ING Direct 2011 Annual Report Download - page 152

Notes to the consolidated annual accounts of ING Group continued
Changes in deferred tax
Net
liability
2010
Change
through
equity
Change
through
net result
Changes in the
composition
of the group
Exchange rate
differences Other
Net
liability
2011
Investments –296 1,188 452 –58 74 265 1,625
Real estate investments 383 –10 7 1 381
Financial assets and liabilities at
fair value through profit and loss –527 –175 –9 6–20 –725
Deferred acquisition costs and VOBA 3,111 –272 –194 –57 131 12 2,731
Fiscal reserve 1 –1
Depreciation 4124 9 2 40
Insurance provisions –1,866 –572 –773 –7 –130 –2 –3,350
Cash flow hedges 263 373 4 640
Pension and post-employment
benefits 503 168 –12 –10 2552
Other provisions –655 379 25 16 –21 –256
Receivables –51 –8 –12 –1 –2 –74
Loans and advances to customers 473 97 213 6 96 885
Unused tax losses carried forward –1,851 –1 305 34 20 195 –1,298
Other –299 –65 27 –4 –17 85 –273
–807 750 311 –84 98 610 878
Comprising:
– deferred tax liabilities 2,618 3,679
– deferred tax assets –3,425 –2,801
–807 878
In 2011, the amounts presented in the column Other relates mainly to the classification of ING Direct USA as a disposal group held for sale.
Reference is made to Note 11 ‘Assets and liabilities held for sale’.
Changes in deferred tax
Net
liability
2009
Change
through
equity
Change
through
net result
Changes in the
composition
of the group
Exchange rate
differences Other
Net
liability
2010
Investments 209 1,205 –1,359 –2 73 –39 87
Financial assets and liabilities at
fair value through profit and loss –312 –18 –185 –2 5–15 –527
Deferred acquisition costs and VOBA 2,849 –368 301 326 33,111
Fiscal reserve 1 1
Depreciation 12 9–10 –1 –6 4
Insurance provisions –1,446 –389 109 –135 –5 –1,866
Cash flow hedges 69 210 –14 –2 263
Pension and post-employment
benefits 700 –183 7–21 503
Other provisions –1,012 –13 476 5–127 16 –655
Receivables –149 –1 82 629–51
Loans and advances to customers 714 –201 –5 –15 –20 473
Unused tax losses carried forward –2,508 1801 –3 –152 10 –1,851
Other –814 29 419 11 –32 88 –299
–1,688 656 270 0–63 18 –807
Comprising:
– deferred tax liabilities 2,281 2,618
– deferred tax assets –3,969 –3,425
–1,688 –807
150 ING Group Annual Report 2011