Consolidated Income Statement

  Note 2015 2014
Continuing operations      
Interest and similar income 7 9 657 763 10 737 431
Interest expense and similar charges 7 (2 629 168) (3 214 500)
Net interest income   7 028 595 7 522 931
Fee and commission income 8 3 598 330 3 901 936
Fee and commission expense 8 (747 702) (968 430)
Net fee and commission income   2 850 628 2 933 506
Dividend income 9 10 658 6 511
Net income from financial instruments measured at fair value 10 40 577 75 188
Gains less losses from investment securities 11 87 747 150 050
Net foreign exchange gains (losses)   369 094 235 797
Other operating income 12 574 640 570 779
Other operating expense 12 (297 116) (348 198)
Net other operating income and expense   277 524 222 581
Net impairment allowance and write-downs 13 (1 475 918) (1 898 670)
Administrative expenses 14 (6 036 270) (5 245 141)
Operating profit   3 152 635 4 002 753
Share in profit (loss) of associates and joint ventures   38 115 31 810
Profit before income tax   3 190 750 4 034 563
Income tax expense 15 (589 497) (791 747)
Net profit (including non-controlling shareholders)   2 601 253 3 242 816
Profit (loss) attributable to non-controlling shareholders   (8 311) (11 306)
Net profit attributable to equity holders of the parent company   2 609 564 3 254 122

Earnings per share 16    
– basic earnings per share for the period (PLN)   2.09 2.60
– diluted earnings per share for the period (PLN)   2.09 2.60
Weighted average number of ordinary shares during the period (in thousand)   1 250 000 1 250 000
Weighted average diluted number of ordinary shares during the period (in thousand)   1 250 000 1 250 000

Discontinued operations

In 2015 and 2014, no discountinued operations were conducted by the PKO Bank Polski SA Group.