PASHA BANK ANNUAL REPOT 2024

PAGE SECTION ONE GENERAL INFORMATION I. History of the bank including its incorporation date, initial legal status, amendments to legal status 128 II. Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the year and information on its risk group 129 III. Information on bank’s board of directors chairman and members, audit committee members, chief executive officer, executive vice presidents and their responsibilities and shareholdings in the bank 129 IV. Information on bank’s qualified shareholders 130 V. Summary information on the bank’s activities and services 130 VI. Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between the bank and its subsidiaries 131 SECTION TWO UNCONSOLIDATED FINANCIAL STATEMENTS I. Balance sheet 132 II. Off-balance sheet items 134 III. Statement of profit or loss 136 IV. Statement of profit or loss and other comprehensive income 137 V. Statement of changes in shareholders’ equity 138 VI. Statement of cash flows 140 VII. Statement of profit distribution 141 SECTION THREE EXPLANATIONS ON ACCOUNTING POLICIES I. Basis of presentation 142 II. Explanations on strategy of using financial instruments and foreign currency transactions 143 III. Explanations on forward transactions, options and derivative instruments 143 IV. Explanations on interest income and expense 144 V. Explanations on fee and commission income and expense 144 VI. Explanations on financial assets 144 VII. Explanations on expected credit loss 146 VIII. Explanations on offsetting financial assets 148 IX. Explanations on sales and repurchase agreements and securities lending transactions 148 X. Explanations on assets held for resale and fixed assets from discontinued operations and liabilities related with these assets 149 XI. Explanations on goodwill and other intangible assets 149 XII. Explanations on property and equipment 149 XIII. Explanations on investment properties 150 XIV. Explanations on leasing transactions 150 XV. Explanations on provisions and contingent commitments 151 XVI. Explanations on obligations related to employee rights 151 XVII. Explanations on taxation 151 XVIII. Explanations on borrowings 154 XIX. Explanations on issuance of shares certificates 154 XX. Explanations on avalized drafts and acceptances 154 126 PASHA Bank 2024 Annual Report Index