22 Assets and liabilities by contractual maturity

Assets and liabilities by contractual maturity

2007 Less than
1 month		 1-3
months		 3-12
months		 1-5
years		 Over 5
years		 Maturity
not
applicable		 Total
ASSETS        
Cash and balances with central banks 12,406           12,406
Amounts due from banks 25,939 5,736 8,705 6,591 1,904   48,875
Financial assets at fair value through profit and loss        
– trading assets(1)       193,213 193,213
– investments for risk of policyholders(2)       114,827 114,827
– non-trading derivatives 403 115 758 2,651 3,708 2 7,637
– designated as at fair value through profit and loss 1,504 610 1,894 1,999 5,043 403 11,453
Investments        
– available-for-sale 4,184 7,016 13,267 71,107 135,992 44,331 275,897
– held-to-maturity 232 287 1,093 8,504 6,637   16,753
Loans and advances to customers 131,610 17,234 26,654 93,545 280,738 3,183 552,964
Reinsurance contracts 21 36 308 307 2,725 2,477 5,874
Intangible assets 2 4 111 391 1,120 4,112 5,740
Deferred acquisition costs       10,692 10,692
Other assets 14,399 2,771 15,838 4,195 2,845 51 40,099
Remaining assets (where maturities are not applicable)(3)           16,080 16,080
Total assets 190,700 33,809 68,628 189,290 440,712 389,371 1,312,510
        
LIABILITIES        
Preference shares       21 21
Subordinated loans       7,325 7,325
Debt securities in issue 22,277 13,899 6,210 14,787 9,822   66,995
Other borrowed funds 434 4,847 916 7,059 13,802   27,058
Insurance and investment contracts 1,855 3,907 10,712 33,854 97,244 118,140 265,712
Amounts due to banks 117,179 28,758 12,935 6,862 1,238   166,972
Customer deposits and other funds on deposit 463,995 23,988 26,864 8,369 2,000   525,216
Financial liabilities at fair value through profit and loss        
– trading liabilities(1)       148,988 148,988
– non-trading derivatives 255 317 521 2,937 2,921   6,951
– designated as at fair value through profit and loss 873 771 2,395 5,912 3,931   13,882
Other liabilities 14,292 4,920 12,067 6,420 2,844 3,316 43,859
Total liabilities 621,160 81,407 72,620 86,200 133,802 277,790 1,272,979

(1) Trading assets and trading liabilities have been presented in the above table as maturity not applicable, because they are held for short term profit taking. The majority of items are debt instruments and equity instruments, where the contractual maturity is generally more than 5 years.

(2) Investments for risk of policyholders are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position of ING.

(3) Included in remaining assets where maturities are not applicable are:
– property and equipment
– real estate investments
– investments in associates.

Note: Due to their nature remaining assets consists mainly of assets expected to be recovered after more than 12 months.

Assets and liabilities by contractual maturity

2006 Less than 1
month		 1-3
months		 3-12
months		 1-5
years		 Over 5
years		 Maturity
not
applicable		 Total
ASSETS        
Cash and balances with central banks 14,326       14,326
Amounts due from banks 19,742 5,441 2,619 7,277 4,789   39,868
Financial assets at fair value through profit and loss        
– trading assets(1)       193,977 193,977
– investments for risk of policyholders(2)       110,547 110,547
– non-trading derivatives 140 126 314 2,263 3,672 6 6,521
– designated as at fair value through profit and loss 187 420 1,435 874 3,509   6,425
Investments        
– available-for-sale 6,399 7,522 11,626 76,959 148,254 43,161 293,921
– held-to-maturity 87 154 563 7,683 9,173   17,660
Loans and advances to customers 107,295 13,919 23,795 84,601 241,539 3,288 474,437
Reinsurance contracts 23 60 440 571 2,281 3,154 6,529
Intangible assets    71 143   3,308 3,522
Deferred acquisition costs       10,163 10,163
Other assets 9,365 1,801 10,167 8,309 922 499 31,063
Remaining assets (where maturities are not applicable)(3)           17,348 17,348
Total assets 157,564 29,443 51,030 188,680 414,139 385,451 1,226,307
        
LIABILITIES        
Preference shares       215 215
Subordinated loans       6,014 6,014
Debt securities in issue 17,580 26,946 9,803 13,701 10,103   78,133
Other borrowed funds 2,636 4,475 1,837 9,987 10,704   29,639
Insurance and investment contracts 2,327 3,556 11,677 34,003 103,524 113,596 268,683
Amounts due to banks 90,250 15,094 10,879 4,077 539   120,839
Customer deposits and other funds on deposit 447,824 15,374 16,690 12,197 4,595   496,680
Financial liabilities at fair value through profit and loss        
– trading liabilities(1)       127,975 127,975
– non-trading derivatives 93 95 331 1,786 2,591 38 4,934
– designated as at fair value through profit and loss 617 581 2,081 6,285 4,138   13,702
Other liabilities 8,562 714 5,117 6,300 1,229 16,356 38,278
Total liabilities 569,889 66,835 58,415 88,336 137,423 264,194 1,185,092

(1) Trading assets and trading liabilities have been presented in the above table as maturity not applicable, because they are held for short term profit taking. The majority of items are debt instruments and equity instruments, where the contractual maturity is generally more than 5 years.

(2) Investments for risk of policyholders are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position of ING.

(3) Included in remaining assets where maturities are not applicable are:
– property and equipment
– real estate investments
– investments in associates.

Note: Due to their nature remaining assets consists mainly of assets expected to be recovered after more than 12 months.

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