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Year ended 31 December 2007 compared to year ended 31 December 2006Total income. Total income increased by 18 per cent. to € 995 million compared to € 842 million in 2006. Theincrease was mainly due to the growth of the item other income, which includes the car-leasing activities ofthe acquisition of Athlon.Interest. Interest increased by 2 per cent. to € 518 million compared to € 507 million in 2006, mainly due tothe increase of the lending portfolio despite downward pressures on margins.Fees and commission. Fees and commission income increased in 2007 by € 3 million to € 52 millioncompared to € 49 million in 2006.Other income. The continued growth of the car-leasing activities was an important driver for the 49 per cent.growth in other income to € 425 million compared to € 286 million in 2006.Operating expenses. Total operating expenses were 20 per cent. higher in 2007, at € 594 million compared to€ 494 million in 2006.Staff costs. The greater part of the 21 per cent. increase in staff costs to € 369 million compared to € 305million in 2006 was the result of the acquisition of Athlon. Staff levels grew by 7 per cent. in 2007 to 4,411(2006: 4,128) full-time employees as a result of organic growth of the activities.Other administrative expenses. Other administrative expenses were 15 per cent. higher, at € 193 millioncompared to € 168 million in 2006. The rise is due to the acquisition of Athlon and autonomous growth.Depreciation. Depreciation was € 11 million higher at € 32 million compared with € 21 million in 2006.Value adjustments. The item value adjustments increased to € 100 million in 2007 compared to € 77 million in2006. This was associated with the growth of the lease portfolio and the greater portfolio share of consumercredits. This corresponds to 61 (2006: 53) basis points and is below the five-year average of 69 basis points.Taxation. Taxation in 2007 increased by € 2 million to € 67 million compared to € 65 million to 2006. Theincrease was due to a higher operating profit before taxation and was partly offset by a lower taxation rate inthe Netherlands.Net profit. Net profit was 14 per cent. higher at € 234 million compared to € 206 million in 2006.Real estateThe following table sets forth certain summarised financial information for Rabobank Group’s real estatebusiness for the years indicated:Year ended 31 December20082007(restated) 2007 2006(in millions of euro)Interest ............................................. 85 72 72 98Fees and commission....................... 31 1 1 1Other income ................................... 311 573 573 145Total income ................................... 427 646 646 244267