ING Direct 2013 Annual Report Download - page 130

Notes to the consolidated annual accounts of ING Group continued
Reclassifications to Loans and advances to customers and Amounts due from banks (continued)
Q2 2009 Q1 2009 Q4 2008
2010
Carrying value as at 31December 4,465 16,906 857
Fair value as at 31December 4,594 16,099 889
Unrealised fair value losses recognised in shareholders’ equity (before tax) as at 31December –491 –633 –65
Effect on shareholders’ equity (before tax) as at 31December if reclassification had not been made 129 –807 32
Effect on result (before tax) if reclassification had not been made nil nil nil
Effect on result (before tax) for the year (mainly interest income) 89 467 34
Recognised impairments (before tax) nil nil nil
Recognised provision for credit losses (before tax) nil nil nil
2009
Carrying value as at 31December 5,550 20,551 1,189
Fair value as at 31December 5,871 20,175 1,184
Unrealised fair value losses in shareholders’ equity (before tax) as at 31December –734 –902 –67
Effect on shareholders’ equity (before tax) as at 31December if reclassification had not been made 321 –376 –5
Effect on result (before tax) if reclassification had not been made nil nil nil
Effect on result (before tax) after the reclassification until 31December (mainly interest income) 121 629 n.a
Effect on result (before tax) for the year (mainly interest income) n.a n.a 47
Recognised impairments (before tax) nil nil nil
Recognised provision for credit losses (before tax) nil nil nil
2008
Carrying value as at 31December 1,592
Fair value as at 31December 1,565
Unrealised fair value losses recognised in shareholders’ equity (before tax) as at 31December –79
Effect on shareholders’ equity (before tax) as at 31December if reclassification had not been made –27
Effect on result (before tax) if reclassification had not been made nil
Effect on result (before tax) after the reclassification until 31December (mainly interest income) 9
Recognised impairments (before tax) nil
Recognised provision for credit losses (before tax) nil
Available-for-sale equity securities by banking and insurance operations
Listed Unlisted Total
2013 2012 2013 2012 2013 2012
Banking operations 1,134 1,944 511 690 1,645 2,634
Insurance operations 2,688 2,297 2,932 2,776 5,620 5,073
3,822 4,241 3,443 3,466 7,265 7,707
Debt securities by banking and insurance operations
Available-for-sale Held-to-maturity Total
2013 2012 2013 2012 2013 2012
Banking operations 75,238 71,645 3,098 6,545 78,336 78,190
Insurance operations 55,394 114, 232 55,394 114,232
130,632 185,877 3,098 6,545 133,730 192,422
Reference is made to Note 51 ‘Transfer of financial assets’ for information on securities lending as well as sale and repurchase transactions.
Borrowed debt securities are not recognised in the balance sheet and amount to nil (2012: nil).
Investments in connection with the insurance operations with a combined carrying value of nil (2012: nil) did not produce any income for the year
ended 31 December 2013.
128 ING Group Annual Report 2013