Net financial income Profit and loss from investments in associates and joint ventures Gains less losses from investment securities Net other income Profit before credit losses Gains less losses from tangible and intangible assets Operating profit before items affecting comparability Items affecting comparability Interest expense calculated using effective interest method Remeasurement of pension obligations, including special salary tax Valuation gains (losses) on plan assets during the year Loans to central banks Loans to credit institutions Debt securities Assets Investments in subsidiaries, associates and joint ventures Nominal Value Per Share Acquisition cost Deduction from shareholders equity Commission received Commission paid Net received from financial transactions Cash flow from the income statement Increase (–)/decrease (+) in portfolios Increase (+)/decrease (–) in issued securities Increase (–)/decrease (+) in lending to credit institutions and central banks Increase (–)/decrease (+) in lending to the public Increase (+)/decrease (–) in liabilities to credit institutions Increase (+)/decrease (–) in deposits and borrowings from the public Increase (–)/decrease (+) in insurance portfolios Sales of intangible and tangible fixed assets Cash and cash equivalents at beginning of year CASH AND CASH EQUIVALENTS AT END OF PERIOD