Income statement

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Income statement of comdirect group according to IFRS
€ thousand   1.1. to 31.12.
  Notes 2014 2013
Interest income   194,006 214,815
Interest expenses   48,203 76,174
Net interest income before provisions for possible loan losses (26 145,803 138,641
Provisions for possible loan losses (9), (27 – 279 – 1,429
Net interest income after provisions for possible loan losses   145,524 137,212
Commission income   333,946 323,348
Commission expenses   140,796 135,018
Net commission income (28 193,150 188,330
Trading result and result from hedge accounting (29) , (30 145 287
Result from financial investments (31 4,829 9,243
Administrative expenses (32 270,852 259,866
Other operating result (33 9,825 4,826
Pre-tax profit   82,621 80,032
Taxes on income (20), (34 16,331 19,498
Net profit   66,290 60,534
Allocation to reserves   9,802 9,695
Consolidated profit (22 56,488 50,839
Undiluted/diluted earnings per share 
 1.1. to 31.12.
Notes20142013
Net profit (in € thousand) 66,29060,534
Average number of ordinary shares (number)(53141,220,815141,220,815
Undiluted/diluted earnings per share (in €)(230.470.43

No shares were issued in the financial year so that the average number of ordinary shares corresponds to the number of ordinary shares outstanding as of 31 December 2014.