Group Consolidated Financial Statements 2017 (IFRS)
Consolidated statement of income
| in EUR thousand | Notes | 1-12 16 | 1-12 17 |
| Net interest income | 1 | 4,374,518 | 4,353,154 |
Interest income | 1 | 5,910,189 | 5,624,422 |
Interest expense | 1 | -1,535,671 | -1,271,268 |
| Net fee and commission income | 2 | 1,782,963 | 1,851,567 |
Fee and commission income | 2 | 2,225,598 | 2,329,384 |
Fee and commission expense | 2 | -442,635 | -477,816 |
| Dividend income | 3 | 45,181 | 43,726 |
| Net trading result | 4 | 283,802 | 222,802 |
| Result from financial assets and liabilities designated at fair value through profit or loss | 4 | -11,527 | -12,302 |
| Net result from equity method investments | 9,010 | 15,857 | |
| Rental income from investment properties & other operating leases | 5 | 207,234 | 194,235 |
| Personnel expenses | 6 | -2,339,292 | -2,388,581 |
| Other administrative expenses | 6 | -1,235,771 | -1,309,630 |
| Depreciation and amortisation | 6 | -453,110 | -460,022 |
| Gains/losses from financial assets and liabilities not measured at fair value through profit or loss, net | 7 | 148,001 | 156,431 |
| Net impairment loss on financial assets | 8 | -195,672 | -132,017 |
| Other operating result | 9 | -664,953 | -457,425 |
Levies on banking activities | 9 | -388,794 | -105,658 |
| Pre-tax result from continuing operations | 1,950,385 | 2,077,797 | |
| Taxes on income | 10 | -413,627 | -410,050 |
| Net result for the period | 1,536,757 | 1,667,747 | |
Net result attributable to non-controlling interests | 272,030 | 351,529 | |
| Net result attributable to owners of the parent | 1,264,728 | 1,316,218 |
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 36 Total equity). As in the previous year no subscription and conversion rights were outstanding during th financial year. Diluted earnings per share were identical to the undiluted.
| 1-12 16 | 1-12 17 | |||
| Net result attributable to owners of the parent | in EUR thousand | 1,264,728 | 1,316,218 | |
| Dividend on AT1 capital | in EUR thousand | -16,368 | -60,893 | |
| Net result for the period attributable to owners of the parent after deduction of AT1 capital dividend | in EUR thousand | 1,248,360 | 1,255,325 | |
| Weighted average number of outstanding shares | 426,668,132 | 426,679,572 | ||
| Earnings per share | in EUR | 2.93 | 2.94 | |
| Weighted average diluted number of outstanding shares | 426,668,132 | 426,679,572 | ||
| Diluted earnings per share | in EUR | 2.93 | 2.94 | |
Consolidated statement of comprehensive income
| in EUR thousand | 1-12 16 | 1-12 17 |
| Net result for the period | 1,536,757 | 1,667,747 |
| Other comprehensive income | ||
| Items that may not be reclassified to profit or loss | ||
Remeasurement of net liability of defined pension plans | -36,130 | -7,387 |
Deferred taxes relating to items that may not be reclassified | -9,098 | 6,747 |
| Total | -45,227 | -640 |
| Items that may be reclassified to profit or loss | ||
| Available for sale reserve | -4,603 | -184,575 |
Gain/loss during the period | 142,807 | -61,622 |
Reclassification adjustments | -147,411 | -122,953 |
| Cash flow hedge reserve | -13,341 | -105,288 |
Gain/loss during the period | 18,235 | -73,898 |
Reclassification adjustments | -31,576 | -31,390 |
| Currency translation | 28,848 | 237,620 |
Gain/loss during the period | 28,848 | 237,620 |
Reclassification adjustments | 0 | 0 |
| Deferred taxes relating to items that may be reclassified | 8,791 | 67,273 |
Gain/loss during the period | -33,446 | 23,264 |
Reclassification adjustments | 42,236 | 44,009 |
| Total | 19,694 | 15,030 |
| Total other comprehensive income | -25,533 | 14,391 |
| Total comprehensive income | 1,511,224 | 1,682,137 |
Total comprehensive income attributable to non-controlling interests | 307,847 | 277,144 |
Total comprehensive income attributable to owners of the parent | 1,203,377 | 1,404,994 |
The deferred taxes relating to items that may be reclassified amounted to EUR 62,273 thousand (2016: EUR 8.791 thousand), thereof EUR 45,188 thousand (2016: EUR 4.379 thousand) relate to the available for sale reserve and EUR 22,085 thousand (2016: EUR 4.412 thousand) relate to the cash flow hedge reserve.
Consolidated balance sheet
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