balance sheet at december 31, 2014 income statement at

balance sheet at december 31, 2014 income statement at

Highlights I The Operations I The Institution
I The Model
I
APPENDICES
FINANCIAL RESULTS
BALANCE SHEET AT DECEMBER 31, 2014
INCOME STATEMENT AT DECEMBER 31, 2014
(in thousands of euros)
(in thousands of euros)
ASSETS
31/12/14
Financial institutions
Receivables from financial institutions
31/12/13
31/12/14
0
66
2,426,605
1,822,570
Short-term
354,089
62,320
Long-term
2,072,516
1,760,250
1,683,691
1,370,045
36,169
37,931
498,499
477,257
0
4
705
974
Transactions with non-financial institutions
Bonds and other fixed income securities
Investments and other long-term securities
Intangible assets
Property, plant and equipment
Other assets
Prepayments and accrued income
TOTAL ASSETS
Interest and similar products
178,927
148,704
On operations with financial institutions
82,062
69,180
On operations with non-financial institutions
95,030
77,270
1,835
2,254
-102,113
-79,750
-102,113
-79,750
On bonds and other fixed income securities
Interest and similar charges
On operations with financial institutions
Income from variable income securities
Fee income
Fee expense
1,814
3,719
Other banking operating income items
12,375
7,381
Other banking operating expense items
4,659,857
3,719,948
Net banking income
Other administrative expenses
Allocation to depreciation & amortisation
Gross operating income
LIABILITIES
Borrowings owed to financial institutions
31/12/14
31/12/13
31/12/13
7,696
8,510
21,370
20,209
-518
-1,128
0
595
-653
0
104,710
97,141
-38,777
-38,022
-514
-492
65,419
58,627
Cost of risk
-29,443
-6,426
Operating income
35,976
52,201
Gains and loses on property and equipment
24,257
-609
Income from ordinary activities before tax
60,233
51,592
-109
-22
27
17
3,466,640
2,855,500
Short-term
1,899
0
Long-term
3,464,741
2,855,500
Other liabilities
287,925
203,159
4,303
4,859
70,405
54,476
-136
-39
Equity
830,585
601,955
Corporate income tax
-19,244
-17,034
Capital subscribed
724,898
485,330
NET INCOME
40,880
34,537
9,863
8,136
Prepayments and accrued income
Provisions
Legal reserve
Retained earnings
54,944
73,953
Income for the year
40,880
34,536
4,659,857
3,719,948
TOTAL LIABILITIES
Exceptional items
Exceptional revenue
Exceptional expenses
KEY FINANCIAL RATIOS AND INDICATORS
2014
Net banking income (€m)
104.7
97.1
Net income (€m)
40.9
34.5
Cost/income ratio (%)
37.5
39.7
Return on equity (%)
4.92
5.72
1.1
1.16
Efficiency ratio (%)
54
I PROPARCO I Annual report 2014
2013
PROPARCO I Annual report 2014 I
55