Balance sheet

Balance sheet

Assets

(€ million)			31.12.2014	31.12.2013
1		INTANGIBLE ASSETS	8,601	9,352
	1.1	Goodwill	6,617	7,163
	1.2	Other intangible assets	1,983	2,189
2		TANGIBLE ASSETS	4,610	4,786
	2.1	Land and buildings (self used)	2,797	2,879
	2.2	Other tangible assets	1,814	1,907
3		AMOUNTS CEDED TO REINSURERS FROM INSURANCE PROVISIONS	4,378	4,875
4		INVESTMENTS	427,191	384,645
	4.1	Land and buildings (investment properties)	12,628	12,828
	4.2	Investments in subsidiaries, associated companies and joint ventures	1,284	1,407
	4.3	Held to maturity investments	2,940	4,115
	4.4	Loans and receivables	50,780	63,371
	4.5	Available for sale financial assets	276,498	230,031
	4.6	Financial assets at fair value through profit or loss	83,061	72,893
		of which financial assets where the investment risk is borne by the policyholders and related to pension funds	67,707	59,116
5		RECEIVABLES	12,057	10,915
	5.1	Receivables arising out of direct insurance operations	7,462	7,584
	5.2	Receivables arising out of reinsurance operations	1,143	1,082
	5.3	Other receivables	3,452	2,249
6		OTHER ASSETS	35,973	15,651
	6.1	Non-current assets or disposal groups classified as held for sale	21,304	653
	6.2	Deferred acquisition costs	1,958	1,957
	6.3	Deferred tax assets	2,715	2,807
	6.4	Tax receivables	2,825	2,866
	6.5	Other assets	7,172	7,368
7		CASH AND CASH EQUIVALENTS	8,508	19,431
		TOTAL ASSETS	501,318	449,656

Shareholders'equity and Liabilities

(€ million)				31.12.2014	31.12.2013
1			SHAREHOLDERS' EQUITY	24,185	21,404
	1.1		Shareholders' equity attributable to the Group	23,204	19,778
		1.1.1	Share capital	1,557	1,557
		1.1.2	Other equity instruments	0	0
		1.1.3	Capital reserves	7,098	7,098
		1.1.4	Revenue reserves and other reserves	7,571	7,276
		1.1.5	(Own shares)	-8	-11
		1.1.6	Reserve for currency translation differences	-239	-252
		1.1.7	Reserve for unrealized gains and losses on available for sale financial assets	6,498	2,501
		1.1.8	Reserve for other unrealized gains and losses through equity	-943	-306
		1.1.9	Result of the period	1,670	1,915
	1.2		Shareholders' equity attributable to minority interests	981	1,627
		1.2.1	Share capital and reserves	706	1,434
		1.2.2	Reserve for unrealized gains and losses through equity	93	-34
		1.2.3	Result of the period	182	227
2			OTHER PROVISIONS	1,751	1,768
3			INSURANCE PROVISIONS	386,202	345,752
			of which insurance provisions for policies where the investment risk is borne by the policyholders and related to pension funds	51,674	45,809
4			FINANCIAL LIABILITIES	48,794	62,016
	4.1		Financial liabilities at fair value through profit or loss	18,374	16,084
			of which financial liabilities where the investment risk is borne by the policyholders and related to pension funds	15,886	13,227
	4.2		Other financial liabilities	30,420	45,932
			of which subordinated liabilities	8,315	7,612
5			PAYABLES	9,379	8,129
	5.1		Payables arising out of direct insurance operations	3,553	3,190
	5.2		Payables arising out of reinsurance operations	557	572
	5.3		Other payables	5,270	4,367
6			OTHER LIABILITIES	31,007	10,586
	6.1		Liabilities directly associated with non-current assets and disposal groups classified as held for sale	19,700	648
	6.2		Deferred tax liabilities	3,706	2,338
	6.3		Tax payables	1,420	1,607
	6.4		Other liabilities	6,181	5,993
			TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES	501,318	449,656