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Other assets and receivables | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Other assets and receivables | 28 Other assets and receivables
|  | Note |  |  | 2019 |  |  | 2018 |
Real estate held for own use and equipment |  |  | 28.1 |  |  |  | 489 |  |  |  | 498 |
Receivables |  |  | 28.2 |  |  |  | 6,655 |  |  |  | 6,019 |
Accrued income |  |  | 28.3 |  |  |  | 1,442 |  |  |  | 1,436 |
Right-of-use assets |  |  | 28.4 |  |  |  | 255 |  |  |  | - |
At December 31 |  |  |  |  |  |  | 8,841 |  |  |  | 7,954 |
28.1 Real estate held for own use and equipment
Net book value |  | General account real estate held for own use |  |  | Equipment |  |  | Total |
At January 1, 2018 |  |  | 307 |  |  |  | 223 |  |  |  | 530 |
At December 31, 2018 |  |  | 263 |  |  |  | 235 |  |  |  | 498 |
At December 31, 2019 |  |  | 208 |  |  |  | 281 |  |  |  | 489 |
Cost |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2019 |  |  | 363 |  |  |  | 538 |  |  |  | 901 |
Additions |  |  | - |  |  |  | 105 |  |  |  | 106 |
Capitalized subsequent expenditure |  |  | (4 | ) |  |  | - |  |  |  | (4 | )
Disposals |  |  | (94 | ) |  |  | (24 | ) |  |  | (118 | )
Unrealized gains/(losses) through equity |  |  | (4 | ) |  |  | - |  |  |  | (4 | )
Realized gains/(losses) through income statement |  |  | 10 |  |  |  | - |  |  |  | 10 |
Net exchange differences |  |  | 4 |  |  |  | 9 |  |  |  | 13 |
Other |  |  | - |  |  |  | (5 | ) |  |  | (5 | )
At December 31, 2019 |  |  | 276 |  |  |  | 624 |  |  |  | 900 |
Accumulated depreciation and impairment losses |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2019 |  |  | 100 |  |  |  | 303 |  |  |  | 403 |
Depreciation through income statement |  |  | 5 |  |  |  | 60 |  |  |  | 64 |
Disposals |  |  | (32 | ) |  |  | (22 | ) |  |  | (54 | )
Impairment losses reversed |  |  | (6 | ) |  |  | - |  |  |  | (6 | )
Net exchange differences |  |  | 2 |  |  |  | 5 |  |  |  | 7 |
Other |  |  | - |  |  |  | (3 | ) |  |  | (3 | )
At December 31, 2019 |  |  | 68 |  |  |  | 343 |  |  |  | 411 |
Cost |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2018 |  |  | 396 |  |  |  | 488 |  |  |  | 885 |
Additions |  |  | 1 |  |  |  | 63 |  |  |  | 64 |
Acquired through business combinations |  |  | - |  |  |  | 1 |  |  |  | 1 |
Capitalized subsequent expenditure |  |  | 18 |  |  |  | - |  |  |  | 18 |
Disposals |  |  | (26 | ) |  |  | (26 | ) |  |  | (52 | )
Unrealized gains/(losses) through equity |  |  | (32 | ) |  |  | - |  |  |  | (32 | )
Transfer to investments in real estate |  |  | (1 | ) |  |  | - |  |  |  | (1 | )
Realized gains/(losses) through income statement |  |  | (4 | ) |  |  | - |  |  |  | (4 | )
Net exchange differences |  |  | 11 |  |  |  | 12 |  |  |  | 23 |
At December 31, 2018 |  |  | 363 |  |  |  | 538 |  |  |  | 901 |
Accumulated depreciation and impairment losses |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2018 |  |  | 90 |  |  |  | 265 |  |  |  | 355 |
Depreciation through income statement |  |  | 4 |  |  |  | 54 |  |  |  | 58 |
Disposals |  |  | (16 | ) |  |  | (22 | ) |  |  | (38 | )
Impairment losses |  |  | 18 |  |  |  | - |  |  |  | 18 |
Transfer to investments in real estate |  |  | (1 | ) |  |  | - |  |  |  | (1 | )
Net exchange differences |  |  | 4 |  |  |  | 5 |  |  |  | 9 |
At December 31, 2018 |  |  | 100 |  |  |  | 303 |  |  |  | 403 |
General account real estate held for own use are mainly held by Aegon Americas and Aegon the Netherlands, with relatively smaller holdings at Aegon Hungary and Aegon Spain. The carrying value under a historical cost model amounted to EUR 231 million (2018: EUR 301 million). 51% of the value of the general account real estate held for own use was last revalued in 2019 (2018: 57%), based on market value appraisals by qualified internal and external appraisers. 99% of the appraisals in 2019 were performed by independent external appraisers (2018: 99%). General account real estate held for own use has not been pledged as security for liabilities, nor are there any restrictions on title. Depreciation expenses are recorded in Commissions and expenses in the income statement. The useful lives of buildings range between 40 and 50 years. None of the equipment is held for lease (2018: none). Equipment has not been pledged as security for liabilities, nor are there any restrictions on title. Depreciation expenses have been recorded in Commissions and expenses in the income statement. Equipment is generally depreciated over a period of three to five years.
28.2 Receivables
|  | 2019 |  |  | 2018 |
Loans to associates |  |  | 16 |  |  |  | 12 |
Loans to joint ventures |  |  | - |  |  |  | 18 |
Receivables from policyholders |  |  | 945 |  |  |  | 969 |
Receivables from brokers and agents |  |  | 288 |  |  |  | 396 |
Receivables from reinsurers |  |  | 777 |  |  |  | 1,129 |
Cash outstanding from assets sold |  |  | 320 |  |  |  | 116 |
Trade receivables |  |  | 1,484 |  |  |  | 1,321 |
Cash collateral |  |  | 1,383 |  |  |  | 616 |
Reverse repurchase agreements |  |  | 76 |  |  |  | - |
Income tax receivable |  |  | 102 |  |  |  | 102 |
Other |  |  | 1,300 |  |  |  | 1,382 |
Provision for doubtful debts |  |  | (34) |  |  |  | (41) |
At December 31 |  |  | 6,655 |  |  |  | 6,019 |
Current |  |  | 6,611 |  |  |  | 5,989 |
Non-current |  |  | 43 |  |  |  | 30 |
With the exception of receivables from reinsurers, the receivables balances presented above are mostly not externally rated. The movements in the provision for doubtful debts during the year were as follows:
|  | 2019 |  |  | 2018 |
At January 1 |  |  | (41) |  |  |  | (48) |
Additions charged to earnings |  |  | (9) |  |  |  | (7) |
Unused amounts reversed through the income statement |  |  | 8 |  |  |  | 4 |
Disposal of business |  |  | 4 |  |  |  | - |
Used during the year |  |  | 5 |  |  |  | 10 |
At December 31 |  |  | (34 | ) |  |  | (41 | )
28.3 Accrued income
|  | 2019 |  |  | 2018 |
Accrued interest |  |  | 1,436 |  |  |  | 1,415 |
Other |  |  | 6 |  |  |  | 21 |
At December 31 |  |  | 1,442 |  |  |  | 1,436 |
Of accrued income EUR 1,442 million is current (2018: EUR 1,421 million). 28.4 Right-of-use assets
Net book value |  | Real estate for own use |  |  | Equipment |  |  | Other |  |  | Total |
At December 31, 2019 |  |  | 227 |  |  |  | 25 |  |  |  | 3 |  |  |  | 255 |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2019 |  |  | 213 |  |  |  | 18 |  |  |  | 5 |  |  |  | 235 |
Additions |  |  | 40 |  |  |  | 19 |  |  |  | 1 |  |  |  | 59 |
Modification of lease contracts |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 3 |
Net exchange differences |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | 8 |
At December 31, 2019 |  |  | 262 |  |  |  | 37 |  |  |  | 5 |  |  |  | 305 |
Accumulated depreciation and impairment losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2019 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Depreciation through income statement |  |  | 35 |  |  |  | 13 |  |  |  | 2 |  |  |  | 50 |
At December 31, 2019 |  |  | 36 |  |  |  | 13 |  |  |  | 2 |  |  |  | 50 |
Right-of-use assets are mainly held by Aegon UK and Aegon Americas and they are mainly office buildings held for own use. For information on the Lease liabilities and respective maturity analysis, please refer to note 41 Other liabilities and note 4 Financial risks, respectively.

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