2022-24 Strategic Plan Update
APPENDIX
Income statement by segment
CaixaBank
Bancassurance
BPI
SEGMENT REPORTING FROM 1Q22
ЄM
4Q23
% yoy
4Q23
% yoy
Corporate center
4Q23
% yoy
BANKING AND INSURANCE: including the results from
banking, insurance, AM, real estate and ALCO activities,
among others, carried out by the Group essentially in
Spain.
BPI: including the results of BPI's domestic banking
activity, carried out essentially in Portugal. The income
statement includes the reversal of fair value adjustments
of assets and liabilities arising upon the business
combination.
CORPORATE CENTER: including the stakes allocated to
"Investments" segment in previous reporting (i.e.
Telefónica, BFA, BCI, Coral Homes and Gramina Homes).
The results of these stakes net of the cost of financing are
included. Additionally, the Group's excess capital is
allocated to the Corporate Center, calculated as the
difference between the Group's total equity and the
capital allocated to Banking and Insurance, BPI and
investments in the corporate center (1). The counterpart of
the excess capital allocated to the corporate center is
liquidity.
The operating expenses of each segment include both direct
and indirect expenses, which are allocated based on intemal
criteria. Specifically, expenses of a corporate nature at Group
level are assigned to the Corporate Center.
Net interest income
Dividends
Equity accounted
Net fees and commissions
LLPs
Other provisions
Pre-tax income
Income tax
2,480
38.3%
249
44.3%
20
18
0
-94.8%
28
4
-54.8%
4
-72.3%
844
-4.4%
73
-4.7%
Trading income
20
-12.7%
4
(3)
-73.6%
Insurance service result
321
15.9%
Other operating income & expenses
(481)
0.1%
(38)
Gross income
3,229
28.9%
291
12.8%
21
-43.8%
Recurring operating expenses
(1,313)
5.3%
(119)
4.4%
(15)
2.7%
Extraordinary operating expenses
Pre-impairment income
1,916
54.3%
173
19.3%
6
-74.0%
(354)
-12.9%
(6)
-79.9%
(40)
(13)
-18.5%
Gains/losses on disposals & other
(32)
(10)
(10)
1,491
77.0%
143
43.5%
(4)
-46.2%
-7.8%
(439)
68.2%
(32)
32.5%
(2)
Profit/(loss) after tax
1,052
81.0%
111
47.1%
(6)
Minority interest & others
0
-84.5%
Net income
1,051
81.2%
111
46.9%
(6)
(1) Capital allocation to these businesses and to investments considers both the consumption of own funds (at 11.5% of RWAs) and the applicable deductions.
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