ING Direct 2004 Annual Report Download - page 85
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ING Group Annual Report 2004 83
6 CASH
CASH
2004 2003
Cash and bank balances 8,659 11,423
Call money of the insurance operations 148 315
8,807 11,738
As at 31 December 2004, Cash and bank balances included cash and balances with central banks of EUR 6,476 million
(2003: EUR 8,838 million).
7 OTHER ASSETS
OTHER ASSETS
2004 2003
Trading portfolio 46,337 38,911
Equity participations 766 1,295
Property 1,874 1,820
Deferred tax assets 1,028 901
Receivables on account of direct insurance from:
– policyholders 2,298 2,497
– intermediaries 327 411
Reinsurance receivables 388 567
Income tax receivables 232 443
Pension assets and other staff-related assets 354 179
Other receivables 5,306 6,449
58,910 53,473
As at 31 December 2004, an amount of EUR 3,796 million (2003: EUR 3,905 million) was expected to be recovered or settled
after more than one year from the balance sheet date.
An analysis of pension assets/liabilities and other staff-related assets/liabilities is included under General provisions.
DEFERRED TAX ASSETS AS AT 31 DECEMBER BY ORIGIN
2004 2003
Deferred tax assets relating to:
– insurance provisions 83 1,226
– other provisions 157 620
– unused tax losses carried forward 459 725
– other 528 623
1,227 3,194
Deferred tax liabilities (offset by deferred tax assets)
relating to:
– investments 71 147
– deferred acquisition costs 48 947
– general provisions 1,036
– other 80 163
199 2,293
1,028 901