Financial results in tables
The financial statements are presented in a manner consistent with the Bank's audited financial statements for the year ended 31 December 2012.
Only the year-end figures are audited. The interim figures are unaudited and to be read in conjunction with NIB's audited financial statements for 2012 and the notes thereto.
|
Statement of comprehensive income |
Statement of comprehensive income
| EUR 1,000 | Jan-Apr 2013 | Jan-Apr 2012 | Jan-Dec 2012 |
| Interest income | 137,491 | 173,678 | 494,064 |
| Interest expense | -55,464 | -95,159 | -242,370 |
| Net interest income | 82,027 | 78,518 | 251,693 |
| Commission income and fees received | 3,825 | 2,592 | 10,620 |
| Commission expense and fees paid | -801 | -1,100 | -2,223 |
| Net profit/loss on financial operations | 10,081 | 30,795 | 43,288 |
| Foreign exchange gains and losses | -117 | -783 | -221 |
| Operating income | 95,014 | 110,021 | 303,157 |
| Expenses | |||
| General administrative expenses | 13,337 | 12,761 | 34,291 |
| Depreciation | 1,179 | 1,170 | 3,611 |
| Impairment of loans | 10,199 | 1,703 | 56,050 |
| Total expenses | 24,715 | 15,634 | 93,951 |
| PROFIT/LOSS FOR THE PERIOD | 70,300 | 94,387 | 209,205 |
| Total comprehensive income | 70,300 | 94,387 | 209,205 |
Statement of financial position
| EUR 1,000 | 30 Apr 2013 | 30 Apr 2012 | 31 Dec 2012 | |
| ASSETS | ||||
| Cash and cash equivalents | 3,798,306 | 3,235,577 | 2,817,189 | |
| Financial placements | ||||
| Placements with credit institutions | 4,541 | 3,525 | 4,191 | |
| Debt securities | 5,126,202 | 4,982,694 | 5,248,858 | |
| Other | 19,867 | 27,862 | 22,059 | |
| 5,150,610 | 5,014,081 | 5,275,108 | ||
| Loans outstanding | 15,299,871 | 14,103,967 | 15,130,669 | |
| Intangible assets | 4,342 | 4,564 | 4,446 | |
| Tangible assets, property and equipment | 29,362 | 30,697 | 29,856 | |
| Other assets | ||||
| Derivatives | 2,246,733 | 2,304,625 | 2,347,873 | |
| Other assets | 26,985 | 34,441 | 25,895 | |
| 2,273,718 | 2,339,066 | 2,373,768 | ||
| Payments to the Bank's reserves, receivable |
- | 1,320 | - | |
| Accrued interest and fees receivable | 280,526 | 316,422 | 351,875 | |
| TOTAL ASSETS | 26,836,735 | 25,045,694 | 25,982,911 | |
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Amounts owed to credit institutions | ||||
| Short-term amounts owed to credit institutions | 1,434,972 | 1,488,885 | 1,593,338 | |
| Long-term amounts owed to credit institutions | 5,500 | 95,941 | 15,222 | |
| 1,440,472 | 1,584,827 | 1,608,560 | ||
| Debts evidenced by certificates | ||||
| Debt securities issued | 21,337,191 | 19,546,368 | 20,254,987 | |
| Other debt | 79,185 | 74,824 | 77,144 | |
| 21,416,376 | 19,621,192 | 20,332,131 | ||
| Other liabilities | ||||
| Derivatives | 1,029,952 | 1,042,923 | 1,102,707 | |
| Other liabilities | 13,835 | 11,227 | 9,397 | |
| 1,043,787 | 1,054,149 | 1,112,104 | ||
| Accrued interest and fees payable | 200,123 | 234,667 | 264,439 | |
| Total liabilities | 24,100,758 | 22,494,835 | 23,317,234 | |
| Equity | ||||
| Authorised and subscribed capital | 6,141,903 | |||
| of which callable capital | -5,723,302 | |||
| Paid-in capital | 418,602 | 418,602 | 418,602 | 418,602 |
| Reserve funds | ||||
| Statutory Reserve | 686,325 | 685,005 | 686,325 | |
| General Credit Risk Fund | 1,112,831 | 955,626 | 955,626 | |
| Special Credit Risk Fund PIL | 395,919 | 395,919 | 395,919 | |
| Payments to the Bank's reserves, receivable | - | 1,320 | - | |
| Appropriation to dividend payment | 52,000 | - | - | |
| Profit/loss for the period | 70,300 | 94,387 | 209,205 | |
| Total equity | 2,735,977 | 2,550,859 | 2,665,677 | |
| TOTAL LIABILITIES AND EQUITY | 26,836,735 | 25,045,964 | 25,982,911 | |
Changes in equity
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Cash flow statement
| EUR 1,000 | Jan-Apr 2013 | Jan-Apr 2012 | Jan-Dec 2012 |
| Cash flows from operating activities | |||
| Profit/loss from operating activities | 70,300 | 94,387 | 209,205 |
| Adjustments: | |||
| Unrealised gains/losses of financial assets held at fair value | -10,825 | -34,988 | -44,717 |
| Impairment of bonds held at amortised cost | 3,733 | ||
| Depreciation and write-down in value of tangible and intangible assets |
1,179 | 1,170 | 3,611 |
| Change in accrued interest and fees (assets) | 71,350 | 47,265 | 11,812 |
| Change in accrued interest and fees (liabilities) | -64,316 | -44,711 | -14,939 |
| Impairment of loans | 10,199 | 1,703 | 56,050 |
| Adjustment to hedge accounting | -405 | 3,346 | 1,381 |
| Other adjustments to the period's profit | 1,135 | -13 | -2,523 |
| Adjustments, total | 8,316 | -22,495 | 10,675 |
| Lending | |||
| Disbursements of loans | -614,843 | -406,002 | -2,354,787 |
| Repayments of loans | 416,867 | 439,955 | 1,502,789 |
| Capitalisations, redenominations, index adjustments, etc. | -111 | 215 | 245 |
| Transfer of loans to claims in other assets | 0 | 2,854 | 2,854 |
| Exchange rate adjustments | 18,779 | 25,337 | -85,199 |
| Lending, total | -179,307 | 62,360 | -934,098 |
| Cash flows from operating activities, total | -100,692 | 134,252 | -714,218 |
| Cash flows from investing activities | |||
| Placements and debt securities | |||
| Purchase of debt securities | -752,172 | -1,611,995 | -2,893,778 |
| Sold and matured debt securities | 885,428 | 995,017 | 2,046,894 |
| Placements with credit institutions | -350 | -8 | -674 |
| Other financial placements | 1,662 | -3,054 | -3,463 |
| Exchange rate adjustments, etc. | -4,229 | 11,693 | 4,074 |
| Placements and debt securities, total | 130,340 | -608,346 | -846,947 |
| Other items | |||
| Acquisition of intangible assets | -492 | -596 | -1,727 |
| Acquisition of tangible assets | -89 | -469 | -820 |
| Change in other assets | 1,157 | 4,956 | 13,587 |
| Other items, total | 576 | 3,891 | 11,040 |
| Cash flows from investing activities, total | 130,916 | -604,455 | -835,907 |
| Cash flows from financing activities | |||
| Debts evidenced by certificates | |||
| Issues of new debt | 2,707,132 | 1,943,697 | 4,355,019 |
| Redemptions | -1,492,866 | -650,552 | -2,435,918 |
| Exchange rate adjustments | -154,208 | -143,819 | -312,663 |
| Debts evidenced by certificates, total | 1,060,059 | 1,149,326 | 1,606,438 |
| Other items | |||
| Long-term placements from credit institutions | -9,722 | -5,725 | -86,444 |
| Change in swap receivables | 94,813 | 153,789 | 262,337 |
| Change in swap payables | -40,327 | -2,537 | 70,114 |
| Change in other liabilities | 4,437 | 1,284 | -545 |
| Paid-in capital and reserves | 0 | 1,320 | 2,640 |
| Other items, total | 49,201 | 148,133 | 248,102 |
| Cash flows from financing activities, total | 1,109,259 | 1,297,459 | 1,854,540 |
| CHANGE IN CASH AND CASH EQUIVALENTS, NET | 1,139,483 | 827,255 | 304,414 |
| Opening balance for cash and cash equivalents, net | 1,223,851 | 919,437 | 919,437 |
| Closing balance for cash and cash equivalents, net | 2,363,334 | 1,746,692 | 1,223,851 |
| Additional information to the statement of cash flows | |||
| Interest income received | 208,840 | 220,943 | 505,876 |
| Interest expense paid | -119,779 | -139,870 | -257,309 |
The cash flow statement has been prepared using the indirect method, and the cash flow items cannot be directly concluded from the statements of financial positions.
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