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38
Annual financial statements
2012
2011
Euros
Euros
Thousands of
euros
Thousands of
euros
IV.
OPERATING PROFIT – amount carried
forward
43,081,347.26
44,411
11./12. Net expense for impairment losses on
accounts receivable and allocations to
provisions for contingent liabilities, on the
one hand, and income from the reversal of
impairment losses on receivables and from
provisions for contingent liabilities on the
other.
–12,760,903.80
–21,023
13./14. Net profit from impairment losses on
securities valued as financial assets and
impairment losses on participating interests
and holdings in affiliated companies plus
income from the reversal of impairment
losses on securities valued as financial
assets – and impairment losses on partici-
pating interests.
–5,526,204.68
821
V.
RESULT FROM ORDINARY ACTIVITIES
24,794,238.78
24,209
15.
Extraordinary income
0
0
of which:
Withdrawals from the fund for general
banking risks
0
0
16.
Extraordinary costs
0
0
of which:
Allocations to the fund for general banking
risks
0
0
17.
Extraordinary result
(Subtotal from items 15 and 16)
0
0
18.
Taxes on income
–9,998,203.70
–3,448
19.
Other taxes not posted under item 18
–3,588,087.96
–2,993
VI.
NET PROFIT
11,207,947.12
17,768
20.
Movements in reserves
–2,713,678.48
–9,271
of which:
Allocation to liability reserve
0
0
Reversal of liability reserve
0
0
VII.
ANNUAL PROFIT
8,494,268.64
8,497
21.
Profit carried forward
5,795.67
4
VIII.
NET INCOME
8,500,064.31
8,501