annual report - Hypo Real Estate Holding AG
annual report - Hypo Real Estate Holding AG
annual report - Hypo Real Estate Holding AG
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Group Accounts<br />
Consolidated income statement<br />
88<br />
Note Year ended 31 December<br />
2007 2006<br />
€ m € m<br />
Interest and similar income 6 6,826 5,597<br />
Interest expense and similar charges 6 -6,517 -5,283<br />
Net interest income 309 314<br />
Fee and commission income 7 49 40<br />
Fee and commission expense 7 -7 -6<br />
Net fee and commission income 42 34<br />
Net trading income 8 -50 141<br />
Gains less losses from financial assets 9 218 159<br />
Other operating income 10 10 2<br />
Total operating income 529 650<br />
Operating expenses 11 -372 -200<br />
Net operating profit before impairment losses 157 450<br />
Impairment losses on loans and advances - -<br />
Operating Profit / Profit before taxation 157 450<br />
Taxation 13 -29 -107<br />
Profit for the year continuing operations 128 343<br />
Operating result from discontinued operations 14 204 183<br />
Loss on disposal of discontinued operations 14 -23 -<br />
Result from discontinued operations 181 183<br />
Profit for the year 309 526<br />
Attributable to:<br />
Equity holders of the parent 309 526<br />
The notes on pages 95 to 185 are an integral part of these consolidated financial statements.<br />
Georg Funke John Bourke Angus Cameron Elaine Tiernan<br />
Director Director Director Company Secretary<br />
25 March 2008
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