Consolidated Financial Statements
of the Alior Bank Spółka Akcyjna Group
for the year ended 31 December 2021
This version of our report is a translation from the original, which was prepared in Polish language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation.
C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e y e a r e n d e d 3 1 D e c e m b e r 2 0 2 1
( i n P L N ' 0 0 0 ) | ||||||||||||||||
Selected financial data concerning the financial statements | ||||||||||||||||
PLN | 01.01.2021 - | 01.01.2020 - | % | |||||||||||||
31.12.2021 | 31.12.2020 | (A-B)/B | ||||||||||||||
A | B | C | ||||||||||||||
Net interest income | 2 798 234 | 2 848 726 | -1.8% | |||||||||||||
Net fee and commission income | 766 748 | 635 846 | 20.6% | |||||||||||||
Trading result & other | 72 139 | 60 916 | 18.4% | |||||||||||||
Net expected credit losses, impairment allowances of non- | -1 038 531 | -1 866 604 | -44.4% | |||||||||||||
financial assets and cost of legal risk of FX mortgage loans* | ||||||||||||||||
General administrative expenses* | -1 582 544 | -1 664 531 | -4.9% | |||||||||||||
Gross profit/loss | 779 211 | -206 450 | -477.4% | |||||||||||||
Net profit/loss | 481 925 | -311 233 | -254.8% | |||||||||||||
Net cash flow | 1 303 490 | 1 080 774 | 20.6% | |||||||||||||
Loans and advances to customers | 58 228 178 | 56 215 422 | 3.6% | |||||||||||||
Amounts due to customers | 72 005 715 | 66 875 907 | 7.7% | |||||||||||||
Equity | 5 919 202 | 6 559 602 | -9.8% | |||||||||||||
Total assets | 83 048 372 | 78 642 032 | 5.6% | |||||||||||||
Selected ratios | ||||||||||||||||
Profit/loss per ordinary share (PLN) | 3.69 | -2.38 | -254.8% | |||||||||||||
Capital adequacy ratio | 14.16% | 15.85% | -10.7% | |||||||||||||
Tier 1 | 12.55% | 13.55% | -7.4% | |||||||||||||
EUR | 01.01.2021 - | 01.01.2020 - | % | |||||||||||||
31.12.2021 | 31.12.2020 | (A-B)/B | ||||||||||||||
A | B | C | ||||||||||||||
Net interest income | 611 302 | 636 701 | -4.0% | |||||||||||||
Net fee and commission income | 167 504 | 142 114 | 17.9% | |||||||||||||
Trading result & other | 15 759 | 13 615 | 15.7% | |||||||||||||
Net expected credit losses, impairment allowances of non- | -226 877 | -417 193 | -45.6% | |||||||||||||
financial assets and cost of legal risk of FX mortgage loans* | ||||||||||||||||
General administrative expenses* | -345 722 | -372 029 | -7.1% | |||||||||||||
Gross profit/loss | 170 226 | -46 142 | -468.9% | |||||||||||||
Net profit/loss | 105 281 | -69 562 | -251.3% | |||||||||||||
Net cash flow | 284 760 | 241 557 | 17.9% | |||||||||||||
Loans and advances to customers | 12 659 951 | 12 181 551 | 3.9% | |||||||||||||
Amounts due to customers | 15 655 458 | 14 491 615 | 8.0% | |||||||||||||
Equity | 1 286 951 | 1 421 427 | -9.5% | |||||||||||||
Total assets | 18 056 349 | 17 041 265 | 6.0% | |||||||||||||
Selected ratios | ||||||||||||||||
Profit/loss per ordinary share (PLN) | 0.81 | -0.53 | -252.8% | |||||||||||||
Capital adequacy ratio | 14.16% | 15.85% | -10.7% | |||||||||||||
Tier 1 | 12.55% | 13.55% | -7.4% | |||||||||||||
*Restated - Note 4.2 | ||||||||||||||||
Selected items of the financial statements were translated into EUR at | 31.12.2021 | 31.12.2020 | ||||||||||||||
the following exchange rates | ||||||||||||||||
NBP's avarage exchange rate as at 31 December of the year | 4.5994 | 4.6148 | ||||||||||||||
NBP's avarage exchange rates as at the last day of each month | 4.5775 | 4.4742 | ||||||||||||||
2 |
C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p | ||
f o r t h e y e a r e n d e d 3 1 D e c e m b e r 2 0 2 1 | ||
( i n P L N ' 0 0 0 ) | ||
Table of Contents | ||
Consolidated statement of changes in equity.................................................................................................................................................................................................. | 6 | |
Consolidated Statement of cash flow ................................................................................................................................................................................................................ | 7 | |
Notes to the consolidated financial statements .............................................................................................................................................................................................. | 8 | |
1 | Information about the Bank and the Group......................................................................................................................................................................... | 8 |
2 | Basis of preparation of the financial statements ............................................................................................................................................................. | 13 |
3 | Description of the material accounting principles........................................................................................................................................................... | 14 |
4 | Changes in accounting principles........................................................................................................................................................................................ | 18 |
5 | Operating segments............................................................................................................................................................................................................... | 19 |
Notes to consolidated income statement ...................................................................................................................................................................................................... | 22 | |
6 | Net interest income ............................................................................................................................................................................................................... | 22 |
7 | Net fee and commission income ......................................................................................................................................................................................... | 25 |
8 | The result on financial assets measured at fair value through profit or loss and FX result .................................................................................... | 27 |
9 | The result on derecognition of financial instruments not measured at fair value through profit or loss............................................................. | 27 |
10 | Result on other operating income and expenses............................................................................................................................................................. | 28 |
11 | General administrative expenses ........................................................................................................................................................................................ | 28 |
12 | Net expected credit losses ................................................................................................................................................................................................... | 29 |
13 | The result on impairment of non-financial assets............................................................................................................................................................ | 30 |
14 | Cost of legal risk of FX mortgage loans ............................................................................................................................................................................. | 31 |
15 | Banking Tax ............................................................................................................................................................................................................................. | 32 |
16 | Income tax ............................................................................................................................................................................................................................... | 32 |
17 | Profit per share ....................................................................................................................................................................................................................... | 35 |
Additional information to the statement of financial position................................................................................................................................................................... | 35 | |
18 | Cash and cash equivalents.................................................................................................................................................................................................... | 35 |
19 | Amounts due from banks...................................................................................................................................................................................................... | 36 |
20 | Investment financial assets .................................................................................................................................................................................................. | 37 |
21 | Hedge accounting .................................................................................................................................................................................................................. | 43 |
22 | Loans and advances to customers ...................................................................................................................................................................................... | 50 |
23 | Property, plant and equipment and intangible assets..................................................................................................................................................... | 64 |
24 | Other assets ............................................................................................................................................................................................................................ | 71 |
25 | Assets pledged as colleteral ................................................................................................................................................................................................. | 72 |
26 | Amounts due to banks .......................................................................................................................................................................................................... | 72 |
27 | Amounts due to customers .................................................................................................................................................................................................. | 73 |
28 | Financial liabilities................................................................................................................................................................................................................... | 74 |
29 | Provisions................................................................................................................................................................................................................................. | 75 |
30 | Other liabilities........................................................................................................................................................................................................................ | 79 |
31 | Subordinated liabilities .......................................................................................................................................................................................................... | 80 |
32 | Equity........................................................................................................................................................................................................................................ | 80 |
Other additional information ............................................................................................................................................................................................................................ | 83 | |
33 | Off-balance sheet items........................................................................................................................................................................................................ | 83 |
34 | Additional information to the cash flow statement ........................................................................................................................................................ | 84 |
35 | Fair value hierarchy................................................................................................................................................................................................................ | 85 |
36 | Transactions with related entities....................................................................................................................................................................................... | 92 |
37 | Benefits for the for senior executives................................................................................................................................................................................ | 94 |
38 | Offsetting of financial assets and liabilities....................................................................................................................................................................... | 97 |
39 | Legal claims.............................................................................................................................................................................................................................. | 98 |
Explanatory notes concerning risk................................................................................................................................................................................................................. | 100 | |
40 | Credit Risk.............................................................................................................................................................................................................................. | 102 |
41 | Interest rate risk.................................................................................................................................................................................................................... | 114 |
42 | Foreign exchange risk (FX risk).......................................................................................................................................................................................... | 120 |
43 | Liquidity risk .......................................................................................................................................................................................................................... | 122 |
44 | Operational Risk ................................................................................................................................................................................................................... | 129 |
45 | Capital Management............................................................................................................................................................................................................ | 132 |
Other………………................................................................................................................................................................................................................................................. | 136 | |
46 | Events significant to the business operations of the Bank's Group........................................................................................................................... | 136 |
47 | Significant events after the end of the reporting period.............................................................................................................................................. | 137 |
3
C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e y e a r e n d e d 3 1 D e c e m b e r 2 0 2 1
( i n P L N ' 0 0 0 )
Consolidated income statement
Note number | 01.01.2021 - | ||||||
31.12.2021 | |||||||
Interest income calculated using the effective interest method | 2 837 304 | ||||||
Income of a similar nature | 199 338 | ||||||
Interest expense | -238 408 | ||||||
Net interest income | 6 | 2 798 234 | |||||
Fee and commission income | 1 441 514 | ||||||
Fee and commission expense | -674 766 | ||||||
Net fee and commission income | 7 | 766 748 | |||||
Dividend income | 532 | ||||||
The result on financial assets measured at fair value through profit or loss | 8 | 87 149 | |||||
and FX result | |||||||
The result on derecognition of financial instruments not measured at fair | 9 | 5 293 | |||||
value through profit or loss | |||||||
measured at fair value through other comprehensive income | 3 246 | ||||||
measured at amortized cost | 2 047 | ||||||
Other operating income | 147 487 | ||||||
Other operating expenses | -168 322 | ||||||
Net other operating income and expenses | 10 | -20 835 | |||||
General administrative expenses | 11 | -1 582 544 | |||||
Net expected credit losses | 12 | -1 006 663 | |||||
The result on impairment of non-financial assets | 13 | -10 482 | |||||
Cost of legal risk of FX mortgage loans | 14 | -21 386 | |||||
Banking tax | 15 | -236 835 | |||||
Gross profit/loss | 779 211 | ||||||
Income tax | 16 | -297 286 | |||||
Net profit/loss | 481 925 | ||||||
Net profit/loss attributable to equity holders of the parent | 481 925 | ||||||
Weighted average number of ordinary shares | 130 553 991 | ||||||
Net profit/loss per share (PLN) | 17 | 3.69 | |||||
*Restated - Note 4.2 | |||||||
Consolidated statement of comprehensive income | |||||||
Note number | 01.01.2021 - | ||||||
31.12.2021 | |||||||
Net profit/loss | 481 925 | ||||||
Items that may be reclassified to the income statement after certain | -1 122 412 | ||||||
conditions are satisfied | |||||||
Foreign currency translation differences | 1 577 | ||||||
Results of the measurement of financial assets (net) | -63 611 | ||||||
Profit/loss on valuation of financial assets measured at fair value through | 20 | -78 499 | |||||
other comprehensive income | |||||||
Deferred tax | 16 | 14 888 | |||||
Results on the measurement of hedging instruments (net) | -1 060 378 | ||||||
Gains/losses on hedging instruments | 21 | -1 309 109 | |||||
Deferred tax | 16 | 248 731 | |||||
Total comprehensive income, net | -640 487 | ||||||
- attributable to shareholders of the parent company | -640 487 | ||||||
01.01.2020 - 31.12.2020*
3 159 045
173 828
-484 147
2 848 726
1 215 749 -579 903
635 846
700
79 070
84 553
60 607
23 946
137 039 -240 446
-103 407
-1 664 531 -1 733 471
-132 822 -311-220 803
-206 450
-104 783
-311 233
-311 233
130 553 991
-2.38
01.01.2020 -
31.12.2020
-311 233
138 701
-2 225
25 755
31 793
-6 038
115 171
142 186
-27 015
-172 532
-172 532
4
C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e y e a r e n d e d 3 1 D e c e m b e r 2 0 2 1
( i n P L N ' 0 0 0 )
Consolidated statement of financial position
ASSETS | Note number | 31.12.2021 | 31.12.2020 |
Cash and cash equivalents | 18 | 3 763 391 | 2 459 901 |
Amounts due from banks | 19 | 1 689 779 | 508 371 |
Investment financial assets: | 20 | 16 099 658 | 15 744 672 |
measured at fair value through other comprehensive income | 9 265 445 | 6 983 904 | |
measured at fair value through profit or loss | 382 900 | 594 926 | |
measured at amortized cost | 6 451 313 | 8 165 842 | |
Derivative hedging instruments | 21 | 38 810 | 334 977 |
Loans and advances to customers | 22 | 58 228 178 | 56 215 422 |
Assets pledged as collateral | 25 | 130 921 | 446 455 |
Property, plant and equipment | 23 | 755 209 | 702 381 |
Intangible assets | 23 | 426 643 | 425 109 |
Inwestments in associates | 0 | 5 333 | |
Non-current assets held for sale | 0 | 3 | |
Income tax asset | 16 | 1 302 329 | 1 218 282 |
current income tax asset | 27 | 59 572 | |
deferred income tax asset | 1 302 302 | 1 158 710 | |
Other assets | 24 | 613 454 | 581 126 |
TOTAL ASSETS | 83 048 372 | 78 642 032 | |
LIABILITIES AND EQUITY | Note number | 31.12.2021 | 31.12.2020 |
Amounts due to banks | 26 | 529 617 | 912 407 |
Amounts due to customers | 27 | 72 005 715 | 66 875 907 |
Financial liabilities | 28 | 188 088 | 501 880 |
Derivative hedging instruments | 21 | 1 081 996 | 86 162 |
Provisions | 29 | 290 213 | 336 560 |
Other liabilities | 30 | 1 649 540 | 1 569 867 |
Income tax liabilities | 16 | 36 560 | 6 685 |
current income tax liabilities | 35 671 | 6 046 | |
deferred income tax liabilities | 889 | 639 | |
Subordinated liabilities | 31 | 1 347 441 | 1 792 962 |
Total liabilities | 77 129 170 | 72 082 430 | |
Share capital | 1 305 540 | 1 305 540 | |
Supplementary capital | 5 403 849 | 5 399 627 | |
Revaluation reserve | -906 659 | 217 330 | |
Other reserves | 161 788 | 161 792 | |
Foreign currency translation differences | -43 | -1 620 | |
Accumulated losses | -527 198 | -211 834 | |
Profit/loss for the period | 481 925 | -311 233 | |
Equity | 32 | 5 919 202 | 6 559 602 |
TOTAL LIABILITIES AND EQUITY | 83 048 372 | 78 642 032 | |
5
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Alior Bank SA published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 09:06:05 UTC.