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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
The table below shows offsets which have been applied in
the consolidated balance sheet (IAS 32 Offsetting) and offsets
which have not been applied in the consolidated balance
sheet (Other offsetting). The other offsets consist of securities
Offsetting of financial instruments
in millions of euros
On 31 December 2017
Loans and advances to banks
Derivatives
Loans and advances to customers
Other assets
Total
Deposits from banks
Deposits from customers
Derivatives and financial liabilities held for trading
Other liabilities
Total
On 31 December 20161
Loans and advances to banks
Derivatives
Loans and advances to customers
Other assets
Total
Deposits from banks
Deposits from customers
Derivatives
Other liabilities
Total
The next table sets out the maximum credit risk to which
Rabobank is exposed on the reporting date in respect of the
various categories of risk, without taking into account any
collateral or other measures for restricting credit risk. It also
shows the financial effect of any collateral provided or other
types of credit risk reduction. In some cases the amounts stated
deviate from the carrying amounts because the outstanding
equity instruments are not included in the maximum credit risk.
1 Prior year figures of Loans and advances to customers and Deposits
from customers have been adjusted by reversing the netting because
the cash-pooling arrangements qualified for unit of accounts
accounting
Rabobank has received from reverse repurchase transactions
and securities Rabobank has provided in relation to loans for
repurchase transactions.
Net carrying
Gross
carrying
amount
IAS 32
Offsetting
amount
included in
balance sheet
Master
netting
agreements
Other
offsetting
27,845
(591)
27,254
(17,537)
87,237
(61,732)
25,505
(15,984)
439,587
(7,023)
432,564
(12,861)
8,245
(284)
7,961
562,914
(69,630)
493,284
(15,984)
(30,398)
20,496
(1,574)
18,922
(350)
343,958
(3,276)
340,682
(108)
92,599
(64,496)
28,103
(15,984)
8,555
(284)
8,271
465,608
(69,630)
395,978
(15,984)
(458)
26,129
(685)
25,444
(13,817)
115,541
(73,169)
42,372
(29,950)
462,001
(9,194)
452,807
(16,114)
8,253
(375)
7,878
611,924
(83,423)
528,501
(29,950)
(29,931)
24,541
(2,535)
22,006
(401)
351,858
(4,146)
347,712
(215)
124,391
(76,367)
48,024
(29,950)
8,807
(375)
8,432
509,597
(83,423)
426,174
(29,950)
(616)
Net value
after other
offsetting
9,717
9,521
419,703
7,961
446,902
18,572
340,574
12,119
8,271
379,536
11,627
12,422
436,693
7,878
468,620
21,605
347,497
18,074
8,432
395,608
Maximum gross
credit risk
Credit risk
reduction
in millions of euros
2017
2016
2017
2016
Cash and cash equivalents
66,861
84,405
0%
0%
Loans and advances to banks
27,254
25,444
57%
48%
Derivatives
25,505
42,372
87%
88%
Loans and advances to
customers
432,564
452,807
77%
75%
Available-for-sale financial assets
28,122
33,745
1%
0%
Subtotal
580,306
638,773
64%
61%
Credit related contingent
liabilities
54,525
62,760
17%
18%
Total
634,831 701,533
59%
57%
Rabobank Annual Report 2017 - Consolidated financial statements
191
