Consolidated statement of changes in equity of AEGON Group

for the year ended December 31, 2007


Amounts in EUR million

Note

Share capital

Retained earnings

Revaluation reserves

Other reserves

Other equity instruments

Issued capital and reserves 1

Minority interest

Total

At January 1

6,572

10,923

1,648

(538)

4,032

22,637

16

22,653

Revaluations

–

–

(3,037)

–

–

(3,037)

–

(3,037)

Transfers between revaluation reserves and retained earnings

–

1

(1)

–

–

–

–

–

(Gains)/losses transferred to income statement on disposal
and impairment

–

–

25

25

–

25

Equity movements of associates

–

–

–

(58)

–

(58)

–

(58)

Foreign currency translation differences

–

–

32

–

–

32

–

32

Movements in foreign currency translation and net foreign investment hedging reserves

–

–

–

(1,445)

–

(1,445)

–

(1,445)

Aggregate tax effect of items recognized directly in equity

–

–

787

–

–

787

–

787

Other

–

(32)

30

–

–

(2)

–

(2)

Net income recognized directly in equity

–

(31)

(2,164)

(1,503)

–

(3,698)

–

(3,698)

Net income recognized in the income statement

–

2,551

–

–

–

2,551

–

2,551

Total recognized net income for 2007

–

2,520

(2,164)

(1,503)

–

(1,147)

–

(1,147)

Shares issued

2

–

–

–

–

2

–

2

Treasury shares

(1,438)

–

–

–

–

(1,438)

–

(1,438)

Treasury shares – withdrawal

170

(170)

–

–

–

–

–

–

Other equity instruments issued

–

–

–

–

745

745

–

745

Dividends paid on ordinary shares

–

(583)

–

–

–

(583)

–

(583)

Preferred dividend

–

(85)

–

–

–

(85)

–

(85)

Coupons on perpetuals

–

(175)

–

–

–

(175)

–

(175)

Share options

–

–

–

–

18

18

–

18

Other

–

(28)

–

–

–

(28)

–

(28)

At December 31, 2007

note 14

 note 15

5,306

12,402

(516)

(2,041)

4,795

19,946

16

19,962
  1. Issued capital and reserves attributable to equity holders of AEGON N.V.

for the year ended December 31, 2006 - Adjusted 1

Amounts in EUR million

Note

Share capital

Retained earnings

Revaluation reserves

Other reserves

Other equity instruments

Issued capital and reserves 2

Minority interest

Total

At January 1

6,812

8,406

2,644

853

3,379

22,094

15

22,109

Revaluations

–

–

(1,158)

–

–

(1,158)

–

(1,158)

Transfers between revaluation reserves and retained earnings

(Gains)/losses transferred to income statement on disposal
and impairment

–

–

(130)

–

–

(130)

–

(130)

Equity movements of associates

–

–

–

(66)

–

(66)

–

(66)

Foreign currency translation differences

–

–

(77)

–

–

(77)

–

(77)

Movements in foreign currency translation and net foreign investment hedging reserves

–

–

–

(1,325)

–

(1,325)

–

(1,325)

Aggregate tax effect of items recognized directly in equity

–

–

281

–

2

283

–

283

Other

–

(15)

88

–

–

73

1

74

Net income recognized directly in equity

–

(15)

(996)

(1,391)

2

(2,400)

1

(2,399)

Net income recognized in the income statement

–

3,169

–

–

–

3,169

–

3,169

Total recognized net income for 2006

–

3,154

(996)

(1,391)

2

769

1

770

Shares issued

2

–

–

–

–

2

–

2

Treasury shares

(242)

(20)

–

–

–

(262)

–

(262)

Other equity instruments issued

–

–

–

–

638

638

–

638

Dividends paid on ordinary shares

–

(391)

–

–

–

(391)

–

(391)

Preferred dividend

–

(80)

–

–

–

(80)

–

(80)

Coupons on perpetuals

–

(143)

–

–

–

(143)

–

(143)

Share options

–

–

–

–

13

13

–

13

Other

–

(3)

–

–

–

(3)

–

(3)

At December 31, 2006

note 14

 note 15

6,572

10,923

1,648

(538)

4,032

22,637

16

22,653
  1. In 2007, AEGON changed its accounting policy regarding the valuation of minimum guarantees applied by AEGON The Netherlands. Further reference is made to note 2.2.1A.
  2. Issued capital and reserves attributable to equity holders of AEGON N.V.

for the year ended December 31, 2005 - Adjusted 1

Amounts in EUR million

Note

Share capital

Retained earnings

Revaluation reserves

Other reserves

Other equity instruments

Issued capital and

reserves 2

Minority interest

Total

At January 1

6,590

6,498

2,141

(681)

2,869

17,417

15

17,432

Revaluations

–

–

205

–

–

205

–

205

Transfers between revaluation reserves and retained earnings

–

4

(4)

–

–

–

–

–

(Gains)/losses transferred to income statement on disposal
and impairment

–

–

54

–

–

54

–

54

Equity movements of associates

–

–

–

19

–

19

–

19

Foreign currency translation differences

–

–

142

–

–

142

–

142

Movements in foreign currency translation and net foreign investment hedging reserves

–

–

–

1,515

–

1,515

–

1,515

Aggregate tax effect of items recognized directly in equity

–

–

95

–

–

95

–

95

Other

–

(55)

11

–

–

(44)

2

(42)

Net income recognized directly in equity

–

(51)

503

1,534

–

1,986

2

1,988

Net income recognized in the income statement

–

2,147

–

–

–

2,147

(2)

2,145

Total recognized net income for 2005

–

2,096

503

1,534

–

4,133

–

4,133

Shares issued

2

–

–

–

–

2

–

2

Treasury shares

220

(146)

–

–

–

74

–

74

Other equity instruments issued

–

–

–

–

1,457

1,457

–

1,457

Other equity instruments redeemed

–

–

–

–

(950)

(950)

–

(950)

Dividends paid on ordinary shares

–

(193)

–

–

–

(193)

–

(193)

Preferred dividend

–

(79)

–

–

–

(79)

–

(79)

Coupons on perpetuals

–

(132)

–

–

–

(132)

–

(132)

Share options

–

–

–

–

3

3

–

3

Other

–

362

–

–

–

362

–

362

At December 31, 2005

note 14

 note 15

6,812

8,406

2,644

853

3,379

22,094

15

22,109
  1. In 2007, AEGON changed its accounting policy regarding the valuation of minimum guarantees applied by AEGON The Netherlands. Further reference is made to note 2.2.1A.
  2. Issued capital and reserves attributable to equity holders of AEGON N.V.