a.s.r. annual report 2022

Consolidated balance sheet

(in € millions and before profit appropriation)	Note	31 December 2022	31 December 2021
Intangible assets	6.5.1	418	428
Property, plant and equipment	6.5.2	679	556
Investment property	6.5.3	664	2,052
Associates and joint ventures at equity method	6.5.4	79	102
Investments	6.5.5	25,640	33,550
Investments on behalf of policyholders	6.5.6	9,912	11,574
Investments related to investment contracts	6.5.7	2,000	1,952
Loans and receivables	6.5.8	17,171	15,259
Derivatives	6.5.9	5,428	6,212
Deferred tax assets	6.5.10	119	-
Reinsurance contracts	6.5.15	357	417
Other assets	6.5.11	828	631
Cash and cash equivalents	6.5.12	2,245	2,306
Total assets		65,539	75,040

Share capital	6.5.13	24	22
Share premium reserve	6.5.13	1,533	956
Unrealised gains and losses	6.5.13	-922	1,461
Actuarial gains and losses	6.5.13	-168	-1,055
Retained earnings		5,333	5,061
Treasury shares	6.5.13	-79	-83
Equity attributable to shareholders		5,722	6,363

Other equity instruments	6.5.13	1,004	1,004
Equity attributable to holders of equity instruments		6,726	7,366

Non-controlling interests		27	18
Total equity		6,753	7,385

Subordinated liabilities	6.5.14	1,980	992
Liabilities arising from insurance contracts	6.5.15	29,633	37,797
Liabilities arising from insurance contracts on behalf of policyholders	6.5.15	13,007	14,566
Liabilities arising from investment contracts	6.5.16	2,000	1,952
Employee benefits	6.5.17	2,742	4,013
Provisions	6.5.18	18	24
Borrowings	6.5.19	214	192
Derivatives	6.5.9	5,523	759
Deferred tax liabilities	6.5.10	-	69
Due to customers	6.5.20	471	573
Due to banks	6.5.21	2,262	5,741
Other liabilities	6.5.22	938	976
Total liabilities		58,787	67,655

Total equity and liabilities		65,539	75,040

The numbers following the line items refer to the relevant chapters in the notes.