TlB Annual Report 2009 - Triodos Bank

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TO THE ANNUAL GENERAL MEETING OF DEPOSITORY RECEIPT HOLDERS OF TRIODOS BANK NV Auditor’s report REPORT ON THE FINANCIAL STATEMENTS We have audited the 2009 financial statements of Triodos Bank NV, Zeist, which are included on pages 83 to 146 of this report, which comprise the consolidated and company balance sheet as at 31 December 2009, the consolidated and company profit and loss account for 2009 and the notes. MANAGEMENT’S RESPONSIBILITY Management is responsible for the preparation and fair presentation of the financial statements and for the preparation of the management board report, both in accordance with Part 9 of Book 2 of The Netherlands Civil Code. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. AUDITOR’S RESPONSIBILITY Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with Dutch law. This law requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION In our opinion, the financial statements give a true and fair view of the financial position of Triodos Bank NV as at 31 December 2009, and of its result for the year then ended in accordance with Part 9 of Book 2 of The Netherlands Civil Code. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS Pursuant to the legal requirement under 2:393 sub 5 part f of The Netherlands Civil Code, we report, to the extent of our competence, that the management board report is consistent with the financial statements as required by 2:391 sub 4 of The Netherlands Civil Code. Amstelveen, 24 February 2010 KPMG ACCOUNTANTS NV P.A.M. de Wit RA 148 TRIODOS BANK - ANNUAL REPORT 2009
Foundation for the Administration of Triodos Bank Shares (SAAT) Statement of the shares taken in trust and the issued depository receipts of Triodos Bank NV as at 31 December 2009. in thousands of EUR 31.12.2009 31.12.2008 Triodos Bank NV shares taken in trust, having a nominal value of EUR 50 each 221,029 146,075 Issued depository receipts of Triodos Bank NV, having a nominal value of EUR 50 each 221,029 146,075 Zeist, 24 February 2010 Board of Trustees Jan van Apeldoorn Marjatta van Boeschoten Luis Espiga Chris Maryns-van Autreve Jan Nijenhof, Chair Max Rutgers van Rozenburg AUDITOR’S REPORT INTRODUCTION We have audited the above statement that shows the position as at 31 December 2009 in respect of the shares placed in trust and the depository receipts of Triodos Bank NV shares issued by the Stichting Administratiekantoor Aandelen Triodos Bank, Zeist. This statement is the responsibility of the Foundation’s management. Our responsibility is to express an opinion on this statement, based on our audit. SCOPE We conducted our audit in accordance with auditing standards generally accepted in The Netherlands and we believe that our audit provides a reasonable basis for our opinion. OPINION In our opinion, this statement provides a true and fair view of the Triodos Bank NV shares placed in trust and the issued depository receipts of Triodos Bank NV shares as at 31 December 2009. Amstelveen, 24 February 2010 KPMG ACCOUNTANTS NV P.A.M. de Wit RA TRIODOS BANK - ANNUAL REPORT 2009 149
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TlB Annual Report 2009
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Key figures in pounds amounts in mi
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Triodos Bank nv ANNUAL REPORT 2009
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Triodos Group Structure at 1 Januar
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▼ Supervisory Board Annual Report
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Executive Board Annual Report The y
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other inspiring values-driven banks
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Statement of funds entrusted per br
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sustainability levels of the variou
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depository receipt was eur 71, incr
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Triodos Bank The Netherlands 2009 w
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Key figures The Netherlands amounts
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Triodos Bank Belgium The Belgian ba
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Key figures Belgium amounts in thou
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Triodos Bank United Kingdom The fin
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Key figures United Kingdom amounts
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Triodos Bank Spain The economic cri
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Key figures Spain amounts in thousa
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Triodos Bank Germany On 1 December
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TRIODOS BANK - ANNUAL REPORT 2009 3
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Triodos Bank Private Banking Privat
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Key figures Triodos Bank Private Ba
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Triodos Investment Management Triod
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in developing countries. The fund d
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TRIODOS SICAV II-TRIODOS MICROFINAN
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TRIODOS MEERWAARDE AANDELENFONDS (T
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Key figures Triodos Investment Mana
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Risk Management and Compliance Trio
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Lending decisions are made by local
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alance sheet and profit and loss ar
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isk appetite is economic capital. T
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Corporate Governance Triodos Bank i
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Statement of institutions with a pa
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Stakeholder dialogue Triodos Bank m
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TRIODOS BANK - ANNUAL REPORT 2009 6
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Young co-workers in particular were
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salaries. No bonuses were distribut
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▼ Environmental report This repor
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WASTE As a result of the ems evalua
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BASIS OF NOTES AND ENVIRONMENTAL KE
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Environmental key figures absolute
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Consolidated balance sheet as at 31
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Consolidated statement of changes i
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Consolidated cashflow statement for
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GOVERNMENT PAPER AND INTEREST-BEARI
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TAXATION ON OPERATING RESULT Taxes
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The balance sheet value of the bank
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Part of the value of securities is
Page 102 and 103: The movement in goodwill paid is as
Page 104 and 105: The movement in equipment is as fol
Page 106 and 107: The movement of the provisions is a
Page 108 and 109: Fair values The following table set
Page 110 and 111: INCOME 20. INTEREST INCOME 2009 200
Page 112 and 113: EXPENSES 26. CO-WORKER AND OTHER AD
Page 114 and 115: The salary expenses and reimburseme
Page 116 and 117: 27. DEPRECIATION, AMORTISATION AND
Page 118 and 119: Segment reporting KEY FIGURES 2009
Page 120 and 121: KEY FIGURES 2008 BY BRANCH AND BUSI
Page 122 and 123: LENDING BY SECTOR IN 2009 in thousa
Page 124 and 125: LENDING BY SECTOR IN 2008 in thousa
Page 126 and 127: Solvency in thousands of EUR The so
Page 128 and 129: Risk management in thousands of EUR
Page 130 and 131: Corporates: 100%; Retail exposures:
Page 132 and 133: Risk-weighted value per country The
Page 134 and 135: The following table sets out the ac
Page 136 and 137: Notes: Interest bearing securities
Page 138 and 139: Solutions for Biotectura is an inno
Page 140 and 141: Company balance sheet as at 31 Dece
Page 142 and 143: Company statement of changes in the
Page 144 and 145: Notes to the company’s financial
Page 146 and 147: The movement in goodwill paid is as
Page 148 and 149: 36. PROVISIONS 2009 2008 Pension pr
Page 150 and 151: Auditor’s fees The table below sp
Page 154 and 155: Two years ago, Vincent Remy receive
Page 156 and 157: helping to make sure that we combin
Page 158 and 159: Board of SAAT MR. J.C. VAN APELDOOR
Page 160 and 161: MR. J. LAMERS (1948) Jan Lamers is
Page 162 and 163: Alara in Camden, London, makes cere
Page 164 and 165: GRI Content Index Triodos Bank prep
Page 166 and 167: SOCIAL PERFORMANCE INDICATORS: SOCI
Page 168 and 169: Production Triodos Bank NV 2009 Ann
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