ING Direct 2008 Annual Report Download - page 245

The total amount of Equity in the parent company annual accounts equals Shareholders’ equity (parent) in the consolidated annual
accounts. Certain components within equity are different, as a result of the following presentation differences between the parent
company accounts and consolidated accounts:
Unrealised revaluations within consolidated group companies, presented in the Revaluation reserve in the consolidated accounts, •
are presented in the Share of associates reserve in the parent company accounts;
Foreign currency translation on consolidated group companies, presented in the Currency translation reserve in the consolidated •
accounts, is presented in the Share of associates reserve in the parent company accounts;
Revaluations on investment property and certain participations recognised in income and consequently presented in Retained earnings •
in the consolidated accounts, is presented in the Share of associates reserve in the parent company accounts.
The total amount of non-distributable reserves is EUR 11,121 million (2007: EUR 7,003 million).
See Note 12 ‘Shareholders’ equity (parent)/Non-voting equity securities’ in the consolidated annual accounts for additional information,
including restrictions with respect to dividend and repayment of capital.
Change in treasury shares
Amount Number
2008 2007 2008 2007
Opening balance 3,740 1,436 126,759,829 53,859,235
Purchased/sold 2,159 2,505 94,105,700 79,652,109
Cancelled –4,904 –183,158,017
Share-based payments –22 –201 –1,250,394 – 6,751,515
Other –107
Closing balance 866 3,740 36,457,118 126,759,829
4 PREFERENCE SHARES
See Note 13 ‘Preference shares’ to the consolidated financial statements.
5 SUBORDINATED LOANS
Subordinated loans
Interest rate Year of issue Due date
Notional amount in
original currency
2008
Balance sheet value
2007
9.000% 2008 Perpetual EUR 10 10
8.500% 2008 Perpetual USD 2,000 1,393
8.000% 2008 Perpetual EUR 1,500 1,474
7.375% 2007 Perpetual USD 1,500 1,048 988
6.375% 2007 Perpetual USD 1,045 731 690
5.14 0% 2006 Perpetual GBP 1,600 623 810
5.775% 2005 Perpetual USD 1,000 711 674
6.125% 2005 Perpetual USD 1,700 487 462
4.176% 2005 Perpetual EUR 1,500 497 497
Variable 2004 Perpetual EUR 1,000 939 937
6.200% 2003 Perpetual USD 1,500 348 330
Variable 2003 Perpetual EUR 1,750 684 682
7.200% 2002 Perpetual USD 1,100 773 726
7.050% 2002 Perpetual USD 1,800 563 529
8.439% 2000 31 December 2030 USD 1,500 1,071 1,014
11,352 8,339
243
ING Group Annual Report 2008