TlB Annual Report 2009 - Triodos Bank

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Key figures in US-dollars amounts in millions of US-dollars # 2009 2008 2007 2006 2005 Financial Equity 453 284 295 163 142 Number of depository receipt holders 14,778 11,797 12,084 9,039 9,271 Funds entrusted 3,723 2,890 2,380 1,786 1,268 Number of accounts 228,030 169,517 130,644 102,318 87,989 Loans 2,393 1,768 1,500 1,125 787 Number 14,438 9,381 6,181 3,977 3,682 Balance sheet total 4,304 3,289 2,775 2,026 1,445 Funds under management* 2,701 1,918 2,104 1,689 1,278 Total assets under management 7,005 5,207 4,879 3,715 2,723 Total income 127.3 102.6 87.2 60.5 43.3 Operating expenses -101.5 -77.3 -70.3 -48.4 -34.7 Value adjustments to receivables Value adjustments to participating -7.2 -4.4 0.9 -0.4 0.6 interests -0.7 -1.4 — — — Operating result before taxation 17.9 19.5 17.8 11.7 9.2 Taxation on operating result -4.2 -5.4 -4.6 -3.6 -2.9 Net profit 13.7 14.1 13.2 8.1 6.3 Solvency (BIS ratio)** 16.3% 13.0% 16.8% 13.5% 14.3% Operating expenses/total income 80% 75% 81% 80% 80% Return on equity in % 4.2% 5.0% 5.6% 5.0% 5.0% Per share (in USD) Net asset value at year end 102 97 103 91 79 Net profit*** 4.29 4.88 5.67 4.48 3.99 Dividend 2.81 2.71 2.87 2.37 1.95 Social Number of co-workers at year end**** 576 477 397 349 301 Co-worker turnover 10% 14% 18% 20% 19% Women as percentage of management team 27% 29% 33% 33% 36% Training costs per fte in USD Ratio between the highest 1,899 1,719 1,750 1,279 1,255 and the lowest salary 8.5 7.7 7.3 7.0 6.8 Environment Emission of CO2 (1,000 kg)***** 2,604 2,097 1,454 1,163 1,013 CO2 compensation 100% 100% 100% 100% 100% # Converted to US-dollars at the mid-market exchange rate applying at each year end. * Including funds under management with affiliated parties that have not been included in the consolidation. ** With effect from 2008, the solvency is calculated in accordance with the new Basel II directives. The comparable figure for 2007 has been adjusted. *** The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year. **** Concerns all co-workers employed by Triodos Bank NV, excluding co-workers employed by the joint venture Triodos MeesPierson. The comparable figure for 2008 has been adjusted. ***** The CO2 calculation method was changed in 2009 and the comparable figure for 2008 has been recalculated.
Triodos Bank nv ANNUAL REPORT 2009 IMPORTANT DATA FOR TRIODOS BANK’S SHAREHOLDER AND DEPOSITORY RECEIPT HOLDERS Annual General Meeting of Shareholders 21 May 2010 Ex-dividend date 25 May 2010 Dividend payment date 26 May 2010 The cover image is taken from ‘Earth like water’, a painting by Mikel Eguskiza for the German Branch of Triodos Bank. Mikel actively promoted the Proyecto Trust, the company that became Triodos Bank Spain.‘For several years, my work has focused on the four elements of water, earth, wind and fire. I look for connections between colour and shapes; in that sense, the idea of movement is very important to me because it guides me throughout the artistic process. These images are painted directly with my hands as the most versatile ‘tool’ I have. This artistic experience has awoken me to the unceasing activity of elements, as active qualities throughout life.’ Mikel Eguskiza. TlB
Page 1 and 2: TlB Annual Report 2009
Page 3: Key figures in pounds amounts in mi
Page 8 and 9: Triodos Group Structure at 1 Januar
Page 11 and 12: ▼ Supervisory Board Annual Report
Page 13 and 14: Executive Board Annual Report The y
Page 15 and 16: other inspiring values-driven banks
Page 17 and 18: Statement of funds entrusted per br
Page 19 and 20: sustainability levels of the variou
Page 21 and 22: depository receipt was eur 71, incr
Page 23 and 24: Triodos Bank The Netherlands 2009 w
Page 25 and 26: Key figures The Netherlands amounts
Page 27 and 28: Triodos Bank Belgium The Belgian ba
Page 29 and 30: Key figures Belgium amounts in thou
Page 31 and 32: Triodos Bank United Kingdom The fin
Page 33 and 34: Key figures United Kingdom amounts
Page 35 and 36: Triodos Bank Spain The economic cri
Page 37 and 38: Key figures Spain amounts in thousa
Page 39 and 40: Triodos Bank Germany On 1 December
Page 41 and 42: TRIODOS BANK - ANNUAL REPORT 2009 3
Page 43 and 44: Triodos Bank Private Banking Privat
Page 45 and 46: Key figures Triodos Bank Private Ba
Page 47 and 48: Triodos Investment Management Triod
Page 49 and 50: in developing countries. The fund d
Page 51 and 52: TRIODOS SICAV II-TRIODOS MICROFINAN
Page 53 and 54: 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
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The movement in goodwill paid is as
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The movement in equipment is as fol
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The movement of the provisions is a
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Fair values The following table set
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INCOME 20. INTEREST INCOME 2009 200
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EXPENSES 26. CO-WORKER AND OTHER AD
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The salary expenses and reimburseme
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27. DEPRECIATION, AMORTISATION AND
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Segment reporting KEY FIGURES 2009
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KEY FIGURES 2008 BY BRANCH AND BUSI
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LENDING BY SECTOR IN 2009 in thousa
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LENDING BY SECTOR IN 2008 in thousa
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Solvency in thousands of EUR The so
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Risk management in thousands of EUR
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Corporates: 100%; Retail exposures:
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Risk-weighted value per country The
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The following table sets out the ac
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Notes: Interest bearing securities
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Solutions for Biotectura is an inno
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Company balance sheet as at 31 Dece
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Company statement of changes in the
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Notes to the company’s financial
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The movement in goodwill paid is as
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36. PROVISIONS 2009 2008 Pension pr
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Auditor’s fees The table below sp
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TO THE ANNUAL GENERAL MEETING OF DE
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Two years ago, Vincent Remy receive
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helping to make sure that we combin
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Board of SAAT MR. J.C. VAN APELDOOR
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MR. J. LAMERS (1948) Jan Lamers is
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Alara in Camden, London, makes cere
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GRI Content Index Triodos Bank prep
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SOCIAL PERFORMANCE INDICATORS: SOCI
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Production Triodos Bank NV 2009 Ann
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TlB Annual Report 2009 - Triodos Bank

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