80 ❏ CONSOLIDATED BALANCE SHEET OF AEGON N.V.  AS AT DECEMBER 31  Amounts in EUR million Note 2010 2009 ASSETS Intangible assets 6 4,359 4,609 Investments 7 143,188 134,205 Investments for account of policyholders 8 146,237 125,845 Derivatives 9 6,251 4,917 Investments in associates 10 733 696 Reinsurance assets 11 5,580 5,110 Defi ned benefi t assets 25 352 356 Deferred tax assets 27 512 278 Deferred expenses and rebates 12 11,948 11,481 Other assets and receivables 13 7,912 6,823 Cash and cash equivalents 14 5,231 4,314 TOTAL ASSETS 332,303 298,634 EQUITY AND LIABILITIES Shareholders’ equity 15 17,210 12,164 Convertible core capital securities 16 1,500 2,000 Other equity instruments 17 4,704 4,709 Issued capital and reserves attributable to equity holders of AEGON N.V. 23,414 18,873 Minority interest 11 10 GROUP EQUITY 23,425 18,883 Trust pass-through securities 18 143 130 Insurance contracts  19 100,506 93,790 Insurance contracts for account of policyholders 20 77,650 69,760 Investment contracts  21 23,237 27,932 Investment contracts for account of policyholders 22 69,527 57,421 Derivatives 9 5,971 5,716 Borrowings 23 8,518 7,485 Provisions 24 357 421 Defi ned benefi t liabilities 25 2,152 2,104 Deferred revenue liabilities 26 82 69 Deferred tax liabilities 27 1,824 817 Other liabilities 28 18,495 13,714 Accruals 29 416 392 TOTAL LIABILITIES 308,878 279,751 TOTAL EQUITY AND LIABILITIES 332,303 298,634