Annual Report 2010 - ProCredit Bank

48
Annual Report 2010
Statement of Comprehensive Income (single statement approach)
For the year ended 31 December 2010
Note 2010 2009
in EUR
Interest income 35,043,173 42,288,683
Interest expense (12,936,265) (23,455,301)
Net interest income 7 22,106,908 18,833,382
Fee and commission income 3,050,115 2,937,534
Fee and commission expense (508,182) (418,438)
Net fee and commission income 8 2,541,933 2,519,096
Net trading income 9 1,013,695 918,290
Other operating income 300,918 372,321
Operating income 25,963,454 22,643,089
Net impairment loss on financial assets 11 (4,801,864) (4,032,600)
Personnel expenses 12 (11,652,770) (12,317,761)
Operating lease expenses (4,009,394) (4,347,170)
Depreciation and amortisation 18, 19 (2,316,718) (2,591,752)
Other operating expenses 9 (6,714,464) (5,989,751)
Operating expenses (29,495,210) (29,279,034)
Loss before income tax (3,531,756) (6,635,945)
Income tax revenue 13 369,679 1,443,009
Loss for the year (3,162,077) (5,192,936)
Other comprehensive income, net of income tax
Effect of translation (*) (243,496) (1,462,128)
Other comprehensive income for the year, net of income tax (243,496) (1,462,128)
Total comprehensive income for the year (3,405,573) (6,655,064)
(*) see note 3.a
The statement of comprehensive income is to be read in conjunction with the notes to and forming part of the financial statements set out on
pages 52 to 74.
The financial statements were approved by the Board of Administration on 12 April 2011 and were signed on its behalf by:
Dr. Ilinca Rosetti
General Manager
Heribert Kailbach
Deputy General Manager