ING Direct 2015 Annual Report Download - page 67

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
2014
Investments in associates and joint ventures
729
–
729
Included in Shareholders’ equity is cumulative other comprehensive income of nil (2014: nil) related to Assets and liabilities held for
sale.
In 2015, Assets held for sale decreased by EUR 729 million and is attributable to:
• completion of the merger of ING Vysya and Kotak in April 2015, resulting in derecognition of the share held in ING Vysya and
recognition of the investment in Kotak as an available-for-sale equity investment and
• the sale of ING Nationale Nederlanden PTE Polska, S.A.
Reference is made to Note 5 ‘Investments’, Note 7 ‘Investments in associates and joint ventures’ and Note 50 ‘Other events’.
12 Other assets
2015
2014
Net defined benefit assets
643
589
Deferred tax assets
813
1,126
Property development and obtained from foreclosures
212
405
Income tax receivable
279
289
Accrued interest and rents
6,256
6,887
Other accrued assets
717
590
Other
4,367
4,165
13,287
14,051
Disclosures in respect of Net defined benefit assets are provided in Note 34 ‘Pension and other post-employment benefits’ and
deferred tax assets are provided in Note 35 ‘Taxation’.
Property development and obtained from foreclosures
2015
2014
Property under development
1
Property developed
141
319
Property obtained from foreclosures
71
85
212
405
Gross carrying amount as at 31 December
531
887
Accumulated impairments as at 31 December
–319
–482
Net carrying value
212
405
In 2015, the decrease in Property development and obtained from foreclosures relates mainly to the sale of developed property.
The total amount of borrowing costs relating to Property development and obtained from foreclosures, capitalised in 2015 is nil (2014:
nil).
Accrued interest and rents
Accrued interest and rents includes EUR 2,892 million (2014: EUR 3,191 million) accrued interest on assets measured at amortised cost
under the IAS 39 classification Loans and receivables.
Other
Other includes EUR 2,087 million (2014: EUR 2,144 million) related to transactions still to be settled at balance sheet date.
Assets held for sale
Other assets by type
Property development and obtained from foreclosures
ING Bank Annual Report 2015 65