ING Direct 2009 Annual Report Download - page 177

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Amounts in each of the levels are impacted by changes in the amount and composition of the relevant balance sheet items during
the year.
Changes in Level 3 Assets
2009 Trading assets
Investment for
risk of policy-
holders
Non-trading
derivatives
Financial assets
designated at
fair value
through profit
and loss
Available-for-
sale investments Total
Opening balance 1,212 303 31,873 27,361 30,752
Amounts recognised in profit or loss
during the year –69 2–133 –90 –1,512 –1,802
Revaluation recognised in equity during
the year 7,344 7,34 4
Purchase of assets 164 65 6718 997 1,950
Sale of assets –112 –113 94 –569 –22,204 –22,904
Maturity/settlement –41 –68 –4 –171 –3,103 –3,387
Reclassifications –43 –67 –5,994 – 6,10 4
Transfers into Level 3 8 243 123 7,095 7, 469
Transfers out of Level 3 –896 –123 –76 –3,641 –4,736
Exchange rate differences –20 5–78 698 605
Changes in the composition of the group –92 –78 –170
Closing balance 215 54 214 1,571 6,963 9,017
Changes in Level 3 Liabilities
2009 Trading liabilities
Non-trading
derivatives
Financial
liabilities
designated at
fair value
through profit
and loss
Investment
contracts (for
contracts carried
at fair value) Total
Opening balance 357 25 64 99 545
Amounts recognised in profit or loss
during the year –64 –87 124 2 –25
Issue of liabilities 57 541 539 22 1,159
Early repayment of liabilities –110 –26 –155 –72 –363
Maturity/settlement –173 –121 –294
Transfers into Level 3 30 417 174 8629
Transfers out of Level 3 –42 –290 –10 –342
Exchange rate differences 18 –10 8
Changes in the composition of the group –1 –1
Closing balance 55 887 335 39 1,316
Amounts recognised in profit and loss during the year (Level 3)
2009
Held at balance
sheet date
Derecognised
during the year Total
Assets
Trading assets –69 –69
Investments for risk of policyholders 2 2
Non-trading derivatives –133 –133
Financial assets designated at fair value
through profit and loss –104 14 –90
Available-for-sale investments –1,523 11 –1,512
–1,829 27 –1,802
Liabilities
Trading liabilities –64 –64
Non-trading derivatives –154 67 –87
Financial liabilities designated at fair value
through profit and loss 124 124
Investment contracts (for contracts carried
at fair value) 2 2
–94 69 –25
2.1 Consolidated annual accounts
ING Group Annual Report 2009 175
Additional information to the consolidated balance sheet of ING Group (continued)