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
