Annual Report 2010 - ProCredit Bank

Financial Statements 75
6. Net fee and commission income
9. Operating income
Year ended 31 December
2010 2009
Fee and commission income
Payment transfer and transactions 666,302 598,176
Account maintenance fee 263,625 336,719
Letters of credit and guarantees 117,688 109,026
Debit/credit cards 126,876 143,146
Other fees and commission income 22,287 26,611
1,196,778 1,213,677
Fee and commission expense
Payment transfers and transactions 144,197 141,602
Other fees and commission expenses 16,142 16,675
160,339 158,277
Net fee and commission income 1,036,439 1,055,400
Year ended 31 December
2010 2009
Insurance indemnity 3,979 22,565
Reimbursement of expenses for bills
of exchange and safe bags for money 11,689 14,093
Net gains from disposal of property
and equipment 3,394 17
Income from litigation settlements 6,674 833
Release of provision
on guarantees – 86,145
Release of provision on retirement
benefit obligations (Note 28) 4,912 1,807
Other 45,919 27,177
Total operating income 76,567 152,637
Other fee income include fees and commissions from banks in the
amount of RSD 4,772 thousand (2009:5,288 thousand), fees on
travelers’ cheques in the amount of RSD 859 thousand (2009: RSD
1,503 thousand) and other fees from customers in the amount of
RSD 16,656 thousand (2009: RSD 19,820 thousand).
Other fees and commission expenses include fee expenses to
banks in the amount of RSD 15,964 thousand (2009: RSD 15,760
thousand) and other fees to others in the amount of RSD 178 thousand
(2009: RSD 915 thousand).
7. Net trading income
Year ended 31 December
2010 2009
Translation losses/ (gains ) (9,495) 42,939
Transaction losses from foreign
exchange trading operations with banks (5,520) (36,320)
Transaction gains from foreign
exchange trading operations
with customers 187,421 277,282
Total net trading income 172,406 283,901
8. Net result from financial assets at fair value
through profit or loss
Year ended 31 December
2010 2009
Losses from fair value changes
for financial assets at fair value
through profit and loss (164,435) (20,643)
Gains from fair value changes
for financial assets at fair value
through profit and loss 176,344 1,206
Net result from financial assets
at fair value through profit or loss (11,909) (19,437)
10. Operating expenses
Year ended 31 December
2010 2009
Staff costs
Wages and salaries 1,468,980 1,399,412
State pension contributions 646,379 408,497
Taxes and contributions on salaries 266,312 499,210
Fringe benefits 111,827 102,944
Other staff costs 474
Total staff costs 2,493,498 2,410,537
Office rent 403,262 450,176
Depreciation and amortization 304,629 370,787
Marketing and representation 163,862 149,397
Office supplies and other office utilities 129,086 148,713
Other service expenses 128,875 144,246
Communication expenses 74,068 91,304
Expenses for consulting services 128,965 77,143
Transport expenses 61,624 51,343
Legal and advisory expenses 57,577 37,849
Security 45,337 54,403
Other taxes 78,051 92,739
Training expenses 10,217 21,299
Expenses for royalties on software 3,341 3,603
Expenses for repairs and maintenance 42,097 31,837
Insurance expenses 19,049 13,664
One-time working contracts 3,756 3,800
Other administrative expenses 732 791
Expenses for deposit insurance fund 144,306 128,276
Expenses for provisions on guarantees – 4,194
Expenses for litigation settlements 23,125 1,190
Expenses for disposal of property
and equipment 44,478 13,419
Others 4,952 22,985
Total other operating expenses 1,871,389 1,913,158
4,364,887 4,323,695
11. Income taxes
Year ended 31 December
2010 2009
Current income tax expenses (82,806) (90,361)
Deferred income tax credit 21,717 27,905
Total income tax expenses (61,089) (62,456)