217 ANNUAL REPORT 2010 SHARPENING OUR FOCUS cash position of EUR 4 million. Goodwill of EUR 39 million  reflects the future new business and potential synergies with  existing business.  In May 2009, AEGON completed the acquisition of a 50% (non- controlling) interest in Mongeral SA Seguros e Previdência  (Brazil). The total consideration paid amounted to EUR 44 million.  An additional earn-out payment of EUR 11 million will be payable  if certain targets are met in the future.  In December 2008, AEGON acquired an additional 40% stake in  the Spanish Caja Cantabria Vida y Pensiones, of which already  10% was acquired in 2007. As a result, AEGON holds a 50%  stake as of December 31, 2008. The total purchase price  amounted to EUR 27 million for the 40% stake. Acquired assets  included EUR 2 million cash positions. Goodwill of EUR 63 million  was recognized. Since the acquisition date, the company has  attributed EUR 0 million to net income in 2008. If the  acquisition had been as of January 1, 2008, contribution to net  income and total revenues would amount to EUR 0 million and  EUR 12 million respectively. In October 2008, AEGON acquired a 50% stake in Caixa  Terrassa Vida y Pensiones, a Spanish life insurance, pension  and health company. The total purchase price amounted to  EUR 186 million. Acquired assets included EUR 11 million cash  positions. Goodwill of EUR 167 million was recognized. Since the  acquisition date, the company has attributed EUR 0 million to  net income in 2008. If the acquisition had been as of January 1,  2008, contribution to net income and total revenues would  amount to EUR 4 million and EUR 109 million respectively. In July 2008, AEGON finalized the acquisition of 100% of the  shares of the Turkish life insurance and pension company  Ankara Emeklilik Anonim ˛ Sirketi. The total purchase price  amounted to EUR 34 million. Since the acquisition date, the  company has attributed EUR (3) million (loss) to net income in  2008. If the acquisition had been as of January 1, 2008,  contribution to net income and total revenues would amount to  respectively EUR (7) million (loss) and EUR 11 million. As a result  of the acquisition, assets and liabilities were recognized for  EUR 54 million and EUR 20 million respectively, including a cash  position of EUR 5 million. Goodwill of EUR 30 million reflects  the future new business and synergies with existing business.  In June 2008, AEGON acquired 100% of the shares of the  Polish pension fund company PTE Skarbiec-Emerytura SA. The  total purchase price amounted to EUR 139 million. Since the  acquisition date, the company has attributed EUR 1 million to  net income in 2008. If the acquisition had been as of January 1,  2008, contribution to net income and total revenues would  amount to respectively EUR 4 million and EUR 14 million. As a  result of the acquisition, assets and liabilities were recognized  for EUR 156 million and EUR 17 million respectively, including a  On August 31, 2009 AEGON completed the sale of its Taiwanese  life insurance business to Zhongwie Company Ltd, announced  on April 22, 2009 for an amount of EUR 11 million. The result on  the disposal presented under other charges (note 41) was a loss  of EUR 385 million. On April 1, 2010, AEGON completed the sale of its funeral  insurance business in the Netherlands to Dutch investment firm  Egeria for EUR 212 million. The actual proceeds from the sale  amounted to EUR 162 million, the remainder was upstreamed as  a dividend prior to the sale. The value of the assets and liabilities  sold amounted to EUR 1,084 million and EUR 933 million  respectively. The assets included an amount of EUR 320 million  of cash. Included in the gain are unrealized gains in an amount  of EUR 22 million, reflecting revaluation reserves which were  recycled through the income statement. In 2009, AEGON’s  funeral insurance business generated EUR 70 million in gross  written premiums. In April 2008, AEGON acquired a 49% stake in Industrial Fund  Management Co., Ltd, a Chinese mutual fund manager. The  company is renamed AEGON Industrial Fund Management Co.  The total purchase consideration amounted EUR 22 million. As  a result of the acquisition, assets and liabilities were recognized  for EUR 28 million and EUR 6 million respectively, including  EUR 6 million of goodwill and EUR 15 million cash and cash  equivalents. The company is accounted for as a joint venture. In June 2008, AEGON completed the acquisition of 100% of the  shares of Heller-Saldo 2000 Pension Fund Management Co.,  UNIQA Investment Service Co. and UNIQA Financial Service Co.  in Hungary for a total purchase price of EUR 21 million.  The companies merged subsequently. Since the acquisition date,  the company has attributed EUR 1 million to net income in 2008.  If the acquisition had been as of January 1, 2008, contribution  to net income and total revenues would amount to respectively  EUR 2 million and EUR 4 million. As a result of the acquisition,  assets and liabilities were recognized for EUR 24 million and  EUR 3 million respectively, including a cash position of  EUR 1 million. Goodwill of EUR 6 million reflects the future new  business and potential synergies with existing business.  DISPOSALS 2010 2009 2008