Consolidated financial statements of Aegon N.V. 118 Table of contents Consolidated financial statements  of Aegon N.V. Exchange rates  120 Consolidated income statement of Aegon N.V.  122 Consolidated statement of comprehensive income  of Aegon N.V. 123 Consolidated statement of financial position of Aegon N.V.  124 Consolidated statement of changes in equity of Aegon N.V.  125 Consolidated cash flow statement of Aegon N.V.  128 Notes to the consolidated  financial statements 1  General information  129 2 Summary of significant accounting policies  129 3  Critical accounting estimates and judgment in applying  accounting policies  157 4  Financial and insurance risks  174 5  Segment information  202 6  Premium income and premiums to reinsurers  210 7  Investment income  211 8  Fee and commission income  211 9  Income from reinsurance ceded  212 10  Results from financial transactions  212 11  Other income  213 12  Policyholder claims and benefits  213 13  Profit sharing and rebates  214 14  Commissions and expenses  214 15  Impairment charges / (reversals)  218 16  Interest charges and related fees  218 17  Other charges  218 18 Income tax 219 19 Earnings per share  220 20 Dividend per common share  221 21 Intangible assets  222 22 Investments 224 23 Investments for account of policyholders  227 24 25 26 27 28 29 30 31 32 33 34 35  36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Derivatives 227 Investments in joint ventures  230 Investments in associates  233 Investments in unconsolidated structured entities  234 Reinsurance assets  235 Deferred expenses  236 Other assets and receivables  237 Cash and cash equivalents  239 Shareholders’ equity  241 Convertible core capital securities  246 Other equity instruments  247 Trust pass-through securities  248 Subordinated borrowings  249 Insurance contracts  249 Insurance contracts for account of policyholders  250 Investment contracts  251 Investment contracts for account of policyholders  252 Borrowings 252 Provisions 254 Defined benefit plans  254 Deferred revenue liabilities  261 Deferred tax  261 Other liabilities  263 Accruals 263 Guarantees in insurance contracts  263 Capital and solvency  268 Summary of total financial assets and financial  liabilities at fair value through profit or loss  270 Commitments and contingencies  271 Transfers of financial assets 274 Offsetting, enforceable master netting  arrangements and similar agreements 278 Business combinations  279 Group companies  280 Related party transactions 282 Events after the balance sheet date  288 Annual Report 2013