Annual Report 2021
Financial statements
Company income statement
Company income statement
(in millions)Note20212020
Operating expenses6.11.3.19-135-160
Other expenses-99-61
Other income-5
Income from subsidiaries and investments
Share of result in subsidiaries6.11.3.41,109858
Investment income6.11.3.205198
Fair value gains and losses-2-2
Interest expense6.11.3.21-51-52
Result before tax874623
Income tax (expense) / gain6834
Net result942657

The share of result in subsidiaries is non-taxable as a result of the participation exemption under Dutch tax law.