Annual Report 2019
Central Bank of the Republic of Armenia
Consolidated statement of comprehensive income
For the year ended 31 December 2019
Consolidated financial statements
In thousands of Armenian Drams
Interest income
Interest expense
Note
2019
2018
45
Net interest income
35,271,838
(21,092,209)
14,179,629
27,985,211
(16,477,039)
11,508,172
Reversal of allowance for credit losses / (credit loss expense)
12, 15,
19
Net interest income after credit loss allowance
Fee and commission income
608,934
Fee and commission expense
(1,304,349)
Net foreign exchange loss
6
(1,455,792)
Net (loss)/gain on derivatives
7
(477,632)
Net gain on financial instruments at fair value through profit or loss
Other income
8
14,501,951
9
4,226,258
198,529
14,378,158
(93,852)
11,414,320
334,616
(896,176)
(2,986,567)
468,802
11,938,436
3,736,415
Cost of production of banknotes, coins and numismatics
10
(828,921)
(5,023,216)
Other expenses
11
(17,895,318)
(19,384,341)
Profit/(loss) before tax
11,753,289
(397,711)
Income tax expense
Profit/(loss) for the year
Profit/(loss) is attributable to:
Owners of the Bank
(1,993,458)
(1,945,595)
9,759,831
(2,343,306)
Non-controlling interest
9,693,618
(2,373,281)
66,213
29,975
Other comprehensive income/(loss)
Items that may be reclassified subsequently to profit or loss
Net unrealised gain from changes in fair value of debt financial
assets measured through other comprehensive income
Changes in allowance for expected credit losses of debt financial
assets at fair value through other comprehensive income
Net other comprehensive income to be reclassified to profit or
loss in subsequent periods
573,139
290,656
30,870
(5,717)
604,009
284,939
Other comprehensive income/(loss) not to be reclassified to profit
or loss in subsequent periods
Net gain/(loss) on equity instruments at fair value through other
comprehensive income
7,977
(406,716)
Total other comprehensive income/(loss) not to be reclassified
to profit or loss in subsequent periods
7,977
(406,716)
Other comprehensive income/(loss) for the year
611,986
(121,777)
Total comprehensive income/(loss) for the year
10,371,817
(2,465,083)
Total comprehensive income/(loss) is attributable to:
Owners of the Bank
10,277,020
94,797
(2,504,709)
39,626
Non-controlling interest
These consolidated financial statements were approved by the Board of the Central Bank of the Republic of Armenia on
31 March 2020 and were signed by:
Arthur Javadyan
Chairman of the Central Bank
of the Republic of Armenia
Marianna Amirbekyan
Chief Financial Officer of the Central Bank
of the Republic of Armenia
The accompanying notes from 1 to 33 are an integral part of these consolidated financial statements.
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