ING Direct 2015 Annual Report Download - page 227

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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 parent company annual accounts of ING Bank N.V. - continued
6 Equity securities
2015
2014
Listed
8,480
9,072
Unlisted
178
153
8,658
9,225
2015
2014
Opening balance
2,269
1,264
Additions
28
1
Changes in the composition of the group
1
Gains/(losses) from change in fair value
539
1,018
Provision for impairments
–1
–2
Disposals
–51
–14
Exchange rate differences
1
Closing balance
2,784
2,269
The cost or purchase price of the shares in the trading portfolio approximates their fair value. As at 31 December 2015 the cost or
purchase price of shares in the available-for-sale portfolio is EUR 2,476 million lower (2014: EUR 1,987 million lower) than the carrying
amount.
7 Investments in group companies
2015
2014
Interest
held (%)
Balance
sheet value
Interest
held (%)
Balance
sheet value
ING België N.V.
100%
9,817
100%
10,018
ING Holding Deutschland GMBH
100%
8,382
100%
8,227
ING Bank (Australia) Limited
100%
2,350
100%
2,373
ING Financial Holdings Corporation
100%
2,359
100%
2,096
ING Bank Slaski S.A.
75%
1,844
75%
1,805
WestlandUtrecht Bank N.V. 1
100%
1,071
ING Bank A.S.
100%
1,685
100%
1,405
ING Mauritius Investments I Limited
100%
1,181
100%
681
ING Vastgoed Management Holding B.V. 1
100%
630
ING Real Estate B.V.
100%
499
ING Australia Holdings Limited
100%
1,164
100%
1,148
ING Corporate Investments B.V.
100%
500
100%
446
ING Lease Holding N.V.1
100%
293
Other (including financing companies)
2,828
2,295
32,609
32,488
1 WestlandUtrecht Bank N.V., ING Vastgoed Management Holding B.V. and ING Lease Holding N.V. were merged with ING Bank N.V.
As at 31 December 2015, Investments in group companies includes credit institutions of EUR 16,809 million (2014: EUR 17,631 million).
As at 31 December 2015 listed investments in group companies amounts to EUR 1,844 million (2014: EUR 1,805 million).
Equity securities analysed by listing
Changes in equity securities (available-for-sale)
Investments in group companies
ING Bank Annual Report 2015 225