Annual Report 2004

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