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, 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).