1. For institutions applying accounting standards established by Directive 86/635/EEC, based on the accounting categories for the profit and loss account of institutions under Article 27 of that Directive, the relevant indicator is the sum of the elements listed in Table 1 of this paragraph. Institutions shall include each element in the sum with its positive or negative sign.
By way of derogation from the first subparagraph of this paragraph, institutions may choose not to apply the accounting categories for the profit and loss account under Article 27 of Directive 86/635/EEC to financial and operating leases for the purpose of calculating the relevant indicator, and may instead:
(a) include interest income from financial and operating leases and profits from leased assets in the category referred to in point 1 of Table 1;
(b) include interest expense from financial and operating leases, losses, depreciation and impairment of operating leased assets in the category referred to in poin
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