EUR million 1 Jan−31 Dec 2020 1 Jan−31 Dec 2019
1 Interest income 857 797
2 Interest expenses -126 -41
3 NET INTEREST INCOME 731 755
4 Foreign exchange rate differences 36 3
5 Securities price differences 311 26
6 Valuation losses related to currencies and securities -16 -3
7 Change in foreign exchange rate and price difference provision -331 -24
NET RESULT OF FINANCIAL OPERATIONS, WRITE-DOWNS AND RISK PROVISIONS 731 757
8 Income and expenses on fees and commissions -4 -4
9 Net result of pooling of monetary income -397 -292
10 Share in ECB profit 17 7
11 Income from other equity shares and participating interests 23 29
CENTRAL BANKING PROFIT 371 497
12 Other income 46 42
Operating expenses -118 -114
13 Staff costs -57 -54
14 Pension fund contribution -10 -10
15 Administrative expenses -33 -35
16 Depreciation of fixed assets -9 -9
17 Banknote production services -9 -6
18 Other expenses -0 -0
OPERATING PROFIT 299 425
Profit for the pension fund – –
19 Income of the pension fund 31 30
20 Expenses of the pension fund -31 -30
21 Changes in provisions -157 -105
22 PROFIT FOR THE FINANCIAL YEAR 142 320
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