Investments in joint ventures (Tables)

12 Months Ended

Dec. 31, 2018

Investments accounted for using equity method [abstract]

Schedule of Investments in Joint Ventures

	2018			2017
At January 1		1,712			1,614
Additions		120			81
Disposals		(211	)		-
Share in net income		210			161
Share in changes in joint ventures equity (note 32.6)		8			(15	)
Dividend		(94	)		(118	)
Net exchange difference		4			(17	)
Other		(5	)		7
At December 31		1,745			1,712

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
	2018			2017			2018			2017
Summarized statement of financial position
Cash and cash equivalents		132			109			511			342
Other current assets		157			166			896			721
Total current assets		289			276			1,407			1,063
Non-current assets		3,304			3,173			6,723			6,521
Total assets		3,593			3,449			8,130			7,584
Current financial liabilities excluding trade payables and other provisions		-			-			27			30
Other current liabilities		154			133			590			503
Total current liabilities		154			133			617			533
Non-current financial liabilities excluding trade payables and other provisions		590			643			416			220
Other non-current liabilities		-			-			6,040			5,871
Total non-current financial liabilities		590			643			6,456			6,091
Total liabilities		745			776			7,073			6,624
Net assets		2,848			2,673			1,057			960
Summarized statement of comprehensive income
Revenue		89			91			1,599			1,420
Results from financial transactions		349			275			(1	)		(1	)
Depreciation and amortization		-			-			(14	)		(20	)
Interest income		-			-			51			186
Interest expense		(6	)		(5	)		(4	)		(3	)
Profit or loss		438			357			226			160
Income tax (expense) or income		(6	)		(1	)		(82	)		(74	)
Post-tax profit or (loss)		432			357			144			86
Other comprehensive income		-			-			12			(32	)
Total comprehensive income		432			357			156			54
Dividends received		24			49			70			69

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
	2018		2017		2018		2017
Net assets of joint venture as presented above		2,848		2,673		1,057		960
Net assets of joint venture excluding goodwill		2,848		2,673		681		587
Group share of net assets of joint venture, excluding goodwill		1,001		1,008		352		312
Goodwill on acquisition		-		-		376		373
Carrying amount		1,001		1,008		728		685

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
	2018		2017		2018		2017
Post-tax profit or loss		144		126		66		35
Other comprehensive income		-		-		5		(14	)
Total comprehensive income		144		126		71		20