ING Direct 2013 Annual Report Download - page 173

Notes to the consolidated annual accounts of ING Group continued
41 CASH AND CASH EQUIVALENTS
Cash and cash equivalents
2013 2012 2011
Treasury bills and other eligible bills 574 518 2,610
Amounts due from/to banks 1,015 4,633 –4,504
Cash and balances with central banks 13,316 17,657 31,194
Cash and cash equivalents classified as Assets held
for sale 2,275 1,342 4,980
Cash and cash equivalents at end of year 17,180 24,150 34,280
Treasury bills and other eligible bills included in cash and cash equivalents
2013 2012 2011
Treasury bills and other eligible bills included in
trading assets 489 79 1,470
Treasury bills and other eligible bills included in
available-for-sale investments 85 439 1,140
574 518 2,610
Amounts due to/from banks
2013 2012 2011
Included in cash and cash equivalents:
– amounts due to banks –11,451 –12,147 –19,121
– amounts due from banks 12,466 16,780 14,617
1,015 4,633 –4,504
Not included in cash and cash equivalents:
– amounts due to banks –15,806 –26,557 –53,112
– amounts due from banks 30,546 22,273 30,706
14,740 –4,284 –22,406
Total as included in balance sheet:
– amounts due to banks –27,257 –38,704 –72,233
– amounts due from banks 43,012 39,053 45,323
15,755 349 –26,910
Cash and cash equivalents includes amount due to/from banks with a term of less than three months from the date on which they were
acquired.
ING Group’s risk management (including liquidity) is explained in the ‘Risk management’ section.
SEGMENT REPORTING
42 SEGMENTS
a. General
ING Group’s segments are based on the internal reporting structure by lines of business. The segments Insurance United States (US),
Insurance US Closed Block VA, Investment Management US, and Corporate line US ceased to exist, due to the classification of Insurance
ING U.S. as held for sale and discontinued operations. Furthermore during 2013, ING has adjusted its reporting structure for its insurance
operations to better align its segmentation with the businesses that it comprises, their governance and internal management, and to
reflect the decision to divest ING Japan with the intended base case IPO of NN Group. Reference is made to Note 59 ‘Other events’. The
comparatives have been adjusted to reflect the new segment structure.
The new reporting segments for ING Group are as follows:
Segments of ING Group
Banking Insurance
Retail Netherlands Netherlands Life
Retail Belgium Netherlands Non-life
Retail Germany Insurance Europe
Retail Rest of World Japan Life
Commercial Banking Investment Management
Other
Japan Closed Block VA
171ING Group Annual Report 2013
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