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Investments in joint ventures and associates (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments accounted for using equity method [abstract] |
Summary of Investments In Associates Subsidaries And Joint Venture |
|  | Joint ventures |  |  | Associates |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
At January 1 |  |  | 1,745 |  |  |  | 1,712 |  |  |  | 327 |  |  |  | 308 |
Additions |  |  | 151 |  |  |  | 120 |  |  |  | 39 |  |  |  | 23 |
Disposals |  |  | (1 | ) |  |  | (211 | ) |  |  | - |  |  |  | (1 | )
Share in net income |  |  | 214 |  |  |  | 210 |  |  |  | 12 |  |  |  | 6 |
Share in changes in equity (note 30.6) |  |  | 8 |  |  |  | 8 |  |  |  | 4 |  |  |  | 2 |
Impairment losses |  |  | - |  |  |  | - |  |  |  | (7 | ) |  |  | (1 | )
Dividends |  |  | (120 | ) |  |  | (94 | ) |  |  | (10 | ) |  |  | (3 | )
Net exchange difference |  |  | 2 |  |  |  | 4 |  |  |  | (1 | ) |  |  | (8 | )
Other |  |  | (16 | ) |  |  | (5 | ) |  |  | - |  |  |  | - |
At December 31 |  |  | 1,983 |  |  |  | 1,745 |  |  |  | 363 |  |  |  | 327 |
Summary of Financial Information of Joint Ventures | The summarized financial information presented in the following table presents the joint ventures on a 100% basis. Aegon considers its investment in AMVEST Vastgoed B.V. (AMVEST) a material joint venture and is therefore presented separately.
|  |  | AMVEST |  |  |  | Other Joint ventures |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Summarized statement of financial position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 124 |  |  |  | 132 |  |  |  | 525 |  |  |  | 511 |
Other current assets |  |  | 42 |  |  |  | 157 |  |  |  | 1,261 |  |  |  | 896 |
Total current assets |  |  | 166 |  |  |  | 289 |  |  |  | 1,786 |  |  |  | 1,407 |
Non-current assets |  |  | 4,319 |  |  |  | 3,304 |  |  |  | 7,451 |  |  |  | 6,723 |
Total assets |  |  | 4,486 |  |  |  | 3,593 |  |  |  | 9,236 |  |  |  | 8,130 |
Current financial liabilities excluding trade payables and other provisions |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 27 |
Other current liabilities |  |  | 175 |  |  |  | 154 |  |  |  | 661 |  |  |  | 590 |
Total current liabilities |  |  | 175 |  |  |  | 154 |  |  |  | 678 |  |  |  | 617 |
Non-current financial liabilities excluding trade payables and other provisions |  |  | 709 |  |  |  | 590 |  |  |  | 439 |  |  |  | 416 |
Other non-current liabilities |  |  | - |  |  |  | - |  |  |  | 6,883 |  |  |  | 6,040 |
Total non-current financial liabilities |  |  | 709 |  |  |  | 590 |  |  |  | 7,321 |  |  |  | 6,456 |
Total liabilities |  |  | 884 |  |  |  | 745 |  |  |  | 8,000 |  |  |  | 7,073 |
Net assets |  |  | 3,602 |  |  |  | 2,848 |  |  |  | 1,237 |  |  |  | 1,057 |
Summarized statement of comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  | 111 |  |  |  | 89 |  |  |  | 1,846 |  |  |  | 1,599 |
Results from financial transactions |  |  | 299 |  |  |  | 349 |  |  |  | 1 |  |  |  | (1 | )
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | (12 | ) |  |  | (14 | )
Interest income |  |  | - |  |  |  | - |  |  |  | 56 |  |  |  | 51 |
Interest expense |  |  | (8 | ) |  |  | (6 | ) |  |  | (4 | ) |  |  | (4 | )
Profit or loss |  |  | 406 |  |  |  | 438 |  |  |  | 244 |  |  |  | 226 |
Income tax (expense) or income |  |  | (9 | ) |  |  | (6 | ) |  |  | (62 | ) |  |  | (82 | )
Post-tax profit or (loss) |  |  | 398 |  |  |  | 432 |  |  |  | 183 |  |  |  | 144 |
Other comprehensive income |  |  | - |  |  |  | - |  |  |  | 13 |  |  |  | 12 |
Total comprehensive income |  |  | 398 |  |  |  | 432 |  |  |  | 196 |  |  |  | 156 |
Dividends received |  |  | 55 |  |  |  | 24 |  |  |  | 64 |  |  |  | 70 |
Summary of Overview of Summarized Financial Information to Carrying Amount of Joint Ventures | An overview of the summarized financial information of the carrying amount of the joint ventures is as follows:
|  |  | AMVEST |  |  |  | Other Joint ventures |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Net assets of joint venture as presented above |  |  | 3,602 |  |  |  | 2,848 |  |  |  | 1,237 |  |  |  | 1,057 |
Net assets of joint venture excluding goodwill |  |  | 3,602 |  |  |  | 2,848 |  |  |  | 857 |  |  |  | 681 |
Group share of net assets of joint venture, excluding goodwill |  |  | 1,159 |  |  |  | 1,001 |  |  |  | 445 |  |  |  | 352 |
Goodwill on acquisition |  |  | - |  |  |  | - |  |  |  | 380 |  |  |  | 376 |
Carrying amount |  |  | 1,159 |  |  |  | 1,001 |  |  |  | 824 |  |  |  | 728 |
Summary of Reconciliation of Summarized Financial Information to Carrying Amount of Joint Ventures | The following table includes the summarized financial information of the joint ventures based on the Group’s relative holding.
|  |  | AMVEST |  |  |  | Other Joint ventures |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Post-tax profit or loss |  |  | 125 |  |  |  | 144 |  |  |  | 88 |  |  |  | 66 |
Other comprehensive income |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 5 |
Total comprehensive income |  |  | 125 |  |  |  | 144 |  |  |  | 95 |  |  |  | 71 |
Schedule Of Financial Information Of Associates |
|  |  | 2019 |  |  |  | 2018 |
Post-tax profit or loss |  |  | 7 |  |  |  | 6 |
Other comprehensive income |  |  | (7 | ) |  |  | 2 |
Total comprehensive income |  |  | - |  |  |  | 9 |
Carrying amount |  |  | 350 |  |  |  | 327 |

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