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General account real estate held for own use are mainly held by AEGON USA and AEGON The Netherlands, with relatively smaller holdings in Hungary and Spain and are carried at revalued amounts. The carrying value under a historical cost model amounts to EUR 325 million (2009: EUR 297 million). 

5% of the value of the general account real estate held for own use was last revalued in 2010 (2009: 54%), based on market value appraisals by qualified internal and external appraisers. 81% of the appraisals in 2010 were performed by independent external appraisers (2009: 98%). 

General account real estate held for own use has not been pledged as security for liabilities, nor are there any restrictions 

## NOTE 13.2 RECEIVABLES 

on title. Depreciation expenses are charged in ‘Commissions and expenses’ in the income statement. The useful lives of buildings range between 40 and 50 years. 

Refer to note 48 for a summary of contractual commitments for the acquisition of general account real estate held for own use. 

None of the equipment is held for lease (2009: EUR 0 million). Equipment has not been pledged as security for liabilities, nor are there any restrictions on title. Depreciation expenses have been charged in ‘Commissions and expenses’ in the income statement. Equipment is generally depreciated over a period of three to five years. 

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Carrying amounts disclosed reasonably approximate the fair values at year end. 

The movements in the provision for doubtful debts during the year were as follows: 

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