Annual Report 2015

F.22. Fee and commission expenses and expenses from financial services activities

(CZK million)20152014
Fee and commission expenses from asset management activity129231
Total129231

XLS

Of which relates to the Transformed fund:

(CZK million)20152014
Fee and commission expenses from asset management activity742716
Total742716

XLS

Fees and commissions from asset management are charged by Pension company to the Transformed fund. On the consolidated level, these intercompany transactions are eliminated.