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10 Tangible fixed assets
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11 Other assets
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12 Derivatives
Contents Foreword Management report Corporate governance
Changes in goodwill and other intangible assets 2016
In millions of euros
Goodwill
Software
Total
Carrying amount on 1 January
2
467
469
Acquisitions during the financial year
141
141
Disposals during the financial year (to
group companies)
(69)
(69)
Disposals during the financial year
(1)
(1)
Depreciation
(133)
(133)
Impairment losses
(4)
(4)
Exchange differences and other
74
74
Carrying amount on 31 December
2
475
477
Accumulated depreciation and
impairment losses
1,166
1,166
Changes in goodwill and other intangible assets 2015
In millions of euros
Goodwill
Software
Total
Carrying amount on 1 January
443
443
Acquisitions during the financial year
2
414
416
Disposals during the financial year (to
group companies) - - -
Disposals during the financial year
(239)
(239)
Depreciation
(134)
(134)
Impairment losses - - -
Exchange differences and other
(17)
(17)
Carrying amount on 31 December
2
467
469
Accumulated depreciation and
impairment losses
1,110
1,110
This item consists of land and buildings, equipment and other
tangible non-current assets, as well as tangible fixed assets
not in own use, such as non-current assets acquired under
foreclosure.
In millions of euros
2016
2015
Land and buildings in own use
1,393
720
Equipment
361
215
Total tangible fixed assets
1,754
935
Changes in tangible fixed assets 2016
In millions of euros
Land and
buildings in
own use
Equipment
Total
Carrying amount on 1 January
720
215
935
Changes due to legal merger
851
192
1,043
Acquisitions during the financial year
86
91
177
Disposals during the financial year
(17)
(16)
(33)
Depreciation
(97)
(112)
(209)
Impairment losses
(112)
(112)
Exchange differences and other
(38)
(9)
(47)
Carrying amount on 31 December
1,393
361
1,754
Accumulated depreciation and
impairment losses
1,226
661
1,887
Consolidated Financial Statements Company Financial Statements Pillar 3
Changes in tangible fixed assets 2015
In millions of euros
Land and
buildings in
own use
Equipment
Total
Carrying amount on 1 January
716
122
838
Acquisitions during the financial year
46
209
255
Disposals during the financial year
(57)
(57)
Depreciation
(43)
(56)
(99)
Impairment losses - - -
Exchange differences and other
1
(3)
(2)
Carrying amount on 31 December
720
215
935
Accumulated depreciation and
impairment losses
542
298
840
This item relates to precious metals, certificates representing
precious metals, coins and medals made of precious metals (not
being legal tender), goods and warehouse receipts, current and
deferred tax assets and assets that cannot be classified under
any other heading.
In millions of euros
2016
2015
This item can be broken down as follows:
Current tax assets
56
Deferred tax assets
1,224
1,845
Employee benefits
4
5
Other
3,502
2,528
Other assets
4,786
4,378
Fiscal unit for corporate tax purposes
For corporate tax purposes Rabobank forms a fiscal unit with
a number of domestic subsidiaries. Under the fiscal unit, each
participating legal entity is jointly and severally liable for the
fiscal unit's corporate tax liabilities.
The notes to the derivatives are included below.
In millions of euros
2016
2015
Assets
This item can be broken down as follows:
Derivative contracts with third parties
42,712
45,177
Derivative contracts with group companies
4,329
12,062
Total derivatives
47,041
57,239
Liabilities
This item can be broken down as follows:
Derivative contracts with third parties
47,884
54,491
Derivative contracts with group companies
451
8,933
Total derivatives
48,335
63,424
278 Rabobank Annual Report 2016
