ING Direct 2008 Annual Report Download - page 179

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50 SECONDARY REPORTING FORMAT – GEOGRAPHICAL SEGMENTS
ING Group’s six business lines operate in seven main geographical areas: the Netherlands, Belgium, Rest of Europe, North America, Latin
America, Asia and Australia. Geographical distribution of income is based on the origin of revenue.
Geographical segments
2008 Netherlands Belgium
Rest of
Europe
North
America
Latin
America Asia Australia Other Eliminations Total
Income
– external 12,072 4,070 7,560 26,372 2,567 13,687 746 –783 66,291
– inter-segment 1,816 382 –1,414 –69 537 40 270 –1,562
Total income 13,888 4,070 7,942 24,958 2,498 14,224 786 –513 –1,562 66,291
Segment result before
taxation –392 801 1,694 –2,209 202 –250 150 –1,483 –1,487
Segment assets 740,436 173,064 428,722 290,340 25,199 108,074 37,124 45,139 –516,435 1,331,663
Cost incurred to acquire
property, equipment
and intangibles 833 102 662 756 448 56 41 115 3,013
Geographical segments
2007 Netherlands Belgium
Rest of
Europe
North
America
Latin
America Asia Australia Other Eliminations Total
Income
– external 15,577 5,850 6,424 28,240 3,186 13,999 1,005 2,307 –2 76,586
– inter-segment 686 –701 727 –463 178 304 20 1,219 –1,970
Total income 16,263 5,149 7,151 27,777 3,364 14,303 1,025 3,526 –1,972 76,586
Segment result before
taxation 2,252 1,542 1,987 2,233 523 551 452 1,503 11,0 43
Segment assets 676,676 177,716 363,178 313,263 23,631 89,079 40,915 36,243 –408,191 1,312,510
Cost incurred to acquire
property, equipment
and intangibles 467 62 1,218 316 679 113 56 341 3,252
Geographical segments
2006 Netherlands Belgium
Rest of
Europe
North
America
Latin
America Asia Australia Other Eliminations Total
Income
– external 16,079 5,358 5,920 29,472 2,712 13,155 841 84 73,621
– inter-segment 765 –436 586 –1,039 355 117 11 1,002 –1,361
Total income 16,844 4,922 6,506 28,433 3,067 13,272 852 1,086 –1,361 73,621
Segment result before
taxation 3,585 1,115 1,785 2,315 318 583 340 –101 9,940
Segment assets 608,949 180,694 339,683 319,233 21,567 72,515 33,373 44,459 –394,166 1,226,307
Cost incurred to acquire
property, equipment
and intangibles 1,506 62 253 228 40 75 46 2,210
177
ING Group Annual Report 2008