Statement of Comprehensive Income

Note Discretionary
portfolio
1 Jan
2015 to
31 Dec
€'m		 Discretionary
portfolio
22 Dec
2014 to
31 Dec
€'m		 Directed
portfolio
1 Jan
2015 to
31 Dec
€'m		 Directed
portfolio
22 Dec
2014 to
31 Dec
€'m		 Total
1 Jan
2015 to
31 Dec
2015
€'m		 Total
22 Dec
2014 to
31 Dec
2014
€'m
Income
Interest income 4 49 1 0 0 49 1
Dividend income 4 38 2 446 - 484 2
Private equity, property and other income 4 34 0 - - 34 0
Net gain / (losses) on financial assets and liabilities at fair value through profit or loss 8 (31) 10 2,338 4 2,307 14
Net investment income 90 13 2,784 4 2,874 17
Expenses
Operating expenses 5 (15) (1) (0) (0) (15) (1)
Profit for the financial period before tax 75 12 2,784 4 2,859 16
Taxation 6 (6) 0 - - (6) 0
Profit for the financial period 69 12 2,784 4 2,853 16

The accompanying notes form an integral part of the financial statements.

On behalf of the Agency

Conor O'Kelly, Chief Executive
National treasury Management Agency

Willie Walsh, Chairperson
National Treasury Management Agency

24 May 2016