3.5 Accounting and risk principles
3.6 Enhanced Disclosure Task Force (EDTF)
recommendations
Inhoudsopgave Bestuursverslag Corporate governance
Rabobank controls an entity if Rabobank has power over
the investee, exposure or rights to variable returns from its
involvement with the investee and has the ability to use its
power to affect the amount of the investor's returns. All entities
that are controlled by Rabobank are fully consolidated.
Subsidiaries are consolidated from the date on which
effective control is transferred to Rabobank and are no longer
consolidated from the date that control ceases.
Investments in associates (investments in which Rabobank has
a significant influence, but which it does not control, generally
holding between 20% and 50% of the voting rights) and joint
ventures are accounted for using the equity method under IFRS.
Regulatory reporting scope
The consolidation scope forthe purpose of calculating
Regulatory Capital is generally the same as the consolidation
scope under IFRS.The entities in the regulatory reporting scope
that are consolidated are listed in appendix 14.5 'Entities in
the scope of CRR (CRD IV)'.The aggregate amount by which
the actual own funds are less than the required minimum in
subsidiaries not included in the consolidation scope is nil.
Direct and indirect holdings of the capital of financial
sector entities that are deducted or risk-weighted
Rabobank deducts or risk weights the following entities with
a total amount of 3,050:
Achmea B.V.
Banco Terra
Banco Cooperativo Sicredi
Banque Populaire du Rwanda
Development Finance Company of Uganda Bank
Equens
Grupo Finterra
LSVP VI Cayman Trust
National Microfmance BankTanzania
Paraguay Banco Regional
Van Lanschot N.V.
Zambia National Commercial Bank
Legal merger
After discussions between:
1. Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
Amsterdam;
2. The co-operative member banks of Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A.
Jaarrekening Rabobank Groep Jaarrekening Rabobank
decided at the respective meetings of the members'councils
of the banks concerned (2) on 2 December 2015 and at
the General Meeting of Coöperatieve Centrale Raiffeisen-
Boerenleenbank B.A. on 9 December 2015 to enter into a legal
merger as of 1 January 2016.
One of the consequences of the decisions taken was that
the former bank (1) received the assets of the banks referred
to (2) under universal title and the banks referred to (2) ceased
to exist.
During the aforementioned General Meeting, the bank (1), in
connection with the merger, decided to change its name to
Coöperatieve Rabobank U.A. as of 1 January 2016.
The accounting principles are in accordance with IFRS as
adopted by the EU and are described in the Consolidated
Financial Statements 2015 of Rabobank Group.
The risk principles are set out in the relevant risk sections.
Unless otherwise stated, all amounts are in millions of euros.
The Enhanced Disclosure Task Force (EDTF), established by the
Financial Stability Board (FSB), presented recommendations
to improve the transparency of reporting by banks. Rabobank
embraces the EDTF principles except where the disclosure
is to be classified as proprietary or if the disclosure is not
relevant for Rabobank. Annex IV contains an overview of
the 32 recommendations ofthe EDTF.This overview also
includes a reference to the documents and pages where
the recommendations are discussed. As such, the EDTF
recommendations are discussed in the Annual Report 2015,
the Consolidated Financial Statements 2015 or this Capital
Adequacy and Risk Management Report 2015.
321 3. Rabobank Group
