12. Loans and Advances to Customers About this Report Chairman's Foreword Corporate Management Report Appendices Governance Consolidated Financial Company Financial Statements Statements Amounts in millions of euros 2018 2017 Loans to private sector clients: - overdrafts 15,758 17,535 - mortgages 190,651 194,521 -finance leases 18,772 16,932 - corporate loans 186,563 179,204 - other 8,009 8,186 Loans to government clients: -finance leases 202 196 - other 1,658 2,069 Reverse repurchase transactions, securities borrowing agreements and settlement accounts 12,929 12,895 Grosscarrying amount loans and advances to customers 434,542 431,538 Hedge accounting adjustment 5,784 6,386 Impairment allowances on loans and advances to customers (3,735) (5,446) 436,591 432,478 Reclassified assets n/a 86 Total loans and advances to customers 436,591 432,564 Finance Leases Loans and advances to customers also includes receivables from finance leases, which can be broken down as follows: Amounts in millions of euros 2018 2017 Receivables from gross investment in finance leases Not exceeding 1 year 6,116 6,302 Longer than 1 year but less than 5 years 13,026 11,584 Longer than 5 years 1,292 621 Gross investment in finance leases 20,434 18,507 Unearned deferred finance income from finance leases 1,626 1,561 Net investment in finance leases 18,808 16,946 Not exceeding 1 year 5,962 6,097 Longer than 1 year but less than 5 years 11,574 10,393 Longer than 5 years 1,272 456 Net investment in finance leases 18,808 16,946 The finance leases mainly relate to the lease of equipment, cars and factoring products. On December 31, 2018, the loan impairment allowance for finance leases amounted to EUR 166 million (2017: EUR 182 million). The unguaranteed residual values accruing to the lessor amounted to EUR 2,227 million (2017: EUR 1,914 million). The contingent lease payments recognized as income in 2018 were nil (2017: nil). Annual Report 2018 - Consolidated Financial Statements 184

Rabobank Bronnenarchief

Annual Reports Rabobank | 2018 | | pagina 186