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Notes to the<br />
Profit and Loss Account<br />
2003 <strong>2004</strong> Change 1<br />
EUR million EUR million EUR million %<br />
1 Net interest income 467.087 448.611 —18.476 —4.0<br />
2 Net result of financial operations,<br />
writedowns and risk provisions 344.764 215.157 —129.607 —37.6<br />
3 Net expense/income from fees and commissions 0.250 0.988 +0.738 +295.3<br />
4 Income from equity shares and participating interests 100.664 21.096 —79.568 —79.0<br />
5 Net result of pooling of monetary income 11.120 —30.872 —41.992 —377.6<br />
6 Other income 8.120 7.507 —0.613 —7.6<br />
Total net income 932.005 662.487 —269.518 —28.9<br />
7 Staff costs —98.084 —98.035 —0.049 —0.1<br />
8 Administration expenses —94.049 —89.902 —4.147 —4.4<br />
9 Depreciation of tangible and intangible fixed assets —13.903 —16.182 +2.279 +16.4<br />
10 Banknote production services —11.314 —7.157 —4.157 —36.7<br />
11 Other expenses —2.077 —0.393 —1.684 —81.1<br />
Total expenses —219.427 —211.669 —7.758 —3.5<br />
Operating profit 712.578 450.818 —261.760 —36.7<br />
12 Corporate income tax —242.276 —153.278 —88.998 —36.7<br />
470.302 297.540 —172.762 —36.7<br />
13 Central governmentÕs share of profit —423.271 —267.786 —155.485 —36.7<br />
14.1 Net income 47.031 29.754 —17.277 —36.7<br />
14.2 Profit brought forward 0.177 — —0.177 —100.0<br />
14 Profit for the year 47.208 29.754 —17.454 37.0<br />
1 Absolute increase (+) or decrease (—) in the respective income or expense item.<br />
Financial Statements<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2004</strong> ×<br />
111