Consolidated statement of income
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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Consolidated statement of income
For the year ended 31 December
Amounts in millions of euros
Note
2017
2016'
Interest income
35
15,956
16,530
Interest expense
35
7,113
7,695
Net interest income
35
8,843
8,835
Fee and commission income
36
2,101
2,085
Fee and commission expense
36
186
259
Net fee and commission income
36
1,915
1,826
Income from other operating activities
37
2,347
3,034
Expenses from other operating activities
37
1,825
2,293
Net income from other operating activities2
37
522
741
Income from investments in associates and joint ventures
38
245
106
Gains/ (losses) on financial assets and liabilities at fair value through profit or loss
39
84
547
Gains/ (losses) on available-for-sale financial assets
12
158
87
Other income3
40
234
663
Income
12,001
12,805
Staff costs
41
4,472
4,680
Other administrative expenses
42
3,176
3,476
Depreciation
43
406
438
Operating expenses
8,054
8,594
Impairment losses on goodwill and investments in associates
13,14
700
Loan impairment charges
44
(190)
310
Regulatory levies
45
505
483
Operating profit before tax
3,632
2,718
Income tax
46
958
694
Net profit for the year
2,674
2,024
Of which attributed to Rabobank
1,509
749
Of which attributed to holders of Rabobank Certificates
484
387
Of which attributed to Capital Securities issued by Rabobank
586
762
Of which attributed to Capital Securities issued by subsidiaries
15
15
Of which attributed toTrust Preferred Securities III to IV
22
47
Of which attributed to other non-controlling interests
33
58
64
Net profit for the year
2,674
2,024
1 Prior-year figures adjusted due to changes in presentation (see note 2.1).
2 Presentation adjusted (see note 2.1).
3 Presentation adjusted (see note 2.1).
Rabobank Annual Report 2017 - Consolidated financial statements
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