Financial Analysis and Currency Deposits
Income Statement bridge¹ for 1H2022
€ mn
Net interest income
Net fee and commission income
Net foreign exchange gains and net gains/(losses) on financial instruments
Net gains/(losses) on derecognition of financial assets measured at amortised cost
Insurance income net of claims and commissions
Net gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties
Other income
Underlying
basis
NPE sales
Other
Statutory Basis
145
145
94
94
11
(1)
10
2
2
33
33
7
7
9
9
Total income
Total expenses
299
1
300
(190)
(1)
(9)
(200)
Operating profit before impairment losses on financial instruments
109
(1)
(8)
100
Loan credit losses
(23)
23
Impairments of other financial and non-financial assets
(13)
13
Credit losses on financial assets and impairment net of reversals of non-financial assets
(37)
(37)
Provision for litigation and regulatory matters
(1)
1
Profit before tax and non-recurring items
72
(1)
(8)
63
Tax
(12)
(12)
Profit attributable to non-controlling interests
(1)
(1)
Profit after tax and before non-recurring items (attributable to the owners of the Company)
Advisory and other restructuring costs - organic
59
(1)
(8)
50
(5)
5
54
(1)
(3)
50
Profit after tax - Organic (attributable to the owners of the Company)
Provisions/net (loss)/profit relating to NPE sales
Restructuring and other costs relating to NPE sales
Restructuring costs – Voluntary Staff Exit Plan (VEP)
Profit after tax - attributable to the owners of the Company
1)
Please refer to section B1 "Reconciliation of the Interim Condensed Consolidated Income Statement for the six months ended 30 June 2022 between statutory and underlying basis"
(1)
1
(3)
3
50
50
99
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