ANNUAL REPORT 2011 - Magyar Fejlesztési Bank Zrt.

Unconsolidated Income Statement according to International Financial Reporting Standards ❙
MFB HUNGARIAN DEVELOPMENT BANK PRIVATE LIMITED COMPANY
UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ACCORDING TO INTERNATIONAL
FINANCIAL REPORTING STANDARDS
. STATEMENT OF COMPREHENSIVE INCOME DATA in HUF million
31.12.2010 31.12.2011
Interest and similar income 53 064 57 754
Interest expenses and similar charges (32 964) (38 231)
NET INTEREST INCOME 20 100 19 523
Allowance for impairment losses of loans and advances (25 495) (37 165)
Fee and commission income 815 818
Fee and commission expenses (1 425) (962)
NET FEE AND COMMISSION EXPENSES (610) (144)
Allowance for impairment losses of investment (3 577) (1 284)
Net income/(loss) from financial instruments at fair value through profit or loss 398 383
Dividend income 15 15
Other provision release 0 2 407
Other income 1 052 1 773
OTHER OPERATING INCOME 1 067 4 195
General and administrative expenses (12 454) (11 924)
Net loss on foreign currency transactions and revaluation (499) (4 860)
Other provision charges (4 359) 0
Other expenses (968) (773)
OTHER OPERATING EXPENSES (18 280) (17 557)
PROFIT BEFORE TAX (26 397) (32 049)
Taxation (141) (18)
NET PROFIT/(LOSS) FOR THE YEAR (26 538) (32 067)
OTHER COMPREHENSIVE INCOME/(EXPENSES)
Revaluation of available for sale financial assets 484 (4 131)
NET OTHER COMPREHENSIVE INCOME/(EXPENSES) 484 (4 131)
TOTAL COMPREHENSIVE INCOME/(EXPENSES) (26 054) (36 198)
MFB ANNUAL REPORT 2011 23