Annual report 2009
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BinckBank overview
Profile of BinckBank
Key figures
Chairman's message
Key events in 2009
CVs of executive board members
Vision, mission, strategy and aims
Information for shareholders
Report of the executive board
General review of 2009
Review of the consolidated results
Retail business unit
Professional Services business unit
Outlook
Risk management & capital management
Personnel & organisation
Corporate social responsibility
In Control Statement
Corporate governance
Introduction
The Code
The Banking Code
Principles for a controlled remuneration policy
Conclusion
Report of the supervisory board
The year 2009
Composition of the executive and supervisory board
Meetings of the supervisory board in 2009
Meetings of the audit committee in 2009
Remuneration of the executive board
Broad outlines of the remuneration report
Consultation with the Works Council
Financial statements and dividend
Concluding
CVs of supervisory board members
Financial Statements
Consolidated Financial Statements
Notes to the consolidated financial statements
Notes to the consolidated balance sheet
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
Other notes to the company financial statements
Other data
Auditors' Report
Provisions of the Articles of Association regarding priority shares (Articles 15 and 21)
Provisions of the Articles of Association regarding profit appropriation (Article 32)
Proposal for profit appropriation
Definitions and ratios
Binck Bank
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BinckBank overview
Profile of BinckBank
Key figures
Chairman's message
Key events in 2009
CVs of executive board members
Koen N. Beentjes, Chairman of the executive board
Pieter Aartsen, Executive board member
Evert-Jan M. Kooistra, Executive board member and CFO
Nick Bortot, Executive board member
Vision, mission, strategy and aims
Vision and Mission
Ambition
Where does BinckBank stand at the end of 2009?
BinckBank from a European perspective
Competitive basis for European growth
BinckBank’s strengths, weaknesses, opportunities and threats
Strategy & aims
Information for shareholders
Key figures for BinckBank shares
BinckBank shares
The share buy-back programme
Dividend policy
2009 dividend proposal
Shareholdings
Investor Relations
Financial calendar 2010
Report of the executive board
General review of 2009
Review of the consolidated results
Retail business unit
Introduction
Developments in 2009
Results
Professional Services business unit
Introduction
Developments in 2009
Results
Outlook
Risk management & capital management
Key developments in 2009
BinckBank’s risk profile
Risks for BinckBank
Capital and solvency
Risk management accountability
Personnel & organisation
Employees – key figures
Key developments in 2009
BinckBank as an employer
Plans for 2010
Message from the Works Council
Corporate social responsibility
In Control Statement
Corporate governance
Introduction
The Code
Legal structure
Executive board
Risk management
Supervisory board
Annual general meeting of shareholders
Compliance with the Code
Anti-takeover defences
Article 10 of the Takeover Directive Decree
The Banking Code
Principles for a controlled remuneration policy
Conclusion
Report of the supervisory board
The year 2009
Composition of the executive and supervisory board
Meetings of the supervisory board in 2009
Meetings of the audit committee in 2009
Remuneration of the executive board
Broad outlines of the remuneration report
General
2009 remuneration policy
Cap on variable pay in 2009
Settlement of accumulated rights of the executive board members under the 2008 and 2009 remuneration policies
Loans issued to members of the executive board
Remuneration of the supervisory board and Audit Committee for the 2009 financial year
Consultation with the Works Council
Financial statements and dividend
Concluding
CVs of supervisory board members
Kees J.M. Scholtes, Chairman
Hans K. Brouwer
Fons M. van Westerloo
Leo Deuzeman
Financial Statements
Consolidated Financial Statements
Consolidated balance sheet
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated cash flow statement
Consolidated statement of changes in equity
Notes to the consolidated financial statements
1. General
2. Basis for consolidation
3. Related party disclosures
4. Recognition and measurement of assets, equity and liabilities
5. Recognition and measurement of income and expenses
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
25. Net interest income 26. Net commission income
27. Other income 28. Result from financial instruments 29. Impairments of financial assets 30. Employee expenses
31. Depreciation and amortisation 32. Other operating expenses 33. Earnings per share
Other notes to the consolidated financial statements
34. Dividend distributed and proposed 35. Fair value of financial instruments
36. Classification of assets and liabilities by expected maturity
37. Related parties
38. Liabilities not shown in the balance sheet 39. Events after balance sheet date
40. Segmentation statement
41. Risk management
Company Financial Statements
Company balance sheet
Company income statement
Company statement of changes in equity
Notes to the company financial statements
A. General b. Accounting policies
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
S. Note on audit expenses t. Liabilities not shown in the balance sheet u. Events after balance sheet date
Other data
Auditors' Report
Provisions of the Articles of Association regarding priority shares (Articles 15 and 21)
Provisions of the Articles of Association regarding profit appropriation (Article 32)
Proposal for profit appropriation
Definitions and ratios