Audited Financial Reporting

Consolidated statement of income

in EUR thousand

Notes

1-12 18

1-12 19

Net interest income

1

4,581,977

4,746,850

Interest income

1

5,174,274

5,543,983

Other similar income

1

1,772,606

1,655,214

Interest expenses

1

-1,003,447

-1,054,859

Other similar expenses

1

-1,361,456

-1,397,488

Net fee and commission income

2

1,908,449

2,000,131

Fee and commission income

2

2,377,020

2,373,502

Fee and commission expenses

2

-468,571

-373,370

Dividend income

3

29,043

27,881

Net trading result

4

-1,697

318,342

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

5

195,406

-24,508

Net result from equity method investments

 

13,102

17,093

Rental income from investment properties & other operating leases

6

189,368

170,143

Personnel expenses

7

-2,474,238

-2,537,127

Other administrative expenses

7

-1,234,893

-1,205,146

Depreciation and amortisation

7

-471,966

-540,979

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

8

58

921

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

9

5,658

23,475

Impairment result from financial instruments

10

59,253

-39,193

Other operating result

11

-304,549

-628,152

Levies on banking activities

11

-112,221

-127,990

Pre-tax result from continuing operations

 

2,494,972

2,329,731

Taxes on income

12

-332,439

-418,674

Net result for the period

 

2,162,533

1,911,057

Net result attributable to non-controlling interests

 

369,087

440,924

Net result attributable to owners of the parent

 

1,793,446

1,470,133

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 38 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 18

1-12 19

Net result attributable to owners of the parent

in EUR thousand

1,793,446

1,470,133

Dividend on AT1 capital

in EUR thousand

-76,856

-92,081

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

in EUR thousand

1,716,590

1,378,052

Weighted average number of outstanding shares

 

426,696,221

426,565,097

Earnings per share

in EUR

4.02

3.23

Weighted average diluted number of outstanding shares

 

426,696,221

426,565,097

Diluted earnings per share

in EUR

4.02

3.23

Consolidated statement of comprehensive income

in EUR thousand

1-12 18

1-12 19

Net result for the period

2,162,533

1,911,057

 

 

 

Other comprehensive income

 

 

Items that may not be reclassified to profit or loss

122,218

-70,143

Remeasurement of defined benefit plans

-127,413

-139,949

Fair value reserve of equity instruments

36,740

54,148

Own credit risk reserve

226,932

-17,506

Deferred taxes relating to items that may not be reclassified

-14,041

33,165

 

 

 

Items that may be reclassified to profit or loss

-191,755

-22,825

Fair value reserve of debt instruments

-152,264

44,609

Gains/losses during the period

-152,484

46,341

Reclassification adjustments

3,508

-6,075

Credit loss allowances 

-3,288

4,343

Cash flow hedge reserve

-2,890

-54,421

Gains/losses during the period

28,025

-29,415

Reclassification adjustments

-30,915

-25,006

Currency reserve

-72,079

-13,519

Gains/losses during the period

-72,079

-13,519

Income tax relating to items that may be reclassified

35,479

370

Gains/losses during the period

30,321

-6,211

Reclassification adjustments

5,158

6,581

Share of other comprehensive income of associates and joint ventures accounted for by the equity method

0

136

Total other comprehensive income

-69,537

-92,968

 

 

 

Total comprehensive income

2,092,996

1,818,089

Total comprehensive income attributable to non-controlling interests

322,652

394,459

Total comprehensive income attributable to owners of the parent

1,770,344

1,423,630

For a detailed split of income tax items within other comprehensive income please refer to Note 12 Taxes on income.

Consolidated balance sheet

in EUR thousand

Notes

Dec 18

Dec 19

Assets

 

 

 

Cash and cash balances

14

17,549,181

10,693,301

Financial assets held for trading

15, 16

5,584,460

5,759,602

Derivatives

15

3,037,413

2,805,447

Other financial assets held for trading

16

2,547,047

2,954,155

Pledged as collateral

44

162,856

429,799

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

17

3,310,046

3,208,269

Pledged as collateral

44

37,237

38,639

Equity instruments

17

372,297

390,080

Debt securities

17

2,651,166

2,334,757

Loans and advances to customers

17

286,583

483,432

Financial assets at fair value through other comprehensive income

18

9,271,881

9,046,504

Pledged as collateral

44

212,439

603,241

Equity instruments

18

238,876

210,117

Debt securities

18

9,033,005

8,836,388

Financial assets at amortised cost

20

189,106,358

204,162,083

Pledged as collateral

44

959,617

2,141,960

Debt securities

20

26,050,153

26,763,789

Loans and advances to banks

20

19,102,754

23,054,595

Loans and advances to customers

20

143,953,451

154,343,699

Finance lease receivables

21

3,762,767

4,034,425

Hedge accounting derivatives

22

132,411

130,118

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

47

0

-3,766

Property and equipment

28

2,292,792

2,629,247

Investment properties

28

1,159,330

1,265,916

Intangible assets

29

1,507,082

1,368,320

Investments in associates and joint ventures

25

198,093

162,984

Current tax assets

30

101,315

80,715

Deferred tax assets

30

402,190

477,063

Assets held for sale

31

213,127

268,860

Trade and other receivables

23

1,318,411

1,408,069

Other assets

32

882,387

1,001,137

Total assets

 

236,791,833

245,692,847

in EUR thousand

Notes

Dec 18

Dec 19

Liabilities and equity

 

 

 

Financial liabilities held for trading

15, 33

2,508,250

2,421,082

Derivatives

15

2,000,173

2,005,403

Other financial liabilities held for trading

33

508,077

415,679

Financial liabilities at fair value through profit or loss

34

14,121,895

13,494,319

Deposits from customers

34

211,810

264,837

Debt securities issued

34

13,445,678

13,010,530

Other financial liabilities

34

464,407

218,953

Financial liabilities at amortised cost

35

196,862,845

204,143,420

Deposits from banks

35

17,657,544

13,140,590

Deposits from customers

35

162,426,423

173,066,149

Debt securities issued

35

16,292,610

17,360,340

Other financial liabilities

 

486,268

576,341

Lease liabilities

 

6

515,068

Hedge accounting derivatives

22

276,968

269,189

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

47

48

11

Provisions

36

1,704,526

1,918,740

Current tax liabilities

30

99,234

60,586

Deferred tax liabilities

30

22,886

17,905

Liabilities associated with assets held for sale

31

3,310

6,169

Other liabilities

37

2,323,146

2,369,033

Total equity

38

18,868,719

20,477,324

Equity attributable to non-controlling interests

38

4,494,030

4,857,496

Additional equity instruments

38

993,242

1,490,367

Equity attributable to owners of the parent

38

13,381,447

14,129,461

Subscribed capital

38

859,600

859,600

Additional paid-in capital

38

1,476,689

1,477,719

Retained earnings and other reserves

38

11,045,159

11,792,141

Total liabilities and equity

 

236,791,833

245,692,847

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