BALANCE SHEET

Assets

References: (€ million)31/12/201631/12/2015
1INTANGIBLE ASSETS 8,866 8,645
41.1Goodwill 6,664 6,661
191.2Other intangible assets 2,202 1,985
2TANGIBLE ASSETS 4,476 4,469
202.1Land and buildings (self used) 2,810 2,844
202.2Other tangible assets 1,666 1,625
143AMOUNTS CEDED TO REINSURERS FROM INSURANCE PROVISIONS 3,933 4,094
40, 41, 42, 434INVESTMENTS 469,172 447,448
114.1Land and buildings (investment properties) 12,584 12,112
34.2Investments in subsidiaries, associated companies and joint ventures 1,194 1,369
74.3Held to maturity investments 2,168 1,984
84.4Loans and receivables 44,178 48,198
94,5Available for sale financial assets 313,933 289,399
104.6Financial assets at fair value through profit or loss 95,114 94,385
of which financial assets where the investment risk is borne by the policyholders and related to pension funds 78,317 74,966
215RECEIVABLES 11,790 11,706
5.1Receivables arising out of direct insurance operations 7,155 6,497
5.2Receivables arising out of reinsurance operations 1,163 1,060
5.3Other receivables 3,471 4,149
226OTHER ASSETS 15,414 15,142
6.1Non-current assets or disposal groups classified as held for sale 772 0
156.2Deferred acquisition costs 2,083 2,000
6.3Deferred tax assets 2,477 2,652
6.4Tax receivables 2,974 3,115
6.5Other assets 7,108 7,375
127CASH AND CASH EQUIVALENTS 7,533 9,044
TOTAL ASSETS 521,184 500,549

Equity and liabilities

References: (€ million)31/12/201631/12/2015
161SHAREHOLDERS' EQUITY 25,668 24,708
1.1Shareholders' equity attributable to the Group 24,545 23,565
1.1.1Share capital 1,560 1,557
1.1.2Other equity instruments 0 0
1.1.3Capital reserves 7,098 7,098
1.1.4Revenue reserves and other reserves 8,604 7,688
1.1.5(Own shares) -7 -6
1.1.6Reserve for currency translation differences 42 74
1.1.7Reserve for unrealized gains and losses on available for sale financial assets 6,319 6,067
1.1.8Reserve for other unrealized gains and losses through equity -1,153 -944
1.1.9Result of the period 2,081 2,030
1.2Shareholders' equity attributable to minority interests 1,123 1,143
1.2.1Share capital and reserves 879 748
1.2.2Reserve for unrealized gains and losses through equity 86 166
1.2.3Result of the period 158 229
232OTHER PROVISIONS 1,804 1,807
133INSURANCE PROVISIONS 421,477 404,687
of which insurance provisions for policies where the investment risk is borne by the policyholders and related to pension funds 60,799 57,793
4FINANCIAL LIABILITIES 51,416 49,904
174.1Financial liabilities at fair value through profit or loss 19,484 20,082
of which financial liabilities where the investment risk is borne by the policyholders and related to pension funds 17,404 16,793
184.2Other financial liabilities 31,932 29,821
of which subordinated liabilities 9,126 9,643
245PAYABLES 9,550 8,828
5.1Payables arising out of direct insurance operations 3,465 3,464
5.2Payables arising out of reinsurance operations 579 511
5.3Other payables 5,506 4,853
256OTHER LIABILITIES 11,269 10,614
6.1Liabilities directly associated with non-current assets and disposal groups classified as held for sale 702 0
6.2Deferred tax liabilities 2,616 3,034
6.3Tax payables 1,644 1,320
6.4Other liabilities 6,307 6,259
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 521,184 500,549