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2018 Financial and Social Report

Amount ‘000 PLN Amount ‘000 EUR
1.01.2018 – 31.12.2018 1.01.2017 – 31.12.2017 1.01.2018 – 31.12.2018 1.01.2017 – 31.12.2017
Interest income and other of similar nature 2 561 919 2 398 938 600 417 565 161
Fee and commission income 824 245 799 288 193 172 188 303
Profit (loss) before income tax 1 024 605 925 223 240 129 217 971
Profit (loss) after taxes 760 651 681 227 178 268 160 489
Total comprehensive income of the period 854 466 831 394 200 255 195 866
Net cash flows from operating activities 4 255 280 2 458 968 997 277 579 303
Net cash flows from investing activities (8 004 614) 580 471 (1 875 979) 136 752
Net cash flows from financing activities (138 230) (13 169) (32 396) (3 102)
Net cash flows, total (3 887 564) 3 026 270 (911 098) 712 953
Earnings (losses) per ordinary share (in PLN/EUR) 0.63 0.56 0.15 0.13
Diluted earnings (losses) per ordinary share 0.63 0.56 0.15 0.13
31.12.2018 31.12.2017 31.12.2018 31.12.2017
Total Assets 80 458 914 71 141 415 18 711 375 17 056 610
Liabilities to banks and other monetary institutions 1 788 857 2 353 131 416 013 564 178
Liabilities to customers 66 243 769 57 273 255 15 405 528 13 731 630
Equity 8 384 386 7 772 599 1 949 857 1 863 530
Share capital 1 213 117 1 213 117 282 120 290 853
Number of shares (pcs.) 1 213 116 777 1 213 116 777 1 213 116 777 1 213 116 777
Book value per share (in PLN/EUR) 6.91 6.41 1.61 1.54
Diluted book value per share (in PLN/EUR) 6.91 6.41 1.61 1.54
Total Capital Ratio (TCR) 21.68% 21.99% 21.68% 21.99%
Pledged or paid dividend per share (in PLN/EUR)
Exchange rates accepted to convert selected financial data into EUR
for items as at the balance sheet date 4.3000 4.1709
for items for the period covered by the report (exchange rate calculated as the average of exchange rates at the end of individual months of the period) 4.2669 4.2447

 

Quarterly financial information

Consolidated income statement

Amount ‘000 PLN 1.01.2018 -31.12.2018 1.10.2018 -31.12.2018* 1.01.2017 -31.12.2017 1.10.2017 -31.12.2017*
Net interest income 1 817 475 485 668 1 696 468 443 930
Interest income and other of similar nature 2 561 919 680 494 2 398 938 615 914
Income calculated using the effective interest
method
2 445 255 650 089 n/d n/d
– Interest income from Financial assets at amortised cost 2 092 858 555 227 n/d n/d
– Interest income from Financial assets at fair value through other comprehensive income 352 397 94 862 n/d n/d
Income of similar nature to interest from Financial
assets at fair value through profit or loss
116 664 30 405 n/d n/d
Interest expenses (744 444) (194 826) (702 470) (171 984)
Net fee and commission income 661 069 161 569 663 553 169 380
Fee and commission income 824 245 204 337 799 288 205 962
Fee and commission expenses (163 176) (42 768) (135 735) (36 582)
Dividend income 2 601 196 2 612 147
Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 18 897 3 220 25 288 16 069
Results on financial assets and liabilities held for trading 81 775 23 667 42 580 6 520
Result on non-trading financial assets mandatorily at fair value through profit or loss (6 375) (4 591) n/d n/d
Result on hedge accounting (20 037) (5 130) (20 377) (7 670)
Result on exchange differences 151 620 41 134 169 518 44 625
Other operating income 50 710 16 077 69 909 12 547
Other operating expenses (50 028) (15 682) (77 950) (29 350)
Administrative expenses (1 213 765) (305 392) (1 149 723) (291 394)
Impairment losses on financial assets (201 967) (52 132) (254 159) (62 703)
Impairment losses on non-financial assets (509) 311 (1 199) (256)
Result on modification (14 157) (3 970) n/d n/d
Depreciation (54 227) (14 358) (52 971) (13 117)
Share of the profit of investments in subsidiaries 0 0 0 0
Banking tax (198 477) (49 952) (188 326) (48 270)
Profit before income taxes 1 024 605 280 635 925 223 240 458
Corporate income tax (263 954) (68 118) (243 996) (60 811)
Profit after taxes 760 651 212 517 681 227 179 647
Attributable to:
Owners of the parent 760 651 212 517 681 227 179 647
Non-controlling interests 0 0 0 0
Weighted average number of outstanding ordinary shares (pcs.) 1 213 116 777 1 213 116 777 1 213 116 777 1 213 116 777
Profit (loss) per ordinary share (in PLN) 0.63 0.18 0.56 0.15

(*) quarterly financial information has not been audited by an independent auditor

Consolidater statement of total comprehensive income

Amount ‘000 PLN 1.01.2018 -31.12.2018 1.10.2018 -31.12.2018* 1.01.2017 -31.12.2017 1.10.2017 -31.12.2017*
Result after taxes 760 651 212 517 681 227 179 647
Other comprehensive income items that may be (or were) reclassified to profit or loss 112 882 71 694 187 456 705
Result on debt securities at fair value through other comprehensive income 71 006 57 008 n/a n/a
Result on debt securities classified as available for sale n/a n/a 112 041 9 767
Result on equity instruments classified as available for sale n/a n/a 5 237 845
Hedge accounting 41 876 14 686 70 178 (9 907)
Other comprehensive income items that will not be
reclassified to profit or loss
2 939 2 957 (2 064) (2 064)
Actuarial gains (losses) (83) (83) (2 064) (2 064)
Result on equity instruments at fair value through other comprehensive income 3 022 3 040 n/a n/a
Total comprehensive income items before taxes 115 821 74 651 185 392 (1 359)
Corporate income tax on other comprehensive income items that may be (or were) reclassified to profit or loss (21 448) (13 620) (35 618) (136)
Corporate income tax on other comprehensive income items that will not be reclassified to profit or loss (558) (562) 392 392
Total comprehensive income items after taxes 93 815 60 470 150 167 (1 102)
Total comprehensive income for the period 854 466 272 987 831 394 178 545
Attributable to:
Owners of the parent 854 466 272 987 831 394 178 545
Non-controlling interests 0 0 0 0

(*) quarterly financial information has not been audited by an independent auditor