To reflect better the economic nature of the transactions, the presentation changes described in sections 5.4.1-5.4.3 and 5.4.5-5.4.6 were made. Due to the final settlement of the acquisition of Tomma shares, the comparative data were transformed, as described in section 5.4.4.
5.4.1. Change in the presentation of interest income calculated using the effective interest rate
Interest income calculated using the effective interest rate, previously presented in “Net investment income” was spun off to a separate line item of the consolidated profit and loss account.
5.4.2. Change in the presentation of impairment losses for guarantees and sureties given
The establishments and derecognitions of the provision for guarantees and sureties given, presented previously in a split layout under other operating expenses and other operating income, respectively, are presented in the net amount under “Movement in allowances for expected credit losses and impairment losses on financial instruments”.
5.4.3. Change in the presentation of the measurement of loan receivables from clients measured at fair value through other comprehensive income
The measurement of loans at fair value through other comprehensive income, presented in the consolidated financial statements for 2019 under “Valuation of debt instruments measured at fair value through other comprehensive income” has been spun off separated into a separate item of other comprehensive income.
5.4.4. Settlement of the Tomma acquisition
In connection with the final settlement of the acquisition of the shares in Tomma, a retroactive restatement of data as at 31 December 2019 has been performed. More information on this matter is presented in section 18.104.22.168.
5.4.5. Change in the presentation of financial liabilities
Subordinated liabilities, liabilities on the issue of own debt securities, liabilities towards banks, liabilities towards clients on account of deposits and negative measurement of derivative instruments in the consolidated financial statements for 2019 are presented under “Financial liabilities”.
In order to improve the usefulness of the consolidated financial statements, these liabilities are presented in the consolidated financial statements consolidated financial statements under separate items of the statement of financial position.
5.4.6. Change in the presentation of employee benefits
Provisions for holidays, defined benefit plans and other long-term employee benefits in the consolidated financial statements for 2019 are presented in the “Provisions for employee benefits” line item. To increase the usefulness of the reports in the consolidated financial statements they were presented in Other liabilities (Provisions for holidays) and Provisions (defined benefit plans and other long-term employee benefits).
5.4.7. Impact exerted by the differences on the consolidated financial statements
The following tables present the impact of the aforementioned changes on the individual items of the consolidated financial statements.
|Consolidated profit and loss account||1 January – 31 December 2019
|5.4.1||5.4.2||1 January – 31 December 2019
|Interest income calculated using the effective interest rate||n/a||12,015||-||12,015|
|Other net investment income||n/a||376||-||376|
|Net investment income||12,391||(12,391)||-||n/a|
|Movement in allowances for expected credit losses and impairment losses on financial instruments||(2,166)||-||(42)||(2,208)|
|Other operating income||1,492||-||(289)||1,203|
|Other operating expenses||(4,324)||-||331||(3,993)|
|Net profit, including:||5,185||-||-||5,185|
|- profit attributable to the equity holders of the Parent Company||3,295||-||-||3,295|
|- profit (loss) attributed to holders of non-controlling interest||1,890||-||-||1,890|
|Consolidated statement of comprehensive income||1 January – 31 December 2019
|5.4.3||1 January – 31 December 2019
|Other comprehensive income||496||-||496|
|To be reclassified to profit or loss in the future||489||-||489|
|Valuation of debt instruments||393||(18)||375|
|Measurement of loan receivables from clients||n/a||18||18|
|Total net comprehensive income||5,681||-||5,681|
|Assets||31 December 2019
|5.4.4||31 December 2019
|Property, plant and equipment||4,226||3||4,229|
|Equity and liabilities||31 December 2019
|5.4.4||5.4.5||5.4.6||31 December 2019
|Liabilities on the issue of own debt securities||n/a||-||9,273||-||9,273|
|Liabilities to banks||n/a||-||6,604||-||6,604|
|Liabilities to clients under deposits||n/a||-||218,588||-||218,588|
|Provisions for employee benefits||534||-||-||(534)||n/a|
|Deferred tax liability||734||12||-||-||746|
|Liabilities related directly to assets classified as held for sale||29||-||-||-||29|
|Total equity and liabilities||343,340||45||-||-||343,385|
|Assets||1 January 2019
|Adjustments||1 January 2019
|Equity and liabilities||1 January 2019
|5.4.4||5.4.5||5.4.6||1 January 2019
|Liabilities on the issue of own debt securities||n/a||-||12,009||-||12,009|
|Liabilities to banks||n/a||-||6,044||-||6,044|
|Liabilities to clients under deposits||n/a||-||207,635||-||207,635|
|Provisions for employee benefits||531||-||-||(531)||n/a|
|Deferred tax liability||486||-||-||-||486|
|Liabilities related directly to assets classified as held for sale||49||-||-||-||49|
|Total equity and liabilities||328,554||-||-||-||328,554|
|Consolidated cash flow statement||1 January – 31 December 2019
|5.4.5||1 January – 31 December 2019
|Profit before tax||7,080||-||7,080|
|Impairment losses for non-financial assets||-||19||19|
|Movement in liabilities||1,113||1,341||2,454|
|Other adjustments||(1,071)||-1 360||(2,431)|
|Net cash flows from operating activities||1,048||-||1,048|