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  
 
 
                               
 
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