Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 44

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 44
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airments                                             |     |       |              |     |   -35 |                  |
| Exchange rate differences                               |     |   -91 |              |     |    87 |                  |
| Closing balance                                         |     | 1,536 |              |     | 1,679 |                  |

ING Group Condensed consolidated interim financial information on form 6-K for the six month period ended 30 June 2025 - Unaudited 38

| Contents |     | Interim Report |     | Risk management |     | Condensed consolidated interim financial statements |     | Notes to the Condensed consolidated interim financial statements |     | Additional notes to the Condensed consolidated interim financial statements |     | Other information |

Share of results from associates and joint ventures of EUR 85million (31 December 2024: EUR 205million) as included in the table above is mainly attributable to our share in the results of TTB of EUR 65million (31 December 2024: EUR 123million). Impairments and reversal thereof on the investment in TTB Accumulated impairments on the investment in TTB of EUR 395million (31 December 2024: EUR 395million) were recognised in previous years. There is no impairment trigger observed as per 30 June 2025. A Value in Use ('VIU') was estimated following the prolonged increase of the quoted TTB share price over the original cost price of the investment and the sustained improved broker consensus outlook. VIU was estimated to be close to the carrying amount of the investment in TTB and differed only by an insignificant amount. Consequently, no reversal of impairment was recognised. Methodology The recoverable amount is determined as the higher of the fair value less costs of disposal and VIU. Fair value less costs of disposal is based on observable share price. The VIU calculation uses discounted cash flow projections based on management’s best estimates. VIU is derived using a Dividend Discount Model (DDM) where distributable equity, i.e. future earnings available to ordinary shareholders, is used as a proxy for future cash flows. The valuation looks at expected cash flows into perpetuity resulting in two main components to the VIU calculation: • The estimation of future earnings over a 5-year forecast period; and • the terminal value being the extrapolation of earnings into perpetuity applying a long-term growth rate. The earnings that are used for extrapolation represent the stable long-term financial results and position of TTB, i.e. a steady