ING Direct 2008 Annual Report Download - page 119

Changes in equipment
Data processing equipment
Fixtures and fittings
and other equipment Total
2008 2007 2008 2007 2008 2007
Opening balance 281 283 989 1,029 1,270 1,312
Additions 227 177 396 309 623 486
Changes in the composition of the group –4 10 10 16 626
Disposals –2 –24 –20 –44 –22 –68
Depreciation –146 –164 –263 –216 –409 –380
Impairments –9 –1 –9 –1 –18 –2
Exchange rate differences –13 –3 –28 –17 –41 –20
Other changes –14 312 –87 –2 –84
Closing balance 320 281 1,087 989 1,407 1,270
Gross carrying amount as at 31 December 1,562 1,763 2,935 2,950 4,497 4,713
Accumulated depreciation as at 31 December –1,231 –1,481 –1,840 –1,959 –3,071 –3,440
Accumulated impairments as at 31 December –11 –1 –8 –2 –19 –3
Net book value 320 281 1,087 989 1,407 1,270
Changes in assets under operating leases
Cars Other leased-out assets Total
2008 2007 2008 2007 2008 2007
Opening balance 2,886 2,671 12 14 2,898 2,685
Additions 1,401 1,396 21,401 1,398
Changes in the composition of the group 172 –2 170
Disposals –428 – 417 –428 – 417
Depreciation –764 –720 –2 –4 –766 –724
Impairments –3 –3
Exchange rate differences –124 –44 –124 –44
Closing balance 3,140 2,886 812 3,148 2,898
Gross carrying amount as at 31 December 4,466 5,177 28 70 4,494 5,247
Accumulated depreciation as at 31 December –1,324 –2,291 –20 –58 –1,344 –2,349
Accumulated impairments as at 31 December –2 –2
Net book value 3,140 2,886 812 3,148 2,898
Depreciation of assets under operating leases is included in the profit and loss account in Other income as a deduction from operating
lease income.
No individual operating lease has terms and conditions that materially affect the amount, timing or certainty of the consolidated cash
flows of the Group.
The Group leases assets to third parties under operating leases as lessor. The future minimum lease payments to be received under
non-cancellable operating leases are as follows:
Future minimum lease payments by maturity
2008 2007
Within 1 year 1,072 1,048
More than 1 year but less than 5 years 2,072 1,844
More than 5 years 46
3,148 2,898
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ING Group Annual Report 2008