Annual Report - VÚB banka

Consolidated income statement
for the year ended 31 December 2007
(In millions of Slovak crowns)
2006
Notes 2007 Restated
Interest and similar income 14,788 12,328
Interest expense and similar charges (6,279) (4,791)
Net interest income 27 8,509 7,537
Fee and commission income 3,518 3,338
Fee and commission expense (718) (678)
Net fee and commission income 28 2,800 2,660
Net trading income 29 1,264 1,137
Other operating income 30 322 366
Dividend income - 12
Operating income 12,895 11,712
Salaries and employee benefi ts 31 (2,483) (2,547)
Other operating expenses 32 (3,206) (2,782)
Amortization 14 (504) (470)
Depreciation 16 (615) (601)
Operating expenses (6,808) (6,400)
14
Operating profit before impairment and provisions 6,087 5,312
Impairment losses and provisions 33 (879) (440)
Profit from operations 5,208 4,872
Share of profi t/(loss) of associates and jointly controlled entities 13 7 (52)
Profit before tax 5,215 4,820
Income tax expense 34 (1,148) (1,073)
Net profit for the year 4,067 3,747
Basic and diluted earnings per share in Slovak crowns 25 313 289
The accompanying notes on pages 17 to 65 form an integral part of these fi nancial statements.
Annual Report 2007