49. Cost of External Independent
Auditor
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About this
Report
Chairman's
Foreword
Management Report Appendices
Corporate
Governance
Consolidated Financial
Statements
Company Financial
Statements
In the normal course of Rabobank's business operations, banking
transactions are carried out with related parties. These involve
loans, deposits and transactions in foreign currencies. These
transactions are conducted against commercial terms and
conditions and market prices. The volumes of related party
transactions, year-end outstanding balances and the
corresponding income and expenses during the year are
presented in the following table. Transactions and balances
outstanding with members ofthe Managing Board and members
ofthe Supervisory Board are disclosed in Section 50. Transactions
with pension funds are disclosed in Section 28.
Expenses for services provided by Rabobank's independent
auditor, PricewaterhouseCoopers Accountants N.V. ("PwC") and
its member firms and/ or affiliates to Rabobank and its subsidiaries
in 2018 are specified as follows:
Amounts in millions of euros
Loans
Outstanding at beginning of year
Provided during the year
Redeemed during the year
Other
Gross loans as of December 31
Less: loan impairment allowance
Total loans as of December 31
Investments in Other related
associates parties
2018 2017 2018 2017
397 503
372 44
(378) (478)
19 397 44
19 397 44
Deposits from credit institutions and deposits
from customers
Outstanding at beginning ofthe year 6,946 7,181
Received during the year 263 654
Repaid during the year (1,017) (889)
Other (130)
Total deposits as of December 31 6,062 6,946
38
(29)
Credit related contingent liabilities
Income
Net interest income
Net fee and commission income
Trading income
Other
Total income from transactions with related
parties
6
237
15
258
10
260
18
288
Expenses
Interest expense
Net fee and commission expense
Impairments
Total expenses from transactions with
related parties
244 332
(5)
244 327
Amounts in millions of euros
2018
2017
PwC Netherlands
Other PwC network firms
Total PwC Netherlands
Other PwC network firms
Total
Audit services
9.8
7.5
17.3
9.5
7.1
16.6
Other audit services
0.5
0.5
1.0
0.4
0.4
0.8
Tax advisory services
0.3
0.3
0.4
0.4
Other non-audit services
0.6
0.6
0.2
0.2
Total
10.3
8.9
19.2
9.9
8.1
18.0
Annual Report 2018 - Consolidated Financial Statements
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