Prospectus - Notowania

17
>> Interim Report on Operations
CONSOLIDATED INCOME STATEMENT (€ million)
FIRST NINE MONTHS CHANGE
2009 2008 €m PERCENT ADJUSTED 1
Net interest 13,287 13,550 - 263 - 1.9% + 3.0%
Dividends and other income from equity investments 221 579 - 358 - 61.8% - 60.8%
Net interest income 13,508 14,129 - 621 - 4.4% + 0.5%
Net fees and commissions 5,666 7,003 - 1,337 - 19.1% - 15.6%
Net trading, hedging and fair value income 1,651 -730 + 2,381 n.s. n.s.
Net other expenses/income 304 379 - 75 - 19.8% - 18.0%
Net non-interest income 7,621 6,652 + 969 + 14.6% + 21.0%
OPERATING INCOME 21,129 20,781 + 348 + 1.7% + 7.0%
Payroll costs -6,821 -7,533 + 712 - 9.5% - 6.9%
Other administrative expenses -4,087 -4,443 + 356 - 8.0% - 4.8%
Recovery of expenses 318 417 - 99 - 23.7% - 23.8%
Amortisation, depreciation and impairment losses on intangible
and tangible assets -931 -959 + 28 - 2.9% + 2.2%
Operating costs -11,521 -12,518 + 997 - 8.0% - 4.9%
OPERATING PROFIT 9,608 8,263 + 1,345 + 16.3% + 25.1%
Provisions for risks and charges -377 -179 - 198 + 110.6% + 113.2%
Integration costs -321 -109 - 212 + 194.5% + 206.5%
Net write-downs of loans and provisions for guarantees and
commitments -6,245 -2,372 - 3,873 + 163.3% + 171.5%
Net income from investments 15 13 + 2 + 15.4% - 16.2%
PROFIT BEFORE TAX 2,680 5,616 - 2,936 - 52.3% - 43.9%
Income tax for the period -885 -1,476 + 591 - 40.0% - 35.7%
PROFIT (LOSS) FOR THE PERIOD 1,795 4,140 - 2,345 - 56.6% - 46.8%
Minorities -269 -407 + 138 - 33.9% - 24.5%
NET PROFIT ATTRIBUTABLE TO THE GROUP BEFORE PPA 1,526 3,733 - 2,207 - 59.1% - 49.2%
Purchase Price Allocation effect 2
-195 -226 + 31 - 13.7% - 13.1%
NET PROFIT ATTRIBUTABLE TO THE GROUP 1,331 3,507 - 2,176 - 62.0% - 51.6%
Notes:
First nine months 2008 figures published in the Consolidated Quarterly Report as at September 30, 2008 were modified as follows:
- completion of PPA (Purchase Price Allocation), which also changed net profit attributable to the Group;
- reclassification of results of private equity investments from "Net trading, hedging and fair value income" to "Net income from investments".
2009 first nine months figures include the reclassification of private equity investments results.
1. Changes at constant foreign exchange rates and perimeter.
2. Mainly due to business combination with Capitalia