Consolidated statement of income
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Consolidated statement of income
For the year ended 31 December
in millions of euros 2015 2014
Interest income 17,593 18,638
Interest expense 8,454 9,520
Net interest income 9,139 9,118
Fee and commission income 2,077 2,075
Fee and commission expense 185 196
Net fee and commission income 1,892 1,879
Income from associates 366 145
Net income from financial assets and liabilities at fair value through profit or loss 603 219
Gains/(losses) on available-for-sale financial assets 148 418
Other results 866 1,110
Income 13,014 12,889
Staff costs 4,786 5,086
Other administrative expenses 2,916 2,532
Depreciation 443 437
Operating expenses 8,145 8,055
Impairment losses on goodwill 623 32
Loan impairment charges 1,033 2,633
Regulatory levies 344 488
Operating profit before taxation 2,869 1,681
Taxation 655 (161)
Net profit 2,214 1,842
Of which attributed to Rabobank and local Rabobanks 880 620
Of which attributed to holders of Rabobank Certificates 387 385
Of which attributed to Capital Securities 809 705
Of which attributed to Trust Preferred Securities III to VI 63 74
Of which attributed to other non-controlling interests 75 58
Net profit for the year 2,214 1,842
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Consolidated annual results
