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 financial statements
a. General
Company information
BinckBank N.V. is a company established in the Netherlands with its domicile in Amsterdam, whose shares are
publicly traded. BinckBank N.V. provides conventional and internet broking services in securities and derivative
transactions for private and professional investors. The subsidiary Syntel Beheer B.V. specialises in developing
software for financial institutions for processing and keeping account of securities transactions. In the following
pages, the name `BinckBank' will be used to refer to BinckBank N.V. and its various subsidiaries.
BinckBank's company financial statements for the year ended 31 December 2008 have been prepared by the
company's Management Board and approved for publication pursuant to a formal decision taken by the
Management Board and the Supervisory Board on 6 March 2009. The financial statements for 2008 will be
adopted at the General Meeting of Shareholders to be held on 28 April 2009.
Management Board:
Supervisory Board:
T.C.V. Schaap
C.J.M. Scholtes
P. Aartsen
J.K. Brouwer
N. Bortot
L. Deuzeman
E.J.M. Kooistra
A.M. van Westerloo
Presentation of the financial statements
Utilising the option provided by Part 9 of Book 2 of the Netherlands Civil Code, BinckBank has prepared its
company financial statements using the same accounting policies as those used for the consolidated financial
statements. In accordance with the provisions of Article 2:402 of the Netherlands Civil Code, the company income
statement shows only the share in results of subsidiaries and associates after tax and other profits after tax.
b. Accounting policies
General
Details of the accounting policies can be found in the notes to the consolidated financial statements and, unless
otherwise stated, apply equally to the company financial statements.
Investments in subsidiaries and associates
The investments in group companies are recognised at net asset value. The reporting dates of these companies
are the same and the accounting policies applied to their financial reporting are in accordance with those applied
by BinckBank for similar transactions and events in similar circumstances.