted exposures 1 670 –* Anticipated losses for non-defaulted exposures (2 547) –* Effect of companies not included in the prudential consolidation group (380) (1 189) Other adjustments (138) – Total CET 1 51 944 47 397 Total Tier 1 (T1) 51 944 47 397 Credit risk adjustments for exposures at default 8 551 10 587* Anticipated losses for exposures at default (6 197) (9 536)* Non-deductible surplus above the risk-weighted assets limit (776) – Total Tier 2 (T2) 1 578 1 051 Capital 53 522 48 448 * The anticipated losses and the credit risk adjustments as at 31 December 2014 are stated in total amount for the whole portfolio, rather than broken down to defaulted and non-defaulted exposures UniCredit Bank • 2015 Annual Report 7 WorldReginfo - 586261dc-fc3d-40b5-8d11-14c72c465cdf Financial Highlights – Separate (IFRS audited) 31 Dec 2015 31 Dec 2014 UniCredit Bank Czech Republic and Slovakia, a.s. MCZK MCZK Operating results Net interest and similar income 9 051 8 984 Net fee and commission income 3 574 3 348 Administrative expenses (6 950) (6 646) Profit before income tax 6 271 5 326 Net profit after tax 5 033 4 361 Statement of financial position figures Total assets 547 218 480 910 Receivables from clients 329 089 312 133 Deposits from clients 364 243 328 712 Issued capital 8 755 8 755 Key ratios Return on average assets 1,0% 0,9% Return on original capital 10,3% 9,5% Assets per employee 185,4 163,5 Administrative expenses per employee 2,4 2,3 Profit after tax per employee 1,7 1,5 Information about capital and capital adequacy* Tier 1 50 343 47 024 Tier 2 1 767 1 012 Capital 52 110 48 036 Capital requirement for credit risk under the standardised approach: 3 090 3 178 Capital requirements for exposure to regional government or local authorities 8 7 Capital requirements for exposure to institutions 1 – Capital requirements for exposure to businesses