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Notes to the consolidated financial statements

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5.2 Comparability of financial information

The Group has introduced changes in the method of presenting certain items in consolidated income statement in these consolidated financial statements as compared to the approved consolidated financial statements prepared for the year ended 31 December 2015. The introduced presentation changes have necessitated restatement of comparative data in consolidated income statement.

Changes in consolidated income statement:

The Group has changed the presentation of gain/loss on sales of balance sheet receivables recognized under “Other operating income” in the consolidated financial statements for the year ended 31 December 2015.  In these consolidated financial statements, gain/loss on sales of balance sheet receivables has been presented under “Net impairment losses”. 

Further, the Group has reclassified items adjusting settled commissions that constitute an integral part of interest rate on credit facilities and loans from “Fee and commission income” to “Interest income”. 

The above changes and their effects on each item of the comparative data in consolidated income statement are presented in the following table. 

 

According to the Group, the above presentation changes better reflect the economic nature of the reclassified items, thus improving transparency of the consolidated financial statements for their users. 

The described changes have not affected the Group’s profit/loss and comprehensive income.