About this
Report
Chairman's
Foreword
Management Report Appendices
Corporate
Governance
Consolidated Financial
Statements
Company Financial
Statements
Key Impacts of the Implementation of IFRS 9
The implementation of IFRS 9 resulted in an increase of the
impairment allowance of financial assets of EUR 227 million
before tax. The impact of other movements due to the IFRS 9
implementation is positive EUR 201 million before tax. The
following table shows a reconciliation between the consolidated
statement of financial position as reported per December 31,
2017 under IAS 39 and the restated amounts per January 1, 2018
under IFRS 9.
Consolidated Statement of Financial Position
Amounts in millions of euros
Assets
Cash and cash equivalents
Loans and advances to banks
Financial assets held for trading
Financial assets designated at
fair value3
Financial assets mandatorily at
fair value
Derivatives
Loans and advances to
customers
Available-for-sale financial
assets
Financial assets at fair value
through other comprehensive
income
Investments in associates and
joint ventures
Goodwill and other intangible
assets
Property and equipment
Investment properties
Current tax assets
Deferred tax assets
Other assets
Non-current assets held for sale
Total assets
Measurement Measurement
ca tegory IFRS 9 category IAS 39
AC
AC
FVPL
FVPL
FVPL
FVPL
AC
n/a
FVOCI
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
AC
AC
FVPL
FVPL
n/a
FVPL
AC
FVOCI
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Note
December 31,
2017
(IAS 39)
66,861
27,254
1,760
1,194
n/a
25,505
432,564
28,689
2,521
1,002
4,587
193
175
1,733
7,961
992
602,991
Reclassification
(390)
7
Remeasurements
(FCL)
(850)
3,923
27
(2,788)
(28,689)
28,867
(2)
January 1,2018
Other
remeasurements2 (IFRS 9)
66,861
26,864
1,767
348
(134)
(8)
(224)
(234)
(83)
24
24
(69)
(50)
(3)
(9)
(464)
3,699
25,532
429,408
n/a
28,909
2,521
1,002
4,587
193
176
1,730
7,893
992
602,482
Liabilities
Deposits from banks
Deposits from customers
Debt securities in issue
Financial liabilities held for
trading
Financial liabilitiesdesignated at
fair value
Derivatives
Other liabilities
Provisions
Current tax liabilities
Deferred tax liabilities
Subordinated liabilities
Liabilities held for sale
Total liabilities
AC
AC
AC
FVPL
FVPL
FVPL
n/a
n/a
n/a
n/a
n/a
n/a
AC
AC
AC
FVPL
FVPL
FVPL
n/a
n/a
n/a
n/a
n/a
n/a
18,922
340,682
134,423
581
13,792
28,103
8,271
1,537
248
396
16,170
256
563,381
29
2,830
2,827
(6,118)
473
(17)
24
107
(3)
(3)
101
(6)
(317)
(275)
(13)
(6)
(608)
18,945
343,195
136,975
581
7,679
28,563
8,248
1,644
249
393
16,170
256
562,898
Equity
Reserves and retained earnings
Equity instruments issued by
Rabobank
25,376
(170)
144
25,350
Rabobank Certificates
7,440
7,440
Annual Report 2018 - Consolidated Financial Statements
134
