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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