Consolidated statement of income
-
For the year ended 31 December
In millions of euros
2014
2013
Interest income
18,638
19,707
Interest expense
9,520
10,612
Interest
9,118
9,095
Commission income
2,075
2,189
Commission expense
196
188
Commission
1,879
2,001
Income from associates
81
79
Net income from financial assets and liabilities at fair value through profit or loss
219
232
Gains (losses) on available-for-sale financial assets
418
56
Other results
1,142
1,567
Income
12,857
13,030
Staff costs
5,086
5,322
Other administrative expenses
2,532
3,910
Depreciation
437
528
Operating expenses
8,055
9,760
Value adjustments
2,633
2,643
Bank tax and resolution levy
488
197
Operating profit before taxation
1,681
430
Taxation
(161)
88
Net profit from continuing operations
1,842
342
Net profit from discontinued operations
1,665
Net profit
1,842
2,007
Of which allocable to Rabobank Nederland and local Rabobanks
620
929
Of which allocable to holders of Rabobank Certificates
385
309
Of which allocable to Capital Securities
705
655
Of which allocable to Trust Preferred Securities III to VI
74
67
Of which allocable to other non-controlling interests
58
47
Net profit for the year
1,842
2,007
148 Annual Report 2014 Rabobank Group
