EUR million 1 Jan−31 Dec 2019 1 Jan−31 Dec 2018
1 Interest income 797 724
2 Interest expenses -41 -27
3 NET INTEREST INCOME 755 697
4 Foreign exchange rate differences 3 11
5 Securities price differences 26 -90
6 Valuation losses related to currencies and securities -3 -31
7 Change in foreign exchange rate and price difference provision -24 41
NET RESULT OF FINANCIAL OPERATIONS, WRITE-DOWNS AND RISK PROVISIONS 757 628
8 Income and expenses on fees and commissions -4 -4
9 Net result of pooling of monetary income -293 -242
10 Provision against losses in monetary policy operations 1 -2
11 Share in ECB profit 7 5
12 Income from other equity shares and participating interests 29 25
CENTRAL BANKING PROFIT 497 410
13 Other income 42 35
Operating expenses -114 -109
14 Staff costs -54 -48
15 Pension fund contribution -10 -10
16 Administrative expenses -35 -38
17 Depreciation of fixed assets -9 -12
18 Banknote production services -6 -2
19 Other expenses -0 -0
OPERATING PROFIT 425 335
Profit for the pension fund – –
20 Income of the pension fund 30 30
21 Expenses of the pension fund -30 -30
22 Changes in provisions -105 -105
23 PROFIT FOR THE FINANCIAL YEAR 320 230
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