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.