KB prezent. angl - Komerční banka

116 ➔117
Consolidated Financial Statements
under IFRS
Consolidated Profit and Loss Statement
for the year ended 31 December 2003
CZK million Notes 2003 2002
Interest income 5 20,362 25,595
Interest expense 5 (8,196) (12,904)
Net interest income 12,166 12,691
Net fees and commissions 6 9,075 8,595
Net profit/(loss) on financial operations 7 708 1,433
Other income 8 588 2,640
Total operating income 22,537 25,359
Administrative expenses 9 (10,288) (12,461)
Depreciation and other provisions 10 (1,551) (1,810)
Restructuring costs 11 (674) (1,085)
Total operating costs (12,513) (15,356)
Profit/(loss) attributable to exclusion of companies from consolidation 12 12 (1)
Income from share of associated undertakings 12 433 21
Profit before provision for loan and investment losses and income taxes 10,469 10,023
Provision for loan losses 2,477 2,522
Provision for losses on securities (74) (759)
Provision for investments in subsidiaries and associates 24 (5)
Provisions for loan and investment losses 13 2,427 1,758
Profit/(loss) before income taxes 12,896 11,781
Income taxes 14 (4,166) (2,661)
Net profit/(loss) before minority interest 8,7309,120
Profit/(loss) attributable to minority interest (61) (94)
Net profit/(loss) 8,669 9,026
Earnings/(loss) per share (CZK) 16 228.07 237.46
The accompanying notes are an integral part of these consolidated financial statements.