Contents
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
General information 172
Consolidated statement of financial position 173
Consolidated statement of income 174
Consolidated statement of comprehensive income 175
Consolidated statement of changes in equity 176
Consolidated statement of cash flows 177
Notes to the consolidated financial statements 178
1 Consolidation principles 178
2 Accounting policies 178
3 Solvency and capital management 191
4 Risk exposure on financial instruments 192
5 Business segments 211
6 Cash and balances at central banks 217
7 Loans and advances to banks 217
8 Financial assets held for trading 217
9 Financial assets designated at fair value 217
10 Derivatives and other trade liabilities 217
11 Loans and advances to customers 222
12 Available-for-sale financial assets 223
13 Investments in associates and joint ventures 223
14 Intangible fixed assets 224
15 Property and equipment 225
16 Investment properties 226
17 Other assets 226
18 Due to banks 227
19 Due to customers 227
20 Debt securities in issue 227
21 Other liabilities 227
22 Financial liabilities designated at fair value 228
23 Provisions 228
24 Deferred taxes 228
25 Employee benefits 229
26 Subordinated liabilities 230
27 Contingent liabilities 231
28 Equity Rabobank and local Rabobanks 232
29 Rabobank Certificates 232
30 Capital Securities and Trust Preferred Securities III to VI 233
31 Other non-controlling interests 235
32 Interest 235
33 Commissions 236
34 Income from associates 236
35 Net income from financial assets and liabilities
at fair value through profit or loss 236
36 Other results 236
37 Staff costs 237
38 Other administrative expenses 238
39 Depreciation 238
40 Loan impairment charges 238
41 Regulatory levies 238
42 Taxes 238
43 Non-current assets held for sale 239
44 Transactions with related parties 239
45 Costs of external auditor 240
46 Remuneration of the Supervisory Board and the
Executive Board 240
47 Main subsidiaries 241
48 Joint ventures 242
49 Transfer of financial assets and financial assets
provided as collateral 242
50 Structured entities 243
51 Events after the reporting period 245
52 Management report on internal
control over financial reporting 245
53 Approval of the Supervisory Board 245
Independent auditor's report 246
Independent auditor's Assurance Report 250
171 Contents
