ING Direct 2015 Annual Report Download - page 52

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
For the purposes of the statement of cash flows, Cash and cash equivalents comprise balances with less than three months’ maturity
from the date of acquisition, including cash and balances with central banks, treasury bills and other eligible bills, amounts due from
other banks and amounts due to banks. Investments qualify as a cash equivalent if they are readily convertible to a known amount of
cash and are subject to an insignificant risk of changes in value.
Cash flows arising from foreign currency transactions are translated into the functional currency using the exchange rates at the date
of the cash flows.
The net cash flow shown in respect of Loans and advances to customers relates only to transactions involving actual payments or
receipts. The Addition to loan loss provision which is deducted from the item Loans and advances to customers in the balance sheet
has been adjusted accordingly from the result before tax and is shown separately in the statement of cash flows.
The difference between the net cash flow in accordance with the statement of cash flows and the change in Cash and cash
equivalents in the balance sheet is due to exchange rate differences and is accounted for separately as part of the reconciliation of the
net cash flow and the balance sheet change in Cash and cash equivalents.
h) Parent company accounts
The parent company accounts of ING Bank N.V. are prepared in accordance with the financial reporting requirements included in Part
9 of Book 2 of the Dutch Civil Code.
ING Bank Annual Report 2015 50