76 Debt securities in issue 18 Provisions
77 Other liabilities
19 Subordinated liabilities
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
This item relates to non-subordinated bonds and other interest-
bearing securities, such as certificates of deposit.
In millions of euros
2017
2016
Tradeable debt securities
83,035
101,798
Other debt securities
39,973
48,468
123,008
150,266
On demand
7,320
9,983
3 months
14,223
18,858
3 months 1 year
29,671
37,211
1 year 5 years
48,062
53,102
5 years
23,732
31,112
123,008
150,266
This item includes liabilities that cannot be classified under
any other heading, such as short positions for securities and
liabilities associated with securitised receivables. Other liabilities
also includes liabilities for staff costs, taxes and national
insurance contributions. At year-end 2017, approximately
EUR 56 billion in Rabobank mortgages were securitised.
In millions of euros
2017
2016
This item can be broken down as follows:
Liabilities associated with securitised receivables
55,767
55,362
Current tax liabilities
28
30
Other liabilities
3,614
3,674
Total other liabilities
59,409
59,066
In millions of euros
2017
2016
Provision for pension plans and other post-
retirement provisions
185
152
Provision for deferred tax liabilities
11
2
Other provisions
1,019
1,310
Total provisions
1,215
1,464
Pension provision
The provision for pension plans and other provisions following
termination of employment consists of a provision for pension
plans 84 (2016:41) and other employee benefits 101 (2016:111).
Other provisions
In millions of euros
Restructuring
provision
Provision for
legal issues
Other
Total
Opening balance on
1 January 2017
418
730
162
1,310
Additions
94
139
94
327
Withdrawals
(86)
(293)
(51)
(430)
Releases
(143)
(19)
(26)
(188)
Closing balance on
31 December 2017
283
557
179
1,019
Opening balance on
1 January 2016
44
115
73
232
Changes due to legal merger
284
198
11
493
Additions
554
557
124
1,235
Withdrawals
(386)
(36)
(32)
(454)
Releases
(78)
(104)
(14)
(196)
Closing balance on
31 December 2016
418
730
162
1,310
This represents the loans relating to the issue ofTrust Preferred
Securities and subordinated loans.
In millions of euros
2017
2016
Loans related to the issue ofTrust Preferred
Securities IV
395
409
Subordinated loans
16,137
16,847
Balance on 31 December
16,532
17,256
Rabobank Annual Report 2017 - Company financial statements
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