Consolidated statement of income
Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Consolidated statement of income
For the year ended 31 December
Amounts in millions of euros
Note
2016
20151
Interest income
34
16,438
17,593
Interest expense
34
7,695
8,454
Net interest income
34
8,743
9,139
Fee and commission income
35
2,177
2,127
Fee and commission expense
35
259
235
Net fee and commission income
35
1,918
1,892
Income from investments in associates and joint ventures
36
106
351
Gains/ (losses) on financial assets and liabilities at fair value through profit or loss
37
547
603
Gains/ (losses) on available-for-sale financial assets
12
87
148
Other net operating income
38
1,404
881
Income
12,805
13,014
Staff costs
39
4,521
4,786
Other administrative expenses
40
3,635
2,916
Depreciation
41
438
443
Operating expenses
8,594
8,145
Impairment losses on goodwill and investments in associates
13,14
700
623
Loan impairment charges
42
310
1,033
Regulatory levies
43
483
344
Operating profit before tax
2,718
2,869
Income tax
44
694
655
Net profit
2,024
2,214
Of which attributed to Rabobank
749
880
Of which attributed to holders of Rabobank Certificates
387
387
Of which attributed to Capital Securities issued by Rabobank
762
794
Of which attributed to Capital Securities issued by subisidiaries
15
15
Of which attributed to Trust Preferred Securities III to IV
47
63
Of which attributed to other non-controlling interests
33
64
75
Net profit for the year
2,024
2,214
1 Prior-year figures adjusted due to changes in presentation (see note 2.1).
172 Rabobank Jaarverslag 2016
