Statement of income
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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Statement of income
For the year ended 31 December
Amounts in millions of euros
Note
2017
2016
Interest income
21
14,393
14,970
Interest expense
21
8,585
9,434
Net interest income
21
5,808
5,536
Fee and commission income
22
1,818
1,888
Fee and commission expense
22
126
212
Net fee and commission income
22
1,692
1,676
Income from equity interests
23
2,344
2,017
Trading portfolio with external parties
(165)
241
Trading portfolio with group companies
(1,132)
(201)
Investment portfolio
263
214
Net income from financial transactions
(1/034)
254
Other results
343
514
Income
9,153
9,997
Staff costs
24
3,392
3,466
Other administrative expenses
2,259
2,895
Depreciation
337
342
Operating expenses
5,988
6,703
Impairment losses on investments in associates
700
Loan impairment charges
(172)
155
Regulatory levies
25
446
424
Operating profit before taxation
2,891
2,015
Income tax
26
275
55
Net profit
2,616
1,960
Rabobank Annual Report 2017 - Company financial statements
245
