ING Direct 2015 Annual Report Download - page 111
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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
2015
Trading
assets
Non-
trading
derivatives
Financial
assets
designa-
ted as at
fair value
through
profit
and loss
Available-
for-sale
invest-
ments Total
Opening balance
810
130
90
573
1,603
Amounts recognised in the profit and loss account during the year
146
–127
–55
30
–6
Revaluation recognised in equity during the year
171
171
Purchase of assets
356
4
467
125
952
Sale of assets
–76
–148
–209
–433
Maturity/settlement
–46
–16
–5
–67
Transfers into Level 3
11
11
Transfers out of Level 3
–61
–61
Exchange rate differences
6
23
29
Changes in the composition of the group and other changes
–15
–15
Closing balance
1,146
7
338
693
2,184
In 2015, there were no significant transfers into or out of Level 3.
Included in ‘Revaluation recognised in equity during the year’, is an amount of EUR 154 million related to available-for-sale equity
securities held in Visa Europe Limited. Reference is made to Note 5 ‘Investments’, Note 13 ‘Equity’ and Note 50 ‘Other events’.
2014
Trading
assets
Non-
trading
derivatives
Financial
assets
designa-
ted as at
fair value
through
profit
and loss
Available-
for-sale
invest-
ments Total
Opening balance
1,299
62
198
1,042
2,601
Amounts recognised in the profit and loss account during the year
–368
68
–67
20
–347
Revaluation recognised in equity during the year
7
7
Purchase of assets
270
49
97
416
Sale of assets
–219
–45
–143
–407
Maturity/settlement
–76
–45
–448
–569
Transfers into Level 3
69
48
3
120
Transfers out of Level 3
–174
–48
–222
Exchange rate differences
9
14
23
Changes in the composition of the group and other changes
–19
–19
Closing balance
810
130
90
573
1,603
Changes in Level 3 Financial assets
Changes in Level 3 Financial assets
ING Bank Annual Report 2015 109