Profit and loss account

Profit and loss account for the year 2018
EUR
Year ending December 31, 2018
Year ending December 31, 2017
1.1 Interest income 1,782,588,295.39 1,546,072,620.59
1.2 Interest expense -1,062,963,050.18 -882,360,466.27
1 Net interest income 719,625,245.21 663,712,154.32
2.1 Realized gains/losses arising from financial operations 63,619,044.56 239,265,990.42
2.2 Writedowns on financial assets and positions -195,695,340.12 -187,090,466.90
2.3 Transfer to/from provisions for foreign exchange, interest rate, credit and gold price risks -150,000,000.00 -275,000,000.00
2 Net result of financial operations, writedowns and risk provisions -282,076,295.56 -222,824,476.48
3.1 Fees and commissions income 6,784,404.43 6,931,763.73
3.2 Fees and commissions expense -4,790,375.06 -5,791,731.81
3 Net income from fees and commissions 1,994,029.37 1,140,031.92
4 Income from equity shares and participating interests 98,635,205.52 113,447,362.25
5 Net result of pooling of monetary income 124,364,464.43 72,278,380.89
6 Other income 30,905,607.17 37,185,648.23
Total net income 693,448,256.14 664,939,101.13
7 Staff costs -151,767,185.41 -146,628,517.27
8 Expenses for retirement -138,836,671.50 -108,500,325.89
9 Administrative expenses -80,760,600.61 -80,884,011.01
10 Depreciation of tangible and intangible fixed assets -15,842,357.44 -14,933,646.89
11 Banknote production services -15,226,014.00 -18,035,302.32
12 Other expenses -7,726,224.89 -9,599,397.20
Total expenses -410,159,053.85 -378,581,200.58
Operating profit 283,289,202.29 286,357,900.55
13 Corporate income tax -55,938,744.06 -71,589,475.14
227,350,458.23 214,768,425.41
14 Transfer to the pension reserve and central government's share of profit -206,888,916.99 -195,439,267.12
15 Profit for the year 20,461,541.24 19,329,158.29