ING Direct 2009 Annual Report Download - page 151

2.1 Consolidated annual accounts
ING Group Annual Report 2009 149
Additional information to the consolidated balance sheet of ING Group (continued)
23 LIABILITIES BY CONTRACTUAL MATURITY
As a result of amendments made to IFRS 7 the disclosure on the contractual maturity has been revised for 2009. The amendments affect
the disclosure of financial liabilities by contractual maturity for 2009 only as the amendment to IFRS 7 do not require presentation of
comparatives. The table below includes all financial liabilities by maturity based on contractual, undiscounted cash flows. Furthermore,
the undiscounted future coupon interest on financial liabilities payable is included in a separate line and in the relevant maturity bucket.
Derivative liabilities are included on a net basis if cash flows are settled net. For other derivative liabilities the contractual gross cash flow
payable is included. Reference is made to the liquidity risk paragraph in the ‘Risk Management’ section for a description on how liquidity
risk is managed.
Liabilities by contractual maturity
2009
Less than
1 month
1-3
months
3-12
months
1-5
years
Over
5 years
Maturity
not
applicable Adjustment Total
Subordinated loans 10,099 10,099
Debt securities in issue 18,851 36,436 19,717 34,563 11,143 –729 119,981
Other borrowed funds 2,692 528 2,923 4,109 12,332 1,040 –473 23,151
Amounts due to banks 45,326 15,044 10,131 9,768 3,966 84,235
Customer deposits and other funds on
deposit 410,522 26,092 21,819 9,418 1,657 469,508
Financial liabilities at fair value through
profit and loss
– other trading liabilities 41,942 1,891 3,243 7,022 4,376 –460 58,014
– trading derivatives 2,725 3,419 11,235 27,908 12,258 –17,314 40,231
– non-trading derivatives 1,459 2,369 6,696 24,150 9,755 677 –25,036 20,070
– designated as at fair value through
profit and loss 218 616 1,715 5,220 4,047 –342 11,474
Financial liabilities 523,735 86,395 77,479 122,158 59,534 11,816 –44,354 836,763
Insurance and investment contracts 1,618 1,830 7,300 33,723 90,322 106,065 240,858
Liabilities held for sale 4,630 77 183 4,890
Other liabilities 15,567 3,059 12,256 5,586 4,319 567 41,354
Total liabilities 545,550 91,361 97,218 161,467 154,175 118,448 –44,354 1,123,865
Coupon interest due on financial
liabilities 4,163 1,578 5,654 15,371 55,681 82,447
The amounts presented in the column Adjustment reconcile the contractual maturity amounts to the balance sheet value.
Liabilities by contractual maturity
2008
Less than
1 month
1-3
months
3-12
months
1-5
years
Over
5 years
Maturity
not
applicable Total
Subordinated loans 10,281 10,281
Debt securities in issue 25,666 24,299 11,88 6 24,585 10,052 96,488
Other borrowed funds 3,354 4,700 2,668 6,505 13,971 31,198
Insurance and investment contracts 2,345 2,485 9,289 33,569 93,538 99,564 240,790
Amounts due to banks 83,456 38,600 17,626 9,454 3,129 152,265
Customer deposits and other funds on deposit 438,451 18,801 49,951 12,843 2,737 522,783
Financial liabilities at fair value through profit
and loss
– trading liabilities 62,251 13,121 16,632 31,011 29,598 3152,616
– non-trading derivatives 1,316 882 1,134 7, 8 31 10,575 35 21,773
– designated as at fair value through profit and loss 573 833 2,429 5,935 4,239 14,009
Liabilities held for sale 15,020 15,020
Other liabilities 17,053 5,782 9,540 7,855 3,715 1,567 45,512
Total liabilities 634,465 124,523 121,155 139,588 171,554 111, 450 1,302,735