Income statement

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Income statement of comdirect group according to IFRS
€ thousand   1.1. to 31.12.
  Notes 2013 20121)
1) Previous year’s figures adjusted due to application of amended IAS 19 and retrospective adjustment of commission in funds business
Interest income   214,815 263,870
Interest expenses   76,174 112,887
Net interest income before provisions for possible loan losses 27  138,641 150,983
Provisions for possible loan losses 9, 28  – 1,429 – 4,430
Net interest income after provisions for possible loan losses   137,212 146,553
Commission income   323,348 288,298
Commission expenses   135,018 120,599
Net commission income 29  188,330 167,699
Result from hedge accounting 5, 30  9 – 8
Trading result 31  278 0
Result from financial investments 32  9,243 3,690
Administrative expenses 33  259,866 235,911
Other operating result 34  4,826 11,519
Pre-tax profit   80,032 93,542
Taxes on income 20, 35  19,498 19,262
Net profit   60,534 74,280
Allocation to reserves   9,695 12,143
Consolidated profit 23  50,839 62,137
Undiluted/diluted earnings per share
 1.1. to 31.12.
201320121)
1) Previous year’s figures adjusted due to application of amended IAS 19 and retrospective adjustment of commission in funds business
Net profit (in € thousand)60,53474,280
Average number of ordinary shares (number)141,220,815141,220,815
Undiluted/diluted earnings per share (in €)0.430.53

No shares were issued in the financial year so that the average number of ordinary shares corresponds to the number of ordinary shares outstanding as of 31 December 2013.