ING Direct 2008 Annual Report Download - page 181

Notes to the consolidated statement of cash flows of ING Group
amounts in millions of euros, unless stated otherwise
51 NET CASH FLOW FROM INVESTING ACTIVITIES
Information on the impact of companies acquired or disposed of is presented in Note 29 ‘Companies acquired and companies disposed’.
52 INTEREST AND DIVIDEND INCLUDED IN NET CASH FLOW
Interest and dividend received and paid
2008 2007 2006
Interest received 103,534 82,707 66,471
Interest paid –84,061 –66,463 –52,369
19,473 16,244 14,102
Dividend received 730 820 688
Dividend paid –3,207 –3,039 –2,716
53 CASH AND CASH EQUIVALENTS
Cash and cash equivalents
2008 2007 2006
Treasury bills and other eligible bills 7,009 4,130 4,333
Amounts due from/to banks 2,217 –33,347 –20,454
Cash and balances with central banks 22,045 12,406 14,326
Cash and cash equivalents at end of year 31,271 –16 ,811 –1,795
Treasury bills and other eligible bills included in cash and cash equivalents
2008 2007 2006
Treasury bills and other eligible bills included in
trading assets 2,770 1,806 1,286
Treasury bills and other eligible bills included in
available-for-sale investments 4,239 2,324 3,047
7,009 4,130 4,333
Amounts due to/from banks
2008 2007 2006
Included in cash and cash equivalents
– amounts due to banks –13,738 – 42,154 –26,498
– amounts due from banks 15,955 8,807 6,044
2,217 –33,347 –20,454
Not included in cash and cash equivalents
– amounts due to banks –138,527 –124,818 –94,341
– amounts due from banks 32,492 40,068 33,824
–106,035 –84,750 – 60,517
Included in balance sheet
– amounts due to banks –152,265 –166,972 –120,839
– amounts due from banks 48,447 48,875 39,868
–103,818 –118,097 –80,971
Cash and cash equivalents include amounts due to/from banks with a term of less than three months from the date on which they
were acquired.
ING’s risk management (including liquidity) is explained in the ‘Risk management’ section.
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ING Group Annual Report 2008