NOTE 50 216 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V.  The following table analyses the fair value of the assets  received in relation to securities lending and (reverse)  repurchase activities: In addition, AEGON can receive collateral related to derivative  transactions that it enters into. The credit support agreement  will normally dictate the threshold over which collateral needs  to be pledged by AEGON or its counterparty. Transactions  requiring AEGON or its counterparty to post collateral are  typically the result of over-the-counter derivative trades,  comprised mostly of interest rate swaps, currency swaps and  credit swaps. The above items are conducted under terms that are usual and  customary to standard derivative, and securities lending  activities, as well as requirements determined by exchanges  where the bank acts as intermediary. AEGON pledges assets that are on its balance sheet in  securities borrowing transactions, in repurchase transactions,  and against long-term borrowings. In addition, in order to trade  derivatives on the various exchanges, AEGON posts margin as  collateral.  These transactions are conducted under terms that are usual  and customary to standard long-term borrowing, derivative and  securities borrowing activities, as well as requirements  determined by exchanges where the bank acts as intermediary. AEGON has pledged EUR 7,092 million (2009: EUR 9,532  million) financial assets as collateral for general account  liabilities and contingent liabilities. None (2009: none) of the  financial assets pledged can be sold or repledged by the  counterparty. EUR 459 million of the financial assets and other assets were  pledged as collateral for liabilities and contingent liabilities for  account of policyholders in 2010 (2009: EUR 235 million). In June 2009, AEGON acquired a 50% stake in BT-AEGON  (Romania), a pension fund management company earlier run as  a 50%-50% joint venture with Banca Transilvania. The total  purchase price amounted to EUR 11 million. Acquired assets  included EUR 1 million cash positions. Goodwill of EUR 3 million  was recognized. Since the acquisition date, the company has  attributed EUR 0 million to net income. If the acquisition had  been as of January 1, 2009, contribution to net income and  total revenues would amount to EUR 0.3 million and  EUR 0.6 million respectively. Goodwill of EUR 3 million reflects  the future new business and synergies with existing business.  There have been no acquisitions during 2010. As part of AEGON’s mortgage funding program EUR 1.8 billion  have been given as security for notes issued (refer to note 23). AEGON has pledged EUR 940 million (2009: EUR 420 million)  cash collateral on securities borrowed and derivative  transactions and EUR 923 million (2009: EUR 9 million) on  reverse repurchase agreements, refer to note 13.2. To the extent that cash collateral is paid, a receivable is  recognized for the corresponding amount. If other non-cash  financial assets are given as collateral, these are not  derecognized.  Non-cash financial assets that are borrowed or purchased  under agreement to resell are not recognized in the balance  sheet.  NOTE 50  BUSINESS COMBINATIONS ACQUISITIONS 2010 2009 ASSETS PLEDGED  2010 2009 Cash collateral on securities lending  4,993  1,170 Cash received on repurchase agreements  5,076  4,867 Non-cash collateral  5,862  2,817 TOTAL  15,931  8,854 Non-cash collateral that can be sold or repledged in the absence of default 4,154 1,797 Non-cash collateral that has been sold or transferred – –