ING Direct 2008 Annual Report Download - page 122
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2.1 Consolidated annual accounts
Notes to the consolidated balance sheet of ING Group (continued)
Accrued interest and rents includes EUR 7,980 million (2007: EUR 8,844 million) accrued interest on assets measured at amortised cost
under the IAS 39 classification Loans and receivables.
The total amount of borrowing costs relating to Property under development for third parties, capitalised in 2008 is nil (2007: nil).
Reinsurance and insurance receivables
2008 2007
Receivables on account of direct insurance from:
– policyholders 2,750 2,211
– intermediaries 191 283
Reinsurance receivables 742 1,170
3,683 3,664
Property held for sale
2008 2007
Property held for sale 640 530
Other:
– property obtained from foreclosures 91 48
– property developed for sale 2,412 2,415
3,143 2,993
Gross carrying amount as at 31 December 3,276 3,104
Accumulated impairments as at 31 December –133 –111
Net book value 3,143 2,993
Taiwan – assets held for sale
2008
Cash and bank balances 80
Financial assets at fair value through profit and loss 1,552
Available-for-sale Investments 9,801
Loans and advances to customers 1,341
Property and equipment 41
Intangible assets 671
Deferred acquisition costs 1,164
Other assets 662
Taiwan – assets held for sale 15,312
Reference is made to Note 29 ‘Companies acquired and disposed’. As at 31 December 2008 ING Life Taiwan is classified as held for sale
in the consolidated balance sheet. Amounts as at 31 December 2007 are presented in the relevant balance sheet lines.
ING Group Annual Report 2008
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