Annual report 2019

Statement of comprehensive income

The comprehensive income of the Bank in 2019 amounted to PLN 612,797 thousand and was by PLN 248,836 thousand higher than in 2018.

The direct reason for the observed increase was the improvement of the net profit generated by 72.4% y/y, partially neutralized by the negative valuation of financial assets (negative impact on the total comprehensive income in 2019 in the amount of PLN 18,747 thousand, as compared to PLN 831 thousand of positive impact in 2018).

Statement of comprehensive income
change y/y
PLN’000 12 months ended
31.12.2019
12 months ended
31.12.2018
PLN’000 %
Net profit for the period 628,696 364,739 263,957 72.4%
Other comprehensive income
Items that will be reclassified subsequently to profit or loss upon fulfilment of certain conditions (15,183) 122 (15,305) x
Mark-to-market of assets measured at fair value through other comprehensive income (18,745) 831 (19,576) x
Deferred tax 3,562 (709) 4,271 x
Items that will not be reclassified subsequently to profit or loss (716) (900) 184 (20.4%)
Actuary valuation of employee benefits (882) (1,111) 229 (20.6%)
Deferred tax 166 211 (45) (21.3%)
Other comprehensive income (net of tax) (15,899) (778) (15,121) x
Total comprehensive income 612,797 363,961 248,836 68.4%

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