Basic HTML Version
45
Financial statements 2011
Statement of comprehensive income
EUR
Notes
31.12.2011
31.12.2010
Interest and similar income
7.1
34 953 522
31 483 224
Income from investments in shares and
other variable income securities
4.3
3 758 414
10 878 493
Net loss from guarantee operations
7.2
(31 727 489)
(24 918 778)
Commission income
7.3
43 175 030
37 149 456
Net gain/(loss) on financial operations
7.4
(74 237)
2 180 690
Other operating income
7.5
669 495
335 157
General administrative expenses
5.3, 7.6
Staff costs:
- wages and salaries
(33 705 121)
(30 118 764)
- social security and contribution costs
(7 503 803)
(4 990 135)
(41 208 924)
(35 108 899)
Other administrative expenses
(13 452 860)
(8 470 136)
(54 661 784)
(43 579 035)
Depreciation and amortisation
4.5, 4.6
(1 204 822)
(1 763 626)
Impairment losses on available-for-sale investments
4.3
(5 106 057)
(4 533 526)
Profit/(loss) for the financial year
(10 217 928)
7 232 055
EUR
Other comprehensive income
- Net change in fair value of available-for-sale financial assets
(32 252 765)
(40 954 211)
- Net change in fair value of available-for-sale financial assets
transferred to profit/(loss)
1 035 100
479 739
(31 217 665)
(40 474 472)
Total comprehensive income for the financial year
(41 435 593)
(33 242 417)
The notes on pages 48 to 93 are an integral part of these financial statements.
for the year ended 31 December 2011