Audited Financial Reporting

Consolidated statement of income

in EUR thousand

Notes

1-12 17

1-12 18

Net interest income

1

4,353,154

4,581,977

Interest income

1

5,624,422

5,174,274

Other similar income

1

x

1,772,606

Interest expenses

1

-1,271,268

-1,003,447

Other similar expenses

1

x

-1,361,456

Net fee and commission income

2

1,851,567

1,908,449

Fee and commission income

2

2,329,384

2,377,020

Fee and commission expenses

2

-477,816

-468,571

Dividend income

3

43,726

29,043

Net trading result

4

222,802

-1,697

Gains/losses from financial instruments measured at fair value through profit or loss

5

-12,302

195,406

Net result from equity method investments

 

15,857

13,102

Rental income from investment properties & other operating leases

6

194,235

189,368

Personnel expenses

7

-2,388,581

-2,474,238

Other administrative expenses

7

-1,309,630

-1,234,893

Depreciation and amortisation

7

-460,022

-471,966

Gains/losses from financial assets and liabilities not measured at fair value through profit or loss, net

8

156,431

x

Gains/losses from derecognition of financial assets measured at amortised cost 

9

x

58

Other gains/losses from derecognition of financial instruments not measured at fair value through profit or loss 

10

x

5,658

Net impairment loss on financial assets

11

-132,017

x

Impairment result from financial instruments

12

x

59,253

Other operating result

13

-457,425

-304,549

Levies on banking activities

13

-105,658

-112,221

Pre-tax result from continuing operations

 

2,077,797

2,494,972

Taxes on income

14

-410,050

-332,439

Net result for the period

 

1,667,747

2,162,533

Net result attributable to non-controlling interests

 

351,529

369,087

Net result attributable to owners of the parent

 

1,316,218

1,793,446

Earnings per share

Earnings per share constitute net profit/loss for the year attributable to owners of the parent divided by the average number of ordinary shares outstanding. Diluted earnings per share represent the maximum potential dilution (through an increase in the average number of shares) that would occur if all subscription and conversion rights granted were exercised (also see Note 46 Total equity). As in the previous year no subscription and conversion rights were outstanding during the financial year. Diluted earnings per share were equal to the undiluted.

 

 

1-12 17

1-12 18

Net result attributable to owners of the parent

in EUR thousand

1,316,218

1,793,446

Dividend on AT1 capital

in EUR thousand

-60,893

-76,856

Net result for the period attributable to owners of the parent after deduction of AT1 capital dividend

in EUR thousand

1,255,325

1,716,590

Weighted average number of outstanding shares

 

426,679,572

426,696,221

Earnings per share

in EUR

2.94

4.02

Weighted average diluted number of outstanding shares

 

426,679,572

426,696,221

Diluted earnings per share

in EUR

2.94

4.02

Consolidated statement of comprehensive income

in EUR thousand

1-12 17

1-12 18

Net result for the period

1,667,747

2,162,533

 

 

 

Other comprehensive income

 

 

Items that may not be reclassified to profit or loss

-640

122,218

Remeasurement of defined benefit plans

-7,387

-127,413

Fair value reserve of equity instruments

x

36,740

Own credit risk reserve

x

226,932

Deferred taxes relating to items that may not be reclassified

6,747

-14,041

 

 

 

Items that may be reclassified to profit or loss

15,030

-191,755

Available for sale reserve

-184,575

x

Gains/losses during the period

-61,622

x

Reclassification adjustments

-122,953

x

Fair value reserve of debt instruments

x

-152,264

Gains/losses during the period

x

-152,484

Reclassification adjustments

x

3,508

Credit loss allowances 

x

-3,288

Cash flow hedge reserve

-105,288

-2,890

Gains/losses during the period

-73,898

28,025

Reclassification adjustments

-31,390

-30,915

Currency reserve

237,620

-72,079

Gains/losses during the period

237,620

-72,079

Income tax relating to items that may be reclassified

67,273

35,479

Gains/losses during the period

23,264

30,321

Reclassification adjustments

44,009

5,158

Total other comprehensive income

14,391

-69,537

 

 

 

Total comprehensive income

1,682,137

2,092,996

Total comprehensive income attributable to non-controlling interests

277,144

322,652

Total comprehensive income attributable to owners of the parent

1,404,994

1,770,344

For a detailed split of income tax items within other comprehensive income please refer to Note 14 Taxes on income.

Consolidated balance sheet

in EUR thousand

Notes

Dec 17

Dec 18

Assets

 

 

 

Cash and cash balances

16

21,796,299

17,549,181

Financial assets held for trading

17,18

6,349,189

5,584,460

Derivatives

17

3,333,142

3,037,413

Other financial assets held for trading

18

3,016,047

2,547,047

Pledged as collateral

52

242,434

162,856

Financial assets at fair value through profit or loss

19

542,572

x

Non-trading financial assets at fair value through profit or loss

20

x

3,310,046

Pledged as collateral

52

x

37,237

Equity instruments

20

x

372,297

Debt securities

20

x

2,651,166

Loans and advances to customers

20

x

286,583

Financial assets available for sale

21

16,060,153

x

Pledged as collateral

52

756,537

x

Financial assets at fair value through other comprehensive income

22

x

9,271,881

Pledged as collateral

52

x

212,439

Equity instruments

22

x

238,876

Debt securities

22

x

9,033,005

Financial assets held to maturity

23

19,800,435

x

Pledged as collateral

52

1,568,387

x

Loans and receivables to credit institutions

25

9,125,673

x

Loans and receivables to customers

26

139,532,277

x

Financial assets at amortised cost

27

x

189,106,358

Pledged as collateral

52

x

959,617

Debt securities

27

x

26,050,153

Loans and advances to banks

27

x

19,102,754

Loans and advances to customers

27

x

143,953,451

Finance lease receivables

28

x

3,762,767

Hedge accounting derivatives

29

884,311

132,411

Property and equipment

36

2,386,767

2,292,792

Investment properties

36

1,111,561

1,159,330

Intangible assets

37

1,523,564

1,507,082

Investments in associates and joint ventures

33

198,373

198,093

Current tax assets

38

107,633

101,315

Deferred tax assets

38

257,933

402,190

Assets held for sale

39

213,897

213,127

Trade and other receivables

30

x

1,318,411

Other assets

40

768,795

882,387

Total assets

 

220,659,433

236,791,833

in EUR thousand

Notes

Dec 17

Dec 18

Liabilities and equity

 

 

 

Financial liabilities held for trading

17,41

3,422,793

2,508,250

Derivatives

17

2,933,667

2,000,173

Other financial liabilities held for trading

41

489,126

508,077

Financial liabilities at fair value through profit or loss

42

1,801,245

14,121,895

Deposits from customers

42

48,559

211,810

Debt securities issued

42

1,752,686

13,445,678

Other financial liabilities

42

0

464,407

Financial liabilities at amortised cost

43

191,711,402

196,862,845

Deposits from banks

43

16,349,382

17,657,544

Deposits from customers

43

150,920,715

162,426,423

Debt securities issued

43

23,342,123

16,292,610

Other financial liabilities

 

1,099,182

486,268

Finance lease liabilities

 

x

6

Hedge accounting derivatives

29

360,379

276,968

Fair value changes of hedged items in portfolio hedge of interest rate risk

 

666,117

48

Provisions

44

1,647,963

1,704,526

Current tax liabilities

38

101,079

99,234

Deferred tax liabilities

38

61,454

22,886

Liabilities associated with assets held for sale

39

2,752

3,310

Other liabilities

45

2,595,932

2,323,146

Total equity

46

18,288,316

18,868,719

Equity attributable to non-controlling interests

46

4,416,402

4,494,030

Additional equity instruments

46

993,275

993,242

Equity attributable to owners of the parent

46

12,878,639

13,381,447

Subscribed capital

46

859,600

859,600

Additional paid-in capital

46

1,476,689

1,476,689

Retained earnings and other reserves

46

10,542,350

11,045,159

Total liabilities and equity

 

220,659,433

236,791,833

Consolidated statement of changes in equity

Consolidated statement of cash flows

Notes to the group financial statements of Erste Group

General information
and significant accounting policies

Notes to the statement of comprehensive income and the balance sheet of Erste Group