ING Direct 2011 Annual Report Download - page 93

Consolidated profit and loss account of ING Group
for the years ended 31 December
amounts in millions of euros 2011 2011 2010 2010 2009 2009
Continuing operations
Interest income banking operations 64,649 68,334 79,850
Interest expense banking operations –51,200 – 55, 011 – 67,475
Interest result banking operations 35 13,449 13,323 12,375
Gross premium income 36 27,198 27,78 6 30,248
Investment income 37 6,808 7,4 63 3,158
Net result on disposals of group companies 38 855 310 287
Gross commission income 6,003 5,868 6,551
Commission expense –1,966 –1,720 –2,311
Commission income 39 4,037 4,148 4,240
Valuation results on non-trading derivatives 40 1,674 –467 – 4,743
Net trading income 41 209 627 1,125
Share of result from associates 6221 311 –463
Other income 42 1,343 604 701
Total income 55,794 54,105 46,928
Gross underwriting expenditure 43 33,716 45,015 50,129
Investment result for risk of policyholders 1,246 –10,492 –17,736
Reinsurance recoveries –1,875 –1,721 –1,700
Underwriting expenditure 43 33,087 32,802 30,693
Addition to loan loss provisions 51,670 1,751 2,973
Intangible amortisation and other impairments 44 379 1,070 524
Staff expenses 45 7,556 7,692 7,271
Other interest expenses 46 528 786 711
Other operating expenses 47 6,465 6,076 6,593
Total expenses 49,685 50,177 48,765
Result before tax from continuing operations 6,109 3,928 –1,837
Taxation 48 1,365 1,228 – 613
Net result from continuing operations 4,744 2,700 –1,224
Discontinued operations
Net result from discontinued operations 25 114 216 100
Net result from disposal of discontinued
operations 25 995
Total net result from discontinued operations 25 1,109 216 100
Net result from continuing and discontinued
operations (before minority interests) 5,853 2,916 –1,124
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
91ING Group Annual Report 2011