10. Tangible Fixed Assets
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7 7. Other Assets
About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
This item consists of land and buildings in own use and
equipment.
Amounts in millions of euros 2018 2017
Land and buildings in own use 1,212 1,397
Equipment 239 303
Total tangible fixed assets 1,451 1,700
Fiscal Unit for Corporate Tax Purposes
For corporate tax purposes Rabobank forms a fiscal unit with a
number of domestic subsidiaries. Under the fiscal unit, each
participating legal entity is jointly and severally liable for the fiscal
unit's corporate tax liabilities.
Changes in tangible fixed assets 2018
Land and
Amounts in millions of euros
buildings
in own use
Equipment
Total
Carrying amount on January 1
1,397
303
1,700
Acquisitions during the financial year
30
64
94
Disposals during the financial year
(6)
(7)
(13)
Transfers to other assets
(91)
(91)
Depreciation
(90)
(126)
(216)
Impairment losses
(85)
(2)
(87)
Reversal impairment losses
45
45
Exchange differences and other
12
7
19
Carrying amount on December 31
1,212
239
1,451
Accumulated depreciation and impairment
losses
1,188
654
1,842
Changes in tangible fixed assets 2017
Amounts in millions of euros
Carrying amount on January 1
1,393
361
1,754
Acquisitions during the financial year
57
55
112
Disposals during the financial year
(62)
(6)
(68)
Depreciation
(103)
(103)
(206)
Impairment losses
(91)
(91)
Reversal impairment losses
42
1
43
Exchange differences and other
161
(5)
156
Carrying amount on December 31
1,397
303
1,700
Accumulated depreciation and impairment
losses
1,230
677
1,907
This item relates to cu rrent and deferred tax assets and assets that
cannot be classified under any other heading.
Amounts in millionsofeuros
2018
2017
This item can be broken
down as follows:
Current tax assets
252
156
Deferred tax assets
727
1,017
Employee benefits
3
4
Other
3,198
3,380
Total other assets
4,180
4,557
Annual Report 2018 - Company Financial Statements
225