Investor Presentaiton
Group Financial Results for the year ended 31 December 2020
Income Statement bridge¹ for FY2020
€ mn
Net interest income
Net fee and commission income
Underlying
basis
NPE sales
Tax related
items
Other
Statutory
Basis
330
330
144
144
Net foreign exchange gains and net gains on financial instrument transactions and disposal/dissolution of subsidiaries
15
3
18
Insurance income net of claims and commissions
Net gains from revaluation and disposal of investment properties and on disposal of stock of properties
56
56
7
བ
Other income
15
15
Total income
Total expenses
Operating profit
Loan credit losses
Impairments of other financial and non-financial instruments
Provisions for litigation, claims, regulatory and other matters
Loss before tax and non-recurring items
Tax
Profit attributable to non-controlling interests
567
3
570
(370)
(26)
(3)
(23)
(422)
197
(26)
3
(3)
(20)
148
(149)
(120)
(3)
(272)
(42)
(42)
(7)
7
(1)
(146)
(3)
(16)
(166)
(8)
(8)
3
3
Loss after tax and before non-recurring items (attributable to the owners of the Company)
Advisory and other restructuring costs - organic
(6)
(146)
(3)
(16)
(171)
(10)
10
Loss after tax - Organic (attributable to the owners of the Company)
Provisions/net loss relating to NPE sales, including restructuring expenses
Restructuring costs – Voluntary Staff Exit Plan (VEP)
DTC levy
Loss after tax - attributable to the owners of the Company
(16)
(146)
(3)
(6)
(171)
(146)
146
(6)
(3)
6
3
(171)
(171)
1)
Please refer to section B1 "Unaudited Reconciliation of income statement for the year ended 31 December 2020" between statutory and underlying basis of the Group Financial Results
Bank of Cyprus Holdings
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