ING Direct 2013 Annual Report Download - page 182

Notes to the consolidated annual accounts of ING Group continued
Segments Insurance
2011
Nether-
lands Life
Nether-
lands
Non-Life
Insurance
Europe Japan Life IM Other
Japan
Closed
Block VA
Insurance
Other Total
Investment margin 579 159 2 3 742
Fees and premium based revenues 499 548 437 434 149 2,066
Technical margin 278 206 –4 479
Operating income non-modelled life business 36 945
Life & IM operating income 1,392 921 434 437 149 3,332
Administrative expenses 533 353 129 313 91,336
DAC amortisation and trail commissions 109 307 187 50 652
Life & IM expenses 641 659 315 313 59 1,988
Life & IM operating result 750 262 119 124 91 1,345
Non-life operating result 186 4191
Operating result Other –313 56 –257
Operating result 750 186 266 119 124 –313 91 56 1,279
Non-operating items
– Gains/losses and impairments 193 –45 –599 7 5 6 –433
– Revaluations 72 5–16 1–39 23
– Market & other impacts –250 47 –202
Special items before tax –83 –53 –90 –10 22 –214
Result on divestments –9 –9
Result before tax from continuing operations 683 93 –439 126 118 –333 138 56 443
Taxation 100 19 –49 –29 36 –95 57 –30 9
Minority interests 410 –10 4
Net result from continuing operations 578 75 –400 156 82 –238 81 96 430
Total net result from discontinued operations
ING U.S. –613
Total net result from discontinued operations Asia 314
Total net result from discontinued operations Latin
America 1,109
Net result 1,240
Reconciliation from Operating result to Underlying result before tax
2011
Nether-
lands Life
Nether-
lands
Non-Life
Insurance
Europe Japan Life IM Other
Japan
Closed
Block VA
Insurance
Other Total
Operating result 750 186 266 119 124 –313 91 56 1,279
Non-operating items 16 –40 – 615 7 5 –34 47 –613
Underlying result before tax 766 147 –349 126 129 –347 138 56 666
e. Other information by segment
Interest income and interest expenses breakdown by segments Banking
2013
Retail
Netherlands Retail Belgium Retail Germany
Retail
Rest of World
Commercial
Banking
Corporate Line
Banking Total Banking
Interest income 7,526 2,575 3,640 5,030 30,736 2,998 52,505
Interest expense 1,568 781 2,489 3,284 28,155 4,440 40,717
5,958 1,794 1,151 1,746 2,581 –1,442 11,788
Interest income and interest expenses breakdown by segments Insurance
2013
Nether-
lands Life
Nether-
lands
Non-life
Insurance
Europe Japan Life IM Other
Japan
Closed
Block VA
Insurance
Other Total
Interest income 1,621 104 550 146 1434 333 3,189
Interest expense 12 19 2 109 319 461
1,609 104 531 144 1325 14 2,728
180 ING Group Annual Report 2013