ING Direct 2008 Annual Report Download - page 159

Transactions with ING Verzekeringen N.V. and ING Bank N.V.
ING Verzekeringen N.V. ING Bank N.V.
2008 2007 2008 2007
Receivables 4,564 2,315 8,764 8,137
Liabilities 21,252 201
Income received 248 112 675 619
Expenses paid 226 228
Receivables on ING Verzekeringen N.V. and ING Bank N.V. mainly include long term funding. Liabilities to ING Bank N.V. mainly
include short term deposits.
Transactions with key management personnel (Executive Board and Supervisory Board) and post-employment benefit plans are
transactions with related parties. These transactions are disclosed in more detail in the remuneration report in the annual report.
For the post-employment benefit plans see Note 21 ‘Other liabilities’.
Key management personnel compensation
amounts in thousands of euros
Executive Board Supervisory Board Total
2008 2007 2008 2007 2008 2007
Base salary and short-term bonus 7,052 16,898 986 673 8,038 17,571
Pension costs 3,580 3,334 3,580 3,334
Retirement benefit 1,222 1,222
Fair market value of long-term incentives 9,072 9,072
Total compensation 10,632 30,526 986 673 11,618 31,199
Loans and advances to key management personnel
amounts in thousands of euros
Amount outstanding 31 December Average interest rate Repayments
2008 2007 2008 2007 2008 2007
Executive Board members 2,341 2,376 4.6% 4.8% 35 216
Total 2,341 2,376 35 216
The total number of stock options on ING Groep N.V. shares held by the Executive Board members amounted to 3,436,583 as at
31 December 2008 (2007: 2,744,887). As at 31 December 2008, members of the Executive Board held 250,969 ING Groep N.V. shares
(2007: 201,252). As at 31 December 2008, members of the Supervisory Board held 8,940 ING Groep N.V. shares (2007: 17,370).
There are no significant provisions for doubtful debts or individually significant bad debt expenses.
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ING Group Annual Report 2008