Informe_Anual_Cecabank_2016_ENG

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FINANCIAL INFORMATION
(*) Presented for comparative purposes only.
Notes 1 to 41 and Annexes I to IV, included in this report, are an integral part of profits
and losses for 2015.
Cecabank’s profit increased from 35 million euros in 2013 to 77
million euros in 2016, representing an increase of 130 per cent
over three years.
Results
Cecabank’s profit increased from 35 million euros in 2013 to 77 million euros in 2016, representing
an increase of 130 per cent over three years.
Income / (Expense)
2016 2015*
Interest income (Note 28) 111,106 67,414
Interest costs (Note 29) (73,133) (20,618)
Costs for social capital having the nature of a financial liability - -
A. NET INTEREST INCOME 37,973 46,796
Dividend income (Note 30 33,841 5,474
Commission income (Note 31) 134,269 128,130
Commissions costs (Note 32) (15,405) (16,251)
Profits or losses for deregistering assets or financial liabilities not measured
at fair value
through profit or loss, net (Note 33) 16,511 15,588
Profits or losses due to assets or financial liabilities held for trading, net (Note 33) (38,902) 8,371
Profits or losses for assets or financial liabilities measured at fair value through
profit or loss, net (Note 33) (290) (1,215)
Gains or losses resulting from hedge accounting, net (Note 33) (4,802) (2,369)
Exchange differences, net 51,178 51,754
Other operating income (Note 34) 43,602 46,694
Other operating costs (Note 37) (4,049) (4,251)
B. GROSS INCOME 253,926 278,721
Administrative expenses (115,182) (115,585)
Staff costs (Note 35) (51,689) (52,773)
Other administrative expenses (Note 36) (63,493) (62,812)
Depreciation and amortisation (Note 39) (55,588) (49,688)
Provisions or reversal of provisions (Note 16) 3,236 (32,251)
Value impairment or reversal of value impairment of financial assets not
measured at fair value through profit or loss (Notes 22 and 38) 11,064 19,291
Financial assets valued at cost - -
Available-for-sale financial assets (3,410) (913)
Loans and receivables 14,474 20,204
Held-to-maturity investments - -
C. PROFIT FROM OPERATIONS 97,456 100,488
Impairment value or reversal of impairment value of investments in
subsidiaries, joint businesses, or associated companies (Note 11) - 4,988
Impairment value or reversal of impairment value of non-financial assets - -
Tangible assets - -
Intangible assets - -
Other - -
Profits or losses on deregistering non-financial assets and liabilities, net (Note 12) (12)
Of which: Investments in subsidiaries, joint businesses, and associate companies - -
Negative goodwill recognised in the income statement - -
Profits or losses from non-current assets or disposable groups of elements classified as held
for sale or inadmissible as discontinued activities (Note 10)
10,894 -
Cecabank 2016 Annual Report Page. 82
06 FINANCIAL INFORMATION
6.1
6.