Annual Report 2013
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.
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 |
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 |
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 |
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 |
Annual Report 2013 - Bank Pocztowy
Corporate Governance
- Corporate governance: principles and scope of application
- Control system in the process of preparing financial statements
- Entity authorized to audit financial statements
- Shareholding structure and share capital
- Key information regarding Poczta Polska S.A.
- Cooperation with Poczta Polska S.A.
- Investor relations
- By-laws amending principles
- Activities of the corporate bodies of the Bank