87 ANNUAL REPORT 2010 ❏  CONSOLIDATED CASH FLOW STATEMENT OF AEGON N.V.  FOR THE YEAR ENDED DECEMBER 31  > CONTINUATION The cash flow statement is prepared according to the indirect method. SHARPENING OUR FOCUS Amounts in EUR million Note 2010 2009 2008 Purchase of individual intangible assets (other than VOBA and future servicing rights) (20) (10) (12) Purchase of equipment and real estate for own use (116) (202) (85) Acquisition of subsidiaries and associates, net of cash (31) (202) (461) Disposal of intangible asset 2 – – Disposal of equipment  33 25 150 Disposal of subsidiaries and associates, net of cash (158) 11 – Dividend received from associates 14 53 4 Other (2) – 6 NET CASH FLOWS FROM INVESTING ACTIVITIES (278) (325) (398) Issuance of share capital – 837 – Issuance of convertible core capital securities – – 3,000 Issuance and (purchase) of treasury shares – 175 (217) Proceeds from TRUPS$^{ 1}$, subordinated loans and borrowings 7,551 6,926 4,876 Repurchase of convertible core capital securities (500) (1,000) – Repurchase of perpetual securities – – (114) Repayment of TRUPS$^{ 1}$, subordinated loans and borrowings (6,577) (4,529) (5,134) Dividends paid (90) (122) (660) Coupons and premium on convertible core capital securities (63) (273) – Coupons on perpetual securities (251) (244) (254) Other 49 (14) (36) NET CASH FLOWS FROM FINANCING ACTIVITIES 119 1,756 1,461 NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS  2 1,104 (5,574) 2,386 Net cash and cash equivalents at the beginning of the year 4,013 9,506 7,385 Effects of changes in exchange rate 57 81 (265) NET CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 14 5,174 4,013 9,506 1  Trust pass-through securities.  2  Included in net increase / (decrease) in cash and cash equivalents are interest received (2010: EUR 8,167 million, 2009: EUR 7,778 million  and 2008: EUR 8,614 million) dividends received (2010: EUR 635 million, 2009: EUR 816 million and 2008: EUR 925 million) and interest  paid (2010: EUR 380 million, 2009: EUR 510 million and 2008: EUR 356 million).