Contents
Inhoudsopgave Voorwoord Bestuursverslag Corporate governance
Consolidated Financial Statements Company Financial Statements Pillar 3
General information 170
Consolidated statement of financial position 171
Consolidated statement of income 172
Consolidated statement of comprehensive income 173
Consolidated statement of changes in equity 174
Consolidated statement of cash flows 175
Notes to the consolidated financial statements 176
1 Corporate information 176
2 Accounting policies 176
3 Solvency and capital management 192
4 Risk exposure on financial instruments 193
5 Business segments 211
6 Cash and balances at central banks 217
7 Loans and advances to banks 217
8 Financial assets held for trading 217
9 Financial assets designated at fair value 218
10 Derivatives 218
11 Loans and advances to customers 221
12 Available-for-sale financial assets 222
13 Investments in associates and joint ventures 222
14 Goodwill and other intangible assets 224
15 Property and equipment 225
16 Investment properties 225
17 Other assets 225
18 Non-current assets held for sale 226
19 Deposits from banks 226
20 Deposits from customers 226
21 Debt securities in issue 226
22 Financial liabilities held fortrading 227
23 Financial liabilities designated at fair value 227
24 Other liabilities 227
25 Provisions 227
26 Deferred taxes 228
27 Employee benefits 229
28 Subordinated liabilities 230
29 Contingent liabilities 230
30 Reserves and retained earnings 231
31 Rabobank Certificates 232
32 Capital Securities and Trust Preferred Securities III to IV 232
33 Other non-controlling interests 234
34 Net interest income 235
35 Net fee and commission income 235
36 Income from investments in associates
and joint ventures 235
37 Gains/ (losses) on financial assets and liabilities
at fair value through profit or loss 235
38 Other net operating income 236
39 Staff costs 236
40 Other administrative expenses 237
41 Depreciation 237
42 Loan impairment charges 238
43 Regulatory levies 238
44 Taxes 238
45 Transactions with related parties 238
46 Costs of external auditor 239
47 Remuneration of the Supervisory Board and
the Executive Board 239
48 Main subsidiaries 241
49 Transfer of financial assets and financial assets
provided as collateral 242
50 Structured entities 242
51 Events after the reporting period 244
52 Management report on internal control over
financial reporting 244
53 Approval of the Supervisory Board 244
Independent auditor's report 245
Independent Auditor's Assurance Report 253
169
Contents