Company profit and loss account

For the year ended 31 December 2018

(before profit appropriation)

Notes

Page number

IFRS9
2018

IAS 39
2017

     

Income

    

Interest income from financial instruments measured at AC1

  

286,884

294,040

Interest income from financial instruments measured at FVPL1,2

  

37,996

-9,416

Interest expenses from financial instruments measured at AC1

  

-100,231

-82,352

Interest expenses from financial instruments measured at FVPL1

  

-23,743

-2,387

Net interest income

(19)

111

200,906

199,885

Fee and commission income

  

5,708

6,723

Fee and commission expense

  

-844

-712

Net fee and commission income

(20)

111

4,864

6,011

Dividend income

(21)

111

28,251

36,530

Results from equity investments and associates

(22)

112

38,997

151,121

Results from financial transactions

(23)

112

-23,086

18,131

Remuneration for services rendered

(24)

112

28,048

28,756

Other operating income

(25)

113

4,202

1,348

Total other income

  

76,412

235,886

Total income

  

282,182

441,782

     

Operating expenses

    

Staff costs

(26)

113

-78,385

-70,616

Other administrative expenses

(27)

113

-23,516

-23,775

Depreciation and impairment of fixed assets

(9)

104

-3,769

-3,154

Other operating expenses

  

-67

-47

Total operating expenses

  

-105,737

-97,592

     

Impairments on

    

Interest-bearing securities

  

-18

-

Loans3

(8)

102

-16,186

-18,110

Loan commitments

(29)

115

4,265

-

Equity investments and associates

(6), (7)

100, 101

-

-46,919

Guarantees issued3

(29)

115

308

3,042

Total impairments

  

-11,631

-61,987

Share in the result of subsidiaries

(C)

167

2,370

454

Share in the result of associates

(7)

101

-1,802

9,293

Total result on associates and subsidiaries

  

568

9,747

     

Profit before taxation

  

165,382

291,950

Income tax

  

-14,561

-37,833

Net profit

  

150,821

254,117

  • 1 In accordance with updated IAS 1.82(a), effective from 2018, interest revenue calculated using the effective interest method (applicable for financial instruments measured at amortized cost) has been presented separately. Comparative figures have been changed accordingly. The interest income as per December 2017 from interest-bearing securities that were classified as available for sale under IAS 39 has been presented under 'interest income from financial instruments measured at AC'.
  • 2 Amount is related to interest from those derivative financial instruments that are associated with the 'loans to the private sector' and is therefore considered as 'interest income'.
  • 3 2017 amount is related to the IBNR on loans and guarantees issued and specific provisions on these guarantees.