Consolidated statement of income
For the year ended 31 December
In millions of euros
2013
2012
Interest income
19,756
21,965
Interest expense
10,663
12,794
Interest
9,093
9,171
Commission income
2,194
2,577
Commission expense
194
349
Commission
2,000
2,228
Income from associates
157
255
Net income from financial assets and liabilities at fair value through profit or loss
232
872
Gains (losses) on available-for-sale financial assets
56
132
Other results
1,482
958
Income
13,020
13,616
Staff costs
5,325
5,494
Other administrative expenses
3,912
2,982
Depreciation
528
527
Operating expenses
9,765
9,003
Value adjustments
2,643
2,350
Bank tax
197
196
Operating profit before taxation
415
2,067
Taxation
68
158
Net profit from continuing operations
347
1,909
Net profit from discontinued operations
1,665
149
Net profit
2,012
2,058
Of which attributable to Rabobank Nederland and local Rabobanks
929
843
Of which attributable to holders of Rabobank Member Certificates
309
328
Of which attributable to Capital Securities
655
717
Of which attributable to Trust Preferred Securities III to VI
67
75
Of which attributable to other non-controlling interests
52
95
Net profit for the year
2,012
2,058
142 Annual Report 2013 Rabobank Group
