XML 392 R96.htm IDEA: XBRL DOCUMENT

Investments in joint ventures and associates (Tables)

12 Months Ended

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