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Consolidated statement of changes in equity of Aegon N.V. - EUR (€)
€ in Millions
Total
Share capital [member]
Retained earnings [member]
Revaluation reserves [member]
Remeasurement of defined benefit plans [member]
Other reserves [member]
Other equity instruments [member]
Issued capital and reserves [member]
[2]
Non-controlling interests [member]
Beginning balance (Restated [member]) at Dec. 31, 2016 € 24,249 [1] € 8,193 [1] € 7,419 [1] € 5,289 [1] € (1,820) [1] € 1,347 [1] € 3,797 [1] € 24,226 € 23 [1]
Beginning balance at Dec. 31, 2016 24,341 8,193 7,419 5,381 (1,820) 1,347 3,797 24,318 23
Mandatory change in accounting policy (92)     (92)       (92)  
Net income/(loss) 2,469 [1]   2,469         2,469  
Items that will not be reclassified to profit or loss:                  
Changes in revaluation reserve real estate held for own use 8 [1]     8       8  
Remeasurements of defined benefit plans 224 [1]       224     224  
Income tax relating to items that will not be reclassified (166) [1]     9 (175)     (166)  
Items that may be reclassified subsequently to profit or loss:                  
Gains / (losses) on revaluation of available-for-sale investments 1,376 [1]     1,376       1,376  
(Gains) / losses transferred to income statement on disposal and impairment of available-for-sale investments (1,330) [1]     (1,330)       (1,330)  
Changes in cash flow hedging reserve (853) [1]     (853)       (853)  
Movements in foreign currency translation and net foreign investment hedging reserves (2,149) [1]     (452) 102 (1,800)   (2,149)  
Equity movements of joint ventures (15) [1]         (15)   (15)  
Equity movements of associates (5) [1]         (5)   (5)  
Disposal of group assets 7 [1]         7   7  
Income tax relating to items that may be reclassified 927 [1]     851   76   927  
Other 9 [1]   13         13 (3)
Total other comprehensive income / (loss) (1,968) [1]   13 (391) 151 (1,737)   (1,965) (3)
Total comprehensive income/(loss) 501 [1]   2,482 (391) 151 (1,737)   505 (3)
Shares issued 3 3           3  
Issuance and purchase of treasury shares (105)   (105)         (105)  
Dividends paid on common shares (439) (142) (296)         (439)  
Dividend withholding tax reduction 2   2         2  
Coupons on perpetual securities (103)   (103)         (103)  
Coupons on non-cumulative subordinated notes (28)   (28)         (28)  
Incentive plans (1)   4       (4) (1)  
Ending balance at Dec. 31, 2017 [1] 24,079 8,053 9,374 4,898 (1,669) (390) 3,794 24,059 20
Net income/(loss) 711 [1]   710         710 1
Items that will not be reclassified to profit or loss:                  
Changes in revaluation reserve real estate held for own use (32) [1]     (32)       (32)  
Remeasurements of defined benefit plans (134) [1]       (134)     (134)  
Income tax relating to items that will not be reclassified (8) [1]     7 (15)     (8)  
Items that may be reclassified subsequently to profit or loss:                  
Gains / (losses) on revaluation of available-for-sale investments (2,142) [1]     (2,142)       (2,142)  
(Gains) / losses transferred to income statement on disposal and impairment of available-for-sale investments 66 [1]     66       66  
Changes in cash flow hedging reserve 5 [1]     5       5  
Movements in foreign currency translation and net foreign investment hedging reserves 602 [1]     119 (32) 515   602  
Equity movements of joint ventures 9 [1]         9   9  
Equity movements of associates (1) [1]         (1)   (1)  
Disposal of group assets 36 [1]         36   36  
Income tax relating to items that may be reclassified 494 [1]     514   (20)   494  
Other (2) [1]   (3)         (3) 1
Total other comprehensive income / (loss) (1,107) [1]   (3) (1,462) (182) 539   (1,108) 1
Total comprehensive income/(loss) (396) [1]   707 (1,462) (182) 539   (398) 2
Issuance and purchase of treasury shares 14   14         14  
Issuance and redemption of other equity instruments (468)   2       (471) (468)  
Dividends paid on common shares (573) (244) (329)         (573)  
Dividend withholding tax reduction 1   1         1  
Coupons on perpetual securities (102)   (102)         (102)  
Coupons on non-cumulative subordinated notes (11)   (11)         (11)  
Incentive plans (2)           (2) (2)  
Ending balance (Restated [member]) at Dec. 31, 2018 22,498 7,808 9,613 3,436 (1,850) 149 3,320 22,476 22
Ending balance at Dec. 31, 2018 [3] 22,542 7,808 9,657 3,436 (1,850) 149 3,320 22,520 22
Mandatory change in accounting policy (44)   (44)         (44)  
Net income/(loss) 1,239   1,239         1,239  
Items that will not be reclassified to profit or loss:                  
Changes in revaluation reserve real estate held for own use (4)   32 (36)       (4)  
Remeasurements of defined benefit plans (612)       (612)     (612)  
Income tax relating to items that will not be reclassified 92   (7) 8 90     92  
Items that may be reclassified subsequently to profit or loss:                  
Gains / (losses) on revaluation of available-for-sale investments 3,471     3,471       3,471  
(Gains) / losses transferred to income statement on disposal and impairment of available-for-sale investments (412)     (412)       (412)  
Changes in cash flow hedging reserve (8)     (8)       (8)  
Movements in foreign currency translation and net foreign investment hedging reserves 314     37 (25) 302   314  
Equity movements of joint ventures 8         8   8  
Equity movements of associates 4         4   4  
Disposal of group assets (1)         (1)   (1)  
Income tax relating to items that may be reclassified (632)     (627)   (5)   (632)  
Other 13   15         15 (2)
Total other comprehensive income / (loss) 2,232   40 2,433 (547) 307   2,234 (2)
Total comprehensive income/(loss) 3,471   1,279 2,433 (547) 307   3,472 (1)
Shares issued 1 1           1  
Shares withdrawn (30)   (30)         (30)  
Issuance and purchase of treasury shares (825)   (81)       (744) (825)  
Dividends paid on common shares (583) (273) (309)         (583)  
Coupons on perpetual securities (88)   (88)         (88)  
Coupons on non-cumulative subordinated notes                
Incentive plans (3)   2       (5) (3)  
Ending balance at Dec. 31, 2019 € 24,441 € 7,536 € 10,386 € 5,868 € (2,397) € 456 € 2,571 € 24,421 € 20
[1] Amounts have been restated to reflect voluntary changes in accounting policies related to liability adequacy testing that was adopted by Aegon effective January 1, 2019. Refer to note 2.1.2 Voluntary changes in accounting policies for details about this change.
[2] Issued capital and reserves attributable to owners of Aegon N.V.
[3] See note 2.1.1 for details about the impact of adopting IFRS 16 on Leases and note 2.1.2 for details about the impact of voluntary change in accounting policy on Liability Adequacy Testing