Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Level 3 of the financial assets at fair value includes private
equity interests. Private equity interests amount to 525 (2016:
488). A significant unobservable input for the valuation of
these interests is the multiplier which is applied to the EBITDA.
The average weighted multiplier is 6.3, with a bandwidth of-1
and +1 of the multiplier.
in millions of euros
Assets
Financial assets held for
trading
Financial assets designated
at fair value
Derivatives
Available-for-sale financial
assets
Fair value
changes Fair value
Balance on incorporated changes
1 January in profit or incorporated
2017 loss inOCI
89 (3)
514 42
535 50
540 (22)
Purchases
138
Sales Settlements
(23)
(98)
Transfers to
held for sale
assets
(74)
(331)
Transfers Balance on
to or from 31 December
level 3 2017
63
522
315
(30)
Liabilities
Derivatives 524 46 - - - (318)
Financial liabilities
designated at fair value 13 (1) - - (3) - (3)
The table shows movements in the financial instruments which are stated at fair value in the statement of financial position and
which are classified in Level 3.The fair value adjustments in Level 3 which are included in equity are accounted for in the revaluation
reserves for available-for-sale financial assets.
In 2017 there were no significant transfers between level 1 and level 2.
in millions of euros
Assets
Financial assets held for trading
Financial assets designated at fair value
Derivatives
Available-for-sale financial assets
Fair value
changes Fair value
Balance on incorporated changes
1 January in profit or incorporated
2016
126
985
765
594
loss
(11)
(20)
420
18
in OCI
Purchases
3
98
Sales Settlements
(34)
(575)
(51)
280
(299)
(650)
(2)
Transfers
to or from
level 3
5
26
Balance on
31 December
514
535
540
Liabilities
Derivatives
Financial liabilities designated at fair value
688
24
527
(1)
(2)
(10)
(700)
524
13
Rabobank Annual Report 2017 - Consolidated financial statements
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