CEB Financial Report 2023


CEB Financial Report 2023

8 Apr 2024

Due to rounding, the totals in the tables of the financial statements and accompanying notes may not correspond to the sum of the components to the nearest thousand euros. [...] The CVA and DVA are recorded under the heading "Financial instruments at fair value through profit or loss" on the asset side of the balance sheet in the case of a positive value and on the liability side of the balance sheet when the value is negative. [...] 4.10 Derecognition of financial assets and liabilities Derecognition of financial assets The Bank derecognises all or part of a financial asset either when the contractual rights to the cash flows from the asset expire or when the CEB transfers the contractual rights to receive the cash flows from the asset and substantially all the risks and rewards of ownership of the asset. [...] Compensation for Chairpersons, Vice-Chairpersons and Appointed Officials The Articles of Agreement of the CEB lay down that the organisation, administration and supervision of the Bank are divided between the following organs: • the Governing Board, • the Administrative Council, • the Governor, and • the Auditing Board. [...] The emoluments of the Governor and the Vice-Governors are fixed by the Administrative Council, within the framework of the approval of the annual budget of the Bank.
ceb financial report 2023


Council of Europe Development Bank

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