Notes to the consolidated financial statements of Aegon N.V.  Note 2 136 Impact of changes in accounting policies on the consolidated cash flow statement 2012  (previously  reported) Change in accounting policy 2012  (restated) 2011  (previously  reported) Change in accounting  policy 2011  (restated) IFRS 10/11 IAS 19 IAS 19 Impact of changes in accounting policies on  the consolidated cash flow statement Income / (loss) before tax 1,904 (51) 65 1,918 916 22 938 Results from financial transactions (12,955) - - (12,955) 187 - 187 Amortization and depreciation 1,439 (22) - 1,417 1,651 - 1,651 Impairment losses 206 (8) - 198 483 - 483 Income from joint ventures - 13 - 13 - - - Income from associates (26) - - (26) (29) - (29) Release of cash flow hedging reserve (62) - - (62) (18) - (18) Other (139) (36) (149) (324) (138) (583) (721) Adjustments of non­cash items (11,537) (53) (149) (11,739) 2,136 (583) 1,553 Insurance and investment liabilities (3,224) (3) - (3,227) (4,940) - (4,940) Insurance and investment liabilities for account of policyholders 11,042 (241) - 10,801 (154) - (154) Accrued expenses and other liabilities 536 (70) 84 550 (421) 561 140 Accrued income and prepayments (1,743) 12 - (1,731) (1,460) - (1,460) Changes in accruals 6,611 (302) 84 6,393 (6,975) 561 (6,414) Purchase of investments (other than money market investments) (32,464) 446 - (32,018) (29,612) - (29,612) Purchase of derivatives (1,528) - - (1,528) (1,350) - (1,350) Disposal of investments (other than money market investments) 34,050 (308) - 33,742 34,924 - 34,924 Disposal of derivatives 507 - - 507 1,599 - 1,599 Net purchase of investments for account of policyholders 960 237 - 1,197 (1,577) - (1,577) Net change in cash collateral (179) 2 - (177) 2,180 - 2,180 Net purchase of money market investments 552 4 - 556 445 - 445 Cash flow movements on operating items not reflected in  income 1,898 381 ­ 2,279 6,609 ­ 6,609 Tax paid 105 28 - 133 (375) - (375) Other 53 (34) - 19 (45) - (45) Net cash flows from operating activities (966) (31) ­ (997) 2,266 ­ 2,266 Purchase of individual intangible assets (other than VOBA and  future servicing rights) (38) 2 - (36) (18) - (18) Purchase of equipment and real estate for own use (65) 2 - (63) (72) - (72) Acquisition of subsidiaries and associates, net of cash (126) 103 - (23) (99) - (99) Disposal of intangible asset 1 (1) - - 1 - 1 Disposal of equipment 10 - - 10 18 - 18 Disposal of subsidiaries and associates, net of cash 286 (10) - 276 823 - 823 Dividend received from associates 2 70 - 72 3 - 3 Other 1 - - 1 (3) - (3) Net cash flows from investing activities 71 166 ­ 237 653 ­ 653 Issuance of share capital 2 - - 2 913 - 913 Issuance of non-cumulative subordinated notes 271 - - 271 - - - Proceeds from TRUPS, subordinated loans and borrowings 6,693 (240) - 6,453 5,627 - 5,627 Repurchase of convertible core capital securities - - - - (1,500) - (1,500) Repayment of TRUPS, subordinated loans and borrowings (3,886) 149 - (3,737) (4,342) - (4,342) Dividends paid (207) - - (207) (59) - (59) Coupons and premium on convertible core capital securities - - - - (750) - (750) Coupons on perpetual securities (230) - - (230) (237) - (237) Coupons on non-cumulative subordinated notes (30) - - (30) - - - Other (11) - - (11) (26) - (26) Net cash flows from financing activities 2,602 (91) ­ 2,511 (374) ­ (374) Net increase / (decrease) in cash and cash equivalents 1,707 44 ­ 1,751 2,545 ­ 2,545 Net cash and cash equivalents at the beginning of the year 7,826 (109) - 7,717 5,174 - 5,174 Effects of changes in exchange rate 27 2 - 29 107 - 107 Net cash and cash equivalents at the end of the year 9,560 (63) ­ 9,497 7,826 ­ 7,826 Cash and cash equivalents 9,653 (63) - 9,590 8,104 - 8,104 Bank overdrafts (93) - - (93) (278) - (278) Net cash and cash equivalents 9,560 (63) ­ 9,497 7,826 ­ 7,826 Annual Report 2013