Financial performance
Financial statements of HBOR Group
Financial statements of HBOR Group are made public in accordance with the following publication calendar:
| Reporting period | Type of financial statements | Date of final publication |
|---|---|---|
| 31 March / Q1 financial statements | Unaudited interim | 31 May |
| 30 June / semi-annual financial statements | Audited interim | 31 August |
| 30 September / Q3 financial statements | Unaudited interim | 30 November |
| 31 December / annual financial statements | Audited annual | 30 April next year after the year that ended on 31 December |
| Additional | Decision of the Parliament of the Republic of Croatia on the Approval of the Annual Financial Statements | After a decision has been made by the Parliament of the Republic of Croatia |
Financial reporting policies of HBOR Group
The Financial Reporting Policies of the Hrvatska banka za obnovu i razvitak Group (hereinafter: HBOR Group or the Group) provide for the financial reporting framework of the Group and determine:
- Financial statements of HBOR Group,
- Basis for the preparation of financial statements,
- Objective and purpose of financial reporting,
- Principles of financial reporting,
- Publication of financial statements with publication calendar,
- Audit of annual financial statements.
HBOR Group is comprised of Hrvatska banka za obnovu i razvitak (hereinafter: HBOR or the parent company) as the parent company and all companies under its control – direct or indirect.
Breakdown of the most significant financial information
In HRK millions – based on audited data
| 2017 | 2016 | 2015 | 2014 | 2013 |
|
|---|---|---|---|---|---|
| Total assets | 28,075.6 | 27,390.8 | 25,552.8 | 25,786.0 | 26,168.2 |
| Gross loans | 26,333.0 | 26,343.1 | 24,722.8 | 24,721.4 | 24,941.6 |
| Total equity | 10,275.8 | 10.042.6 | 9,664.6 | 9,431.0 | 8,888.3 |
| Total income | 930.8 | 933.7 | 927.3 | 926.7 | 989.1 |
| Total expense | (768.6) | (618.9) | (721.0) | (757.5) | (799.8) |
| Profit | 162.2 | 314.8 | 206.3 | 169.2 | 189.3 |
| Interest income | 867.8 | 872.0 | 874.0 | 905.0 | 956.7 |
| Interest expense | (390.5) | (452.7) | (474.5) | (490.1) | (520.9) |
| Net interest income | 477.3 | 419.3 | 399.5 | 414.9 | 435.8 |
In EUR millions – based on audited data
(at the middle exchange rate of the Croatian National Bank as of 31 December of the respective year)
| 2017 | 2016 | 2015 | 2014 | 2013 |
|
|---|---|---|---|---|---|
| Total assets | 3,736.6 | 3,624.2 | 3,346.8 | 3,365.7 | 3,426.2 |
| Gross loans | 3,504.7 | 3,485.6 | 3,238.1 | 3,226.7 | 3,265.6 |
| Total equity | 1,367.6 | 1,328.8 | 1,265.8 | 1,231.0 | 1,163.7 |
| Total income | 123.9 | 123.5 | 121.4 | 121.0 | 129.5 |
| Total expense | (102.3) | (81.9) | (94.4) | (98.9) | (104.7) |
| Profit | 21.6 | 41.6 | 27.0 | 22.1 | 24.8 |
| Interest income | 115.5 | 115.4 | 114.5 | 118.1 | 125.3 |
| Interest expense | (52.0) | (59.9) | (62.2) | (64.0) | (68.2) |
| Net interest income | 63.5 | 55.5 | 52.3 | 54.1 | 57.1 |
Please note that translated figures are of informative nature only and the result of conversion and therefore could not be considered as confirmed by the auditors.