33 Commissions
34 Income from associates
36 Other results
35 Net income from financial assets and
liabilities at fair value through profit
or loss
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Capitalised interest attributable to qualifying assets amounted
to 21 (2014:21).The average interest rate applied in
determining interest charges to be capitalised ranges between
1.0% and 5.5% (2014: between 0.3% and 5.5%).
in millions of euros
Raboban k share of profit of associates
Discontinued/disposed interests in associates
Income from associates
The financial assets and liabilities listed in the above table are
combined into portfolios. Profits from these instruments must
be considered in conjunction with each other.Total income
from financial assets and liabilities at fair value through profit
or loss shows a balance of 276 (2014:2) in relation to changes
in the fair value of the other financial liabilities designated
at fair value that is attributable to changes in the credit risk
and hedge accounting.The changes in fair value of the other
financial liabilities designated at fair value that can be assigned
to the changes in Rabobank's credit risk is shown under Other
Segments and in the above table under Income for other
financial assets and liabilities at fair value through profit or
loss and derivatives used to cover the interest rate risk of the
other financial liabilities at fair value. The results relating to
the application of hedge accounting are shown under Other
Segments and in the above table under Results of financial
assets and liabilities held for trading and derivatives held or
issued for trading.
in millions of euros
2015
2014
Income from interest rate instruments
639
173
Income from equity instruments
(99)
82
Income from foreign currencies
64
(37)
Other
(1)
1
Total income from financial assets and liabilities at fair
value through profit or loss 603
219
in millions of euros
2015
2014
Real estate activities
282
184
Rental income
369
432
Other
215
494
Total other results
866
1,110
Income from real estate activities includes project income of
1,495 (2014:1,344), project charges of 1,253 (2014:1,122) and
impairments of-40 (2014: 38).
Rental income includes operating lease income and rental
income from investment properties. Operating lease income
includes income of 1,373 (2014:1,972), depreciation charges of
1,002 (2014: 914) and other costs of 9 (2014: 703). Rental income
from investment properties includes income of 50 (2014: 94),
depreciation of 11 (2014:10) and other costs of 32 (2014: 7).
in millions of euros
2015
2014
Income from financial assets and liabilities held for
trading and from derivatives held or issued for trading
164
600
Income from other financial assets and liabilities at fair
value through profit or loss and derivatives used to
hedge the interest rate risk of other financial liabilities
at fair value
599
(568)
Other
(160)
187
Total income from financial assets and liabilities at
fair value through profit or loss
603
219
in millions of euros 2015 2014
Fee and commission income
Asset management 44 69
Insurance commissions 325 326
Lending 545 455
Purchase and sale of other financial assets and
handling fees 433 402
Payment services 633 615
Custodial fees and securities services 7 10
Other commission income 90 198
Total fee and commission income 2,077 2,075
Fee and commission expense
Purchase and sale of other financial assets 8 28
Payment services 35 22
Custodial fees and securities services 11 17
Handling fees 35 40
Other commission expense 96 89
Total fee and commission expense 185 196
Net fee and commission income 1,892 1,879
2015 2014
352 139
14 6
366 145
236 Rabobank Annual Report 2015
