About this Report Chairman's Foreword Corporate Management Report Appendices Governance Consolidated Financial Company Financial Statements Statements The deductions consist mostly of goodwill, other intangible fixed assets, deferred tax assets which depend on future profit, the IRB shortfall for credit risk adjustments and adjustments relating to cumulative results due to changes in the bank's credit risk on instruments designated at fair value. In accordance with CRR, a number of deductions are adjusted in the Transition guidance', as these adjustments are being phased in over the period 2014-2018. The Transition guidance' mainly consists of goodwill, other intangible non-current assets, deferred tax assets depending on future profits (i.e. non-temporary differences) and the IRB shortfall for credit-risk adjustments. Theadditionaltier 1 instruments issued by Rabobankpriorto2015 do not comply with the new CRR requirements. They are being 'grandfathered'. This means that these instruments will be phased out of solvency ratios, in line with the regulatory requirements. Annual Report 2018 - Consolidated Financial Statements 150

Rabobank Bronnenarchief

Annual Reports Rabobank | 2018 | | pagina 152