ING Direct 2009 Annual Report Download - page 118

Reclassifications to Loans and advances to customers and Amounts due from banks
Q2 2009 Q1 2009 Q4 2008
As per reclassification date
Fair value 6,135 22,828 1,594
Effective interest rate (weighted average) 1.4%–24.8% 2 .1%–11.7% 4.1%–21%
Expected recoverable cash flows 7,118 24,052 1,646
Unrealised fair value losses in shareholders’ equity
(before tax) –896 –1,224 –69
Recognised fair value gains (losses) in shareholders’ equity
(before tax) between the beginning of the year in which
the reclassification took place and the reclassification date 173 nil –79
Recognised impairment (before tax) between the
beginning of the year in which the reclassification took
place and the reclassification date nil nil nil
2009
Carrying value as at 31 December 6,147 20,551 1,189
Fair value as at 31 December 6,472 20,175 1,184
Unrealised fair value losses in shareholders’ equity
(before tax) as at 31 December –734 –902 –67
Effect on shareholders’ equity (before tax) if
reclassification had not been made 325 –376 –5
Effect on result (before tax) if reclassification had not
been made nil nil nil
Effect on result (before tax) after the reclassification till
31 December (mainly interest income) 54 629 47
Recognised impairments (before tax) nil nil nil
Recognised provision for credit losses (before tax) nil nil nil
2008
Carrying value as at 31 December 1,592
Fair value as at 31 December 1,565
Unrealised fair value losses recognised in shareholders’
equity (before tax) during the year –971 –192 –79
Effect on shareholders’ equity (before tax) if
reclassification had not been made n/a n/a –28
Effect on result (before tax) if reclassification had not
been made n/a n/a nil
Effect on result (before tax) after the reclassification till
31 December (mainly interest income) n/a n/a 9
Recognised impairments (before tax) nil nil nil
Recognised provision for credit losses (before tax) n/a n/a nil
2007
Unrealised fair value losses recognised in shareholders’
equity (before tax) during the year –20
Recognised impairments (before tax) nil
2.1 Consolidated annual accounts
ING Group Annual Report 2009
116
Notes to the consolidated balance sheet of ING Group (continued)