EUR million 1 Jan−31 Dec 2021 1 Jan−31 Dec 2020
1 Interest income 981 857
2 Interest expenses -323 -126
3 NET INTEREST INCOME 658 731
4 Foreign exchange rate differences 5 36
5 Securities price differences 44 311
6 Valuation losses related to currencies and securities -28 -16
7 Change in foreign exchange rate and price difference provision -21 -331
NET RESULT OF FINANCIAL OPERATIONS, WRITE-DOWNS AND RISK PROVISIONS 658 731
8 Income and expenses on fees and commissions -5 -4
9 Net result of pooling of monetary income -483 -397
10 Share in ECB profit 7 17
11 Income from other equity shares and participating interests 9 23
CENTRAL BANKING PROFIT 186 371
12 Other income 44 46
Operating expenses -120 -118
13 Staff costs -61 -57
14 Pension fund contribution -10 -10
15 Administrative expenses -35 -33
16 Depreciation of fixed assets -9 -9
17 Banknote production services -5 -9
18 Other expenses -0 -0
OPERATING PROFIT 110 299
Profit for the pension fund – –
19 Income of the pension fund 31 31
20 Expenses of the pension fund -31 -31
21 Changes in provisions -58 -157
22 PROFIT FOR THE FINANCIAL YEAR 52 142
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