ING Direct 2008 Annual Report Download - page 135

133
ING Group Annual Report 2008
Changes in deferred tax
Net
liability
2007
Change
through
equity
Change
through
net result
Changes
in the
composition
of the group
Exchange
rate
differences Other
Net
liability
2008
Investments 258 –5,409 –463 114 –268 350 –5,418
Financial assets and liabilities at fair value through profit
and loss 156 –2 –303 17 –10 170 28
Deferred acquisition costs and VOBA 3,047 778 36 –632 266 –14 3,481
Fiscal reserve 15 –3 –1 –11
Depreciation –11 1 3 22 –4 415
Insurance provisions –871 450 –104 571 –56 –484 –494
Cash flow hedges 43 154 –10 12 78 277
Other provisions –1,14 6 19 –255 41 –70 –11 –1,422
Receivables 100 –41 –12 –1 –107 –61
Loans and advances to customers 96 494 –1 –4 –25 560
Unused tax losses carried forward –932 –633 97 –20 –165 –1,653
Other –46 –52 24 41 –77 365 255
709 –4,061 –1,255 257 –232 150 –4,432
Comprising:
– deferred tax liabilities 3,432 3,602
– deferred tax assets –2,723 –8,034
709 –4,432
Changes in deferred tax
Net
liability
2006
Change
through
equity
Change
through
net result
Changes
in the
composition
of the group
Exchange
rate
differences Other
Net
liability
2007
Investments 1,375 –1,243 213 –17 56 –126 258
Financial assets and liabilities at fair value through profit
and loss 119 –40 82 –11 –2 8156
Deferred acquisition costs and VOBA 3,201 3151 –312 43,047
Fiscal reserve 3 8 4 15
Depreciation 28 3–26 –5 1–12 –11
Insurance provisions –1,490 116 339 93 71 –871
Other provisions –1,081 238 –174 –28 109 –210 –1,146
Receivables 196 –128 1–2 33 100
Loans and advances to customers 102 5–7 –1 –3 96
Unused tax losses carried forward –909 –15 –26 176 –59 –932
Other 626 –767 27 117 3–9 –3
2,170 –1,700 459 58 21 –299 709
Comprising:
– deferred tax liabilities 4,042 3,432
– deferred tax assets –1,872 –2,723
2,170 709
Other in Net liability 2006 and Change through equity in 2007 mainly relates to the cash flow hedge reserve in equity.