Annual report 2011 - VTB

VTB BankNotes to the Consolidated Financial Statements – 31 December 2011 and 2010(in billions of Russian Roubles)28. Gains Less Losses Arising from Financial Instruments at Fair Value Through Profit or Loss2011 2010(Losses net of gains) / gains less losses arising from trading financialinstruments (23.8) 13.9(Losses net of gains) / gains less losses arising from financial instrumentsdesignated as at fair value through profit or loss (6.0) 0.9Losses net of gains from financial obligation to purchase non-controllinginterests (Note 25) (1.0) –Total (losses net of gains) / gains less losses arising from financialinstruments at fair value through profit or loss (30.8) 14.829. Fee and Commission Income and Expense2011 2010Commission on settlement transactions 24.8 15.4Commission on guarantees issued and trade finance 6.6 3.9Commission on operations with securities and capital markets 5.9 4.5Commission on cash transactions 5.3 2.9Other 4.8 2.1Total fee and commission income 47.4 28.8Commission on settlement transactions (5.0) (2.2)Commission on cash transactions (1.9) (1.0)Other (1.3) (0.9)Total fee and commission expense (8.2) (4.1)Net fee and commission income 39.2 24.730. Income Arising from Non-Banking Activities and Other Operating IncomeIncome arising from non-banking activities for 2011 and 2010 was as follows:2011 2010Operating lease and rental income 5.8 2.1Net insurance premium earned 5.6 2.3Revaluation of investment property 4.5 0.2Sale of property intended for sale in the ordinary course of business 0.1 3.8Other 4.4 2.6Total income arising from non-banking activities 20.4 11.0Other operating income for 2011 and 2010 was as follows:2011 2010Income arising from disposal of property 4.4 0.1Dividends received 0.9 0.9Fines and penalties received 0.8 0.2Other 3.1 1.9Total other operating income 9.2 3.144