Deferred expenses

12 Months Ended

Dec. 31, 2018

Subclassifications of assets, liabilities and equities [abstract]

Deferred expenses

29 Deferred expenses

				2018						2017
DPAC for insurance contracts and investment contracts with discretionary participation features					10,457						9,688
Deferred cost of reinsurance					23						41
Deferred transaction costs for investment management services					431						406
At December 31					10,910						10,135
Current					957						838
Non-current					9,953						9,297
	DPAC			Deferred costs of reinsurance			Deferred transaction costs
At January 1, 2018		9,688			41			406
Costs deferred during the year		802			-			29
Amortization through income statement		(914	)		(19	)		(23	)
Shadow accounting adjustments		455			-			-
Impairments		-			-			-
Net exchange differences		433			1			18
Transfers to disposal groups		-			-			-
Other		(7	)		-			-
At December 31, 2018		10,457			23			431
	DPAC			Deferred costs of reinsurance			Deferred transaction costs
At January 1, 2017		10,882			60			481
Costs deferred during the year		938			-			41
Amortization through income statement		(770	)		(13	)		(29	)
Shadow accounting adjustments		(216	)		-			-
Impairments		-			-			(36	)
Net exchange differences		(1,227	)		(7	)		(52	)
Transfers to disposal groups		(6	)		-			-
Other		88			-			-
At December 31, 2017		9,688			41			406
Deferred expenses are predominantly impacted by regular amortizations, adjustments for differences between projections versus realizations of deferral schemes and changes in foreign exchange rates.