Contents
Report of the Executive Board
Annual figures for 2004
Other information
2 Rabobank Group Annual Report 2004
Contents
Key figures
3
Profile
6
Chairman's foreword
7
Executive Board and Supervisory Board of Rabobank Nederland
9
Report of the Supervisory Board of Rabobank Nederland
10
Highlights
13
Strategy
14
Financial objectives and outlook
18
International Financial Reporting Standards
19
Customer value
21
Membership policy
23
Employees
25
Core activities
28
- Domestic retail banking
29
- Wholesale and international retail banking
34
- Asset management and investment
38
- Insurance
41
- Leasing
44
- Real estate
46
Organisation and risk management
49
- Corporate governance
50
- Risk management
54
Corporate social responsibility
60
Consolidated balance sheet
62
Consolidated profit and loss account
63
Cash flow statement
64
Movements in reserves
65
Notes to the balance sheet
66
Notes to the profit and loss account
68
Auditors' report
70
Directors and management of Rabobank Group
71
Glossary of terms
73
Rabobank Group international network
75
Profile of Group entities
76
Organisation chart
79
Colophon 80
