Komplett Bank annual report 2019

Banking is changing	3
Komplett Bank in brief	4
2019 in numbers	6
Letter from the CEO	8
Shareholder information	10
Corporate governance	12
Declaration concerning corporate social responsibility	18
Management	20
Board of Directors’ Report	22
Confirmation on Annual Report and Board of Director’s Report	30
Board of Directors	32
Financial statements	35
Statement of profit or loss and other comprehensive income for the period	36
Statement of financial position as at the end of the period	37
Statement of cash flow for the period	38
Statement of changes in equity for the period	39
Notes to the financial statements	40
Note 1 Accounting principles	41
Note 2 Loans to customers	47
Note 3 Loans and deposits with credit institutions	79
Note 4 Certificates and bonds	79
Note 5 Intangible assets and fixed assets	80
Note 6 Shareholders	81
Note 7 Specification of debt	83
Note 8 Items not recognised in the balance sheet	84
Note 9 Capital adequacy	84
Note 10 Specification of interest and commission and fees	86
Note 11 Payments to employees and remuneration to trustees	87
Note 12 Specification of costs	91
Note 13 Tax	91
Note 14 Share option programme	93
Note 15 Liquidity and interest rate risk	94
Note 16 Earnings per share and key figures	98
Note 17 Related parties and other information	99
Note 18 Risk management	99
Note 19 Classification of financial instruments	100
Note 20 Financial instruments assessed at fair value	101
Note 21 Events after the reporting period	102
Note 22 Alternative performance measures	102
Note 23 Leasing agreements	105
Auditor’s report	106

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