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
35. Depreciation and amortisation
31,789
1,699
This item comprises amortisation and depreciation on:
Intangible assets
29,653
955
Property, plant and equipment
2,232
929
Depreciation and amortisation attributed to discontinued
operations
(96)
(185)
31,789
1,699
36. Other operating expenses
37,316
14,190
This item comprises:
Marketing costs
10,561
5,109
ICT and outsourcing costs
10,106
3,303
Premises costs
3,793
1,868
Regulatory costs
682
200
Communication and information costs
6,043
1,812
Miscellaneous overheads
6,131
1,898
37,316
14,190
The miscellaneous overheads include costs associated with the
integration of Binck and Alex.
37. Earnings per share (euros)
The basic earnings per ordinary share are calculated by dividing the
profit for the period attributable to ordinary shareholders by the
weighted average number of ordinary shares in issue during the
period.
The calculation of the earnings per share is based on the following:
Profit on continuing operations (after tax)
33,039
30,599
Profit on discontinued operations (after tax)
106
1,556
Number of shares in issue on 1 January
77,093,508
30,837,403
Less: repurchased shares on 1 January
(129,137)
(253,145)
76,964,371
30,584,258
Weighted average number of shares relating to (*):
Stock option shares issued to Management Board members
and employees
43,895
18,007
Exercise of options
19,977
67,308
Shares reacquired from staff
(318)
-
Shares acquired through treasury share repurchase programme
(157,055)
Share issue
-
2,160,313
Average number of shares in issue
76,870,870
32,829,886
(*) for full details, see note 28. The above numbers are based on
the total numbers disclosed in note 28, taking account of the date
of reacquisition/exercise.
Earnings per share on continuing operations (euros)
0.43
0.93
Earnings per share on discontinued operations (euros)
0.00
0.05
0.43
0.98