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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