Movements in reserves - - - - Annual figures 65 (in EUR millions) 2002 2001 Reserves can be broken down as follows: Revaluation reserves 246 417 Other reserves 10,164 9,687 Rabobank Membership Certificates 3,851 2,276 Trust Preferred Securities 650 650 14,911 13,030 Movements in reserves: Revaluation reserves Balance at 1 January 417 407 Movement as a result of changes in accounting policies 354 Revaluation (152) (117) Transferred to other reserves (13) (10) Released to profit and loss account (6) (217) Balance at 31 December 246 417 This item includes the revaluation reserves for immovable property, shares and participating interests. Other reserves Balance at 1 January 9,687 11,159 Movement as a result of changes in accounting policies (306) Transferred from revaluation reserves 13 10 Goodwill (635) (526) Other movements 55 65 Profit appropriation 1,044 1,169 Balance at 31 December 10,164 11,571 Change in accounting policy for pensions (1,799) Net effect of change in accounting policy for pensions (85) Balance at 31 December after changes in accounting policies 10,164 9,687 Owing to the change in accounting policy, at 1 January 2002 EUR 1,884 million was charged to other reserves of Rabobank Nederland and simultaneously a provision for pensions of EUR 2,894 million was formed and a deferred tax asset of EUR 1,010 million was recognised. Significant equity interests acquired in 2002: - Bank Sarasin Cie, Switzerland - Boston Partners Asset Managers, United States - ACC Bank, Republic of Ireland - Valley Independent Bank, United States - Transtrend,the Netherlands - Sage Capital Management, United States The goodwill paid amounted to EUR 635 million.

Rabobank Bronnenarchief

Annual Reports Rabobank | 2002 | | pagina 67