42 Deferred gains
2017 | 2016 | |||||||
At January 1 |
64 | 112 | ||||||
Income deferred |
1 | 4 | ||||||
Disposals |
- | (31 | ) | |||||
Release to income statement |
(5 | ) | (6 | ) | ||||
Net exchange differences |
(2 | ) | (14 | ) | ||||
Transfers to disposal groups |
(45 | ) | - | |||||
At December 31 |
13 | 64 |
Transfers to disposal groups relates to the Aegon Ireland plc. business which is classified as held for sale per year-end 2017 and as a result the deferred gains are no longer included in the 2017 ending balance.