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2007 |
Rights and commitments not reflected in the balance sheet |
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|
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Personal security provided or irrevocably pledged by the company by way of surety |
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For amounts payable by or commitments of third parties, of which |
9,724,791 |
Outstanding bills of exchange endorsed by the company |
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Bills drawn or guaranteed by the company |
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Maximum amount for which other debts or commitments of third parties are guaranteed by the company |
9,724,791 |
Fortis SA/NV and Fortis N.V. have each extended guarantees with respect to liabilities and credit facilities of Fortis subsidiaries in various currencies. The total amount of current outstanding debts is EUR 9,725 million (2006: EUR 8,443 million).
Fortis SA/NV, Fortis N.V., Fortis Bank Nederland (Holding) N.V. and Fortis Bank NV/SA are co-obligor with respect to Mandatory Convertible Securities issued on 7 December 2007. As co-obligor Fortis SA/NV can be held liable for a total amount of EUR 2 billion in case the issuer would not be able to meet its obligations. The Mandatory Convertible Securities will be the basis for the issue of a maximum of 105,386,849 Fortis shares.
As co-obligor for the FRESH and CASHES financial instruments, Fortis SA/NV could be held liable for the interest thereon in case the issuer would not be able to meet its obligations.
All hybrid financial instruments, included those of Fortis Bank, have an ‘alternative coupon settlement method’. This means that should the issuer not be able to meet the interest obligations, Fortis SA/NV may emit new shares and use the emission’s proceeds to meet the interest obligations for these financial instruments.
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2007 |
2006 |
Relationships with affiliated companies and companies in which the company holds participating interests |
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Affiliated companies |
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Financial fixed assets |
28,005,045 |
19,530,533 |
Participating interests |
28,005,045 |
19,530,533 |
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Amounts receivable |
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Short-term investments |
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Amounts payable |
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Affiliated companies |
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2007 |
2006 |
Personal and collateral security provided or irrevocably pledged by the company by way of surety for amounts payable by or commitments of affiliated companies |
9,724,791 |
8,443,477 |
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Personal and collateral security provided or irrevocably pledged by affiliated companies by way of surety for amounts payable by or commitments of the company |
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Other significant financial commitments |
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Financial results |
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Income from financial fixed assets |
1,840,000 |
1,145,000 |
Income from current assets |
3,610 |
782 |
Other financial income |
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Interest in respect of amounts payable |
1 |
289 |
Other financial charges |
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Realisation of fixed assets |
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Financial relationships with |
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Managing directors and managers, persons or legal entities who/which control |
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2007 |
Amounts receivable from these persons or entities |
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Sureties provided on their behalf |
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Other significant commitments undertaken on their behalf |
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Direct and indirect remuneration and pensions charged to the income statement, to the extent that this disclosure does not exclusively or mainly relate to the situation of a single identifiable person: |
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- managing directors and managers |
1,967 |
- former managing directors and former managers |
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The statutory auditors or the persons with whom they are related.
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|
2007 |
Honoraries of the statutory auditors |
449 |
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Honoraries for exceptional performances or particular assignments within the company |
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Other assignments |
31 |
Tax advisory assignments |
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Assignments other than the statutory audit |
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Honoraries for exceptional projects or particular assignments within the company |
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Other assignments |
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Tax advisory assignments |
5 |
Assignments other than the statutory audit |
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Remarks as required by article 133, paragraph 6 of the Company Law
Exception to the rule 1:1: Fortis SA/NV is not bound to the rule 1:1 because the Fortis consortium, to which Fortis SA/NV belongs, is audited by a common overall audit. In addition, the audit committee of the Fortis consortium follows a systematic approach for the approval of requests for particular or exceptional audit assignments.
