31. Reserves and Retained Earnings
32. Rabobank Certificates
About this
Report
Chairman's
Foreword
Management Report Appendices
Corporate
Governance
Consolidated Financial
Statements
Company Financial
Statements
Amounts in millions of euros
2018
2017
Foreign currency translation reserves
(817)
(938)
Revaluation reserves - Available-for-sale financial assets
n/a
464
Revaluation reserve - Financial assets at fair value through
other comprehensive income
240
n/a
Revaluation reserve - Cash flow hedges
(40)
(42)
Revaluation reserve - Costs of hedging
30
n/a
Revaluation reserve - Assets held for sale
(35)
(35)
Remeasurement reserve - Pensions
(145)
(225)
Revaluation reserve - Fair value changes due to own credit
risk on financial liabilities designated at fair value
(31)
(625)
Retained earnings
28,062
26,777
Total reserves and retained earnings at year-end
27,264
25,376
Changes in the reserves were as follows:
Amounts in millions of euros
Closing balance
Revaluation reserve - Cash flow hedges
Opening balance
Change in accounting policy
Foreign exchange differences
Fair value changes
Transferred to profit or loss
Closing balance
Revaluation reserve - Costs of hedging
Opening balance
Change in accounting policy
Foreign exchange differences
Fair value changes
Closing balance
2018 2017
217 n/a
(42)
3
8
(16)
7
(40)
(1)
31
30
(70)
(594)
622
(42)
n/a
n/a
n/a
n/a
n/a
(938)
(16)
132
(16)
21
(817)
464
(464)
Amounts in millions of euros
Foreign currency translation reserves
Opening balance
Translation of foreign operations
Changes in hedging instrument
Changes at associates and joint ventures
Transferred to profit or loss
Closing balance
Revaluation reserves - Available-for-sale financial assets
Opening balance
Change in accounting policy
Foreign exchange differences
Changes at associates and joint ventures
Fair value changes
Amortization of reclassified assets
Transferred to profit or loss
Other
Closing balance
Revaluation reserves - Debt instruments at fair value
through other comprehensive income
Opening balance
Change in accounting policy
Foreign exchange differences
Changes at associates and joint ventures
Fair value changes
Transferred to profit or loss
Other
Closing balance
Revaluation reserves - Equity instruments at fair value
through other comprehensive income
Opening balance
Change in accounting policy
Foreign exchange differences
Changes at associates and joint ventures
Fair value changes
Transferred to retained earnings
Other
243
(2)
(68)
(62)
(88)
225
(1)
(6)
(1)
203
(1,239)
197
(11)
(88)
(938)
571
12
22
(67)
6
(75)
(5)
464
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Revaluation reserve - Assets held for sale
Opening balance
Disposal of assets
Closing balance
Remeasurement reserve - Pensions
Opening balance
Changes at associates and joint ventures
Remeasurements defined benefit plans
Settlement
Closing balance
Revaluation reserve - Fair value changes due to own
credit risk on financial liabilities designated at fair value
Opening balance
Change in accounting policy
Fair value changes
Realization at derecognition
Closing balance
Retained earnings
Opening balance
Change in accounting policies
Net profit
Payments on equity instruments
Redemption of Capital Securities
Issue of Rabobank Certificates (including costs)
Settlement pension plan
Other
Closing balance
Total reserves and retained earnings
(35)
(35)
(225)
4
20
56
(145)
(70)
35
(35)
(219)
(6)
(225)
(625) (303)
483
111 (318)
(4)
(31) (625)
26,777
(475)
2,944
(1,059)
(79)
(56)
10
28,062
27,264
25,709
2,616
(1,113)
(439)
108
(104)
26,777
25,376
Rabobank Certificates represent participation rights issued by
Rabobank via the foundation Stichting Administratie Kantoor
Rabobank Certificaten and belong to the Common Equity Tier 1
capital of Rabobank. As from 2014, the Rabobank Certificates have
been listed on Euronext Amsterdam.
Annual Report 2018 - Consolidated Financial Statements
199
