15 Equity-accounted investments and other equity investments

  (XLS:) Download

CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2013

€ million

 

Equity- accounted investments

 

Other equity investments

 

Total

 

 

 

 

 

 

 

Gross carrying amount at Jan. 1, 2013

 

7,362

 

4,107

 

11,469

Foreign exchange differences

 

−24

 

−6

 

−30

Changes in consolidated Group

 

−3

 

−259

 

−262

Additions

 

38

 

297

 

335

Transfers

 

27

 

−27

 

0

Disposals

 

3

 

23

 

25

Changes recognized in profit or loss

 

3,612

 

 

3,612

Dividends

 

−2,827

 

 

−2,827

Other changes recognized in other comprehensive income

 

−170

 

88

 

−82

Balance at Dec. 31, 2013

 

8,014

 

4,177

 

12,191

Impairment losses Balance at Jan. 1, 2013

 

53

 

236

 

290

Foreign exchange differences

 

0

 

−1

 

−2

Changes in consolidated Group

 

 

−31

 

−31

Additions

 

26

 

37

 

63

Transfers

 

 

 

Disposals

 

 

3

 

3

Reversal of impairment losses

 

 

0

 

0

Balance at Dec. 31, 2013

 

80

 

237

 

316

Carrying amount at Dec. 31, 2013

 

7,934

 

3,941

 

11,875

  (XLS:) Download

CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2014

€ million

 

Equity- accounted investments

 

Other equity investments

 

Total

 

 

 

 

 

 

 

Gross carrying amount at Jan. 1, 2014

 

8,014

 

4,177

 

12,191

Foreign exchange differences

 

205

 

12

 

217

Changes in consolidated Group

 

335

 

−1,001

 

−666

Additions

 

36

 

292

 

329

Transfers

 

 

0

 

0

Disposals

 

0

 

96

 

96

Changes recognized in profit or loss

 

3,987

 

 

3,987

Dividends

 

−2,997

 

 

−2,997

Other changes recognized in other comprehensive income

 

376

 

630

 

1,005

Balance at Dec. 31, 2014

 

9,955

 

4,014

 

13,968

Impairment losses Balance at Jan. 1, 2014

 

80

 

237

 

316

Foreign exchange differences

 

1

 

−1

 

0

Changes in consolidated Group

 

 

−5

 

−5

Additions

 

 

172

 

172

Transfers

 

 

 

Disposals

 

 

72

 

72

Reversal of impairment losses

 

 

 

Balance at Dec. 31, 2014

 

80

 

331

 

411

Carrying amount at Dec. 31, 2014

 

9,874

 

3,683

 

13,557

Equity-accounted investments include joint ventures in the amount of €9,159 million (previous year: €7,563 million) and associates in the amount of €715 million (previous year: €370 million).

€335 million of the changes in the consolidated Group between equity-accounted investments and other equity investments related to the reclassification of the shares in Bertrandt because of the change in the method of inclusion. The acquisition of the additional shares in Bertrandt in the amount of €40 million was previously reported under additions of other equity investments. Further information can be found under Basis of consolidation/Investments in associates.

Of the other changes recognized in other comprehensive income, €379 million (previous year: €−162 million) is attributable to joint ventures and €−3 million (previous year: €−7 million) to associates. They are mainly the result of foreign exchange differences in the amount of €397 million (previous year: €−136 million), pension plan remeasurements in the amount of €−6 million (previous year: €−9 million) and losses on the fair value measurement of cash flow hedges in the amount of €−23 million (previous year: €−36 million).