Consolidated income statement for the year ended 31 December 2008

  Note 2008
£m		 2007
£m		 2006
£m
Interest receivable   49,522 32,252 24,688
Interest payable   (30,847) (20,183) (14,092)
Net interest income 1 18,675 12,069 10,596
Fees and commissions receivable 2 9,831 8,278 7,116
Fees and commissions payable 2 (2,386) (2,193) (1,922)
(Loss)/income from trading activities 2 (8,477) 1,292 2,675
Other operating income (excluding insurance premium income) 2 1,899 4,833 3,564
Insurance net premium income 24 6,326 6,087 5,973
Non-interest income   7,193 18,297 17,406
Total income   25,868 30,366 28,002
Staff costs   10,241 7,338 6,723
Premises and equipment   2,593 1,703 1,421
Other administrative expenses   5,464 2,969 2,658
Depreciation and amortisation   3,154 1,932 1,678
Write-down of goodwill and other intangible assets   32,581 — —
Operating expenses 3 54,033 13,942 12,480
(Loss)/profit before other operating charges and impairment   (28,165) 16,424 15,522
Insurance net claims 24 4,430 4,624 4,458
Impairment 12 8,072 1,968 1,878
Operating (loss)/profit before tax   (40,667) 9,832 9,186
Tax 6 (2,323) 2,044 2,689
(Loss)/profit from continuing operations   (38,344) 7,788 6,497
Profit/(loss) from discontinued operations, net of tax 20 3,971 (76) —
(Loss)/profit for the year   (34,373) 7,712 6,497
(Loss)/profit attributable to:        
Minority interests   (10,832) 163 104
Other owners 7 596 246 191
Ordinary shareholders   (24,137) 7,303 6,202
    (34,373) 7,712 6,497

Per 25p ordinary share:		        
Basic earnings 10 (145.7p) 64.0p 54.4p

Diluted earnings		 10 (145.7p) 63.4p 53.9p

Dividends		 8 19.3p 27.0p 21.6p

The accompanying notes, the accounting policies and the audited sections of 'The Business Review: Risk, Capital and Liquidity Management' form an integral part of these financial statements.