Page 69 - Annual Report 2010

67

Financial Statements

Statement of comprehensive income

The notes on pages 70 to 113 are an integral part of these financial statements.

for the year ended 31 December 2010

EUR Notes 31.12.2010 31.12.2009

Interest and similar income 7.1 31 483 224 28 617 478 Income from investments in shares and

other variable income securities 4.3 10 878 493 932 384 Net result from guarantee operations 7.2 (24 918 778) (20 341 639) Commission income 7.3 37 149 456 26 844 238 Net gain/(loss) on financial operations 7.4 2 180 690 (1 351 432) Other operating income 7.5 335 157 34 687 General administrative expenses 5.3, 7.6 Staff costs:

- wages and salaries (30 118 764) (25 636 186) - social security and contribution costs (4 990 135) (3 890 535)

(35 108 899) (29 526 721) Other administrative expenses (8 470 136) (6 832 821)

(43 579 035) (36 359 542) Depreciation and amortisation 4.5, 4.6 (1 763 626) ( 552 813) Impairment losses on available-for-sale investments 4.3 (4 533 526) (5 196 867)

Profit/(loss) for the financial year 7 232 055 (7 373 506)

EUR

Other comprehensive income

- Net change in fair value of available-for-sale financial assets (40 954 211) 11 299 835 - Net change in fair value of available-for-sale financial assets

transferred to profit/(loss) 479 739 (1 398 779)

(40 474 472) 9 901 056

Total comprehensive income for the financial year (33 242 417) 2 527 550