Revizorski izvje{taj / Auditor's Report

44r

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Izvr{ili smo reviziju bilansa stanja Nove banke a.d. Bijeljina decembru 2003. godine Nova banka a.d. Bijeljina je

na dan 31. decembar 2003. godine i odgovaraju}eg bilansa dostavila Agenciji za bankarstvo Republike Srpske Plan

uspeha, izve{taja o promenama na kapitalu i rezervama i aktivnosti za svo|enje fiksne aktive u zakonom propisane

bilansa tokova gotovine za godinu koja se zavr{ila na taj okvire sa predlo`enim rokom usagla{avanja do 30.

dan. Za prikazane finansijske izve{taje odgovorno je septembra 2004. godine. Navedeni Plan aktivnosti odobren

rukovodstvo Banke. Na{a odgovornost je da izrazimo je od strane Agencije za bankarstvo Republike Srpske

mi{ljenje na osnovu revizije koju smo izvr{ili. Re{enjem br. 03-1355-2-2/2003 od 29. decembra 2003.

godine.Reviziju smo izvr{ili u skladu sa Me|unarodnim

standardima revizije. Ovi standardi nala`u da planiramo i b) Na dan 31. decembar 2003. godine Nova banka a.d.

izvr{imo reviziju na na~in koji omogu}ava da se, u Bijeljina je imala neuskla|enost ro~ne strukture aktive i

razumnoj meri, uverimo da ra~unovodstveni izve{taji ne pasive do 90 dana 15%, odnosno do 365 dana 20%, {to

sadr`e materijalno zna~ajne pogre{ne iskaze. Revizija predstavlja odstupanje u odnosu na pokazatelje propisane

uklju~uje ispitivanje dokaza, na osnovu provere uzoraka, Odlukom o minimalnim standardima za upravljanje rizikom

koji potkrepljuju iznose obelodanjene u finansijskim likvidnosti banaka. U cilju usagla{avanja ro~ne

izve{tajima. Revizija, tako|e, uklju~uje ocenu primenjenih uskla|enosti sa propisanom, Nova banka a.d. Bijeljina je

ra~unovodstvenih na~ela i zna~ajnih procena izvr{enih od izradila Akcioni plan za uskla|ivanje ro~nosti aktive i

strane rukovodstva, kao i sveukupnu ocenu op{te pasive, koji je odobren od strane Agencije za bankarstvo

prezentacije finansijskih izve{taja. Smatramo da revizija Republike Srpske Re{enjem br. 03-1355-2-6/2003 od 29.

koju smo izvr{ili obezbe|uje razumnu osnovu za na{e decembra 2003. godine.

mi{ljenje.Informacije prezentovane u delu Prilozi uz izve{taj o

Po na{em mi{ljenju, finansijski izve{taji istinito i ekonomsko-finansijskoj reviziji, date su u svrhe dodatnih

objektivno, po svim materijalno zna~ajnim aspektima, analiza, koje su propisane Odlukom Agencije za bankarstvo

prikazuju finansijsko stanje Nove banke a.d. Bijeljina na Republike Srpske o minimumu obima, oblika i sadr`aja

dan 31. decembar 2003. godine, rezultate njenog programa i izve{taja o ekonomsko-finansijskoj reviziji

poslovanja, promene na kapitalu i rezervama i tokove banaka i nisu sastavni deo finansijskih izve{taja Nove

gotovine za godinu koja se zavr{ila na taj dan, u skladu sa Banke a.d. Bijeljina. Prezentovane finansijske informacije

ra~unovodstvenim propisima Republike Srpske. bile su predmet na{e pa`nje u toku revizije i primenjenih

revizorskih procedura, i po na{em mi{ljenju, date analize Bez kvalifikovanja mi{ljenja skre}emo pa`nju na slede}e:

objektivno prezentuju, po svim materijalno zna~ajnim a) Na dan 31. decembar 2003. godine ulaganja Nove banke aspektima, vezu sa finansijskim izve{tajima uzetim u celini.a.d. Bijeljina u stalna sredstva su za 20% vi{a od minimuma

propisanog Zakonom o bankama Republike Srpske. U

Upravnom odboru i akcionarima Nove Banke A.D. Bijeljina

Bijeljina, 23. mart 2004. godine

Za Ernst & Young d.o.o.

Mi}o Vukovi},Ovla{}eni revizor

Mirjana Kova~evi}Ovla{}eni revizor

Za Arfi d.o.o. Bijeljina

45

au

di

to

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r

ep

or

t

We have audited the accompanying balance sheet of Nova submitted to the Banking Agency of Republika Srpska an

banka a.d. Bijeljina as of 31 December 2003, and the related Activity plan for bringing the fixed assets within the scope

statements of income, changes in shareholders' equity and prescribed by the Law, with a proposed deadline for

cash flows for the year then ended. The financial statements reconciliation being 30 September 2004. The

are the responsibility of the Bank's management. Our aforementioned Activity plan was approved by the Banking

responsibility is to express an opinion on these financial Agency of Republika Srpska by a Decision No. 03-1355-2-

statements based on our audit. 2/2003 dated 29 December 2003.

We conducted our audit in accordance with International b) As of 31 December 2003, Nova banka a.d. Bijeljina had a

Standards on Auditing. Those standards require that we mismatching of 15% in maturity structure of assets and

plan and perform the audits to obtain reasonable assurance liabilities up to 90 days, i.e. 20% up to 365 days, which

about whether the financial statements are free of material represents a deviation in respect of indicators prescribed by

misstatement. An audit includes examining, on a test basis, the Decision on minimal standards for management of

evidence supporting the amounts and disclosures in the liquidity risk of banks. In order to reconcile the maturity

financial statements. An audit also includes assessing the structure with the regulations, Nova banka a.d. Bijeljina

accounting principles used and significant estimates made prepared an Action plan for reconciliation of assets and

by management, as well as evaluating the overall financial liabilities' maturity, which was approved by the Banking

statement presentation. We believe that our audit provides a Agency of Republika Srpska by a Decision No. 03-1355-2-

reasonable basis for our opinion. 6/2003 dated 29 December 2003.

In our opinion, the financial statements referred to above Information presented in Appendices to the Auditor's

present fairly, in all material respects, the financial position Report are disclosed for the purpose of additional analyses,

of Nova banka a.d. Bijeljina as of 31 December 2003, and prescribed by the Decision of the Banking Agency of

the results of its operations and its cash lows for the year Republika Srpska on the minimum scope, form and

then ended, in accordance with accounting principles of the contents of the programme and report on audit of financial

Republika Srpska. statements of banks, and do not form an integral part of the

financial statements of Nova banka a.d. Bijeljina. Disclosed Without qualifying our opinion, we draw attention to the

financial information were subject of our attention during following:

the audit and applied audit procedures, and in our opinion, a) As of 31 December 2003, Nova banka a.d. Bijeljina's

the analyses present fairly, in all material respects, the investments in fixed assets are 20% higher than the

relation with financial statements as a whole.minimum prescribed by the Law on banks of the Republika

Srpska. In December 2003, Nova banka a.d. Bijeljina

To the Board of Directors and Shareholders of Nova Banka a.d. Bijeljina

Bijeljina, 23 march 2004

Mi}o Vukovi},Authorised AuditorMi}o Vukovi},

On behalf of Ernst & Young d.o.o.

Mirjana Kova~evi}Authorised Auditor

On behalf of Arfi d.o.o. Bijeljina

u hiljadama KM

Prihodi od kamata i sli~ni prihodi

Rashodi kamata i sli~ni rashodi

Poslovni i direktni rashodi

Operativni rashodi

Porezi

Napomene od 1 do 23 ~ine sastavni deo finansijskih izve{taja.

Napomena

5

5

6

7

8

9

2003

8.117

(1.270)

6.847

2003

8.117

(1.270)

6.847

14.42914.429

2.8402.840

(4.688)

(13.748)

(18.436)

(4.688)

(13.748)

(18.436)

(205)(205)

2.6352.635

2002

5.729

(868)

4.861

2002

5.729

(868)

4.861

12.23312.233

2.3392.339

(4.079)

(10.676)

(14.755)

(4.079)

(10.676)

(14.755)

(94)(94)

2.2452.245

NETO KAMATA I SLI^NI PRIHODI

NETO DOBIT

OPERATIVNI PRIHODI

NEKAMATONOSNI RASHODI

DOBIT PRE OPOREZIVANJA

b i l a n s u s p e h a

rev i zorsk i i zve{ ta j / 46

aud i tor 's repor t / 47

in thousands of BAM

Interest income and similar income

Interest expenses and similar expenses

Operating and direct expenses

Operating expenses

Taxes

The notes 1 to 23 form an integral part of these financial statements.

Note

5

5

6

7

8

9

2003

8.117

(1.270)

6.847

2003

8.117

(1.270)

6.847

14.42914.429

2.8402.840

(4.688)

(13.748)

(18.436)

(4.688)

(13.748)

(18.436)

(205)(205)

2.6352.635

2002

5.729

(868)

4.861

2002

5.729

(868)

4.861

12.23312.233

2.3392.339

(4.079)

(10.676)

(14.755)

(4.079)

(10.676)

(14.755)

(94)(94)

2.2452.245

NET INTEREST INCOME AND SIMILAR INCOME

NET PROFIT

OPERATING INCOME

NON-INTEREST BEARING EXPENSES

PROFIT BEFORE TAXATION

i n c o m e s t a t e m e n t

rev i zorsk i i zve{ ta j / 48

u hiljadama KM

Nov~ana sredstva i ra~uni depozita kod depozitnih institucija

Plasmani drugim bankama

Krediti i dospela potra`ivanja

Hartije od vrednosti koje se dr`e do dospe}a

Poslovni prostor i ostala fiksna aktiva

Investicije u nekonsolidovana povezana preduze}a

Ostala aktiva

Rezerve na stavke rizi~ne bilansne aktive

Depoziti

Obaveze po uzetim kreditima

Subordinirane obaveze

Ostale obaveze

Rezerve na stavke rizi~ne vanbilansne aktive

Akcionarski kapital - obi~ne akcije

Akcionarski kapital - prioritetne akcije

Neraspore|ena dobit

Rezerve kapitala

Vanbilansne pozicije

Napomene od 1 do 23 ~ine sastavni deo finansijskih izve{taja.

Bijeljina 23. mart 2004. godine U ime Nove Banke a.d. Bijeljina

Milorad And`i}Generalni Direktor

Napomena

10

11

12

13

14

15

16

17

18

19

15

20

20

20

20

21

31.12.03.

44.561

130

78.342

-

12.875

3.171

4.724

(4.549)

139.254

31.12.03.

44.561

130

78.342

-

12.875

3.171

4.724

(4.549)

139.254

103.960

8.024

1.898

3.340

367

117.589

103.960

8.024

1.898

3.340

367

117.589

15.00115.001

2.0002.000

2.6352.635

2.0292.029

48.43448.434

21.66521.665

139.254139.254

31.12.02.

17.342

136

43.621

161

4.912

1.940

3.300

(1.436)

69.976

31.12.02.

17.342

136

43.621

161

4.912

1.940

3.300

(1.436)

69.976

53.148

1.696

-

1.248

246

56.338

53.148

1.696

-

1.248

246

56.338

11.38811.388

--

2.2482.248

22

22.35322.353

13.63813.638

69.97669.976

AKTIVA

PASIVA

Obaveze

Kapital

Ukupne obaveze

Ukupan kapital

UKUPNE OBAVEZE I KAPITAL

UKUPNA AKTIVA

b i l a n s s t a n j a

aud i tor 's repor t / 49

in thousands of BAM

Cash and deposit accounts

Due from other banks

Loans and overdue receivables

Securities held-to-maturity

Business premises and other fixed assets

Investments in non-consolidated related parties

Other assets

Provision for risk-bearing balance sheet assets

Deposits

Borrowings

Subordinated liabilities

Other liabilities

Provision for risk-bearing off-balance sheet assets

Share capital - ordinary shares

Share capital - priority shares

Reatined earnings

Capital reserves

Off-balance sheet items

Note

10

11

12

13

14

15

16

17

18

19

15

20

20

20

20

21

31.12.03.

44.561

130

78.342

-

12.875

3.171

4.724

(4.549)

139.254

31.12.03.

44.561

130

78.342

-

12.875

3.171

4.724

(4.549)

139.254

103.960

8.024

1.898

3.340

367

117.589

103.960

8.024

1.898

3.340

367

117.589

15.00115.001

2.0002.000

2.6352.635

2.0292.029

48.43448.434

21.66521.665

139.254139.254

31.12.02.

17.342

136

43.621

161

4.912

1.940

3.300

(1.436)

69.976

31.12.02.

17.342

136

43.621

161

4.912

1.940

3.300

(1.436)

69.976

53.148

1.696

-

1.248

246

56.338

53.148

1.696

-

1.248

246

56.338

11.38811.388

--

2.2482.248

22

22.35322.353

13.63813.638

69.97669.976

ASSETS

SHAREHOLDERS' EQUITY AND LIABILITIES

Liabilities

Shareholders' equity

Total liabilities

Total shareholders' equity

TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES

TOTAL ASSETS

b a l a n c e s h e e t

The notes 1 to 23 form an integral part of these financial statements.

Bijeljina, 23 march 2004 On behalf of Nova Banka a.d. Bijeljina

General Director

Milorad And`i}

rev i zorsk i i zve{ ta j / 50

u hiljadama KM

Stanje na dan 01.01. teku}e godineStanje na dan 01.01. teku}e godine

Stanje na dan 01.01. teku}e godineStanje na dan 01.01. teku}e godine

Uplate po osnovu IV emisije

Uplata po osnovu VII emisije

Uplate po osnovu V emisije

Stanje na dan 31.12. teku}e godineStanje na dan 31.12. teku}e godine

Pripajanje Agroprom banke a.d. Banja Luka

Stanje na dan 31.12. teku}e godineStanje na dan 31.12. teku}e godine

Stanje na dan 01.01. teku}e godineStanje na dan 01.01. teku}e godine

Pripajanje Agroprom banke a.d. Banja Luka

Isplata dividende

Stanje na dan 31.12. teku}e godineStanje na dan 31.12. teku}e godine

Stanje na dan 01.01. teku}e godineStanje na dan 01.01. teku}e godine

Isplata dividende

Obaveza za porez po kona~nom re{enju nadle`nog poreskog organa

Dobit teku}e godine

Stanje na dan 31.12. teku}e godineStanje na dan 31.12. teku}e godine

Stanje na dan 01.01. teku}e godineStanje na dan 01.01. teku}e godine

Stanje na dan 31.12. teku}e godineStanje na dan 31.12. teku}e godine

Napomene od 1 do 23 ~ine sastavni deo finansijskih izve{taja.

Napomena

1, 20

20

1, 20

20

20

20032003

11.38811.388

--

--

2.0002.000

--

2.0002.000

3.6133.613

22

2.011

16

2.029

2.011

16

2.029

2.2482.248

(2.245)(2.245)

(3)(3)

2.6352.635

2.6352.635

13.63813.638

21.66521.665

15.00115.001

20022002

10.93810.938

--

--

--

450450

--

--

22

-

-

2

-

-

2

1.4531.453

(1.423)(1.423)

(27)(27)

2.2452.245

2.2482.248

12.39312.393

13.63813.638

11.38811.388

Akcionarski kapital - obi~ne akcije

Akcionarski kapital - prioritetne akcije

Rezerve kapitala

Neraspore|ena dobit

p r o m e n e n a k a p i t a l u i r e z e r v a m a

aud i tor 's repor t / 51

in thousands of BAM

Balance at 1 JanuaryBalance at 1 January

thPayments in respect of 4 issue of shares

thPayments in respect of 5 issue of shares

Acquisition of Agroprom banka a.d. Banja Luka

Balance at 31 DecemberBalance at 31 December

Balance at 1 JanuaryBalance at 1 January

thPayments in respect of 5 issue of shares

Balance at 31 DecemberBalance at 31 December

Balance at 1 JanuaryBalance at 1 January

Balance at 1 JanuaryBalance at 1 January

Dividends paid

Tax liability in respect of the final Decision of the Tax Authorities

Profit for the year

Balance at 31 DecemberBalance at 31 December

Balance at 1 JanuaryBalance at 1 January

Balance at 31 DecemberBalance at 31 December

Acquisition of Agroprom banka a.d. Banja Luka

Dividends paid

Balance at 31 DecemberBalance at 31 December

The notes 1 to 23 form an integral part of these financial statements.

Note

1, 20

20

1, 20

20

20

20032003

11.38811.388

--

--

--

2.0002.000

2.0002.000

2

2.011

16

2.029

2

2.029

2.011

16

2.2482.248

(2.245)(2.245)

(3)(3)

2.6352.635

2.6352.635

13.34813.348

21.66521.665

3.6133.613

15.00115.001

20022002

10.93810.938

--

450450

--

--

--

2

-

-

2

2

2

-

-

1.4531.453

(1.423)(1.423)

(27)(27)

2.2452.245

2.2482.248

12.39312.393

13.63813.638

--

11.38811.388

Share capital - ordinary shares

Share capital - priority shares

Capital reserves

Retained earnings

s t a t e m e n t o n c h a n g e s i n e q u i t y

rev i zorsk i i zve{ ta j / 52

Napomene od 1 do 23 ~ine sastavni deo finasijskih izve{taja.

u hiljadama KM

Primci kamata, naknada i provizija po kreditima

Isplate kamata

Naplate po potra`ivanjima koji su ranije otpisani

Nov~ane isplate zaposlenima i dobavlja~ima

Isplate po vanbilansnim ugovorima

Primici i isplate po vanbilansnim stavkama

Nov~ane pozajmice, krediti datim klijentima i naplata istih

Depoziti klijenata

Pla}eni porez na dobit

Neto nov~ana sredstva iz poslovnih aktivnostiNeto nov~ana sredstva iz poslovnih aktivnosti

Kratkoro~ni plasmani finansijskim institucijama

Ulaganja u hartije od vrednosti

(Kupovina)/prodaja nematerijalne aktive

(Kupovina)/prodaja materijalne aktive

(Kupovina)/prodaja drugih ulaganja

Krediti (povrat kredita) drugim povezanim preduze}ima

Neto nov~ana sredstva iz ulaga~kih aktivnostiNeto nov~ana sredstva iz ulaga~kih aktivnosti

Primici od izdavanja akcija

Isplata dividendi

Uzete pozajmice

Povrat pozajmica

Neto nov~ana sredstva od finansijskih aktivnostiNeto nov~ana sredstva od finansijskih aktivnosti

Korekcija po~etnog stanja - preuzimanje nov~anih sredstava Agroprom Banke a.d. BL

Napomena

6

11

20

20

10

10

20032003

16.280

(1.238)

532

(12.358)

-

-

(18.443)

46.365

(91)

31.047

16.280

(1.238)

532

(12.358)

-

-

(18.443)

46.365

(91)

31.047

(43)

(44)

(516)

(1.966)

(2.895)

(597)

(6.061)

(43)

(44)

(516)

(1.966)

(2.895)

(597)

(6.061)

2.0002.000

(2.245)(2.245)

1.2541.254

(200)(200)

809809

25.79525.795

17.34217.342

1.4241.424

44.56144.561

20022002

13.352

(631)

603

(6.850)

(75)

(284)

(21.086)

7.852

(158)

(7.277)

13.352

(631)

603

(6.850)

(75)

(284)

(21.086)

7.852

(158)

(7.277)

(1.306)

(161)

(494)

(1.804)

(1.626)

3.689

(1.702)

(1.306)

(161)

(494)

(1.804)

(1.626)

3.689

(1.702)

450450

(1.423)(1.423)

--

--

(973)(973)

--

(9.952)(9.952)

27.29427.294

17.34217.342

NOV^ANI TOKOVI IZ POSLOVNIH AKTIVNOSTI

NOV^ANI TOKOVI IZ ULAGA^KIH AKTIVNOSTI

NOV^ANI TOKOVI OD FINANSIJSKIH AKTIVNOSTI

NETO PORAST NS I NE

NS I NE NA PO^ETKU PERIODA

NS I NE NA KRAJU PERIODA

b i l a n s n o v ~ a n i h t o k o v a

aud i tor 's repor t / 53

The notes 1 to 23 form an integral part of these financial statements.

in thousands of BAM

Interest, fees and commission inflows

Interest paid

Recovered written-off receivables

Payments to employees and suppliers

Payments in respect of off-balance sheet contracts

Inflows and outflows in respect of off-balance sheet items

Cash borrowins, loans to customers and repayment of loans

Customers deposits

Income tax paid

Net cash from operating activities

Short-term placements to financial institutions

Investments in securities

(Purchase)/sale of intangible assets

(Purchase)/sale of tangible assets

(Purchase)/sale of other investments

Loans (repayment of loans) to other related parties

Net cash assets from investment activities

Inflow from issue of shares

Dividend paid

Borrowings

Repayment of borrowings

Net cash from financial activities

Adjustment to the opening balance - takeover of cash from Agroprom banka a.d. BL

Note

6

11

20

20

10

10

20032003

16.280

(1.238)

532

(12.358)

-

-

(18.443)

46.365

(91)

31.047

16.280

(1.238)

532

(12.358)

-

-

(18.443)

46.365

(91)

31.047

(43)

(44)

(516)

(1.966)

(2.895)

(597)

(6.061)

(43)

(44)

(516)

(1.966)

(2.895)

(597)

(6.061)

2.000

(2.245)

1.254

(200)

809

2.000

(2.245)

1.254

(200)

809

25.79525.795

17.34217.342

1.4241.424

44.56144.561

20022002

13.352

(631)

603

(6.850)

(75)

(284)

(21.086)

7.852

(158)

(7.277)

13.352

(631)

603

(6.850)

(75)

(284)

(21.086)

7.852

(158)

(7.277)

(1.306)

(161)

(494)

(1.804)

(1.626)

3.689

(1.702)

(1.306)

(161)

(494)

(1.804)

(1.626)

3.689

(1.702)

450

(1.423)

-

-

(973)

450

(1.423)

-

-

(973)

(9.952)(9.952)

27.29427.294

--

17.34217.342

CASH FLOWS FROM OPERATING ACTIVITIES

CASH FLOWS FROM INVESTMENT ACTIVITIES

CASH FLOWS FROM FINANCIAL ACTIVITIES

NET INCREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIV. AT THE BEGINNING OF THE PERIOD

CASH AND CASH EQUIVALENTS AT THE END OF YEAR

c a s h f l o w s t a t e m e n t

Nova banka a.d.Bijeljina (u daljem tekstu: Banka) je pravni sledbenik Eksim Banke a.d. Bijeljina osnovane shodno

Odluci o osnivanju Banke u oktobru 1992. godine i upisane u sudski registar Re{enjem Osnovnog suda u Bijeljini broj

Fi.-292/92 u novembru iste godine. Re{enjem Osnovnog suda u Bijeljini broj Fi.-352/94 iz jula 1994. godine izvr{ena

je promena naziva Banke u Eksport-import banku a.d. Bijeljina, dok je Re{enjem Osnovnog suda u Bijeljini broj Fi.-

598/99 od 17.06.1999. godine izvr{en upis promene naziva Banke u Novu Banku a.d. Bijeljina.

Agencija za bankarstvo Republike Srpske izdala je Banci 07.06.2000. godine Re{enje o izdavanju dozvole za

obavljanje bankarskih poslova broj 05-452-5/200, Re{enje broj 05-683-2/2000 (od 09.06.2000. godine) za

obavljanje unutra{njeg platnog prometa za transakcije niskog nivoa rizika i Re{enje br.05-684-6/2000 (od

14.07.2000.godine) za obavljanje unutra{njeg platnog prometa za transakcije srednjeg nivoa rizika.

U decembru 2002. godine, Skup{tina Banke je donela odluku o statusnoj promeni preuzimanje Agroprom banke a.d.

Banja Luka.

Preuzimanjem Agroprom banke a.d. Banja Luka ukupan akcionarski kapital sa stanjem na dan 01.01.2003. godine

Banke pove}an je sa KM 11.388 hiljada na KM 15.001 hiljada. Izvr{ena statusna promena i pove}anje akcionarskog

kapitala Banke registrovani su u Osnovnom sudu u Bijeljini dana 31.12.2002. godine.

Od 01.01.2003. godine Agroprom banka a.d. Banja Luka posluje u sastavu Banke, kao filijala Banja Luka, a finansijski

izve{taji Banke obuhvataju konsolidovana po~etna stanja knjigovodstvenih pozicija Banke i Agroprom Banke a.d.

Banja Luka.

Osnovne aktivnosti Banke predstavljaju depozitni poslovi, kreditni poslovi sa pravnim i fizi~kim licima, izdavanje

garancija i poslovi platnog prometa u zemlji i inostranstvu.

Banka posluje preko Centrale sa sedi{tem u Bijeljini i 11 filijala koje su locirane u Bijeljini, Banja Luci, Srpskom

Sarajevu, Zvorniku, Br~kom, Trebinju, Doboju, Sarajevu, Srbinju, Ljubu{ki i Tuzli.

Poslovi Banke podeljeni su po odeljenjima i sektorima.

Na dan 31.12.2003. godine Banka je imala 297 radnika (31.12.2002.godine 231 radnik).

^lanom 90. stav 3. Zakona o bankama Republike Srpske, odnosno Odlukom o minimalnim standardima za upravljanje

kapitalom banaka, propisan je minimalni koeficijent adekvatnosti kapitala od 12% i na~in obra~una istog. Na dan

31.12.2003. godine, koeficijent adekvatnosti kapitala Banke iznosio je 20,49% (31.12.2002. godine - 19,55%).

Nov~ani deo akcionarskog kapitala Banke iznosi KM 17.001 hiljada i isti je usagla{en sa minimalnim iznosom

nov~anog dela akcionarskog kapitala propisanog Zakonom o bankama Republike Srpske od KM 15.000 hiljada.

napomena 1

napomena 2

Osnovne informacije

Kapital i adekvatnost kapitala

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Nova Banka a.d., Bijeljina (hereinafter referred to as: the Bank) is the legal successor of Eksim Banka a.d., Bijeljina,

established by the Decision on Establishment of the Bank from October 1992, and registered with the Court Register by

the Decision of the Commercial Court in Bijeljina No. Fi.-292/92 from November of the same year. Pursuant to the

Decision of the Commercial Court in Bijeljina No. Fi.-352/94 from July 1994, the Bank has changed its name to

Eksport-Import banka a.d., Bijeljina, and as per the Decision of the Commercial Court in Bijeljina No. Fi.-598/99 (from

June 17, 1999), the Bank officially recorded the change of its name into Nova banka a.d., Bijeljina.

On 7 June 2002, the Banking Agency of Republika Srpska issued to the Bank a decision on performing banking

activities no, 05-452-5/200, a decision on carrying out domestic traffic payment operations for low risk transactions

no, 05-683-2/2000 dated 09 June 2000, as well as a decision no 05-684-6/2000 dated 14 July 2000 on carrying out

domestic traffic payment operations for medium risk transactions.

In December 2002, the Bank's Assembly brought a Decision on the status change by acquisition of Agroprom banka

a.d. Banja Luka.

By taking over Agroprom banka a.d. Banja Luka, the total share capital of the Bank at 1 January 2003, was increased

from CM 11.388 thousand to CM 15.001 thousand. The executed status change and increase of the Bank's share

capital were registered In the Commercial Court in Bijeljina as of 31 December 2002.

As of 1 January 2003, Agroprom banka a.d. Banja Luka operates as the Bank's branch in Banja Luka, and the financial

statements of the Bank include the consolidated opening balances of the Bank and Agroprom banka a.d. Banja Luka.

The Bank's main activities include deposits, loan activities with legal entities and individuals, issuing of guarantees

and payment transaction services in the country and abroad.

The Bank operates through its Headquarter in Bijeljina and 11 braches located in Bijeljina, Banja Luka, Srpsko

Sarajevo, Zvornik, Br~ko, Trebinje, Doboj, Sarajevo, Srbinje, Ljubu{ka and Tuzla.

The Bank's operations are organised in departments and sectors.

As of 31 December 2003, the Bank had 297 employees (31 December 2002 231 employees).

Pursuant to the Article 90, paragraph of the Law on Banks of the Republika Srpska, i.e. the Decision on minimum

standards for managing the banks equity, the minimal prescribed capital adequacy ratio is 12%. The aforementioned

Decision also prescribes the method of calculating the capital adequacy ratio. As of 31 December 2003, the Bank's

capital adequacy ratio was 20,49% (31 December 2002 - 19,55%).

The Bank's monetary share capital amounts to CM 17.001 thousand and it is reconciled with the minimal monetary

share capital prescribed by the Law on banks of Republika Srpska, amounting to CM 15.000 thousand.

note 1

note 2

General Information

Capital Adequacy

Saglasno Zakonu o ra~unovodstvu Republike Srpske, poslovne knjige i finansijski izve{taji se sastavljaju u skladu sa

ra~unovodstvenim standardima koji se uskla|uju sa Me|unarodnim ra~unovodstvenim standardima (MRS).

Na osnovu Zakona o ra~unovodstvu Republike Srpske, Izvr{ni odbor Saveza ra~unovo|a i revizora Republike Srpske

je do 31.12.2003. godine aktivirao sledeæe ra~unovodstvene standarde, ~ija je primena obavezuju}a prilikom

sastavljanja finansijskih izve{taja za godinu koja se zavr{ava na dan 31.12.2003.godine:

Pored pomenutih standarda Izvr{ni odbor Saveza ra~unovo|a i revizora Republike Srpske je doneo Privremene

ra~unovodstvene standarde koji }e se primenjivati do potpune primene svih ra~unovodstvenih standarda koji su u

potpunosti usagla{eni sa Me|unarodnim ra~unovodstvenim standardima. Glavna odstupanja privremenih

ra~unovodstvenih standarda u odnosu na Me|unarodne ra~unovodstvene standarde su:

Porez na dobit se utvr|uje na osnovu lokalnih poreskih propisa koji ne poznaju privremene razlike i shodno tome ne

priznaju razgrani~enja potra`ivanja niti razgrani~ene obaveze po osnovu poreza na dobit. Ova ra~unovodstvena

politika nije u skladu sa RS RS 12 - Porez na dobit.

Kako ne postoji dovoljno tr`i{no iskustvo, stabilnost i likvidnost kod kupovine i prodaje kredita i ostale finansijske

aktive ili pasive, a zvani~ne tr`i{ne informacije nisu u svakom trenutku raspolo`ive, nisu primenjeni MRS 32

Finansijski instrumenti: Obelodanjivanje i prikazivanje i RS RS 39- Finansijski instrumenti: Priznavanje i

odmeravanje.

Rezervisanje po osnovu nenaplativih potra`ivanja za kredite, kamate i naknade nije odbijeno od ukupnog iznosa

odgovaraju}ih sredstava, ve} je prikazano u okviru pozicije rezerva za potencijalne kreditne i druge gubitke. Ova

ra~unovodstvena politika nije u skladu sa RS RS 30 - Obelodanjivanje u finansijskim izve{tajima banaka i sli~nih

finansijskih institucija.

napomena 3Osnova za sastavljanje finansijskih izve{taja

· RS RS 1 Predstavljanje - prezentacija finansijskih izve{taja· RS RS 2 Zalihe· RS RS 4 Amortizacija· RS RS 7 Izve{taj o nov~anim tokovima· RS RS 8 Neto dobitak ili gubitak perioda, osnovne gre{ke i promene ra~unovodstvenih politika· RS RS 10 Doga|aji nakon dana bilansiranja· RS RS 14 Izve{tavanje po segmentima· RS RS 16 Nekretnine, postrojenja i oprema· RS RS 17 Lizing· RS RS 18 Prihodi· RS RS 20 Ra~unovodstvo dr`avnih donacija i obelodanjivanje dr`avne pomo}i· RS RS 22 Poslovne kombinacije· RS RS 23 Tro{kovi pozajmljivanja· RS RS 24 Obelodanjivanje o povezanim stranama· RS RS 36 Imparitet-obezvre|enje sredstava · RS RS 37 Rezervisanja, potencijalne obaveze i potencijalna sredstva· RS RS 38 Nematerijalna - neopipljiva sredstva

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In accordance with the Law on Accounting of Republika Srpska, the Bank's books and financial statements are

prepared in accordance with accounting standards that are reconciled with International Financial Reporting

Standards (IFRS).

According to the Law on accounting of Republika Srpska, the Executive Board of the Association of Accountants and

Auditors in Republika Srpska, has activated the following accounting standards as from 31 December 2003, whose

application is mandatory for preparation of financial statements for the year ended 31 December 2003:

Apart from the aforementioned standards, the Executive Board of the Association of Accountants and Auditors of

Republika Srpska has brought Temporary Accounting Standards that are to be applied untill the full implementation of

accounting standards that are reconciled with IFRS in full. The main deviations of the Temporary Accounting

Standards compared to IFRS are:

Income tax is determined according to the local tax regulations that do not recognise temporary differences, and

accordingly, no deferred income tax assets and liabilities are recognised. This accounting policy is not in accordance

with RS RS 12 Income Taxes.

Due to insufficient market experience, stability and liquidity at purchase and sale of loans and other financial assets or

liabilities, as well as the fact that official market information are not available at every moment, IAS 32 Financial

Instruments: Disclosure and Presentation as well as RS RS 39 Financial Instruments: Recognition and Measurement,

have not been applied.

Provision for bad and doubtful loans, interests and fees and commissions have not been deducted from the total

amount of related assets, but it is disclosed as Provision for possible loan losses and other losses. This accounting

policy is not in accordance with RS RS 30 Disclosures in the Financial Statements of Banks and Similar Financial

Institutions.

note 3Basis For Preparation Of The Financial Statements

· RS RS 1 Presentation of Financial Statements· RS RS 2 Inventories· RS RS 4 Depreciation· RS RS 7 Cash Flow Statements· RS RS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies· RS RS 10 Events After the Balance Sheet Date· RS RS 14 Segment Reporting· RS RS 16 Property, Plant and Equipment· RS RS 17 Leases· RS RS 18 Revenue· RS RS 20 Accounting for Government Grants and Disclosure of Government Assistance· RS RS 22 Business Combinations· RS RS 23 Borrowing Cost· RS RS 24 Related Party Disclosures· RS RS 36 Impairment of Assets · RS RS 37 Provisions, Contingent Liabilities and Contingent Assets· RS RS 38 Intangible Assets

Prihodi i rashodi od kamata se u bilansu uspeha evidentiraju u periodu na koji se odnose, u skladu sa na~elom

uzro~nosti prihoda i rashoda i uslovima iz obligacionog odnosa, koji su definisani ugovorom izme|u Banke i

komitenta.

U skladu sa Odlukom o upravljanju kreditnim rizikom Banka je du`na da suspenduje ve} obra~unatu nenapla}enu

kamatu i obustavi dalji obra~un kamate po nekvalitetnoj aktivi (kategorije C, D i E) odnosno da obra~un kasnije

dospele kamate po istom osnovu vodi u svojim vanbilansnim evidencijama. Na dan 31.12.2003.godine Banka je

suspendovala kamatu za sve komitente klasifikovane u nekvalitetnu aktivu.

Prihodi od naknada sadr`e naknade po osnovu obavljanja poslova platnog prometa sa inostranstvom, naknade po

osnovu obavljanja unutra{njeg platnog prometa i druge vrste naknada za izvr{ene bankarske usluge.

Transakcije u stranoj valuti prera~unavaju se u KM po kursu na dan transakcije.

Sredstva i obaveze iskazane u stranoj valuti prera~unate su u KM po zvani~nom kursu koji je va`io na dan bilansa

stanja. Kursne razlike nastale kao rezultat prera~unavanja iskazane su u bilansu uspeha kao pozitivne i negativne

kursne razlike.

Na dan bilansa stanja krediti su prikazani po nominalnoj vrednosti glavnice umanjene za otpisana potra`ivanja.

Otpis potra`ivanja vr{i se za potra`ivanja klasifikovana u kategoriju E, odnosno za koje Banka oceni da su nenaplativa

(Napomena 4d).

U skladu sa Odlukom o minimalnim standardima za upravljanje kreditnim rizikom i klasifikaciju aktive banaka, Banka

obra~unava i u poslovnim knjigama evidentira rezervisanje za potencijalne kreditne i druge gubitke.

Rezervisanje za potencijalne kreditne i druge gubitke zasnovano je na oceni rizika plasmana po kreditima, kamatama i

naknadama, kao i oceni rizika po osnovu ostale rizi~ne bilansne aktive i vanbilansnih pozicija.

U proceni ukupne izlo`enosti kreditnom riziku, Banka uzima u obzir slede}e faktore:

- Analiza prethodnog iskustva vezanog za servisiranje obaveza;

- Procena finansijskog polo`aja komitenta;

- Procena vrednosti instrumenata obezbe|enja naplate.

U zavisnosti od stepena procene rizika, bilansna potra`ivanja i vanbilansne pozicije klasifikuju se u slede}e kategorije:

- Kategorija A - Dobra aktiva

- Kategorija B - Aktiva sa posebnom namenom

- Kategorija C - Substandardna aktiva

- Kategorija D - Sumnjiva aktiva i

- Kategorija E - Gubitak.

napomena 4Pregled osnovnih ra~unovodstvenih politika

a) prihodi i rashodi od kamata i naknada

b) prera~un sredstava i transakcije u stranoj valuti

c) krediti

d) rezervisanje za potencijalne kreditne i druge gubitke

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Interest income and expense are recognised on an accrual basis, which is in accordance with the principle of matching

the income and expenses and obligatory terms defined by the Contract signed between the Bank and the customer.

Pursuant to the Decision on managing the credit risk, the Bank is obliged to suspend the calculated interest

receivables and to suspend accruing interest on assets classified as risk assets (categories C, D and E), i.e. to record

the calculated overdue interest on the same basis in off-balance sheet records. As of 31 December 2003, the Bank

suspended the interest for all customers for which the receivables were classified as risk assets.

Fee and commission income consist of fees in respect of international and local payment transaction services and

other fees for banking services.

Foreign currency transactions are translated into CM at the official rate prevailing on the transaction date.

Assets and liabilities denominated in foreign currency are translated into CM at the official exchange rate prevailing at

the balance sheet date. Gains and losses resulting from foreign currency translation are included in the income

statement as foreign exchange gains and losses.

At the balance sheet date, all loans were stated at the principal amount outstanding, net of any amounts written off.

Write off of receivables is carried out for receivables classified into category E, i.e. for the receivables whose collection

is considered highly uncertain (Note 4d).

In accordance with the Decision on minimum standards for management of credit risk and classification of banks'

assets, the Bank calculates and records in its books a provision for possible loan losses and other losses.

Provision for possible loan losses and other losses is based on estimation of risk related to collectibility of loans,

interest and fees receivables, as well as other risk-bearing balance sheet assets and contingencies and commitments.

In the estimation of the total credit risk exposure, the Bank considers the following factors:

- The analysis of previous experience regarding settlement of liabilities;

- Estimation of the clients' financial position;

- Estimation of the collaterals' value.

Depending on the risk exposure estimates, balance sheet receivables and off-balance sheet items are classified into

following categories:

- Category A - Pass

- Category B - Watch

- Category C - Substandard

- Category D - Doubtful, and

- Category E - Loss

note 4Significant Accounting Policies

a) Interest and Fee and Commission income and expense

b) Foreign currency translation

c) Loans and advances

d) Provision for bad and doubtful debts and other losses

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Minimalni propisani procenat koji je Banka du`na da primenjuje pri formiranju rezerve za svaku kategoriju dat je u

slede}em pregledu:

- Kategorija A - Dobra aktiva 2%

- Kategorija B - Aktiva sa posebnom namenom 5% - 15%

- Kategorija C - Substandardna aktiva 16% - 40%

- Kategorija D - Sumnjiva aktiva 41% - 60%

- Kategorija E - Gubitak 100%

Rezerve formirane na potra`ivanja klasifikovana u kategoriju A predstavljaju Op{te rezerve za kreditne gubitke. Rezerve

formirane na potra`ivanja klasifikovana u kategorije B, C, D i E ~ine Posebne rezerve za kreditne gubitke.

Na dan 31.12.2003. godine Banka je formirala op{te rezerve u visini od 2% za potra`ivanja klasifikovana u kategoriju

A. Posebne rezerve formirane su primenom slede}ih procenata na kategorije rizi~ne bilansne i vanbilansne aktive:

kategorija B 5% i 10%, kategorija C 28%, kategorija D 50% i kategorija E 100%.

U skladu sa navedenom Odlukom, Banka je du`na da sva potra`ivanja klasifikovana u kategoriju E, u celosti ili u iznosu

koji nije pokriven dokazanom realizacijom kolaterala u toku, otpi{e i isknji`i iz aktive, prenosom u vanbilansne

evidencije. Na dan 31.12.2003. godine Banka je isknji`ila iz aktive i prenela na vanbilansne pozicije sva potra`ivanja

klasifikovana u kategoriju E.

napomena 4Pregled osnovnih ra~unovodstvenih politika

d) rezervisanje za potencijalne kreditne i druge gubitke - NASTAVAK

Vrednost stalnih sredstava evidentirana je po nabavnoj vrednosti umanjenoj za akumuliranu ispravku vrednosti.

Amortizacija stalnih sredstava obra~unava se primenom proporcionalne metode, kojom se nabavna vrednost otpisuje

tokom procenjenog veka trajanja sredstava.

Oporezivanje dobiti se vr{i u skladu sa poreskim propisima Republike Srpske.

Porez na dobit obra~unava se u visini od 10% od iznosa oporezive dobiti utvr|ene u Poreskom bilansu. Oporeziva

dobit se utvr|uje uskla|ivanjem dobiti iskazane u bilansu uspeha za odre|ene prihode i rashode, na na~in predvi|en

poreskim propisima, i mo`e biti umanjena za odre`ene poreske olak{ice.

Poreski bilans podnosi se nadle`nim poreskim organima u roku od deset dana od zakonskog roka za podno{enje

godi{njih finansijskih izve{taja. Kona~nu obavezu po osnovu poreza na dobit utvr|uje re{enjem nadle`ni poreski

organ u rokovima propisanim zakonom.

Obra~un amortizacije se ne vr{i za osnovna sredstva u pripremi. Obra~un amortizacije na stalna sredstva po~inje kada

se ista sredstva stave u upotrebu.

e) stalna sredstva

f) porez na dobit

Primenjene godi{nje stope amortizacije su slede}e:

1. Nematerijalna sredstva

2. Gra|evinski objekti

3. Kompjuteri

4. Motorna vozila

5. Ostala oprema i kanc. namje{taj

20%

20%

1,3%

12,5%

10 - 16,5%

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The minimal prescribed percentage that the Bank is obliged to apply while making provision for each of the above

categories is as follows:

- Category A - Pass 2%- Category B - Watch 5% - 15%- Category C - Substandard 16% - 40%- Category D - Doubtful, and 41% - 60%- Category E - Loss 100%

Provision for receivables classified into category A represent General provision for loan losses. Provision for

receivables classified into categories B, C, D and E represent Specific provision for loan losses.

As of 31 December 2003, the Bank made general provision of 2% for all receivables classified into category A. Specific

provision was made by applying the following percentages for categories of risk-bearing balance sheet and off-

balance sheet assets: category B 5% and 10%, category C 28%, category D 50% and category E 100%.

In accordance with the aforementioned Decision, the Bank is obliged to write off or transfer out of the books all

receivables classified into category E, in full or in the amount not covered by collaterals, by transferring them to off-

balance sheet records. As of 31 December 2003, the Bank wrote off from assets all receivable classified into category

E, and transferred them to off-balance items.

note 4Significant Accounting Policies

d) Provision for bad and doubtful debts and other losses - CONTINUED

Property and equipment are valued at their cost less accumulated depreciation. Depreciation of property and

equipment is provided on the straight-line method, by applying the prescribed rates, over the estimated useful lives of

assets, which is applied on the purchase cost representing the principal. Depreciation of property and equipment is

provided on a straight-line method over the estimated useful lives of assets.

Income tax is calculated in accordance with tax regulations of Republika Srpska.

Income tax is payable at 10% of the taxable income reported in Tax return. The taxable income represents profit

reported in the income statement adjusted for certain income and expenses, as prescribed by the tax regulations, and it

could be reduced for certain tax relieves.

Tax return is submitted to tax authorities no later than 10 days after the closing date for submission of annual financial

statements. The final amount of income tax payable is determined by a Decision of the tax authorities, within the time

frames prescribed by the Law.

Assets in course of construction are not depreciated. Depreciation on these assets will begin when the related assets

are put into use.

e) Property and Equipment

f) Income tax

The applied annual depreciation rates are as follows:

1. Intangible assets

2. Buildings

3. Computers

4. Vehicles

5. Other equipment and office furniture

20%

20%

1,3%

12,5%

10 - 16,5%

rev i zorsk i i zve{ ta j / 62

u hiljadama KM

Prihodi od kamata i sli~ni prihodi

Rashodi od kamata i sli~ni rashodi

UKUPNO

Prihodi i rashodi od kamata prikazani su po vrstama plasmana i odgovaraju}ih

izvora, na slede}i na~in:

Banke

Privreda

Javni sektor

Stanovni{tvo

Ostali komitenti

UKUPNO

20032003

20032003

PrihodiPrihodi PrihodiPrihodiRashodiRashodi RashodiRashodi

20022002

8.117

(1.270)

6.847

8.117

(1.270)

6.847

56

6.363

5

1.504

189

8.117

56

6.363

5

1.504

189

8.117

58

5.167

-

188

316

5.729

58

5.167

-

188

316

5.729

6.8476.847 7.8617.861

20022002

5.729

(868)

4.861

5.729

(868)

4.861

155

188

197

403

327

1.270

155

188

197

403

327

1.270

32

116

2

577

141

868

32

116

2

577

141

868

p r i h o d i i r a s h o d i o d k a m a t a

Kamate na kredite, hartije od vrednosti i depozite:

NETO PRIHOD OD KAMATA

napomena 5

aud i tor 's repor t / 63

u thousands of BAM

Interest income and similar income

Interest expense and similar expenses

TOTAL

Interest income and expense, analysed by types of placements and related

sources, are as follows:

Banks

Industry

Public domain

Citizens

Other customers

TOTAL

20032003

20032003

IncomeIncome IncomeIncomeExpenseExpense ExpenseExpense

20022002

8.117

(1.270)

6.847

8.117

(1.270)

6.847

56

6.363

5

1.504

189

8.117

56

6.363

5

1.504

189

8.117

58

5.167

-

188

316

5.729

58

5.167

-

188

316

5.729

6.8476.847 7.8617.861

20022002

5.729

(868)

4.861

5.729

(868)

4.861

155

188

197

403

327

1.270

155

188

197

403

327

1.270

32

116

2

577

141

868

32

116

2

577

141

868

i n t e r e s t i n c o m e a n d e x p e n s e

Interest on loans, securities and deposits:

NET INTEREST INCOME

note 5

rev i zorsk i i zve{ ta j / 64

u hiljadama KM

Naknade po kreditima

Naknade po vanbilansnim pozicijama

Naknade po nostro i loro doznakama

Naknade za obavljanje unutra{njeg platnog prometa

Ostale naknade

Pozitivne kursne razlike

Prihodi iz poslova trgovanja

Ostali operativni prihodi

UKUPNO

Ostale operativne prihode ~ine:

Prihodi od ukidanja rezervisanja (Napomena 15)

Napla}ena otpisana potra`ivanja

Prihodi od zakupnine

Ostali operativni prihodi

UKUPNO

20032003

982

1.260

1.885

3.724

907

2.318

272

3.081

14.429

982

1.260

1.885

3.724

907

2.318

272

3.081

14.429

2.084

532

218

247

3.081

2.084

532

218

247

3.081

20022002

422

498

2.583

4.207

1.269

2.546

30

678

12.233

422

498

2.583

4.207

1.269

2.546

30

678

12.233

-

603

-

75

678

-

603

-

75

678

o p e r a t i v n i p r i h o d i

napomena 6

aud i tor 's repor t / 65

in thousands of BAM

Fee and commission for loans

Fee and commission for off-balance sheet items

Fee and commission for nostro and loro accounts

Fee and commission for local payment transaction services

Other fee and commission

Foreign exchange gains

Trade income

Other operating income

TOTAL

Other operating income consists of:

Reversal of provision (Note 15)

Recovery of receivables previously written off

Rents

Other operating income

TOTAL

20032003

982

1.260

1.885

3.724

907

2.318

272

3.081

14.429

982

1.260

1.885

3.724

907

2.318

272

3.081

14.429

2.084

532

218

247

3.081

2.084

532

218

247

3.081

20022002

422

498

2.583

4.207

1.269

2.546

30

678

12.233

422

498

2.583

4.207

1.269

2.546

30

678

12.233

-

603

-

75

678

-

603

-

75

678

o p e r a t i n g i n c o m e

note 6

rev i zorsk i i zve{ ta j / 66

napomena 7

u hiljadama KM

Tro{kovi rezervisanja (Napomena 15)

Ostali poslovni i direktni tro{kovi

UKUPNO

Ostali poslovni i direktni tro{kovi obuhvataju:

Negativne kursne razlike

Ostale naknade i provizije

Naknade za obavljanje platnog prometa

UKUPNO

20032003

2.685

2.003

4.688

2.685

2.003

4.688

1.230

565

208

2.003

1.230

565

208

2.003

20022002

2.392

1.687

4.079

2.392

1.687

4.079

952

579

156

1.687

952

579

156

1.687

p o s l o v n i i d i r e k t n i r a s h o d i

aud i tor 's repor t / 67

note 7

in thousands of BAM

Provisions (Note 15)

Other operating and direct expenses

TOTAL

Other operating and direct expenses include:

Foreign exchange losses

Other fees and commissions

Fees and commissions for payment transaction services

TOTAL

20032003

2.685

2.003

4.688

2.685

2.003

4.688

1.230

565

208

2.003

1.230

565

208

2.003

20022002

2.392

1.687

4.079

2.392

1.687

4.079

952

579

156

1.687

952

579

156

1.687

o p e r a t i n g a n d d i r e c t e x p e n s e

rev i zorsk i i zve{ ta j / 68

napomena 8

u hiljadama KM

Tro{kovi plata i doprinosa

Tro{kovi poslovnog prostora fiksne aktive i re`ije

Ostali operativni tro{kovi

UKUPNO

Tro{kove poslovnog prostora, fiksne aktive i re`ije ~ine:

Tro{kovi materijala

Tro{kovi proizvodnih usluga

Amortizacija (Napomena 12)

Nematerijalni tro{kovi

Tro{kovi poreza

Tro{kovi doprinosa

Ostali tro{kovi

UKUPNO

20032003

5.664

7.558

526

13.748

5.664

7.558

526

13.748

996

3.004

1.312

1.366

805

75

-

7.558

996

3.004

1.312

1.366

805

75

-

7.558

20022002

3.915

6.393

368

10.676

3.915

6.393

368

10.676

791

2.445

653

1.685

760

56

3

6.393

791

2.445

653

1.685

760

56

3

6.393

o p e r a t i v n i r a s h o d i

aud i tor 's repor t / 69

note 8

in thousands of BAM

Salaries and contributions

Business premises and fixed assets

Other operating expense

TOTAL

Business premises and fixed assets expenses include:

Material

Production services

Depreciation (Note 12)

Non-material expenses

Taxex

Contributions

Other

TOTAL

20032003

5.664

7.558

526

13.748

5.664

7.558

526

13.748

996

3.004

1.312

1.366

805

75

-

7.558

996

3.004

1.312

1.366

805

75

-

7.558

20022002

3.915

6.393

368

10.676

3.915

6.393

368

10.676

791

2.445

653

1.685

760

56

3

6.393

791

2.445

653

1.685

760

56

3

6.393

o p e r a t i n g e x p e n s e

rev i zorsk i i zve{ ta j / 70

napomena 9

u hiljadama KM

Dobit poslovne godine

Kamate zbog neblagovremeno pla}enih poreza, doprinosa i dr. javnih da`bina

Nov~ane kazne i penali

Poreska osnovica

Umanjenje poreske osnovice za ulaganje u osnovna sredstva

Umanjena poreska osnovica

Poreska stopa

Obra~unati porez

Pla}ene akontacije

Iznos poreza za uplatu/(povra}aj)

Banka je u zakonski propisanom roku podnela nadle`nim poreskim organima

Poreski bilans za period od 01.01. do 31.12.2003. godine.

20032003

2.840

6

15

2.861

2.840

6

15

2.861

(807)

2.054

10%

205

(807)

2.054

10%

205

(166)

39

(166)

39

20022002

2.339

21

6

2.366

2.339

21

6

2.366

(1.399)

967

10%

97

(1.399)

967

10%

97

(131)

(34)

(131)

(34)

p o r e z n a d o b i t

aud i tor 's repor t / 71

note 9

in thousands of BAM

Profit for the year

Penality interest for taxes, contributions and other public duties

Cash fines and penalties

Taxable basis

Deduction for investments in property and equipment

Deductet taxable basis

Tax rate

Tax

Advances paid

Tax liability/(receivables)

The Bank submitted to the tax authorities its Tax return for the period 1 January-

31 December 2003 within the deadlines determined by the Law.

20032003

2.840

6

15

2.861

2.840

6

15

2.861

(807)

2.054

10%

205

(807)

2.054

10%

205

(166)

39

(166)

39

20022002

2.339

21

6

2.366

2.339

21

6

2.366

(1.399)

967

10%

97

(1.399)

967

10%

97

(131)

(34)

(131)

(34)

i n c o m e t a x

rev i zorsk i i zve{ ta j / 72

napomena 10

u hiljadama KM

Blagajna u doma}oj valuti

Blagajna u stranoj valuti

Devizni ra~uni kod inostranih banaka

Kratkoro~na oro~ena sredstva

^ekovi u stranoj valuti

Sredstva kod Centralne banke

UKUPNO

Banka na dan 31.12. ima devizne ra~une kod slede}ih inostranih banaka:

Deutche Bank AG, Frankfurt

ABABANKA d.d, Ljubljana

Bankers Trust Company NY

Nova Banka a.d. Beograd

Ostale banke

UKUPNO

Banka je du`na da na ra~unu rezervi kod Centralne banke dr`i sredstva radi ispunjenja

obavezne rezerve u nivou i na na~in utvr|en Odlukom o utvr|ivanju i odr`avanju

obaveznih rezervi i utvr|ivanju naknade za iznos rezerve (Slu`beni Glasnik Republike

Srpske broj 41/2003.).

Osnovicu za obra~un obavezne rezerve ~ine depoziti i pozajmljena sredstva u

konvertibilnim markama i stranoj valuti. Obavezna rezerva se obra~unava prema stanju

tih sredstava na kraju svakog radnog dana u toku obra~unskog perioda (deset

kalendarskih dana) koji prethodi periodu odr`avanja. U skladu sa pomenutom Odlukom,

stopa obavezne rezerve koju primenjuje Centralna banka za obra~un obavezne rezerve

iznosi 5% (u 2002. godini i za period od 01.01.-31.05.2003. godine - 10%).

Centralna Banka pla}a naknadu Banci na ukupan iznos obavezne rezerve po stopi koja se

utvr|uje na osnovu proseka kamatnih stopa koje je u istom periodu na tr`i{tu ostvarila

Centralna banka na "overnight" depozite.

31.12.03.31.12.03.

3.539

2.868

18.066

-

36

20.052

44.561

3.539

2.868

18.066

-

36

20.052

44.561

16.547

618

315

2

584

18.066

16.547

618

315

2

584

18.066

31.12.02.31.12.02.

4.470

4.691

3.454

188

91

4.448

17.342

4.470

4.691

3.454

188

91

4.448

17.342

1.869

386

630

480

89

3.454

1.869

386

630

480

89

3.454

nov~ana sredstva i ra~uni depozita

kod depozitnih institucija

Devizni ra~uni kod inostranih banaka

Sredstva kod Centralne Banke

aud i tor 's repor t / 73

note 10

u housands of BAM

Cash in hand - BAM

Cash in hand - foreign currencies

Foreign currency accounts with foreign banks

Short-term time deposits

Checks denominated in foreign currency

Balances with the Central bank

TOTAL

As of 31 December the Bank had foreign currency accounts with the following foreign banks:

Deutche Bank AG, Frankfurt

ABABANKA d.d, Ljubljana

Bankers Trust Company NY

Nova Banka a.d. Beograd

Other banks

TOTAL

The Bank is obliged to maintain an obligatory reserve on the account with the Central

bank, in the level and on the manner defined by the Decision on determining and

maintaining obligatory reserves and determining fee for obligatory reserve amount (The

Official Gazette of Republika Srpska No. 41/2003.).

Deposits and funds borrowed in BAM and foreign currencies represent the basis for

calculating the obligatory reserve. The obligatory reserve is calculated according to the

balances at the end of each working day during the period under consideration (ten

calendar days), which precedes the maintenance period. In line with the aforementioned

Decision, the obligatory reserve rate applied by the Central bank for calculating the

obligatory reserve is 5% (in 2002 and for the period 1 January 31 May 2003 10%).

The Central bank pays to the Bank interest on the total amount of the obligatory reserve at

the rate determined based on average interest rates that the Central bank carried out on the

market on overnight deposits during the same period.

31.12.03.31.12.03.

3.539

2.868

18.066

-

36

20.052

44.561

3.539

2.868

18.066

-

36

20.052

44.561

16.547

618

315

2

584

18.066

16.547

618

315

2

584

18.066

31.12.02.31.12.02.

4.470

4.691

3.454

188

91

4.448

17.342

4.470

4.691

3.454

188

91

4.448

17.342

1.869

386

630

480

89

3.454

1.869

386

630

480

89

3.454

cash and balances with

deposit institutions

Foreign currency accounts with foreign banks

Balances witn the Central Bank

rev i zorsk i i zve{ ta j / 74

napomena 11

u hiljadama KM

Kratkoro~ni krediti

KRATKORO^NI KREDITI

Dugoro~ni krediti

Javna i dr`avna preduze}a

Dospela potra`ivanja

Banke

UKUPNO

Privreda

Vlada i vladine institucije

Stanovni{tvo

Ostali komitenti

UKUPNO KRATKORO^NI KREDITI

DUGORO^NI KREDITI

Javna i dr`avna preduze}a

Privreda

Vlada i vladine institucije

Stanovni{tvo

Ostali komitenti

UKUPNO DUGORO^NI KREDITI

DOSPELA POTRA@IVANJA

Javna i dr`avna preduze}a

Banke

Privreda

Stanovni{tvo

Ostali komitenti

UKUPNO DOSPELA POTRA@IVANJA

UKUPNO KREDITI

31.12.03.31.12.03.

29.127

43.753

5.465

78.342

29.127

43.753

5.465

78.342

350

-

23.986

149

4.093

546

29.124

350

-

23.986

149

4.093

546

29.124

3.538

17.768

464

21.012

971

43.753

3.538

17.768

464

21.012

971

43.753

6262

248248

3.6593.659

462462

1.0341.034

5.4655.465

78.34278.342

31.12.02.31.12.02.

27.455

15.316

850

43.621

27.455

15.316

850

43.621

-

400

23.021

-

2.034

2.000

27.455

-

400

23.021

-

2.034

2.000

27.455

2.400

2.762

-

5.493

4.661

15.316

2.400

2.762

-

5.493

4.661

15.316

--

--

803803

4747

--

850850

43.62143.621

krediti i dospela potra`ivanja

a) Pregled po vrstama plasmana

b) Pregled po korisnicima kredita

aud i tor 's repor t / 75

note 11

in thousands of BAM

Short-term loans

SHORT-TERM LOANS

Long-term loans

Public and state-owned enterprises

Receivables due

Banks

TOTAL

Industry

Government and government institutions

Citizens

Other customers

TOTAL SHORT-TERM LOANS

LONG-TERM LOANS

Public and state-owned enterprises

Industry

Government and government institutions

Citizens

Other customers

TOTAL LONG-TERM LOANS

RECEIVABLES DUE

Public and state-owned enterprises

Banks

Industry

Citizens

Other customers

TOTAL RECEIVABLES DUE

TOTAL LOANS

31.12.03.31.12.03.

29.127

43.753

5.465

78.342

29.127

43.753

5.465

78.342

350

-

23.986

149

4.093

546

29.124

350

-

23.986

149

4.093

546

29.124

3.538

17.768

464

21.012

971

43.753

3.538

17.768

464

21.012

971

43.753

6262

248248

3.6593.659

462462

1.0341.034

5.4655.465

78.34278.342

31.12.02.31.12.02.

27.455

15.316

850

43.621

27.455

15.316

850

43.621

-

400

23.021

-

2.034

2.000

27.455

-

400

23.021

-

2.034

2.000

27.455

2.400

2.762

-

5.493

4.661

15.316

2.400

2.762

-

5.493

4.661

15.316

--

--

803803

4747

--

850850

43.62143.621

loans and overdue receivables

a) Analysis by types of placements

b) Analysis by types of customers

rev i zorsk i i zve{ ta j / 76

napomena 11 - nastavak

u hiljadama KM

Stanje na dan 01.01.2002. godine

Pove}anja

Novi plasmani

Smanjenja

Prenos na dospela potra`ivanja

Otplate kredita

Otpisani krediti

Stanje na dan 31.12.2002. godine

Stanje na dan 31.12.2003. godine

Pove}anja

Korekcija po~etnog stanja - preuzimanje kredita Agroprom banke

Novi plasmani

Smanjenja

Prenos na dospela potra`ivanja

Otplate kredita

Otpisani krediti

Stanje na dan 31.12.2003. godine

krediti i dospela potra`ivanja

c) Promene na kreditima i dospelim potra`ivanjima u toku godine

Dana 29.08.2003.godine Banka je zaklju~ila Ugovor sa organizacijom USAID o kupovini

kreditnog portfolia koji je prethodnih godina USAID plasirao pravnim licima preko Banke

kao banke-agenta.

Kupovina kreditnog portfolia izvr{ena je sa stanjem na dan 30.04.2003. godine.

Nominalna vrednost glavnice kredita na dan 30.04.2003.godine iznosila je KM 13.373

hiljada. Banka je kupila kreditni portfolio za iznos od KM 4.825 hiljada i to tako {to je iznos

od KM 2.895 hiljada pla}en u avgustu 2003. godine, dok je za preostali iznos od KM

1.930 hiljada zaklju~en Ugovor o subordiniranom kreditu na rok od 15 godina.

Razlika izme|u nominalne i kupljene vrednosti kreditnog portfolia u iznosu od KM 8.548

iskazana je kroz rezerve za potencijalne kreditne i druge gubitke (Napomena 15).

Kratk.

krediti

Kratk.

krediti

Dospela

potra`iv.

Dospela

potra`iv.

Dugor.

krediti

Dugor.

krediti UkupnoUkupno

18.49418.494

56.48156.481

(1.146)(1.146)

(45.256)(45.256)

(1.118)(1.118)

27.45527.455

2.4542.454

51.33151.331

(16.586)(16.586)

(33.291)(33.291)

(2.239)(2.239)

29.12429.124

27.45527.455

--

--

1.1931.193

(323)(323)

(20)(20)

850850

457457

--

20.90120.901

(16.743)(16.743)

--

5.4655.465

850850

3.7273.727

16.37116.371

(47)(47)

(4.735)(4.735)

--

15.31615.316

6.2986.298

42.61842.618

(4.315)(4.315)

(11.937)(11.937)

(4.227)(4.227)

43.75343.753

15.31615.316

22.22122.221

72.85272.852

--

(50.314)(50.314)

(1.138)(1.138)

43.62143.621

9.2099.209

93.94993.949

--

(61.971)(61.971)

(6.466)(6.466)

78.34278.342

43.62143.621

aud i tor 's repor t / 77

note 11 - continued

in thousands of BAM

Balance at 1 January 2002

Increases

New placements

Decreases

Transfer to receivables due

Repayment of loans

Write off of loans

Balance ar 31 December 2002

Balance at 1 January 2003

Increases

Adjustment to the opening balance - takeover of Agroprom banka's loans

New placements

Desreases

Transfer to receivables due

Repayment of loans

Write off of loans

Balance at 31 December 2003

loans and overdue receivables

c) movements on loans and overdue receivables during the year

On 29 August 2003, the Bank signed an Agreement with USAID on purchase of loan

portfolio that USAID placed during the previous years to legal entities with the Bank acting

as the Agent.

The aforementioned purchase of the loan portfolio was carried out with the balance on 30

April 2003. The nominal value of the loan principal as at 30 April 2003 amounted to BAM

13.373 thousand. The Bank purchased the loan portfolio for the amount of BAM 4.825

thousand, with the amount of BAM 2.895 thousand paid in August 2003, while the

remaining amount of BAM 1.930 thousand, was subject of an Agreement on subordinated

loan with maturity date of 15 years.

The difference between the nominal and purchased value of the loan portfolio amounting

to BAM 8.548, is recorded as provision for bad and doubtful debts and other losses (Note

15).

Short t.

loans

Short t.

loans

Receiva-

bles due

Receiva-

bles due

Long t.

loans

Long t.

loans TotalTotal

18.49418.494

56.48156.481

(1.146)(1.146)

(45.256)(45.256)

(1.118)(1.118)

27.45527.455

2.4542.454

51.33151.331

(16.586)(16.586)

(33.291)(33.291)

(2.239)(2.239)

29.12429.124

27.45527.455

--

--

1.1931.193

(323)(323)

(20)(20)

850850

457457

--

20.90120.901

(16.743)(16.743)

--

5.4655.465

850850

3.7273.727

16.37116.371

(47)(47)

(4.735)(4.735)

--

15.31615.316

6.2986.298

42.61842.618

(4.315)(4.315)

(11.937)(11.937)

(4.227)(4.227)

43.75343.753

15.31615.316

22.22122.221

72.85272.852

--

(50.314)(50.314)

(1.138)(1.138)

43.62143.621

9.2099.209

93.94993.949

--

(61.971)(61.971)

(6.466)(6.466)

78.34278.342

43.62143.621

rev i zorsk i i zve{ ta j / 78

napomena 12

u hiljadama KM

Stanje na dan 01.01.2002. godine

Nova ulaganja

Korekcije po nalogu Agencije

Prenos sa avansa/aktiviranje

Rashodovanje

Stanje na dan 31.12.2002. godine

Stanje na dan 01.01.2003. godine

Korekcija po~. stanja - preuzimanje osn. sred. Agroprom banke

Nova ulaganja

Prodaja

Stanje na dan 31.12.2003. godine

Stanje na dan 01.01.2002. godine

Korekcije po nalogu Agencije

Amortizacija (Napomena 8)

Rashodovanje

Stanje na dan 31.12.2002. godine

Stanje na dan 01.01.2003. godine

Korekcija po~. stanja - preuzimanje osn. sred. Agroprom banke

Amortizacija (Napomena 8)

Prodaja

Stanje na dan 31.12.2003. godine

Na dan 31.12.2003. godine

Na dan 31.12.2002. godine

zemlji{tezemlji{tenemat.

ulaganjanemat.

ulaganjaposlovne

zgradeposlovne

zgrade

osnovnasredstva

u pripremi

osnovnasredstva

u pripremi UKUPNOUKUPNO

oprema iostala

sredstva

oprema iostala

sredstva

185185

--

--

580580

--

765765

765765

5.7225.722

229229

(939)(939)

5.7775.777

33

--

22

--

55

5

2.935

88

(359)

2.669

5

2.935

88

(359)

2.669

3.1083.108

760760

2.9012.901

1.8101.810

--

--

(9)(9)

4.7024.702

4.7024.702

1.6831.683

1.2081.208

(92)(92)

7.5017.501

604604

--

622622

(6)(6)

1.2201.220

1.220

851

1.097

(39)

3.129

1.220

851

1.097

(39)

3.129

4.3724.372

3.4823.482

--

--

--

--

--

--

--

2.7442.744

275275

--

3.0193.019

--

--

--

--

--

-

-

-

-

-

-

-

-

-

-

3.0193.019

--

3.8353.835

2.0592.059

(290)(290)

580580

(9)(9)

6.1756.175

6.1756.175

11.72511.725

2.1532.153

(1.031)(1.031)

19.02219.022

796796

(180)(180)

653653

(6)(6)

1.2631.263

1.263

3.970

1.312

(398)

6.147

1.263

3.970

1.312

(398)

6.147

12.87512.875

4.9124.912

--

--

--

--

--

--

749749

249249

(290)(290)

--

--

708708

--

1.2511.251

--

--

1.2511.251

708708

325325

441441

--

1.4741.474

--

--

--

--

--

189189

(180)(180)

2929

--

3838

-

-

-

-

-

-

-

-

-

-

38

184

127

-

349

38

184

127

-

349

1.2511.2511.1251.125

--670670

NABAVNA VREDNOST

ISPRAVKA VREDNOSTI

SADA[NJA VREDNOST

p o s l o v n i p r o s t o r

i o s t a l a f i k s n a a k t i v a

aud i tor 's repor t / 79

note 12

in thousands of BAM

Balance at 1 January 2002

Additions

Adjustments per Agency's request

Transfer from advances/activiting

Disposals

Balance at 31 December 2002

Balance at 1 January 2003

Adj. to the opening bal. - takeover of Agroprom banka's fixed assets

Additions

Sale

Balance at 31 December 2003

Balance at 1 january 2002

Adjustments per Agency's request

Depreciation (Note 8)

Disposal

Balance at 31 December 2002

Balance at 1 january 2003

Adj. to the opening bal. - takeover of Agroprom banka's fixed assets

Depreciation (Note 8)

Sale

Balance at 31 December 2003

At 31 December 2003

At 31 December 2002

landlandintangible

assetsintangible

assetsbusinessbuildingsbusinessbuildings

assets incourse of

contruction

assets incourse of

contruction TOTALTOTAL

equipm.and other

assets

equipm.and other

assets

185185

--

--

580580

--

765765

765765

5.7225.722

229229

(939)(939)

5.7775.777

33

--

22

--

55

5

2.935

88

(359)

2.669

5

2.935

88

(359)

2.669

3.1083.108

760760

2.9012.901

1.8101.810

--

--

(9)(9)

4.7024.702

4.7024.702

1.6831.683

1.2081.208

(92)(92)

7.5017.501

604604

--

622622

(6)(6)

1.2201.220

1.220

851

1.097

(39)

3.129

1.220

851

1.097

(39)

3.129

4.3724.372

3.4823.482

--

--

--

--

--

--

--

2.7442.744

275275

--

3.0193.019

--

--

--

--

--

-

-

-

-

-

-

-

-

-

-

3.0193.019

--

3.8353.835

2.0592.059

(290)(290)

580580

(9)(9)

6.1756.175

6.1756.175

11.72511.725

2.1532.153

(1.031)(1.031)

19.02219.022

796796

(180)(180)

653653

(6)(6)

1.2631.263

1.263

3.970

1.312

(398)

6.147

1.263

3.970

1.312

(398)

6.147

12.87512.875

4.9124.912

--

--

--

--

--

--

749749

249249

(290)(290)

--

--

708708

--

1.2511.251

--

--

1.2511.251

708708

325325

441441

--

1.4741.474

--

--

--

--

--

189189

(180)(180)

2929

--

3838

-

-

-

-

-

-

-

-

-

-

38

184

127

-

349

38

184

127

-

349

1.2511.2511.1251.125

--670670

COST

ACCUMULATED DEPRECIATION

NET BOOK VALUE

b u s i n e s s p r e m i s e s a n d o t h e r

p r o p e r t y a n d e q u i p m e n t

rev i zorsk i i zve{ ta j / 80

napomena 13

Na dan 31.12.2003. godine ukupna neto vrednost svih u~e{}a u kapitalu Banke u drugim

pravnim licima i subsidijarnim licima tih pravnih lica ne prelazi 20% osnovnog kapitala

Banke.

U~e{}a u kapitalu Nove Banke a.d. Beograd i Kosig Dunav Osiguranje d.d. Banja Luka

prelaze 5% osnovnog kapitala Banke i predstavljaju odbitnu stavku pri izra~unavanju

neto kapitala Banke.

Banka nema zna~ajan vlasni~ki interes u pravnim licima koja prelaze 5% osnovnog

kapitala Banke na dan 31.12.2003.godine (KM 17.905 hiljada).

u hiljadama KM

Nova Banka a.d., Beograd

Investicije u nekonsolidovana povezana praduze}a obuhvataju u~e{}a u

kapitalu kod slede}ih pravnih lica:

Kosig Dunav osiguranje d.d. Banja Luka

Banjalu~ka berza, Banja Luka

Kolos Osiguranje a.d. Beograd

Quality Nova, Bijeljina

Invest Nova a.d. Bijeljina

UKUPNO

31.12.03.31.12.03.

1.626

1.459

56

18

12

-

3.171

1.626

1.459

56

18

12

-

3.171

31.12.02.31.12.02.

1.626

-

56

18

12

228

1.940

1.626

-

56

18

12

228

1.940

investicije u nekonsolidovana

povezana preduze}a

aud i tor 's repor t / 81

note 13

The total net value of Bank's investments in share of other legal entities and subsidiaries of

those legal entities, as of 31 December 2003, does not exceed 20% of the Bank's share

capital.

Investment in shares of Nova Banka a.d. Beograd and Kosig Dunav Osiguranje d.d. Banja

Luka exceed 5% of the Bank's share capital and represents a deductible item in calculating

the net value of the Bank's shareholders' equity.

As of 31 December 2003, the Bank has no significant ownership interest in legal entities

that exceed 5% of the Bank's share capital (BAM 17.905 thousand).

In thousands of BAM

Nova Banka a.d., Beograd

Investments in non-consolidated related parties include investments

in share with the following legal entities:

Kosig Dunav osiguranje d.d. Banja Luka

Banjalu~ka berza, Banja Luka

Kolos Osiguranje a.d. Beograd

Quality Nova, Bijeljina

Invest Nova a.d. Bijeljina

TOTAL

31.12.03.31.12.03.

1.626

1.459

56

18

12

-

3.171

1.626

1.459

56

18

12

-

3.171

31.12.02.31.12.02.

1.626

-

56

18

12

228

1.940

1.626

-

56

18

12

228

1.940

investments in non-consolidated

related parties

rev i zorsk i i zve{ ta j / 82

napomena 14

U septembru 2001. godine Banka i Srpske po{te su zaklju~ili Ugovor o obavljanju

unutra{njeg platnog prometa kojim se reguli{e da }e Srpske po{te obavljati poslove

unutra{njeg prometa, uz odre|enu naknadu.

Na dan 31.12.2003. godine Banka je u poslovnim knjigama iskazala potra`ivanje od

Srpskih po{ta za isplate krajnjim korisnicima izvr{ene od strane Banke za koje Srpske

po{te do dana bilansa nisu uplatile sredstva Banci.

u hiljadama KM

Dospele kamate i naknade

Dospele kamate

Potra`ivanja za dospele kamate i naknade prema vrsti komitenata na dan 31.12.

prikazana su u slede}oj tabeli:

Potra`ivanje od Srpskih po{ta

Preduze}a

Dati avansi po drugim osnovama

Stanovni{tvo

Aktivna vremenska razgrani~enja

Ostali komitenti

Potra`ivanja za pla}ene kamate i naknade

Ukupno dospele kamate

Potra`ivanja po osnovu mat. vrednosti primljenih po osnovu naplate potra`ivanja

Dospele naknade

Potra`ivanja za pretpla}en porez

Banke

Potra`ivanja za pla}ene obaveze po akreditivima

Preduze}a

Zalihe

Stanovni{tvo

Ostala potra`ivanja iz poslovnih odnosa

Ukupno dospele naknade

UKUPNO

UKUPNO DOSPELE KAMATE I NAKNADE

31.12.03.31.12.03.

1.554

1.037

769

378

26

19

18

13

53

857

4.724

1.554

1.037

769

378

26

19

18

13

53

857

4.724

792792

8989

3232

913913

1515

625625

11

641641

1.5541.554

31.12.02.31.12.02.

979

962

290

528

-

123

37

-

22

359

3.300

979

962

290

528

-

123

37

-

22

359

3.300

598598

4343

33

644644

--

334334

11

335335

979979

ostala aktiva

dospele kamate i naknade

Potra`ivanja od Srpskih po{ta

aud i tor 's repor t / 83

note 14

In September 2001, the Bank and Serbian posts signed an Agreement on payment

transaction services in the country, according to which the Serbian posts should carry out

the payment transaction services in the country, with a certain commission.

As of 31 December 2003, the Bank disclosed in its books receivables from Serbian posts

in respect of payments to individuals carried out by the Bank. Until the balance sheet date,

Serbian posts made no payments to the Bank in respect of aforementioned liabilities.

in thousands of BAM

Accured interest and fees

Interest payable

Analysis of receivables from interest and fees payable bu type of customers as at 31 december

were as follows::

Receivables from Serbian posts

Enterprises

Advances

Citizens

Deferred income and prepaid expenses

Other customers

Rerceivables from paid interest and fees

Total interest payable

Receivables in respect of tangible assets received from collection of receivables

Fee payable

Receivables from ovarpaid taxes

Banks

Receivables from paid liabilities in respect of letters of credits

Enterprises

Inventories

Citizens

Other receivables from business relations

Total fees payable

TOTAL

TOTAL INTEREST AND FEES PAYABLE

31.12.03.31.12.03.

1.554

1.037

769

378

26

19

18

13

53

857

4.724

1.554

1.037

769

378

26

19

18

13

53

857

4.724

792792

8989

3232

913913

1515

625625

11

641641

1.5541.554

31.12.02.31.12.02.

979

962

290

528

-

123

37

-

22

359

3.300

979

962

290

528

-

123

37

-

22

359

3.300

598598

4343

33

644644

--

334334

11

335335

979979

other assets

Interest and fees payable

Receivables from Serbian posts

rev i zorsk i i zve{ ta j / 84

napomena 15

u hiljadama KM

Rezerve na stavke rizi~ne bilansne aktive

Stanje na dan 01.01.2003. godine

U 2003.godini Banka je po osnovu izvr{ene klasifikacije rizi~ne bilansne

i vanbilansne aktive formirala i izdvojila op{te i posebne rezerve za potencijalne kreditne

i druge gubitke u iznosu od KM 4.916 hiljada:

Op{te rezerve na stavke pozicija kredita

Korekcija po~etnog stanja - preuzimanje rezervi Agroprom banke a.d. Banja Luka

Op{te rezerve na kamate

Rezerve formirane na kreditni portfolio kupljen od USAID-a

Op{te rezerve na ostale bilansne pozicije

Rashodi rezervisanja

Posebne rezerve na stavke pozicija kredita

Posebne rezerve na kamate

Prihodi od ukidanja rezervisanja

Ukupne rezerve na stavke rizi~ne aktive

Otpisani krediti

Rezerve na stavke rizi~ne vanbilansne aktive

Otpisanja potra`ivanja

Op{te rezerve na vanbilansne pozicije

Otpisane garancije

Ukupne rezerve na vanbilansne pozicije

Stanje na dan 31.12.2003. godine

UKUPNE REZERVE

31.12.03.31.12.03.

2003.2003.

1.2891.289

1414

618618

2.6092.609

1919

4.5494.549

367367

367367

4.9164.916

1.6821.682

1.0051.005

8.5488.548

2.6852.685

(2.084)(2.084)

(6.466)(6.466)

(82)(82)

(372)(372)

4.9164.916

31.12.02.31.12.02.

837837

1212

271271

313313

33

1.4361.436

246246

246246

1.6821.682

rezerve za potencijalne

kreditne i gruge gubitke

a) Pregled po vrstama rezervi

b) Promene na ukupnim rezervama za potencijalne kreditne i

druge gubitke u toku 2003. godine prikazane su kako sledi:

aud i tor 's repor t / 85

note 15

in thousands of BAM

Provision for risk-bearing balance sheet assets

Balance at 1 january 2003

In 2003, according to the classification of risk-bearing balance sheet and

off-balance sheet assets, the Bank made general and specific provision for bad

and doubtful debts and other losses in the amount of BAM 4.916 thousand:

General provision for loans

Adjustment to opening balance-teke over of provision of Agroprom banka a.d. B.Luka

General provision for accured interest

Provision for loan portfolio purchased from USAID

General provision for other balance sheet items

Provision for bad and doubtful debts and other losses

Specific provision for loans

Specific provision for accured interest

Income from cancellation of provisions

Total provision for risk-bearing balances sheet assets

Loans written off

Provision for risk-bearing off-balance sheet assets

Receivables written off

General provision for off-balance sheet items

Guarantees written off

Total provision for off-balance sheet items

Balance at 31 december 2003

TOTAL PROVISION FOR OFF-BALANCE SHEET ITEMS

31.12.03.31.12.03.

2003.2003.

1.2891.289

1414

618618

2.6092.609

1919

4.5494.549

367367

367367

4.9164.916

1.6821.682

1.0051.005

8.5488.548

2.6852.685

(2.084)(2.084)

(6.466)(6.466)

(82)(82)

(372)(372)

4.9164.916

31.12.02.31.12.02.

837837

1212

271271

313313

33

1.4361.436

246246

246246

1.6821.682

provision for bad and doubtful

debts and other losses

a) Analysis by type of provision

b) Movements in total provision for bad and doubtful

debts and other losses in 2003, were are follows:

rev i zorsk i i zve{ ta j / 86

napomena 16

u hiljadama KM

u hiljadama KM

Nekamatonosni depoziti

Banke i druge finansijske organizacije

Kamatonosni depoziti

Kamatonosni depoziti

UKUPNO

Javna i dr`avna preduze}a

Privreda

Vlada i vladine institucije

Strana lica

Doma}a fizi~ka lica

Ostalo

UKUPNO KAMATONOSNI DEPOZITI

Nekamatonosni depoziti

Banke i druge finansijske organizacije

Javna i dr`avna preduze}a

Privreda

Vanprivreda

Vlada i vladine institucije

Doma}a fizi~ka lica

Ostalo

UNEKAMATONOSNI DEPOZITI

UKUPNO DEPOZITI

2002200220032003

u doma}uj valutiu doma}uj valuti u stranoj valutiu stranoj valuti UKUPNOUKUPNO

20032003 20022002

31.12.200331.12.2003 31.12.200231.12.2002

20032003 20032003

11.63511.635

6.3706.370

18.00518.005

11.45511.455

7.9967.996

19.45119.451

44.93744.937

59.02359.023

933933

3.3383.338

8.1058.105

16.15316.153

1.1481.148

15.12215.122

137137

44.93744.937

18.68618.686

16.49716.497

18.29918.299

421421

1.5601.560

2.6932.693

867867

59.02359.023

103.960103.960

103.960103.960

24.85424.854

28.29428.294

1.6731.673

--

7.7547.754

2.4352.435

1.9711.971

11.02111.021

--

24.85424.854

3737

--

25.32925.329

--

55

2.9232.923

--

28.29428.294

53.14853.148

53.14853.148

13.39913.399

20.29820.298

33.69733.697

33.30233.302

52.65352.653

85.95585.955

d e p o z i t i

a) Pregled po vrstama depozita

b) Pregled po vrstama deponenata

U 2003. godini, po nalogu Agencije za bankarstvo Republike

Srpske, Banka je izvr{ila reklasifikaciju obaveze prema Fondu

Stanovanja Republike Srpske za primljena sredstva radi

odobravanja stambenih kredita gra|anima, sa ostalih obaveza

na kamatonosne depozite.

Stanje obaveza prema Fondu Stanovanja Republike Srpske na

dan 31.12.2003. godine iznosi KM 13.426 hiljada (31.12.2002.

godine -KM 2.345 hiljada).

aud i tor 's repor t / 87

note 17

in thousands of BAM

in thousands of BAM

Interest-fee deposits

Banks and other financial organizations

Interest-bearing deposits

Interest-bearing deposits

TOTAL

Public and state-owned enterprises

Industry

Government and state institutions

Foreign entity

Citizens

Other

TOTAL INTEREST-BEARING DEPOSITS

Interest-free deposits

Banks and other financial organisations

Public and other state owned enterprises

Industry

Non-industry

Government and state institutions

Citizens

Other

TOTAL INTEREST-FREE DEPOSITS

TOTAL DEPOSITS

2002200220032003

in local currencyin local currency in foreign currencyin foreign currency TOTALTOTAL

20032003 20022002

31.12.200331.12.2003 31.12.200231.12.2002

20032003 20032003

11.63511.635

6.3706.370

18.00518.005

11.45511.455

7.9967.996

19.45119.451

44.93744.937

59.02359.023

933933

3.3383.338

8.1058.105

16.15316.153

1.1481.148

15.12215.122

137137

44.93744.937

18.68618.686

16.49716.497

18.29918.299

421421

1.5601.560

2.6932.693

867867

59.02359.023

103.960103.960

103.960103.960

24.85424.854

28.29428.294

1.6731.673

--

7.7547.754

2.4352.435

1.9711.971

11.02111.021

--

24.85424.854

3737

--

25.32925.329

--

55

2.9232.923

--

28.29428.294

53.14853.148

53.14853.148

13.39913.399

20.29820.298

33.69733.697

33.30233.302

52.65352.653

85.95585.955

d e p o s i t s

a) Analysis by type of deposit

b) Analysis by type of deponents

In 2003, as per request of the Banking Agency of Republika

Srpska, the Bank performed a reclassification of liabilities

toward the Residential Fund of Republika Srpska, in respect of

funds received for granting housing loans to citizens, from other

liabilities to interest-bearing deposits.

Balance of liabilities toward the Residential Fund of Republika

Srpska as of 31 December 2003 amounted to BAM 13.426

thousand (31 December 2002 - BAM 2.345 thousand).

rev i zorsk i i zve{ ta j / 88

napomena 17

napomena 18

u hiljadama KM

u hiljadama KM

Obaveze prema Ministarstvu Finansija RS

Stanje obaveza po Ugovoru

Dugoro~ni kredit od Bud`eta RS

Uplata prve rate

UKUPNO

UKUPNO

Obaveze po uzetim kreditima obuhvataju primljena sredstva od Ministarstva Finansija

Republike Srpske - Kancelarije za koordinaciju projekta Svetske Banke, Banja Luka sa

rokom dospe}a od 3 do 5 godina i godi{njom kamatnom stopom od 3%. Sredstva su

primljena u svrhe kreditiranja preduze}a iz oblasti poljoprivrede, prehrambene i

industrijske proizvodnje uz godi{nju kamatnu stopu od 9%.

Dugoro~ni kredit od Bud`eta Republike Srpske je preuzet pripajanjem Agroprom banke

a.d. Banja Luka. Kredit je dobijen u januaru 2000. godine radi kupovine obveznica

preduze}a anga`ovanih u strategijskim sektorima, a u skladu sa kreditno-monetarnom

politikom Vlade Republike Srpske.

Kao {to je navedeno u Napomeni 11, Banka je kupila kreditni portfolio od USAID za iznos

od KM 4.825 hiljada.Iznos od KM 2.895 hiljada pla}en je u avgustu 2003. godine, dok je

za preostali iznos od KM 1.930 zaklju~en Ugovor o subordiniranom kreditu.

Saglasno Ugovoru o subordiniranom kreditu, Banka je du`na da subordinirane obaveze

plati u 60 jednakih kvartalnih rata po~ev od 01.12.2003. godine uz fiksnu kamatnu stopu

Euro Libor na godi{njem nivou.

Na dan 31.12.2003. godine Banka je iskazala slede}e subordinirane obaveze u iznosu

umanjenom za prvu ratu upla}enu u decembru teku}e godine:

31.12.03.31.12.03.

31.12.03.31.12.03.

7.463

561

8.024

7.463

561

8.024

1.930

(32)

1.898

1.930

(32)

1.898

31.12.02.31.12.02.

1.696

-

1.696

1.696

-

1.696

obaveze po uzetim kreditima

i ostalim pozajmicama

subordinirane obaveze

aud i tor 's repor t / 89

note 17

note 18

in thousands of BAM

in thousands of BAM

Liabilities towards the Ministry of Finance of RS

Balance of liabilities according to the Agreement

Long-term borrowings from the RS's budget

Firs instalment paid

TOTAL

TOTAL

Liabilities in respect of borrowings include funds granted by the Ministry of Finance of

Republika Srpska Department for co-ordination of the World Bank projects, Banja Luka,

with maturity dates ranging from 3 to 5 years and annual interest rate of 3%. The funds

were borrowed for granting loans to enterprises in the area of agriculture, food and

industry production, bearing interest at the rate of 9% per annum.

Long-term borrowing from the Republika Srpska's budget was overtaken by the

acquisition of Agroprom banka a.d. Banja Luka. The loan was granted in January 2000 for

acquisition of bonds of enterprises involved in strategic sectors, and in line with credit-

monetary policy of the Government of Republika Srpska.

As explained in Note 11, the Bank has purchased a loan portfolio of USAID for the amount

of BAM 4.825 thousand. The amount of BAM 2.895 thousand was paid in August 2003,

while the remaining amount of BAM 1.930 thousand was subject of an Agreement on

subordinated loan.

Pursuant to the Agreement on subordinated loan, the Bank is obliged to repay the

subordinated liabilities in 60 equal instalments, starting from 1 December 2003, with a

fixed interest rate of Euro Libor per annum.

As of 31 December 2003, the Bank recorded the following subordinated liabilities in the

amount reduced by the amount of the first instalment paid in December 2003:

31.12.03.31.12.03.

31.12.03.31.12.03.

7.463

561

8.024

7.463

561

8.024

1.930

(32)

1.898

1.930

(32)

1.898

31.12.02.31.12.02.

1.696

-

1.696

1.696

-

1.696

borrowings

subordinated liabilities

rev i zorsk i i zve{ ta j / 90

napomena 19

u hiljadama KM

Kamate i naknade

Dobavlja~i za stalnu imovinu

Dobavlja~i za obrtnu imovinu

Pasivna vremenska razgrani~enja

Obaveze prema bud`etu grada Banja Luka za kori{}enje gradskog gra|evinskog zemlji{ta

Obaveze za poreze i doprinose

Obaveze prema akcionarima Banke po osnovi raspodele dividendi

Primljeni avansi

Obaveze za neto zarade

Ostale obaveze

UKUPNO

Ostale obaveze se najve}im delom odnose na obaveze prema Ministarstvu Finansija

Republike Srpske (KM 778 hiljada), preuzete pripajanjem Agroprom banke a.d. Banja

Luka. Navedene obaveze poti~u iz perioda pre ukidanja dinara kao sredstva pla}anja u

Republici Srpskoj, a po osnovu izvr{enih pla}anja Ministarstva Finansija Republike

Srpske u korist deponenata Agroprom banke.

31.12.03.31.12.03.

4242

551551

278278

415415

400400

146146

3131

2929

11

1.4471.447

3.3403.340

31.12.02.31.12.02.

66

1313

136136

253253

--

124124

--

99

2424

683683

1.2481.248

ostale obaveze

aud i tor 's repor t / 91

note 19

in thousands of BAM

Interest and fees

Fixed assets suppliers

Current assets suppliers

Deferrals

Budget of the town Banja Luka for use of land

Taxes and contributions

Distribution of dividends to the Bank's shareholders

Advanced received

Net salaries

Other

TOTAL

Other liabilities are mainly related to liabilities towards the Ministry of Finance of

Republika Srpska (BAM 778 thousand), took over by the acquisition of Agroprom banka

a.d. Banja Luka. The aforementioned liabilities originate from the period prior to

cancellation of dinar as payment currency in Republika Srpska, and based on payments

carried out by the Ministry of Finance of Republika Srpska on behalf of Agroprom banka.

31.12.03.31.12.03.

4242

551551

278278

415415

400400

146146

3131

2929

11

1.4471.447

3.3403.340

31.12.02.31.12.02.

66

1313

136136

253253

--

124124

--

99

2424

683683

1.2481.248

other liabilities

rev i zorsk i i zve{ ta j / 92

napomena 20

u hiljadama KM

Akcionarski kapital - obi~ne akcije

Akcionarski kapital - prioritetne akcije

Kapital Banke na dan 31.12. ~ini:

Neraspore|ena dobit ranijih godina

Neraspore|ena dobit teku}e godine

Rezerve kapitala

UKUPNO

Kao {to je navedeno u Napomeni 1, preuzimanjem Agroprom banke a.d. Banja Luka,

Banka je pove}ala akcionarski kapital sa stanjem na dan 01.01.2003. godine sa KM

11.388 hiljada na KM 15.001 hiljada. Izvr{ena statusna promena i pove}anje

akcionarskog kapitala Banke registrovani su u Osnovnom sudu u Bijeljini dana

31.12.2002. godine.

Banka je u toku 2003. godine realizovala VII emisiju prioritetnih akcija u ukupnoj

vrednosti od KM 2.000 hiljade. Emitovano je i prodato 2.000 prioritetnih akcija

pojedina~ne nominalne vrednosti od KM 1.000. Dana 12.12.2003. godine Komisija za

hartije od vrednosti Republike Srpske donela je Re{enje broj 03-UP-031-2454/03 o

uspe{nosti VII emisije prioritetnih kumulativnih akcija.

Banka je izvr{ila upis pove}anja akcionarskog kapitala po osnovu VII emisije prioritetnih

akcija u sudski registar kod nadle`nog suda dana 24.12.2003.godine.

Na osnovu odluke Skup{tine Banke iz marta 2003. godine izvr{ena je raspodela

neraspore|ene dobiti ostvarene u 2002. godini na dividende i ostale rezerve kapitala u

iznosu od KM 2.245 hiljada.

31.12.03.31.12.03.

15.001

2.000

-

2.635

2.029

21.665

15.001

2.000

-

2.635

2.029

21.665

31.12.02.31.12.02.

11.388

-

3

2.245

2

13.638

11.388

-

3

2.245

2

13.638

kapital

Statusna promena - preuzimanje Agroprom banke a.d. B.Luka

VII emisija prioritetnih akcija

Isplata dividendi

aud i tor 's repor t / 93

note 20

in thousands of BAM

Share capital - ordinary shares

Share capital - priority shares

The Bank's shareholders' equity as of 31 December comprises of:

Retained earnings from previous year

Retained earnings from the current year

Bank reserves

TOTAL

As explained in the Note 1, by the merger with Agroprom banka a.d. Banja Luka, the Bank's

share capital has increased as of 1 January 2003, form BAM 11.388 thousand to BAM

15.001 thousand. The status change and the increase of the Bank's share capital were

registered in the Commercial Court in Bijeljina at 31 December 2002.

In 2003 the Bank issued 7th issue od priority shares in total amount of BAM 2.000

thousand. 2.000 priority shares with a a nominal value of BAM 1.000 were issued and

sold. According to the Decision No. 03-UP-031-2454/03 issued by the Investment

Securities Commission of Republika Srpska on 12 December 2003, the 7th issue of

priority shares was declared successful.

On 24 December 2003, the Bank registered with the authorised court the increase of the

share capital in respect of the 7th issue of priority shares.

According the Decision brought by the Bank's Assembly in March 2003, the retained

earnings from 2002 have been distributed to dividends and other capital reserves in the

amount of BAM 2.245 thousand.

31.12.03.31.12.03.

15.001

2.000

-

2.635

2.029

21.665

15.001

2.000

-

2.635

2.029

21.665

31.12.02.31.12.02.

11.388

-

3

2.245

2

13.638

11.388

-

3

2.245

2

13.638

shareholders' equity

Status change - acquisition of Agroprom banka a.d. B.Luka

7th issue of priority shares

Payment of Dividends

rev i zorsk i i zve{ ta j / 94

napomena 21

u hiljadama KM

Aktivne vanbilansne pozicije

Plative garancije

^inidbene garancije

Nepokriveni nostro akreditivi

Neopozive kreditne obaveze

Ukupno aktivne vanbilansne pozicije

Dodatni podaci

Otpisani krediti i garancije

Potra`ivanja za suspendovanu kamatu

Komisioni poslovi

Neutralni podbilans stanova

Pokriveni nostro akreditivi

Loro dokumentarni akreditivi

Ukupno dodatni podaci

UKUPNO VANBILANSNE POZICIJE

Plative garancije se odnose na garantovane obaveze deponenata Banke prema njihovim

poveriocima.

Na dan 31.12.2003. godine Banka je formirala i izdvojila op{te rezerve na stavke rizi~ne

vanbilansne aktive u ukupnom iznosu od KM 367 hiljada. Rezerve za stavke rizi~ne

vanbilansne aktive se odnose na izdate plative garancije, ostale vrste garancija,

nepokrivene akreditive i neopozive kreditne obaveze.

Komisioni poslovi uklju~uju iznos od KM 14.186 hiljada koji predstavlja kredite

Agroprom banke a.d. Banja Luka klasifikovane u kategoriju E, a koji su u skladu sa

Ugovorom o spajanju banaka pripajanjem Agroprom banke a.d. Banja Luka iz decembra

2002. godine ostali u vlasni{tvu dosada{njih akcionara Agroprom banke a.d. Banja Luka i

nisu bili predmet pripajanja.

Navedenim ugovorom i naknadno zaklju~enim internim sporazumom iz aprila 2003.

godine, definisano je da }e Banka vr{iti naplatu kredita klasifikovanih u kategoriju E u

svoje ime a za ra~un dosada{njih akcionara Agroprom banke a.d. Banja Luka, uz naknadu

od 1% iznosa napla}enih kredita.

31.12.03.31.12.03.

10.500

7.156

675

120

18.451

10.500

7.156

675

120

18.451

9.4109.410

1.0651.065

16.35216.352

578578

2.2622.262

316316

29.98329.983

48.43448.434

31.12.02.31.12.02.

10.671

1.637

-

-

12.308

10.671

1.637

-

-

12.308

1.6521.652

138138

5.7615.761

--

--

2.4942.494

10.04510.045

22.35322.353

vanbilansne pozicije

Aktivne vanbilansne pozicije

Dodatni podaci - Komisioni poslovi

aud i tor 's repor t / 95

note 21

in thousands of BAM

Active

Payable guarantees

Performance bonds

Uncovered nostro letters of credits

Irrevocable credit liabilities

Total

Additional data

Written off loans and guarantees

Receivables from suspended intetrest

Managed funds

Neutral sub-balance related to apartmens

Covered nostro letters of credits

Loro documentary letters of credits

Total

TOTAL OFF-BALANCE SHEET ITEMS

Payable guarantees relate to guaranteed liabilities of Bank's depositors towards the

creditors.

As of 31 December 2003, the Bank made and set aside general provision for risk-bearing

off-balance sheet items, in the amount of BAM 367 thousand. The provision for risk-

bearing off-balance sheet items relate to issued payable guarantees, other types of

guarantees, uncovered letters of credits and irrevocable credit liabilities.

The Funds managed on behalf of third parties include the amount of BAM 14.186

thousand that represents Agroprom banka's loans classified into category E, and that, in

accordance with the Agreement on merger of banks from December 2002, remained the

property of previous shareholders of Agroprom banka a.d. Banja Luka, and have not been

subject of the acquisition.

Pursuant to the aforementioned Agreement and afterwards signed internal agreement

from April 2003, the Bank is to collect the payment of loans classified into category E in its

name and on behalf of the previous shareholders of Agroprom banka a.d. Banja Luka, with

a commission of 1% of the amount of loans collected.

31.12.03.31.12.03.

10.500

7.156

675

120

18.451

10.500

7.156

675

120

18.451

9.4109.410

1.0651.065

16.35216.352

578578

2.2622.262

316316

29.98329.983

48.43448.434

31.12.02.31.12.02.

10.671

1.637

-

-

12.308

10.671

1.637

-

-

12.308

1.6521.652

138138

5.7615.761

--

--

2.4942.494

10.04510.045

22.35322.353

off-balance sheet items

Active Off-Balance Sheet Items

Additional Data - Managed Funds

rev i zorsk i i zve{ ta j / 96

napomena 22

napomena 23

u hiljadama KM

Dividende akcionarima

Isplate rukovodstvu

Prenos u zakonske rezerve

Prenos u ostale rezerve

UKUPNO

Ukupni krediti odobreni fizi~kim licima koja su povezana sa Bankom (~lanovi uprave,

rukovodstvo Banke i radnici Banke) ne prelazi 10% osnovnog kapitala Banke, odnosno

odobreni krediti jednom fizi~kom licu koje je povezano sa Bankom ne prelaze 1% iznosa

osnovnog kapitala Banke.

Na dan 31.12.2003.godine Banka nema odobrene kredite pravnim licima kod kojih ima

u~e{}a u kapitalu, niti kredite odobrene akcionarima koji poseduju preko 5%

akcionarskog kapitala Banke.

Na osnovu Odluke Skup{tine Banke od 19.03.2004. godine izv{ena je raspodela dobiti

ostvarene u 2003. godini u iznosu od KM 2.635 hiljada na slede}i na~in:

IznosIznos

2.149

270

132

84

2.635

2.149

270

132

84

2.635

odnosi sa povezanim stranama

doga|aji nakon datuma bilansa stanja

aud i tor 's repor t / 97

note 22

note 23

in thousands of KM

Dividends to shareholders

Payment to the management

Transfer to legal reserves

Transfer to other reserves

TOTAL

Total loans granted to individuals related to the Bank (members of the management, the

Bank's management and employees) do not exceed 10% of the Bank's share capital, i.e.

loans granted to an individual related to the Bank do not exceed 1% of the Bank's share

capital.

At 31 December 2003, the Bank has no loans granted to legal entities where the Bank has

investment in share, nor loans granted to shareholders that own more than 5% of the

Bank's share capital.

Based on the Decision of the Bank's Assembly dated 19 March 2004, the net profit for the

year 2003 amounting to CM 2.635 thousand has been distributed as follows:

AmountAmount

2.149

270

132

84

2.635

2.149

270

132

84

2.635

related parties disclosures

post balance sheet events