Consolidated statement of income

Annual Report 2013
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# Consolidated statement of income

For the year ended 31 December 2013

(in millions of Russian rubles)

| Notes | 2013 | 2012
Interest income |  |  |
Loans to customers |  | 150,615 | 119,759
Amounts due from credit institutions and cash equivalents |  | 41,425 | 39,852
Investment securities |  | 18,855 | 19,972
|  | 210,895 | 179,583
Finance leases |  | 26,718 | 20,427
Financial assets at fair value through profit or loss |  | 2,881 | 2,315
Other investment financial assets available for sale |  | 3,250 | 1,829
|  | 243,744 | 204,154
Interest expense |  |  |
Amounts due to credit institutions and the Bank of Russia |  | (50,420) | (37,050)
Amounts due to customers and the Russian Government |  | (63,490) | (63,624)
Debt securities issued |  | (30,861) | (22,984)
|  | (144,771) | (123,658)
Net interest income |  | 98,973 | 80,496
Provision for impairment of interest-earning assets | 12, 14 | (123,317) | (47,872)
Net interest income/expense after provision for impairment of interest-earning assets |  | (24,344) | 32,624
Net fee and commission income | 27 | 7,627 | 5,902
Gains less losses arising from financial instruments at fair value through profit or loss |  | 1,330 | (6,116)
Gains less losses from investment financial assets available for sale | 28 | 68,402 | 2,248
Gains less losses from foreign currencies: |  |  |
- dealing |  | 6,075 | 12,388
- translation differences |  | (14,012) | 2,237
Gains less losses on initial recognition of financial instruments and restructuring |  | 8,473 | 5,209
Share in net income/(loss) of associates and jointly controlled entities | 17 | (648) | 607
Gain on bargain purchase | 6 | 818 | –
Dividends |  | 7,912 | 10,383
Other operating income |  | 11,510 | 5,400
Non-interest income |  | 89,860 | 32,356
Payroll and other staff costs |  | (23,176) | (19,411)
Occupancy and equipment |  | (5,786) | (5,321)
Depreciation of property and equipment | 18 | (2,463) | (1,763)
Taxes other than income tax |  | (4,065) | (3,720)
Other impairment and provisions | 20 | (3,803) | (965)
Other operating expenses | 29 | (21,647) | (19,278)
Non-interest expense |  | (60,940) | (50,458)
Profit before income tax and hyperinflation effect |  | 12,203 | 20,424
Loss on net monetary position resulting from hyperinflation |  | (921) | (398)
Profit before income tax |  | 11,282 | 20,026
Income tax expense | 19 | (2,774) | (2,538)
Profit for the reporting year |  | 8,508 | 17,488
Attributable to: |  |  |
- the Russian Government |  | 8,571 | 17,509
- non-controlling interests |  | (63) | (21)
|  | 8,508 | 17,488

The accompanying notes 1 to 36 are an integral part of these consolidated financial statements. Download notes (PDF, 675Kb)

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