ING Direct 2015 Annual Report Download - page 127

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
2014
Less than 1
month1
1–
3
months
3–12
months
1–
5
years
Over 5
years
Maturity not
appliciable
Adjust-
ment2
Total
Subordinated loans
889
860
8,635
5,727
488
16,599
Debt securities in issue
3,304
26,487
22,161
40,343
25,180
3,484
120,959
Amounts due to banks
15,063
1,984
1,490
7,180
4,286
30,003
Customer deposits and other funds on deposit
425,841
27,995
23,806
9,195
2,406
38
489,281
Financial liabilities at fair value through profit
and loss
– other trading liabilities
33,363
6,746
2,503
1,789
3,490
1,181
49,072
– trading derivatives
3,330
3,300
8,119
18,897
18,796
–4,423
48,019
– non-trading derivatives
473
171
1,101
3,283
1,975
–646
6,357
– designated as at fair value through profit and
loss 368 549 1,250 5,110 5,979 295 13,551
Financial liabilities
481,742
67,232
61,319
86,657
70,747
5,727
417
773,841
Other liabilities
6,915
1,960
4,365
1,393
1,442
16,075
Non-financial liabilities
6,915
1,960
4,365
1,393
1,442
16,075
Total liabilities
488,657
69,192
65,684
88,050
72,189
5,727
417
789,916
Coupon interest due on financial liabilities3
976
1,139
4,155
11,874
7,917
26,061
1 Includes liabilities on demand.
2 This column reconciles the contractual undiscounted cash flows on financial liabilities to the balance sheet values. The adjustments mainly relate to the impact of
discounting, and for derivatives, to the fact the contractual cash flows are presented on a gross basis (unless the cash flows are actually settled net).
3 As of 2015, Coupon interest due on financial liabilities no longer includes coupon interest due on perpetual loans. Comparative amounts are adjusted accordingly.
40 Assets not freely disposable
The assets not freely disposable consist primarily of Loans and advances to customers pledged to secure Debt securities in issue,
deposits from De Nederlandsche Bank (the Dutch Central Bank) and other banks and serve to secure margin accounts and are used for
other purposes required by law. The assets not freely disposable are as follows:
2015
2014
Investments
726
723
Financial assets at fair value through profit and loss
550
Loans and advances to customers
74,506
71,637
Banks
– Cash and balances with central banks
1,899
3,588
– Amounts due from banks
7,806
6,967
Other assets
675
767
86,162
83,682
1 Excludes assets classified as held for sale (2014: ING Vysya)
In some jurisdictions ING Bank N.V. has an obligation to maintain a reserve with central banks. As at 31 December 2015, the minimum
mandatory reserve deposits with various central banks amount to EUR 8,922 million (2014: EUR 8,185 million).
Loans and advances to customers that have been pledged as collateral for Debt securities in issue and for liquidity purposes, amount
in the Netherlands to EUR 53 billion (2014: EUR 52 billion), in Germany to EUR 13 billion (2014: EUR 13 billion), in Belgium EUR 5 billion
(2014: EUR 4 billion) and in Australia to EUR 3 billion (2014: EUR 3 billion).
The table does not include assets relating to securities lending as well as sale and repurchase transactions. Reference is made to Note
41 ‘Transfer of financial assets’.
Liabilities by maturity
Assets not freely disposable1
ING Bank Annual Report 2015 125