Balance sheet

Assets
    (€ million) 31/12/2011 31/12/2010  
1  INTANGIBLE ASSETS 10,433.8 10,670.4note
note
 1.1 Goodwill 7,394.4 7,415.4note
 1.2 Other intangible assets 3,039.4 3,255.1note
note
2  TANGIBLE ASSETS 4,906.4 3,796.2 
 2.1 Land and buildings (self used) 3,071.6 3,211.7note
note
 2.2 Other tangible assets 1,834.8 584.5note
3  AMOUNTS CEDED TO REINSURERS FROM INSURANCE PROVISIONS 5,678.0 5,765.3note
4
INVESTMENTS 346,655.5 364,315.6note 
 4.1 Land and buildings (investment properties) 13,081.7 12,614.1note
note
 4.2 Investments in subsidiaries, associated companies and joint ventures 1,904.8 2,439.2note
note
 4.3 Held to maturity investments 5,293.3 4,544.9note
note
 4.4 Loans and receivables 77,090.3 79,208.9note
note
 4.5 Available for sale financial assets 175,649.1 188,928.5note
note
 4.6 Financial assets at fair value through profit or loss 73,636.2 76,580.0note
   of which financial assets where the investment risk is borne by the policyholders and related to pension funds 58,312.0 60,637.0  
5  RECEIVABLES 11,255.1 11,468.0note
 5.1 Receivables arising out of direct insurance operations 8,196.0 8,643.1 note
 5.2 Receivables arising out of reinsurance operations 1,010.8 889.1 note
 5.3 Other receivables 2,048.2 1,935.9 note
6  OTHER ASSETS 18,568.5 15,424.2note
note
 6.1 Non-current assets or disposal groups classified as held for sale 148.0 198.2 note
 6.2 Deferred acquisition costs 2,013.4 1,885.6 note
 6.3 Deferred tax assets 6,843.1 3,596.3 note
 6.4 Tax receivables 2,736.6 2,626.8 note
 6.5 Other assets 6,827.5 7,117.3 note
7  CASH AND CASH EQUIVALENTS 25,559.9 10,990.3note
note
   TOTAL ASSETS 423,057.2 422,430.1 
Shareholders' Equity and Liabilities
      (€ million) 31/12/2011 31/12/2010  
1
    SHAREHOLDERS' EQUITY 18,120.5 20,064.5note
 

1.1   Shareholders' equity attributable to the Group 15,485.6 17,489.8  
 
1.1.1 Share capital 1,556.9 1,556.9 note
 
1.1.2 Other equity instruments 0.0 0.0 note
 
1.1.3 Capital reserves 7,097.9 7,098.3 note
 
1.1.4 Revenue reserves and other reserves 8,153.6 7,289.1 note
 
1.1.5 (Own shares) -403.4 -403.3 note
 
1.1.6 Reserve for currency translation differences 614.9 557.2 note
 
1.1.7 Reserve for unrealized gains and losses on available for sale financial assets -2,155.5 -184.4 note
 
1.1.8 Reserve for other unrealized gains and losses through equity -234.9 -125.8 note
 
1.1.9 Result of the period 856.1 1,701.9 note

1.2   Shareholders' equity attributable to minority interests 2,635.0 2,574.7 note
 
1.2.1 Share capital and reserves 2,404.2 2,170.3  
 
1.2.2 Reserve for unrealized gains and losses through equity -65.8 88.0  
 
1.2.3 Result of the period 296.6 316.4  
2
    OTHER PROVISIONS 1,386.2 1,496.5note
note
3
    INSURANCE PROVISIONS 324,990.1 329,616.3note
note
      of which insurance provisions for policies where the investment risk is borne by the policyholders and related to pension funds 46,849.8 49,460.9  
4
    FINANCIAL LIABILITIES 59,133.4 53,894.4
note

4.1   Financial liabilities at fair value through profit or loss 14,539.3 13,692.7note
note
      of which financial liabilities where the investment risk is borne by the policyholders and related to pension funds 11,340.2 11,206.1  

4.2   Other financial liabilities 44,594.1 40,201.7note
 
      of which subordinated liabilities 6,610.9 6,492.9  
5
    PAYABLES 7,607.0 7,650.0note
 

5.1   Payables arising out of direct insurance operations 3,578.4 3,917.0 note

5.2   Payables arising out of reinsurance operations 725.3 691.7 note

5.3   Other payables 3,303.3 3,041.3 note
6
    OTHER LIABILITIES 11,820.0 9,708.4note
note

6.1   Liabilities directly associated with non-current assets and disposal groups classified as held for sale 0.0 0.0 note

6.2   Deferred tax liabilities 5,949.2 3,753.3 note

6.3   Tax payables 1,339.1 1,607.1 note

6.4   Other liabilities 4,531.7 4,348.0 note
      TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 423,057.2 422,430.1