Consolidated
profit and loss account
Annual figures 71
(in EUR millions)
2003
2002
Income
Interest income
17,794
18,265
Interest expense
11,784
12,874
Interest
6,010
5,391
Income from securities and participating interests
519
529
Commission income
2,146
2,049
Commission expense
294
254
Commission
1,852
1,795
Results on financial transactions
170
285
Other income
687
564
Total income
9,238
8,564
for 2003
Expenses
Staff costs
3,770
3,682
Other administrative expenses
2,101
1,789
Staff costs and other administrative expenses
5,871
5,471
Depreciation
372
368
Operating expenses
6,243
5,839
Value adjustments to receivables
575
500
Value adjustments to financial fixed assets
18
252
Total expenses
6,836
6,591
Operating profit before taxation
2,402
1,973
Taxation on operating profit
733
514
Operating profit/Group profit after taxation
1,669
1,459
Third-party interests
266
209
Net profit
1,403
1,250
