OP Financial Group income statement

EUR million Notes 2014 2013
Restated*
Change, %
Interest income 2,685 2,514 7
Interest expenses 1,642 1,599 3
Net interest income before impairment losses 5 1,043 915 14
Impairment losses on receivables 6 88 84 5
Net interest income after impairment losses 955 831 15
Net income from Non-life Insurance 7 593 524 13
Net income from Life Insurance 8 197 175 13
Net commissions and fees 9 727 694 5
Net trading income 10 88 114 -22
Net investment income 11 74 68 9
Other operating income 12 64 86 -26
Total net income 2,698 2,493 8
Personnel costs 13 741 791 -6
Other administrative expenses 14 414 384 8
Other operating expenses 15 437 422 4
Total expenses 1,592 1,598 0
Returns to owner-members 16 195 193 1
Share of profits/losses of associates accounted for using the equity method 3 -1  
Earnings before tax 915 701 31
Income tax expense 17 308 36  
Profit for the financial year 607 665 -9




Attributable to, EUR million


Profit for the period attributable to owners 599 661 -9
Profit for the period attributable to non-controlling interest 8 4  
Total 607 665 -9
                               

* Comparative figures have been restated as a result of the adoption of IFRS 10 Consolidated Financial Statements.

 


OP Financial Group statement of comprehensive income


EUR million Notes 2014 2013
Restated*
Change, %
Profit for the financial year 607 665 -9
Items that will not be reclassified to profit or loss



Gains/(losses) arising from remeasurement of defined benefit plans -380 19
Items that may be reclassified to profit or loss


  Change in fair value reserve      
  Measurement at fair value 85 -9  
  Cash flow hedge 67 -30  
  Translation differences 0 0 -67
Income tax on other comprehensive income      
  Items that will not be reclassified to profit or loss      
  Gains/(losses) arising from remeasurement of defined benefit plans -76 26  
  Items that may be reclassified to profit or loss      
  Measurement at fair value 17 -19  
  Cash flow hedge 13 -9  
Total comprehensive income for the financial year 424 647 -34




Attributable to, EUR million


Total comprehensive income for the period attributable to owners 393 643 -39
Total comprehensive income for the period attributable to non-controlling interests 32 4
Total 424 647 -34
                               

* Comparative figures have been restated as a result of the adoption of IFRS 10 Consolidated Financial Statements.


Key figures and ratios 2014 2013
Return on equity, % 8.1 8.9  
Return on equity at fair value, % 5.7 8.7  
Return on assets, % 0.57 0.66  
Cost/income ratio, % 57 62  
Average personnel 12,548 13,461  
  Full-time 11,663 12,536  
  Part-time 885 925