Starting from the second quarter of 2015, the Group changed the presentation approach in net commission income and expenses in respect of insurance brokerage (bancassurance). So far, revenues and expenses from insurance were presented as separate items ie. received and due remuneration of the Group for the performance of brokerage services were recognized in revenues from commissions and expenses related to the sale of insurance products in the cost of commission income. After the change, revenues and expenses from insurance brokerage are presented in the net formation ie. in income from insurance premiums are received and due remuneration to the Group for the performance of brokerage services, net of costs incurred by the Group directly related to the sales of insurance products.
Above changes are only presentational and have no impact on the financial result
The tables below present the impact of changes in range of presentation for comparative data
| 01.01-31.12.2014 data before conversion | Change in recognition of the resultunder the bancassurance | 01.01-31.12.2014 converted | |
| Continuing operations | |||
| Interest and similar income | 10 737 431 | - | 10 737 431 |
| Interest expense and similar charges | (3 214 500) | - | (3 214 500) |
| Net interest income | 7 522 931 | - | 7 522 931 |
| Fee and commission income | 4 002 155 | (100 219) | 3 901 936 |
| Fee and commission expense | (1 068 649) | 100 219 | (968 430) |
| Net fee and commission income | 2 933 506 | - | 2 933 506 |
| Operating result | 4 002 753 | - | 4 002 753 |
| Profit before income tax | 4 034 563 | - | 4 034 563 |
| Income tax expense | (791 747) | - | (791 747) |
| Net profit (including non-controlling shareholders) | 3 242 816 | - | 3 242 816 |
| Profit (loss) attributable to non-controlling shareholders | (11 306) | - | (11 306) |
| Net profit attributable to equity holders of the parent company | 3 254 122 | - | 3 254 122 |
The Group has changed the method of presentation for assets for taken over liabilities in subsidiaries
| data as of 31.12.2014 before conversion | Change in recognition of the resultunder the bancassurance | data as of 31.12.2014 converted | |
| Stock | 237 883 | (99 167) | 138 716 |
| Other Assets | 1 122 265 | 99 167 | 1 221 432 |
| TOTAL | 248 700 589 | - | 248 700 589 |