ING Direct 2011 Annual Report Download - page 119

ASSETS
1 CASH AND BALANCES WITH CENTRAL BANKS
Cash and balances with central banks
2011 2010
Amounts held at central banks 26,481 7,9 8 3
Cash and bank balances 3,974 4,264
Short term deposits insurance operations 739 825
31,194 13,072
2 AMOUNTS DUE FROM BANKS
Amounts due from banks
Netherlands International Total
2011 2010 2011 2010 2011 2010
Loans and advances to banks 13,752 14,416 29,556 34,640 43,308 49,056
Cash advances, overdrafts and other balances 1,322 1,754 700 1,039 2,022 2,793
15,074 16,170 30,256 35,679 45,330 51,849
Loan loss provisions –7 –21 –7 –21
15,074 16,170 30,249 35,658 45,323 51,828
As at 31 December 2011, Amounts due from banks included receivables with regard to securities which have been acquired in reverse
repurchase transactions amounting to EUR 2,925 million (2010: EUR 4,621 million) and receivables related to finance lease contracts
amounting to EUR 76 million (2010: EUR 82 million).
As at 31 December 2011, the balance sheet value included debt securities which were lent or sold in repurchase transactions amounting
tonil (2010: nil) and EUR 2,267 million (2010: EUR 1,381 million), respectively.
As at 31 December 2011, the non-subordinated receivables amounted to EUR 45,304 million (2010: EUR 51,788 million) and the
subordinated receivables amounted to EUR 19 million (2010: EUR 40 million).
No individual amount due from banks has terms and conditions that materially affect the amount, timing or certainty of consolidated cash
flows of the Group. For details on significant concentrations see ‘Risk management’ section.
3 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS
Financial assets at fair value through profit and loss
2011 2010
Trading assets 123,688 125,675
Investments for risk of policyholders 116,438 120,481
Non-trading derivatives 17,159 11,722
Designated as at fair value through profit and loss 5,437 6,016
262,722 263,894
Trading assets by type
2011 2010
Equity securities 3,732 5,861
Debt securities 18,251 27,979
Derivatives 59,139 42,390
Loans and receivables 42,566 49,445
123,688 125,675
The increase in trading derivatives and other non-trading derivatives for which no hedge accounting is applied is mainly due to changes
infair value resulting from changes in market interest rates. The increase is substantially mitigated by a similar increase in Trading derivates
and Other non-trading derivatives (liabilities) as disclosed in Note 20 ‘Financial liabilities at fair value through profit and loss’.
As at 31 December 2011, the balance sheet value included equity securities which were lent or sold in repurchase transactions amounting
to EUR 591 million (2010: EUR 69 million) and nil (2010: nil), respectively. As at 31 December 2011, the balance sheet value included debt
securities which were lent or sold in repurchase transactions amounting to EUR 47 million (2010: EUR 65 million) and EUR 1,752 million
(2010: EUR 667 million), respectively.
Notes to the consolidated annual accounts
of ING Group
amounts in millions of euros, unless stated otherwise
1 Who we are 2 Report of the Executive Board 3 Corporate governance 4 Consolidated annual accounts 5 Parent company annual accounts 6 Other information 7 Additional information
117ING Group Annual Report 2011