- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3 Level 3 of the financial assets at fair value includes private equity interests. Private equity interests amount to 488. A significant unobservable input forthe valuation of these interests is the multiplier which is applied to the EBITDA. The average weighted multiplier is 6.0, with a bandwidth of-1 and +1 of the multiplier. in millions of euros Balance on 1 January 2016 Fair value changes incorporated in profit or loss Fair value changes incorporated in OCI Purchases Sales Settlements Transfers to or from level 3 Balance on 31 December 2016 Assets Financial assets held for trading 126 (11) 3 (34) 5 89 Financial assets designated at fair value 985 (20) 98 (575) 26 514 Derivatives 765 420 (650) 535 Available-for-sale financial assets 594 18 (51) 280 (299) (2) 540 Liabilities Derivatives 688 527 (2) (700) 11 524 Financial liabilities designated at fair value 24 (1) (10) 13 The table shows movements in the financial instruments which are stated at fair value in the statement of financial position and which are classified in Level 3.The fair value adjustments in Level 3 which are included in equity are accounted for in the revaluation reserves for available-for-sale financial assets. In 2016 there were no significant transfers between level 1 and level 2. in millions of euros Balance on 1 January 2015 Fair value changes incorporated in profit or loss Fair value changes incorporated in OCI Purchases Sales Settlements Transfers to or from level 3 Balance on 31 December 2015 Assets Financial assets held for trading 129 (23) 20 126 Financial assets designated at fair value 1,733 180 47 (974) (1) 985 Derivatives 1,123 440 (833) 35 765 Available-for-sale financial assets 991 143 (52) 49 (420) (81) (36) 594 Liabilities Derivatives 1,082 470 (1) (838) (25) 688 Financial liabilities designated at fair value 46 2 (22) (2) 24 207 Notes to the consolidated financial statements

Rabobank Bronnenarchief

Jaarverslagen Rabobank | 2016 | | pagina 208