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
5. Recognition and measurement of
The income from other investments is attributed to
income and expenses
the year to which it relates. Dividends received
from other investments are recognised as soon as
General
the right to receive payment is acquired. Realised
Income and expense items are recognised in the
gains and losses on the fair value of the other
period to which they relate, having due regard to
investments are recognised in other income.
the above accounting policies for the recognition
and measurement of assets, equity and liabilities.
Work in progress on contracts for third parties
Revenues are recognised if it is probable that their
BinckBank uses the percentage of completion
economic benefits will flow to BinckBank and the
method to measure the revenue generated by each
revenue can be reliably measured.
contract on the balance sheet date. The percentage
of completion is determined by comparing the total
Interest income and expense
estimated costs for a project with the actual costs
Interest income and expense is recognised in the
up to the balance sheet date. BinckBank recognises
year to which it relates. Interest income is
the positive or negative balance of the revenue less
measured using the effective interest method. The
invoiced instalments for each project in other
accrued interest income recognised on securities in
assets or other liabilities, respectively.
portfolio is included in the interest margin.
Share in profits of associates
Commission income and expense
This concerns BinckBank's share in the results of its
Commission income and expense comprises
associates. If the carrying amount of the
payments, excluding interest, received or receivable
investment in an associate falls to nil, no further
from third parties and paid or payable to third
losses are recognised unless BinckBank has
parties, respectively, whether on a non-recurring or
accepted liabilities on behalf of the associate
more regular basis, in respect of services provided.
concerned or has already made payments on behalf
of the associate.
Other income
Other income comprises amounts charged to third
Tax
parties during the year in respect of goods and
The tax expense is recognised in the income
services supplied relating to hardware and
statement unless the tax relates to items
software, together with the income from other
recognised directly in equity, in which case the tax
investments.
is also recognised in equity.