Consolidated profit and loss account
For the year ended 31 December
In millions of euros
2006
2005
Interest income
25,059
19,716
Interest expense
18,587
13,455
Interest
6,472
6,261
Fee and commission income
2,741
2,482
Fee and commission expense
445
422
Fees and commission
2,296
2,060
Income from associates
556
579
Net income from financial assets and liabilities at fair value
through profit and loss
246
(146)
Gains on available-for-sale financial assets
7
38
Other
472
571
Income
10,049
9,363
Staff costs
4,117
3,880
Other administrative expenses
2,429
2,031
Depreciation and amortisation
341
331
Operating expenses
6,887
6,242
Value adjustments
450
517
Operating profit before taxation
2,712
2,604
Taxation
367
521
Net profit
2,345
2,083
Of which attributable to Rabobank Nederland and local Rabobanks
1,757
1,577
Of which attributable to holders of Rabobank Member Certificates
277
211
Of which attributable to Trust Preferred Securities III to VI
110
111
Of which attributable to minority interests
201
184
Net profit for the year
2,345
2,083
100 Rabobank Group Annual Report 2006
