OP Financial Group income statement














EUR million Notes 2015 2014 Change, %
Interest income 2,486 2,685 -7
Interest expenses 1,460 1,642 -11
Net interest income before impairment losses 7 1,026 1,043 -2
Impairment losses on receivables 8 78 88 -12
Net interest income after impairment losses 948 955 -1
Net income from Non-life Insurance 9 639 589 8
Net income from Life Insurance 10 278 197 41
Net commissions and fees 11 704 707 0
Net trading income 12 107 88 20
Net investment income 13 87 74 18
Other operating income 14 46 52 -12
Total net income 2,807 2,662 5
Personnel costs 15 781 741 5
Other administrative expenses 16 420 414 2
Other operating expenses 17 319 401 -20
Total expenses 1,520 1,555 -2
Returns to owner-customers and accrued customer bonuses 18 195 195 0
Share of profits/losses of associates accounted for using the equity method 9 3
Earnings before tax 1,101 915 20
Income tax expense 19 249 308 -19
Profit for the financial year 853 607 40




Attributable to, EUR million


Profit for the period attributable to owners 845 599 41
Profit for the period attributable to non-controlling interest 8 8
Total 853 607 40


OP Financial Group statement of comprehensive income














EUR million Notes 2015 2014 Change, %
Profit for the financial year 853 607 40
Items that will not be reclassified to profit or loss



Gains/(losses) arising from remeasurement of defined benefit plans 519 -380
Items that may be reclassified to profit or loss



Change in fair value reserve



Measurement at fair value -205 85

Cash flow hedge -14 67

Translation differences 0 0
Income tax on other comprehensive income



Items that will not be reclassified to profit or loss



Gains/(losses) arising from remeasurement of defined benefit plans

-104 76

Items that may be reclassified to profit or loss



Measurement at fair value 41 -17

Cash flow hedge 3 -13
Total comprehensive income for the financial year 1,093 424




Attributable to, EUR million


Total comprehensive income for the period attributable to owners 1,077 393
Total comprehensive income for the period attributable to non-controlling interests 16 32
Total 1,093 424

Key figures and ratios 2015 2014
Return on equity, % 10.3 8.1
Return on equity at fair value, % 13.2 5.7
Return on assets, % 0.72 0.57
Cost/income ratio, % 53 56
Average personnel 12,174 12,548

Full-time 11,330 11,663

Part-time 844 885