ING GROEP NV
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 6, 2025
Contents
Consolidated statement of changes in equity
| Contents | Part I | Part II | Part III | Additional information | Financial statements |
|---|
Consolidated statement of changes in equity
| in EUR million | Share capital and share premium | Other reserves | Retained earnings | Shareholders' equity (parent) | Non-controlling interests | Total equity |
|---|---|---|---|---|---|---|
| Balance as at 31 December 2023 | 17,151 | -2,767 | 40,299 | 54,684 | 944 | 55,628 |
| Net result | 125 | 5,209 | 5,334 | 258 | 5,592 | |
| Other comprehensive income | 1,311 | 1,311 | 46 | 1,357 | ||
| Total comprehensive income net of tax | 1,436 | 5,209 | 6,645 | 303 | 6,948 | |
| Dividends and other cash distributions 29 | -4,124 | -4,124 | -253 | -4,377 | ||
| Share buyback programmes, commitment | -4,500 | -4,500 | -4,500 | |||
| Share buyback programmes, repurchases of shares | -3,817 | 3,774 | -43 | -43 | ||
| Share buyback programmes, cancellation of shares | -4 | 5,000 | -4,996 | |||
| Employee share-based compensation plans | 43 | 1 | 45 | 0 | 45 | |
| Other changes in treasury shares | 2 | 2 | 2 | |||
| Transfers | -585 | 585 | ||||
| Other changes | -5 | -5 | 0 | -5 | ||
| Balance as at 31 December 2024 | 17,148 | -687 | 36,243 | 52,703 | 995 | 53,698 |
In 2024, ING Group updated the presentation of the Consolidated statement of changes in equity to simplify its structure and reduce duplication. Comparative figures have been updated accordingly.
References relate to the accompanying notes. These are an integral part of the Consolidated financial statements. Changes in individual Reserve components are presented in Note 19 'Equity'.
ING Group Annual Report 2024 on Form 20-FF - 224
| Contents | Part I | Part II | Part III | Additional information | Financial statements |
|---|
Consolidated statement of changes in equity - continued
| in EUR million | Share capital and share premium | Other reserves | Retained earnings | Shareholders' equity (parent) | Non-controlling interests | Total equity |
|---|---|---|---|---|---|---|
| Balance as at 31 December 2022 | 17,154 | -2,192 | 41,538 | 56,500 | 504 | 57,004 |
| Impact of changes in accounting policies 1 | -45 | -45 | -1 | -46 | ||
| Balance as at 1 January 2023 | 17,154 | -2,192 | 41,493 | 56,455 | 503 | 56,959 |
| Net result | 336 | 3,804 | 4,140 | 235 | 4,374 | |
| Other comprehensive income | 776 | 776 | 209 | 985 | ||
| Total comprehensive income net of tax | 1,112 | 3,804 | 4,916 | 444 | 5,360 | |
| Dividends 29 | -2,668 | -2,668 | -3 | -2,671 | ||
| Share buyback programmes, commitment | -4,000 | -4,000 | -4,000 | |||
| Share buyback programmes, repurchases of shares | -3,524 | 3,482 | -42 | -42 | ||
| Share buyback programmes, cancellation of shares | -2 | 2,701 | -2,699 | |||
| Employee share-based compensation plans | 0 | 41 | -7 | 34 | 34 | |
| Other changes in treasury shares | -7 | -7 | -7 | |||
| Transfers | -899 | 899 | ||||
| Other changes | -5 | -5 | -5 | |||
| Balance as at 31 December 2023 | 17,151 | -2,767 | 40,299 | 54,684 | 944 | 55,628 |
1 Changes in policy following the adoption of IFRS 17 and change in policy for non-financial guarantees.
References relate to the accompanying notes. These are an integral part of the Consolidated financial statements. Changes in individual Reserve components are presented in Note 19 'Equity'.
ING Group Annual Report 2024 on Form 20-FF - 225
| Contents | Part I | Part II | Part III | Additional information | Financial statements |
|---|
Consolidated statement of changes in equity - continued
| in EUR million | Share capital and share premium | Other reserves | Retained earnings | Shareholders' equity (parent) | Non-controlling interests | Total equity |
|---|---|---|---|---|---|---|
| Balance as at 31 December 2021 | 17,144 | -540 | 35,462 | 52,066 | 736 | 52,802 |
| Impact of IAS 29 on opening balance | 627 | -563 | 64 | 64 | ||
| Balance as at 1 January 2022 | 17,144 | 87 | 34,899 | 52,130 | 736 | 52,866 |
| Net result | 161 | 11,965 | 12,126 | 102 | 12,228 | |
| Other comprehensive income | -2,855 | -2,855 | -292 | -3,147 | ||
| Total comprehensive income net of tax | -2,694 | 11,965 | 9,271 | -190 | 9,081 | |
| Dividends and other cash distributions 29 | -3,349 | -3,349 | -41 | -3,390 | ||
| Share buyback programmes, commitment | -1,583 | -1,583 | -1,583 | |||
| Share buyback programmes, repurchases of shares | -1,721 | 1,721 | ||||
| Share buyback programmes, cancellation of shares | -2 | 2,124 | -2,123 | |||
| Employee share-based compensation plans | 12 | 15 | 27 | 0 | 27 | |
| Other changes in treasury shares | 4 | 4 | 4 | |||
| Transfers | 8 | -8 | ||||
| Other changes | 1 | 1 | 0 | 0 | ||
| Balance as at 31 December 2022 | 17,154 | -2,192 | 41,538 | 56,500 | 504 | 57,004 |
References relate to the accompanying notes. These are an integral part of the Consolidated financial statement. Changes in individual Reserve components are presented in Note 19 'Equity'.
ING Group Annual Report 2024 on Form 20-FF - 226
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.