ING Direct 2011 Annual Report Download - page 141
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Changes in revaluation reserve
2011
Property
revaluation
reserve
Available-
for-sale
reserve
Cash flow
hedge
reserve Total
Opening balance 379 3,526 847 4,752
Unrealised revaluations after taxation –12 967 955
Realised gains/losses transferred to profit and loss 723 723
Changes in cash flow hedge reserve 1,124 1,124
Transfer to insurance liabilities/DAC –2,004 –2,004
Closing balance 367 3,212 1,971 5,550
Changes in revaluation reserve
2010
Property
revaluation
reserve
Available-
for-sale
reserve
Cash flow
hedge
reserve Total
Opening balance 411 1,683 372 2,466
Unrealised revaluations after taxation –32 3,401 3,369
Realised gains/losses transferred to profit and loss 86 86
Changes in cash flow hedge reserve 475 475
Transfer to insurance liabilities/DAC –1,644 –1,644
Closing balance 379 3,526 847 4,752
Changes in revaluation reserve
2009
Property
revaluation
reserve
Available-
for-sale
reserve
Cash flow
hedge
reserve Total
Opening balance 461 –10,140 1,177 –8,502
Unrealised revaluations after taxation –50 12,496 12,446
Realised gains/losses transferred to profit and loss 1,406 1,406
Changes in cash flow hedge reserve –805 –805
Transfer to insurance liabilities/DAC –2,079 –2,079
Closing balance 411 1,683 372 2,466
Transfer to insurance liabilities/DAC includes the change in the deferred profit sharing liability (net of deferred tax).
Reference is made to Note 17 ‘Insurance and investment contracts, reinsurance contracts’.
Changes in currency translation reserve
2011 2010 2009
Opening balance 79 –2,011 –1,918
Unrealised revaluations after taxation 167 –777 –294
Realised gains/losses transferred to profit and loss 148
Exchange rate differences –153 2,867 53
Closing balance 93 79 –2,011
Notes to the consolidated annual accounts of ING Group continued
1 Who we are 2 Report of the Executive Board 3 Corporate governance 4 Consolidated annual accounts 5 Parent company annual accounts 6 Other information 7 Additional information
139ING Group Annual Report 2011