ING Direct 2015 Annual Report Download - page 103

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Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Notes to the Consolidated annual accounts of ING Bank - continued
35 Taxation
Balance sheet – Deferred tax
Deferred taxes are recognised on all temporary differences under the liability method using tax rates applicable in the jurisdictions in
which ING Bank is subject to taxation.
Net
liability (-)
Net
asset (+)
2014
Change
through
equity
Change
through
net result
Exchange
rate
differences
Changes in
the
composi-
tion of the
group and
other
changes
Net
liability (-)
Net
asset (+)
2015
Investments
–1,064
111
152
3
18
–780
Real estate investments
–2
–2
Financial assets and liabilities at fair value through profit and loss
1,112
–373
739
Depreciation
–46
4
–4
–46
Cash flow hedges
–233
22
16
–195
Pension and post-employment benefits
213
–14
–5
7
201
Other provisions
42
–22
4
24
Receivables
258
180
3
441
Loans and advances to customers
–136
–100
1
–235
Unused tax losses carried forward
330
–215
3
118
Other
–220
10
113
1
–1
–97
254
129
–266
34
17
168
Presented in the balance sheet as:
– deferred tax liabilities
–872
–645
– deferred tax assets
1,126
813
254
168
Net
liability (-)
Net
asset (+)
2013
Change
through
equity
Change
through
net result
Exchange
rate
differences
Changes in
the
composi-
tion of the
group and
other
changes
Net
liability (-)
Net
asset (+)
2014
Investments
–445
–293
–316
10
–20
–1,064
Real estate investments
–2
–2
Financial assets and liabilities at fair value through profit and loss
795
321
–12
8
1,112
Depreciation
–38
–5
–5
2
–46
Cash flow hedges
316
–554
5
–233
Pension and post-employment benefits
50
103
54
6
213
Other provisions
43
–11
4
6
42
Receivables
49
205
4
258
Loans and advances to customers
244
–5
–334
–41
–136
Unused tax losses carried forward
103
224
8
–5
330
Other
–144
6
–68
–12
–2
–220
971
–743
70
8
–52
254
Presented in the balance sheet as:
– deferred tax liabilities
–334
–872
– deferred tax assets
1,305
1,126
971
254
Changes in deferred tax
Changes in deferred tax
ING Bank Annual Report 2015 101