ANALYSE THE FINANCIAL STATEMENTS BELOW USING RELEVANT RATIOS, INTERPRETE THEM AND COMMENT ON THE PERFORMANCE OF THE COMPANY

INCOME STATEMENT

For the year ended 31 December 2020

Presented in thousands of EUR	NOTES	2020	2019
Interest and similar income Interest and similar expenses Net interest income (expense) on derivatives	7 8 9	97,856 (61,048) 7,427	93,969 (53,274) (4,113)
Net interest income Net fees and commissions Dividend income Net gains from equity investments through profit or loss Net (losses) gains on derecognition of debt investment securities at fair value through other comprehensive income Net(losses) on derecognition of financial liabilities at amortized cost Unrealized net fair value gains on derivative instruments Fair value(losses) gains on loans measured at fair value through profit or losses Fair value (losses) on equity investments measured at fair value through profit or loss Foreign exchange income (losses) Other (losses) income	10 16 16 20 14 15 16	44,235 2,040 164 284 (1,752) (2,049) 7,410 229 (7) 78 (4)	36,582 967 - 268 119 - - 477 (217) (1,067) 4
Operating income Personnel expenses Administrative expenses Depreciation and amortization	11,26 11 18,19	50,170 (16,097) (4,161) (525)	37,133 (15,758) (5,187) (572)
Income before impairment Impairment (losses) on loans Impairment (losses) on debt investment securities measured at fair value through other comprehensive income	12	29,387 (12,894) (2,278)	15,616 (1,841) (111)
Income for the year		14,215	13,664