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