Consolidated statement of income
For the year ended 31 December
In millions of euros
2010
2009
Interest income
19,928
19,795
Interest expense
11,314
11,720
Interest
8,614
8,075
Commission income
3,469
3,015
Commission expense
638
440
Commission
2,831
2,575
Income from associates
292
592
Net income from financial assets and liabilities at fair value through profit or loss
231
(422)
Gains on available-for-sale financial assets
105
138
Other income
643
1,476
Income
12,716
12,434
Staff costs
4,919
4,603
Other administrative expenses
2,706
2,908
Depreciation and amortisation
571
527
Operating expenses
8,196
8,038
Value adjustments
1,234
1,959
Operating profit before taxation
3,286
2,437
Income tax expense
514
229
Net profit
2,772
2,208
Of which attributable to Rabobank Nederland and local Rabobanks
1,846
1,395
Of which attributable to holders of Rabobank Member Certificates
303
318
Of which attributable to Capital Securities
460
308
Of which attributable toTrust Preferred Securities III to VI
73
78
Of which attributable to non-controlling interests
90
109
Net profit for the year
2,772
2,208
108
Annual Report 2010 Rabobank Group
