-
79 Deposits from banks
78 Non-current assets held for sale
20 Deposits from customers
2 7 Debt securities in issue
Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
In 2016, the net realisable value ofall current land operations,
sites not subject to a zoning plan and equalisation funds
was calculated and compared with the carrying amount.
This resulted in a transfer to provisions of a total of 7 (2015:-2).
Balance on
Withdrawals/
Balance on
in millions of euros
1 January 2016
Additions/release
other changes
31 December 2016
Movements in provisions for real estate projects
Building sites and equalisation funds
633
7
(47)
593
Work in progress
153
(9)
(11)
133
Completed developments
4
4
8
Total
790
2
(58)
734
Balance on
Withdrawals/
Balance on
in millions of euros
1 January 2015
Additions/release
other changes
31 December 2015
Movements in provisions for real estate projects
Building sites and equalisation funds
669
(2)
(34)
633
Work in progress
116
5
32
153
Completed developments
60
(21)
(35)
4
Total
845
(18)
(37)
790
Work in progress
in millions of euros
2016
2015
Residential property in preparation and under
construction
660
686
Commercial property in development and under
construction
85
108
Instalments invoiced in advance - residential
property
(255)
(276)
Instalments invoiced in advance - commercial
property
68
(30)
Total work in progress
558
488
in millions of euros 2016 2015
Demand deposits 905 2,040
Fixed-term deposits 20,619 16,146
Repurchase agreements 418 581
Miscellaneous liabilities to other banks 64 271
Total deposits from banks 22,006 19,038
Total non-current assets held for sale amount to 281 (2015:155)
and mainly comprise of stakes in several financial service
providers (FSPs) in Sub-Saharan Africa that will be transferred to
Arise B.V. for an amount of 187. More information on Arise B.V.
is disclosed in section 13.1 Investments in associates.
The other non-current assets held for sale amount to
94 (2015:155) and comprise of various types of real estate
in the segments Domestic retail banking and Real estate.
The book value is expected to be realised through sale rather
than through continued operation.The real estate classified as
held for sale are mostly unique objects.There is often no active
market for similar real estate at the same location and in the
same condition. A large number of parameters are used for the
valuations of the various types of property investments, where
possible based on existing contracts and market data. A certain
level of assessment and estimation is unavoidable. It is forthis
reason that all non-current assets classified as 'held for sale' are
classified in level 3.
in millions of euros
2016
2015
Current accounts
76,757
77,966
Deposits with agreed maturity
82,909
96,363
Deposits redeemable at notice
175,943
162,083
Repurchase agreements
212
488
Fiduciary deposits
11,857
8,377
Other deposits from customers
34
607
Total deposits from customers
347,712
345,884
Deposits from customers also includes balances at central banks
amounting to EUR 23 billion (2015: EUR 23 billion).
in millions of euros
2016
2015
Certificates of deposit
33,948
38,554
Commercial paper
11,848
14,399
Bonds
102,713
113,415
Other debt securities
10,833
8,623
Total debt securities in issue
159,342
174,991
226 Rabobank Jaarverslag 2016
