ING Direct 2013 Annual Report Download - page 178

Notes to the consolidated annual accounts of ING Group continued
c. Banking activities
Segments Banking
2013
Retail
Netherlands
Retail
Belgium
Retail
Germany
Retail
Rest of World
Commercial
Banking
Corporate
Line Banking
Total
Banking
Underlying income
– Net interest result 3,574 1,817 1,314 1,778 2,874 448 11,804
– Commission income 463 346 114 361 964 –4 2,244
– Total investment and other
income 42 158 –39 235 1,155 –294 1,257
Total underlying income 4,079 2,321 1,388 2,374 4,994 149 15,305
Underlying expenditure
– Operating expenses 2,306 1,471 709 1,621 2,232 219 8,558
– Additions to loan loss provision 877 183 82 280 867 2,288
– Other impairments * 24 5 2 78 27 136
Total underlying expenses 3,207 1,659 791 1,903 3,177 246 10,982
Underlying result before
taxation 872 663 598 471 1,817 –97 4,323
Taxation 221 196 188 111 415 –52 1,078
Minority interests –4 166 27 90
Underlying net result 651 470 409 294 1,375 –45 3,155
Divestments –43 –43
Special items –107 25 –82
Net result (continuing operations) 544 470 409 252 1,375 –20 3,031
* Analysed as a part of operating expenses.
Segments Banking
2012
Retail
Netherlands
Retail
Belgium
Retail
Germany
Retail
Rest of World
Commercial
Banking
Corporate
Line Banking
Total
Banking
Underlying income
– Net interest result 3,377 1,723 1,141 1,740 3,422 260 11,664
– Commission income 485 335 87 339 907 19 2,173
– Total investment and other
income 34 136 –36 –273 633 –19 477
Total underlying income 3,897 2,194 1,193 1,807 4,963 260 14,313
Underlying expenditure
– Operating expenses 2,235 1,419 669 1,618 2,210 275 8,427
– Additions to loan loss provision 665 168 83 250 955 2,121
– Other impairments * 13 6 162 29 211
Total underlying expenses 2,914 1,593 752 1,868 3,328 304 10,759
Underlying result before
taxation 982 601 441 –62 1,635 –44 3,554
Taxation 244 168 161 33 432 –25 1,013
Minority interests 1 66 23 91
Underlying net result 739 433 278 –161 1,180 –19 2,450
Divestments 1,278 1,278
Special items –284 –22 –129 –160 –595
Net result (continuing operations) 456 411 278 1,117 1,050 –179 3,134
* Analysed as a part of operating expenses.
176 ING Group Annual Report 2013