Condensed financial information of registrant

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed financial information of registrant

Schedule II

Condensed financial information of registrant

Statement of financial position of Aegon N.V.

As at December 31

Before profit appropriation, amounts in EUR million	2019			2018
Non-current assets
Financial fixed assets
Shares in group companies		25,045			22,143
Loans to group companies		1,337			2,487
		26,382			24,630
Current assets
Receivables
Receivables from group companies		112			35
Other receivables		175			137
Other current assets		124			137
Accrued interest and rent		13			16
		424			325
Cash and cash equivalents
Cash and cash equivalents		1,032			1,231
Total assets		27,838			26,186
Shareholders’ equity
Share capital		323			322
Paid-in surplus		7,213			7,486
Revaluation account		6,116			3,540
Legal reserves – foreign currency translation reserve		426			130
Legal reserves in respect of group companies		1,703			1,326
Retained earnings, including treasury shares		7,227			7,536
Remeasurement of defined benefit plans of group companies		(2,397	)		(1,850	)
Net income / (loss)		1,239			710
		21,850			19,200
Other equity instruments		2,571			3,320
Total equity		24,421			22,520
Provisions
Deferred tax liability		-			10
		-			10
Non-current liabilities
Subordinated borrowings		1,403			1,389
Long-term borrowings		1,257			1,292
		2,660			2,681
Current liabilities
Short term deposits		-			82
Loans from group companies		6			9
Payables to group companies		484			582
Other current liabilities		236			271
Accruals and deferred income		31			31
		757			975
Total liabilities		3,417			3,666
Total equity and liabilities		27,838			26,186

Condensed income statement of Aegon N.V.

For the year ended December 31

Amounts in EUR million	2019			2018			2017
Net income / (loss) group companies		1,379			832			2,511
Other income / (loss)		(141	)		(122	)		(42	)
Net income / (loss)		1,239			710			2,469

Condensed cash flow statement of Aegon N.V.

For the year ended December 31

Amounts in EUR million	2019			2018			2017
Income / (loss) before tax		1,199			708			2,468
Adjustments		(1,529	)		(291	)		(3,676	)
Net cash flows from operating activities		(330	)		418			(1,208	)
Dividends and capital repayments of subsidiaries, associates and joint ventures		647			824			700
Other		(1	)		(1	)		(1	)
Net cash flows from investing activities		646			822			700
Issuance of perpetuals		497			-			-
Issuance of treasury shares		1			-			2
Purchase of treasury shares		(318	)		(248	)		(266	)
Issuance and repurchase of borrowings		1,074			294			1,429
Repayment of perpetuals		(1,343	)		(200	)		-
Repayment of non-cumulative subordinated note		-			(443	)		-
Dividends paid		(309	)		(328	)		(294	)
Coupons on perpetual securities		(112	)		(136	)		(138	)
Coupons on non-cumulative subordinated notes		-			(14	)		(37	)
Net cash flows from financing activities		(512	)		(1,076	)		696
Net increase / (decrease) in cash and cash equivalents		(196	)		165			188

Five-year schedule of maturities of debt

As at December 31

	2019				2018
Amounts in million EUR	Subordinated borrowings		Long-term         Borrowings		Subordinated borrowings		Long-term         Borrowings
Remaining terms less than 1 year		-		-		-		78
Remaining terms 1 - 2 years		-		-		-		-
Remaining terms 2 - 3 years		-		-		-		-
Remaining terms 3 - 4 years		-		497		-		-
Remaining terms 4 - 5 years		-		-		-		496
Remaining terms longer than 5 years		1,403		760		1,389		717
At December 31		1,403		1,257		1,389		1,292

Dividends from and capital contributions to business units

Aegon received EUR 1.2 billion of dividends from its business units during 2019 from the Americas, United Kingdom, asset management, Southern & Eastern Europe and Asia. Aegon spent EUR 0.4 billion on capital contributions, mainly on Spain and the Netherlands.

Aegon received EUR 1.4 billion of dividends from its business units during 2018, mainly from Americas, the Netherlands, United Kingdom, Asset Management and Southern & Eastern Europe. Aegon spent EUR 0.1 billion on capital contributions.

Aegon received EUR 1.8 billion of dividends from its business units during 2017, mainly from Americas, United Kingdom, Asset Management and Southern & Eastern Europe. Capital contributions of EUR 1.1 billion were paid to Aegon’s businesses, mainly to the Netherlands.