ING Direct 2004 Annual Report Download - page 111
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ING Group Annual Report 2004 109
21 COMMISSION
COMMISSION
Insurance Banking
operations operations Total
2004 2003 2002 2004 2003 2002 2004 2003 2002
Funds transfer 575 587 592 575 587 592
Securities business 665 665 731 665 665 731
Insurance broking 118 114 159 136 115 117 254 229 276
Management fees 470 551 628 766 594 688 1,236 1,145 1,316
Brokerage and advisory fees 139 146 197 139 146 197
Other 613 648 558 300 357 290 913 1,005 848
1,201 1,313 1,345 2,581 2,464 2,615 3,782 3,777 3,960
In 2004, the banking operations received EUR 3,336 million (2003: EUR 3,085 million; 2002: EUR 3,231 million) and paid EUR 755
million (2003: EUR 621 million; 2002: EUR 616 million) in respect of commission.
22 OTHER INCOME
OTHER INCOME
Insurance Banking
operations operations Total
2004 2003 2002 2004 2003 2002 2004 2003 2002
Income from participating interests
and equity participations 216 255 156 47 154 201 263 409 357
Results from financial transactions 236 213 112 596 562 454 832 775 566
Other results 184 539 514 505 385 285 689 924 799
636 1,007 782 1,148 1,101 940 1,784 2,108 1,722
INCOME FROM PARTICIPATING INTERESTS AND EQUITY PARTICIPATIONS
Insurance Banking
operations operations Total
2004 2003 2002 2004 2003 2002 2004 2003 2002
Shares 160 14 182 160 14 182
Investments in associates 159 154 137 -113 57 -11 46 211 126
Other participating interests 20 18 20 14 30 20 32 50
Equity participations 37 83 -1 69 37 152 -1
216 255 156 47 154 201 263 409 357
RESULTS FROM FINANCIAL TRANSACTIONS
Insurance Banking
operations operations Total
2004 2003 2002 2004 2003 2002 2004 2003 2002
Results from securities trading
portfolio 130 -6 365 226 201 366 256 195
Results from currency trading
portfolio 566 46 242 566 46 242
Other 235 183 118 -335 290 11 -100 473 129
236 213 112 596 562 454 832 775 566
Other results
Other results includes income which cannot be classified with any of the above items, including rental income, results on the
sale of property and leasing income which is not classified as interest.