Manufacturing Industry
AEGON N.V. - Change in accounting principles.
PR Newswire UK Disclose, July, 2007
The Hague, July 24, 2007
AEGON changes accounting principles relating to guarantees in the Netherlands
Starting with the second quarter of 2007, AEGON will change the accounting
principles it uses to value guarantees on certain products in the Netherlands.
This change will ensure AEGON's financial statements better reflect the
economic matching of its assets and liabilities.
Jos Streppel, CFO of AEGON, said: "We believe that this change in accounting
principles will increase the transparency of our financial results. It should
enhance the ability of investors, analysts and other interested parties to
judge the economic performance of our businesses. The change is also a helpful
interim step toward the same fair value approach we are seeing with both IFRS
II and...
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