Komplett Bank Annual Report 2020

Banking is changing	3
Komplett Bank in brief	4
2020 in numbers	6
Letter from the CEO	8
Shareholder information	10
Board of Directors	12
Management	14
Corporate governance	16
ESG/Sustainability/CSR report 2020	22
Board of Directors’ Report	30
Confirmation on Annual Report and Board of Directors’ Report	38
Financial statements	41
Statement of profit or loss and other comprehensive income for the period	42
Statement of financial position as at the end of the period	43
Statement of cash flow for the period	44
Statement of changes in equity for the period	45
Notes to the financial statements	46
Note 1 Accounting principles	47
Note 2 Loans to customers	53
Note 3 Loans and deposits with credit institutions	84
Note 4 Certificates and bonds	84
Note 5 Intangible assets and fixed assets	85
Note 6 Shareholders	86
Note 7 Specification of debt	88
Note 8 Items not recognised in the balance sheet	89
Note 9 Capital adequacy	89
Note 10 Specification of interest and commission and fees	91
Note 11 Payments to employees and remuneration to trustees	92
Note 12 Specification of costs	98
Note 13 Tax	98
Note 14 Share option programme	100
Note 15 Liquidity and interest rate risk	102
Note 16 Earnings per share and key figures	105
Note 17 Related parties and other information	106
Note 18 Risk management	106
Note 19 Classification of financial instruments	107
Note 20 Financial instruments assessed at fair value	108
Note 21 Alternative performance measures	109
Note 22 Leasing agreements	111
Note 23 Reworked comparable numbers	112
Note 24 Contingent liabilities	113
Note 25 Covid 19 update	113
Note 26 Events after the reporting period	113
Auditor’s report	114

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