Group Financial Results H1 2016
Income Statement bridge for 1H2016
€ mn
Net interest income
Net fee and commission income
Per presentation
Reclassification
360
Per financial
statements
360
74
74
Net foreign exchange gains and net gains on other financial instruments
15
59
74
Insurance income net of insurance claims
25
25
Gains/(losses) from revaluations/disposals of investment properties
2
4
6
Losses on disposal of stock properties
(4)
(4)
Other income
6
2
8
Total income
482
61
543
----
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
Gains 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
(202)
(87)
(289)
280
(26)
254
(180)
(180)
22
22
22
(22)
(22)
2
2
102
(26)
76
Tax
(12)
(2)
(14)
Loss attributable to non-controlling interests
(6)
(6)
Profit after tax and before restructuring costs, discontinued operations and net profit from
disposal of non-core assets
84
(28)
Advisory, VEP and other restructuring costs¹
Net gain on disposal of non-core assets
Profit after tax
(87)
59
(59)
56
ེ་ཆ
(56)
56
Bank of Cyprus
KOINO
KYOPI
(1) Advisory, VEP and other restructuring costs comprise mainly: 1) fees of external advisors in relation to: (i) disposal of operations (ii) customer loan restructuring activities which 34
are not part of the effective interest rate and (iii) the contemplated listing on the London stock exchange and 2) voluntary exit plan cost.View entire presentation