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, 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 |
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 |
(XLS:) Download |
CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2015 |
||||||
---|---|---|---|---|---|---|
€ million |
Equity- accounted investments |
Other equity investments |
Total |
|||
|
|
|
|
|||
Gross carrying amount at Jan. 1, 2015 |
9,955 |
4,014 |
13,968 |
|||
Foreign exchange differences |
187 |
9 |
197 |
|||
Changes in consolidated Group |
– |
−67 |
−67 |
|||
Additions |
740 |
253 |
993 |
|||
Transfers |
44 |
−44 |
– |
|||
Disposals |
36 |
3,174 |
3,210 |
|||
Changes recognized in profit or loss |
4,386 |
– |
4,386 |
|||
Dividends |
−4,683 |
– |
−4,683 |
|||
Other changes recognized in other comprehensive income |
392 |
342 |
733 |
|||
Balance at Dec. 31, 2015 |
10,985 |
1,333 |
12,318 |
|||
Impairment losses |
80 |
331 |
411 |
|||
Foreign exchange differences |
1 |
−2 |
−2 |
|||
Changes in consolidated Group |
– |
−3 |
−3 |
|||
Additions |
– |
38 |
38 |
|||
Transfers |
– |
– |
– |
|||
Disposals |
– |
4 |
4 |
|||
Reversal of impairment losses |
– |
0 |
0 |
|||
Balance at Dec. 31, 2015 |
81 |
358 |
439 |
|||
Carrying amount at Dec. 31, 2015 |
10,904 |
974 |
11,878 |
Equity-accounted investments include joint ventures in the amount of €9,546 million (previous year: €9,159 million) and associates in the amount of €1,358 million (previous year: €715 million).
€335 million of the changes in the consolidated Group between equity-accounted investments and other equity investments in the previous year 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. The additions of equity-accounted investments in the fiscal year are mainly attributable to There Holding. The disposals of other equity investments are mainly the result of the sale of the Suzuki shares. Further details can be found in the disclosures in the section entitled “Basis of consolidation”.
Of the other changes recognized in other comprehensive income, €391 million (previous year: €379 million) is attributable to joint ventures and €1 million (previous year: €−3 million) to associates. They are mainly the result of foreign exchange differences in the amount of €393 million (previous year: €397 million), pension plan remeasurements in the amount of €−8 million (previous year: €−6 million) and losses on the fair value measurement of cash flow hedges in the amount of €6 million (previous year: €−23 million).