Annual Report 2021
Financial statements
6.11.2
Company income statement
Company income statement
(in € millions)Note20212020
Operating expenses6.11.3.19-135-160
Impairments​--64
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 tax​874623
​​​​
Income tax (expense) / gain​6834
Net result​942657

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