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, 2018

€ million

 

Equity-accounted investments

 

Other equity investments

 

Total

1

Dividends are shown before withholding tax.

 

 

 

 

 

 

 

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:) Download

CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS
IN THE PERIOD JANUARY 1, DECEMBER 31, 2019

€ million

 

Equity-accounted investments

 

Other equity investments

 

Total

1

Dividends are shown before withholding tax.

 

 

 

 

 

 

 

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

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).