ING Direct 2009 Annual Report Download - page 263

Changes in issued share capital
Ordinary shares (par value EUR 0.24)
Number x1,000 Amount
Issued share capital as at 31 December 2007 2,226,445 534
Issue of shares 1,848
Buy-back of shares –183,158 –44
Exercise of B warrants 18,013 5
Issued share capital as at 31 December 2008 2,063,148 495
Issue of shares 1,768,413 424
Issued share capital as at 31 December 2009 3,831,561 919
SHARE PREMIUM
Changes in Share premium are disclosed in the Parent company statement of changes in equity of ING Group.
Changes in other reserves and unappropriated result
2009
Retained
earnings
Treasury
shares
Other
reserves
Total Other
reserves
Unappro-
priated result Total
Opening balance 23,838 –866 –4,916 18,056 –729 17, 327
Result for the year –935 –935
Unrealised revaluations after taxation –112 –112 –112
Changes in treasury shares 129 129 129
Dividend and repayment premium –346 –346 –259 –605
Transfer to share of associates reserve 76 76 76
Transfer to retained earnings –988 –988 988
Closing balance 22,814 –737 –5,262 16,815 –935 15,880
Dividend and repayment premium includes the coupon (EUR 259 million) and repayment premium (EUR 346 million) on the repayment of
EUR 5 billion non-voting equity securities.
Changes in other reserves and unappropriated result
2008
Retained
earnings
Treasury
shares
Other
reserves
Total Other
reserves
Unappro-
priated result Total
Opening balance 17, 367 –3,740 –36 13,591 9,241 22,832
Result for the year –729 –729
Unrealised revaluations after taxation 324 324 324
Changes in treasury shares –2,030 –2,030 –2,030
Dividend –3,600 –3,600
Transfer to share of associates reserve 582 582 582
Transfer to retained earnings 5,641 5,641 –5,641
Employee stock option and share plans –76 –76 –76
Issuance costs incurred –20 –20 –20
Cancellation of shares 4,904 –4,860 44 44
Closing balance 23,838 –866 –4,916 18,056 –729 17,327
As at 31 December 2009, the Share of associates reserve included an amount of EUR 645 million (2008: EUR 566 million) related to the
former Stichting Regio Bank that cannot be freely distributed.
Positive components of the Share of associates reserve and Currency translation reserve cannot be freely distributed. The reserve for cash
flow hedges is included in the Share of associates reserve on a net basis. Retained earnings can be freely distributed, except for an amount
equal to the negative balance in each of the components of the Currency translation reserve and Share of associates reserve. Unrealised
gains and losses on derivatives, other than those used in cash flow hedges, are presented in the profit and loss account and are therefore
part of Retained earnings and are not included in Share of associates reserve.
ING Group Annual Report 2009 261
2.2 Parent company annual accounts
Notes to the parent company balance sheet of ING Group (continued)