ING Direct 2009 Annual Report Download - page 268

PROPOSED APPROPRIATION OF RESULT
The result is appropriated pursuant to Article 37 of the Articles of Association of ING Groep N.V., the relevant stipulations of which state
that the Executive Board, subject to the approval of the Supervisory Board, determines what part of the result is to be appropriated to
reserves and that the remaining part of the result shall be at the disposal of the General Meeting.
For 2009, the Executive Board, with the approval of the Supervisory Board, has determined to appropriate the entire result to reserves,
so that no dividend will be paid.
In 2009 no interim dividend was paid.
Proposed appropriation of result
Net result –935
Deduction from reserves pursuant to Article 37 (4)
of the Articles of Association –1,194
Paid on non-voting equity securities (1) 259
At the disposal of the General Meeting of Shareholders
pursuant to Article 37 (5) of the Articles of Association 0
Dividend of EUR 0.00 per ordinary share
(1) This amount represents the coupon that was paid to the Dutch State in relation to the repayment of EUR 5 billion non-voting equity securities. As the non-voting
equity securities are presented as equity in the balance sheet, the coupon is presented as a dividend and is part of the appropriation of result.
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2.3 Other information
Proposed appropriation of result
amounts in millions of euros, except for amounts per share