Investments in joint ventures and associates (Tables)

12 Months Ended

Dec. 31, 2022

Investments accounted for using equity method [abstract]

Summary of Investments In Associates Subsidaries And Joint Venture

	Joint ventures						Associates
	2022			2021			2022			2021
At January 1		1,743			1,376			1,289			1,264
Additions		30			61			40			12
Disposals		(67	)		-			(8	)		-
Share in net result		286			265			4			112
Share in changes in equity (note 30.6)		(63	)		25			3			(6	)
Impairment reversals / (charges)		-			-			(9	)		3
Dividends		(79	)		(88	)		(58	)		(39	)
Net exchange difference		(25	)		45			(1	)		2
Transfer to / (from) other headings		-			58			-			(58	)
Transfer to disposal groups		(382	)		-			(1,096	)		-
At December 31		1,443			1,743			165			1,289

Summary of Financial Information of Joint Ventures

	Santander Spain Life						AIFMC						Other Joint ventures
	2022			2021			2022			2021			2022			2021
Summarized statement of financial position
Cash and cash equivalents		23			20			392			351			99			157
Other current assets		155			130			836			810			725			697
Total current assets		178			150			1,229			1,161			824			854
Non-current assets		1,109			1,134			200			204			5,349			5,574
Total assets		1,287			1,284			1,429			1,364			6,173			6,428
Current financial liabilities excluding trade payables and other provisions		-			-			-			-			-			7
Other current liabilities		148			126			526			613			543			501
Total current liabilities		148			126			526			613			544			509
Non-current financial liabilities excluding trade payables and other provisions		-			-			-			-			67			183
Other non-current liabilities		504			510			-			-			4,447			3,921
Total non-current financial liabilities		504			510			-			-			4,515			4,104
Total liabilities		652			636			526			613			5,059			4,613
Net assets		635			648			903			752			1,114			1,816
Summarized statement of comprehensive income
Revenue		288			247			644			858			2,374			1,866
Results from financial transactions		-			-			-			-			(2	)		51
Depreciation and amortization		(30	)		(25	)		(4	)		(3	)		(27	)		(21	)
Interest income		2			2			9			8			104			25
Interest expense		-			-			(0	)		-			(7	)		(13	)
Profit or loss		71			61			330			386			260			247
Income tax (expense) or result		(16	)		(12	)		(92	)		(109	)		(56	)		(40	)
Post-tax profit or (loss)		55			48			238			277			205			208
Other comprehensive income		(37	)		(2	)		-			-			(86	)		53
Total comprehensive income		18			47			238			277			118			260
Dividends received		30			-			-			-			54			18

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:
	Santander Spain Life				AIFMC				Other Joint ventures
	2022		2021		2022		2021		2022		2021
Net assets of joint venture as presented above		635		648		903		752		1,114		1,816
Net assets of joint venture excluding goodwill		556		568		960		751		1,019		1,681
Group share of net assets of joint venture, excluding goodwill		283		290		471		368		513		857
Goodwill on acquisition		80		80		1		1		95		148
Carrying amount		363		369		471		369		608		1,005

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.

	Santander Spain Life						AIFMC				Other Joint ventures
	2022			2021			2022		2021		2022			2021
Post-tax profit or loss		28			25			116		136		104			104
Other comprehensive income		(19	)		(1	)		-		-		(44	)		26
Total comprehensive income		9			24			116		136		61			131

Schedule Of Financial Information Of Associates

The summarized financial information of associates presented below is based on the Group’s relative holding.

				Associates
	2022			20211)
Post-tax profit or loss		(11	)		(15	)
Other comprehensive income		1			(5	)
Total comprehensive income		(10	)		(20	)
Carrying amount		165			1,289

1  Amounts for 2021 related to post-tax profit or loss, other comprehensive income and total comprehensive income have been re-presented to reflect the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.