7 7 Other assets
72 Derivatives
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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
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
2017
2016
This item can be broken down as follows:
Current tax assets
156
56
Deferred tax assets
1,017
1,224
Employee benefits
4
4
Other
3,380
3,502
Other assets
4,557
4,786
The table below shows the notional amounts and the positive
and negative fair values of Rabobank's derivative contracts with
third parties.
In millions of euros
Balance on 31 December 2017
Derivatives held for trading
Interest rate contracts
OTC
Listed
Currency contracts
OTC
Listed
Credit derivatives
Notional amounts
2,496,409
2,447,319
49,090
338,889
338,889
1,580
Fair values
Assets Liabilities
17,882
17,882
3,550
3,550
16,819
16,819
4,037
4,037
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.
Other contracts
OTC
Listed
Derivatives held as hedges
Derivatives designated as fair
value hedges
Interest rate contracts
Currency contracts
2,307
2,307
123
123
221
221
111,867
58,129
53,738
3,893
2,361
1,532
5,673
5,668
5
Derivatives designated as cash
flow hedges
4,777
299
1,271
The notes to the derivatives are included below.
Currency contracts
4,777
299
1,271
Total derivative contracts with
third parties
2,955,829
25,747
28,025
In millions of euros
2017
2016
Assets
This item can be broken down as follows:
In millions of euros
Notional amounts
Fair values
Derivative contracts with third parties
25,747
42,712
Balance on 31 December 2016
Assets
Liabilities
Derivative contracts with group companies
3,200
4,329
Derivatives held for trading
Total derivatives
28,947
47,041
Interest rate contracts
2,609,169
30,742
28,027
OTC
2,548,166
30,741
28,027
Liabilities
Listed
61,003
1
This item can be broken down as follows:
Derivative contracts with third parties
28,025
47,884
Currency contracts
409,508
6,961
9,189
Derivative contracts with group companies
436
451
OTC
409,508
6,961
9,189
Total derivatives
28,461
48,335
Listed
Credit derivatives
3,185
31
10
Other contracts
2,460
172
279
OTC
2,460
172
279
Listed
Derivatives held as hedges
Derivatives designated as fair
value hedges
125,667
3,858
8,837
Interest rate contracts
48,654
1,775
8,824
Currency contracts
77,013
2,083
13
Derivatives designated as cash
flow hedges
7,850
948
1,542
Currency contracts
7,850
948
1,542
Total derivative contracts with
third parties
3,157,839
42,712
47,884
Rabobank Annual Report 2017 - Company financial statements
253
