Consolidated Income Statement

Consolidated Income Statement [1]

	Note	2015	2014
Continuing operations
Interest and similar income	7 [2]	9 657 763	10 737 431
Interest expense and similar charges	7 [2]	(2 629 168)	(3 214 500)
Net interest income		7 028 595	7 522 931
Fee and commission income	8 [3]	3 598 330	3 901 936
Fee and commission expense	8 [3]	(747 702)	(968 430)
Net fee and commission income		2 850 628	2 933 506
Dividend income	9 [4]	10 658	6 511
Net income from financial instruments measured at fair value	10 [5]	40 577	75 188
Gains less losses from investment securities	11 [6]	87 747	150 050
Net foreign exchange gains (losses)		369 094	235 797
Other operating income	12 [7]	574 640	570 779
Other operating expense	12 [7]	(297 116)	(348 198)
Net other operating income and expense		277 524	222 581
Net impairment allowance and write-downs	13 [8]	(1 475 918)	(1 898 670)
Administrative expenses	14 [9]	(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 [10]	(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 [12]
– 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.