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FINANCIAL STATEMENTS
3
Statutory financial statements
3.3.3
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2016
31/12/2014
31/12/2015
31/12/2016
1. Revenue transactions
Commissions and brokerage fees
Financial income
Income from cash investments
1,418,332
3,005,673
1,135,629
Net income from the sale of marketable securities
20,258
5,723
6
Other financial income
14,431
0
0
Reversals of provisions
0
0
0
Other income
1
4
0
Transfers of expenses
0
0
0
Operating expenses
Purchases and other external expenses
10,288,298
10,666,036
9,196,977
Wages and payroll expenses
0
0
0
Taxes, fees and similar payments
726,237
881,563
787,537
Depreciation, amortisation and provisions
0
0
0
Financial expenses
Interest and similar expenses
101,407
112,418
201,402
Net expenses from sales of marketable securities
0
82
0
Provisions for impairment
0
0
0
Other financial expenses
0
0
0
Other expenses
190,001
250,500
260,000
INCOME FROMREVENUE TRANSACTIONS (BEFORE CORPORATION TAX)
-9,852,921
-8,899,199
-9,310,280
2. Capital transactions
Income
Capital gains on sales of equity investments
52,184,028
7,446,361
79,065,995
Reversals of provisions
16,636,785
40,084,779
24,320,264
Other income
16,832,655
36,551,768
6,956,912
Expenses
Losses on sales of portfolio investments
3,787,398
641
2,572,022
Provisions for impairment
15,886,140
37,022,046
17,567,809
Other expenses
160,487
0
1,607,442
INCOME FROM CAPITAL TRANSACTIONS
65,819,443
47,060,221
88,595,898
Extraordinary income
97,263
142,499
97,912
Extraordinary expenses
48,921
117,850
52,077
Corporation tax
TOTAL NET INCOME
56,014,864
38,185,670
79,331,454
129
REGISTRATION DOCUMENT
1
ALTAMIR 2016