About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
Maturity Profile and Average Price/Rate of Hedging Instruments in Cash Flow Hedges
On December 31,2018
Amounts in millions of euros
Cross-currency swaps (USD:EUR)
Notional amounts of hedging instrument
Average exchange rate (USD:EUR)
Total notional
amount
19
n/a
Remaining maturity
Less than 1 year 1 - 5 years Longer than 5 years
1
1.00
9
1.37
9
1.31
Cross-currency swaps (GBP:EUR)
Notional amounts of hedging instrument
Average exchange rate (GBP:EUR)
25
n/a
n/a
17
0.79
Cross-currency swaps (other currencies)
Notional amounts of hedging instrument
43
13
23
Cash Flow Hedges of Interest Rate and Foreign Currency Risk, Designated Hedging Instruments
On December 31,2018
Amounts in millions of euros
Designated hedging instruments
Cross-currency interest rate swaps (USD:EUR)
Cross-currency interest rate swaps (GBP:EUR)
Cross-currency interest rate swaps (other currencies)
Total
Carrying amount
derivative financial
assets
Carrying amount Change in fair value
derivative financial used for calculating
liabilities hedge ineffectiveness
1
9
3
13
15
27
(33)
9
Forthe changes in the value ofthe hedging instrument
recognized in other comprehensive income and the amount
reclassified from the cash flow hedge reserve to profit or loss,
reference is made to section 31, "Reserves and Retained
Earnings." Hedge ineffectiveness amounts to nil and is included
in the statement of income on line item "Gains/ (losses) on
financial assets and liabilities at fair value through profit or loss."
Cash Flow Hedges of Interest Rate and Foreign Currency Risk, Designated Hedged Items
On December 31,2018
Remaining cash flow
r i /- u a u j hedge reserve from
Change in fair value Cash flow hedge
Amounts in millions of euros used for calculating reserve for continuing
rr for which hedge
hedge ineffectiveness hedges
accounting is no
longer applied
Designated hedged items
Issued debt securities 9 2 (42)
Net Investment Hedges
Rabobank uses forward currency contracts to hedge a portion of
the currency translation risk of net investments in foreign
operations.
Annual Report 2018 - Consolidated Financial Statements
181
