ING Direct 2008 Annual Report Download - page 107

Diluted earnings per share data are computed as if all convertible instruments outstanding at year-end were exercised at the beginning of
the period. It is also assumed that ING Group uses the assumed proceeds thus received to buy its own shares against the average market
price in the financial year. The net increase in the number of shares resulting from the exercise is added to the average number of shares
used to calculate diluted earnings per share.
Share options with fixed or determinable terms are treated as options in the calculation of diluted earnings per share, even though they
may be contingent on vesting. They are treated as outstanding on the grant date. Performance-based employee share options are treated
as contingently issuable shares because their issue is contingent upon satisfying specified conditions in addition to the passage of time.
FIDUCIARY ACTIVITIES
The Group commonly acts as trustee and in other fiduciary capacities that result in the holding or placing of assets on behalf of
individuals, trusts, retirement benefit plans and other institutions. These assets and income arising thereon are excluded from these
financial statements, as they are not assets of the Group.
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ING Group Annual Report 2008