34. Other Non-controlling Interests About this Report Chairman's Foreword Corporate Management Report Appendices Governance Consolidated Financial Company Financial Statements Statements be made payable every quarter based on the five-year swap interest plus an annual 3.75% mark-up. As of June 18,2019, the coupon will be made payable every quarter based on the 90-day bank bill swap interest rate plus an annual 3.75% mark-up. The coupon is payable at the issuer's discretion. In case Rabobank does not use its discretionary power to not pay distributions on the Rabobank Certificates, payment on this instrument will also apply. 33.4 Trust Preferred Securities IV In 2004, non-cumulative Trust Preferred Securities were issued of which the Trust Preferred Security IV is outstanding. Rabobank Capital Funding Trust IV, Delaware, a group company of Rabobank, issued 350,000 non-cumulative Trust Preferred Securities. The coupon is 5.556% up to and including December 31,2019. Thereafter, the coupon is equal to the six- month GBP Libor rate plus 1.4600%. The coupon is payable at the issuer's discretion. The total proceeds from this issue amounted to GBP 350 million. As of December 31, 2019, these Trust Preferred Securities can be repurchased on each distribution date (which is once every halfyear). Amounts in millions of euros 2018 2017 Opening balance 394 409 Exchange rate differences and other (5) (15) Closing balance 389 394 This item relates to shares held by non-controlling interests in Rabobank subsidiaries. Amounts in millions of euros 2018 2017 Opening balance 475 525 Net profit 60 58 Exchange rate differences (3) (31) Entities included in consolidation/deconsolidated 9 7 Dividends (58) (81) Other (2) (3) Closing balance 481 475 The Rabobank subsidiaries with the largest non-controlling interests are Cargobull Finance Flolding and AGCO Finance SNC. Both entities are accounted for in the segment Leasing. Cargobull Flolding B.V. is based in Eindhoven, Netherlands, and Rabobank has a capital and voting right interest of 51%.The non- controlling interests with regard to this entity amount to EUR 60 million (2017: EUR 75 million). The following financial data applies: Cargobull Holding B.V. Amounts in millions of euros 2018 2017 Revenues 57 55 Net profit 13 13 Other comprehensive income Total comprehensive income 13 13 Profit attributable to non-controlling interests 7 7 Dividends paid to non-controlling interests 22 Financial assets 693 686 Other assets 152 168 Financial liabilities 697 670 Other liabilities 25 31 AGCO Finance SNC is located in Beauvais, France, and Rabobank has a capital and voting right interest of 51.0%. The non- controlling interests with regard to this entity amount to EUR 106 million (2017: EUR 97 million). The following financial data applies: AGCO Finance SNC Amounts in millions of euros 2018 2017 Revenues 36 39 Net profit 16 18 Other comprehensive income Total comprehensive income 16 18 Profit attributable to non-controlling interests 8 9 Dividends paid to non-controlling interests 3 10 Financial assets 1,536 1,412 Other assets 55 54 Financial liabilities 1,348 1,237 Other liabilities 34 29 Annual Report2018-Consolidated Financial Statements 202

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RNAR | 2018 | | pagina 204