ING Direct 2008 Annual Report Download - page 126

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2.1 Consolidated annual accounts
Notes to the consolidated balance sheet of ING Group (continued)
Changes in currency translation reserve
2008 2007 2006
Opening balance –1,354 –473 668
Unrealised revaluations after taxation 388 500 194
Realised gains/losses transferred to profit and loss –228
Exchange rate differences –952 –1,153 –1,335
Closing balance –1,918 –1,354 –473
The unrealised revaluations after taxation relate to changes in the value of hedging instruments that are designated as net investment
hedges.
Changes in other reserves
2008
Retained
earnings
Share of
associates
reserve
Treasury
shares
Other
reserves Total
Opening balance 27,025 1,202 –3,740 –135 24,352
Result for the year –360 –369 –729
Unrealised revaluations after taxation –77 106 29
Changes in treasury shares –2,030 –2,030
Dividend –3,387 –213 –3,600
Employee stock options and share plans 31 31
Issuance costs incurred –20 –20
Cancellation of shares 4,904 –4,860 44
Closing balance 23,232 726 –866 –5,015 18,077
Changes in other reserves
2007
Retained
earnings
Share of
associates
reserve Treasury shares Other reserves Total
Opening balance 20,700 1,181 –1,436 –37 20,408
Result for the year 8,894 347 9,241
Unrealised revaluations after taxation –98 –98
Changes in treasury shares –2,304 –2,304
Dividend –2,826 –173 –2,999
Employee stock options and share plans 104 104
Other 153 –153
Closing balance 27,025 1,202 –3,740 –135 24,352
Changes in other reserves
2006
Retained
earnings
Share of
associates
reserve Treasury shares Other reserves Total
Opening balance 16,262 608 –868 –13 15,989
Result for the year 6,972 720 7,692
Unrealised revaluations after taxation –124 –124
Changes in treasury shares –520 –520
Dividend –2,534 –147 –2,681
Other –48 100 52
Closing balance 20,700 1,181 –1,436 –37 20,408
Changes in treasury shares
Amount Number
2008 2007 2006 2008 2007 2006
Opening balance 3,740 1,436 868 126,759,829 53,859,235 38,722,934
Purchased/sold 2,159 2,505 1,030 94,105,700 79,652,109 30,858,427
Cancelled –4,904 –183,158,017
Share-based payments –22 –201 –462 –1,250,394 – 6,751,515 –15,722,126
Other –107
Closing balance 866 3,740 1,436 36, 457,118 126,759,829 53,859,235
Preference shares are presented in the balance sheet under liabilities. See Note 13 ‘Preference shares’.
ING Group Annual Report 2008
124