Statement of comprehensive income
1 January–31 December

EUR 1,000	Note	2010		2009
Interest income			429,649	603,038
Interest expense			-195,999	-384,040
Net interest income	(1), (2), (22)		233,650	218,998

Commission income and fees received	(3)		12,070	8,909
Commission expense and fees paid			-2,423	-2,843
Net profit/loss on financial operations	(4)		39,317	177,754
Foreign exchange gains and losses			2,822	-733
Operating income			285,436	402,085

Expenses
General administrative expenses	(5), (22)		31,381	30,601
Depreciation	(9), (10)		4,735	5,074
Impairment of loans	(6), (8)		38,489	42,511
Total expenses			74,604	78,186

PROFIT/LOSS FOR THE YEAR			210,832	323,900

Value adjustments on the available-for-sale portfolio			514	-3,533
Total comprehensive income			211,346	320,367

The Nordic Investment Bank's accounts are kept in euro.

Statement of comprehensive income1 January–31 December