Disclosure Of Material Accounting Policy Information [Text Block]

Komercni Banka A.S. - Filing #6018189

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	Principal accounting policies
Description of accounting policy for collateral [text block]	Loans and advances collateral management
Description of accounting policy for contingent liabilities and contingent assets [text block]	Contingent assets, contingent liabilities, and off-balance sheet items
Description of accounting policy for deferred income tax [text block]	Deferred income tax
Description of accounting policy for depreciation expense [text block]	For the right-of-use asset, the Group uses similar accounting policies as for its own assets of the same nature. The right-of-use asset is measured at cost, less accumulated depreciation and impairment losses, and adjusted for any remeasurements of the lease liability. The right-of-use asset is depreciated on a straight-line basis over the lease term and the depreciation is reported in the Statement of Income in the line
Description of accounting policy for derecognition of financial instruments [text block]	Dates of recognition and derecognition
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents
Description of accounting policy for employee benefits [text block]	Employee benefits
Description of accounting policy for fair value measurement [text block]	Fair value and hierarchy of fair value
Description of accounting policy for fee and commission income and expense [text block]	Net fee and commission income
Description of accounting policy for financial assets [text block]	Financial assets and liabilities classification and subsequent measurement
Description of accounting policy for financial instruments [text block]	Financial instruments
Description of accounting policy for financial instruments at fair value through profit or loss [text block]	Measurement at fair value through profit or loss
Description of accounting policy for financial liabilities [text block]	Initial measurement of financial assets and financial liabilities
Description of accounting policy for foreign currency translation [text block]	The financial statements of the consolidated subsidiaries used to prepare the Consolidated Financial Statements were prepared as of the Bank’s financial statements date and using consistent accounting policies. The assets and liabilities of foreign subsidiaries and branches are translated into the Bank’s presentation currency at the rate of exchange as of the Bank’s financial statements date, and their items of income and expense are translated at the monthly average exchange rates for the respective month of a given transaction. Exchange differences arising on translation are taken directly to a separate component of equity. The consolidation principles are unchanged as against the previous year. All intragroup transactions, balances, income, and expenses were eliminated in full.
Description of accounting policy for functional currency [text block]	Functional and presentation currency
Description of accounting policy for goodwill [text block]	Goodwill
Description of accounting policy for hedging [text block]	Derivatives and hedge accounting
Description of accounting policy for impairment of financial assets [text block]	Impairment of financial assets
Description of accounting policy for income tax [text block]	Income tax
Description of accounting policy for leases [text block]	Leases
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]	Assets held for sale
Description of accounting policy for interest income and expense [text block]	Net interest income
Description of accounting policy for investment in associates [text block]	Investments in associates are presented in the Consolidated Financial Statements using the equity method if their financial statements are significant relative to the Group’s consolidated financial statements, particularly regarding Group consolidated total assets and gross operating income, or if they are strategic investments. An associate is an entity in which the Bank has significant influence, i.e. directly or indirectly owns 20% to 50% of voting rights but it does not exercise control. Equity accounting involves recognising in the Consolidated Statement of Income and in the Consolidated Statement of Comprehensive Income the Group’s share of the associates’ profit or loss for the period and comprehensive income for the period. The Group’s interest in an associate is initially recognised at cost in the Statement of Financial Position and adjusted thereafter for the post-acquisition change in the investor’s share in the investee’s net assets.
Description of accounting policy for property, plant and equipment [text block]	Tangible and intangible assets (except goodwill)
Description of accounting policy for provisions [text block]	Provisions
Description of accounting policy for reclassification of financial instruments [text block]	Reclassification of financial assets and liabilities
Description of accounting policy for recognising in profit or loss difference between fair value at initial recognition and transaction price [text block]	“Day 1” profit or loss
Description of accounting policy for recognition of revenue [text block]	Recognition of income and expenses
Description of accounting policy for repairs and maintenance [text block]	Repairs and maintenance are charged directly to the Statement of Income when they occur.
Description of accounting policy for repurchase and reverse repurchase agreements [text block]	Repurchase agreements
Description of accounting policy for research and development expense [text block]	The acquisition cost of internally generated intangible assets comprises external expenses and internal personnel expenses related to an internal project’s development phase. The Group capitalises no expenses related to the research phase.
Description of accounting policy for segment reporting [text block]	Operating segments
Description of accounting policy for share-based payment transactions [text block]	Deferred bonus payments
Description of accounting policy for subsidiaries [text block]	The Consolidated Financial Statements incorporate the financial statements of the Bank and of its subsidiaries whose financial statements are significant relative to the Group’s consolidated financial statements, particularly regarding Group consolidated total assets and gross operating income. A subsidiary is an entity in which the Bank has control, i.e. the Bank is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. When assessing control, the Group considers all relevant facts and circumstances while taking into account particularly voting rights, potential voting rights, and contractual arrangements. This assessment may require the use of accounting judgements. Subsidiaries are consolidated using the full method of consolidation from the date when the Bank obtains control to the date when the Bank ceases to exercise control over such entity.
Description of accounting policy for trading income and expense [text block]	Net profit/(loss) on financial operations
Description of accounting policy for treasury shares [text block]	Equity
Description of accounting policy for warrants [text block]	A contingent liability also exists in the case of a present obligation where an outflow of resources embodying economic benefits probably will not be required to settle the obligation or the amount of the obligation cannot be measured reliably. Contingent liabilities include, for example, irrevocable loan commitments, commitments arising from bank guarantees, bank acceptances, letters of credit, and warrants.