ING Direct 2011 Annual Report Download - page 134

Changes in equipment
Data processing equipment
Fixtures and fittings
and other equipment Total
2011 2010 2011 2010 2011 2010
Opening balance 376 344 1,059 1,098 1,435 1,442
Additions 191 192 267 284 458 476
Changes in the composition of the group –11 –4 –29 –7 –40 –11
Disposals –16 –12 –24 – 41 –40 –53
Depreciation –176 –167 –236 –262 –412 –429
Impairments –1 –1 –1 –1
Exchange rate differences –6 12 –14 20 –20 32
Other changes 512 –40 –33 –35 –21
Closing balance 363 376 982 1,059 1,345 1,435
Gross carrying amount as at 31 December 1,659 1,707 2,620 2,642 4,279 4,349
Accumulated depreciation as at 31 December –1,295 –1,330 –1,638 –1,583 –2,933 –2,913
Accumulated impairments as at 31 December –1 –1 –1 –1
Net carrying value as at 31 December 363 376 982 1,059 1,345 1,435
Changes in assets under operating leases
Cars Other leased-out assets Total
2011 2010 2011 2010 2011 2010
Opening balance 3,053 2,986 253,055 2,991
Additions 1,188 1,284 1,188 1,284
Changes in the composition of the group –3,250 –3 –3,250 –3
Disposals –43 –53 –43 –53
Depreciation –594 –784 –2 –3 –596 –787
Exchange rate differences –12 13 –12 13
Transfer and other changes –336 –390 –336 –390
Closing balance 63,053 263,055
Gross carrying amount as at 31 December 16 4,617 18 16 4,635
Accumulated depreciation as at 31 December –10 –1,564 –16 –10 –1,580
Net carrying value as at 31 December 63,053 263,055
In 2011, Changes in the composition of the group comprises the sale of ING Car Lease. Reference is made to Note 30 ‘Companies acquired
and companies disposed’.
Transfer and other changes relates mainly to the transfer of cars under operating lease to Other assets due to the expiration of the lease contract.
Depreciation of assets under operating leases is included in the profit and loss account in Other income as a deduction from operating
lease income.
No individual operating lease has terms and conditions that materially affect the amount, timing or certainty of the consolidated cash
flows of the Group.
The Group leases assets to third parties under operating leases as lessor. The future minimum lease payments to be received under
non-cancellable operating leases are as follows:
Future minimum lease payments by maturity
2011 2010
Within 1 year 11,155
More than 1 year but less than 5 years 41,887
More than 5 years 113
63,055
Notes to the consolidated annual accounts of ING Group continued
132 ING Group Annual Report 2011