PPF Financial Holdings B.V. – Annual Accounts 2019
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ČSOB Private Banking Largo, ČSOB Asset Management, A.S., Investiční Společnost, Otevřený Podílový Fond
VÝROČNÍ ZPRÁVA za období od 1. 1. 2018 do 31. 12. 2018 ČSOB Private Banking Largo, ČSOB Asset Management, a.s., investiční společnost, otevřený podílový fond ČSOB Private Banking Largo, ČSOB Asset Management, a.s., investiční společnost, otevřený podílový fond VÝROČNÍ ZPRÁVA ZA ROK 2018 Obhospodařovatelská společnost: ČSOB Asset Management, a.s., investiční společnost IČ: 25677888 Sídlo společnosti: Radlická 333/150, 150 57 Praha 5 Datum vzniku společnosti: 3.7.1998 přeměnou ze společnosti O.B. INVEST, investiční společnost, spol. s r. o., IČ: 44267487, ke dni 13.1.2004 na společnost přešlo jmění zaniklé společnosti První investiční společnost, a.s., IČ: 00255149. V souvislosti s fúzí došlo k 31.12.2011 ke změně obchodní firmy z ČSOB Investiční společnost, a.s., člen skupiny ČSOB na ČSOB Asset Management, a.s., investiční společnost a sloučení jmění včetně práv a povinností z pracovněprávních vztahů zanikající společnosti ČSOB Asset Management, a.s., člen skupiny ČSOB, IČ: 63999463. Základní kapitál společnosti: 499 mil. Kč Akcionáři: Československá obchodní banka, a.s. (40,08% na základním kapitálu a hlasovacích právech) KBC Asset Management Participations, SA (59,92% na základním kapitálu a hlasovacích právech) Předmět podnikání: Společnost je oprávněna podle zákona č. 240/2013 Sb., o investičních společnostech a investičních fondech, v platném znění v rozsahu uvedeném v povolení uděleném Českou národní bankou: (i) obhospodařovat investiční fondy nebo zahraniční investiční fondy; (ii) provádět administraci investičních fondů nebo zahraničních investičních fondů; (iii) obhospodařovat majetek zákazníka, jehož součástí je investiční nástroj, na základě volné úvahy v rámci smluvního ujednání (portfolio management); (iv) poskytovat investiční poradenství týkající se investičních nástrojů. -
Annual Report and Financial Statements 2020
Taking action Annual Report and Financial Statements 2020 We make a difference in our customers’ lives by providing access to affordable credit in a respectful, responsible and straightforward way. We play an important role in society serving our home credit and digital products to 1.7 million customers who might otherwise be financially excluded. Resilient performance delivered in challenging times Customers (‘000) Credit issued (£m) Revenue (£m) 1,682 £772.2m £661.3m 889.1 2,521 866.4 1,360.6 1,353.0 825.8 1,301.5 2,301 2,290 756.8 2,109 1,145.0 661.3 1,682 772.2 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Pre-exceptional profit/ Profit/(loss) before tax Earnings/(loss) per share (loss) before tax (£m) (£m) (p) (£28.8m) (£40.7m) (28.9p) 114.0 114.0 109.3 109.3 105.6 105.6 96.0 96.0 33.8 32.2 33.7* 32.2 20.2 (28.8) (40.7) (28.9) 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 * 2017 pre-exceptional EPS Alternative Performance Measures This Annual Report and Financial Statements provides alternative performance measures (APMs) which are not defined or specified under the requirements of International Financial Reporting Standards. We believe these APMs provide readers with important additional information on our business. To support this, we have included an accounting policy note on APMs on page 115, a reconciliation of the APMs we use where relevant and a glossary on pages 154 to 155 indicating the APMs that we use, an explanation of how they are calculated and why we use them. -
Home Credit Slovakia, A.S
Home Credit Slovakia, a.s. Financial Statements for the year ended 31 December 2016 Translated from the Slovak original Home Credit Slovakia, a.s. Financial Statements for the year ended 31 December 2016 Contents Independent Auditor’s Report 3 Statement of Financial Position 6 Statement of Comprehensive Income 7 Statement of Changes in Equity 8 Statement of Cash Flows 9 Notes to the Financial Statements 10 - 2 - Home Credit Slovakia, a.s. Statement of Comprehensive Income for the year ended 31 December 2016 2016 2015 Note TEUR TEUR Interest income 14 12,286 9,309 Interest expense 14 (1,177) (1,072) Net interest income 11,109 8,237 Fee and commission income 15 4,933 5,501 Fee and commission expense 16 (6,932) (6,966) Net fee and commission expense (1,999) (1,465) Other operating income 17 10,159 20,697 Operating income 19,269 27,469 Impairment losses 18 (4,139) (3,550) General administrative expenses 19 (16,764) (17,144) Operating expenses (20,903) (20,694) Profit before tax (1,634) 6,775 Income tax expense 20 (256) (2,129) Net (loss)/profit for the year (1,890) 4,646 Total comprehensive income for the year (1,890) 4,646 - 7 - Home Credit Slovakia, a.s. Statement of Changes in Equity for the year ended 31 December 2016 Statutory Share Share reserve Retained capital premium fund earnings Total TEUR TEUR TEUR TEUR TEUR Balance as at 1 January 2016 18,821 - 3,765 6,181 28,767 Dividends to shareholders - - - (4,000) (4,000) Net loss for the year - - - (1,890) (1,890) Total comprehensive income - - - (1,890) (1,890) for the year Total changes - - - (5,890) (5,890) Balance as at 31 December 2016 18,821 - 3,765 291 22,877 Statutory Share Share reserve Retained capital premium fund earnings Total TEUR TEUR TEUR TEUR TEUR Balance as at 1 January 2015 18,821 - 3,765 5,535 28,121 Dividends to shareholders - - - (4,000) (4,000) Net profit for the year - - - 4,646 4,646 Total comprehensive income - - - 4,646 4,646 for the year Total changes - - - 646 646 Balance as at 31 December 2015 18,821 - 3,765 6,181 28,767 - 8 - Home Credit Slovakia, a.s. -
Announcement
Home Credit B.V., Strawinskylaan 933, Tower B Level 9, 1077 XX Amsterdam, Netherlands Tel.: +31 (0) 208 813 120, Fax: +31 (0) 208 813 129, E-mail: [email protected], Web: www.homecredit.eu The company is incorporated in the trade register of the Chamber of Commerce for Amsterdam under the file number 34126597. Announcement Home Credit B.V. acquires HC Asia N.V. for EUR 249 million Amsterdam, 11 July 2012: “Home Credit B.V.” today announces that it has acquired a 100% stake in “HC Asia N.V.” from “PPF Group N.V.”. The transaction is part of the PPF Group shareholders’ strategic intention to consolidate all Home Credit-branded companies gradually into one legal entity and reflects that in practice all Home Credit companies are managed as one Group. In connection with the deal, PPF Group N.V. increased the equity of Home Credit B.V. by the acquisition cost (i.e. EUR 249 million) through a capital contribution as a share premium on all shares. NOTES Home Credit B.V. is the holding company for Home Credit subsidiaries in CEE, Russia and CIS which operate in the consumer finance markets in the Czech Republic, Slovakia, Russia, Belarus, and through its minority ownership interest in Home Credit Bank JSC, the consumer finance business in Kazakhstan. Home Credit B.V. is 100% owned by PPF Group N.V. and its main activity is to manage, finance and invest in other companies. HC Asia N.V. is the holding company for Home Credit subsidiaries in Asia which operate in the consumer finance markets in China, India and Indonesia (under development). -
PPF Annual Report and Accounts 2017/18
Pension Protection Fund 2017/2018 Protecting people’s futures Annual Report & Accounts HC 1229 Pension Protection Fund Annual Report & Accounts 2017/18 3 Pension Protection Fund Annual Report & Accounts 2017/2018 Annual Report presented to Parliament pursuant to Section 119(5) of the Pensions Act 2004 and Accounts presented to Parliament pursuant to paragraph 22(6) (b) of Schedule 5 to the Pensions Act 2004. Ordered by the House of Commons to be printed on 12 July 2018. HC 1229 4 Pension Protection Fund Annual Report & Accounts 2017/18 5 Contents 01 Overview 6 Chair’s statement 8 02 Performance report 10 Chief Executive’s review 12 What we do 14 Strategic plan 16 Key measures 2017/18 17 Year in review 20 Excellent customer service 22 Funding strategy on track 24 Performance analysis 28 Securing the best outcome for members 30 Evolution of the Pension Protection Levy 34 Managing the risks we face 36 A great place to work 40 © Pension Protection Fund 2018 Giving something back 42 This publication is licensed under the terms of the Open Government General information 43 Licence v3.0 except where otherwise stated. To view this licence, visit Statement of going concern 45 nationalarchives.gov.uk/doc/open-government-licence/version/3 Where we have identified any third party copyright information you will need 03 Accountability report 46 to obtain permission from the copyright holders concerned. The Board of the Pension Protection Fund 48 This publication is available at www.gov.uk/government/publications Governance statement 52 Remuneration and staff report 68 Any enquiries regarding this publication can be referred to us at 0345 600 2541. -
ANNUAL REPORT of HOME CREDIT INDIA FINANCE PRIVATE LIMITED for the YEAR 2019-20 B S R & Associates LLP Chartered Accountants
ANNUAL REPORT OF HOME CREDIT INDIA FINANCE PRIVATE LIMITED FOR THE YEAR 2019-20 B S R & Associates LLP Chartered Accountants Building No. 10, 8th Floor, Tower-B Telephone: +91 124 719 1000 DLF Cyber City, Phase - II Fax: +91 124 235 8613 Gurugram - 122 002, India INDEPENDENT AUDITORS’ REPORT To the Members of Home Credit India Finance Private Limited Report on the Audit of the Financial Statements Opinion We have audited the financial statements of Home Credit India Finance Private Limited (“the Company”), which comprise the balance sheet as at 31 March 2020, and the statement of profit and loss (including other comprehensive income/(loss)), statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of the significant accounting policies and other explanatory information (hereinafter referred to as ‘financial statements’). In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2020, and net loss and other comprehensive income/(loss), changes in equity and its cash flows for the year ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. -
The Serbian Telecommunications Market Is the Latest Target of PPF
The Serbian telecommunications market is the latest target of PPF Branches within the PPF investment group are trying to enter telecommunications networks in Central and Eastern Europe or buy shares of the same, often aligning their goals with the interests of the government, writes Visegrad Insight. In Serbia, the business and investment conglomerate PPF has a strategy of harmonizing its business with the interests of the government, which gives PPF’s telecommunications company Telenor political and business advantages, according to Visegrad Insight. The Serbian opposition called on the founder of the PFF and the Czech billionaire Petar Kellner to withdraw from the activities that give the pro-government Telekom Srbija an advantage on the market and which violate EU norms. Telekom Srbija is managed by the people of the Serbian ruling party SNS, and that company is also present on the markets of Bosnia and Herzegovina, Kosovo and Montenegro. The latest news that the state-owned company has entered into a business partnership with PPF’s telecommunications network Telenor is another example of PPF’s long-term strategic approach in many ways. Under an arrangement called for by Telekom Srbija’s management in internal documents reported by Serbian N1 or Broadband TV News (Visegrad Insight also had access to documents), the Serbian state-owned operator would give Telenor access to telecommunications infrastructure to increase its own revenues and customer base. In the end, that would also mean that the market share of Telekom Srbija’s competitor, SBB, will be reduced to below 30 percent. The two companies have been in conflict for some time, but the mentioned plans are written in unambiguous language and are deliberately attacking SBB. -
Download Twenty Years of the Office for the Protection of Competition
Information Bulletin 2-3/2011 TWENTY YEARS 2-3 OF THE OFFICE FOR THE PROTECTION OF COMPETITION YEARS 20 YEARS OF THE OFFICE FOR THE PROTECTION OF COMPETITION OFFICE FOR THE PROTECTION OF COMPETITION tř. Kpt. Jaroše 7, 604 55 Brno, Czech Republic Editorial Board: Kristián Chalupa, Milena Marešová, Daniel Stankov, Martin Švanda Photographs: Archive of the Offi ce, European Union, Lubomír Stehlík, Aleš Špidla, Tomáš Vymětal Tel.: 542 167 288/243/258/225 Fax: 542 167 112 E-mail: [email protected] www.compet.cz Closing text: 22 September 2011 Design and Print: Tiskárna Kleinwächter, Frýdek-Místek, Czech Republic 2 INFORMATION BULLETIN 2-3/2011 CONTENT Twenty years according to the Chairman´s view ......................................................................................................................... 5 20 years of the Czech competition law ........................................................................................................................................ 7 The Offi ce for the Protection of Competition in dates ............................................................................................................ 11 International Cooperation .......................................................................................................................................................... 15 Overview of the Offi ce in the competition ............................................................................................................................... 19 Prohibited agreements ............................................................................................................................................... -
Annual Report 2019 Contents
We are PPF. Another year. Another annual report. Another set of figures. But PPF is more than just numbers and profits. PPF is the projects we have created. PPF is the markets we have developed. PPF is people. We are PPF. PPF PPF GROUP ANNUAL REPORT 2019 CONTENTS 4 PPF Group Annual Report 2019 6 42 64 HEUREKA Foreword Selected PPF Group Companies 65 10 CZECHTOLL 43 PPF Group PPF FINANCIAL HOLDINGS 66 O2 ARENA 11 44 GROUP PROFILE HOME CREDIT 68 12 46 Significant Events DESCRIPTION OF THE AIR BANK COMPANY PPF GROUP N.V. at PPF Group 48 12 PPF BANKA 72 SELECTED FINANCIAL Corporate Social HIGHLIGHTS OF PPF GROUP 50 PPF TELECOM GROUP Responsibility 13 and the Support SHAREHOLDERS 51 of Culture TELENOR CEE 20 52 78 Governing Bodies CETIN PPF Group 54 History 38 O2 CZECH REPUBLIC PPF Group Major 82 Assets 56 SOTIO Financial Section 58 ŠKODA TRANSPORTATION 204 Contacts 60 PPF REAL ESTATE HOLDING 62 PPF LIFE INSURANCE 63 MALL GROUP Contents 5 FOREWORD 6 PPF Group Annual Report 2019 Dear Friends, When I started doing business thirty years ago, one of my aims was to prove that we Czechs have what it takes Never in the existence of PPF has there been such a diver- to succeed in the world, to be among the very best. PPF gence between the world that our Annual Report describes managed to do that. We truly are a large global company. and the world in which it is being published. In 2019, the But we could never have conquered the world without world was thriving. -
Home-Credit-Annual-Report-2017.Pdf
Abridged Annual Report 2017 Annual Report Abridged Annual 2017 Home Credit B.V. World Trade Center Strawinskylaan 933 1077 XX Amsterdam Netherlands +31 0 208 813 120 [email protected] www.homecredit.net Home Credit International a.s. Evropska 2690/17 PO Box 177 160 41 Praha 6 Czech Republic +420 224 174 777 [email protected] www.homecredit.net Annual Report 2017 © Home Credit International a.s. 2018 Design and production: Dynamo design Table of Contents 1. Who we are 5 2. Chairman and CEO Introduction 6 3. Group Description 10 3.1. General Information 10 3.2. Group Business Model 10 3.3. Innovation 17 3.4. Sustainability 17 4. Group Milestones 19 4.1. History 19 4.2. The Group in 2017 21 4.3. Business policy and strategy for 2018 21 5. Group Shareholders, Management and Entities 24 5.1. Group Organizational Chart 24 5.2. Group Shareholders 26 5.3. Group Management 26 5.4. Significant Group entities 38 6. Consolidated financial information of the Company 53 3 4 1. Who we are Home Credit is a global consumer finance provider driven by state-of-the-art financial technology. Founded in 1997, we operate in a range of high growth markets across three continents. Our mission is to transform the way the world shops by making the things that matter most to our customers more affordable. In today’s fast-paced, digital world, we provide the financial enablers that make life comfortable, connected, and convenient. We practice financial inclusion. Over two decades, our consumer finance products have ensured that our customers, even first-time borrowers with no credit history, can afford things to make their lives better with access to simple and reliable credit. -
Conley KPII Interior V3 Czech
– 81 – Case Study Czech Republic Since the fourteenth century, the Czech Republic has been an important inter section between East and West. The country’s relationship with Russia dates back to the emergence of the panSlavic movement in the midnineteenth century, but these ties frayed in the early twentieth century following the collapse of the Russian Empire and Czechoslovakia’s independence in 1918. At the end of the Second World War, a So vietsupported communist coup in 1948 led to Czechoslovakia’s incorporation into the COMECON, an economic association of former Communist states, and the Warsaw Pact. The country remained a Soviet satellite until the 1989 Velvet Revolution (despite a brief and tragic period of reform in 1968, the Prague Spring, which was brutally repressed by the Soviet military). Following the fall of the Berlin Wall, the Czech Republic separated peacefully from the Slovak Republic in 1993. The country ultimately joined NATO in 1999 and the European Union in 2004, cementing its EuroAtlantic orientation. Yet, despite its almost halfcentury struggle against communism and aspiration for reform, the Czech Republic remains divided today: the government espouses a proWes tern foreign and security policy, while the country retains an active Communist Party and has elected successive Czech presidents who have been reluctant to embrace EuroAt lantic institutions and values. This, in turn, has made the Czech Republic a targetrich environment for Russian malign influence. This paradox has shaped Prague’s cautious and hesitant regional policy approach, such as its initial reluctance to recognize Kosovo’s independence in 2008 (Social Democrats and Communists were firmly opposed to it) or its generally ambivalent position on EUimposed sanctions against Russia.1 The Czech Republic’s governance standards have not substantially improved since its accession to EU membership, apart from the strengthening of judicial inde pendence and transparency. -
Your Guide to Benefits for Questions Or Assistance 24 Hours a Day, 365 Days a Year, Call the Benefit Administrator at 1-800-VISA-911 Or Call Collect Outside the U.S
Your Guide to Benefits For questions or assistance 24 hours a day, 365 days a year, call the Benefit Administrator at 1-800-VISA-911 or call collect outside the U.S. at 303-967-1096. The Visa toll-free numbers for calls from outside the United States can be found at the end of this Guide or online at https://usa.visa.com/dam/VCOM/download/personal/security/gcas_general_numbers.pdf For questions regarding your credit card account, log in to the My Home Credit mobile app, or call the number on the back of your card. Your Guide to Card Benefits (“Guide”) describes the benefits in effect as of 6/14/18. Benefit information in this guide replaces any prior benefit information you may have received. Please read and retain for your records. How do I know if I qualify for Visa Signature Benefits or Visa Classic Benefits? Check the lower right corner of your card. Match the Visa logo on your card with the Visa logos in the images below. This logo represents a Visa Signature This logo represents a Visa Classic Credit Card. Credit Card. Which benefits do I qualify for? Visa Visa Cardholder Benefit Signature Classic Auto Rental Collision Damage Waiver Roadside Dispatch Cardholder Inquiry Service Emergency Card & Cash Disbursement Lost & Stolen Card Assistance Travel & Emergency Services Signature Concierge Signature Perks Warranty Manager For your convenience, benefits exclusive to Visa Signature cardholders will be marked with S symbol. page 1 Auto Rental Collision Damage Waiver What is the Auto Rental Collision Damage Waiver (“Auto Rental CDW”) benefit? The Auto Rental Collision Damage Waiver (“Auto Rental CDW”) benefit offers insurance coverage for automobile rentals made with your Visa card.