Consolidated income statement

Particulars 2017 (€m) 2018 (€m) 2019 (€m)

Interest income 2,546 2,513 2,525
Interest expense -394 -379 -370
Net Interest Income 2,152 2,134 2,155
Net insurance premium income 1,344 1,496 1,518
Fee and commission income 543 521 510
Fee and commission expense -217 -224 -205
Net trading income 161 55 138
Life assurance investment income, gains and losses 450 -331 1,311
Operating Lease income 3 52 62
Operating Lease expense -3 -41 -52
Other operating income 170 85 120
Total Operating income 4,603 3,747 5,557
Insurance contract liabilities and claims paid -1,646 -955 -2,647
Total operating income, net of insurance claims 2,957 2,792 2,910
Other operating expenses -2,080 -1,941 -2,006
Cost of restructuring programme -48 -111 -59
Operating profit before impairment charges on financial assets 829 740 845
Impairment charges on financial assets -15 42 -214
Operating profit 814 782 631
Share of results of associates and joint ventures (after tax) 43 41 39
Gain on disposal of asset held for sale - 7 -
Gain/ Loss on disposal / liquidation of business activities -5 5 -25
Profit before tax 852 835 645
Taxation charge -160 -160 -197
Profit for the year 692 675 448
Attributable to shareholders 664 620 386
Attributable to non-controlling interests 28 55 62
Profit for the year 692 675 448
Earnings per ordinary share 59.1 57.7 35.9
Diluted earnings per ordinary share 59.1 57.7 35.9
2020 (€m) 2021 (€m) 2022 (€m)
2,570 2,770 3,150
-481 -543 -663
2,089 2,227 2,487
1,627 2,018 2,046
428 448 579
-172 -179 -268
26 111 34
270 1,284 -1,471
65 63 71
-55 -47 -45
57 153 176
4,335 6,078 3,609
-1,690 -3,089 -378
2,645 2,989 3,231
-2,036 -1,859 -2,012
-245 -110 -17
364 1,020 1,202
-1,133 194 -187
-769 1,214 1,015
-4 5 40
- - -
13 2 1
-760 1,221 1,056
53 -166 -159
-707 1,055 897
-742 1,048 889
35 7 8
-707 1,055 897
-72.4 91.2 76.6
-72.4 91.2 76.6
Net interest income
2017 (€m) 2018 (€m) 2019 (€m) 2020 (€m) 2021 (€m) 2022 (€m)
Net interest income (before ELG fees) 2,248 2146 2150
IFRS income classifications -3 34 17
Net interest income (before ELG fees)
after IFRS income classifications 2,245 2,180 2,167
2022 (€m)