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
45. Fair value financial instruments
Fair value
The following analysis compares the carrying
amounts and fair values of all the financial
instruments recognised in BinckBank's financial
statements, including assets and liabilities
classified as available for sale.
Carrying amount
Fair value
2008
2007
2008
2007
Financial assets
Cash and balances with central banks
39,289
9,522
39,289
9,522
Banks
244,412
422,028
244,412
422,028
Financial assets held for trading
-
63
-
63
Financial assets at fair value through profit or loss
37,033
268,617
37,033
268,617
Available-for-sale financial assets
1,298,233
8,117
1,298,233
8,117
Loans and receivables
227,725
497,762
227,725
497,762
Held-to-maturity financial assets
12,558
623,498
12,354
623,150
Other assets
9,311
7,689
9,311
7,689
Prepayments and accrued income
35,774
23,659
35,774
23,659
Derivative positions held on behalf of clients
273,225
455,240
273,225
455,240
Total
2,177,560
2,316,195
2,177,356
2,315,847
Financial liabilities
Customer deposits
1,747,699
1,772,822
1,747,699
1,772,822
Liabilities in the form of securities
-
1,080
-
1,080
Other liabilities
48,069
31,454
48,069
31,454
Accruals and deferred income
23,350
22,152
23,350
22,152
Derivative positions held on behalf of clients
273,225
455,240
273,225
455,240
Total
2,092,343
2,282,748
2,092,343
2,282,748
The fair value of the interest-bearing securities
The fair value of loans and receivables is
included in the financial assets is measured on the
determined by calculating the present value of the
basis of bid prices in active markets. The available-
expected future cash flows at the prevailing
for-sale financial assets include securities on which
interest rates. The fair value of the loans and other
there are unrealised losses of € 4.9 million. At this
financial assets is calculated by applying market
stage, however, there are no indications of
interest rates.
impairment.