Company profit and loss account
For the year ended 31 December 2018
(before profit appropriation) | Notes | Page number | IFRS9 | IAS 39 |
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.