Consolidated profit and loss account
68 Rabobank Group Annual Report 2005
Annual figures
For the year ended 31 December
In millions of euros
2005
2004
Interest income
22,101
18,580
Interest expense
15,694
12,385
Interest
6,407
6,195
Fee and commission income
2,639
2,294
Fee and commission expense
422
422
Fees and commission
2,217
1,872
Income from associates
226
99
Trading income
373
333
Net income from non-trading financial assets and liabilities
at fair value through profit and loss
20
(90)
Gains on available-for-sale financial assets
38
27
Income from Interpolis insurance business
353
214
Other
(271)
572
Income
9,363
9,222
Staff costs
3,880
3,683
Other administrative expenses
1,953
2,173
Depreciation and amortisation
331
321
Operating expenses
6,164
6,177
Value adjustments
517
479
Operating profit before taxation
2,682
2,566
Taxation
599
773
Net profit for the year
2,083
1,793
Of which attributable to Rabobank Nederland and local Rabobanks
1,577
1,392
Of which attributable to holders of Rabobank Member Certificates
211
217
Of which attributable to Trust Preferred Securities III to VI
111
20
Of which attributable to minority interests
184
164
Net profit for the year
2,083
1,793
