Balance sheet as at December 31, 2021

 

AssetsnoteDec. 31, 2021 € millionDec. 31, 2020 € million
Cash and cash equivalents20.156,973120,961
Loans and advances to banks21.15,84319,730
Loans and advances to customers21.944,028890,576
Hedging instruments (positive fair values)22.389160
Financial assets held for trading23.47,44242,5861
Investments24.248,390255,374
Loss allowances25.–9,562–10,470
Investments held by insurance companies26.127,793120,580
Property, plant and equipment, investment property and right-of-use assets27.15,74214,564
Income tax assets28.4,4274,2681
Other assets29.14,98617,562
Total assets1,566,4511,475,891

1 Amount adjusted.

 

Equity and liabilitiesnoteDec. 31, 2021 € millionDec. 31, 2020 € million
Deposits from banks30.193,809160,924
Deposits from customers30.984,926937,876
Debt certificates issued including bonds31.63,52158,365
Hedging instruments (negative fair values)22.3,8697,557
Financial liabilities held for trading32.40,04546,8021
Provisions33.13,14513,574
Insurance liabilities34.118,863111,213
Income tax liabilities28.1,9271,781
Other liabilities35.12,04811,612
Subordinated capital36.4,7554,441
Equity37.129,543121,747
Equity of the Cooperative Financial Network127,652119,045
  Subscribed capital14,93813,614
  Capital reserves783766
  Retained earnings102,55597,1311
  Reserve from other comprehensive income1,9472,500
  Additional equity components110111
  Unappropriated earnings7,3194,9241
Non-controlling interests1,8912,7021
Total equity and liabilities1,566,4511,475,891

1 Amount adjusted.