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5.3 Explanation of differences between the 2018 annual consolidated financial statements and these consolidated financial statements

Annual Report 2019 > 5.3 Explanation of differences between the 2018 annual consolidated financial statements and these consolidated financial statements
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Margin on foreign exchange transactions

 

To reflect better the economic nature of revenue generated on the margin on foreign exchange transactions, it has been moved from “Net investment income” to “Revenue from commissions and fees”.

The table presents the impact of the change on the individual items of the consolidated financial statements.

Consolidated profit and loss account 1 January – 31 December 2018 (historical) Change 1 January – 31 December 2018 (restated)
Revenue from commissions and fees 3,374 735 4,109
Net investment income 11,679 (735) 10,944
Net profit 5,368 - 5,368