Income statements  for the financial year ended 31 March 2014  Income statements  Notes  Consolidated 2014  $m  Consolidated 2013  $m  Company  2014  $m  Company  2013  $m  Interest and similar income  4,611  4,649  339  292  Interest expense and similar charges  (2,906)  (3,282)  (410)  (366)  Net interest income/(expense)  2  1,705  1,367  (71)  (74)  Fee and commission income  2  3,853  3,379  9  –  Net trading income  2  1,570  1,234  5  –  Share of net profits of associates and joint ventures  accounted for using the equity method  2  149  92  –  –  Other operating income and charges  2  855  585  1,109  1,262  Net operating income  8,132  6,657  1,052  1,188  Employment expenses  2  (3,736)  (3,273)  (4)  (3)  Brokerage, commission and trading-related expenses  2  (779)  (604)  –  –  Occupancy expenses  2  (382)  (390)  –  –  Non-salary technology expenses  2  (323)  (260)  –  –  Other operating expenses  2  (806)  (725)  (3)  (11)  Total operating expenses  (6,026)  (5,252)  (7)  (14)  Operating profit before income tax  2,106  1,405  1,045  1,174  Income tax (expense)/benefit  4  (827)  (533)  15  23  Profit after income tax  1,279  872  1,060  1,197  (Profit)/loss attributable to non-controlling interests:  Macquarie Income Securities  5  (18)  (21)  –  –  Macquarie Income Preferred Securities  5  (4)  (4)  –  –  Other non-controlling interests  8  4  –  –  Profit attributable to non-controlling interests  (14)  (21)  –  –  Profit attributable to ordinary equity holders  of Macquarie Group Limited  1,265  851  1,060  1,197  Cents per share  Basic earnings per share  6  383.6  251.2 Diluted earnings per share  6  369.2  246.1 The above income statements should be read in conjunction with the accompanying notes.  95 