36
Annual financial statements
2014
2013
euros
euros
Thousands of
euros
Thousands of
euros
IV.
OPERATING PROFIT – amount carried
forward
42,321,688.30
40,840
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
–19,012,618.73
–15,981
13./14. Balance from valuation allowances on
securities evaluated in the same way as
financial investments and income from
the reversal of valuation allowances on
securities evaluated in the same way as
financial investments, and on participating
interests and shares in affiliated companies
3,169,207.06
756
V.
PROFIT FROM ORDINARY ACTIVITIES
26,478,276.63
25,615
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
337,551.17
–4,097
19.
Other taxes not posted under item 18
–5,800,474.74
–3,610
VI.
NET PROFIT FOR THE YEAR
21,015,353.06
17,908
20.
Movements in reserves
–12,524,724.04
–9,409
Of which:
Allocation to liability reserve
0
0
Reversal of liability reserve
0
0
VII.
PROFIT FOR THE YEAR
8,490,629.02
8,499
21.
Profit carried forward
8,892.66
5
VIII.
NET PROFIT
8,499,521.68
8,504
