Annual report 2008
Binck Bank
- Consolidated Financial Statements
- Notes to the consolidated financial statements
- Notes to the consolidated balance sheet
- 8. Cash and balances with central banks 9. Banks 10. Financial assets held for trading 11. Financial assets at fair value through profit or loss
- 12. Available-for-sale financial assets 13. Loans and receivables
- 14. Held-to-maturity financial assets 15. Investments in associates
- 16. Intangible assets
- 17. Property, plant and equipment
- 18. Tax
- 19. Deferred tax
- 20. Other assets 21. Prepayments and accrued income 22. Derivative positions held on behalf of clients
- 23. Customer deposits 24. Financial liabilities at amortised cost 25. Provisions
- 26. Other liabilities 27. Accruals and deferred income
- 28. Shareholders' equity
- Notes to the consolidated income statement
- 29. Interest 30. Commission
- 31. Other income 32. Result on investments 33. Impairment losses on financial instruments 34. Employee expenses
- 35. Depreciation and amortisation 36. Other operating expenses 37. Earnings per share (euros)
- 38. Diluted earnings per share (euros) 39. Paid and proposed dividend
- 40. Related party disclosures
- 41. Liabilities not shown on the face of the balance sheet
- 42. Post-balance-sheet events 43. Segment information
- 44. Financial risks
- 45. Fair value financial instruments
- Company Financial Statements
- Notes to the company financial statements
- Notes to the company balance sheet
- C. Cash and balances with central banks d. Due from Banks e. Financial assets held for trading f. Financial assets at fair value through profit and loss
- G. Available-for-sale financial assets h. Loans and receivables i. Held-to-maturity financial assets j. Investments in subsidiaries and associates
- K. Intangible assets
- L. Property, plant and equipment
- M. Current tax assets n. Deferred tax o. Other assets
- P. Prepayments and accrued income q. Customer deposits r. Financial liabilities at amortised cost s. Provisions
- T. Other liabilities u. Accruals and deferred income
- V. Shareholders' equity w. Other information
Notes to the company balance sheet
31 December 2008
31 December 2007
x € 1,000
x € 1,000
g. Available-for-sale financial assets
1,045,115
8,117
This item comprises:
- Government bonds/government-guaranteed bonds
529,415
-
- Other bonds
515,700
8,117
1,045,115
8,117
Movements in available-for-sale financial assets were:
Carrying amount as at 1 January
8,117
9,047
Purchases
2,082,927
-
Sales
(1,030,530)
-
Redemptions
(20,569)
-
Revalidation gains and losses
5,170
(930)
Carrying amount as at 31 December
1,045,115
8,117
h. Loans and receivables
227,725
497,762
This item comprises receivables from private sector clients,
including overnight loans and overdrafts that are collateralised by
securities and bank guarantees (lending against securities)
The analysis is as follows:
Public sector loan
-
5,000
Receivables collateralised by securities
225,028
490,560
Receivables collateralised by bank guarantees
2,140
2,144
Other receivables
1,034
1,163
Loans and receivables, gross
228,202
498,867
Less: impairment provision
(477)
(1,105)
Loans and receivables, net
227,725
497,762
The interest rate on the receivables under this heading is based on
EURIBOR or EONIA. Other receivables refers to remaining amounts
receivable after execution of collateral (securities and bank
guarantees).
i. Held-to-maturity financial assets
12,558
623,498
This item comprises:
- Government bonds
12,558
16,875
- Private loans to credit institutions
-
7,025
- Commercial paper (government-guaranteed)
-
599,598
12,558
623,498
j. Investments in subsidiaries and associates
285,236
72,833
Movements during the year were as follows:
Carrying amount as at 1 January
72,833
22,639
Capital increases and acquisitions
204,004
50,525
Disposals and dissolutions
(1,627)
-
Dividends and capital refunds
(5,609)
(9,750)
Results for the year
13,558
9,544
Movement in revaluation reserve for associates
2,216
-
Exchange differences and other movements
(139)
(125)
Carrying amount as at 31 December
285,236
72,833
This item includes a loan of € 1,200,000 granted to Accion N.V. for a
period of four years at an interest rate of 8%. No collateral has been
furnished for this loan.