Company profit and loss account

For the year ended 31 December 2017

(before profit appropriation)

Notes

Page number

2017

2016

     

Income

Interest income

  

284,624

282,402

Interest expense

  

-84,739

-65,861

Net interest income

(21)

134

199,885

216,541

Fee and commission income

  

6,723

6,691

Fee and commission expense

  

-712

-547

Net fee and commission income

(22)

135

6,011

6,144

Dividend income

(23)

135

36,530

16,624

Results from equity investments

(24)

135

151,121

39,041

Results from financial transactions

(25)

136

18,131

-9,211

Remuneration for services rendered

(26)

136

28,756

28,246

Other operating income

(27)

136

1,348

1,185

Total other income

  

235,886

75,885

Total income

  

441,782

298,570

     

Operating expenses

Staff costs

(28)

136

-70,616

-62,769

Other administrative expenses

(29)

137

-23,775

-19,222

Depreciation and impairment

(10)

128

-3,154

-2,565

Other operating expenses

(30)

137

-47

-75

Total operating expenses

  

-97,592

-84,631

     

Value adjustments/ impairments on

Loans

(9)

127

-18,110

38,070

Equity investments and associates

(7), (8)

125, 126

-46,919

-42,846

Guarantees issued

(9)

127

3,042

4,920

Total value adjustments

  

-61,987

144

Share in the result of subsidiaries

(C)

148

454

-1,190

Share in the result of associates

(8)

126

9,293

6,247

Total result on associates and subsidiaries

  

9,747

5,057

     

Profit before taxation

  

291,950

219,140

Income tax

  

-37,833

-43,035

Net profit

  

254,117

176,105