Consolidated profit and loss account

For the year ended December 31, 2021

 

Notes


2021


2020

    

Income

   

Interest income from financial instruments measured at AC

 

278,420

321,862

Interest income from financial instruments measured at FVPL1

 

-11,857

1,771

Interest expenses from financial instruments measured at AC

 

-106,780

-120,828

Interest expenses from financial instruments measured at FVPL2

 

71,084

38,351

Interest expenses on leases

 

-158

-168

Net interest income

(20)

230,709

240,988

Dividend income

(21)

22,066

32,908

Results from equity investments

(22)

295,535

-210,844

Total results from equity investments

 

317,601

-177,936

Fee and commission income

 

11,568

7,393

Fee and commission expense

 

-5,871

-3,794

Net fee and commission income

(23)

5,697

3,599

Results from financial transactions

(24)

-26,419

-10,808

Remuneration for services rendered

(25)

32,257

29,936

Gains and losses due to derecognition

(26)

5,135

2,000

Other operating income

(27)

116

293

Total other income

 

11,089

21,421

Total income

 

565,096

88,072

    

Operating expenses

   

Staff costs

(28)

-73,121

-101,193

Administrative expenses

(29)

-28,802

-30,038

Depreciation and impairment of PP&E + intangible assets

(11), (12)

-11,934

-12,665

Other operating expenses

 

-293

-254

Total operating expenses

 

-114,150

-144,150

    

Impairments on

   

Interest-bearing instruments

(5)

51

-36

Loans

(7),(8)

3,257

-76,406

Loan commitments

(31)

1,841

877

Guarantees issued

(31)

3,917

-2,817

Total impairments

 

9,066

-78,382

    

Results on associates

   

Share in the result of associates

 

63,902

-66,416

Profit/(loss) before taxation

 

523,914

-200,876

Income tax

(30)

-33,268

-4,391

Net profit/(loss)

 

490,646

-205,267

    

Net profit/(loss) attributable to

   

Owners of the parent company

 

490,690

-205,232

Non controlling interest

 

-44

-35

Net profit/(loss)

 

490,646

-205,267

  • 1 Amount is related to interest from those derivative financial instruments (economic hedges) that are associated with the 'loans to the private sector' and is therefore considered as 'interest income'.
  • 2 Amount is related to interest from those derivative financial instruments (hedge accounting and economic hedges) that are associated with 'debentures and notes' and therefore considered as 'interest expense'.