ING Direct 2009 Annual Report Download - page 265

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Debenture loans
Balance sheet value
Interest rate Year of issue Due date 2009 2008
5.625% 2008 3 September 2013 1,073 1,053
4.699% 2007 1 June 2035 117 117
4.750% 2007 31 May 2017 1,864 1,830
Variable 2006 28 June 2011 749 749
Variable 2006 11 April 2016 997 996
4.125% 2006 11 April 2016 745 745
6.125% 2000 4 January 2011 1,000 999
5.500% 1999 14 September 2009 999
6,545 7, 4 88
The number of debentures held by group companies as at 31 December 2009 was 114,760 with a balance sheet value of EUR 11 million
(2008: 49,540 with a balance sheet value of EUR 4 million).
Amounts owed to group companies by remaining term
2009 2008
Within 1 year 32 1,254
More than 1 year but less than 5 years 500
532 1,254
Derivatives from group companies by remaining term
2009 2008
More than 1 year but less than 5 years 30 43
More than 5 years 238 22
268 65
6 OTHER RESULTS AFTER TAXATION
In order to obtain approval from the European Commission on ING Group’s Restructuring Plan, ING Group agreed in October 2009 to
make additional Illiquid Assets Back-up Facility payments as part of the overall agreement with the European Commission to the Dutch
State corresponding to an adjustment of the fees for the Illiquid Assets Back-up Facility. In total, these additional Illiquid Assets Back-up
Facility payments as part of the overall agreement with the European Commission amounted to a net present value of EUR 1.3 billion
pre-tax (EUR 930 million after tax), which was recognised as a one-off charge in the fourth quarter of 2009 for ING Groep N.V.(parent
company). Reference is made to Note 33 ‘Related parties’ in the consolidated annual accounts.
Guarantees
As at 31 December 2009, ING Group had no guarantees given on behalf of third parties (2008: nil). ING Group has issued statements
of liabilities in connection with Section 403, Book 2 of the Dutch Civil Code and other guarantees for a number of group companies.
ING Group Annual Report 2009 263
Notes to the parent company balance sheet of ING Group (continued)
2.2 Parent company annual accounts