Poll

Consolidated financial statements

Consolidated income statement for the year ended 31 December 2013

  Note period
from 1 January 2013
to 31 December 2013
period
from 1 January 2012
to 31 December 2012
(restated)
Continuing operations*)   PLN ‘000 PLN ‘000
Interest income 7 423,400 450,790
Interest expenses 7 (179,593) (223,508)
Net interest income   243,807 227,282
Fee and commission income 8 73,006 68,041
Fee and commission expense 8 (31,378) (24,977)
Net fee and commission income   41,628 43,064
Gain/loss on financial instruments measured at fair value through profit or loss and gain/loss on foreign exchange transactions 9 2,905 6,678
Gain/loss on available-for-sale securities 10 5,980 13,231
General and administrative expenses 11, 12 (212,738) (218,356)
Net impairment losses 13 (42,398) (25,099)
Other operating revenue 14 8,739 7,601
Other operating expenses 15 (4,663) (5,736)
Operating profit/loss   43,260 48,665
Gross profit   43,260 48,665
Income tax 16 (7,233) (9,716)
Net profit   36,027 38,949

 

*) In the year ended 31 December 2013 and in the comparable period no operations were discontinued in the Capital Group.
The Capital Group does not calculate diluted earnings per share, because in the current period and in the preceding years there have been no capital categories resulting in share dilution.

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Consolidated statement of other comprehensive income for the year ended 31 December 2013

  Note period
from 1 January 2013
to 31 December 2013
period
from 1 January 2012
to 31 December 2012
(restated)
    PLN ‘000 PLN ‘000
Net profit   36,027 38,949
Items which may be reclassified to the consolidated income statement in future      
Gain/loss from measurement of financial assets available for sale, including: 25, 36c (5,759) 6,343
- deferred tax 16 1,351 (1,488)
Items which will not be reclassified to the consolidated income statement in future      
Actuarial gains and losses on measurement of defined benefit plans, including:   27 59
- deferred tax 16 (7) (14)
Total other comprehensive income   (5,732) 6,402
Total income   30,295 45,351

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Consolidated statement of financial position as at 31 December 2013

  Note Balance as at
31 December 2013
Balance as at
31 December 2012
(restated)
Balance as at
1 January 2012
(restated)
    PLN ‘000 PLN ‘000 PLN ‘000
Assets        
Cash and balances in the Central Bank 20 327,242 934,743 74,043
Receivables from other banks  21 36,329 29,849 29,161
Financial assets held for trading 23 1,369 766 10,014
Loans and advances to customers 24 5,055,712 4,599,545 3,672,869
Investments in financial assets 25 1,842,036 1,453,987 1,324,712
- available for sale 25 1,455,018 1,061,225 921,192
- held to maturity 25 387,018 392,762 403,520
Property, plant and equipment 26 44,666 44,213 47,703
Intangible assets 27 30,215 27,339 24,801
Current income tax receivables 16 98 61 2,937
Net deferred tax assets 16 18,004 14,871 12,640
Other assets 28 27,074 15,279 11,645
Total assets   7,382,745 7,120,653 5,210,525
 
Liabilities and equity        
Liabilities to the Central Bank 29 11 6 10
Liabilities to other banks 30 41,762 2,824 1,859
Liabilities arising from sold securities with a repurchase arrangement 22 49 610 0 0
Financial liabilities held for trading 23 17 17 307
Liabilities to customers 31 6,230,578 6,317,949 4,685,735
Provisions 32 3,419 3,995 4,827
Current income tax liabilities 16 3,138 7,826 0
Other liabilities 33 88,821 77,393 109,471
Liabilities arising from issue of debt securities 34 431,597 206,282 0
Subordinated liabilities 35 142,027 142,891 92,197
Total liabilities   6,990,980 6,759,183 4,894,406
 
Equity        
Share capital   97,290 97,290 97,290
Supplementary capital   34,068 33,761 33,301
Revaluation reserve   (1,351) 4,381 (2,021)
Other reserve capitals   242,207 195,070 163,944
Retained earnings   19,551 30,968 23,605
Total equity 36 391,765 361,470 316,119
Total liabilities and equity   7,382,745 7,120,653 5,210,525

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Consolidated statement of cash flows for the year ended 31 December 2013

  Note period
from 1 January 2013
to 31 December 2013
period
from 1 January 2012
to 31 December 2012
(restated)
Cash flows from operating activities   PLN ‘000 PLN ‘000
Net profit   36,027 38,949
Total adjustments:   (824,396) 600,913
Amortization/depreciation   21,939 20,957
Accrued interest   (3,360) 7,053
Interest paid 8 23,034 7,562
Foreign exchange gain/(loss)   0 1
Gain/loss on investing activities   (13) (83)
Change in the balance of receivables from other banks 40 (8,623) 109
Change in financial assets held for trading   (603) 9,248
Change in term loans   (456,167) (926,677)
Change in measurement of financial derivatives   0 0
Change in investment securities available for sale 40 (400,903) (132,201)
Change in investment securities held to maturity   5,744 10,758
Change in the balance of other assets 40 (11,577) (3,378)
Change in liabilities to the Central Bank   5 (4)
Change in liabilities to other banks   38,938 965
Change in the balance of liabilities due to securities with repurchase agreement   49,610 0
Change in financial liabilities held for trading   0 (290)
Change in liabilities to customers   (87,371) 1,632,215
Change in provisions   (576) (832)
Change in other liabilities 40 12,011 (31,531)
Income tax paid   (13,746) (2,747)
Tax expense recognized through profit or loss   7,233 9,716
Other items   29 72
Net cash from operating activities   (788,369) 639,862
 
Cash flows from investing activities   PLN '000 PLN '000
Receipts from investing activities   58 149
Sale of property, plant and equipment   58 149
Payments to investing activities   25,527 20,330
Acquisition of intangible assets   12,828 10,961
Acquisition of property, plant and equipment   12,699 9,369
Net cash from investing activities   (25,469) (20,181)
 
Cash flows from financing activities   PLN '000 PLN '000
Proceeds from financing activities   227,850 250,000
Proceeds from issue of subordinated bonds   0 50,000
Issue of debt securities   227,850 200,000
Payments to financing activities   23,657 8,185
Payment of lease liabilities   623 623
Repayment of interest on financial instruments issued and subordinated liabilities contracted   23,034 7,562
Net cash from financing activities   204,193 241,815
 
Net increase/(decrease) in cash and cash equivalents   (609,645) 861,496
including net exchange differences   (127) 260
Cash and cash equivalents at the beginning of the period   941,345 79,849
Cash and cash equivalents at the end of the period 40 331,700 941,345

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Consolidated statement of changes in equity for the year ended 31 December 2013

  Note Share capital Supplementary capital Revaluation
reserve
Other
reserve
capitals
Retained earnings Total equity
      Statutory supplementary
capital
Share premium     Undistributed
profit/loss
Profit/loss for
the period
 
    PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000
As at 1 January 2013   97,290 25,161 8,600 4,185 195,070 (2,568) 45,386 373,124
Adjustments related to changes in
accounting principles
  0 0 0 196 0 (5,413) (6,437) (11,654)
As at 1 January 2013 (restated)   97,290 25,161 8,600 4,381 195,070 (7,981) 38,949 361,470
Profit for the period   0 0 0 0 0 0 36,027 36,027
Other comprehensive income   0 0 0 (5,732) 0 0 0 (5,732)
Comprehensive income   0 0 0 (5,732) 0 0 36,027 30,295
Profit distribution allocated to other capitals   0 307 0 0 47,137 (8,495) (38,949) 0
As at 31 December 2013 36 97,290 25,468 8,600 (1,351) 242,207 (16,476) 36,027 391,765

Consolidated statement of changes in equity for the year ended 31 December 2012

  Note Share capital Supplementary capital Revaluation
reserve
Other
reserve
capitals
Retained earnings Total equity
      Statutory supplementary
capital
Share premium     Undistributed
profit/loss
Profit/loss for
the period
 
    PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000 PLN ‘000
As at 1 January 2012   97,290 24,701 8,600 (2,158) 163,944 (537) 29,555 321,395
Adjustments related to changes in accounting principles   0 0 0 137 0 (1,242) (4,171) (5,276)
As at 1 January 2012 (restated)   97,290 24,701 8,600 (2,021) 163,944 (1,779) 25,384 316,119
Profit for the period   0 0 0 0 0 0 38,949 38,949
Other comprehensive income   0 0 0 6,402 0 0 0 6,402
Comprehensive income   0 0 0 6,402 0 0 38,949 45,351
Profit distribution allocated to other capitals   0 460 0 0 31,126 (6,202) (25,384) 0
As at 31 December 2012 (restated) 36 97,290 25,161 8,600 4,381 195,070 (7,981) 38,949 361,470

 

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Annual Report 2013 - Bank Pocztowy