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 consolidated income statement
2008
2007
x € 1,000
x € 1,000
31. Other income
6,162
5,504
This item comprises:
Revenue from IT services
4,742
5,377
Subscriptions and course fees
1,420
127
6,162
5,504
Included under this heading are all gains and losses that cannot
be accounted for under other items.
32. Result on investments
1,230
286
This item comprises:
Financial assets held for trading
892
245
Financial assets at fair value through profit or loss
46
41
Available-for-sale financial assets
292
-
1,230
286
33. Impairment losses on financial instruments
(205)
(1,089)
This item comprises:
Available-for-sale financial assets
-
-
Loans and receivables
(205)
(1,089)
Held-to-maturity financial assets
-
-
(205)
(1,089)
34. Employee expenses
38,443
17,450
This item comprises:
Salaries
23,810
10,635
Social security charges
3,039
1,341
Pension charges
1,637
845
Profit sharing and other bonuses
3,527
1,860
Other employee expenses
6,430
2,769
38,443
17,450
The research and development costs not capitalised by the
subsidiary Syntel amounted to € 156,000 (2007: € 118,000).
Average number of employees
The average number of employees in 2008, including members of
the Management Board, was 520 (2007: 243). The number at
year-end 2008 was 559 (year-end 2007: 481 including employees
added with the acquisition of Alex).
Details of the remuneration paid to the individual members of the
Management Board and Supervisory Board of BinckBank N.V. are
disclosed in the remuneration section of the directors' report (page
79). This information forms part of the consolidated financial
statements.