ECB Annual Report 2005 195

Other miscellaneous income during the year arose principally from the transfer of unused administrative provisions to the Profit and Loss Account .

Interest income

Interest income ( ) 1.2 .

( 73,609,623 )

Other interest income 1.1 .

Net income from fees and commissions ( 2 ) Income from equity shares and participating interests Other income Total net income 6 .

Balances with banks , security investments and loans 4.2 .

Fees and commissions income 3.2 .

Fees and commissions income Fees and commissions expense 3 .

349,179,481 214,415,162 In 2009 income under this heading consisted of penalties imposed on credit institutions for non compliance with the minimum reserve requirements .

Fees and commissions income Fees and commissions expense 3 .

( 2,164,000 ) ( 31,999,743 ) ( 3,774,314 )

Net income from fees and commissions

Interest income on foreign reserve assets 1.1.2 .

2001 Euros Income from fees and commissions Expenses relating to fees and commissions Net income from fees and commissions 931,206 ( 633,086 ) 298,120 2000 Euros 1,296,112 ( 622,614 ) 673,498

In the first instance , these costs are borne centrally by the ECB .

Interest of Euros 0.2 million was due on deferred payments of capital subscriptions from participating NCBs .

2000 Euros Income from fees and commissions Expenses relating to fees and commissions Net income from fees and commissions 1,296,112 ( 622,614 ) 673,498 1999 Euros 593,902 ( 361,702 ) 232,200

Income from fees and commissions Expenses relating to fees and commissions Net expense from fees and commissions

Interest expense Net interest income

Income arose from penalties imposed on credit institutions for noncompliance with the minimum reserve requirements .

Monetary income

The increase in income in 2006 reflected both the

Intra Eurosystem income sharing is limited to monetary income

2 Net result of financial operations , write downs and risk provisions 3 Net income from fees and commissions 4 Other income Total net income 5 Staff costs 6 Administrative expenses 7 Depreciation of tangible and intangible fixed assets Profit for the year 6 7 8 4 5 1,351,881,733 298,120 1,393,851 2,124,963,526 ( 97,288,818 ) ( 185,712,394 )

Interest income realised in connection with the disposal of certain securities is now presented under the net interest income caption of the Profit and Loss Account .

administrative provisions to the profit and loss account .

Other interest income and Other interest expense These positions include interest income and expenses on balances arising from TARGET and in respect of other assets and liabilities denominated in euro .

Other interest income and Other interest expenses These positions include interest income and expenses on balances arising from TARGET and in respect of other assets and liabilities denominated in euro .

Other interest income and Other interest expense These items include interest income of Euros 1.6 billion ( 2004 Euros 1.2 billion ) and expenses of Euros 1.5 billion ( 2004 Euros 1.1 billion ) on balances arising from TARGET .

( c ) Other intra Eurosystem claims that may arise , including the interim distribution of ECB income on euro banknotes to NCBs 9 .

( c ) other intra Eurosystem claims that may arise , including the interim distribution of ECB income on euro banknotes to NCBs ( )

The following special rules shall apply to securities

NET EXPENSE FROM FEES AND COMMISSIONS 2007 Euros 2006 Euros 338,198 ( 884,678 ) ( 546,480 ) Change Euros ( 74,758 ) ( 453 ) ( 75,211 )

( c ) income shall be recorded gross with refundable withholding and other taxes accounted for separately

( b ) Claim due to the difference between monetary income to be pooled and redistributed .

( b ) Liability due to the difference between monetary income to be pooled and redistributed .

They shall not be treated as part of the average cost of a particular asset ( c ) income shall be recorded gross with refundable withholding and other taxes accounted for separately

Calculation and allocation of monetary income 1 .

This item consists of the following income and expenses .

In addition , prices of processed food exerted further pressures on this component as a result of delayed effects of earlier increases in unprocessed food prices .

Preparatory work is under way on the method of calculation of monetary income to ensure an equitable , controllable and transparent system .

This includes the competence to take account of other factors when deciding on the allocation of income resulting from the write off of euro banknotes that have been withdrawn from circulation .

Salaries , allowances , staff insurance and other miscellaneous costs of Euros 141.7 million ( 2006 Euros 133.4 million ) are included under this heading .