Consolidated Financial Statements

Consolidated Income Statement

Consolidated Income Statement
		2007	2006
	Notes	€ M	€ M
Interest income		1,298	997
Interest expense		-1,048	-755
Net interest income	33	250	242
Share of the profit or loss of associates and joint ventures accounted
for using the equity method	34	81	47
Provision for loan losses	35	-10	-2
Net interest income after provision for loan losses		321	287
Commission income		914	759
Commission expense		-281	-231
Net commission income	36	633	528
Net trading income	37	-152	210
Result from hedge accounting	38	-1	-2
Result from fair value option	39	116	-57
Net income/(loss) from non-current financial assets	40	317	118
Administrative expenses	41	-929	-782
Other operating income and expenses, net	42	28	7
Profit/(loss) from operating activities		333	309
Income taxes	43	-78	-68
Net income/(loss) for the period		255	241
Share of the profit attributable to minority interests		-5	-7
Net income for the period after share of the profit attributable to minority		250	234