15 Equity-accounted investments and other equity investments
(XLS:)
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CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS |
||||||||
|---|---|---|---|---|---|---|---|---|
€ million |
Equity-accounted investments |
Other equity investments |
Total |
|||||
|
||||||||
|
|
|
|
|||||
Gross carrying amount Balance at Jan. 1, 2018 |
8,431 |
1,827 |
10,259 |
|||||
Foreign exchange differences |
−9 |
9 |
0 |
|||||
Changes in consolidated Group |
269 |
−368 |
−99 |
|||||
Additions |
247 |
693 |
939 |
|||||
Transfers |
– |
0 |
0 |
|||||
Disposals |
84 |
19 |
103 |
|||||
Changes recognized in profit or loss |
3,371 |
– |
3,371 |
|||||
Dividends¹ |
−3,460 |
– |
−3,460 |
|||||
Other changes recognized in other comprehensive income |
62 |
1 |
62 |
|||||
Balance at Dec. 31, 2018 |
8,826 |
2,142 |
10,968 |
|||||
Impairment losses Balance at Jan. 1, 2018 |
238 |
507 |
745 |
|||||
Foreign exchange differences |
−1 |
−1 |
−2 |
|||||
Changes in consolidated Group |
– |
−4 |
−4 |
|||||
Additions |
155 |
172 |
326 |
|||||
Transfers |
– |
0 |
0 |
|||||
Disposals |
– |
5 |
5 |
|||||
Reversal of impairment losses |
– |
1 |
1 |
|||||
Balance at Dec. 31, 2018 |
392 |
668 |
1,060 |
|||||
Carrying amount at Dec. 31, 2018 |
8,434 |
1,474 |
9,908 |
|||||
| (XLS:)
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CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS |
||||||||
|---|---|---|---|---|---|---|---|---|
€ million |
Equity-accounted investments |
Other equity investments |
Total |
|||||
|
||||||||
|
|
|
|
|||||
Gross carrying amount Balance at Jan. 1, 2019 |
8,826 |
2,142 |
10,968 |
|||||
Foreign exchange differences |
22 |
6 |
28 |
|||||
Changes in consolidated Group |
16 |
−252 |
−236 |
|||||
Additions |
236 |
856 |
1,093 |
|||||
Transfers |
– |
0 |
0 |
|||||
Classified as held for sale |
– |
15 |
15 |
|||||
Disposals |
76 |
88 |
164 |
|||||
Changes recognized in profit or loss |
3,326 |
– |
3,326 |
|||||
Dividends¹ |
−3,786 |
– |
−3,786 |
|||||
Other changes recognized in other comprehensive income |
75 |
−34 |
41 |
|||||
Balance at Dec. 31, 2019 |
8,639 |
2,616 |
11,255 |
|||||
Impairment losses Balance at Jan. 1, 2019 |
392 |
668 |
1,060 |
|||||
Foreign exchange differences |
1 |
0 |
1 |
|||||
Changes in consolidated Group |
– |
−131 |
−131 |
|||||
Additions |
143 |
226 |
369 |
|||||
Transfers |
– |
– |
– |
|||||
Classified as held for sale |
– |
0 |
0 |
|||||
Disposals |
– |
31 |
31 |
|||||
Reversal of impairment losses |
67 |
18 |
85 |
|||||
Balance at Dec. 31, 2019 |
470 |
714 |
1,183 |
|||||
Carrying amount at Dec. 31, 2019 |
8,169 |
1,902 |
10,071 |
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Equity-accounted investments include joint ventures in the amount of €5,851 million (previous year: €6,372 million) and associates in the amount of €2,318 million (previous year: €2,062 million).
Of the other changes recognized in other comprehensive income, €53 million (previous year: €7 million) is attributable to joint ventures and €22 million (previous year: €55 million) to associates. They are mainly the result of foreign exchange differences in the amount of €94 million (previous year: €9 million), pension plan remeasurements in the amount of €1 million (previous year: €31 million) and fair value measurement of cash flow hedges in the amount of €−27 million (previous year: €28 million).