ING Direct 2015 Annual Report Download - page 112
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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
liabilities
Non-
trading
derivatives
Financial
liabilities
designa-
ted as at
fair value
through
profit
and loss Total
Opening balance
997
16
323
1,336
Amounts recognised in the profit and loss account during the year
120
–15
–83
22
Issue of liabilities
244
121
365
Early repayment of liabilities
–54
–31
–85
Maturity/settlement
–24
–15
–39
Transfers into Level 3
12
12
Transfers out of Level 3
–65
–117
–182
Exchange rate differences
9
9
Closing balance
1,239
1
198
1,438
In 2015, financial liabilities of EUR 182 million were transferred out of Level 3 mainly due to the valuation not being significantly
impacted by unobservable inputs.
2014
Trading
liabilities
Non-
trading
derivatives
Financial
liabilities
designa-
ted as at
fair value
through
profit
and loss
Total
Opening balance
1,105
1
343
1,449
Amounts recognised in the profit and loss account during the year
–54
14
–81
–121
Issue of liabilities
418
2
172
592
Early repayment of liabilities
–371
–78
–449
Maturity/settlement
–68
–1
–66
–135
Transfers into Level 3
42
88
130
Transfers out of Level 3
–82
–55
–137
Exchange rate differences
7
7
Closing balance
997
16
323
1,336
2015
Held at
balance
sheet date
Dere-
cognised
during
the year Total
Financial assets
Trading assets
146
146
Non-trading derivatives
–127
–127
Financial assets designated as at fair value through profit and loss
–55
–55
Available-for-sale investments
–34
64
30
–70
64
–6
Financial liabilities
Trading liabilities
120
120
Non-trading derivatives
–15
–15
Financial liabilities designated as at fair value through profit and loss
–83
–83
22
22
Changes in Level 3 Financial liabilities
Changes in Level 3 Financial liabilities
Amounts recognised in profit and loss account during the year (Level 3)
ING Bank Annual Report 2015 110