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Rothschild & Co | Annual Report 2017
119
1. Overview
4. Financial statements
3.
Management report
2. Business review
Consolidated income statement
for the nine months ended 31 December 2017
(1)
In thousands of euro
Notes
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
+ Interest income
22
100,422
94,275
-
Interest expense
22
(40,736)
(45,176)
+ Fee income
23 1,299,492 1,633,632
-
Fee expense
23
(74,338)
(58,361)
+/- Net gains/(losses) on financial instruments at fair value through profit or loss
24
98,940
98,337
+/- Net gains/(losses) on available-for-sale financial assets
25
38,295
38,339
+ Other operating income
26
1,404
6,720
-
Other operating expenses
26
(536)
(635)
Net banking income
1,422,943 1,767,131
-
Staff costs
27
(820,656)
(1,016,576)
-
Administrative expenses
27
(236,929)
(278,512)
-
Amortisation, depreciation and impairment of tangible and intangible fixed assets
28
(25,496)
(32,116)
Gross operating income
339,862
439,927
+/- Cost of risk
29
(4,532)
(11,265)
Operating income
335,330
428,662
+/- Net income from companies accounted for by the equity method
7
12,036
424
+ Income from negative goodwill
10
–
1,381
+/- Net income/(expense) from other assets
30
6,472
6,273
Profit before tax
353,838
436,740
-
Income tax expense
31
(38,919)
(70,391)
CONSOLIDATED NET INCOME
314,919
366,349
Non-controlling interests
18
124,310
180,391
NET INCOME – GROUP SHARE
190,609
185,958
Earnings per share in euro – Group share (basic)
35
2.55
2.64
Earnings per share in euro – continuing operations (basic)
35
2.55
2.64
Earnings per share in euro – Group share (diluted)
35
2.50
2.60
Earnings per share in euro – continuing operations (diluted)
35
2.50
2.60
(1) The financial reporting period changed following 31 March 2017 so that the financial close is now on 31 December each year. Further consolidated income statement data has been prepared,
in summarised form, to aid comparison between reporting periods and is set out in the notes to the consolidated financial statements, section I.