Group Income Statement for 1994
(x NLG 1,000)
1994
1993
Income
Interest income
Interest expense
616,081
434,802
608,418
442,140
Interest
181,279
166,278
Income from securities and
participating interests
5,479
5,904
Commission income
7,016
6,290
Commission expense
1,074
981
Commission
5,942
5,309
Result on financial transactions
11,367
76
Other revenue
2,468
4,223
Other income
25,256
15,512
Total income
206,535
181,790
Expenses
Personnel and other service costs:
- personnel costs 23,532 21,887
- other service costs 12,012 10,454
35,544
32,341
Depreciation
2,869
3,530
Other operating costs
549
1,872
Operating expenses
38,962
37,743
Value adjustments to receivables
5,000
10,000
Total expenses
43,962
47,743
Result before taxation
162,573
134,047
Taxation
(36,959)
(33,754)
Net result
125,614
100,293
