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, 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 Balance at Jan. 1, 2015 |
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 |
(XLS:) Download |
CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2016 |
||||||
---|---|---|---|---|---|---|
€ million |
Equity-accounted investments |
Other equity investments |
Total |
|||
|
|
|
|
|||
Gross carrying amount at Jan. 1, 2016 |
10,985 |
1,333 |
12,318 |
|||
Foreign exchange differences |
−100 |
−1 |
−101 |
|||
Changes in consolidated Group |
−11 |
−103 |
−114 |
|||
Additions |
525 |
191 |
716 |
|||
Transfers |
– |
– |
– |
|||
Disposals |
2,193 |
3 |
2,197 |
|||
Changes recognized in profit or loss |
3,250 |
– |
3,250 |
|||
Dividends |
−3,598 |
– |
−3,598 |
|||
Other changes recognized in other comprehensive income |
−131 |
– |
−131 |
|||
Balance at Dec. 31, 2016 |
8,727 |
1,417 |
10,143 |
|||
Impairment losses Balance at Jan. 1, 2016 |
81 |
358 |
439 |
|||
Foreign exchange differences |
−1 |
1 |
0 |
|||
Changes in consolidated Group |
– |
−57 |
−57 |
|||
Additions |
30 |
120 |
150 |
|||
Transfers |
– |
– |
– |
|||
Disposals |
– |
1 |
1 |
|||
Reversal of impairment losses |
– |
0 |
0 |
|||
Balance at Dec. 31, 2016 |
110 |
420 |
531 |
|||
Carrying amount at Dec. 31, 2016 |
8,616 |
996 |
9,613 |
Equity-accounted investments include joint ventures in the amount of €7,068 million (previous year: €9,546 million) and associates in the amount of €1,548 million (previous year: €1,358 million).
The additions of equity-accounted investments are mainly attributable to the acquisition of the investment in Gett in the amount of €0.3 billion (previous year: There Holding) and to the measurement of the shares in GMH at the selling price in the amount of €0.2 billion. The disposals in the current year are connected with the divestment of LeasePlan by GMH. In the previous year, the disposals of other equity investments were 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, €−132 million (previous year: €391 million) is attributable to joint ventures and €1 million (previous year: €1 million) to associates. They are mainly the result of foreign exchange differences in the amount of €−156 million (previous year: €393 million), pension plan remeasurements in the amount of €−1 million (previous year: €−8 million) and losses on the fair value measurement of cash flow hedges in the amount of €33 million (previous year: €6 million).