Annual report 2002 Nadace České spořitelny

Transcription

1 Annual report 2002 Nadace České spořitelny

2 2 Annual report 2002

3 Nadace České spořitelny 3 Contents: Introductory 4 Financial report for Assets as of Dec. 31, Financial contributions administrated by foundation 6 Auditor s Report 8 Balance sheet 9 Profit and Loss Account 13 Enclosure to Financial Statements 15

4 4 Annual report 2002 Introductory Dear Friends, As an institution which cares about the problems of our society, Česká spořitelna, a. s. has always felt morally obliged to support projects that serve the public. On Jan. 30, 2002 Česká spořitelna, a. s. established the Foundation of Česká spořitelna. The foundation was set up in order to support projects in the areas of culture, education and science, public and social matters, health care, charity, community activities, sports and environmental protection. Futhermore, the foundation is allowed to provide support to individuals, who find themselves in emergency circumstances due to catastrophic events. The foundation s bodies are the Administrative Board and the Supervisory Board. Our thanks belong to Česká spořitelna, a. s. which not only established the foundation but is also its most significant contributor. We believe that the foundation will succeed in serving its mission and will help to do much good.

5 Nadace České spořitelny 5 Financial report for year ending 31 December 2002 Revenues: Interest income tax exempt Interest from term deposits Total revenues Expenses: bookkeeping, tax reporting legal advice bank fees income tax Total expenses Donations: Received from corporate bodies corporate bodies designate for floods individuals designate for floods Administered contributions to individuals - consequence of floods Transfer to foundation capital Balance of donations ,77 Kč ,92 Kč ,69 Kč ,00 Kč 7.550,00 Kč 6.857,50 Kč ,00 Kč ,50 Kč 250, ,00 Kč 9, ,20 Kč ,20 Kč 3, ,00 Kč 250, ,00 Kč 5, ,40 Kč Assets as of 31 December 2002 Cash balances in accounts at Česká spořitelna a. s. conto conto conto , ,01 Kč 7.773,63 Kč 1.296,45 conto Fiducia conto ,62 Kč ,35 Kč Total cash at banks 6, ,06 Kč Balance of allotments in Fiducia fund ISIN AT Number of allotments Value Kč Comment 2, , ,31 Registered in foundation capital , ,76 Total 2, , ,07

6 6 Annual report 2002 Financial contributions administered by Foundation of Česká spořitelna a) Contributions to individuals Foundation administered 147 contributions to employees of Česká spořitelna a. s., who were affected by floods. Value of each contribution was 25 t Kč. Total of contributions amounted to 3, Kč. b) Contributions to corporate bodies No contributions to corporate bodies were administered in Received donations a) Donations from individual donors Employees of Česká spořitelna a.s. paid total of ,20 Kč in contributions to account designate for support of individuals affected by floods. Total of 310 donors contributed. Donations of the two following donators exceeded Kč: Josef Bárta ,- Kč, Martin Jungmann ,- Kč. b) Donations from corporate bodies I. Donations designate to accomplish the foundation s purpose Česká spořitelna, a. s. 250, ,- Kč II. Donations designate to remedy consequences of floods 1. Donations from branches of Česká spořitelna exceeding Kč Donater value Kč Donater value Kč ČS, a. s. centrála 6, ČS, a. s. OP Praha ČS, a. s. OP Kladno ČS, a. s. OP Opava ČS, a. s. OP Ostrava ČS, a. s. OP Prostějov ČS, a. s. OP Svitavy ČS, a. s. OP Č. Budějovice ČS, a. s. OP Břeclav ČS, a. s. OP Liberec ČS, a. s. OP Pardubice ČS, a. s. OP Praha ČS, a. s. OP Zlín ČS, a. s. OP Karlovy Vary ČS, a. s. OP Olomouc ČS, a. s. OP Karviná ČS, a. s. OP Klatovy ČS, a. s. OP Brno ČS, a. s. OP H. Králové ČS, a. s. OP Nový Jičín ČS, a. s. OP Náchod ČS, a. s. OP Most

7 Nadace České spořitelny 7 Donater value Kč Donater value Kč ČS, a. s. OP Kolín ČS, a. s. OP Plzeň ČS, a. s. OP Písek ČS, a. s. OP Tábor ČS, a. s. OP Jihlava ČS, a. s. OP Děčín ZOOS ČS Kolín ČS, a. s. OP Praha ČS, a. s. OP Ústí n. L ČS, a. s. OP Praha Total 9, ,- Kč 2. Donations from trade unions of Česká spořitelna up to Kč ,00 Kč 3. Donations from abroad - unknown donors ,20 Kč Total of donations received from corporate bodies designate for flood consequences 9, ,20 Kč Donations received from corporate bodies 259, ,20 Kč Donations received from individuals ,20 Kč Total 259, ,40 Kč

8 8 Annual report 2002

9 Nadace České spořitelny 9 Ministry of finance âr approved by MF âr No. 283/77225/2001 for entities accounting according to classification for non-profit organizations To be submitted to FÚ Balance sheet as of Dec. 12, 2002 (in thousands Kã) IâO Úã. No Name and address: Nadace âeské spofiitelny Olbrachtova 62 Praha 4 ASSETS Row. as of first day as of last day a b 1 2 A. Fixed assets r Intangible results of research and similary activities (012) 2 Intangible Software (013) 3 fixed Valuable rights (014) 4 assets Minor items of intangible fixed assets (018) 5 Other intangible fixed assets (019) 6 Acquisition of intangible assets in progress (041) 7 Advancements for intangible fixed assets (051) 8 Subtotal r. 2 to intangible results of research and similary activities (072) 10 Accumulated software (073) 11 amortization valuable rights (074) 12 of minor items of intangible fixed assets (078) 13 other intangible fixed assets (079) 14 Subtotal r. 10 to Land (031) 16 Tangible Work of art and collections (032) 17 fixed Buldings (021) 18 assets Capital equipment units and property (022) 19 Perennial crops (025) 20 Breeding and draught animals (026) 21 Minor items of tangible assets (028) 22 Other tangible assets (029) 23 Acquisition of tangible assets in progress (042) 24 Advancements for tangible fixed assets (052) 25 Subtotal r. 16 to buildings (081) 27 Accumulated capital equipment units and property (082) 28 depreciation perennial crops (085) 29 of breeding and draught animals (086) 30 minor items of tangible assets (088) 31 other tangible assets (089) 32 Subtotal r. 27 to Shares and ownership investments in enterprises with controlling influence (061) 34 Financial Shares and ownership investments in enterprises with substantial influence (062) 35 investments Other securities and ownership investments (063) 36 Loans to enterprises in group (066) 37 Other long-term loans (067) 38 Other financial investments (069) Acquisition of financial investments in progress (valid from 2002) (043) 40 Subtotal r. 34 to

10 10 Annual report 2002 Row. as of first day as of last day a b 1 2 B. Short-term assets r Materials in stock (112) 43 Inventory Materials in transfer (119) 44 Work in progress (121) 45 Semi-finished products (122) 46 Products (123) 47 Animals (124) 48 Merchandise in stock (132) 49 Merchandise in transfer (139) 50 Advancements for inventory (acc. 314) 51 Subtotal r. 43 to Trade receivables (311) 53 Receivables Bills of exchange (312) 54 Receivables - issued securities (313) 55 Prepayment (314 except r. 51) 56 Other receivables (315) 57 Receivables on employees (335) 58 Social security (336) 59 Tax on income (341) 60 7 Other direct taxes (342) 61 Value added tax (343) 62 Other taxes and charges (345) 63 Receivables by virtue of financial relation to the state budget (346) 64 Receivables by virtue of financial relation to the local government budget (348) 65 Receivables on association (358) 66 Receiables on fixed term operations (valid from 2002) (373) 67 Receivables on bonds issued (375) 68 Other receivables (378) 69 Allowances on receivables (391) 70 Subtotal r. 53 to 69 minus r Cash in hand (211) 72 Financial Postal stationery (213) 73 assets Cash in bank (221) Sharing securities (251) 75 Debt securities (253) 76 Other securities (256) 77 Acquisition of financial assets in progress (valid from 2002) (259) 78 Cash in transfer (+/-261) 79 Subtotal r. 72 to Deferred expenses (381) 81 Temporary Accrued revenues (385) 82 accounts Foreign currencies exchange losses (386) 83 Estimated receivables (388) 84 Subtotal r. 81 to TOTAL ASSETS r

11 Nadace České spořitelny 11 LIABILITIES Row. as of first day as of last day a b 3 4 A. Own sources of financing fixed and current assets r Capital (901) Equity Funds (911) Differences from reevaluation of assets and liabilities (valid from 2002) (+/-921) Subtotal r. 88 to Profit/loss for current year (+/-963) 92 x 594 Profit/loss Profit/loss in approval process (+/-931) 93 x Retained income, unpaid losses (+/-932) 94 Subtotal r. 92 to B. Other sources r Legal reserves (941) Bonds (953) 98 Long-term Rent payables (954) 99 liabilities Long-term deposits received (955) 100 Long-term notes (958) 101 Other long-term liabilities (959) 102 Subtotal r. 97 to Trade payables (321) Short-term Short-term notes (322) 105 liabilities Deposits received (324) 106 Other liabilities (325) Payables to emploees (331) 108 Other payables to emploees (333) 109 Payables to social and health security (336) 110 Tax on income payable (341) 111 Other direct taxes (342) 112 Value added tax (343) 113 Other taxes and charges (345) 114 Payables by virtue of financial relation to the state budget (346) 115 Payables by virtue of financial relation to the local government budget (348) 116 Payables by virtue of subscribed securities and deposits (367) 117 Payables to association (368) 118 Payables resulting from fixed term operations (valid from 2002) (373) 119 Other payables (379) 120 Subtotal r. 104 to Long-term bank loans (951) 122 Bank loans Short-term bank loans (231) 123 and Loans by virtue of discounted notes (232) 124 financial Issued short-term bonds (241) 125 accommo- Issued bonds (255) 126 dations Other short-term financial accommodations (249) 127 Subtotal r. 122 to Accrued expenses (383) 129 Temporary Deferred revenues (384) 130 accounts Foreign currencies exchange gains (387) 131 Estimated payabvles (389) Subtotal r. 129 to TOTAL LIABILITIES r

12 12 Annual report 2002 Note: Balances of individual accounts given in the Assets side of the balance sheet are recognized as difference between Debit and Credit turnover. Depending on a result of subtraction, the amount is entered as positive or negative value. Balances of individual accounts given in the Liabilities side of the balance sheet are recognized as difference between Credit and Debit turnover. Depending on a result of subtraction, the amount is enetred as positive or negative value.accounts no. 336, 341, 342, 343, 345 represent exception to this rule, and their balances are always entered as a positive value in the balance sheet a)in the Assets side in case Debit turnover is higher than Credit turnover, b)in the Liabilities side in case Credit turnover is higher than Debit turnover. Sent on: Stamp: Signature of Signature of person Compilated on: responsible person: responsible for compilation: Phone:

13 Nadace České spořitelny 13 Ministry of finance âr approved by MF âr No. 283/77225/2001 for entities accounting according to classification for non-profit organizations To be submitted to FÚ Profit and loss statement as of Dec. 12, 2002 (in thousands Kã) IâO Úã. No Name and address: Nadace âeské spofiitelny Olbrachtova 62 Praha 4 Account Economic Total No. Criterium Row Consumption of material Consumption of energy Consumption of other non-stockable supplies Cost of merchandise sold Maintenance Travel expenses Representation cost Other service Wages and salaries Statutory social security expenses Other social security expenses Legal social expenses Other social expenses Road tax Property tax Other taxes and fees Contractual fines and penalties Other penalties Un-collectable accounts receivable expenses Interest Exchange rate loss Gifts Involuntary conversion Other expenses Amortization of intangible and depreciation of tangible assets Net book value of sold tangible and intangible assets Sold securities and deposits Sold raw materials Creation of legal reserves Creation of legal allowances Contributions given to org.units Contributions given 32 Total class 5 (r. 1 to 32)

14 14 Annual report 2002 Account Economic Total No. Criterium Row Revenues from own products Revenues from rendering services Revenues from merchandise Change in inventory of work in progress Change in inventory of semi-finished products Change in inventory of own products Change in inventory of animals Capitalisation of materials and merchandise Capitalisation of own services Capitalisation of intangible assests Capitalistation of tangible assets Contractual fines and delay interest Other fines and penalties Revenues from un-collectable receivables Interest Exchange rate profits Clearing of equity accounts Other revenues Revenues from sale of tangible and intangible assets Revenues from sale of securities and deposits Revenues from sale of raw materials Revenues from short-term financial assets Clearing of legal reserves Revenues from long-term financial assets Clearing of legal allowances Contributions received from operational units Contributions received Membership fees received Operating grants 62 Total class 6 (r. 34 to 62) Net income/loss before taxation Income tax Additional tax on income from prior periods 66 Net income/loss after taxation (r ) (+/-) Sent on: Stamp: Signature of Signature of person Compilated on: responsible person: responsible for compilation: Phone:

15 Nadace České spořitelny 15 Ministry of finance âr approved by MF âr No. 283/77225/2001 for entities accounting according to classification for non-profit organizations To be submitted to FÚ Enclosure to financial statement as of Dec. 12, 2002 (in thousands Kã) IâO Úã. No Name and address: Nadace âeské spofiitelny Olbrachtova 62 Praha 4 1. Accounting entity provides the data resulting from 3rd part of the Act in a supplement 2. Additional data accepted fact Item Row 1 2 State budget grants for assets (total) 1 out of which system grants for assets 2 out of which for science and research 3 education of stuff 4 IT 5 individual grants for concrete actions 6 Means received from abroad for assets (total) 7 USC budget grants for assets 8 State budget operating grants (total) 9 out of which for science and research 10 education of stuff 11 IT 12 USC budget operating grants (total) 13 Means received from abroad for operation 14 Receivables total (classes 31, 34, 35, acc. 378) 15 x 7 Liabilities total (classes 32, 34, 36, 95, acc. 379) 16 x Entity provides further data not included in points 1 and 2 knowledge of which is essential in order to judge its situation and which are decisive for its economy or which are required by enactment or founder (as another part of supplement). Sent on: Stamp: Signature of Signature of person Compilated on: responsible person: responsible for compilation: Phone:

16 16 Annual report 2002 Enclosure to financial statement 1. Description of The Foundation and main activities 1.1 Constitution of The Foundation The Foundation of Česká spořitelna (further referred to as "The Foundation") was established by Česká spořitelna, a.s., Prague 4, Olbrachtova 62 čp The Foundation was enlisted in foundation register at Municipal Court on 30 January 2002, N, 433. Purpose of The Foundation is support of projects in the area of culture, education and science, public and social matters, medical care, charity, municipal activities, sport and ecology support of individuals in difficult situation caused by unpredictable events, Seat of The Foundation Nadace České spořitelny Olbrachtova 1929/62 Praha 4 Česká republika IČ: Members of Administrative and Supervisory board as at 31 December 2002 Members of Administrative Board Members of Supervisory Board Ing. Karel Machytka Ing. Martin Němeček chairman of Administrative Board chairman of Supervisory Board Ing. Václav Kubata Ing. Ivan Vondra vice-chairman of Administrative Board Ing. Richard Brejník John James Stack Ing. Martin Škopek Ing. Daniel Heler Boris Johannes Marte Eugenia Askren 1.2 Legal Representation The Foundation is legally represented by any two of the following members of Administrative Board: Ing. Karel Machytka, Ing. Václav Kubata, John James Stack, Ing. Martin Škopek, Ing. Daniel Heler, Eugenia Askren by adding their signatures to the name of The Foundation.

17 Nadace České spořitelny Summary of Significant Accounting Principles 2.1 Bookkeping procedures Bookkeeping of The Foundation is being carried out in accordance with the Act on Accounting No. 563/1991 Coll. and based on the chart of accounts designate for non-for-profit organizations (further on reffered to as "chart of accounts") in accordance with Provision of Ministry of Finance ref. No. 283/76 102/2000 as amended by Provision ref. No 283/77 225/ Foundation Capital Foundation was registered with initial foundation capital of Kč. During the year the foundation capital was increased by 250, Kč. Foundation capital is monetary value of total of financial and natural deposits and donations enlisted in the foundation register. Foundation capital amounts to 250, Kč and is composed of 2, allotments of Fiducia fund ISIN AT administered by Česká spořitelna a.s., IČ , registered office at Olbrachtova 1929/62, Praha 4, according to Agreement on Administration of bonds and securities of 20 February Total value of Foundation capital must be in excess of Kč and can not drop below this limit during existence of The Foundation. 2.3 Costs related to administration of The Foundation Costs of - and related to administration of The Foundation are recorded separately from contributions.

18 18 Annual report Additional information to Balance Sheet and Profit and Loss Account 3.1 Financial Assets and participation bonds Cash is being maintained in current accounts in Czech Crowns. Balance as of 31 December 2002 amounted t Kč. Long term financial assets are composed of 2, allotments of Fiducia fund ISIN AT administered by Česká spořitelna based on agreement on asset management of securities in total value of t Kč. These allotments are registered in Foundation capital. Apart of these, the Foundation also holds allotments of Fiducia fund ISIN in total value 1, Kč AT which are not registered in Foundation capital. 3.2 Liabilities Balance of Trade liabilities amounts 7 t Kč, and is represented by upaid invoices for accounting and legal services and charge related to opening of current accounts. All liabilities lie within payment terms. 3.3 Received donations Donations from corporate bodies in 2002 amounted t Kč. Donations from individuals amounted 238 t Kč. Substantial part of donations from corporate bodies (250, Kč) is formed by the donation from Ceska sporitelna. This donation was in accordance with the decision of Administrative Board of Nov. 18, 2002 transferred and registered as increased foundation s capital. Entry in the register was made on Dec. 23, Administered contributions The Foundation did not administer contributions to corporate bodies in Contributions to individuals in 2002 amounted t Kč and were aimed to employees of Financial group of Česká spořitelna to remedy damages in consequence of floods. 3.5 Revenues from Financial Assets Tax-exempt interest from cash balances on current accounts amounted 178 t Kč. Interest from term deposits subject to income tax amounted 535 t Kč.

19 Nadace České spořitelny Running costs of The Foundation Operational costs amounted 119 t Kč. Composed of: in Kč Bookkeeping 32 Legal advice 7 Bank fees 7 Income tax 73 Total 119 Foundation did not charge labour costs as foundation s activities were limited. Administration of foundation was executed by employees of Ceska sporitelna. Costs connected with this service in 2002 do not exceed amount of 40 t Kč. 4. Own resources balancing fixed and current assets in Kč 000 Registered Funds Pricing Result of finan- Total Capital varinaces cial period Balance as at 1 January Funds (donations) Foundation capital Pricing variances Surplus Balance as of 31 December Result After tax surplus of 2002 amounted 594 t Kč.

20 20 Annual report Income Tax Income tax for 2002 amounted 73 t Kč. 6. Additional information In accordance with the decision of Česká spořitelna, a. s., the founder of the foundation, merger of the Foundation CS-Heart and Foundation of Česká spořitelna is being prepared for 2nd half of The purpose of the original foundation is identical with the purpose of the Foundation of Česká spořitelna. Total costs connected with administration of foundation amount to 0,05 % of the value of foundation s capital as of Dec. 31, 2002, ie. below 2,5 % which is stated in the foundation s statutes. Thus the rule on expenditure on foundation s administration in accordance with 22, par. 1, letter b) on foundations and foundation funds (No. 227/1997 Coll.) was observed. Signature of statutory body: function: chairman of Administrative Board name: Ing. Karel Machytka function: vice-chairman of Administrative Board name: Ing. Václav Kubata signature signature