ING Direct 2013 Annual Report Download - page 224

Notes to the consolidated annual accounts of ING Group continued
Most significant companies divested in 2011
Clarion
Partners
Clarion Real
Estate
securities
ING REIM Asia
and Europe ING Car Lease
Pacific Antai
Life Insurance
Company Ltd
Latin American
operations Total
General
Primary line of business Bank Bank Bank Bank Insurance Insurance
Sales proceeds
Cash proceeds(1) 69 224 365 696 82 2,572 4,008
Non-cash proceeds 65 65
Sales proceeds 69 224 365 696 82 2,637 4,073
Assets
Cash assets 7 80 87
Investments 146 644 790
Loans and advances to customers 1 104 54 6165
Amounts due from banks 1 3 94 103 201
Financial assets at fair value through profit and loss 5 10 679 694
Real estate investments
Property and equipment 3,275 3,275
Miscellaneous other assets 20 44 82 341 48 1,491 2,026
Liabilities
Insurance and investment contracts 205 715 920
Amounts due to banks 101 101
Customer deposits and other funds on deposit 3,028 66 3,094
Miscellaneous other liabilities 10 19 116 333 14 563 1,055
Net assets 16 28 61 361 46 1,556 2,068
% disposed 100% 100% 100% 100% 80% Various (2)
Net assets disposed 16 28 61 361 37 1,478 1,981
Gain on disposal(3) 39 182 245 347 28 995 1,836
(1) Cash outflow/inflow on group companies in the cash flow statement includes cash outflows/inflows on individually insignificant disposals in addition to the
cash flows presented.
(2) Comprises various entities as explained in the description of the disposal.
(3) The gain/loss on disposal comprises the sales proceed, the net assets disposed, the expenses directly related to the disposal and the realisation of unrealised
reserves.
222 ING Group Annual Report 2013