Income statement

(figures in thousand of euros)

        Change  
(EUR/000)   12M2017 12M2016(r) absolute %
  10 - INTEREST AND SIMILAR INCOME 464,312 538,844 (74,532) - 13.8
  20 - INTEREST AND SIMILAR EXPENSE (230,699) (279,848) 49,149 - 17.6
  30 - NET INTEREST INCOME 233,613 258,996 (25,383) - 9.8
  40 - FEE AND COMMISSION INCOME 270,850 274,220 (3,370) - 1.2
  50 - FEE AND COMMISSION EXPENSE (31,631) (34,898) 3,267 - 9.4
  60 - NET FEE AND COMMISSION INCOME 239,219 239,322 (103) - 0.0
  70 - DIVIDENDS AND SIMILAR INCOME 10,661 14,077 (3,416) - 24.3
  80 - NET PROFIT (LOSS) FROM TRADING 4,151 18,459 (14,308) - 77.5
  90 - NET PROFIT (LOSS) FROM HEDGING (430) (2,384) 1,954 - 82.0
100 - PROFITS (LOSSES) ON DISPOSAL OR REPURCHASE OF: (104,309) 48,810 (153,119)
  a) loans (321,469) (3) (321,466)
  b) financial assets available for sale (7,982) 40,302 (48,284)
  d) financial liabilities 225,142 8,511 216,631
110 - PROFITS (LOSSES) FROM FINANCIAL ASSETS/LIABILITIES DESIGNATED AT FAIR VALUE (1,573) (3,993) 2,420 - 60.6
120 - NET INTEREST AND OTHER BANKING INCOME 381,332 573,287 (191,955) - 33.5
130 - NET LOSSES/RECOVERIES ON IMPAIRMENT OF: (438,724) (467,917) 29,193 - 6.2
  a) loans (427,501) (469,797) 42,296 - 9.0
  b) financial assets available for sale (15,375) (7,563) (7,812)
  d) other financial transactions 4,152 9,443 (5,291) - 56.0
140 - NET INCOME FROM BANKING ACTIVITIES (57,392) 105,370 (162,762)
170 - NET INCOME FROM BANKING AND INSURANCE ACTIVITIES (57,392) 105,370 (162,762)
180 - ADMINISTRATIVE EXPENSES: (622,511) (572,155) (50,356) 8.8
  a) personnel expenses (358,743) (295,757) (62,986) 21.3
  b) other administrative expenses (263,768) (276,398) 12,630 - 4.6
190 - NET PROVISIONS FOR RISKS AND CHARGES (24,224) (20,745) (3,479) 16.8
200 - NET ADJUSTMENTS TO/ RECOVERIES ON PROPERTY AND EQUIPMENT (14,661) (26,468) 11,807 - 44.6
210 - NET ADJUSTMENTS TO/ RECOVERIES ON INTANGIBLE ASSETS (36,692) (24,105) (12,587) 52.2
220 - OTHER OPERATING INCOME/EXPENSE 71,514 87,919 (16,405) - 18.7
230 - OPERATING EXPENSES (626,574) (555,554) (71,020) 12.8
240 - PROFITS (LOSSES) ON EQUITY INVESTMENTS 9,982 6,596 3,386 51.3
260 - IMPAIRMENT ON GOODWILL - (19,942) 19,942 - 100.0
270 - GAINS (LOSSES) ON DISPOSAL OF INVESTMENTS 85,266 (149) 85,415
280 - PROFIT (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (588,718) (463,679) (125,039) 27.0
290 - TAXES ON INCOME FROM CONTINUING OPERATIONS 169,284 142,221 27,063 19.0
300 - PROFIT (LOSS) AFTER TAX FROM CONTINUING
OPERATIONS
(419,434) (321,458) (97,976) 30.5
310 - PROFITS (LOSSES) AFTER TAX DISCONTINUED OPERATIONS 26,070 25,390 680 2.7
320 - NET PROFIT (LOSS) FOR THE YEAR (393,364) (296,068) (97,296) 32.9
330 - NON-CONTROLLING INTERESTS (4,929) (4,331) (598) 13.8
340 - NET PROFIT (LOSS) FOR THE YEAR ATTRIBUTABLE TO THE PARENT COMPANY (388,435) (291,737) (96,698) 33.1

(r) With respect to published accounts, the balances of previous year are reflective of changes from the application of provisions of IFRS 5 "Non-current assets held for sale and discontinued operations"(r) With respect to published accounts, the balances of previous year are reflective of changes from the application of provisions of IFRS 5 "Non-current assets held for sale and discontinued operations"