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
p. Prepayments and accrued income
30,962
22,442
This item comprises:
Interest receivable
25,777
16,163
Commission receivable
2,426
2,392
Other prepayments and accrued income
2,759
3,887
30,962
22,442
q. Customer deposits
1,747,699
1,772,822
This item comprises:
Savings accounts
861,239
624,774
Demand deposits
886,460
1,148,048
1,747,699
1,772,822
r. Financial liabilities at amortised cost
-
1,080
The profit-sharing bond loan concerns a loan granted by a group of
employees. With the agreement of the bondholders, the entire loan
was repaid in January 2008.
s. Provisions
93
146
The movements in the provision for onerous contracts were
as follows:
Carrying amount as at 1 January
146
199
Released to income
(53)
(53)
Carrying amount as at 31 December
93
146
The provision for onerous contracts has been recognised in respect
of rented office space, where the costs of the lease are higher than
the economic benefits expected to be generated by the contract.
The period for which the provision has been formed is equal to the
remaining period of the lease, which expires on 1 October 2010, but
will be reduced as and when the economic benefits are deemed
likely to exceed the costs. The discount rate applied to this provision
is equal to the expected future rate of increase in the rent.