Impact of the change in the measurement criterion for real estate properties on the reclassified quarterly income statements | |||||
These consolidated financial statements incorporate the restatements of previous periods following the retroactive application of the measurement of real estate assets at fair value under IAS 40. The restatement of items in the income statement are reported below. | |||||
2019 | |||||
4th Quarter restatement impacts | 3rd Quarter restatement impacts | 2nd Quarter restatement impacts | 1st Quarter restatement impacts | ||
Figures in thousands of euro | |||||
10.-20.-140. | Net interest income | ||||
of which: TLTRO II | |||||
of which: IFRS 9 credit components | |||||
of which: IFRS 9 contractual modifications without derecognition components | |||||
70. | Dividends and similar income | ||||
Profits (losses) of equity-accounted investees | |||||
40.-50. | Net fee and commission income | ||||
of which: performance fees | |||||
80.+90. +100.+110. | Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss | ||||
160.+170. | Net income from insurance operations | ||||
230. | Other net operating income/expense | ||||
Operating income | - 0 | - 0 | - 0 | - 0 | |
190. a) | Staff costs | ||||
190. b) | Other administrative expenses | ||||
of which: SRF and DGS contributions | |||||
210.+220. | Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets | 2,590 | 2,212 | 1,851 | 1,809 |
Operating expenses | 2,590 | 2,212 | 1,851 | 1,809 | |
Net operating income | 2,590 | 2,212 | 1,851 | 1,809 | |
130. | Net impairment losses for credit risk relating to: | ||||
130. a) | - financial assets measured at amortised cost: loans and advances to banks | ||||
130. a) | - financial assets measured at amortised cost: loans and advances to customers | ||||
130. a) | - financial assets measured at amortised cost: securities | ||||
130. b) | - financial assets measured at fair value through other comprehensive income | ||||
200. a) | Net provisions for risks and charges - commitments and guarantees granted | ||||
200. b) | Net provisions for risks and charges - other net provisions | ||||
260. | Net income (loss) from fair value change in property, plant and equipment and intangible assets | (39,386) | - 0 | - 0 | - 0 |
250.+280. | Profits (losses) from the disposal of equity investments | ||||
290. | Profit (loss) before tax from continuing operations | (36,796) | 2,212 | 1,851 | 1,809 |
300. | Taxes on income for the period from continuing operations | 11,289 | (715) | (595) | (582) |
340. | (Profit) loss for the period attributable to minority interests | ||||
Profit for the period attributable to the shareholders of the Parent before the Business Plan and other impacts | (25,507) | 1,497 | 1,256 | 1,227 | |
190. a) | Redundancy expenses net of taxes and minority interests | ||||
190. b) | Business Plan project expenses net of taxes and minority interests | ||||
210. | Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests | 3,432 | |||
350. | Profit (loss) for the period attributable to the shareholders of the Parent | (22,075) | 1,497 | 1,256 | 1,227 |
UBI Banca Group: Reclassified consolidated balance sheet | ||||||||
30.06.2020 A | 31.12.2019 restated B | Changes A-B | % changes A/B | 30.06.2019 restated C | Changes A-C | % changes A/C | ||
Figures in thousands of euro | ||||||||
ASSETS | ||||||||
10. | Cash and cash equivalents | 595,996 | 694,750 | (98,754) | -14.2% | 616,670 | (20,674) | -3.4% |
20. | Financial assets measured at fair value through profit or loss | 2,918,145 | 1,758,730 | 1,159,415 | 65.9% | 1,660,974 | 1,257,171 | 75.7% |
1) Loans and advances to banks | 17,320 | 16,213 | 1,107 | 6.8% | 15,365 | 1,955 | 12.7% | |
2) Loans and advances to customers | 258,194 | 260,667 | (2,473) | -0.9% | 268,043 | (9,849) | -3.7% | |
3) Securities and derivatives | 2,642,631 | 1,481,850 | 1,160,781 | 78.3% | 1,377,566 | 1,265,065 | 91.8% | |
30. | Financial assets measured at fair value through other comprehensive income | 12,343,270 | 12,221,616 | 121,654 | 1.0% | 11,618,770 | 724,500 | 6.2% |
1) Loans and advances to banks | - | - 0 | - | - | - | - | - | |
2) Loans and advances to customers | - | - 0 | - | - | - | - | - | |
3) Securities | 12,343,270 | 12,221,616 | 121,654 | 1.0% | 11,618,770 | 724,500 | 6.2% | |
40. | Financial assets measured at amortised cost | 107,308,571 | 101,736,289 | 5,572,282 | 5.5% | 103,356,416 | 3,952,155 | 3.8% |
1) Loans and advances to banks | 14,527,728 | 11,723,923 | 2,803,805 | 23.9% | 12,393,150 | 2,134,578 | 17.2% | |
2) Loans and advances to customers | 84,739,135 | 84,564,033 | 175,102 | 0.2% | 86,074,151 | (1,335,016) | -1.6% | |
3) Securities | 8,041,708 | 5,448,333 | 2,593,375 | 47.6% | 4,889,115 | 3,152,593 | 64.5% | |
50. | Hedging derivatives | 21,869 | 35,117 | (13,248) | -37.7% | 22,452 | (583) | -2.6% |
60. | Fair value change in hedged financial assets (+/-) | 913,730 | 547,019 | 366,711 | 67.0% | 541,946 | 371,784 | 68.6% |
70. | Equity investments | 284,750 | 287,353 | (2,603) | -0.9% | 266,897 | 17,853 | 6.7% |
80. | Technical reserves of reinsurers | 77 | - 0 | 77 | - | - | 77 | - |
90. | Property, plant and equipment | 2,879,330 | 2,370,247 | 509,083 | 21.5% | 2,596,499 | 282,831 | 10.9% |
100. | Intangible assets | 1,745,824 | 1,739,903 | 5,921 | 0.3% | 1,720,771 | 25,053 | 1.5% |
of which: goodwill | 1,465,260 | 1,465,260 | - 0 | 0.0% | 1,465,260 | - 0 | 0.0% | |
110. | Tax assets | 3,584,469 | 3,755,895 | (171,426) | -4.6% | 3,963,978 | (379,509) | -9.6% |
120. | Non-current assets and disposal groups held for sale | 90,109 | 268,100 | (177,991) | -66.4% | 7,353 | 82,756 | n.s. |
130. | Other assets | 1,847,177 | 1,200,966 | 646,211 | 53.8% | 1,199,827 | 647,350 | 54.0% |
Total assets | 134,533,317 | 126,615,985 | 7,917,332 | 6.3% | 127,572,553 | 6,960,764 | 5.5% | |
LIABILITIES AND EQUITY | ||||||||
10. | Financial liabilities measured at amortised cost | 114,934,180 | 109,795,016 | 5,139,164 | 4.7% | 111,840,625 | 3,093,555 | 2.8% |
a) Due to banks | 16,679,833 | 14,367,985 | 2,311,848 | 16.1% | 17,053,172 | (373,339) | -2.2% | |
b) Due to customers | 76,065,027 | 72,577,255 | 3,487,772 | 4.8% | 70,840,373 | 5,224,654 | 7.4% | |
c) Debt securities issued | 22,189,320 | 22,849,776 | (660,456) | -2.9% | 23,947,080 | (1,757,760) | -7.3% | |
20. | Financial liabilities held for trading | 598,541 | 555,296 | 43,245 | 7.8% | 571,499 | 27,042 | 4.7% |
30. | Financial liabilities designated at fair value | 462,372 | 197,610 | 264,762 | 134.0% | 149,871 | 312,501 | n.s. |
40. | Hedging derivatives | 708,400 | 386,778 | 321,622 | 83.2% | 230,655 | 477,745 | n.s. |
50. | Fair value change in hedged financial liabilities (+/-) | 166,404 | 145,191 | 21,213 | 14.6% | 188,275 | (21,871) | -11.6% |
60. | Tax liabilities | 295,667 | 210,882 | 84,785 | 40.2% | 170,802 | 124,865 | 73.1% |
70. | Liabilities associated with assets held for sale | - | 2,331 | (2,331) | -100.0% | - | - | - |
80. | Other liabilities | 4,154,680 | 2,735,807 | 1,418,873 | 51.9% | 2,290,570 | 1,864,110 | 81.4% |
90. | Provision for post-employment benefits | 277,276 | 289,641 | (12,365) | -4.3% | 299,460 | (22,184) | -7.4% |
100. | Provisions for risks and charges: | 397,084 | 489,485 | (92,401) | -18.9% | 415,665 | (18,581) | -4.5% |
a) commitments and guarantees granted | 61,025 | 54,005 | 7,020 | 13.0% | 51,951 | 9,074 | 17.5% | |
b) pension and similar obligations | 81,200 | 86,756 | (5,556) | -6.4% | 87,892 | (6,692) | -7.6% | |
c) other provisions for risks and charges | 254,859 | 348,724 | (93,865) | -26.9% | 275,822 | (20,963) | -7.6% | |
110. | Technical reserves | 2,250,864 | 2,210,294 | 40,570 | 1.8% | 2,070,095 | 180,769 | 8.7% |
120.+140. +150.+160. +170.+180 | Share capital, equity instruments, share premiums, reserves, valuation reserves and treasury shares | 10,058,703 | 9,306,321 | 752,382 | 8.1% | 9,172,290 | 886,413 | 9.7% |
190. | Minority interests (+/-) | 44,861 | 58,230 | (13,369) | -23.0% | 39,344 | 5,517 | 14.0% |
200. | Profit (loss) for the period/year (+/-) | 184,285 | 233,103 | (48,818) | -20.9% | 133,402 | 50,883 | 38.1% |
Total liabilities and equity | 134,533,317 | 126,615,985 | 7,917,332 | 6.3% | 127,572,553 | 6,960,764 | 5.5% |
UBI Banca Group: Reclassified consolidated income statement | ||||||||||
1H 2020 | 1H 2019 restated | Change | % change | 2nd Quarter 2020 | 2nd Quarter 2019 | Change | % change | FY 2019 restated | ||
Figures in thousands of euro | A | B | A-B | A/B | C | D | C-D | C/D | E | |
10.-20.-140. | Net interest income | 803,428 | 886,213 | (82,785) | (9.3%) | 398,265 | 440,616 | (42,351) | (9.6%) | 1,725,105 |
of which: TLTRO II | 20,556 | 24,893 | (4,337) | (17.4%) | 10,445 | 12,502 | (2,057) | (16.5%) | 48,688 | |
of which: IFRS 9 credit components | 34,692 | 66,657 | (31,965) | (48.0%) | 14,629 | 35,498 | (20,869) | (58.8%) | 110,595 | |
of which: IFRS 9 contractual modifications without derecognition components | (17,462) | (10,437) | 7,025 | 67.3% | (8,659) | (5,281) | 3,378 | 64.0% | (25,283) | |
70. | Dividends and similar income | 5,274 | 7,210 | (1,936) | (26.9%) | 498 | 2,040 | (1,542) | (75.6%) | 7,658 |
Profits (losses) of equity-accounted investees | 22,827 | 19,421 | 3,406 | 17.5% | 15,019 | 13,106 | 1,913 | 14.6% | 40,343 | |
40.-50. | Net fee and commission income | 823,748 | 812,934 | 10,814 | 1.3% | 403,265 | 411,998 | (8,733) | (2.1%) | 1,661,759 |
of which: performance fees | 33,119 | 7,153 | 25,966 | n.s. | 26,056 | 4,171 | 21,885 | n.s. | 40,598 | |
80.+90. +100.+110. | Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss | 95,153 | 55,084 | 40,069 | 72.7% | 41,557 | 17,649 | 23,908 | 135.5% | 104,284 |
160.+170. | Net income from insurance operations | 7,546 | 7,436 | 110 | 1.5% | 5,045 | 3,934 | 1,111 | 28.2% | 15,314 |
230. | Other net operating income/expense | 37,581 | 40,737 | (3,156) | (7.7%) | 18,312 | 19,075 | (763) | (4.0%) | 83,472 |
Operating income | 1,795,557 | 1,829,035 | (33,478) | (1.8%) | 881,961 | 908,418 | (26,457) | (2.9%) | 3,637,935 | |
190. a) | Staff costs | (697,208) | (720,427) | (23,219) | (3.2%) | (342,233) | (355,993) | (13,760) | (3.9%) | (1,427,650) |
190. b) | Other administrative expenses | (368,682) | (361,192) | 7,490 | 2.1% | (187,280) | (175,161) | 12,119 | 6.9% | (711,060) |
of which: SRF and DGS contributions | (59,456) | (60,068) | (612) | (1.0%) | (17,473) | (18,070) | (597) | (3.3%) | (107,585) | |
210.+220. | Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets | (112,852) | (106,909) | 5,943 | 5.6% | (55,671) | (54,424) | 1,247 | 2.3% | (221,327) |
Operating expenses | (1,178,742) | (1,188,528) | (9,786) | (0.8%) | (585,184) | (585,578) | (394) | (0.1%) | (2,360,037) | |
Net operating income | 616,815 | 640,507 | (23,692) | (3.7%) | 296,777 | 322,840 | (26,063) | (8.1%) | 1,277,898 | |
130. | Net impairment losses for credit risk relating to: | (341,489) | (393,378) | (51,889) | (13.2%) | (184,375) | (263,375) | (79,000) | (30.0%) | (744,098) |
130. a) | - financial assets measured at amortised cost: loans and advances to banks | (479) | 724 | (1,203) | n.s. | (298) | 773 | (1,071) | n.s. | 137 |
130. a) | - financial assets measured at amortised cost: loans and advances to customers | (336,447) | (391,584) | (55,137) | (14.1%) | (180,831) | (263,016) | (82,185) | (31.2%) | (738,438) |
130. a) | - financial assets measured at amortised cost: securities | (362) | (764) | (402) | (52.6%) | (977) | (277) | 700 | n.s. | (2,454) |
130. b) | - financial assets measured at fair value through other comprehensive income | (4,201) | (1,754) | 2,447 | 139.5% | (2,269) | (855) | 1,414 | 165.4% | (3,343) |
200. a) | Net provisions for risks and charges - commitments and guarantees granted | (8,181) | 1,943 | (10,124) | n.s. | (7,239) | 2,505 | (9,744) | n.s. | (26) |
200. b) | Net provisions for risks and charges - other net provisions | 125 | (2,229) | 2,354 | n.s. | (784) | 1,238 | (2,022) | n.s. | (24,809) |
260. | Net income (loss) from fair value change in property, plant and equipment and intangible assets | (8,718) | - | (8,718) | n.s. | - 0 | - | - | - | (39,386) |
250.+280. | Profits (losses) from the disposal of equity investments | 18,180 | 4,188 | 13,992 | n.s. | 18,113 | 3,915 | 14,198 | n.s. | 6,101 |
290. | Profit (loss) before tax from continuing operations | 276,732 | 251,031 | 25,701 | 10.2% | 122,492 | 67,123 | 55,369 | 82.5% | 475,680 |
300. | Taxes on income for the period/year from continuing operations | (84,433) | (61,212) | 23,221 | 37.9% | (32,051) | (9,827) | 22,224 | n.s. | (118,812) |
340. | (Profit) loss for the period/year attributable to minority interests | (20,748) | (13,701) | 7,047 | 51.4% | (12,445) | (7,286) | 5,159 | 70.8% | (33,912) |
Profit (loss) for the period/year attributable to the shareholders of the Parent before the Business Plan and other impacts | 171,551 | 176,118 | (4,567) | (2.6%) | 77,996 | 50,010 | 27,986 | 56.0% | 322,956 | |
190. a) | Redundancy expenses net of taxes and minority interests | 12,734 | (42,583) | 55,317 | n.s. | 12,717 | 2 | 12,715 | n.s. | (89,413) |
190. b) | Business Plan project expenses net of taxes and minority interests | - | (133) | (133) | (100.0%) | - | (45) | (45) | (100.0%) | (145) |
210. | Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests | - | - | - | - | - | - | - | - | (295) |
350. | Profit (loss) for the period/year attributable to the shareholders of the Parent | 184,285 | 133,402 | 50,883 | 38.1% | 90,713 | 49,967 | 40,746 | 81.5% | 233,103 |
UBI Banca Group: Reclassified consolidated quarterly income statements | |||||||
2020 | 2019 | ||||||
2nd Quarter | 1st Quarter | 4th Quarter restated | 3rd Quarter restated | 2nd Quarter restated | 1st Quarter restated | ||
Figures in thousands of euro | |||||||
10.-20.-140. | Net interest income | 398,265 | 405,163 | 412,041 | 426,851 | 440,616 | 445,597 |
of which: TLTRO II | 10,445 | 10,111 | 11,100 | 12,695 | 12,502 | 12,391 | |
of which: IFRS 9 credit components | 14,629 | 20,063 | 21,395 | 22,543 | 35,498 | 31,159 | |
of which: IFRS 9 contractual modifications without derecognition components | (8,659) | (8,803) | (11,867) | (2,979) | (5,281) | (5,156) | |
70. | Dividends and similar income | 498 | 4,776 | 77 | 371 | 2,040 | 5,170 |
Profits (losses) of equity-accounted investees | 15,019 | 7,808 | 9,139 | 11,783 | 13,106 | 6,315 | |
40.-50. | Net fee and commission income | 403,265 | 420,483 | 446,256 | 402,569 | 411,998 | 400,936 |
of which: performance fees | 26,056 | 7,063 | 30,127 | 3,318 | 4,171 | 2,982 | |
80.+90. +100.+110. | Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss | 41,557 | 53,596 | 58,198 | (8,998) | 17,649 | 37,435 |
160.+170. | Net income from insurance operations | 5,045 | 2,501 | 4,030 | 3,848 | 3,934 | 3,502 |
230. | Other net operating income/expense | 18,312 | 19,269 | 18,797 | 23,938 | 19,075 | 21,662 |
Operating income | 881,961 | 913,596 | 948,538 | 860,362 | 908,418 | 920,617 | |
190. a) | Staff costs | (342,233) | (354,975) | (355,469) | (351,754) | (355,993) | (364,434) |
190. b) | Other administrative expenses | (187,280) | (181,402) | (162,670) | (187,198) | (175,161) | (186,031) |
of which: SRF and DGS contributions | (17,473) | (41,983) | (4,448) | (43,069) | (18,070) | (41,998) | |
210.+220. | Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets | (55,671) | (57,181) | (58,542) | (55,876) | (54,424) | (52,485) |
Operating expenses | (585,184) | (593,558) | (576,681) | (594,828) | (585,578) | (602,950) | |
Net operating income | 296,777 | 320,038 | 371,857 | 265,534 | 322,840 | 317,667 | |
130. | Net impairment losses for credit risk relating to: | (184,375) | (157,114) | (210,487) | (140,233) | (263,375) | (130,003) |
130. a) | - financial assets measured at amortised cost: loans and advances to banks | (298) | (181) | (344) | (243) | 773 | (49) |
130. a) | - financial assets measured at amortised cost: loans and advances to customers | (180,831) | (155,616) | (208,167) | (138,687) | (263,016) | (128,568) |
130. a) | - financial assets measured at amortised cost: securities | (977) | 615 | (1,355) | (335) | (277) | (487) |
130. b) | - financial assets measured at fair value through other comprehensive income | (2,269) | (1,932) | (621) | (968) | (855) | (899) |
200. a) | Net provisions for risks and charges - commitments and guarantees granted | (7,239) | (942) | (1,936) | (33) | 2,505 | (562) |
200. b) | Net provisions for risks and charges - other net provisions | (784) | 909 | (1,223) | (21,357) | 1,238 | (3,467) |
260. | Net income (loss) from fair value change in property, plant and equipment and intangible assets | - 0 | (8,718) | (39,386) | - 0 | - 0 | - 0 |
250.+280. | Profits (losses) from the disposal of equity investments | 18,113 | 67 | 1,813 | 100 | 3,915 | 273 |
290. | Profit (loss) before tax from continuing operations | 122,492 | 154,240 | 120,638 | 104,011 | 67,123 | 183,908 |
300. | Taxes on income for the period from continuing operations | (32,051) | (52,382) | (22,469) | (35,131) | (9,827) | (51,385) |
340. | (Profit) loss for the period attributable to minority interests | (12,445) | (8,303) | (12,972) | (7,239) | (7,286) | (6,415) |
Profit (loss) for the period attributable to the shareholders of the Parent before the Business Plan and other impacts | 77,996 | 93,555 | 85,197 | 61,641 | 50,010 | 126,108 | |
190. a) | Redundancy expenses net of taxes and minority interests | 12,717 | 17 | (46,830) | - | 2 | (42,585) |
190. b) | Business Plan project expenses net of taxes and minority interests | - | - | - 0 | (12) | (45) | (88) |
210. | Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests | - | - | (295) | - 0 | - 0 | - |
350. | Profit (loss) for the period attributable to the shareholders of the Parent | 90,713 | 93,572 | 38,072 | 61,629 | 49,967 | 83,435 |
UBI Banca Group: Reclassified consolidated income statement net of the most significant non-recurring items | ||||
1H 2020 net of non-recurring items | 1H 2019 restated net of non-recurring items | Change | % change | |
Figures in thousands of euro | ||||
Net interest income | 803,428 | 886,213 | (82,785) | (9.3%) |
of which: TLTRO II | 20,556 | 24,893 | (4,337) | (17.4%) |
of which: IFRS 9 credit components | 34,692 | 66,657 | (31,965) | (48.0%) |
of which: IFRS 9 contractual modifications without derecognition components | (17,462) | (10,437) | 7,025 | 67.3% |
Dividends and similar income | 5,274 | 7,210 | (1,936) | (26.9%) |
Profits (losses) of equity-accounted investees | 22,827 | 19,421 | 3,406 | 17.5% |
Net fee and commission income | 823,748 | 812,934 | 10,814 | 1.3% |
of which: performance fees | 33,119 | 7,153 | 25,966 | n.s. |
Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss | 95,153 | 55,084 | 40,069 | 72.7% |
Net income from insurance operations | 7,546 | 7,436 | 110 | 1.5% |
Other net operating income/expense | 37,581 | 40,737 | (3,156) | (7.7%) |
Operating income | 1,795,557 | 1,829,035 | (33,478) | (1.8%) |
Staff costs | (697,208) | (720,427) | (23,219) | (3.2%) |
Other administrative expenses | (352,573) | (343,106) | 9,467 | 2.8% |
Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets | (112,852) | (106,323) | 6,529 | 6.1% |
Operating expenses | (1,162,633) | (1,169,856) | (7,223) | (0.6%) |
Net operating income | 632,924 | 659,179 | (26,255) | (4.0%) |
Net impairment losses for credit risk relating to: | (341,489) | (393,378) | (51,889) | (13.2%) |
- financial assets measured at amortised cost: loans and advances to banks | (479) | 724 | (1,203) | n.s. |
- financial assets measured at amortised cost: loans and advances to customers | (336,447) | (391,584) | (55,137) | (14.1%) |
- financial assets measured at amortised cost: securities | (362) | (764) | (402) | (52.6%) |
- financial assets measured at fair value through other comprehensive income | (4,201) | (1,754) | 2,447 | 139.5% |
Net provisions for risks and charges - commitments and guarantees granted | (8,181) | 1,943 | (10,124) | n.s. |
Net provisions for risks and charges - other net provisions | 125 | (2,229) | 2,354 | n.s. |
Net income (loss) from fair value change in property, plant and equipment and intangible assets | - | - | - | - |
Profits (losses) from the disposal of equity investments | - | - | - | - |
Profit (loss) before tax from continuing operations | 283,379 | 265,515 | 17,864 | 6.7% |
Taxes on income for the year for continuing operations | (86,542) | (65,965) | 20,577 | 31.2% |
Profit (loss) for the period attributable to minority interests | (20,748) | (13,701) | 7,047 | 51.4% |
Profit (loss) for the period attributable to the shareholders of the Parent | 176,089 | 185,849 | (9,760) | (5.3%) |
UBI Banca Group: Reclassified consolidated income statement net of the most significant non-recurring items | |||||||||||||
Business Plan (BI) | Other items | 2017-2020 Business Plan | Other items | ||||||||||
1H 2020 | Redundancy expenses (2017-2020 BI) | Milan logistics reorganisation project (2020-2022 BI) | Extraordinary contribution to the Resolution Fund | First time application of measurement of properties at fair value (pursuant to IAS 16) | Profits/losses from disposal of equity and other investments | 1H 2020 | 1H 2019 restated | Redundancy expenses | Business Plan project expenses | Extraordinary contribution to the Resolution Fund | Profits/losses from disposal of equity and other investments | 1H 2019 restated | |
Figures in thousands of euro | net of non-recurring items | net of non-recurring items | |||||||||||
Net interest income | 803,428 | 803,428 | 886,213 | 886,213 | |||||||||
of which: TLTRO II | 20,556 | 20,556 | 24,893 | 24,893 | |||||||||
of which: IFRS 9 credit components | 34,692 | 34,692 | 66,657 | 66,657 | |||||||||
of which: IFRS 9 contractual modifications without derecognition components | (17,462) | (17,462) | (10,437) | (10,437) | |||||||||
Dividends and similar income | 5,274 | 5,274 | 7,210 | 7,210 | |||||||||
Profits (losses) of equity-accounted investees | 22,827 | 22,827 | 19,421 | 19,421 | |||||||||
Net fee and commission income | 823,748 | 823,748 | 812,934 | 812,934 | |||||||||
of which: performance fees | 33,119 | 33,119 | 7,153 | 7,153 | |||||||||
Net income (loss) from trading, hedging and disposal/repurchase activities and from assets/liabilities measured at fair value through profit or loss | 95,153 | 95,153 | 55,084 | 55,084 | |||||||||
Net income from insurance operations | 7,546 | 7,546 | 7,436 | 7,436 | |||||||||
Other net operating income/expense | 37,581 | 37,581 | 40,737 | 40,737 | |||||||||
Operating income | 1,795,557 | - | - | - | - | - | 1,795,557 | 1,829,035 | - | - | - | - | 1,829,035 |
Staff costs | (697,208) | (697,208) | (720,427) | (720,427) | |||||||||
Other administrative expenses | (368,682) | 16,109 | (352,573) | (361,192) | 18,086 | (343,106) | |||||||
Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets | (112,852) | (112,852) | (106,909) | 586 | (106,323) | ||||||||
Operating expenses | (1,178,742) | - | - | 16,109 | - | - | (1,162,633) | (1,188,528) | - | - | 18,086 | 586 | (1,169,856) |
Net operating income | 616,815 | - | - | 16,109 | - | - | 632,924 | 640,507 | - | - | 18,086 | 586 | 659,179 |
Net impairment losses for credit risk relating to: | (341,489) | (341,489) | (393,378) | (393,378) | |||||||||
- financial assets measured at amortised cost: loans and advances to banks | (479) | (479) | 724 | 724 | |||||||||
- financial assets measured at amortised cost: loans and advances to customers | (336,447) | (336,447) | (391,584) | (391,584) | |||||||||
- financial assets measured at amortised cost: securities | (362) | (362) | (764) | (764) | |||||||||
- financial assets measured at fair value through other comprehensive income | (4,201) | (4,201) | (1,754) | (1,754) | |||||||||
Net provisions for risks and charges - commitments and guarantees granted | (8,181) | (8,181) | 1,943 | 1,943 | |||||||||
Net provisions for risks and charges - other net provisions | 125 | 125 | (2,229) | (2,229) | |||||||||
Net income (loss) from fair value change in property, plant and equipment and intangible assets | (8,718) | 8,718 | - 0 | - | - | ||||||||
Profits (losses) from the disposal of equity investments | 18,180 | (17,443) | (737) | - 0 | 4,188 | (4,188) | - | ||||||
Profit (loss) before tax from continuing operations | 276,732 | - | (17,443) | 16,109 | 8,718 | (737) | 283,379 | 251,031 | - 0 | - 0 | 18,086 | (3,602) | 265,515 |
Taxes on income for the year for continuing operations | (84,433) | 5,768 | (5,238) | (2,883) | 244 | (86,542) | (61,212) | (5,880) | 1,127 | (65,965) | |||
(Profit) loss for the year attributable to minority interests | (20,748) | (20,748) | (13,701) | (13,701) | |||||||||
Profit (loss) for the year attributable to the shareholders of the Parent before the Business Plan and other impacts | 171,551 | - | (11,675) | 10,871 | 5,835 | (493) | 176,089 | 176,118 | - 0 | - 0 | 12,206 | (2,475) | 185,849 |
Redundancy expenses net of taxes and minority interests | 12,734 | (12,734) | - 0 | (42,583) | 42,583 | - | |||||||
Business Plan project expenses net of taxes and minority interests | - | - 0 | (133) | 133 | - | ||||||||
Depreciation and net impairment losses on property, plant and equipment net of taxes and minority interests | - | - 0 | - | - | |||||||||
Profit (loss) for the period attributable to the shareholders of the Parent | 184,285 | (12,734) | (11,675) | 10,871 | 5,835 | (493) | 176,089 | 133,402 | 42,583 | 133 | 12,206 | (2,475) | 185,849 |
UBI Banca Group: Consolidated balance sheet - mandatory statement - | |||
30.06.2020 | 31.12.2019 restated | ||
Figures in thousands of euro | |||
ASSETS | |||
10. | Cash and cash equivalents | 595,996 | 694,750 |
20. | Financial assets measured at fair value through profit or loss | 2,918,145 | 1,758,730 |
a) financial assets held for trading | 1,579,775 | 427,980 | |
b) financial assets designated at fair value | 8,545 | 10,278 | |
c) other financial assets mandatorily measured at fair value | 1,329,825 | 1,320,472 | |
30. | Financial assets measured at fair value through other comprehensive income | 12,343,270 | 12,221,616 |
40. | Financial assets measured at amortised cost | 107,308,571 | 101,736,289 |
a) loans and advances to banks | 14,527,728 | 11,921,289 | |
b) loans and advances to customers | 92,780,843 | 89,815,000 | |
50. | Hedging derivatives | 21,869 | 35,117 |
60. | Fair value change in hedged financial assets (+/-) | 913,730 | 547,019 |
70. | Equity investments | 284,750 | 287,353 |
80. | Technical reserves of reinsurers | 77 | - |
90. | Property, plant and equipment | 2,879,330 | 2,370,247 |
100. | Intangible assets | 1,745,824 | 1,739,903 |
of which: goodwill | 1,465,260 | 1,465,260 | |
110. | Tax assets | 3,584,469 | 3,755,895 |
a) current | 978,088 | 1,084,413 | |
b) deferred | 2,606,381 | 2,671,482 | |
- of which pursuant to Law No. 214/2011 | 1,767,517 | 1,794,331 | |
120. | Non-current assets and disposal groups held for sale | 90,109 | 268,100 |
130. | Other assets | 1,847,177 | 1,200,966 |
Total assets | 134,533,317 | 126,615,985 | |
LIABILITIES AND EQUITY | |||
10. | Financial liabilities measured at amortised cost | 114,934,180 | 109,795,016 |
a) due to banks | 16,679,833 | 14,367,985 | |
b) due to customers | 76,065,027 | 72,577,255 | |
c) debt securities issued | 22,189,320 | 22,849,776 | |
20. | Financial liabilities held for trading | 598,541 | 555,296 |
30. | Financial liabilities designated at fair value | 462,372 | 197,610 |
40. | Hedging derivatives | 708,400 | 386,778 |
50. | Fair value change in hedged financial liabilities (+/-) | 166,404 | 145,191 |
60. | Tax liabilities | 295,667 | 210,882 |
a) current | 51,637 | 64,547 | |
b) deferred | 244,030 | 146,335 | |
70. | Liabilities associated with assets held for sale | - | 2,331 |
80. | Other liabilities | 4,154,680 | 2,735,807 |
90. | Provision for post-employment benefits | 277,276 | 289,641 |
100. | Provisions for risks and charges: | 397,084 | 489,485 |
a) commitments and guarantees granted | 61,025 | 54,005 | |
b) pension and similar obligations | 81,200 | 86,756 | |
c) other provisions for risks and charges | 254,859 | 348,724 | |
110. | Technical reserves | 2,250,864 | 2,210,294 |
120. | Valuation reserves | 50,712 | (79,938) |
140. | Equity instruments | 397,948 | - |
150. | Reserves | 3,499,465 | 3,276,589 |
160. | Share premiums | 3,294,604 | 3,294,604 |
170. | Share capital | 2,843,177 | 2,843,177 |
180. | Treasury shares (-) | (27,203) | (28,111) |
190. | Minority interests (+/-) | 44,861 | 58,230 |
200. | Profit (loss) for the period/year (+/-) | 184,285 | 233,103 |
Total liabilities and equity | 134,533,317 | 126,615,985 |
UBI Banca Group: consolidated income statement - mandatory statement - | |||
Figures in thousands of euro | 1H 2020 | 1H 2019 restated | |
10. | Interest and similar income | 1,004,984 | 1,104,669 |
- of which: interest income calculated with the effective interest method | 985,105 | 1,001,942 | |
20. | Interest and similar expense | (158,531) | (182,054) |
30. | Net interest income | 846,453 | 922,615 |
40. | Fee and commission income | 939,847 | 925,790 |
50. | Fee and commission expense | (113,780) | (111,228) |
60 | Net fee and commission income | 826,067 | 814,562 |
70. | Dividends and similar income | 5,518 | 7,472 |
80. | Net trading income (loss) | 23,164 | 871 |
90. | Net hedging income (loss) | (14,613) | (8,036) |
100. | Income (losses) from disposal or repurchase of: | 72,299 | 23,290 |
a) financial assets measured at amortised cost | 7,255 | (4,220) | |
b) financial assets measured at fair value through other comprehensive income | 67,140 | 28,865 | |
c) financial liabilities | (2,096) | (1,355) | |
110. | Net income (loss) from other financial assets and liabilities measured at fair value through profit or loss | 7,061 | 42,811 |
a) financial assets and liabilities designated at fair value | 13,222 | 292 | |
b) other financial assets mandatorily measured at fair value | (6,161) | 42,519 | |
120. | Gross income | 1,765,949 | 1,803,585 |
130. | Net impairment losses for credit risk relating to: | (341,489) | (393,378) |
a) financial assets measured at amortised cost | (337,288) | (391,624) | |
b) financial assets measured at fair value through other comprehensive income | (4,201) | (1,754) | |
140. | Profits (losses) from contractual modifications without derecognition | (17,462) | (10,437) |
150. | Financial income | 1,406,998 | 1,399,770 |
160. | Net insurance premiums | 151,962 | 159,533 |
170. | Other income/expenses of insurance operations | (154,217) | (173,285) |
180. | Net income from banking and insurance operations | 1,404,743 | 1,386,018 |
190. | Administrative expenses | (1,157,591) | (1,258,548) |
a) staff costs | (678,208) | (784,110) | |
b) other administrative expenses | (479,383) | (474,438) | |
200. | Net provisions for risks and charges | (8,056) | (286) |
a) commitments and guarantees granted | (8,181) | 1,943 | |
b) other net provisions | 125 | (2,229) | |
210. | Depreciation and net impairment losses on property, plant and equipment | (71,432) | (69,626) |
220. | Amortisation and net impairment losses on intangible assets | (41,369) | (37,218) |
230. | Other net operating income/expense | 137,148 | 143,197 |
240. | Operating expenses | (1,141,300) | (1,222,481) |
250. | Profits (losses) of equity investments | 22,827 | 19,421 |
260. | Net income (loss) from fair value change in property, plant and equipment and intangible assets | (8,718) | - |
280. | Profit (loss) from disposal of investments | 18,180 | 4,188 |
290. | Profit (loss) before tax on continuing operations | 295,732 | 187,146 |
300. | Taxes on income for the year for continuing operations | (90,716) | (40,086) |
310. | Profit (loss) after tax from continuing operations | 205,016 | 147,060 |
330. | Profit (loss) for the period | 205,016 | 147,060 |
340. | (Profit) loss for the period attributable to minority interests | (20,731) | (13,658) |
350. | Profit (loss) for the period attributable to the shareholders of the Parent | 184,285 | 133,402 |
UBI Banca Group: Loan tables | |||||||
Loans and advances to customers measured at amortised cost as at 30th June 2020 | |||||||
Figures in thousands of euro | Gross exposure | Impairment losses | Carrying amount | Coverage ratio excluding write-offs | Coverage ratio including write-offs | ||
Non-performing exposures (Stage three) | (7.48%) | 6,568,648 | 2,661,844 | (4.61%) | 3,906,804 | 40.52% | 52.96% |
- Bad loans | (3.84%) | 3,377,032 | 1,770,187 | (1.90%) | 1,606,845 | 52.42% | 68.38% |
- Unlikely-to-pay loans | (3.50%) | 3,078,068 | 880,681 | (2.59%) | 2,197,387 | 28.61% | 29.34% |
- Past-due exposures | (0.13%) | 113,548 | 10,976 | (0.12%) | 102,572 | 9.67% | |
Performing exposures (Stages one and two) | (92.52%) | 81,304,495 | 472,164 | (95.39%) | 80,832,331 | 0.58% | |
Total | 87,873,143 | 3,134,008 | 84,739,135 | 3.57% | |||
Loans and advances to customers measured at amortised cost as at 31st March 2020 | |||||||
Figures in thousands of euro | Gross exposure | Impairment losses | Carrying amount | Coverage ratio excluding write-offs | Coverage ratio including write-offs | ||
Non-performing exposures (Stage three) | (7.51%) | 6,673,244 | 2,639,851 | (4.70%) | 4,033,393 | 39.56% | 52.03% |
- Bad loans | (3.84%) | 3,414,032 | 1,758,613 | (1.93%) | 1,655,419 | 51.51% | 67.66% |
- Unlikely-to-pay loans | (3.55%) | 3,154,776 | 872,276 | (2.66%) | 2,282,500 | 27.65% | 28.34% |
- Past-due exposures | (0.12%) | 104,436 | 8,962 | (0.11%) | 95,474 | 8.58% | |
Performing exposures (Stages one and two) | (92.49%) | 82,195,800 | 451,079 | (95.30%) | 81,744,721 | 0.55% | |
Total | 88,869,044 | 3,090,930 | 85,778,114 | 3.48% | |||
Loans and advances to customers measured at amortised cost as at 31st December 2019 | |||||||
Figures in thousands of euro | Gross exposure | Impairment losses | Carrying amount | Coverage ratio excluding write-offs | Coverage ratio including write-offs | ||
Non-performing exposures (Stage three) | (7.80%) | 6,838,473 | 2,667,009 | (4.93%) | 4,171,464 | 39.00% | 50.92% |
- Bad loans | (4.05%) | 3,555,090 | 1,847,960 | (2.02%) | 1,707,130 | 51.98% | 67.12% |
- Unlikely-to-pay loans | (3.62%) | 3,172,926 | 809,849 | (2.79%) | 2,363,077 | 25.52% | 26.09% |
- Past-due exposures | (0.13%) | 110,457 | 9,200 | (0.12%) | 101,257 | 8.33% | |
Performing exposures (Stages one and two) | (92.20%) | 80,853,909 | 461,340 | (95.07%) | 80,392,569 | 0.57% | |
Total | 87,692,382 | 3,128,349 | 84,564,033 | 3.57% | |||
Loans and advances to customers measured at amortised cost as at 30th June 2019 | |||||||
Figures in thousands of euro | Gross exposure | Impairment losses | Carrying amount | Coverage ratio excluding write-offs | Coverage ratio including write-offs | ||
Non-performing exposures (Stage three) | (9.97%) | 9,002,822 | 3,690,587 | (6.17%) | 5,312,235 | 40.99% | 49.55% |
- Bad loans | (5.70%) | 5,146,645 | 2,663,714 | (2.88%) | 2,482,931 | 51.76% | 62.60% |
- Unlikely-to-pay loans | (4.20%) | 3,794,244 | 1,020,242 | (3.22%) | 2,774,002 | 26.89% | 27.53% |
- Past-due exposures | (0.07%) | 61,933 | 6,631 | (0.06%) | 55,302 | 10.71% | |
Performing exposures (Stages one and two) | (90.03%) | 81,282,373 | 520,457 | (93.83%) | 80,761,916 | 0.64% | |
Total | 90,285,195 | 4,211,044 | 86,074,151 | 4.66% |
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UBI Banca – Unione di Banche Italiane Scpa published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 08:53:18 UTC