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## IAS 19 Employee Benefits 

The revised standard eliminates the option to defer the recognition of actuarial gains and losses, known as the “corridor method”. The amendments streamline the presentation of changes in assets and liabilities arising from defined benefit plans, including requiring remeasurements to be presented in other comprehensive income, to immediately recognize all past service costs and to replace interest cost and expected return on plan assets with a net interest amount that is calculated by applying the discount rate to the net defined benefit liability (asset). Aegon has used the “corridor method” in previous years, therefore upon adoption of IAS 19 the actuarial gains and losses are recognized and included in the defined benefit plan. Further details on the impact of the adoption of the revised IAS 19 on the financial position of Aegon are described in note 2.1.2. For the corresponding accounting policy refer to note 2.22. 

In addition, the following new standards, amendments to existing standards and interpretations are mandatory for the first time for the financial year beginning January 1, 2013, but are not currently relevant or do not significantly impact the financial position or financial statements: 

■ Annual improvements 2009-2011 Cycle; 

■ IFRS 1 First Time Adoption - Government Loans; 

■ IAS 27 Separate Financial Statements; 

■ IAS 28 Investments in Associates and Joint Ventures; and 

■ IFRIC 20 - Stripping Costs in the Production Phase of a Surface Mine. 

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