Page 106 - Economic report 2020

AGGREGATE - CONSOLIDATED PROFIT AND LOSS ACCOUNTS OF ANDORRAN BANKS
(thousands of euros) Table 12.7

% variation
2022 2021* 2022/2021
Interest income 195,528 145,400 34.48%
Interest expenses (49,721) (38,116) 30.45%
Dividend income 1,634 3,727 (56.16%)
INTEREST MARGIN 147,441 111,012 32.82%
Commissions earned 425,750 439,576 (3.15%)
Commissions paid (121,924) (125,935) (3.19%)
BASE MARGIN 451,267 424,652 6.27%
Gains or losses on derecognition of financial assets and liabilities 4,899 10,482 (53.26%)
not measured at fair value with changes in income (net)
Profit or loss from entities valued by the equity method 575 - -
Profit or loss from financial transactions 73,871 104,168 (29.08%)
Profit or loss on assets and liabilities covered under insurance - - -
and reinsurance contracts
Other operating income 29,105 29,378 (0.93%)
Other operating expenses (16,653) (15,997) 4.10%
Other income and expenses from assets and liabilities 35 982 (96.44%)
used for insurance or reinsurance contracts
OPERATING PROFIT OR LOSS (NET) 543,099 553,665 (1.91%)

Administrative expenses (392,702) (378,427) 3.77%
104 Staff costs (238,711) (233,507) 2.23%
Other general administrative expenses (153,991) (144,920) 6.26%
Amortisation (60,730) (65,686) (7.54%)
Provisions funded (net) (2,200) (24,729) (91.10%)
Net impairment of financial assets not recognised
at fair value with changes in profit and loss 12,696 11,438 11.00%
Net impairment of investments in joint ventures or associates (776) (47) N/A
Net impairment of non-financial assets (320) (9,551) (96.65%)
Negative goodwill recognised in profit or loss 7,501 11,794 (36.40%)
Share of the profit or loss of investments in subsidiaries, 10,572 4,743 N/A
joint ventures and associates
Profit or loss from non-current assets and disposal groups classified 1,037 788 31.53%
as held for sale not admissible as discontinued operations
Andorran economy: developments in the main sectors | XII. Services
PROFIT OR LOSS BEFORE TAX 118,177 103,989 13.64%
Corporate tax (5,034) (5,683) (11.42%)
PROFIT OR LOSS FOR THE YEAR 113,143 98,306 15.09%
FROM CONTINUING OPERATIONS

Profit or loss from discontinued operations (net) 212 143 48.25%
PROFIT/(LOSS) FOR THE YEAR 113,355 98,449 15.14%
Attributable to owners of the parent entity 113,277 97,419 16.28%
Attributable to minority interests 78 1,030 (92.43%)

* The figures for 2021 are given for comparative purposes only.

Source: Andorran Banking from the annual reports of banking institutions.