Logotype

financial statements 2013

APPENDIX VIII. Opening balance sheet at January 1, 2013 due to the application of the new IFRS 10 and 11

Print this page
Excel Download Excel
ASSETS Millions of Euros
December 31, 2012
As Previously Reported		 Adjustments (*) December 31, 2012
After Implementation
CASH AND BALANCES WITH CENTRAL BANKS 37,434 (1,940) 35,494
FINANCIAL ASSETS HELD FOR TRADING 79,954 (125) 79,829
OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 2,853 (323) 2,530
AVAILABLE-FOR-SALE FINANCIAL ASSETS 71,500 (4,000) 67,500
LOANS AND RECEIVABLES 383,410 (12,063) 371,347
HELD-TO-MATURITY INVESTMENTS 10,162 - 10,162
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK 226 - 226
HEDGING DERIVATIVES 4,894 - 4,894
NON-CURRENT ASSETS HELD FOR SALE 4,245 (16) 4,229
INVESTMENTS IN ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD 6,795 3,987 10,782
INSURANCE CONTRACTS LINKED TO PENSIONS 7 - 7
REINSURANCE ASSETS 50 - 50
TANGIBLE ASSETS 7,785 (213) 7,572
INTANGIBLE ASSETS 8,912 (1,780) 7,132
TAX ASSETS 11,829 (179) 11,650
OTHER ASSETS 7,729 (61) 7,668
TOTAL ASSETS 637,785 (16,713) 621,072
Excel Download Excel
LIABILITIES AND EQUITY Millions of Euros
December 31, 2012
As Previously Reported		 Adjustments (*) December 31, 2012
After Implementation
FINANCIAL LIABILITIES HELD FOR TRADING 55,927 (93) 55,834
OTHER FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 2,516 (300) 2,216
FINANCIAL LIABILITIES AT AMORTIZED COST 506,487 (15,882) 490,605
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK - - -
HEDGING DERIVATIVES 2,968 - 2,968
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE 387 - 387
LIABILITIES UNDER INSURANCE CONTRACTS 9,032 (12) 9,020
PROVISIONS 7,927 (93) 7,834
TAX LIABILITIES 4,077 (257) 3,820
OTHER LIABILITIES 4,662 (76) 4,586
TOTAL LIABILITIES 593,983 (16,713) 577,270
STOCKHOLDERS’ FUNDS 43,614 - 43,614
Common Stock 2,670 - 2,670
Share premium 20,968 - 20,968
Reserves 19,672 - 19,672
Other equity instruments 62 - 62
Less: Treasury stock (111) - (111)
Income attributed to the parent company 1,676 - 1,676
Less: Dividends and remuneration (1,323) - (1,323)
VALUATION ADJUSTMENTS (2,184) - (2,184)
NON-CONTROLLING INTEREST 2,372 - 2,372
TOTAL EQUITY (**) 43,802 - 43,802
TOTAL LIABILITIES AND EQUITY 637,785 (16,713) 621,072
Excel Download Excel
MEMORANDUM ITEM Millions of Euros
December 31, 2012
As Previously Reported		 Adjustments (*) December 31, 2012
After Implementation
CONTINGENT RISKS 39,540 (2,521) 37,019
CONTINGENT COMMITMENTS 93,098 (2,956) 90,142
(*) Principally effect of change in consolidation method of the Garanti Group, from the proportionate consolidation method to the equity method, due to the new IFRS 11. (**) This change does not imply effect on net income or equity. Excel Download Excel
Income Statement Millions of Euros
2012
As Previously Reported		 Adjustments (*) 2012
After Implementation
INTEREST AND SIMILAR INCOME 26,262 (1,447) 24,815
INTEREST AND SIMILAR EXPENSES (11,140) 799 (10,341)
NET INTEREST INCOME 15,122 (648) 14,474
DIVIDEND INCOME 390 - 390
SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD 727 312 1,039
FEE AND COMMISSION INCOME 5,574 (284) 5,290
FEE AND COMMISSION EXPENSES (1,221) 87 (1,134)
NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES 1,645 (9) 1,636
EXCHANGE DIFFERENCES (NET) 122 (53) 69
OTHER OPERATING INCOME 4,812 (47) 4,765
OTHER OPERATING EXPENSES (4,730) 25 (4,705)
GROSS INCOME 22,441 (617) 21,824
ADMINISTRATION COSTS (9,768) 372 (9,396)
DEPRECIATION AND AMORTIZATION (1,018) 40 (978)
PROVISIONS (NET) (651) 10 (641)
IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) (7,980) 121 (7,859)
NET OPERATING INCOME 3,024 (74) 2,950
IMPAIRMENT LOSSES ON OTHER ASSETS (NET) (1,123) - (1,123)
GAINS (LOSSES) ON DERECOGNIZED ASSETS NOT CLASSIFIED AS NON-CURRENT ASSETS HELD FOR SALE 4 (1) 3
NEGATIVE GOODWILL 376 - 376
GAINS (LOSSES) IN NON-CURRENT ASSETS HELD FOR SALE NOT CLASSIFIED AS DISCONTINUED OPERATIONS (622) (2) (624)
OPERATING PROFIT BEFORE TAX 1,659 (77) 1,582
INCOME TAX 275 77 352
PROFIT FROM CONTINUING OPERATIONS 1,934 - 1,934
PROFIT FROM DISCONTINUED OPERATIONS (NET) 393 - 393
PROFIT 2,327 - 2,327
Profit attributable to parent company 1,676 - 1,676
Profit attributable to non-controlling interests 651 - 651
(*) Principally effect of change in consolidation method of the Garanti Group, from the proportionate consolidation method to the equity method, due to the new IFRS 11. Excel Download Excel
ASSETS Millions of Euros
December 31, 2011
As Previously Reported		 Adjustments (*) December 31, 2011
After Implementation
CASH AND BALANCES WITH CENTRAL BANKS 30,939 (1,098) 29,841
FINANCIAL ASSETS HELD FOR TRADING 70,602 (131) 70,471
OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 2,977 (204) 2,773
AVAILABLE-FOR-SALE FINANCIAL ASSETS 58,144 (3,503) 54,641
LOANS AND RECEIVABLES 381,076 (11,160) 369,916
HELD-TO-MATURITY INVESTMENTS 10,955 - 10,955
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK 146 - 146
HEDGING DERIVATIVES 4,552 (14) 4,538
NON-CURRENT ASSETS HELD FOR SALE 2,090 (15) 2,075
INVESTMENTS IN ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD 5,843 3,456 9,299
INSURANCE CONTRACTS LINKED TO PENSIONS - - -
REINSURANCE ASSETS 26 - 26
TANGIBLE ASSETS 7,330 (204) 7,126
INTANGIBLE ASSETS 8,677 (1,797) 6,880
TAX ASSETS 7,841 (114) 7,727
OTHER ASSETS 6,490 (66) 6,424
TOTAL ASSETS 597,688 (14,850) 582,838
Excel Download Excel
LIABILITIES AND EQUITY Millions of Euros
December 31, 2011
As Previously Reported		 Adjustments (*) December 31, 2011
After Implementation
FINANCIAL LIABILITIES HELD FOR TRADING 51,303 (125) 51,178
OTHER FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 1,825 (204) 1,621
FINANCIAL LIABILITIES AT AMORTIZED COST 479,904 (14,187) 465,717
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK - - -
HEDGING DERIVATIVES 2,710 (1) 2,709
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE - - -
LIABILITIES UNDER INSURANCE CONTRACTS 7,737 (8) 7,729
PROVISIONS 7,561 (90) 7,471
TAX LIABILITIES 2,330 (183) 2,147
OTHER LIABILITIES 4,260 (52) 4,208
TOTAL LIABILITIES 557,630 (14,850) 542,780
STOCKHOLDERS’ FUNDS 40,952 - 40,952
Common Stock 2,403 - 2,403
Share premium 18,970 - 18,970
Reserves 17,940 - 17,940
Other equity instruments 51 - 51
Less: Treasury stock (300) - (300)
Income attributed to the parent company 3,004 - 3,004
Less: Dividends and remuneration (1,116) - (1,116)
VALUATION ADJUSTMENTS (2,787) - (2,787)
NON-CONTROLLING INTEREST 1,893 - 1,893
TOTAL EQUITY (**) 40,058 - 40,058
TOTAL LIABILITIES AND EQUITY 597,688 (14,850) 582,838
Excel Download Excel
MEMORANDUM ITEM Millions of Euros
December 31, 2011
As Previously Reported		 Adjustments (*) December 31, 2011
After Implementation
CONTINGENT RISKS 39,904 (2,275) 37,629
CONTINGENT COMMITMENTS 93,766 (3,078) 90,688
(*) Principally effect of change in consolidation method of the Garanti Group, from the proportionate consolidation method to the equity method, due to the new IFRS 11. (**) This change does not imply effect on net income or equity. Excel Download Excel
Income Statement Millions of Euros
2011
As Previously Reported		 Adjustments (*) 2011
After Implementation
INTEREST AND SIMILAR INCOME 24,180 (951) 23,229
INTEREST AND SIMILAR EXPENSES (11,028) 523 (10,505)
NET INTEREST INCOME 13,152 (428) 12,724
DIVIDEND INCOME 562 - 562
SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD 595 192 787
FEE AND COMMISSION INCOME 5,075 (201) 4,874
FEE AND COMMISSION EXPENSES (1,044) 64 (980)
NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES 1,117 (47) 1,070
EXCHANGE DIFFERENCES (NET) 364 46 410
OTHER OPERATING INCOME 4,244 (32) 4,212
OTHER OPERATING EXPENSES (4,037) 18 (4,019)
GROSS INCOME 20,028 (388) 19,640
ADMINISTRATION COSTS (8,898) 264 (8,634)
DEPRECIATION AND AMORTIZATION (839) 29 (810)
PROVISIONS (NET) (509) 6 (503)
IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) (4,226) 41 (4,185)
NET OPERATING INCOME 5,879 (371) 5,508
IMPAIRMENT LOSSES ON OTHER ASSETS (NET) (1,885) 2 (1,883)
GAINS (LOSSES) ON DERECOGNIZED ASSETS NOT CLASSIFIED AS NON-CURRENT ASSETS HELD FOR SALE 46 (2) 44
NEGATIVE GOODWILL - - -
GAINS (LOSSES) IN NON-CURRENT ASSETS HELD FOR SALE NOT CLASSIFIED AS DISCONTINUED OPERATIONS (271) - (271)
OPERATING PROFIT BEFORE TAX 3,446 (48) 3,398
INCOME TAX (206) 48 (158)
PROFIT FROM CONTINUING OPERATIONS 3,240 - 3,240
PROFIT FROM DISCONTINUED OPERATIONS (NET) 245 - 245
PROFIT 3,485 - 3,485
Profit attributable to parent company 3,004 - 3,004
Profit attributable to non-controlling interests 481 - 481
(*) Principally effect of change in consolidation method of the Garanti Group, from the proportionate consolidation method to the equity method, due to the new IFRS 11.

Tools