TlB Annual Report 2009 - Triodos Bank

FISCAL ENTITY
Triodos Bank, as a parent company, forms a tax entity for turnover tax and corporate income tax purposes with
Triodos Assurantiën, Triodos Cultuurbank, Triodos Investment Management, Kantoor Buitenzorg and Kantoor
Nieuweroord as subsidiaries. The method chosen for the setting-off of taxation between Triodos Bank and the
subsidiaries is that of proceeding as if the legal entities were independently liable to pay tax. In fact, the legal
entities are jointly and severally liable for the tax liabilities of the companies belonging to the tax entity.
RELATED PARTIES
Triodos Bank has links with the following legal entities:
Triodos Bank provides services to Sustainalytics, Analistas Internacionales and Sostenibilidad (AIS), Triodos Real
Estate Development and Triodos Fair Share Fund at competitive rates. The services relate to the secondment of
co-workers, management services, administration, accommodation, ICT and advertising. Sustainalytics took over
personnel of Triodos Bank while the services provided ended.
Triodos Bank holds funds of and provides banking services to related parties at competitive rates.
Triodos Bank provides credit facilities and bank guarantees to investment funds and international funds at
competitive rates.
Triodos Bank lets office accommodation to Triodos Facet at a competitive lease.
Triodos Bank has acted as a guarantor for Triodos Groenfonds at a competitive guarantee commission.
Triodos Bank and Triodos Investment Management carry out management activities for investment funds and
receive a competitive management fee for these activities.
Triodos Custody performs custodial services for Triodos Fair Share Fund at a competitive fee.
Triodos Bank distributes and registers securities, issued by investment funds and placed with customers of
Triodos Bank, at competitive rates.
Triodos Bank performs currency transactions for investment funds and international funds at competitive rates.
Triodos Investment Management provided services to Sicav II regarding the launch of new investment funds at a
competitive fee.
Triodos Bank receives compensation from Triodos Groenfonds for lower interest rates on loans that were
acquired from Triodos Groenfonds.
Triodos Investment Management obtains information for research into sustainability from Analistas
Internacionales and Sostenibilidad (AIS) and Sustainalytics at competitive rates.
Triodos Bank rents an office building owned by Triodos Vastgoedfonds at a competitive lease.
Triodos Bank receives advice in the area of appraisal from Triodos Real Estate Development at competitive rates.
Triodos Mees Pierson passes on a share of the received administration fee to Sustainalytics as remuneration for
their share in the performed administration activities.
Triodos Mees Pierson manages an investment portfolio of Triodos Groenfonds at a competitive management fee.
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