Note Year ended 31 December
2020 2019 – restated
Interest income, including: 6 4,688,353 5,071,664
Interest income accounted for using the effective interest method 4,207,276 4,523,483
Income similar to interest on financial assets at fair value through profit or loss 481,077 548,181
Interest expenses 6 (679,053) (1,068,892)
Net interest income 4,009,300 4,002,772
Fee and commission income 7 2,244,561 2,010,656
Fee and commission expenses 7 (740,039) (654,491)
Net fee and commission income 1,508,285 1,270,617
Dividend income 8 4,926 4,220
Net trading income 9 184,752 134,516
Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss 10 15,572 69,259
Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss 11 93,527 34,832
Other operating income 12 218,052 234,487
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss 15 (1,225,642) (712,337)
Result on provisions for legal risk related to foreign currency loans 30 (1,021,714) (387,786)
Overhead costs 13 (1,980,500) (1,953,657)
Depreciation 25, 26 (430,628) (375,498)
Other operating expenses 14 (234,820) (307,722)
Operating profit 1,141,110 2,013,703
Tax on the Bank’s balance sheet items (531,379) (458,658)
Profit before income tax 609,731 1,555,045
Income tax expense 16 (505,974) (544,793)
Net profit 103,757 1,010,252
Net profit attributable to:
– Owners of mBank S.A. 103,831 1,010,350
– Non-controlling interests (74) (98)
Net profit attributable to Owners of mBank S.A. 103,831 1,010,350
Weighted average number of ordinary shares 17 42,355,695 42,340,263
Earnings per share (in PLN) 17 2.45 23.86
Weighted average number of ordinary shares for diluted earnings 17 42,379,726 42,358,529
Diluted earnings per share (in PLN) 17 2.45 23.85

Notes constitute an integral part of these Consolidated Financial Statements.

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