GENERAL MEETING DRAFT - Bankier.pl

33
>> Report on Operations
CONSOLIDATED INCOME STATEMENT (€ million)
YEAR CHANGE
2009 2008 €m PERCENT ADJUSTED 1
Net interest 17,304 18,373 - 1,069 - 5.8% - 1.9%
Dividends and other income from equity investments 312 1,012 - 700 - 69.2% - 69.6%
Net interest income 17,616 19,385 - 1,769 - 9.1% - 5.4%
Net fees and commissions 7,780 9,093 - 1,313 - 14.4% - 10.7%
Net trading, hedging and fair value income 1,803 -1,969 + 3,772 n.s. n.s.
Net other expenses/income 373 368 + 5 + 1.4% + 15.2%
Net non-interest income 9,956 7,492 + 2,464 + 32.9% + 39.9%
OPERATING INCOME 27,572 26,877 + 695 + 2.6% + 7.2%
Payroll costs -9,098 -9,918 + 820 - 8.3% - 5.8%
Other administrative expenses -5,408 -6,019 + 611 - 10.2% - 7.0%
Recovery of expenses 463 557 - 94 - 16.9% - 16.8%
Amortisation, depreciation and impairment losses on intangible
and tangible assets -1,281 -1,312 + 31 - 2.4% + 1.6%
Operating costs -15,324 -16,692 + 1,368 - 8.2% - 5.3%
OPERATING PROFIT 12,248 10,185 + 2,063 + 20.3% + 27.5%
Goodwill impairment - -750 + 750 - 100.0% - 100.0%
Provisions for risks and charges -609 -344 - 265 + 77.0% + 71.7%
Integration costs
Net write-downs of loans and provisions for guarantees and
-258 -140 - 118 + 84.3% + 91.1%
commitments -8,313 -3,700 - 4,613 + 124.7% + 131.7%
Net income from investments 232 207 + 25 + 12.1% + 6.1%
PROFIT BEFORE TAX 3,300 5,458 - 2,158 - 39.5% - 30.9%
Income tax for the period -1,009 -627 - 382 + 60.9% + 71.2%
PROFIT (LOSS) FOR THE PERIOD 2,291 4,831 - 2,540 - 52.6% - 44.0%
Minorities -332 -518 + 186 - 35.9% - 25.7%
NET PROFIT ATTRIBUTABLE TO THE GROUP BEFORE PPA 1,959 4,313 - 2,354 - 54.6% - 46.2%
Purchase Price Allocation effect 2
-257 -301 + 44 - 14.6% - 13.9%
NET PROFIT ATTRIBUTABLE TO THE GROUP 1,702 4,012 - 2,310 - 57.6% - 48.7%
Notes:
2008 figures published in the Consolidated Report as at December 2008 were modified due to the reclassification of results of private equity investments from "Net
trading, hedging and fair value income" to "Net income from investments".
2009 first nine months figures include the reclassification of private equity investments results.
1. Changes at constant foreign exchange rates and perimeter.
2. Mainly due to business combination with Capitalia