Main economic and financial indicators1

20152014
Personnel efficiency indicators [millions of euro]
Loans to customers / Number of employees 3.85 3.65
Operating income / Number of employees 0.19 0.18
Customer financial assets2 / Number of employees 9.55 8.91
Balance sheet indicators  
Shareholders' equity / Loans to customers 13.6% 13.2%
Shareholders' equity / Customer financial assets2 5.5% 5.4%
Capital ratios  
Common Equity Tier 1 (CET1) capital net of regulatory adjustments / Risk-weighted assets
(Common Equity Tier 1 ratio)
13.0%   13.5%
Tier 1 (TIER 1) capital / Risk-weighted assets 13.8% 14.2%
Total own funds / Risk-weighted assets 16.6% 17.2%
Profit indicators
Parent Company net income / Average shareholders' equity 5.9% 2.8%
Operating costs / Operating income (Cost income ratio) 51.4% 51.1%
Risk indicators
Net doubtful loans to customers / Loans to customers 4.3% 4.2%
Adjustments to doubtful loans to customers / Gross doubtful loans to customers 61.8% 62.8%
 

1 The indicators were calculated with reference to reclassified statements and figures published in the Intesa Sanpaolo Group's 2015 consolidated financial statements. The 2014 figures were restated where necessary to take into account changes in the scope of consolidation and ongoing disinvestment activities.

2 Customer financial assets: direct deposits from banking business, direct deposits from insurance business and technical reserves and indirect deposits, after netting, referred to components of indirect deposits which are also included in direct deposits.

 

Statement of calculation and distribution of Economic Value

FINANCIAL STATEMENT CAPTIONS(millions of Euro)
    20152014    2013
10. Interest and similar income 14,148 15,933 17,403
20. Interest and similar expense -4,910 -6,116 -7,518
40. Fee and commission income 8,735 8,058 7,435
50. Fee and commission expense1 -1,049 -1,023 -1,079
70. Dividends and similar income 378 315 250
80. Profits (Losses) on trading 285 210 597
90. Fair value adjustments in hedge accounting -68 -139 -28
100. Profits (Losses) on disposal or repurchase of: 1,205 1,074 728
  a) loans -44 86 1
  b) financial assets available for sale 1,452 1,271 739
  c) investments held to maturity 0 0 -2
  d) financial liabilities -203 -283 -10
110. Profits (Losses) on financial assets and liabilities designated at fair value 977 971 492
130. Net adjustments to/recoveries on impairment of: -2,824 -4,314 -7,005
  a) loans -2,751 -4,102 -6,597
  b) financial assets available for sale -203 -187 -296
  c) investments held to maturity 0 1 0
  d) other financial activities 130 -26 -112
150. Net insurance premiums 12,418 16,600 11,921
160. Other net insurance income (expense) -14,680 -18,805 -13,750
220. Other operating expenses (income) 934 720 643
240. (partial) Profits (Losses) on investments in associates and companies subject to joint control (realised gains/losses)2 -1 326 2,579
270. Profits (Losses) on disposal of investments 103 114 15
310. Income (Loss) after tax from discontinued operations -2 -48 0
A Total economic value generated 15,649 13,876 12,683
180.b (partial) Other administrative expenses (net of indirect taxes and donations and charges for resolution funds and deposit guarantee)3 -2,676   -2,619   -2,647
  ECONOMIC VALUE DISTRIBUTED TO SUPPLIERS -2,676 -2,619 -2,647
180.a Personnel expenses4 -6,031 -5,836 -5,503
  ECONOMIC VALUE DISTRIBUTED TO EMPLOYEES -6,031 -5,836 -5,503
330. Minority interests -67 -59 7
  ECONOMIC VALUE DISTRIBUTED TO THIRD PARTIES -67 -59 7
340. (partial) Parent Company net income (loss) - Share allocated to Shareholders5 -2,361   -1,185   -822
340. (partial) Parent Company net income (loss) - Share allocated to holders of equity instruments6 -20   0   0
  ECONOMIC VALUE DISTRIBUTED TO SHAREHOLDERS AND HOLDERS OF EQUITY INSTRUMENTS -2,381 -1,185 -822
180.b (partial) Other administrative expenses: indirect taxes -919 -952 -879
180.b (partial) Other administrative expenses: charges for resolution funds and deposit guarantee -516 0 0
290. (partial) Income taxes for the year (current taxes)7 -1,485 -1,509 -1,693
  ECONOMIC VALUE DISTRIBUTED TO THE GOVERNMENT, ORGANISATIONS AND INSTITUTIONS -2,920 -2,461 -2,572
180.b (partial) Other administrative expenses: donations and gifts -1 -3 -2
340. (partial) Parent Company net income (loss) - Share allocated to charity funds8 -11 -10 0
  ECONOMIC VALUE DISTRIBUTED TO COMMUNITY AND ENVIRONMENT* -12 -13 -2
B Total economic value distributed -14,087 -12,173 -11,539
C Total economic value retained (withdrawn) by the corporate system8 1,562 1,703 1,144

1 The figures differ from those of the income statement in the Financial Statements as remuneration to the financial advisors networks was reclassified to “Personnel expenses”.

2 The figures differ from those of the income statement in the Financial Statements due to the exclusion of unrealised gains/losses, now recognised in a separate caption.

3 The figures differ from those of the income statement in the Annual Report due to the exclusion of indirect taxes, donations and gifts and charges for resolution funds and deposit guarantee, now recognised in a separate caption.

4 The figures differ from those of the income statement in the Annual Report as they also include remuneration paid to the financial agents networks.

5 For 2013 the economic value distributed to shareholders was drawn from reserves.

6 Accrued interest related to the coupons on the Additional Tier 1 instruments (AT1), recognized directly in shareholders’ equity

7 The figures differ from those of the income statement in the Annual Report due to the exclusion of deferred tax assets and liabilities, now recognised in a separate caption.

8 The figures include amounts allocated to the charity funds operated by Group banks.

* Net adjustments to/recoveries and provisions, deferred tax assets and liabilities and consolidated income net of dividends of the Parent Company.