Corporate
Center
The SBU Corporate Center comprises NIBCapital’s support services: Human Resources, ICT, Finance, Legal and Fiscal Affairs, Internal Audit, Compliance, Facilities & Services and Corporate Secretariat & Communications. Attributable income and expenses are charged to the other SBUs.
The key performance criteria for Corporate Center are quality of services, business alignment and cost control.

The operating income of the Corporate Center is derived from interest on non-allocated economic capital and non attributable income. The decrease in 2004 is due to lower internal interest rates, the lower average capital base of NIBCapital and an impairment in the value of a strategic partnership. Provisions in 2004 include the indemnification of investors in an investment product. The decrease in expenses for support & services is the result of tight cost control and rationalisation of processes. The increase in non-attributable expenses stemmed fully from expenses for the introduction of IFRS in 2005. In 2003 non-attributable expenses included one-off relocation costs of Corporate Finance to our offices in The Hague.