Annual report 2009
Binck Bank
- Consolidated Financial Statements
- Notes to the consolidated financial statements
- Notes to the consolidated balance sheet
- 6. Cash and balances with central banks 7. Banks 8. Financial assets at fair value through profit and loss 9. Available-for-sale financial assets 10. Loans and receivables 11. Held-to-maturity investments
- 12. Investments in associates and joint ventures
- 13. Intangible assets
- 14. Property, plant and equipment 15. Current tax
- 16. Deferred tax
- 17. Other assets 18. Prepayments and accrued income 19. Derivative positions held on behalf of clients 20. Customer deposits
- 21. Provisions 22. Other liabilities 23. Accruals and deferred income
- 24. Equity
- Notes to the consolidated income statement
- Other notes to the consolidated financial statements
- Company Financial Statements
- Notes to the company financial statements
- Notes to the company balance sheet
- C. Cash and balances with central banks d. Banks e. Loans and receivables
- F. Bonds and other fixed-income securities
- G. Investments in associates and joint ventures
- H. Intangible assets
- I. Property, plant and equipment
- J. Current tax k. Deferred tax l. Other assets m. Prepayments and accrued income
- N. Customer deposits o. Other liabilities p. Accruals and deferred income q. Provisions
- R. Equity
- Other 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 online 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 accounting for 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 2009 have been prepared by the company’s executive board and approved for publication pursuant to a formal decision taken by the executive board and the supervisory board on 18 February 2010. The financial statements for 2009 will be adopted at the General Meeting of Shareholders to be held on 26 April 2010.
Amsterdam,
| Executive board: | Supervisory board: |
| K.N. Beentjes (chairman) | C.J.M. Scholtes (chairman) |
| E.J.M. Kooistra (CFO) | J.K. Brouwer |
| P. Aartsen | L. Deuzeman |
| N. Bortot | 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 profits of associates and joint ventures after tax and other profits after tax.
b. Accounting principles
General
Details of the accounting principles can be found in the notes to the consolidated financial statements and, unless otherwise stated, apply equally to the company financial statements.
The statement as referred to in Articles 2:379 and 2:414 of the Netherlands Civil Code is filed with the Trade Register of the Chamber of Commerce in Amsterdam.
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.