15 Equity-accounted investments and other equity investments
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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).