Performance and Capital Position Overview
Income Statement bridge for 1Q2016
€ mn
Net interest income
Net fee and commission income
Net foreign exchange gains/(losses) and net gains/(losses) on other financial instruments
Insurance income net of insurance claims
Gains from revaluations/disposals of investment properties
Losses on disposal of stock properties
Other income
Total income
Total expenses
Profit before provisions and impairments, gains/(losses) on derecognition of loans and
changes in expected cash flows, restructuring costs and discontinued operations
----
Provisions for impairment of customer loans
Loss on derecognition of loans and changes in expected cash flows
Impairments of other financial and non-financial assets
Share of profit from associates
Profit before tax, restructuring costs and discontinued operations
Per presentation
Reclassification
185
Per financial
statements
185
36
36
6
6
14
14
1
3
4
(3)
(3)
2
2
244
244
(99)
(17)
(116)
145
128
(47)
(15)
(47)
(15)
(8)
1
(8)
1
59
(8)
(1)
50
(17)
(17)
50
50
76
Tax
(8)
Loss attributable to non-controlling interests
(1)
Profit after tax and before restructuring costs, discontinued operations and net profit from
disposal of non-core assets
67
Advisory and other restructuring costs 1
Profit after tax
(1) Restructuring costs comprise mainly costs of external advisors in relation to disposal of operations as well as fees for customer loan restructuring activities which are
not part of the effective interest rate, London listing related expenses and other expenses including property transfer fees relating to the restructuring process of the
Group and costs incurred in closing down branches and operations.
Bank of Cyprus
32
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