ING Direct 2009 Annual Report Download - page 144

Notes to the consolidated balance sheet of ING Group (continued)
2.1 Consolidated annual accounts
ING Group Annual Report 2009
142
Changes in deferred tax
Net
liability
2008
Change
through
equity
Change
through
net result
Changes
in the
composition
of the group
Exchange
rate
differences Other
Net
liability
2009
Investments –5,418 5,330 341 17 –114 53 209
Financial assets and liabilities at fair value through
profit and loss 28 –1 –324 –21 10 –4 –312
Deferred acquisition costs and VOBA 3,481 –568 169 –12 –174 71 2,967
Fiscal reserve –48 48
Depreciation 15 –4 1 12
Insurance provisions –494 –483 –467 55 –1 –56 –1,446
Cash flow hedges 277 –197 –2 –9 69
Pension and post-employment benefits 374 326 700
Other provisions –1,422 2360 4116 –72 –1,012
Receivables –61 –72 –5 –11 –149
Loans and advances to customers 560 136 –28 145 714
Unused tax losses carried forward –1,653 –951 782 7–2,508
Other –119 –70 –695 –34 19 85 –814
–4,432 4,013 –1,229 –12 –68 158 –1,570
Comprising:
– deferred tax liabilities 3,602 2,399
– deferred tax assets –8,034 –3,969
–4,432 –1,570
The Change through net result – Other relates mainly to the tax effect on the additional Illiquid Assets Back-Up Facility payments as part
of the overall agreement with the European Commission of EUR 1.3 billion and on tax losses of foreign branches carried forward.
The Change through equity relating to Investments of EUR 5,330 million (2008: EUR –5,409 million) consists of a deferred tax component
of EUR 4,836 million (2008: EUR –6,832 million) relating to Unrealised revaluations and a deferred tax component of EUR 494 million
(2008: EUR 1,423 million) relating to Realised gains/losses transferred to profit and loss.
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 –1,146 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