ING Direct 2009 Annual Report Download - page 97

amounts in millions of euros Share capital
Share
premium Reserves
Total
shareholders’
equity
(parent)
Non-voting
equity
securities
Minority
interests Total equity
Balance as at 31 December 2008 495 9,182 7,657 17, 334 10,000 1,594 28,928
Unrealised revaluations after taxation 11,874 11,874 –7 11,867
Realised gains/losses transferred to profit
and loss 1,554 1,554 1,554
Changes in cash flow hedge reserve –805 –805 –805
Transfer to insurance liabilities/DAC –2,079 –2,079 –2,079
Exchange rate differences 56 56 3 59
Other revaluations –9 –9
Total amount recognised directly in equity 10,600 10,600 –13 10,587
Net result –935 –935 –118 –1,053
9,665 9,665 –131 9,534
Issuance costs incurred –222 –222 –222
Employee stock option and share plans 64 64 64
Repayment of non-voting equity securities –5,000 –5,000
Changes in the composition of the group –546 –546
Dividend and repayment premium (4) –605 –605 –2 –607
Proceeds from rights issue 424 7,074 7,498 7, 498
Purchase/sale of treasury shares 129 129 129
Balance as at 31 December 2009 919 16,034 16,910 33,863 5,000 915 39,778
(4) The 2009 amount of EUR 605 million includes the coupon (EUR 259 million) and repayment premium (EUR 346 million) on the repayment of EUR 5 billion
non-voting equity securities.
In 2009, deferred taxes for the year with regard to unrealised revaluations amounted to EUR –3,520 million (2008: EUR 5,381 million;
2007: EUR 1,451 million). For details on deferred tax see Note 21 ‘Other liabilities’.
Reserves include Revaluation reserve of EUR 2,466 million (2008: EUR –8,502 million; 2007: EUR 4,937 million), Currency translation
reserve of EUR –2,008 million (2008: EUR –1,918 million; 2007: EUR –1,354 million) and Other reserves of EUR 16,452 million
(2008: EUR 18,077 million; 2007: EUR 24,352 million). Changes in individual components are presented in Note 13 ‘Shareholders’
equity (parent)/non-voting equity securities’.
2.1 Consolidated annual accounts
ING Group Annual Report 2009 95
Consolidated statement of changes in equity of ING Group (continued)