NOTES TO THE CONSOLIDATED INCOME STATEMENTS Amounts in EUR millions CONSOLIDATED INCOME STATEMENTS OF TRANSAMERICA FINANCE CORPORATION 2003 2002 2001 Finance charges 524 672 919 Leasing revenues 369 444 489 Real estate information 217 254 283 Other revenues 135 141 261 TOTAL REVENUES 1,245 1,511 1,952 Interest and debt expense 178 252 470 Salaries and other employee expenses 286 332 365 Depreciation on equipment held for lease 177 222 246 Addition to the provision for doubtful accounts (1) 169 155 Miscellaneous income and expenditure 272 414 590 TOTAL EXPENSES 912 1,389 1,826 Income before tax 333 122 126 Corporation tax (91) (34) (1) NET INCOME FROM OPERATIONS 242 88 125 The low corporation tax in 2001 was caused by the reversal of state tax liabilities that were no longer needed. Income reported by AEGON: Net income reported 242 88 125 Funding costs on the related raised debt, net of tax (24) (37) (53) NET INCOME REPORTED BY AEGON 218 51 72 CASH FLOW FOR TRANSAMERICA FINANCE CORPORATION: Net cash provided by operating activities 700 547 465 Net cash provided by investing activities 135 914 2,285 Net cash used in financing activities (840) (1,463) (2,737) 2003 2002 FINANCE RECEIVABLES The contractual maturity is: Less than three months 1,350 1,230 Between three months and one year 1,388 1,453 Between one and five years 1,660 2,416 Over five years 508 629 TOTAL 4,906 5,728 This item includes receivables from lending and leasing activities after deduction of unearned finance charges. 2003 2002 Net finance receivables 5,018 5,901 Less allowances for losses (112) (173) TOTAL 4,906 5,728 AEGON GROUP ANNUAL REPORT 2003 122 NOTES TO THE CONSOLIDATED BALANCE SHEETS OF TRANSAMERICA FINANCE CORPORATION CASH Where not otherwise stated, balance sheet items are carried at face value. If necessary a provision for bad and doubtful debts has  been deducted. All cash is at free disposal.