Rules on the Forms and Content of Items in Financial Statement Forms to be Completed by Banks

"RS Official Gazette", No. 74/2008, 3/2009, /correct. 12/2009 and 5/2010 Pursuant to Article 26, paragraph 2 of the Accounting and Auditing Law (“RS Official Gazette”, No. 46/2006), the Governor of the National Bank of Serbia hereby issues the following R U L E S ON THE FORMS AND CONTENT OF ITEMS IN FINANCIAL STATEMENT FORMS TO BE COMPLETED BY BANKS
I. BASIC PROVISIONS
Article 1
These Rules prescribe financial statement forms to be completed by banks and the content of items in the following forms: Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity and Statistical Annex, as well as the minimum content of notes to such financial statements. The statement forms referred to in paragraph 1 hereof are enclosed herewith as Schedules 1, 2, 3, 4 and 5, and are integral thereto.
Article 2
The forms referred to in Article 1 hereof shall be completed by entering data under groups of accounts and accounts prescribed by the Rules on the Chart of Accounts and Content of Accounts in the Chart of Accounts for Banks (“RS Official Gazette”, Nos. 98/2007 and 57/2008) into appropriate fields in columns for the current and prior year. All amounts disclosed in the statement forms referred to in Article 1 hereof shall be expressed in thousands of dinars.
Article 3
In compliance with Articles 30 and 31 of the Accounting and Auditing Law and the Rules on the Detailed Requirements and Method of Receiving, Reviewing, Recording, Processing and Publishing Financial Statements, the Manner of Keeping and Contents of the Register of Financial Statements and Data on Solvency of Legal Entities and Entrepreneurs and on Provision of Data from Such Statements (“RS Official Gazette”, No 2/2010), banks shall submit one copy of financial statements as at 31 December of the current year (hereinafter: financial statements), using the following financial statement forms: Balance Sheet, Income Statement, Statement of Cash Flows, Statement of Changes in Equity and Statistical Annex, as well as one

copy of notes to financial statements.
Article 4

In its approved financial statement, a bank which underwent a status change or had bankruptcy or liquidation proceedings instituted against it shall disclose consolidated data for the entire reporting period, as a net amount, after the balancing of results before and after the change, and shall designate all such statement forms with either “STATUS CHANGE”, “BANKRUPTCY” or “LIQUIDATION”. A bank incorporated following a change in status or sale in bankruptcy shall present data as a newly incorporated bank, and shall designate all statement forms with either “INCORPORATION" or "SALE".
II. CONTENT OF ITEMS IN THE BALANCE SHEET FORM
Article 5
A bank shall enter data in columns 5 and 6 of the Balance Sheet form, in accordance with the content of groups of accounts and accounts from column 1 of such form. At the time of completing the balance sheet statement, as well as following change in status, sale of bank, institution or completion of regular liquidation or bankruptcy proceedings, data referring to corresponding groups of accounts and individual accounts specified in column 1 of this form shall be entered under ADP codes 001 through 014 of assets and 101 through 126 of liabilities and off-balance sheet items. Data referring to the financial statement period as at the closing balance sheet date shall be entered in column 5 of assets, liabilities and off-balance sheet items. Prior year data shall be entered in column 6 of assets, liabilities and off-balance sheet items (opening balance for the current year). If prior year data have been adjusted to comply with regulations, such adjusted data shall be entered in column 6.
III. CONTENT OF ITEMS IN THE INCOME STATEMENT FORM
Article 6

A bank shall enter data in columns 5 and 6 of the Income Statement form, in accordance with the content of groups of accounts and accounts from column 1 of such form. At the time of completing the income statement, as well as following change in status, sale of bank, institution or completion of regular liquidation or bankruptcy proceedings, the following data shall be entered in the ADP column: under ADP codes 201 through 229 – income and expenses from regular operations, under ADP codes 232 and 233 – profit and loss from discontinued operations, under ADP codes 234 and 235 – profit and loss before tax, under ADP code 236 – tax on profit, under ADP codes 237 and 238 – profit and loss from deferred tax assets and deferred tax liabilities, and under ADP codes 239 and 240 – profit and loss after tax. Data in dinars, without paras, shall be entered under ADP codes 241 through 243 – earnings per share and/or basic and diluted earnings per share. Balances as at the final date of the reporting period referring to groups of accounts and accounts specified in column 1 shall be entered in column 5 (current year), while data for the corresponding reporting period of a year earlier shall be entered in column 6 (prior year). If prior year data have been adjusted to comply with regulations, such adjusted data shall be entered in column 6.
IV. CONTENT OF ITEMS IN THE CASH
FLOW STATEMENT FORM
Article 7
For the purposes hereof, cash flows shall mean collections and payments in cash and cash equivalents through gyro-account, current and foreign currency accounts, including any compensations, assignments and cessions effected through such accounts. Intrabank transfers across individual cash and cash equivalent accounts shall not be deemed to constitute cash flows. The amount of cash inflow and outflow can be determined based on documents on inflows and outflows on gyro and foreign currency accounts or the balance and turnover on individual assets and liabilities accounts as well as income and expense accounts. When completing the Cash Flow Statement, data relating to the

corresponding accounting period of the prior year shall be entered in column 4, while data for the current year shall be entered in column 3.

1. Cash flows from operating activities
   Article 8
   Item – Cash inflows from operating activities under ADP code 301 shall disclose data on total inflows of cash from items under ADP codes 302 through 305. Item – Interest under ADP code 302 shall disclose cash inflows from collection of lending interest. Item – Fees under ADP code 303 shall disclose inflows in respect of all fees and commissions collected in the regular course of the bank’s operations. Item – Other operating income under ADP code 304 shall disclose cash inflows from sale of products and services (excluding fees and commissions), rentals and other cash inflows from regular operations. Item – Dividends and profit sharing under ADP code 305 shall disclose the level of earnings on investment in the form of dividends and profit sharing.
   Article 9

Item – Cash outflows from operating activities under ADP code 306 shall disclose data on total outflow of cash on items under ADP codes 307 through 311. Item – Interest under ADP code 307 shall disclose cash outflows in respect of payment of deposit interest. Item – Fees under ADP code 308 shall disclose the amount of fees and commissions paid in the regular course of the bank’s operations. Item – Gross earnings, compensations of earnings and other personal expenses under ADP code 309 shall disclose the amounts of gross earnings, compensations of earnings, fees for temporary and occasional work, and other personal expenses paid out during the accounting period.

Item – Taxes, contributions and other duties charged to income under ADP code 310 shall disclose the amounts of taxes, contributions and other duties paid out during the accounting period. Item – Other operating expenses under ADP code 311 shall disclose outflows in respect of procurement of material, payment of services and other intangible costs and payments in respect of other operating expenses. Item – Net operating cash inflow before increase or decrease in lending and deposits under ADP code 312 shall disclose the difference between item – Cash inflows from operating activities under ADP code 301 and item – Cash outflows from operating activities under ADP code 306. Item – Net operating cash outflow before increase or decrease in lending and deposits under ADP code 313 shall disclose the difference between item – Cash outflows from operating activities under ADP code 306 and item – Cash inflows from operating activities under ADP code 301.
Article 10
Item – Decrease in lending and increase in deposits received under ADP code 314 shall disclose data on total inflow of cash from items under ADP codes 315 through 317. Items under ADP codes 315 and 316 shall disclose the net decrease in lending on grounds specified in the names of these items. Net decrease in lending represents the negative difference between the total amount of new lending and total amount of lending collected in the accounting period. Item under ADP code 317 shall disclose the net increase in deposits on grounds specified in the name of this item. Net increase in deposits represents the positive difference between the total amount of new deposits and total amount of deposits paid out in the accounting period. Item – Increase in lending and decrease in deposits received under ADP code 318 shall disclose data on total outflow of cash from items under ADP codes 319 through 321. Items under ADP codes 319 and 320 shall disclose the net increase in lending on grounds specified in the names of these items. Net increase in lending represents the positive difference between the total amount of new lending and total amount of lending collected in the accounting period.

Item under ADP code 321 shall disclose the net decrease in deposits on grounds specified in the name of this item. Net decrease in deposits represents the negative difference between the total amount of new deposits and total amount of deposits paid out in the accounting period.
Article 11
Item – Net operating cash inflow before profit tax under ADP code 322 shall disclose the difference between the sum of amounts disclosed in items under ADP codes 312 and 314 and the sum of amounts disclosed in items under ADP codes 313 and 318. Item – Net operating cash outflow before profit tax under ADP code 323 shall disclose the difference between the sum of amounts disclosed in items under ADP codes 313 and 318 and the sum of amounts disclosed in items under ADP codes 312 and 314.
Article 12
Item – Profit tax paid under ADP code 324 shall disclose the amounts of advance payments of profit tax during the accounting period, according to final entries for the prior year, less tax refunds effected during the accounting period. Item – Dividends paid under ADP code 325 shall disclose the amounts of advance payments of dividends from profit during the year, and amounts of dividends from profit for prior years paid out in the current year.
Article 13
Item – Net operating cash inflow under ADP code 326 shall disclose the result of the difference between the amount disclosed in item under ADP code 322 and the sum of amounts disclosed in items under ADP codes 323, 324 and 325. Item – Net operating cash outflow under ADP code 327 shall disclose the result of the difference between the sum of amounts disclosed in items under ADP codes 323, 324 and 325 and the amount disclosed in item under ADP code 322.
2. Cash flows from investing activities
Article 14
Item – Cash inflows from investing activities under ADP code 328 shall

disclose data on total inflow of cash from items under ADP codes 329 to 333. Item – Long-term investment in securities under ADP code 329 shall disclose the amounts earned in respect of long-term investment in securities held to maturity. Item – Sale of interest (stake) under ADP code 330 shall disclose the amounts earned through sale of interest and/or stake in equity. Item – Sale of intangible investments and fixed assets under ADP code 331 shall disclose the amounts earned through sale of intangible investments and fixed assets. Item – Sale of investment property under ADP code 332 shall disclose the amounts earned through sale of investment property of the bank. Item – Other inflow from investing activities under ADP code 333 shall disclose the amounts collected in respect of other investing activities of the bank.
Article 15
Item – Cash outflows from investing activities under ADP code 334 shall disclose data on total outflow of cash from items under ADP codes 335 to 339. Item – Investment in long-term securities under ADP code 335 shall disclose payments in respect of investment in long-term securities held to maturity. Item – Purchase of interest (stake) under ADP code 336 shall disclose payments in respect of purchase of interest and stake in equity. Item – Purchase of intangible investments and fixed assets under ADP code 337 shall disclose the amounts paid out for the purchase of intangible investments and fixed assets. Item – Purchase of investment property under ADP code 338 shall disclose the amounts paid out for the purchase of investment property of the bank. Item – Other outflow from investing activities under ADP code 339 shall disclose the amounts paid out in respect of other investing activities of the bank.
Article 16

Item – Net cash inflow from investing activities under ADP code 340 shall disclose the difference between item – Cash inflows from investing activities under ADP code 328 and item – Cash outflows from investing activities under ADP code 334. Item – Net cash outflow from investing activities under ADP code 341 shall disclose the difference between item – Cash outflows from investing activities under ADP code 334 and item – Cash inflows from investing activities under ADP code 328.
3. Cash flows from financing activities
Article 17
Item – Cash inflows from financing activities under ADP code 342 shall disclose data on total cash inflow from items under ADP codes 343 to 348. Item – Capital increase under ADP code 343 shall disclose the amounts of cash inflow in respect of payment for bank shares. Item – Subordinated liabilities under ADP code 344 shall disclose the amount of total inflow in respect of subordinated liabilities less the amount of repaid subordinated liabilities during the accounting period. Item – Credit disbursements, net, under ADP code 345 shall disclose cash inflows in respect of disbursed credits less repayment of credits during the accounting period. Item – Securities, net, under ADP code 346 shall disclose cash inflows in respect of securities paid less outflows in respect of repayment of securities (other than interest) during the accounting period. Item – Sale of own shares under ADP code 347 shall disclose the amount of cash inflow in respect of sale of own shares during the accounting period. Item – Other inflow from financing activities under ADP code 348 shall disclose the amount of cash inflow from other financing activities.
Article 18
Item – Cash outflows from financing activities under ADP code 349 shall disclose data on total outflow of cash from items under ADP codes 350 to 354.

Item – Repurchase of own shares under ADP code 350 shall disclose cash outflows in respect of repurchase of own shares during the accounting period. Item – Subordinated liabilities under ADP code 351 shall disclose the total amount of repaid subordinated liabilities less the amount of total inflow in respect of subordinated liabilities during the accounting period. Item – Credit disbursements, net, under ADP code 352 shall disclose the amount of credit repayments less the amount of credits disbursed during the accounting period. Item – Securities, net, under ADP code 353 shall disclose cash outflows in respect of repayment of securities (other than interest) less cash inflows in respect of securities paid. Item – Other outflows from financing activities shall disclose the amount of cash outflows in respect of other financing activities. Item – Net cash inflow from financing activities under ADP code 355 shall disclose the difference between item – Cash inflows from financing activities under ADP code 342 and item – Cash outflows from financing activities under ADP code 349. Item – Net cash outflow from financing activities under ADP code 356 shall disclose the difference between item – Cash outflows from financing activities under ADP code 349 and item – Cash inflows from financing activities under ADP code 342.
4. End of cash flow statement
Article 19
Item – Total net inflow of cash under ADP code 357 shall disclose the sum of the amounts disclosed in items under ADP codes 301, 314, 328 and 342. Item – Total net outflow of cash under ADP code 358 shall disclose the sum of the amounts disclosed in items under ADP codes 306, 318, 324, 325, 334 and 349. Item – Net increase in cash under ADP code 359 shall disclose the difference between the amounts disclosed in item under ADP code 357 and

item under ADP code 358.
Item – Net decrease in cash under ADP code 360 shall disclose the difference between the amounts disclosed in item under ADP code 358 and item under ADP code 357. Item – Cash at the beginning of the year under ADP code 361 shall disclose the amount of cash as at the date of the opening balance of the accounting period. Item – Exchange rate gains under ADP code 362 shall disclose the amount of exchange rate gains as at the balance date. Item – Exchange rate losses under ADP code 363 shall disclose the amount of exchange rate losses as at the balance date. Item – Cash at end-period under ADP code 364 shall disclose the amount of cash at the end of the accounting period (ADP 359 – ADP 360 + ADP 361

• ADP 362 – ADP 363).
  V. CONTENT OF ITEMS IN THE STATEMENT OF CHANGES IN EQUITY
  FORM
  Article 20
  The bank shall enter data on balance and changes in equity in the Statement of Changes in Equity form. Item under ordinal number 1, ADP code 401, shall disclose the balance on account 800 – Share capital, as at 1 January of the prior year. Item under ordinal number 1, ADP code 414, shall disclose the balance on account 801 – Other capital (state and other capital), as at 1 January of the prior year. Item under ordinal number 1, ADP code 427, shall disclose the balance on account 803 – Unpaid subscribed share capital, as at 1 January of the prior year. Item under ordinal number 1, ADP code 440, shall disclose the balance on account 802 – Premium on issue of shares, as at 1 January of the prior year. Item under ordinal number 1, ADP code 453, shall disclose the balance on group of accounts 81 – Reserves from profit and other reserves, as at 1

January of the prior year.
Item under ordinal number 1, ADP code 466, shall disclose the balance on group of accounts 82 (except for account 823) – Revaluation reserves, as at 1 January of the prior year. Item under ordinal number 1, ADP code 479, shall disclose the balance on group of accounts 83 – Profit, as at 1 January of the prior year. Item under ordinal number 1, ADP code 492, shall disclose the balance on accounts of losses up to the level of capital (accounts 840 and 841), as at 1 January of the prior year. Item under ordinal number 1, ADP code 505, shall disclose the balance on account 128 – Own shares, as at 1 January of the prior year. Item under ordinal number 1, ADP code 518, shall disclose the balance on account 823 – Unrealized losses on securities available for sale, as at 1 January of the prior year. Item under ordinal number 1, ADP code 531, shall disclose the total balance of capital, as at 1 January of the prior year. Item under ordinal number 1, ADP code 544, shall disclose the balance on account 842 – Losses in excess of capital, as at 1 January of the prior year. Item under ordinal number 2, ADP code 402, shall disclose the increase in balance on account 800 – Share capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 415, shall disclose the increase in balance on account 801 – Other capital (state and other capital), in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 428, shall disclose the increase in balance on account 803 – Unpaid subscribed share capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 441, shall disclose the increase in balance on account 802 – Premium on issue of shares, in respect of adjustment for material errors and changes in accounting policies in the prior year.

Item under ordinal number 2, ADP code 454, shall disclose the increase in balance on group of accounts 81 – Reserves from profit and other reserves, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 467, shall disclose the increase in balance on group of accounts 82 (except for account 823) – Revaluation reserves, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 480, shall disclose the increase in balance on group of accounts 83 – Profit, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 493, shall disclose the increase in balance on accounts of losses up to the level of capital (accounts 840 and 841), in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 506, shall disclose the increase in balance on account 128 – Own shares, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 519, shall disclose the increase in balance on account 823 – Unrealized losses on securities available for sale, in respect of adjustment for material errors and changes in accounting policies in the prior year.

Item under ordinal number 2, ADP code 532, shall disclose the total increase in balance of capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 2, ADP code 545, shall disclose the increase in balance on account 842 – Losses in excess of capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 403, shall disclose the decrease in balance on account 800 – Share capital, in respect of adjustment for material errors and changes in accounting policies in the prior year.

Item under ordinal number 3, ADP code 416, shall disclose the decrease in balance on account 801 – Other capital (state and other capital), in respect of adjustment for material errors and changes in accounting policies in the

prior year.
Item under ordinal number 3, ADP code 429, shall disclose the decrease in balance on account 803 – Unpaid subscribed share capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 442, shall disclose the decrease in balance on account 802 – Premium on issue of shares, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 455, shall disclose the decrease in balance on account 81 – Reserves from profit and other reserves, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 468, shall disclose the decrease in balance on group of accounts 82 (except for account 823) – Revaluation reserves, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 481, shall disclose the decrease in balance on group of accounts 83 – Profit, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 494, shall disclose the decrease in balance on accounts of losses up to the level of capital (accounts 840 and 841), in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 507, shall disclose the decrease in balance on account 128 – Own shares, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 520, shall disclose the decrease in balance on account 823 – Unrealized losses on securities available for sale, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 533, shall disclose the total decrease in balance of capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 3, ADP code 546, shall disclose the decrease

in balance on account 842 – Losses in excess of capital, in respect of adjustment for material errors and changes in accounting policies in the prior year. Item under ordinal number 4, ADP code 404, shall disclose the adjusted opening balance on account 800 – Share capital, as at 1 January of the prior year. Item under ordinal number 4, ADP code 417, shall disclose the adjusted opening balance on account 801 – Other capital (state and other capital), as at 1 January of the prior year. Item under ordinal number 4, ADP code 430, shall disclose the adjusted opening balance on account 803 – Unpaid subscribed share capital, as at 1 January of the prior year. Item under ordinal number 4, ADP code 443, shall disclose the adjusted opening balance on account 802 – Premium on issue of shares, as at 1 January of the prior year. Item under ordinal number 4, ADP code 456, shall disclose the adjusted opening balance on group of accounts 81 – Reserves from profit and other reserves, as at 1 January of the prior year.

Item under ordinal number 4, ADP code 469, shall disclose the adjusted opening balance on group of accounts 82 (except for account 823) – Revaluation reserves, as at 1 January of the prior year. Item under ordinal number 4, ADP code 482, shall disclose the adjusted opening balance on group of accounts 83 – Profit, as at 1 January of the prior year. Item under ordinal number 4, ADP code 495, shall disclose the adjusted opening balance on accounts of losses up to the level of capital (accounts 840 and 841), as at 1 January of the prior year. Item under ordinal number 4, ADP code 508, shall disclose the adjusted opening balance on account 128 – Own shares, as at 1 January of the prior year. Item under ordinal number 4, ADP code 521, shall disclose the adjusted opening balance on account 823 – Unrealized losses on securities available for sale, as at 1 January of the prior year. Item under ordinal number 4, ADP code 534, shall disclose the total

adjusted opening balance of capital, as at 1 January of the prior year. Item under ordinal number 4, ADP code 547, shall disclose the adjusted opening balance on account 842 – Losses in excess of capital, as at 1 January of the prior year. Item under ordinal number 5, ADP code 405, shall disclose the increase in balance on account 800 – Share capital in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 418, shall disclose the increase in balance on account 801 – Other capital (state and other capital) in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 431, shall disclose the increase in balance on account 803 – Unpaid subscribed share capital in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 444, shall disclose the increase in balance on account 802 – Premium on issue of shares in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 457, shall disclose the increase in balance on group of accounts 81 – Reserves from profit and other reserves in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 470, shall disclose the increase in balance on group of accounts 82 (except for account 823) – Revaluation reserves in the prior year in all respects, except for increase in respect of adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 483, shall disclose the increase in the balance of profit as at 31 December of the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 496, shall disclose the increase in balance on accounts of losses up to the level of capital as at 31 December of the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 509, shall disclose the increase

in balance on account 128 – Own shares in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 522, shall disclose the increase in balance on account 823 – Unrealized losses on securities available for sale, in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 535, shall disclose the total increase in balance of capital, in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 5, ADP code 548, shall disclose the increase in balance on account 842 – Losses in excess of capital, in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 406, shall disclose the decrease in balance on account 800 – Share capital, in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 419, shall disclose the decrease in balance on account 801 – Other capital (state and other capital) in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 432, shall disclose the decrease in balance on account 803 – Unpaid subscribed share capital in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 445, shall disclose the decrease in balance on account 802 – Premium on issue of shares in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 458, shall disclose the decrease in balance on group of accounts 81 – Reserves from profit and other reserves in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 471, shall disclose the decrease in balance on group of accounts 82 (except for account 823) – Revaluation reserves in the prior year in all respects, except for adjustment for material errors and changes in accounting policies.

Item under ordinal number 6, ADP code 484, shall disclose the decrease in the balance of profit as at 31 December of the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 497, shall disclose the decrease in balance on accounts of losses up to the level of capital as at 31 December of the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 510, shall disclose the decrease in balance on account 128 – Own shares in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 523, shall disclose the decrease in balance on account 823 – Unrealized losses on securities available for sale, in the prior year in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 536, shall disclose the total decrease in balance of capital in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 6, ADP code 549, shall disclose the decrease in account 842 – Losses in excess of capital, in all respects, except for adjustment for material errors and changes in accounting policies. Item under ordinal number 7, ADP code 407, shall disclose the balance on account 800 – Share capital, as at 31 December of the prior year. Item under ordinal number 7, ADP code 420, shall disclose the balance on account 801 – Other capital (state and other capital), as at 31 December of the prior year. Item under ordinal number 7, ADP code 433, shall disclose the balance on account 803 – Unpaid subscribed share capital, as at 31 December of the prior year. Item under ordinal number 7, ADP code 446, shall disclose the balance on account 802 – Premium on issue of shares, as at 31 December of the prior year. Item under ordinal number 7, ADP code 459, shall disclose the balance on group of accounts 81 – Reserves from profit and other reserves, as at 31 December of the prior year.

Item under ordinal number 7, ADP code 472, shall disclose the balance on group of accounts 82 (except for account 823) – Revaluation reserves, as at 31 December of the prior year. Item under ordinal number 7, ADP code 485, shall disclose the balance on group of accounts 83 – Profit, as at 31 December of the prior year. Item under ordinal number 7, ADP code 498, shall disclose the balance on accounts of losses up to the level of capital (accounts 840 and 841) as at 31 December of the prior year. Item under ordinal number 7, ADP code 511, shall disclose the balance on account 128 – Own shares, as at 31 December of the prior year. Item under ordinal number 7, ADP code 524, shall disclose the balance on account 823 – Unrealized losses on securities available for sale, as at 31 December of the prior year. Item under ordinal number 7, ADP code 537, shall disclose the total balance of capital, as at 31 December of the prior year. Item under ordinal number 7, ADP code 550 shall disclose the balance on account 842 – Losses in excess of capital, as at 31 December of the prior year. Item under ordinal number 8, ADP code 408, shall disclose the increase in balance on account 800 – Share capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 421, shall disclose the increase in balance on account 801 – Other capital (state and other capital), in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 434, shall disclose the increase in balance on account 803 – Unpaid subscribed share capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 447, shall disclose the increase in balance on account 802 – Premium on issue of shares, in respect of adjustment for material errors and changes in accounting policies in the current year.

Item under ordinal number 8, ADP code 460, shall disclose the increase in balance on group of accounts 81 – Reserves from profit and other reserves, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 473, shall disclose the increase in balance on group of accounts 82 (except for account 823) – Revaluation reserves, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 486, shall disclose the increase in balance on group of accounts 83 – Profit, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 499, shall disclose the increase in balance on accounts of losses up to the level of capital (accounts 840 and 841), in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 512, shall disclose the increase in balance on account 128 – Own shares, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 525, shall disclose the increase in balance on account 823 – Unrealized losses on securities available for sale, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 538, shall disclose the total increase in balance of capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 8, ADP code 551, shall disclose the increase in balance on account 842 – Losses in excess of capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 409, shall disclose the decrease in balance on account 800 – Share capital, in respect of adjustment for material errors and changes in accounting policies in the current year.

Item under ordinal number 9, ADP code 422, shall disclose the decrease in balance on account 801 – Other capital (state and other capital), in respect of adjustment for material errors and changes in accounting policies in the current year.

Item under ordinal number 9, ADP code 435, shall disclose the decrease in balance on account 803 – Unpaid subscribed share capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 448, shall disclose the decrease in balance on account 802 – Premium on issue of shares, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 461, shall disclose the decrease in balance on group of accounts 81 – Reserves from profit and other reserves, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 474, shall disclose the decrease in balance on group of accounts 82 (except for account 823) – Revaluation reserves, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 487, shall disclose the decrease in balance on group of accounts 83 – Profit, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 500, shall disclose the decrease in balance on accounts of losses up to the level of capital (accounts 840 and
841) in respect of adjustment for material errors and changes in accounting
policies in the current year.
Item under ordinal number 9, ADP code 513, shall disclose the decrease in balance on account 128 – Own shares, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 526, shall disclose the decrease in balance on account 823 – Unrealized losses on securities available for sale, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 539, shall disclose the total decrease in balance of capital, in respect of adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 9, ADP code 552, shall disclose the decrease in balance on account 842 – Losses in excess of capital, in respect of

adjustment for material errors and changes in accounting policies in the current year. Item under ordinal number 10, ADP code 410, shall disclose the adjusted opening balance on account 800 – Share capital, as at 1 January of the current year. Item under ordinal number 10, ADP code 423, shall disclose the adjusted opening balance on account 801 – Other capital (state and other capital), as at 1 January of the current year. Item under ordinal number 10, ADP code 436, shall disclose the adjusted opening balance on account 803 – Unpaid subscribed share capital, as at 1 January of the current year. Item under ordinal number 10, ADP code 449, shall disclose the adjusted opening balance on account 802 – Premium on issue of shares, as at 1 January of the current year. Item under ordinal number 10, ADP code 462, shall disclose the adjusted opening balance on group of accounts 81 – Reserves from profit and other reserves, as at 1 January of the current year. Item under ordinal number 10, ADP code 475, shall disclose the adjusted opening balance on group of accounts 82 (except for account 823) – Revaluation reserves, as at 1 January of the current year. Item under ordinal number 10, ADP code 488, shall disclose the adjusted opening balance on group of accounts 83 – Profit, as at 1 January of the current year. Item under ordinal number 10, ADP code 501, shall disclose the adjusted opening balance on accounts of losses up to the level of capital (accounts 840 and 841), as at 1 January of the current year. Item under ordinal number 10, ADP code 514, shall disclose the adjusted opening balance on account 128 – Own shares, as at 1 January of the current year. Item under ordinal number 10, ADP code 527, shall disclose the adjusted opening balance on account 823 – Unrealized losses on securities available for sale, as at 1 January of the current year. Item under ordinal number 10, ADP code 540, shall disclose the total adjusted opening balance of capital as at 1 January of the current year.

Item under ordinal number 10, ADP code 553, shall disclose the adjusted opening balance on account 842 – Losses in excess of capital, as at 1 January of the current year.

Item under ordinal number 11, ADP code 411, shall disclose the increase in balance on account 800 – Share capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 424, shall disclose the increase in balance on account 801 – Other capital (state and other capital) in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 437, shall disclose the increase in balance on account 803 – Unpaid subscribed share capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 450, shall disclose the increase in balance on account 802 – Premium on issue of shares in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 463, shall disclose the increase in balance on group of accounts 81 – Reserves from profit and other reserves in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 476, shall disclose the increase in balance on group of accounts 82 (except for account 823) – Revaluation reserves in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 489, shall disclose the increase in balance of profit as at 31 December of the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 502, shall disclose the increase in balance on accounts of losses up to the level of capital as at 31 December of the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 515, shall disclose the increase in balance on account 128 – Own shares in the current year in all respects,

except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 528, shall disclose the increase in balance on account 823 – Unrealized losses on securities available for sale, in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 541 shall disclose the total increase in balance of capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 11, ADP code 554 shall disclose the increase in balance on account 842 – Losses in excess of capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies.

Item under ordinal number 12, ADP code 412, shall disclose the decrease in balance on account 800 – Share capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 425, shall disclose the decrease in balance on account 801 – Other capital (state and other capital) in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 438, shall disclose the decrease in balance on account 803 – Unpaid subscribed share capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 451, shall disclose the decrease in balance on account 802 – Premium on issue of shares in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 464, shall disclose the decrease in balance on group of accounts 81 – Reserves from profit and other reserves in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 477, shall disclose the decrease in balance on group of accounts 82 (except for account 823) – Revaluation reserves in the current year in all respects, except for adjustment of material errors and changes in accounting policies.

Item under ordinal number 12, ADP code 490, shall disclose the decrease in balance of profit as at 31 December of the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 503, shall disclose the decrease in balance on accounts of losses up to the level of capital as at 31 December of the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 516, shall disclose the decrease in balance on account 128 – Own shares in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 529, shall disclose the decrease in balance on account 823 – Unrealized losses on securities available for sale in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 542, shall disclose the total decrease in the balance of capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 12, ADP code 555, shall disclose the decrease in balance on account 842 – Losses in excess of capital in the current year in all respects, except for adjustment of material errors and changes in accounting policies. Item under ordinal number 13, ADP code 413, shall disclose the balance on account 800 – Share capital as at 31 December of the current year. Item under ordinal number 13, ADP code 426, shall disclose the balance on account 801 – Other capital (state and other) as at 31 December of the current year. Item under ordinal number 13, ADP code 439, shall disclose the balance on account 803 – Unpaid subscribed share capital as at 31 December of the current year. Item under ordinal number 13, ADP code 452, shall disclose the balance on account 802 – Premium on issue of shares as at 31 December of the current year. Item under ordinal number 13, ADP code 465, shall disclose the balance on group of accounts 81 – Reserves from profit and other reserves as at 31 December of the current year.

Item under ordinal number 13, ADP code 478, shall disclose the balance on group of accounts 82 (except for account 823) – Revaluation reserves as at 31 December of the current year. Item under ordinal number 13, ADP code 491, shall disclose the balance on group of accounts 83 – Profit as at 31 December of the current year. Item under ordinal number 13, ADP code 504, shall disclose the balance on accounts of losses up to the level of capital (accounts 840 and 841) as at 31 December of the current year. Item under ordinal number 13, ADP code 517, shall disclose the balance on account 128 – Own shares as at 31 December of the current year. Item under ordinal number 13, ADP code 530, shall disclose the balance on account 823 – Unrealized losses on securities available for sale, as at 31 December of the current year. Item under ordinal number 13, ADP code 543, shall disclose the total balance of capital, as at 31 December of the current year. Item under ordinal number 13, ADP code 556, shall disclose balance on account 842 – Losses in excess of capital, as at 31 December of the current year.

VI. CONTENT OF ITEMS IN THE
STATISTICAL ANNEX FORM
Article 21
Item under ADP code 617 shall disclose the average number of employees, in integer numbers, which shall be based on the balance as at end of each month of the business year. Item under ADP codes 618 and 619 shall disclose the absolute number of ordinary and/or preference shares at end year. Item under ADP codes 620 and 621 shall disclose the total nominal value of all ordinary and/or preference shares at end year.
VII. MINIMUM CONTENT OF NOTES TO FINANCIAL STATEMENTS

Article 22
Minimum content of notes to financial statements (IAS 1, paragraphs 103 to 126 and IFRS 7) shall comprise:

– statement of compliance with IFRS;
– summary of significant accounting policies; – information about hedge accounting; – information about the fair values of financial instruments; – supporting information for items on the face of Balance Sheet, Income Statement, Statement of Changes in Equity or Cash Flow Statement, in the order in which each statement and each line item is presented; – information about the nature and extent of risks arising from financial instruments; – other disclosures, including contingent liabilities and unrecognised contractual commitments, and non-financial disclosures; – reasons for which the bank’s equity stake does not ensure control over the legal entity in which investment has been made; – criteria for differentiating between investment property and property used by the bank for commercial purposes and/or property held for sale in the regular course of operations; – information about the key assumptions concerning the future and other key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year (details about their nature and carrying amounts as at balance sheet date); – disclosure of key assumptions concerning future events that may affect provisioning; – disclosure of significant assumptions applied in estimating fair values of financial assets and financial liabilities that are carried at fair value; – disclosure of significant assumptions applied in estimating fair values of revalued items of property, plant and equipment; – disclosure of information enabling financial statement users to evaluate the bank’s objectives, policies and processes for managing capital; – the amount of dividends proposed or declared before the financial statements were authorized for issue but not recognized as a distribution to equity holders during the period, and the related amount per share; – the amount of any cumulative preference dividends not recognized; – earnings of the management – members of board of directors and executive board; – information about any shortfall of reserves from profit for estimated losses; – any information that was previously unmentioned, but is significant for the presentation of the financial position of the bank.

VIII. TRANSITIONAL AND CLOSING PROVISIONS
Article 23
Banks shall convert balances on accounts as at 31 December 2007 to accounts prescribed by the Rules on the Chart of Accounts and Content of Accounts in the Chart of Accounts for Banks (“RS Official Gazette”, No. 98/2007 and 57/2008) as balances as at 31 December 2007, which shall be used as data from 2007 (prior year) at the time of preparing financial statements for 2008.
Article 24
As of the day of entry into force hereof, Rules on the Forms and Content of Items in Financial Statement Forms for Banks and Other Financial Organizations (“RS Official Gazette”, Nos. 8/2007 and 18/2007) shall cease to be valid.
Article 25
These rules shall enter into force on the eight day of their publication in the “RS Official Gazette”. Dec. No. 39 Governor 4 August 2008 of the National Bank of Serbia Belgrade Radovan Jelašić, sign.