Year 2017

8. Financial income and expenses

 

Financial income

2017

2016

Dividend income

156,161.00

192,416.00

Interest income

   
 

Financial assets at fair value through profit or loss

1,391,354.14

4,845,837.34

 

Loans and receivables

3,277,902.07

5,762,352.44

 

Assets held to maturity

261,092.93

735,916.86

Other financial income from Group companies

1,458,357.03

1,286,775.83

Gains on disposal of financial assets at fair value through profit or loss

73,357.50

33,285.84

Exchange rate gains

   
 

Interest-bearing receivables and liabilities

890,013.48

7,343,792.52

 

Currency derivatives, non-hedge accounting

227,487.96

292,102.90

Change in fair value of loans

0.00

539,259.54

Total

 

7,735,726.11

21,031,739.27

       

Financial expense

   

Interest expense

   
 

Financial liabilities at amortized cost

5,048,070.81

10,547,512.47

 

Financial liabilities at fair value through profit or loss

30,125.79

740,366.27

Other financial expenses on financial liabilities at amortized cost

585,393.84

687,239.86

Losses on disposal of financial assets at fair value through profit or loss

370.00

333,720.00

Changes in fair value of financial assets at fair value through profit or loss

   
 

Bonds and money market investments

951,377.41

515,136.36

 

Interest rate derivatives, non-hedge accounting

0.00

1,897,236.73

Exchange rate losses

   
 

Interest-bearing receivables and liabilities

3,245,392.33

407,210.37

 

Currency derivatives, non-hedge accounting

405,621.01

283,320.66

Impairment on loans and receivables

32,873,693.10

155,134,685.33

Total

 

43,140,044.29

170,546,428.05

       
   

2017

2016

Change in fair value of investments

recognized in the fair value reserve loss (-), gain (+)

-126,726.00

25,454.00

 

of which deferred tax

25,345.20

-5,090.80

       

Change in fair value of hedging interest rate derivatives

recognized in the fair value reserve loss (-), gain (+)

-868,397.00

-

 

of which deferred tax

173,679.40

-

       
       

9. Group contributions


 

2017

2016

Group contributions received

44,000,000.00

28,500,000.00

Group contributions distributed

-53,000.00

0.00

Total

43,947,000.00

28,500,000.00

   

10. Income tax


 

2017

2016

Income tax on group contributions

8,789,400.00

5,700,000.00

Income tax on business activities

-2,868,056.94

-1,858,840.27

Income tax from previous years

-9,788.20

-3,821,614.59

Change in deferred tax assets

150,891.17

7,250,303.81

Total

6,062,446.03

7,269,848.95