macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  118  Macquarie  Funds Group  $m  Corporate  and Asset  Finance $m  Banking and  Financial  Services  Group  $m  Note 3  Segment reporting  continued  (i) Operating segments  continued  The following is an analysis of the Consolidated Entity’s revenue and results by reportable segment for the financial year:  Net interest and trading income/(expense)  (23)  663  738  Fee and commission income/(expense)  1,720  36  576  Share of net profits of associates and joint ventures accounted for using  the equity method  103  2  1  Other operating income and charges  Impairment charges and provisions, net of recoveries  4  (85)  (47)  Other other operating income and charges  108  576  47  Internal management revenue/(charge)  16  15  5  Net operating income  1,928  1,207  1,320  Total operating expenses  (877)  (381)  (1,060)  Profit/(loss) before tax  1,051  826  260  Tax expense  –  –  –  Loss/(profit) attributable to non-controlling interests  –  –  –  Net profit/(loss) attributable to ordinary equity holders  1,051  826  260  Reportable segment assets  8,582  26,543  29,612  Net interest and trading income/(expense)  –  579  642  Fee and commission income/(expense)  1,442  41  645  Share of net profits/(losses) of associates and joint ventures accounted for using  the equity method  36  (3)  3  Other operating income and charges  Impairment charges and provisions, net of recoveries  (35)  (58)  (44)  Other other operating income and charges  55  485  36  Internal management revenue/(charge)  16  8  9  Net operating income  1,514  1,052  1,291  Total operating expenses  (760)  (358)  (1,048)  Profit/(loss) before tax  754  694  243  Tax expense  –  –  –  Loss/(profit) attributable to non-controlling interests  1  –  –  Net profit/(loss) attributable to ordinary equity holders  755  694  243  Reportable segment assets  9,137  23,405  26,073  Notes to the financial statements  for the financial year ended 31 March 2014  continued 