Notes to the Statement of Income
22. Net Fee and Commission Income
27. Net Interest Income
-
-
23. Income from Equity Interests
-
-
24. Staff Costs
25. Regulatory Levies
About this
Report
Chairman's
Foreword
Management Report Appendices
Corporate
Governance
Consolidated Financial
Statements
Company Financial
Statements
Amounts in millions of euros
Equity of Rabobank according to Part 9 of Book 2 of the
Dutch Civil Code
2018
41,366
2017
38,741
A component of the equity of Rabobank Group: Trust
389
394
Amounts in millions of euros
2018
2017
Preferred Securities IV
Fee and commission income
A component of the equity of Rabobank Group: Other non-
481
475
Payment services
698
668
controlling interests
Lending
512
492
Total group equity under IFRS, as presented in
42,236
39,610
Purchaseand saleof other financial assets and handlino fees 304
312
consolidated financial statements
Insurance commissions
274
267
Other commission income - group companies
7
21
Other commission income
61
58
Total fee and commission income
1,856
1,818
Amounts in millions of euros
2018
2017
Interest income
Fee and commission expense
Cash and cash equivalents
341
269
Payment services
52
60
Loans and advances to credit institutions
515
549
Handling fees
39
21
Loans and advances to customers
11,007
10,863
Custodial fees and securities services
9
10
Derivatives used for fair value hedge-accounting
(320)
(414)
Purchaseand sale of other financial assets
Available-for-sale financial assets
n/a
885
Other commission expense - group companies
16
14
Financial assets at fair value through other comprehensive
778
n/a
Other commission expense
19
21
income
Total fee and commission expense
135
126
Interest incomefrom financial assets using the effective
12,321
12,152
Net fee and commission income
1,721
1,692
interest method
Financial assets held for trading
36
38
Derivatives held as economic hedges
1,504
2,014
Financial assets designated at fair value
26
Financial assets mandatorily at fair value
26
n/a
Amounts in millions of euros
2018
2017
Interest income on financial liabilities with a negative
172
158
interest rate
Dividend incomefrom shares
5
20
Other
11
5
Results from interests in group
companies
1,816
2,288
Other interest income
1,749
2,241
Results from other equity investments
68
35
Total interest income
14,070
14,393
Results from disposed interests
1
Total income from equity interests
1,889
2,344
Interest expense
Deposits from credit institutions
145
370
Deposits from customers
4,090
3,783
Debt securities in issue
2,896
2,904
Financial liabilities held for trading
10
21
Amounts in millions of euros
2018
2017
Financial liabilities designated at fair value
199
461
Wages and salaries
2,006
2,084
Subordinated liabilities
729
756
Social security contributions and insurance
Interest expense on financial assets with a negative interest
271
297
costs
249
222
rate
Pension costs
349
520
Other
(7)
(7)
Other staff costs
629
566
Total interest expense
8,333
8,585
Total staff costs
3,233
3,392
Net interest income
5,737
5,808
The average number of internal and external employees 34,400
(2017: 36,503), of which outside the Netherlands 3,340 2017:
3,106). Expressed in FTEs, the average number of internal and
external employees was 32,330 (2017: 34,043).
The regulatory levies consist of bank tax, bank levies and
contributions to the Single Resolution Fund and the Deposit
Guarantee Scheme.
Annual Report 2018 - Company Financial Statements
232
