(figures in euro thousand) 31/12/2004 31/12/2003 % variation 10. Interest receivable and similar income 323.095 317.252 1,84% of which: - from due from customers 257.835 239.225 7,78% - from debt securities 29.078 31.091 -6,47% 20. Interest payable and similar charges (122.224) (132.657) -7,86% of which: - on due to customers (65.905) (69.447) -5,10% - on securities issued (25.048) (29.067) -13,83% 30. Dividends and other income: 4.342 4.435 -2,10% a) from equity shares, quotas and other share capital securities 2.356 2.397 -1,71% b) from equity investments 1.986 2.038 -2,55% c) from equity investments in subsidiaries - - - 40. Fees and commissions receivable 298.751 272.278 9,72% 50. Fees and commissions payable (112.932) (98.002) 15,23% 60. Dealing profits (losses) 26.021 32.025 -18,75% 70. Other operating income 49.939 52.551 -4,97% 80. Administrative expenses: (310.234) (291.774) 6,33% a) staff expenses (178.711) (166.860) 7,10% of which: - wages and salaries (132.397) (123.559) 7,15% - social security charges (34.908) (32.230) 8,31% - staff severance (6.222) (6.012) 3,49% - pensions and similar commitments (4.084) (3.989) 2,38% b) other administrative expenses (131.523) (124.914) 5,29% 90. Write-downs to tangible and intangible fixed assets (45.033) (57.973) -22,32% 100. Provisions for a risks and charges (10.077) (14.415) -30,09% 110. Other operating expenses (6.321) (7.083) -10,76% 120. Write-downs to loans and provisions for guarantees and commitments (52.693) (39.066) 34,88% 130. Write-ups to loans and provisions for guarantees and commitments 9.341 9.024 3,51% 140. Provisions to the reserves for possible loan losses (1.967) (1.990) -1,16% 150. Write-downs to financial fixed assets (429) (520) -17,50% 170. Profit (loss) on equity investments in subsidiaries evaluated according to the equity method 710 266 166,92% 180. Profit on ordinary activities 50.289 44.351 13,39% 190. Extraordinary income 24.297 11.469 111,85% 200. Extraordinary expenses (9.451) (8.409) 12,39% 210. Extraordinary profit (loss) 14.846 3.060 385,16% 240. Income taxes for the year (34.439) (32.072) 7,38% 250. Minority interests (3.926) (2.515) 56,10% 260. Profit for the year 26.770 12.824 108,75% 214 - GRUPPO BANCA SELLA CONSOLIDATED INCOME STATEMENT
EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Consolidated <strong>annual</strong> <strong>report</strong> 2004 - 215