I Consolidated statement of changes in equity (187) 299 123 299 (64) (299) (123) 1,007 415 10 - 6,233 2,779 (103) 194 29,377 (623) 70 12 (600) 315 (17) (809) (843) 303 2,696 (506) 1,853 (422) 1,007 (415) (550) (406) 2,713 31,409 2,713 31,409 472 (1,426) (1) (32) 56 (372) 511 (12) 528 (1,332) 155 2,754 683 1,422 In millions of euros Equity of Rabobank Nederland and local Rabobanks Rabobank Member Certificates Capital securities and TPS Minority interests Total At 1 January 2007 17,426 5,808 1,959 4,184 Arising in the period (after taxation): Net fair value changes - available for sale financial assets (39) - - (584) Net fair value changes - associates 70 Net fair value changes - cash flow hedges 12 - Currency translation differences (205) - (170) (225) Transferred to net profit for the year - available-for-sale financial assets 315 Costs of issue of Capital Securities - (17) - Total income and expense for the year recognised directly inequity 153 Net profit1,971 Total income and expense 2,124 Payment on Rabobank Member Certificates and Trust Preferred Securities III to VI (TPS) Issue of Capital Securities Exchange of government bonds for subordinated loans to Rabobank Nederland - Other 134 At 31 December 2007 19,684 At 1 January 2008 19,684 6,233 2,779 Arising in the period (after taxation): Net fair value changes - available for sale financial assets (1,898) Net fair value changes associates(1) Net fair value changes - cash flow hedges (32) Currency translation differences (337) - (91) Transferred to net profit for the year - available-for-sale financial assets 511- - Costs of issue of Capital Securities - - (12) Total income and expense for the year recognised directly in equity (1,757) Net profit 2,089 316 Total income and expense 332 316 91 Payment on Rabobank Member Certificates, Trust Preferred Securities III to VI (TPS) and Capital Securities - (316) (194) Issue of Capital Securities - - 835 Share premium (115) 154 - Other 173 (151) (1) At 31 December 2008 20,074 6,236 3,510 3,639 (510) 835 39 264 243 33,459 91 Annual figures

Rabobank Bronnenarchief

Annual Reports Rabobank | 2008 | | pagina 92