ING Direct 2009 Annual Report Download - page 262

1 INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES
Investments in wholly owned subsidiaries
Balance sheet value
2009 2008
ING Bank N.V. 30,211 22,885
ING Verzekeringen N.V. 15,880 11,887
Other –85 –74
46,006 34,698
Other includes certain intercompany eliminations between ING Bank N.V. and ING Verzekeringen N.V.
Changes in investments in wholly owned subsidiaries
2009 2008
Opening balance 34,698 41,864
Revaluations 10,800 –13,709
Result of the group companies 167 –569
Capital contribution 700 12,720
Dividend –350 –7,050
46,015 33,256
Changes in ING Groep N.V. shares held by group companies –9 1,442
Closing balance 46,006 34,698
2 OTHER ASSETS
Other assets
2009 2008
Receivables from group companies 12,566 13,322
Other receivables, prepayments and accruals 558 288
13,124 13,610
3 EQUITY
Equity
2009 2008
Share capital 919 495
Share premium 16,034 9,182
Non-voting equity securities 5,000 10,000
Share of associates reserve 1,985 –8,719
Currency translation reserve –955 –951
Other reserves 15,880 17,327
Equity 38,863 27,334
The Share of associates reserve includes the following components: Reserve for non-distributable profit of associates of EUR 645 million
(2008: EUR 726 million) and Revaluation reserve of associates of EUR 1,340 million (2008: EUR –9,445 million).
Share capital
Ordinary shares (par value EUR 0.24)
Number x1,000 Amount
2009 2008 2009 2008
Authorised share capital 4,500,000 4,500,000 1,080 1,080
Unissued share capital 668,439 2,436,852 161 585
Issued share capital 3,831,561 2,063,148 919 495
ING Group Annual Report 2009
260
Notes to the parent company balance sheet of ING Group
amounts in millions of euros, unless stated otherwise
2.2 Parent company annual accounts