ING Direct 2011 Annual Report Download - page 142

The unrealised revaluations after taxation relate to changes in the value of hedging instruments that are designated as net investment hedges.
Changes in other reserves
2011
Retained
earnings
Share of
associates
reserve
Treasury
shares
Other
reserves Total
Opening balance 24,289 907 –715 –5,361 19,120
Result for the year 5,766 5,766
Unrealised revaluations after taxation 16 16
Changes in treasury shares 50 50
Transfer to share of associates reserve –383 383
Employee stock options and share plans 115 115
Repurchase premium –1,000 –1,000
Closing balance 28,803 1,290 –665 –5,361 24,067
The repurchase premium of EUR 1 billion is paid in relation to the repayment of the EUR 2 billion non-voting equity securities.
Changes in other reserves
2010
Retained
earnings
Share of
associates
reserve
Treasury
shares
Other
reserves Total
Opening balance 21,688 645 –737 –5,361 16,235
Result for the year 2,810 2,810
Unrealised revaluations after taxation –156 171 15
Changes in treasury shares 22 22
Transfer to share of associates reserve –91 91
Employee stock options and share plans 36 36
Other 2 2
Closing balance 24,289 907 –715 –5,361 19,120
Changes in other reserves
2009
Retained
earnings
Share of
associates
reserve
Treasury
shares
Other
reserves Total
Opening balance 23,087 726 –866 –5,015 17,932
Result for the year –1,006 –1,006
Unrealised revaluations after taxation –273 –5 –278
Changes in treasury shares 129 129
Transfer to share of associates reserve 76 –76
Dividend and repurchase premium –259 –346 –605
Employee stock options and share plans 64 64
Other –1 –1
Closing balance 21,688 645 –737 –5,361 16,235
Dividend and repurchase 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 treasury shares
Amount Number
2011 2010 2009 2011 2010 2009
Opening balance 715 737 866 51,300,101 47,047,225 36, 457,118
Purchased/sold –17 48 47 –625,803 6,393,739 11, 6 4 8 ,765
Rights issue –64
Share-based payments –19 –23 –27 –1,368,381 –2,140,863 –1,058,658
Other –14 –47 –85
Closing balance 665 715 737 49,305,917 51,300,101 47,0 47,225
Notes to the consolidated annual accounts of ING Group continued
140 ING Group Annual Report 2011