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Binck Bank


 

2009

 

2008

   

x 1,000

   

x   1,000

           

34. Dividend distributed and proposed

         
           

Declared and paid during the year

         

Dividend on ordinary shares:

         

Final dividend for 2008: €0.21 (2007: €0.15)

 

15,773

   

11,560

Interim dividend for 2009: €0.21 (2008: €0.20)

 

15,670

   

15,413

   

31,443

   

26,973

           

Proposed for approval by the General Meeting of Shareholders
(not recognised as a liability as at 31 December)

         

Dividend on ordinary shares:

 

23,581

   

16,190

Final dividend for 2009: €0.31 (2008: €0.21)

         
 

35. Fair value of financial instruments

Financial instruments measured at fair value:

Level 1: quotations in active markets

Level 2: proprietary valuation techniques for which input can be derived from observable market data

Level 3: proprietary valuation techniques for which input cannot be derived from observable market data

The following analysis shows the financial instruments measured at fair value classified according to measurement level:

 
               

31 December 2009

Level 1

 

Level 2

 

Level 3

 

Total

x 1,000

             
               

Financial assets at fair value through profit and loss

37,294

 

-

 

-

 

37,294

               

Available-for-sale financial assets

1,511,903

 

-

 

-

 

1,511,903

               
 

1,549,197

 

-

 

-

 

1,549,197

               
               

31 December 2008

Level 1

 

Level 2

 

Level 3

 

Total

x 1,000

             
               

Financial assets at fair value through profit and loss

37,033

 

-

 

-

 

37,033

               

Available-for-sale financial assets

1,298,233

 

-

 

-

 

1,298,233

               
 

1,335,266

 

-

 

-

 

1,335,266

 

Fair value

The following analysis compares the carrying amounts and fair values of all the financial instruments recognised in BinckBank’s financial statements.

 
 

Carrying amount

 

Fair value

 

2009

 

2008

 

2009

 

2008

 

x 1,000

 

x 1,000

 

x 1,000

 

x 1,000

Financial assets

             

Cash and balances with central banks

48,936

 

39,289

 

48,936

 

39,289

Banks

179,692

 

244,412

 

179,692

 

244,412

Financial assets at fair value through profit and loss

37,294

 

37,033

 

37,294

 

37,033

Available-for-sale financial assets

1,511,903

 

1,298,233

 

1,511,903

 

1,298,233

Loans and receivables

410,169

 

227,725

 

410,169

 

227,725

Held-to-maturity financial assets

8,329

 

12,558

 

8,529

 

12,354

Associates

-

 

1,200

 

-

 

1,200

               

Total financial assets

2,196,323

 

1,860,450

 

2,196,523

 

1,860,246

               

Financial liabilities

             

Customer deposits

2,089,814

 

1,747,699

 

2,089,814

 

1,747,699

               

Total financial liabilities

2,089,814

 

1,747,699

 

2,089,814

 

1,747,699