Consolidated Income Statement
| 2008 | 2007 | ||
| Notes | € M | € M | |
| Interest income | 1,381 | 1,297 | |
| Interest expense | -1,037 | -1,048 | |
| Net interest income | 32 | 344 | 249 |
| Share of the profit or loss of associates and joint ventures accounted for using the equity method | 33 | 44 | 81 |
| Provision for loan losses | 34 | -1 | -10 |
| Net interest income after provision for loan losses | 387 | 320 | |
| Commission income | 844 | 909 | |
| Commission expense | -271 | -280 | |
| Net commission income | 35 | 573 | 629 |
| Net trading income/(loss) | 36 | -71 | -152 |
| Result from hedge accounting | 37 | -3 | -1 |
| Result from fair value option | 38 | -221 | 116 |
| Net income/(loss) from non-current financial assets | 39 | 96 | 327 |
| Administrative expenses | 40 | -906 | -918 |
| Other operating income and expenses, net | 41 | 8 | 26 |
| Profit/(loss) from operating activities in continuing operations | -137 | 347 | |
| Profit/(loss) from operating activities in discontinued operations | 43 | -7 | -14 |
| Profit/(loss) from operating activities | -144 | 333 | |
| Income taxes from continued operations | 42 | 26 | -78 |
| Income taxes from discontinued operations | 1 | 0 | |
| Net income/(loss) for the period | -117 | 255 | |
| Share of the profit attributable to minority interests | -13 | -5 | |
| Net income/(loss) for the period after share of the profit attributable to minority interests | -130 | 250 |
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