ING Direct 2013 Annual Report Download - page 122

NOTES TO THE CONSOLIDATED BALANCE SHEET
ASSETS
2 CASH AND BALANCES WITH CENTRAL BANKS
Cash and balances with central banks
2013 2012
Amounts held at central banks 10,625 13,847
Cash and bank balances 2,471 3,671
Short term deposits insurance operations 220 139
13,316 17,657
Amounts held at central banks reflect on demand balances.
3 AMOUNTS DUE FROM BANKS
Amounts due from banks
Netherlands International Total
2013 2012 2013 2012 2013 2012
Loans and advances to banks 10,911 14,527 30,011 22,775 40,922 37,302
Cash advances, overdrafts and other balances 1,634 1,227 475 552 2,109 1,779
12,545 15,754 30,486 23,327 43,031 39,081
Loan loss provisions –19 –28 –19 –28
12,545 15,754 30,467 23,299 43,012 39,053
Loans and advances to banks include balances (mainly short-term deposits) with central banks amounting to EUR 5,393 million
(2012: EUR 1,057 million).
As at 31 December 2013, Amounts due from banks includes receivables with regard to securities which have been acquired in reverse
repurchase transactions amounting to EUR 5,137 million (2012: EUR 1,109 million) and receivables related to finance lease contracts
amounting to EUR 73 million (2012: EUR 133 million).
Reference is made to Note 51 ‘Transfer of financial assets’ for information on securities lending as well as sale and repurchase transactions.
As at 31 December 2013, the non-subordinated receivables amounts to EUR 43,011 million (2012: EUR 39,050 million) and the
subordinated receivables amounts to EUR 1 million (2012: EUR 3 million).
No individual amount due from banks has terms and conditions that significantly affect the amount, timing or certainty of consolidated
cash flows of the Group. For details on significant concentrations see ‘Risk management’ section.
4 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS
Financial assets at fair value through profit and loss
2013 2012
Trading assets 114,247 114, 895
Investments for risk of policyholders 39,589 98,765
Non-trading derivatives 8,546 13,951
Designated as at fair value through profit and loss 2,790 4,760
165,172 232,371
The change in Financial assets at fair value through profit and loss includes EUR –78,101 million as a result of the classification of ING U.S.
as held for sale and EUR 16,357 million as a result of the classification to continuing operations of ING Japan. Reference is made to Note
59 ‘Other events’.
Reference is made to Note 51 ‘Transfer of financial assets’ for information on securities lending as well as sale and repurchase transactions.
Notes to the consolidated annual accounts of ING Group continued
120 ING Group Annual Report 2013