Annual report 2016

8. Financial income and expenses


Financial income

2016

2015

Dividend income

192,416.00

25,788,047.50

Interest income

  
 

Financial assets at fair value through profit or loss

4,845,837.34

5,769,795.22

 

Loans and receivables

5,762,352.44

3,359,271.68

 

Assets held to maturity

735,916.86

628,205.26

 

Financial assets available-for-sale

-

7,033.00

Other financial income from Group companies

1,286,775.83

590,331.88

Gains on disposal of financial assets at fair value through profit or loss

33,285.84

23,078.42

Changes in fair value of financial assets at fair value through profit or loss

  
 

Investments

-

3,104.78

Exchange rate gains

  
 

Interest-bearing receivables and liabilities

7,343,792.52

534,580.94

 

Currency derivatives, non-hedge accounting

292,102.90

3,583,620.42

Change in fair value of loans

539,259.54

1,275,505.98

Total

 

21,031,739.27

25,788,047.50

    

Financial expense

  

Interest expense

  
 

Financial liabilities at amortized cost

10,547,512.47

11,770,492.19

 

Financial liabilities at fair value through profit or loss

740,366.27

1,304,842.82

Other financial expenses on financial liabilities at amortized cost

687,239.86

674,487.41

Losses on disposal of financial assets at fair value through profit or loss

333,720.00

-

Changes in fair value of financial assets at fair value through profit or loss

  
 

Investments

515,136.36

855,054.61

 

Interest rate derivatives, non-hedge accounting

1,897,236.73

1,018,607.36

 

Interest rate derivatives, hedge accounting

-

945,611.93

Exchange rate losses

  
 

Interest-bearing receivables and liabilities

407,210.37

3,475,641.50

 

Currency derivatives, non-hedge accounting

283,320.66

2,834,289.51

Impairment on loans and receivables

155,134,685.33

86,685,490.85

Total

 

170,546,428.05

109,564,518.18

    
  

2016

2015

Change in fair value recognized in the fair value reserve

25,454.00

-122,678.58

 

of which deferred tax

-5,090.80

24,535.72

    

9. Group contributions


 

2016

2015

Group contributions received

28,500,000.00

111,700,000.00

Group contributions distributed

0.00

0.00

Total

28,500,000.00

111,700,000.00

   

10. Income tax


 

2016

2015

Income tax on group contributions

5,700,000.00

22,340,000.00

Income tax on business activities

-1,858,840.27

-8,284,600.39

Income tax from previous years

-3,821,614.59

-15,602.83

Change in deferred tax assets

7,250,303.81

-7,425,858.99

Total

7,269,848.95

6,613,937.79