ING Direct 2015 Annual Report Download - page 90
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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 Consolidated annual accounts of ING Bank - continued
2013
Retail
Nether-
lands
Retail
Belgium
Retail
Germany
Retail
Other
Wholesale
Banking
Corporate
Line
Banking
Total
Underlying income
– Net interest result
3,610
1,860
1,303
1,804
3,250
153
11,980
– Commission income
460
343
114
342
989
–9
2,239
– Total investment and other income
128
194
–30
259
1,058
–492
1,117
Total underlying income
4,198
2,397
1,387
2,405
5,297
–349
15,337
Underlying expenditure
– Operating expenses
2,409
1,500
709
1,600
2,352
114
8,683
– Additions to loan loss provision
877
183
82
279
868
2,288
Total underlying expenses
3,286
1,683
790
1,878
3,220
114
10,971
Underlying result before taxation
912
715
597
527
2,077
–463
4,365
Taxation
241
213
185
120
504
–173
1,088
Minority interests
–4
1
66
27
90
Underlying net result
672
506
412
342
1,546
–289
3,187
Divestments
–42
–42
Special items
–107
25
–82
Net result IFRS-EU
564
506
412
299
1,546
–264
3,063
2013
Income
Expenses
Net result
Underlying
15,337
10,971
3,187
Divestments
–9
14
–42
Special items
109
–82
IFRS-EU
15,327
11,094
3,063
Divestments in 2013 related to the sale of ING Direct UK.
Special items in 2013 was primarily related to the previously announced restructuring programmes in ING Bank which is partly offset
by pension curtailments in the Netherlands.
Segments by line of business
Reconciliation between Underlying and IFRS-EU income, expenses and net result
ING Bank Annual Report 2015 88