Consolidated balance sheet

as at December 31


Amounts in EUR million	Note	2009	2008
Assets
Intangible assets	6	4,609	5,425
Investments	7	134,205	130,481
Investments for account of policyholders	8	125,845	105,400
Derivatives 1	9	4,917	9,839
Investments in associates	10	696	595
Reinsurance assets	11	5,110	5,013
Defined benefit assets	26	356	448
Deferred tax assets	28	278	1,447
Deferred expenses and rebates	12	11,481	12,794
Other assets and receivables	13	6,823	7,376
Cash and cash equivalents	14	4,314	10,223
Total assets		298,634	289,041

EQUITY AND LIABILITIES
Shareholders’ equity	15	12,164	6,055
Convertible core capital securities	16	2,000	3,000
Other equity instruments	17	4,709	4,699
Issued capital and reserves attributable to equity holders of AEGON N.V.		18,873	13,754
Minority interest		10	6
Group equity		18,883	13,760

Trust pass-through securities	18	130	161
Subordinated borrowings	19	–	41
Insurance contracts	20	93,790	97,377
Insurance contracts for account of policyholders	21	69,760	60,808
Investment contracts	22	27,932	36,231
Investment contracts for account of policyholders	23	57,421	45,614
Derivatives 1	9	5,716	7,871
Borrowings	24	7,485	5,339
Provisions	25	421	495
Defined benefit liabilities	26	2,104	2,080
Deferred revenue liabilities	27	69	42
Deferred tax liabilities	28	817	424
Other liabilities	29	13,714	18,237
Accruals	30	392	561
Total liabilities		279,751	275,281

Total equity and liabilities		298,634	289,041
2008 balances have been reclassified for comparative purposes.