Statements Of Income

In thousands of New Taiwan Dollars, except per share amounts
ITEMS 2019 2018
INTEREST INCOME 51,391,239 49,156,871
INTEREST EXPENSE (18,742,159) (18,330,503)
NET INTEREST INCOME 32,649,080 30,826,368
NONINTEREST INCOME
   Net fee income 16,927,133 16,527,602
   Gains on financial assets and liabilities at fair value through profit or loss 5,398,020 5,488,759
   Realized gains from financial assets at fair value through other comprehensive income 2,094,457 2,645,638
   Losses arising from derecognition of financial assets measured at amortised cost (38,960) 0
   Gains on foreign currency exchange 1,339,016 1,580,121
   Losses on impairment of assets (15,347) (23,159)
   Share of profit of associates and joint ventures accounted for using the equity method 1,158,313 653,973
   Others

602,310

786,743
   NET NONINTEREST INCOME 27,464,942 27,659,677
NET OPERATING INCOME 60,114,022 58,486,045
BAD DEBT EXPENSE, COMMITMENT AND GUARANTEE LIABILITY PROVISION (2,871,227) (4,341,281)
OPERATING EXPENSES
   Employee benefits expenses (15,854,940) (15,377,271)
   Depreciation and amortization (2,709,098) (1,418,016)
   Other general and administrative expenses (13,376,104) (13,323,445)
      TOTAL OPERATING EXPENSES (31,940,142) (30,118,732)
PROFIT BEFORE INCOME TAX FROM CONTINUING OPERATIONS 25,302,653 24,026,032
INCOME TAX EXPENSE (3,480,000) (3,005,700)
NET INCOME 21,822,653 21,020,332
OTHER COMPREHENSIVE INCOME 3,821,112 (917,206)
     
BASIC EARNINGS PER SHARE (IN DOLLARS) $2.25 $2.17