SAB-QSr 4/2004 Form (quarter/year)

Transcription

1 NORDEA BP SABQSr 4/2004 w tys zł. SABQSr 4/2004 Form (quarter/year) (for banks) Pursuant to 57, Item 2 and 58, Item 1Regulation of the Council of Ministers of 16 October 2001 (J. of Laws No. 139, Item 1569, J. of Laws of 2002, No. 31, Item 280) Executive Board of NORDEA BANK POLSKA S.A. announces the consolidated quarterly report for the 4th Quarter of 2004: Dated 28 February 2005 (submission date) SELECTED FINANCIAL DATA (current year) period from 1 Jan 2004 to 31 Dec 2004 in PLN 000 in EUR 000 4Q 2004, 4Q 2003, 4Q 2004, 4Q 2003, period from 1 period from 1 period from 1 Jan 2003 to 31 Jan 2004 to 31 Jan 2003 to 31 Dec 2003 Dec 2004 Dec 2003 I. Income on interest II. Income on commission III. Result on banking activities IV. Result on operating activities V. Gross profit (loss) VI. Net profit (loss) VII. Net cash flow on operating activities VIII. Net cash flow on investment activities IX. Net cash flow on financial activities X. Total net cash flow XI. Total assets XII. Liabilities due to Central Bank 0 0 XIII. Liabilities due to financial sector XIV. Liabilities due to nonfinancial and state budget sector XV. Equity XVI. Share capital XVII. Number of shares XVIII. Book value per share (PLN / EUR) 14,97 14,84 3,67 3,15 XIX. Diluted book value per share (PLN / EUR) XX. Solvency ratio 11,59 14,48 XXI. Profit (loss) per one ordinary share (PLN / EUR) 0,11 0,43 0,02 0,10 XXII. Diluted profit (loss) per one ordinary share (PLN / EUR) XXIII. Declared or paid dividend per one ordinary share (PLN / EUR) Komisja Papierów Wartościowych i Giełd 1

2 NORDEA BP SABQSr 4/2004 w tys zł. CONSOLIDATED BALANCE SHEET (PLN 000) 31 Dec 2004 end of Quarter / 2004 as at as at as at as at 30 Sep Dec 2003 end of prev. end of Quarter Quarter / 2003 / Sep 2003 end of prev. Quarter / 2003 A s s e t s I. Cash / operations with the Central Bank II. Debt securities admitted to refinancing in the Central Bank III. Liabilities due from the financial sector Shortterm liabilities a) current accounts b) other shortterm liabilities Longterm liabilities IV. Liabilities due from the nonfinancial sector Shortterm liabilities a) current accounts b) other shortterm liabilities Longterm liabilities V. Liabilities due from the budget sector Shortterm liabilities a) current accounts b) other shortterm liabilities Longterm liabilities VI. Securities bought with the promise of repurchase VII. Debt securities VIII. Liabilities due from subsidiary units, valued by ownership rights method Liabilities from subsidiaries Liabilities from associates 3. Liabilities from affiliates IX. Shares in subsidiaries, valued by ownership rights method X. Shares in associates, valued by ownership rights method XI. Shares in affiliates, valued by ownership rights method XII. Shares in other units XIII. Other securities / financial assets XIV. Intangible assets, including: goodwill XV. Goodwill of subsidiary units XVI. Tangible fixed assets XVII. Other assets Acquired for sale Inventories 3. Other XVIII. Accruals / prepayments Deferred taxation Other T o t a l a s s e t s L i a b i l i t i e s I. Due to the Central Bank II. Due to the financial sector Shortterm liabilities a) current accounts b) other shortterm liabilities Longterm liabilities III. Due to the nonfinancial sector Shortterm liabilities a) customer accounts, including: term deposits Komisja Papierów Wartościowych i Giełd 2

3 NORDEA BP SABQSr 4/2004 w tys zł. b) other shortterm liabilities, including: term deposits 2. Longterm liabilities, including: term deposits IV. Due to the budget sector Shortterm liabilities a) current accounts b) other shortterm liabilities Longterm liabilities V. Securities sold with a promise of repurchase VI. Debt securities issued to the public Shortterm Longterm VII. Other financial instruments VIII. Liabilities due to subsidiary units, valued by ownership rights method Liabilities to subsidiaries 2. Liabilities to associates 3. Liabilities to affiliates IX. Specialpurpose funds and other liabilities X. Deferred and restricted costs / income Deferred costs Negative goodwill 3. Other deferred / restricted income XI. Negative goodwill of subsidiary units XII. Provisions Provision on deferred taxation Other provisions a) shortterm b) longterm XIII. Subordinated liabilities XIV. Minority capital XV. Share capital XVI. Unpaid contributions to share capital (negative value) XVII. Own shares (negative value) XVIII. Standby capital XIX. Capital from revaluation XX. Other reserve capital XXI. Exchange rate differences resulting from revaluation of subsidiary units 1. Positive exchange rate differences 2. Negative exchange rate differences XXII. Profit (loss) from previous years XXIII. Net profit (loss) T o t a l l i a b i l i t i e s Solvency ratio 11,59 13,12 14,48 14,37 Book value Number of shares Book value per one share (PLN) 14,97 14,61 14,84 14,13 Diluted number of shares Diluted book value of one share (PLN) CONSOLIDATED OFFBALANCE SHEET ITEMS 31 Dec 2004 end of Quarter / 2004 as at as at as at as at 30 Sep Dec 2003 end of prev. end of Quarter Quarter / 2003 / Sep 2003 end of prev. Quarter / 2003 I. Contingent liabilities granted and received Liabilities granted: Komisja Papierów Wartościowych i Giełd 3

4 NORDEA BP SABQSr 4/2004 w tys zł. a) financial b) guarantees Liabilities received: a) financial b) guarantees II. Liabilities arising from purchase / sales transactions III. Other liabilities: securities issue underwriting T o t a l o f f B a l a n c e S h e e t i t e m s Q Q 2004, 4Q Q 2003, CONSOLIDATED INCOME STATEMENT period from 1 period from 1 period from 1 period from 1 Oct 2004 to 31 Jan 2004 to 31 Oct 2003 to 31 Jan 2003 to 31 Dec 2004 Dec 2004 Dec 2003 Dec 2003 I. Income on interest II. Interest expenses III. Result on interest (III) IV. Income on commission V. Commission expenses VI. Result on commission (IVV) VII. Net income on sales of products, commodities and materials VIII. Cost of products, commodities and materials sold IX. Cost of sales X. Result on sales (VIIVIIIIX) XI. Income on shares and other variable interest securities 1. From subsidiaries 2. From associates 3. From affiliates 4. From other units XII. Result on financial operations XIII. Result on foreign exchange dealing XIV. Result on banking activities XV. Other operating income XVI. Other operating expenses XVII. Costs of banking activities XVIII. Depreciation of fixed assets and intangible assets XIX. Depreciation of provisions and revaluation Depreciation of target provisions and general risk provisions Revaluation of financial assets XX. Release of target provisions and revaluation Release of target provisions and general risk provisions Revaluation of financial assets XXI. Difference in value of provisions and revaluation (XIX XX) XXII. Result on operating activities XXIII. Result on extraordinary operations Extraordinary profit Extraordinary loss 2 8 XXIV. Depreciation of goodwill of subsidiary units XXV. Depreciation of negative goodwill of subsidiary units XXVI. Gross profit (loss) XXVII. Income tax Current Deferred XXVIII. Other obligatory decrease of profit (increase of loss) Komisja Papierów Wartościowych i Giełd 4

5 NORDEA BP SABQSr 4/2004 w tys zł. XXIX. Share in net profits (losses) of subsidiaries, valued by ownership rights method XXX. Minority (profit) loss XXVII. Net profit (loss) Net profit (loss) for the year (annualised) Weighted average number of ordinary shares Profit (loss) per ordinary share (PLN) 0,11 0,43 Diluted weighted average number of ordinary shares Diluted profit (loss) per ordinary share (PLN) Methodology of calculating weighted average number of ordinary shares: for the 4rd quarter of 2003: (5/12* /12* = ) for the 4th quarter of 2004: (12/12* = ) 4Q Q 2004, 4Q Q 2003, STATEMENT OF CHANGES IN CONSOLIDATED EQUITY period from 1 period from 1 period from 1 period from 1 Oct 2004 to 31 Jan 2004 to 31 Oct 2003 to 31 Jan 2003 to 31 Dec 2004 Dec 2004 Dec 2003 Dec 2003 I. Balance at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors I.a. Balance at the beginning of the period, after adjusting against comparable data Share capital at the beginning of the period Changes in the share capital a) increase due to share issue appraisal of the acquired company s capital b) decrease due to redemption of shares 1.2. Share capital at the end of the period Unpaid contribution to share capital at the beginning of the period 2.1. Changes in the unpaid contributions to the share capital a) increase b) decrease 2.2. Unpaid contribution to the share capital at the end of the period 3. Own shares at the beginning of the period a) increase b) decrease 3.1.Own shares at the end of the period 4. Standby capital at the beginning of the period Changes in the standby capital a) increase issue of shares above the nominal value dividend (statutory) dividend (above the statutory requirement) appraisals of the acquired company s supplementary capital liquidation of fixed assets subject to valuation update 3 subsidiaries company's supplementary capital b) decrease coverage of loss costs of issue other Komisja Papierów Wartościowych i Giełd 5

6 NORDEA BP SABQSr 4/2004 w tys zł Standby capital at the end of the period Capital from revaluation at the beginning of the period Changes in the capital from revaluation a) increase valuation of financial assets available for sale valuation of tangible fixed assets deduction of deferred taxation b) decrease sales of fixed assets liquidation of fixed assets subject to valuation update 1 2 valuation of financial assets available for sale deduction of deferred taxation Capital from revaluation at the end of the period General risk fund at the beginning of the period Changes in the general risk fund 38 a) increase b) decrease 38 adjustments of the presentation method of provisions for general risk General risk fund at the end of the period Other reserve capital at the beginning of the period Changes in other reserve capital 43 a) increase 43 due to division of profit from previous years 43 b) decrease 7.2. Other reserve capital at the end of the period Exchange rate differences resulting from revaluation of subsidiary units 9. Profit (loss) from previous years at the beginning of the period 9.1. Profit from previous years at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors 9.2. Profit from previous years at the beginning of the period, after adjustment against the comparable data Change of profit from previous years a) increase 43 due to division of profit from previous years return from the Internal Revenue 43 b) decrease 43 due to division of profit from previous years Profit from previous years at the end of the period Loss from previous years at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors 9.6. Loss from previous years at the beginning of the period, after adjustment against the comparable data Change of loss from previous years Komisja Papierów Wartościowych i Giełd 6

7 NORDEA BP SABQSr 4/2004 w tys zł. a) increase loss from previous years carried over for distribution loss brought forward from previous quarter loss from previous years subsidiaries company b) decrease coverage of previous years losses from supplementary Loss from previous years at the end of the period Profit (loss) from previous years at the end of the period Net result a) Net profit b) Net loss II. Balance at the end of the period III. Equity after proposed dividend (coverage of loss) Q Q 2004, STATEMENT period from 1 period from 1 Oct 2004 to 31 Jan 2004 to 31 Dec 2004 Dec 2004 CONSOLIDATED CASH FLOW 4Q Q 2003, period from 1 period from 1 Oct 2003 to 31 Jan 2003 to 31 Dec 2003 Dec A. Cash retained from / utilised in operating activities I. Net profit (loss) II. Total adjustments: Minority profit (loss) 2. Share in net (profits) losses of subsidiaries, valued by ownership rights method 3. Depreciation, including: depreciation of goodwill of subsidiary units and negative goodwill of subsidiary units 4. Profit (loss) on exchange Interest and shares in profits (dividends) (Profit) loss on investment activities Change in the provisions Changes in the inventories 9. Changes in the debt securities Changes in the liabilities due from the financial sector Changes in the liabilities due from the nonfinancial sector and budget sector Securities bought with the promise of repurchase 13. Changes in the shares, securities and other financial assets 14. Changes in liabilities due to the financial sector Changes in the liabilities due to the nonfinancial sector and budget sector Securities sold with the promise of repurchase 17. Changes in the liabilities due on securities 18. Changes in other liabilities Changes in accruals / prepayments Changes in deferred / restricted income Other adjustments III. Net cash retained from / utilised in operating activities (I +/ II) B. Cash utilised in investment activities Komisja Papierów Wartościowych i Giełd 7

8 NORDEA BP SABQSr 4/2004 w tys zł. I. Proceeds Proceeds from disposal of shares in subsidiaries 2. Proceeds from disposal of shares in associates 3. Proceeds from disposal of shares in affiliates Proceeds from disposal of shares in other units, other securities or financial assets 5. Proceeds from disposal of intangible assets and fixed assets 6. Proceeds from disposal of investments in real properties and tangible assets 7. Other investment proceeds II. Expenses Acquisition of shares in subsidiaries 2. Acquisition of shares in associates 3. Acquisition of shares in affiliates Acquisition of shares in other units, other securities or financial assets 5. Acquisition of intangible assets and fixed assets Acquisition of investments in real properties and tangible assets 7. Other investment expenses III. Net cash utilised in investment activities (I II) C. Cash effects of financial activities I. Proceeds Longterm loans from other banks 2. Longterm loans from financial entities, other than banks 3. Issue of debt securities 4. Increase in the subordinated liabilities 5. Net proceeds from share issue and contributions to capital 6. Other financial proceeds II. Expenses Repayment of longterm loans due to other banks Repayment of longterm loans due to financial entities, other than banks 3. Repurchase of debt securities 4. Other financial liabilities 5. Finance lease charges 6. Decrease in the subordinated liabilities 7. Dividends and earnings attributable to shareholders 8. Minority dividends and other minority shares in profit 9. Dividend expenses, other than attributable to shareholders 10. Acquisition of own shares 11. Other financial expenses III. Net cash effects of financial activities (I II) D. Total net cash flow (A.III +/ B.III +/ C.III) E. Balance Sheet adjustment of cash, including: change in the cash due to exchange differences F. Cash at the beginning of the period G. Cash at the end of the period (F+/ D), including: of limited availability Komisja Papierów Wartościowych i Giełd 8

9 NORDEA BP SABQSr 4/2004 w tys zł. ABRIDGED QUARTERLY FINANCIAL REPORT OF THE PARENT COMPANY BALANCE SHEET (PLN 000) 31 Dec 2004 end of Quarter / 2004 as at as at as at as at 30 Sep Dec 2003 end of prev. end of Quarter Quarter / 2003 / Sep 2003 end of prev. Quarter / 2003 A s s e t s I. Cash / operations with the Central Bank II. Debt securities admitted to refinancing in the Central Bank III. Liabilities due from the financial sector Current accounts Term deposits IV. Liabilities due from the nonfinancial sector Current accounts Term deposits V. Liabilities due from the budget sector Current accounts Term deposits VI. Securities bought with the promise of repurchase VII. Debt securities VIII. Shares in subsidiaries IX. Shares in associates X. Shares in affiliates XI. Shares in other units XII. Other securities / financial assets XIII. Intangible assets, including: goodwill XIV. Tangible fixed assets XV. Other assets Acquired for sale Other XVI. Accruals / prepayments Deferred taxation Other T o t a l a s s e t s L i a b i l i t i e s I. Due to the Central Bank II. Due to the financial sector Current accounts Term deposits III. Due to the nonfinancial sector Customer accounts, including: a) current accounts b) term deposits 2. Other, including: a) current accounts b) term deposits IV. Due to the budget sector Current accounts Term deposits V. Securities sold with a promise of repurchase VI. Debt securities issued to the public Shortterm Longterm VII. Other financial instruments VIII. Specialpurpose funds and other liabilities Komisja Papierów Wartościowych i Giełd 9

10 NORDEA BP SABQSr 4/2004 w tys zł. IX. Deferred and restricted costs / income Deferred costs Negative goodwill 3. Other deferred / restricted income X. Provisions Provision on deferred taxation Other provisions a) shortterm b) longterm XI. Subordinated liabilities XII. Share capital XIII. Unpaid contributions to share capital (negative value) XIV. Own shares (negative value) XV. Standby capital XVI. Capital from revaluation XVII. Other reserve capital XVIII. Profit (loss) from previous years XVII. Net profit (loss) T o t a l l i a b i l i t i e s Solvency ratio 11,60 13,09 14,48 14,16 Book value Number of shares Book value per one share ( PLN) 14,97 14,61 14,84 14,16 Diluted number of shares Diluted book value of one share ( PLN) OFFBALANCE SHEET ITEMS 31 Dec 2004 end of Quarter / 2004 as at as at as at as at 30 Sep Dec 2003 end of prev. end of Quarter Quarter / 2003 / Sep 2003 end of prev. Quarter / 2003 I. Contingent liabilities granted and received Liabilities granted: a) financial b) guarantees Liabilities received: a) financial b) guarantees II. Liabilities arising from purchase / sales transactions III. Other liabilities: securities issue underwriting T o t a l o f f B a l a n c e S h e e t i t e m s Komisja Papierów Wartościowych i Giełd 10

11 NORDEA BP SABQSr 4/2004 w tys zł. INCOME STATEMENT 4Q Q 2004, period from 1 Oct 2004 to 31 Dec 2004 period from 1 Jan 2004 to 31 Dec Q Q 2003, period from 1 Oct 2003 to 31 Dec 2003 period from 1 Jan 2003 to 31 Dec 2003 I. Income on interest II. Interest expenses III. Result on interest (III) IV. Income on commission V. Commission expenses VI. Result on commission (IVV) VII. Income on shares and other variable interest securities From subsidiaries From associates 3. From affiliates 4. From other units VIII. Result on financial operations IX. Result on foreign exchange dealing X. Result on banking activities XI. Other operating income XII. Other operating expenses XIII. Costs of banking activities XIV. Depreciation of fixed assets and intangible assets XV. Depreciation of provisions and revaluation Depreciation of target provisions and general risk provisions Revaluation of financial assets XVI. Release of target provisions and revaluation Release of target provisions and general risk provisions Revaluation of financial assets 0 0 XVII. Difference in value of provisions and revaluation (XV XVIII. Result on operating activities XIX. Result on extraordinary operations Extraordinary profit Extraordinary loss 2 8 XX. Gross profit (loss) XXI. Income tax Current deferred XXII. Other obligatory decrease of profit (increase of loss) XXIII. Share in net profits (losses) of subsidiaries, valued by ownership rights method XXIV. Net profit (loss) Net profit (loss) for the year Weighted average number of ordinary shares Profit (loss) per ordinary share (PLN) 0,11 0,43 Diluted weighted average number of ordinary shares Diluted profit (loss) per ordinary share (PLN) Methodology of calculating weighted average number of ordinary shares: for the 4th quarter of 2003: (5/12* /12* = ) for the 4th quarter of 2004: (12/12* = ) Komisja Papierów Wartościowych i Giełd 11

12 NORDEA BP SABQSr 4/2004 w tys zł. 4Q Q 2004, 4Q Q 2003, STATEMENT OF CHANGES IN EQUITY period from 1 period from 1 period from 1 period from 1 Oct 2004 to 31 Jan 2004 to 31 Oct 2003 to 31 Jan 2003 to 31 Dec 2004 Dec 2004 Dec 2003 Dec 2003 I. Balance at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors I.a. Balance at the beginning of the period, after adjusting against comparable data Share capital at the beginning of the period Changes in the share capital a) increase due to share issue appraisal of the acquired company s capital b) decrease due to redemption of shares 1.2. Share capital at the end of the period Unpaid contribution to share capital at the beginning of the period 2.1. Changes in the unpaid contributions to the share capital a) increase b) decrease 2.2. Unpaid contribution to the share capital at the end of the period 3. Own shares at the beginning of the period a) increase b) decrease 3.1.Own shares at the end of the period 4. Standby capital at the beginning of the period Changes in the standby capital a) increase issue of shares above the nominal value dividend (statutory) dividend (above the statutory requirement) appraisals of the acquired company s supplementary capital liquidation of fixed assets subject to valuation update 3 b) decrease coverage of loss costs of issue other 4.2. Standby capital at the end of the period Capital from revaluation at the beginning of the period Changes in the capital from revaluation a) increase valuation of financial assets available for sale valuation of tangible fixed assets deduction of deferred taxation b) decrease sales of fixed assets liquidation of fixed assets subject to valuation update 1 2 valuation of financial assets available for sale deduction of deferred taxation Komisja Papierów Wartościowych i Giełd 12

13 NORDEA BP SABQSr 4/2004 w tys zł Capital from revaluation at the end of the period General risk fund at the beginning of the period Changes in the general risk fund 38 a) increase b) decrease 38 adjustments of the presentation method of provisions for general risk General risk fund at the end of the period Other reserve capital at the beginning of the period Changes in other reserve capital 43 a) increase 43 due to division of profit from previous years 43 b) decrease 7.2. Other reserve capital at the end of the period Profit (loss) from previous years at the beginning of the period Profit from previous years at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors 8.2. Profit from previous years at the beginning of the period, after adjustment against the comparable data Change of profit from previous years a) increase 43 due to division of profit from previous years return from the Internal Revenue 43 b) decrease 43 due to division of profit from previous years Profit from previous years at the end of the period Loss from previous years at the beginning of the period a) amendment of accounting rules adopted b) adjustment of errors 8.6. Loss from previous years at the beginning of the period, after adjustment against the comparable data Change of loss from previous years a) increase loss from previous years carried over for distribution loss brought forward from previous quarter b) decrease coverage of previous years losses from supplementary capital Loss from previous years at the end of the period Profit (loss) from previous years at the end of the period Net result a) Net profit b) Net loss II. Balance at the end of the period III. Equity after proposed dividend (coverage of loss) Komisja Papierów Wartościowych i Giełd 13

14 NORDEA BP SABQSr 4/2004 w tys zł. 4Q Q 2004, STATEMENT period from 1 period from 1 Oct 2004 to 31 Jan 2004 to 31 Dec 2004 Dec 2004 CASH FLOW 4Q Q 2003, period from 1 period from 1 Oct 2003 to 31 Jan 2003 to 31 Dec 2003 Dec A. Cash retained from / utilised in operating activities I. Net profit (loss) II. Total adjustments: Share in net (profits) losses of subsidiaries, valued by ownership rights method 2. Depreciation Profit/loss on exchange 4. Interest and shares in profits (dividends) (Profit) loss on investment activities Change in the provisions Changes in the debt securities Changes in the liabilities due from the financial sector Changes in the liabilities due from the nonfinancial sector and budget sector 10. Securities bought with the promise of repurchase 11. Changes in the shares, securities and other financial assets 12. Changes in the liabilities due to the financial sector Changes in the liabilities due to the nonfinancial sector and budget sector 14. Securities sold with the promise of repurchase 15. Changes in the liabilities due on securities 16. Changes in other liabilities Changes in accruals / prepayments Changes in deferred / restricted income Other adjustments III. Net cash retained from / utilised in operating activities (I +/ II) B. Cash utilised in investment activities I. Proceeds Proceeds from disposal of shares in subsidiaries 2. Proceeds from disposal of shares in associates 3. Proceeds from disposal of shares in affiliates Proceeds from disposal of shares in other units, other securities or financial assets 5. Proceeds from disposal of intangible assets and fixed assets 6. Proceeds from disposal of investments in real properties and tangible assets 7. Other investment proceeds II. Expenses Acquisition of shares in subsidiaries 2. Acquisition of shares in associates 3. Acquisition of shares in affiliates 4. Acquisition of shares in other units, other securities or financial assets 5. Acquisition of intangible assets and fixed assets Acquisition of investments in real properties and tangible assets 7. Other investment expenses III. Net cash utilised in investment activities (I II) C. Cash effects of financial activities I. Proceeds Komisja Papierów Wartościowych i Giełd 14

15 NORDEA BP SABQSr 4/2004 w tys zł. 1. Longterm loans from other banks 2. Longterm loans from financial entities, other than banks 3. Issue of debt securities 4. Increase in the subordinated liabilities 5. Net proceeds from share issue and contributions to 6. Other financial proceeds II. Expenses Repayment of longterm loans due to other banks Repayment of longterm loans due to financial entities, other than banks 3. Repurchase of debt securities 4. Other financial liabilities 5. Finance lease charges 6. Decrease in the subordinated liabilities 7. Dividends and earnings attributable to shareholders 8. Dividend expenses, other than attributable to shareholders 9. Acquisition of own shares 10. Other financial expenses III. Net cash effects of financial activities (I II) D. Total net cash flow (A.III +/ B.III +/ C.III) E. Balance Sheet adjustment of cash, including: change in the cash due to exchange differences F. Cash at the beginning of the period G. Cash at the end of the period (F+/ D), including: of limited availability The consolidated quarterly report should include the information specified in 61 Item 3 and 4, Regulation of the Council of Ministers of 16 October 2001 (J. of Laws. No 139, Item. 1569). Signature of the Company s Signature of the representative Chief Accountant Date: Date: Komisja Papierów Wartościowych i Giełd 15

16 Nordea BP SABQSr 4/2004 Additional information to the consolidated report for the 4 th Quarter of 2004 Pursuant to 61, Item 3 and 4 and 58, Item 1 of the Regulation of the Council of Ministers of 16 October 2001 (Journal of Laws No. 139, Item 1569, and No. 31 of 2002, Item 280), the Management Board of the Bank hereby presents the following information: I. Comments to extended report for the 4 th Quarter of 2004: 1. Factors and events influencing the result was a time of stabilization and improvement of financial situation for Nordea Bank Polska S.A. The changes resulting from the merger with LG Petro Bank S.A. such as restructurization of the branch network, optimization of employment structure, and harmonization of bank products and services started to bring expected results. After four quarters of 2004, Nordea Bank Polska S.A. achieved a positive net result of 3,7 mio. The first quarter result showed a small profit reversing the negative trend. The following quarters improved the financial result gradually and the last quarter brought a net profit of 10,8 mio. Nordea Bank Polska S.A. performance in 2004 can be summarized in the following way: The Gross Profit achieved 14,9 mio compared to 2,5 mio in Net Profit improved from 11,4 mio in 2003 to 3,7 mio in Gross Customer Loans grew by 11% from 3,364 mio to 3,723 mio and Customer Deposits by 7% to 2,963 mio, improving the Bank s market shares for Loans and Deposits. Total assets grew by almost 25% to 5,1 billion. Costs from banking activities fell after realizing merger synergies (LG Petro Bank) by the restructuring of the Branch Network and downsizing the workforce. Costs from banking activities in the fourth quarter fell to 36,1 mio from 42,1 mio in Q (15%). The quality of the loan portfolio improved. The ratio of irregular loans to total loans improved from 26% to 15% in The Bank recovered a major part of its overdue receivables as a result of its debtcollection activities in the total amount of PLN 61,4 million (interest and principal). The customer base continued to grow. Number of Private Individuals amounted to (+14%) and Corporate customers (+28%). 2. Description of the Capital Group of Nordea Bank Polska S.A.: At the end of Quarter , the Capital Group consists of a parent (Nordea Bank Polska S.A. with its seat in Gdynia) and the following subsidiaries: 1) Inwestycje Kapitałowe S.A. with its seat in Gdańsk (subsidiary). The composition of the Capital Group of Nordea Bank Polska S.A. did not change in relation to the previous quarter and the Bank s percent share in its subsidiary s share capital as at 31 December 2004, is as follows: Inwestycje Kapitałowe S.A. 100% (189,440 shares); 100% votes at the General Shareholders Meeting. 3. The extended consolidated quarterly report includes: consolidated Balance Sheet, consolidated Profit and Loss Account, consolidated OffBalance Sheet Report, Statement of Changes in the Consolidated Equity and consolidated Cash Flow Statement of Nordea Bank Polska S.A. Capital Group as at 31 December 2004, as well as abridged quarterly financial report of the parent entity including: Balance Sheet, Profit and Loss Account, OffBalance Sheet Report, Statement of Changes in the Equity and Cash Flow Statement of Nordea Bank Polska S.A. as at 31 December 2004 (consolidated as well as standalone figures for the previous period as at 31 December 2003). 4. The extended consolidated financial reports were made pursuant to the following regulations: Accounting Law of 29 September 1994 (J. of Laws of 2002, No. 76, Item 694 as amended). Ordinance of the Minster of Finance of 10 December 2001 on detailed rules of bank accounting (J. of Laws No. 149, Item 1673 as amended), Ordinance of the Minster of Finance of 10 December 2003 on rules of creating provisions for banking risk (J. of Laws No. 218, Item 2147), Ordinance of the Minster of Finance of 12 December 2001 on detailed rules of recognising financial instruments, as well as the principles of valuating, scope of disclosing and methods of presenting thereof (J. of Laws No. 149, Item 1674 as amended), Ordinance of the Minster of Finance of 12 December 2001 on rules of preparing consolidated financial reports by banks as well as financial holdings (J. of Laws No. 152, Item 1728), Securities and Exchange Commission 16

17 Nordea BP SABQSr 4/2004 Ordinance of the Council of Ministers of 11 August 2004 on detailed principles applicable to issue prospectus and abridged prospectus (J. of Laws No. 186, Item 1921), Ordinance of the Council of Ministers of 16 October 2001 on the type of current and periodical information reported by issuers of securities (J. of Laws No. 139, Item 1569 as amended), Banking Law of 29 August 1997 (J. of Laws No. 72, 2002, Item 665 as amended). The accounting principles and the methodology of valuating assets and liabilities, as well as the measurement of the financial result, were described in the Introduction to the extended consolidated semiannual financial report for 2004 (SABPSr 2004). The data presented as at 31 December 2004 (both consolidated and standalone) have not been verified by an auditor yet. The comparable data presented as at 31 December 2003 at the end of previous year (both consolidated and standalone) were taken from the consolidated and stand alone year financial reports for 2003 (SABRS 2003; SABR 2003) verified by the auditor, taking changes presented in extended consolidated halfyear financial report for the 1 st half of 2004 (SABPSr 2004) verified by the auditor. The financial statements of Nordea Bank Polska SA as on 31 December 2004 make allowances for the results of the operations of the Brokerage Office an organizational unit of the Bank in the amount of PLN (158,000). In the consolidated financial report of the Capital Group of Nordea Bank Polska S.A. as at 31 December 2004 as well as at 30 September 2004 and as at 31 December 2003, the subsidiary entity Inwestycje Kapitałowe S.A. was consolidated according to the full method. Compared to the period in 2003 (as at 30 September 2003), the subsidiaries were consolidated according to the ownership rights method. As the contribution of the subsidiaries to the Bank's balance sheet is immaterial, no changes were made in the presentation of the data for the three quarters of Costs related to the Bank Guarantee Fund are shown under Item XVII of the consolidated Profit and Loss Account (Cost of banking activities and general management) and amount to 1,169 kpln. 6. Under Item A II. 10 of the consolidated Cash Flow Statement (A II. 8 of the standalone Cash Flow Statement): Changes in liabilities due from the financial sector, the changes in the provisions for receivables in the following amounts were taken into account: (80) kpln (four quarters progressively / 2004). 1,207 kpln (four quarters progressively / 2003). 7. Under Item A II. 11 of the consolidated Cash Flow Statement (Item A II. 9 of the standalone Cash Flow Statement): Changes in liabilities due from the nonfinancial and budget sector, the changes in the provisions for receivables in the following amounts were taken into account: (9,116) kpln (four quarters progressively / 2004). 665 kpln (four quarters progressively / 2003). 8. Under Item A II. 21 of the consolidated Cash Flow Statement (Other adjustments), the following provisions were taken into account: (863) kpln (four quarters progressively / 2004) 2,732 kpln (four quarters progressively / 2003) 9. Under the consolidated as well as standalone Cash Flow Statement, the cash balance refers to: cash in hand, funds on the account with the National Bank of Poland, Bills of Exchange, funds in Nostro accounts, deposits and interest with maturity terms up to 3 months. 10. Items shown under the Selected Financial Data were converted into EUR (000) pursuant to 60 Item 2 of the Ordinance of the Council of Ministers of 16 October 2001, based on: Average exchange rate of the National Bank of Poland as at 31 December 2004, i.e.: 1 EUR = PLN (Balance Sheet items: four quarters progressively / 2004) Exchange rate applied as an arithmetic average of the average rates of the National Bank of Poland as at the last day of each finished month of financial year 2004, i.e.: 1 EUR = PLN (Items: Profit and Loss Account, Cash Flow Statement: four quarters progressively / 2004) which was calculated as an arithmetic average of the following rates: Date Rate Securities and Exchange Commission 17

18 Nordea BP SABQSr 4/ Average exchange rate of the National Bank of Poland as at 31 December 2003, i.e.: 1 EUR = PLN (Balance Sheet items: four quarters progressively / 2003) The rate which is the arithmetic average of the average rates applied by NBP at the last day of each finished month of the financial year 2003, i.e.: 1 EUR = PLN (Items: Profit and Loss Account, Cash Flow Statement: four quarters progressively / 2003) which was calculated as an arithmetic average of the following rates: Date Rate II. Major achievements or nonperformances of the Issuer and its Capital Group during the reported period, including the most important events. 1. Introducing bonds, series O2, to trading Pursuant to the resolution No. 129/04 of 10 November 2004, the Management Board of Centralna Tabela Ofert S.A. introduced under a standard procedure to trading on the CeTO market 23,838 (twentythree thousand eight hundred and thirtyeight) bearer shares, series O2, with a par value of PLN (one hundred zloties) each, issued by Nordea Bank Polska S.A. cleared for trading pursuant to the Resolution of the Management Board of CeTO S.A. No. 46/04 of 10 March 2004 and designated with the code PLBKMNL00174 pursuant to the resolution No. 436/04 of the Management Board of KDPW S.A. (National Depository for Securities) of 27 September For the aforementioned bonds, the resolution sets out: 1) date of trading launch 15 November 2004, 2) date of trading close 14 June 2005, 3) trading unit 1 pc., 4) obligatory batch 50 pcs., 5) symbol NOBPO2, 6) quotation market bonds retail market. 2. Early redemption of the series O2 bonds and their writeoff On 20 December 2004, in accordance with point of the Issue Prospectus for the bonds of Nordea Bank Polska S.A. of series O2, a transaction was executed by the Bank consisting in the redemption of the series O2 bonds, in order to write them off. The transaction was executed on the regulated market run by MTS CeTO S.A. The transaction involved 60 bonds. The unit purchase price was 102,24 zł. The settlement of the transaction at the National Depository of Securities took place on Securities and Exchange Commission 18

19 Nordea BP SABQSr 4/2004 On 17 January 2005, the Bank received Resolution No19/05, dated 14 January 2005 of the Management Board of the National Depository of Securities with information that due to the fact that on , Nordea Bank Polska S.A. redeemed 60 of its own bonds in order to write them off, the National Depository of securities is holding bonds which bear the code PLBKMNL Early redemption of the series O1 bonds and their writeoff On 4 February 2005, in accordance with point of the Issue Prospectus for the bonds of Nordea Bank Polska S.A. of series O1, a transaction was executed by the Bank consisting in the redemption of the series O1 bonds, in order to write them off. The transaction was executed on the regulated market run by MTSCeTO S.A. The transaction involved 4,434 bonds. The unit purchase price was 102,66 zł. The settlement of the transaction at the National Depository of Securities took place on The third interest period for the Series O1 Bonds The Management Board of Nordea Bank Polska S.A. has announced that the amount of interest owing to the holders of Series O1 Bonds of Nordea Bank Polska S.A. for the third interest period, lasting from 17 February 2005 to 17 August 2005, accrued in accordance with chapter 8.3 of the Issue Prospectus of the Series O1 Bonds of Nordea Bank Polska S.A., is PLN 2.97 (two zlotys and ninety seven groszy) per bond (the coupon in the third interest period). The interest rate applicable on the Series O1 Bonds in the third interest period amounts to 5.95% per annum. The interest table for the third interest period (from the first to the last day of the interest period) was attached to the Current Report No. 5/2005 dated Significant agreements and issued guarantees On , Nordea Bank Polska S.A. entered into a factoring agreement with a customer for the period from to The total amount of the transactions amounted to PLN 109,321k. At the same time, the Bank entered into another contract for financing with another customer, concerning the same amount, with the option of postponement of the maturity date till The agreement has been concluded on terms no worse than prevailing on the market. A criterion for recognising the agreement as significant exceeding the 10% threshold of the Bank's equity (regarding the total exposure to the Customer). Nordea Bank Polska S.A. as of joined a banking syndicate for the purpose of granting a loan to a Customer. On , the syndicated banks granted a loan in the total amount of EUR thousand. Participation of Nordea Bank Polska S.A. up to EUR thousand. This agreement was concluded on market terms. The period of validity until 7 October On , Nordea Bank Polska S.A. signed with a Customer a Risk sharing agreement in connection with a loan agreement effective from to The value of the transaction as at the date of signing this agreement is PLN thousand. The agreement was concluded on market terms. On 2 February 2005, Nordea Bank Polska S.A. issued a guarantee for a Customer for the amount of PLN thousand, valid until 04 June The total value of the Bank s exposure arising from the guarantees issued for the Customer is PLN thousand (the guarantees issued in foreign currency were converted at the exchange rate prevailing on the day when the current report was delivered that is ). The total value of the Bank s exposure to this Customer Group is PLN thousand. The guarantee was issued on market terms. The biggest value of a guarantee issued for this Customer is EUR thousand EUR valid until Conversion and assimilation of shares On and , the Management Board of the National Depository of Securities S.A. (acting under Resolution No 575/04 dated and Resolution No 618/04 dated ) made an assimilation of ordinary bearer shares of Nordea Bank Polska S.A., created after the exchange of registered shares designated with code PLBKMNL00034, registered shares designated with code PLBKMNL00042, registered shares designated with code PLBKMNL00059 and registered shares designated with code PLBKMNL00091, carried out on , for ordinary bearer shares of Nordea Bank Polska S.A. designated with code PLBKMNL After the assimilation, on 16 December 2004, shares of Nordea Bank Polska S.A. based in Gdynia were admitted to stock exchange trading on the primary market (under resolutions of the Management Board of Securities and Exchange Commission 19