ING Direct 2011 Annual Report Download - page 189
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Notes to the consolidated annual accounts of ING Group continued
Impairments and reversals of impairments on investments are presented within Investment income, which is part of Total income.
Thiscanbe specified for each segment as follows:
Impairments/ reversals of impairments on investments per operating segment
Impairments Reversal of impairments
2011 2010 2009 2011 2010 2009
Retail Belgium 22
ING Direct 464 107 1,394 –30
Commercial Banking (excluding Real Estate) 301 70 129 –44
Insurance Benelux 410 53 360
Insurance CRE 338 18 36
Insurance US 166 553 527 –5
Insurance Asia/Pacific 15 815 –2 –2
ING IM 3 –9
Corporate Line Banking 13 116
Corporate Line Insurance 96
1,738 810 2,486 –79 –11 –2
38 NET RESULT ON DISPOSALS OF GROUP COMPANIES
Net result on disposals of group companies
2011
Pacific Antai Life Insurance Company Ltd. 28
Clarion Real Estate Securities 182
ING REIM Asia and Europe 245
ING Car Lease 347
Clarion Partners 39
Other 14
855
The result on disposal of the Latin American pensions, life insurance and investment management operations is not included above but in
the result on disposal of discontinued operations. Reference is made to Note 25 ‘Discontinued operations’.
Net result on disposals of group companies
2010
Asian Private Banking business 332
Swiss Private Banking business 73
ING Summit Industrial Fund LP –26
Other –69
310
In 2010, Other includes EUR –24 million related to the sale of certain associates. The remainder includes result on disposal of certain real
estate funds and other disposals that are individually not significant.
Net result on disposals of group companies
2009
ING Australia and New Zealand 337
ING Canada –38
Annuity and Mortgage business in Chile –23
Other 11
287
Reference is made to Note 30 ‘Companies acquired and companies disposed’ for more details.
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
187ING Group Annual Report 2011