18 Due to banks
20 Debt securities in issue
21 Other liabilities
7 9 Due to customers
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
In 2015, the net recoverable value of all 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 transferto provisions of a total of-2 (2014:16).
A negative carrying amount may arise, for example, if Rabo Real
Estate Group has committed to developing real estate, whereby
the property, according to current estimates, is loss-making and
the loss is greater than the amount capitalised at that time.
in millions of euros
Movements in provisions for property projects
Building sites and equalisation funds
Work in progress
Completed developments
Total
Balance on 1
January 2015
669
116
60
845
Additions/ Withdrawals/ Balance on 31
release other changes December 2015
(2)
5
(21)
(18)
(34)
32
(35)
(37)
633
153
4
790
in millions of euros
Movements in provisions for property projects
Building sites and equalisation funds
Work in progress
Completed developments
Total
Balance on 1 IFRS 11 accounting
January 2014 policychange
850
266
41
1,157
(101)
(25)
(126)
Additions/ Withdrawals/ Balance on 31
release other changes December 2014
16
24
(2)
38
(96)
(149)
21
(224)
669
116
60
845
Work in progress
in millions of euros
2015
2014
Homes in preparation and under
construction
686
495
Commercial real estate in development
and in progress
108
205
Pre-invoiced terms for housing
construction
(276)
(127)
Pre-invoiced terms for commercial real
estate
(30)
(147)
Total work in progress
488
426
in millions of euros
2015
2014
Demand deposits
2,040
1,162
Fixed-term deposits
16,146
16,136
Repurchase agreements
581
708
Miscellaneous liabilities to other banks
271
60
Total due to banks 19,038 18,066
in millions of euros
2015
2014
Certificates of deposit
38,554
41,824
Commercial paper
14,399
13,241
Bonds
113,415
127,792
Other debt securities
8,623
6,203
Total debt securities in issue
174,991
189,060
in millions of euros Note 2015 2014
Payables 5,959 5,411
Accrued interest 2,543 2,791
Employee benefits 25 356 385
Other (811) (546)
Provision for day 1 profit 3 6
Total other debt 8,050 8,047
in millions of euros
2015
2014
Current accounts
69,675
56,255
Deposits with agreed maturity
96,363
96,572
Deposits redeemable at notice
162,083
162,857
Repurchase agreements
488
2,025
Other due to customers
8,984
8,579
Total due to customers
337,593
326,288
Due to customers also includes balances at central banks
amounting to EUR 23 billion (2014: 20).
227 Notes to the consolidated financial statements
