ING Direct 2011 Annual Report Download - page 205

Notes to the consolidated annual accounts of ING Group continued
c. Banking activities
Operating segments Banking
2011
Retail
Netherlands
Retail
Belgium ING Direct Retail CE Retail Asia
Commercial
Banking
ING Real
Estate
Corporate
Line Banking
Total
Banking
Underlying income
– Net interest result 3,613 1,606 3,865 705 143 3,257 482 –109 13,562
– Commission income 481 336 166 249 59 933 44 –13 2,255
– Total investment and other
income 52 89 –608 74 73 304 350 37
Total underlying income 4,146 2,031 3,423 1,028 275 4,494 529 –72 15,854
Underlying expenditure
– Operating expenses 2,399 1,425 1,951 772 173 2,176 141 91 9,128
– Additions to loan
lossprovision 457 145 462 97 30 330 146 1,667
– Other impairments * 29 711 1 2 208 61 319
Total underlying expenses 2,885 1,577 2,424 870 203 2,508 495 152 11,114
Underlying result before
taxation 1,261 454 999 158 72 1,986 34 –224 4,740
Taxation 316 108 349 30 14 398 87 –25 1,277
Minority interests 1 29 30 26 –7 79
Underlying net result 945 346 649 99 28 1,562 –46 –199 3,384
* Analysed as a part of operating expenses.
Operating segments Banking
2010 Retail Netherlands Retail Belgium ING Direct Retail CE Retail Asia Commercial Banking ING Real Estate Corporate Line Banking Total Banking
Underlying income
– Net interest result 3,816 1,608 3,774 670 169 3,233 439 –154 13,555
– Commission income 498 345 152 278 55 910 28 –13 2,253
– Total investment and other
income –4 95 –144 28 62 677 62 232 1,008
Total underlying income 4,310 2,048 3,782 976 286 4,820 529 65 16,816
Underlying expenditure
– Operating expenses 2,337 1,345 1,857 760 180 2,105 153 111 8,848
– Additions to loan
lossprovision 560 160 446 61 26 387 102 1,742
– Other impairments * 39 29 1 2 383 34 488
Total underlying expenses 2,936 1,505 2,332 822 206 2,494 638 145 11,078
Underlying result before
taxation 1,374 543 1,450 154 80 2,326 –109 –80 5,738
Taxation 361 91 463 31 15 484 27 –45 1,427
Minority interests –6 120 22 28 469
Underlying net result 1,013 458 986 103 43 1,814 –140 –35 4,242
* Analysed as a part of operating expenses.
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
203ING Group Annual Report 2011