OP-Pohjola Group's IFRS Financial Statements 2013
OP-Pohjola Group income statement
EUR million | Notes | 2013 | 2012 | Change, % | |||||||||||
Interest income | 2,512 | 3,174 | -21 | ||||||||||||
Interest expenses | 1,599 | 2,171 | -26 | ||||||||||||
Net interest income before impairment losses | 5 | 913 | 1,002 | -9 | |||||||||||
Impairment losses on receivables | 6 | 84 | 99 | -15 | |||||||||||
Net interest income after impairment losses | 830 | 903 | -8 | ||||||||||||
Net income from Non-life Insurance | 7 | 524 | 433 | 21 | |||||||||||
Net income from Life Insurance | 8 | 175 | 108 | 62 | |||||||||||
Net commissions and fees | 9 | 625 | 584 | 7 | |||||||||||
Net trading income | 10 | 114 | 81 | 41 | |||||||||||
Net investment income | 11 | 66 | 52 | 27 | |||||||||||
Other operating income | 12 | 95 | 109 | -12 | |||||||||||
Total net income | 2,429 | 2,270 | 7 | ||||||||||||
Personnel costs | 13 | 753 | 764 | -2 | |||||||||||
Other administrative expenses | 14 | 373 | 378 | -1 | |||||||||||
Other operating expenses | 15 | 404 | 352 | 15 | |||||||||||
Total expenses | 1,530 | 1,494 | 2 | ||||||||||||
Returns to owner-members | 16 | 193 | 192 | 1 | |||||||||||
Share of associates' profits/losses | 0 | 2 | |||||||||||||
Earnings before tax | 705 | 586 | 20 | ||||||||||||
Income tax expense | 17 | 32 | 115 | -72 | |||||||||||
Profit for the financial year | 673 | 471 | 43 | ||||||||||||
Attributable to, EUR million | |||||||||||||||
Profit for the period attributable to owners | 672 | 470 | 43 | ||||||||||||
Profit for the period attributable to non-controlling interest | 0 | 1 | |||||||||||||
Total | 673 | 471 | 43 | ||||||||||||
OP-Pohjola Group statement of comprehensive income
EUR million | Notes | 2013 | 2012 | Change, % | |||||||||||
Profit for the financial year | 673 | 471 | 43 | ||||||||||||
Items that will not be reclassified to profit or loss | |||||||||||||||
Gains/(losses) arising from remeasurement of defined benefit plans | 19 | -75 | |||||||||||||
Items that may be reclassified to profit or loss | |||||||||||||||
Change in fair value reserve | |||||||||||||||
Measurement at fair value | -13 | 648 | |||||||||||||
Cash flow hedge | -30 | 50 | |||||||||||||
Translation differences | 0 | 0 | |||||||||||||
Income tax on other comprehensive income | |||||||||||||||
Items that will not be reclassified to profit or loss | |||||||||||||||
Gains/(losses) arising from remeasurement of defined benefit plans | 26 | -18 | |||||||||||||
Items that may be reclassified to profit or loss | |||||||||||||||
Measurement at fair value | -20 | 158 | |||||||||||||
Cash flow hedge | -9 | 12 | |||||||||||||
Total comprehensive income for the financial year | 651 | 942 | -31 | ||||||||||||
Attributable to, EUR million | |||||||||||||||
Total comprehensive income for the period attributable to owners | 651 | 941 | -31 | ||||||||||||
Total comprehensive income for the period attributable to non-controlling interests | 0 | 1 | |||||||||||||
Total | 651 | 942 | -31 | ||||||||||||
Key figures and ratios | 2013 | 2012 | |||||||||||||
Return on equity, % | 9.1 | 7.0 | |||||||||||||
Return on equity at fair value, % | 8.8 | 14.1 | |||||||||||||
Return on assets, % | 0.67 | 0.49 | |||||||||||||
Cost/income ratio, % | 61 | 63 | |||||||||||||
Average personnel | 12,587 | 13,411 | |||||||||||||
Full-time | 11,662 | 12,393 | |||||||||||||
Part-time | 925 | 1,018 | |||||||||||||