Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 40

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 40
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,268 |      |     | -1,871 |                      |
| Effect of adjustment after tax                                              |     |  3,175 |      |     |  4,542 |                      |
| In accordance with IFRS-IASB Shareholders’ equity                           |     | 52,290 |      |     | 54,689 |                      |

1.3 Changes to accounting policies and presentation ING Group has consistently applied its accounting policies to all periods presented in these Condensed consolidated interim financial statements.

During the six month period ended 30 June 2025, ING Group has revised the presentation in Note 15 'Other Operating Expenses', to enhance its relevance and improve comparability. Consequently, comparative figures for 2024 have been updated accordingly. 1.3.1 Changes in IFRS effective in 2025 The following amendments to IFRS became effective in the current reporting period with no significant impact for ING Group: • Amendments to IAS 21 'The Effects of Changes in Foreign Exchange Rates': Lack of Exchangeability (issued in August 2023). Amendments provide guidance on determining exchange rates when a currency lacks exchangeability, including estimation methods and disclosure requirements. 1.3.2 Upcoming changes in IFRS after 2025 ING Group has not early adopted any of the following Standards, interpretations or amendments that have been issued but are not yet effective. Effective in 2026: • Amendments to IFRS 9 'Financial Instruments' and IFRS 7 'Financial Instruments: Disclosure': Classification and Measurement of Financial Instruments (issued in May 2024). Amendments clarify recognition and derecognition dates for certain financial assets and liabilities (introducing an exception for financial liabilities settled through electronic payment systems); provide further guidance on assessing contractual cash flow characteristics of financial assets including ESG and similar features, non-recourse features and contractually-linked instruments; introduce disclosures for financial instruments with contingent features that could change the amount of contractual cash flows and update disclosure requirements for equity instruments at FVOCI. • Amendments to IFRS 9 'Financial Instruments' and IFRS 7 'Financial Instruments: Disclosure': Contracts Referencing Nature-dependent Electricity (issued in December 2024). Amendments clarify accounting for renewable electricity contracts, including own-use and hedge accounting and related disclosures. • Annual Improvements to IFRS Accounting Standards: Volume 11 (issued in July 2024). Amendments include minor clarifications and corrections across a number of Standards to improve