34 Net interest income
35 Net fee and commission income
36 Income from investments in associates
and joint ventures
-
37 Gains/ (losses) on financial assets and
liabilities at fair value through profit
or loss
-
Contents Foreword Management report Corporate governance
Consolidated Financial Statements
Company Financial Statements
Pillar 3
De Lage Landen Participacoes Limitada
2016
2015
Revenues
70
82
Net profit
26
25
Other comprehensive income - -
Total comprehensive income
26
25
Profit attributable to non-controlling interests
9
12
Dividends paid to non-controlling interests
20
13
Financial assets
1,322
1,088
Other assets
118
82
Financial liabilities
1,095
931
Other liabilities
38
32
AGCO Finance SNC is located in Beauvais,
France, and
Rabobank has a capital and voting right interest of 51.0%.
The non-controlling interests with regard to this entity amount
to 89 (2015: 78). The following financial data apply:
AGCO Finance SNC
2016
2015
Revenues
41
39
Net profit
20
20
Other comprehensive income - -
Total comprehensive income
20
20
Profit attributable to non-controlling interests
10
10
Dividends paid to non-controlling interests
9
7
Financial assets
1,333
1,311
Other assets
51
41
Financial liabilities
1,182
1,179
Other liabilities
18
13
in millions of euros
2016
2015
Interest income
Cash and balances at central banks
190
103
Loans and advances to banks
293
338
Financial assets held for trading
45
75
Financial assets designated at fair value
25
52
Loans and advances to customers
16,207
17,271
Available-for-sale financial assets
861
938
Derivatives held as economic hedges
(1,345)
(1,266)
Interest income on financial liabilities with a
negative interest rate
74
16
Other
88
66
Total interest income
16,438
17,593
Interest expense
Due to banks
422
452
Financial liabilities held for trading
10
17
Due to customers
2,445
3,033
Debt securities in issue
3,467
3,796
Other liabilities
727
603
Financial liabilities designated at fair value
362
466
Interest expense on financial assets with a
negative interest rate
249
72
Other
13
15
Total interest expense
7,695
8,454
Net interest income
8,743
9,139
Capitalised interest attributable to qualifying assets amounted
to 20 (2015: 21). The average interest rate applied in
determining interest charges to be capitalized ranges between
1.0% and 5.5% (2015: between 1.0% and 5.5%). The interest
income on impaired financial assets accrued is 201 (2015: 85).
in millions of euros
2016
2015
Fee and commission income
Asset management
25
44
Insurance commissions
259
325
Lending
581
545
Purchase and sale of other financial assets and
handling fees
391
326
Payment services
734
740
Custodial fees and securities services
2
7
Other commission income
185
140
Total fee and commission income
2,177
2,127
Fee and commission expense
Purchase and sale of other financial assets
16
8
Payment services
23
35
Custodial fees and securities services
10
11
Handling fees
50
35
Other commission expense
160
146
Total fee and commission expense
259
235
Net fee and commission income
1,918
1,892
in millions of euros
2016
2015
Rabobank share of profit of associates and joint
ventures
44
351
Result on disposal of investments in associates
and joint ventures
62
Income from investments in associates and
joint ventures
106
351
in millions of euros
2016
2015
Gains/ (losses) on financial assets and liabilities
held for trading and from derivatives held or
issued for trading
288
164
Gains/ (losses) on other financial assets
designated at fair value through profit or loss
19
30
Gains/ (losses) on other financial liabilities
designated at fair value through profit or loss
and derivatives used to hedge the interest rate
risk of those financial liabilities
240
569
Impairments
(160)
Total gains/ (losses) on financial assets and
liabilities at fair value through profit or loss
547
603
231 Notes to the consolidated financial statements
