Bank of Cyprus Credit Ratings and Financial Position
Income Statement bridge' for 1Q2023
€ mn
Net interest income
Net fee and commission income
Net foreign exchange gains and net gains on financial instruments
Net gains on derecognition of financial assets measured at amortised cost
Net insurance result
Net gains from revaluation and disposal of investment properties and on disposal of stock of properties
Other income
Total income
Total expenses
Operating profit
Underlying
basis
Other
Statutory Basis
162
162
44
44
13
1
14
0
0
1 2 3
10
10
2
3
234
1
235
(91)
(7)
(98)
143
(6)
137
Loan credit losses
(11)
11
Impairments of other financial and non-financial assets
(11)
11
Credit losses on financial assets and impairment net of reversals of non-financial assets
Provisions for pending litigations, regulatory and other matters (net of reversals)
(23)
(23)
(6)
6
Profit before tax and non-recurring items
115
(1)
114
Tax
(18)
(18)
Profit attributable to non-controlling interests
Profit after tax and before non-recurring items (attributable to the owners of the Company)
Advisory and other restructuring costs - organic
Profit after tax - attributable to the owners of the Company
(1)
(1)
96
(1)
95
(1)
95
1
95
1)
Please refer to section F.1 'Unaudited reconciliation of consolidated income statement for the quarter ended 31 March 2023 between statutory basis and underlying basis' of the press release
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