ING Direct 2015 Annual Report Download - page 80

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
26 Other income
2015
2014
2013
Net operating lease income
2
5
1
Income from real estate development projects
8
32
Other
41
97
–29
51
102
4
Net operating lease income comprises income of EUR 19 million (2014: EUR 23 million; 2013: EUR 18 million) and depreciation of EUR
17 million (2014: EUR 18 million; 2013: EUR 17 million).
In 2015, Other income – Other is mainly impacted by positive results on the sale of loans and property,partly offset by non-recurring
charges related to increased prepayments and renegotiations of mortgages.
In 2013, Other income - Other included EUR –71 million net result on the unwinding of the Illiquid Assets Back-up Facility. Reference is
made to Note 49 ‘Transactions with the Dutch State and the European Commission Restructuring plan’.
27 Staff expenses
2015
2014
2013
Salaries
3,221
3,149
3,248
Pension and other staff related benefit costs
275
1,218
231
Social security costs
514
514
512
Share-based compensation arrangements
70
55
58
External employees
634
623
636
Education
68
57
60
Other staff costs
180
167
169
4,962
5,783
4,914
In 2015, there is a new collective labour agreement in the Netherlands resulting in reduced rights to future benefits. The impact of this
is included in Pension and other staff-related benefit costs.
In 2014, a charge of EUR 871 million was recognised in Pensions costs related to the Dutch defined benefit plan settlement. Reference
is made to Note 34 ‘Pension and other post-employment benefits’ for information on pensions.
In 2013, the Dutch Government imposed an additional tax charge of 16% on the income in excess of EUR 150,000 of each employee
who is subject to Dutch income tax. The tax was charged to the company and did not affect the remuneration of involved staff. The
tax imposed on ING for relevant employees amounts to nil in 2015 (2014: nil; 2013: EUR 15.7 million), which is included in the table
above.
Netherlands
International
Total
2015
2014
2013
2015
2014
2013
2015
2014
2013
Average number of employees at
full time equivalent b
asis1 14,586 15,209 16,155 38,134 40,736 48,218 52,720 55,945 64,373
1 The average number of employees comprises, on an average basis, employees of entities that were sold or classified as held for sale during the year.
Share-based compensation arrangements include EUR 70 million (2014: EUR 55 million; 2013: EUR 58 million) relating to equity-settled
share-based payment arrangements and nil (2014: nil; 2013: nil) relating to cash-settled share-based payment arrangements.
Remuneration of senior management, Executive Board and Supervisory Board
Reference is made to Note 48 ‘Related parties’.
Other income
Staff expenses
Number of employees
ING Bank Annual Report 2015 78