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financial statements 2014

Consolidated income statements

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Consolidated income statements for the years ended December 31, 2014, 2013 and 2012.
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Notes Millions of Euros
2014 2013 (*) 2012 (*)
INTEREST AND SIMILAR INCOME 36 22,838 23,512 24,815
INTEREST AND SIMILAR EXPENSES 36 (8,456) (9,612) (10,341)
NET INTEREST INCOME
14,382 13,900 14,474
DIVIDEND INCOME 37 531 235 390
SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD 38 343 694 1,039
FEE AND COMMISSION INCOME 39 5,530 5,478 5,290
FEE AND COMMISSION EXPENSES 40 (1,356) (1,228) (1,134)
NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES 41 1,435 1,608 1,636
Financial instruments held for trading
11 540 653
Other financial instruments at fair value through profit or loss
27 49 69
Other financial instruments not at fair value through profit or loss
1,397 1,019 914
Rest
- - -
EXCHANGE DIFFERENCES (NET)
699 903 69
OTHER OPERATING INCOME 42 4,581 4,995 4,765
Income on insurance and reinsurance contracts
3,622 3,761 3,631
Financial income from non-financial services
650 851 807
Rest of other operating income
308 383 327
OTHER OPERATING EXPENSES 42 (5,420) (5,833) (4,705)
Expenses on insurance and reinsurance contracts
(2,714) (2,831) (2,646)
Changes in inventories
(506) (495) (406)
Rest of other operating expenses
(2,200) (2,507) (1,653)
GROSS INCOME
20,725 20,752 21,824
ADMINISTRATION COSTS 43 (9,414) (9,701) (9,396)
Personnel expenses
(5,410) (5,588) (5,467)
General and administrative expenses
(4,004) (4,113) (3,929)
DEPRECIATION AND AMORTIZATION 44 (1,145) (1,095) (978)
PROVISIONS (NET) 45 (1,142) (609) (641)
IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) 46 (4,340) (5,612) (7,859)
Loans and receivables
(4,304) (5,577) (7,817)
Other financial instruments not at fair value through profit or loss
(36) (35) (42)
NET OPERATING INCOME
4,684 3,735 2,950
IMPAIRMENT LOSSES ON OTHER ASSETS (NET) 47 (297) (467) (1,123)
Goodwill and other intangible assets
(8) (14) (54)
Other assets
(289) (453) (1,069)
GAINS (LOSSES) ON DERECOGNIZED ASSETS NOT CLASSIFIED AS NON-CURRENT ASSETS HELD FOR SALE 48 46 (1,915) 3
NEGATIVE GOODWILL 18 - - 376
GAINS (LOSSES) IN NON-CURRENT ASSETS HELD FOR SALE NOT CLASSIFIED AS DISCONTINUED OPERATIONS 49 (453) (399) (624)
OPERATING PROFIT BEFORE TAX
3,980 954 1,582
INCOME TAX 19 (898) 16 352
PROFIT FROM CONTINUING OPERATIONS
3,082 970 1,934
PROFIT FROM DISCONTINUED OPERATIONS (NET) 49 - 1,866 393
PROFIT
3,082 2,836 2,327
Profit attributable to parent company
2,618 2,084 1,676
Profit attributable to non-controlling interests 30 464 753 651

Note Euros
2014 2013 (*) 2012 (*)
EARNINGS PER SHARE 5


Basic earnings per share
0.44 0.36 0.30
Diluted earnings per share
0.44 0.36 0.30
(*) Presented for comparison purposes only (Note 1.3).

The accompanying Notes 1 to 56 and Appendices I to XIII are an integral part of the consolidated income statement corresponding to the year ended December 31, 2014.

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