OVERVIEW DEFAULT PROVISIONS FOR INVESTMENTS Addition charged Charged Balance at to income for Other Balance at January 1 statement default movements December 31 2003 Bonds and other fixed rate securities 249 435 (440) (50) 194 Loans guaranteed by mortgages 38 24 (20) 5 47 Other loans 32 (29) (3) 0 0 Other financial investments 17 1 (1) 2 19 TOTAL 336 431 (464) (43) 260 2002 Bonds and other fixed rate securities 238 818 (744) (63) 249 Loans guaranteed by mortgages 53 2 (11) (6) 38 Other loans 75 8 (3) (48) 32 Other financial investments 34 2 (3) (16) 17 TOTAL 400 830 (761) (133) 336 2003 2002 Balance at January 1 94,728 113,272 Acquired 25,177 31,452 Disposed and redeemed (21,068) (25,918) Investment income including revaluations 12,858 (11,524) Currency exchange rate differences and other changes ( 11,606) (12,554) 1 BALANCE AT DECEMBER 31 100,089 94,728 6 RECEIVABLES OUT OF DIRECT INSURANCE 2003 2002 Policyholders 2,425 1,666 Agents 100 449 TOTAL RECEIVABLES OUT OF DIRECT INSURANCE 2,525 2,115 7 OTHER RECEIVABLES 2003 2002 Investment receivables 481 110 Taxes and social security 131 0 Other 475 1,028 TOTAL OTHER RECEIVABLES 1,087 1,138 5 INVESTMENTS FOR ACCOUNT OF POLICYHOLDERS Investments for account of policyholders and insurance-linked savings deposits are investments of which the investment risk is borne by the policyholders. They are valued at market value. Separated investments for group life contracts with full profit sharing are valued according to the terms of the related contracts. For more information refer to note 15 on page 101. Total return of these investments is accounted for in the technical account life insurance on a separate line. $^{1 }$Including reallocation to the general account investments for an amount of EUR 1,278 million due to the final settlement of the Diversified Investment Advisors acquisition. The provision for doubtful debts for these receivables amounts to EUR 135 million (2002: EUR 149 million). Other receivables mature within one year. The provision for doubtful debts for other receivables amounts to EUR 43 million  (2002: EUR 11 million). AEGON GROUP ANNUAL REPORT 2003 93