Income statement

(figures in thousand of euros)

Change
1ST H 2015
1ST H 2014(*)
absolute
%
10 - INTEREST AND SIMILAR INCOME
333,015 427,743 (94,728) (22.1)
20 - INTEREST AND SIMILAR EXPENSE
(184,631) (240,861) 56,230 (23.3)
30 - INTEREST MARGIN
148,384 186,882 (38,498) (20.6)
40 - FEE AND COMMISSION INCOME 151,780 153,402 (1,622) (1.1)
50 - FEE AND COMMISSION EXPENSE (20,719) (25,625) 4,906 (19.1)
60 - NET FEE AND COMMISSION INCOME 131,061 127,777 3,284 2.6
70 - DIVIDENDS AND SIMILAR INCOME 14,435 17,918 (3,483) (19.4)
80 - NET PROFIT (LOSS) ON TRADING (2,020) (1,792) (228) 12.7
90 - FAIR VALUE ADJUSTMENTS IN HEDGE ACCOUNTING (4,695) 728 (5,423) ...
100 - PROFIT (LOSSES) ON DISPOSAL OR REPURCHASE OF: 13,518 53,685 (40,167) (74.8)
a) loans
(66) 1,278 (1,344) ...
b) financial assets available for sale
14,198 49,330 (35,132) (71.2)
d) financial liabilities
(614) 3,077 (3,691)
110 - NET PROFIT (LOSS) FROM FINANCIAL ASSETS AND LIABILITIES DESIGNATED AT FAIR VALUE 1,397 3,187 (1,790) (56.2)
120 - NET INTEREST AND OTHER BANKING INCOME
302,080 388,385 (86,305) (22.2)
130 - NET LOSSES/RECOVERIES ON IMPAIRMENT OF:
(124,052) (162,861) 38,809 (23.8)
a) loans
(131,680) (165,269) 33,589 (20.3)
b) financial assets available for sale
(1,458) (1,082) (376) 34.8
d) other financial activities
9,086 3,490 5,596 ...
140 - NET INCOME FROM BANKING ACTIVITIES 178,028 225,524 (47,496) (21.1)
170 - NET INCOME FROM BANKING AND INSURANCE
ACTIVITIES
178,028 225,524 (47,496) (21.1)
180 - ADMINISTRATIVE EXPENSES:
(302,400) (320,959) 18,559 (5.8)
a) personnel expenses
(174,621) (189,954) 15,333 (8.1)
b) other administrative expenses
(127,779) (131,005) 3,226 (2.5)
190 - NET PROVISIONS FOR RISKS AND CHARGES
(781) (6,004) 5,223 (87.0)
200 - NET ADJUSTMENTS TO/ RECOVERIES ON PROPERTY AND EQUIPMENT
(11,345) (11,947) 602 (5.0)
210 - NET ADJUSTMENTS TO/ RECOVERIES ON INTANGIBLE ASSETS (14,068) (15,040) 972 (6.5)
220 - OTHER OPERATING INCOME (EXPENSES) 49,637 51,230 (1,593) (3.1)
230 - OPERATING EXPENSES
(278,957) (302,720) 23,763 (7.8)
240 - PROFIT (LOSSES) ON INVESTMENTS IN ASSOCIATES AND COMPANIES SUBJECT TO JOINT CONTROL
3,933 2,620 1,313 50.1
270 - PROFIT (LOSSES) FROM DISPOSAL OF INVESTMENTS
203 (20) 223 ...
280 -INCOME (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (96,793) (74,596) (22,197) 29.8
290 - TAXES ON INCOME FROM CONTINUING OPERATIONS
27,634 3,632 24,002 ...
300 - INCOME (LOSS) AFTER TAX FROM CONTINUING OPERATIONS (69,159) (70,964) 1,805 (2.5)
310 - PROFIT (LOSS) AFTER TAX FROM DISCONTINUED OPERATIONS 85,968 26,575 59,393 ...
320 - NET INCOME (LOSS) FOR THE PERIOD 16,809 (44,389) 61,198 ...
330 - MINORITY INTERESTS
128 1,132 (1,004) (88.7)
340 - NET INCOME (LOSS) ATTRIBUTABLE TO THE PARENT
COMPANY
16,681 (45,521) 62,202 ...

(*) The balances for the first half of the previous year reflect, with respect to those published, changes resulting from the application of the provisions of IFRS 5 "Non-current Assets Held for sale and Discontinued Operations".