Income statement

(data in thousands of euro)

IFRS 9 IAS 39   1H2018 1H2017 (*)
10. 10. Interest and similar income 199,963 239,358
    o.w.: interest income calculated using the effective interest method  196,124  
20. 20. Interest and similar expense  (90,714) (118,415)
30. 30. NET INTEREST INCOME 109,249 120,943
40. 40. Fee and commission income 135,165 137,260
50. 50. Fee and commission expense (14,752) (15,137)
60. 60. NET FEE AND COMMISSION INCOME 120,413 122,123
70. 70. Dividends and similar income 10,454 10,625
80. 80. Net profit (loss) from trading 546 6,612
90. 90. Net profit (loss) from hedging 778 (900)
100. 100. Profits (losses) on disposal or repurchase of: (18,262) 2,825
100. a)   financial assets at amortised cost (19,882)  
100. b)   financial assets at fair value through other comprehensive income 1,039  
  100. b) financial assets available for sale    1,491
100. c) 100. d) financial liabilities 581 1,334
110. 110. Profits (losses) on financial assets/liabilities at fair value through profit or loss (3,943) (456)
110. b)   other financial assets mandatorily at fair value (3,943)  
120. 120. NET INTEREST AND OTHER BANKING INCOME 219,235 261,772
130. 130. Net losses/recoveries on impairment of: (39,672) (228,426)
130. a)   financial assets at amortised cost (39,662)  
  130. a) loans   (217,418)
130. b)   financial assets at fair value through other comprehensive income (10)  
  130. b) financial assets available for sale    (11,151)
  130. d) other financial transactions   143
140.   Gains (losses) due to modifications not resulting in derecognition (1,272)  
150. 140. NET INCOME FROM BANKING ACTIVITIES 178,291 33,346
180. 170. NET INCOME FROM FINANCIAL AND INSURANCE ACTIVITIES 178,291 33,346
190, 180. Administrative expenses (264,437) (281,010)
190. a) 180. a) a) personnel expenses  (145,355) (151,687)
190. b) 180. b) b) other administrative expenses (119,082) (129,323)
200. 190. Net provisions for risks and charges (27,198) (17,295)
200. a)   a) commitments and guarantees given (37)  
200. b)   b) other net provisions (27,161)  
210. 200. Net adjustments to/recoveries on property and equipment (6,312) (7,894)
220. 210. Net adjustments to/recoveries on intangible assets (2,876) (11,755)
230. 220. Other operating expense (income) 30,696 37,480
240. 230. OPERATING EXPENSES (270,127) (280,474)
250. 240. Profits (losses) on equity investments 4,257 5,767
280. 270. Profits (losses) on disposal of investments 33,864 31
290. 280. PROFIT (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (53,715) (241,330)
300. 290. Taxes on income from continuing operations  18,568 70,632
310. 300. PROFIT (LOSS) AFTER TAX FROM CONTINUING OPERATIONS (35,147) (170,698)
320. 310. Profit (loss) after tax from discontinued operations 14,954 12,326
330. 320. NET PROFIT (LOSS) FOR THE PERIOD (20,193) (158,372)
340. 330. Non-controlling interest 310 (3,464)
350. 340. NET PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THE PARENT COMPANY (20,503) (154,908)

(*) With respect to published accounts, 1H2017 balances are reflective of changes from the application of provisions of IFRS 5 "Non-current assets held for sale and discontinued operations".