ING Direct 2013 Annual Report Download - page 156

22 OTHER LIABILITIES
Other liabilities by type
2013 2012 2011
Deferred tax liabilities 1,056 2,813 3,611
Income tax payable 440 956 858
Net defined benefit liability 336 799 654
Other post-employment benefits 136 220 255
Other staff-related liabilities 558 650 1,111
Other taxation and social security contributions 833 918 898
Deposits from reinsurers 58 869 1,015
Accrued interest 7,876 10,569 11,698
Costs payable 1,749 2,160 2,401
Amounts payable to brokers 450 72
Amounts payable to policyholders 464 2,139 2,171
Reorganisation provisions 575 919 600
Other provisions 367 622 634
Share-based payment plan liabilities 44 47 39
Prepayments received under property under
development 21 83
Amounts to be settled 4,258 4,832 5,442
Other 2,934 4,195 3,381
21,688 32,779 34,923
The change in Other liabilities includes is EUR –4,451 million as a result of the classification of ING U.S. as held for sale and is EUR 1,093
million as a result of the classification to continuing operations of ING Japan. Reference is made to Note 59 ‘Other events’.
Disclosures in respect of Net defined benefit liabilities are provided in Note 44 ‘Pension and other post-employment benefits’ and deferred
tax liabilities are provided in Note 45 ‘Taxation’.
The provision for the estimated cost of the agreement with regard to unit-linked policies is included in Note 18 ‘Insurance and investment
contracts, reinsurance contracts’.
Other staff-related liabilities
Other staff-related liabilities includes vacation leave provisions, variable compensation provisions, jubilee provisions and disability/illness
provisions.
Reorganisation provisions
Changes in reorganisation provision
2013 2012
Opening balance 919 600
Additions 320 837
Releases –66 –23
Charges –580 –485
Exchange rate differences –4 2
Changes in the composition of the group and other
changes –14 –12
Closing balance 575 919
In general, Reorganisation provisions are of a short-term nature.
In 2013, Changes in the composition of the group and other changes includes EUR –10 million as a result of the classification of ING U.S. as
held for sale and nil as a result of the classification to continuing operations of ING Japan. Reference is made to Note 59 ‘Other events’.
Additions to the reorganisation provision are mainly related to the restructurings for Retail banking in the Netherlands, Commercial banking.
In 2013, a reorganisation provision of EUR 167 million is recognised in the segment Retail Netherlands and Commercial Banking as a result
of further measures that have been taken to accelerate the cost savings program. These measures are expected to result in a further
reduction of the workforce of around 300 FTEs.
Notes to the consolidated annual accounts of ING Group continued
154 ING Group Annual Report 2013