The Bank's total income in 2020 amounted to PLN 861,707 thousand and was higher than in 2019 by PLN 248,910 thousand (i.e. by 40.6%)
The recorded increase was mainly due to an improvement of PLN 182,153 thousand in the valuation of financial assets (positive impact on 2020 total income of PLN 163,408 thousand, compared to a negative impact of PLN 18,745 thousand in 2019). The positive impact was also due to the increase in net profit y/y by PLN 102,364 thousand (i.e. by 16.3%).
in PLN ‘000 | 12 months ended 31.12.2020 |
12 months ended 31.12.2019 |
change y/y | |
---|---|---|---|---|
PLN’000 | % | |||
Net profit for the period | 731,060 | 628,696 | 102,364 | 16.3% |
Other comprehensive income | ||||
Items that will be reclassified subsequently to profit or loss upon fulfilment of certain conditions | 132,361 | (15,183) | 147,544 | (971.8%) |
Mark-to-market of assets measured at fair value through other comprehensive income | 163,408 | (18,745) | 182,153 | (971.7%) |
Deferred tax | (31,047) | 3,562 | (34,609) | (971.6%) |
Items that will not be reclassified subsequently to profit or loss | (1,714) | (716) | (998) | 139.4% |
Actuary valuation of employee benefits | (2,116) | (882) | (1,234) | 139.9% |
Deferred tax | 402 | 166 | 236 | 141.9% |
Other comprehensive income (net of tax) | 130,647 | (15,899) | 146,546 | (921.7%) |
Total comprehensive income | 861,707 | 612,797 | 248,910 | 40.6% |