ING Direct 2009 Annual Report Download - page 264

The total amount of Equity in the parent company annual accounts equals Shareholders’ equity (parent) in the consolidated annual
accounts. Certain components within equity are different, as a result of the following presentation differences between the parent
company accounts and consolidated accounts:
Unrealised revaluations within consolidated group companies, presented in the Revaluation reserve in the consolidated accounts, •
are presented in the Share of associates reserve in the parent company accounts;
Foreign currency translation on consolidated group companies, presented in the Currency translation reserve in the consolidated •
accounts, is presented in the Share of associates reserve in the parent company accounts;
Revaluations on investment property and certain participations recognised in income and consequently presented in Retained •
earnings in the consolidated accounts, is presented in the Share of associates reserve in the parent company accounts.
The total amount of non-distributable reserves is EUR 2,940 million (2008: EUR 11,121 million).
See Note 13 ‘Shareholders’ equity (parent)/non-voting equity securities’ in the consolidated annual accounts for additional information,
including restrictions with respect to dividend and repayment of capital.
Change in treasury shares
Amount Number
2009 2008 2009 2008
Opening balance 866 3,740 36,457,118 126,759,829
Purchased/sold 47 2,159 11,648,765 94,105,700
Rights issue –64
Cancelled –4,904 –183,158,017
Share-based payments –27 –22 –1,058,658 –1,250,394
Other –85 –107
Closing balance 737 866 47,047,225 3 6 , 457,118
4 SUBORDINATED LOANS
Subordinated loans
Interest rate Year of issue Due date
Notional amount
in original currency
Balance sheet value
2009 2008
9.000% 2008 Perpetual EUR
10 10 10
8.500% 2008 Perpetual USD 2,000 1,357 1,393
8.000% 2008 Perpetual EUR 1,500 1,479 1,474
7.375% 2007 Perpetual USD 1,500 1,022 1,048
6.375% 2007 Perpetual USD 1,045 713 731
5.140% 2006 Perpetual GBP 600 670 623
5.775% 2005 Perpetual USD 1,000 690 711
6.125% 2005 Perpetual USD 700 472 487
4.176% 2005 Perpetual EUR 500 498 497
Variable 2004 Perpetual EUR 1,000 999 939
6.200% 2003 Perpetual USD 500 337 348
Variable 2003 Perpetual EUR 750 731 684
7.200% 2002 Perpetual USD 1,100 656 773
7.050% 2002 Perpetual USD 800 465 563
8.439% 2000 31 December 2030 USD 1,500 1,040 1,071
11,139 11, 352
5 OTHER LIABILITIES
Other liabilities by type
2009 2008
Debenture loans 6,545 7,4 88
Amounts owed to group companies 532 1,254
Other amounts owed and accrued liabilities 1,783 815
Derivatives from group companies 268 65
9,128 9,622
ING Group Annual Report 2009
262
2.2 Parent company annual accounts
Notes to the parent company balance sheet of ING Group (continued)