Prospectus - Notowania

Profit before Taxes
35
>> Interim Report on Operations
Group Results
In M9 2009 Operating profit of €9.6 billion, after Provisions for risk and charges of €377 million), Net write-downs on loans
and provisions for guarantees and commitments of €6.2 billion), Net income from investments of €15 million and Integration
costs of €321 million, produced Profit before taxes of €2.7 billion as compared to €5.6 billion in M9 2008.
Breakdown of Profit before Taxes by Business Segment
This table gives for each business segment a breakdown of profit before taxes starting from operating profit. Please see the
corresponding sections above for analysis of individual items.
Profit before tax by business segment (€ million)
OPERATING
PROFIT
PROVISIONS
INTEGRATION
FOR RISKS
COSTS
AND CHARGES
NET WRITE
DOWNS OF
LOANS AND
PROV. FOR
GUAR. AND
COMM.
NET INCOME
FROM
INVESTMENTS
PROFIT BEFORE TAX
FIRST
9 MONTHS 2009
FIRST
9 MONTHS 2008
Retail 2,263 - 72 - 79 - 1,386 - 6 720 2,206
Corporate & Investment Banking (CIB) 5,313 - 124 - 217 - 3,288 - 281 1,403 1,504
Private Banking 187 - 6 - 2 - 6 2 175 311
Asset Management 173 - - 12 - 18 179 503
Central Eastern Europe (CEE) 2,065 - 24 - 3 - 1,221 11 828 1,538
Poland's Markets 573 - - - 91 26 508 879
Parent Company and other companies - 966 - 151 - 8 - 253 245 - 1,133 - 1,325
Group Total 9,608 - 377 - 321 - 6,245 15 2,680 5,616
Income Taxes for the Period
Income taxes for the period were €885 million, the tax rate being 33% as compared to 26.3% in M9 2008.
Net Profit Attributable to the Group
Net Profit of €1,795 million, less Minorities of €269 million and the effect of Purchase Price Allocation mainly arising out of the
acquisition of the Capitalia Group (€195 million), resulted in Net profit attributable to the Group of €1,331 million as against
€3,507 million in M9 2008.