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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, 2017

€ million

  

Equity-accounted investments

  

Other equity investments

  

Total

 

  

 

  

 

  

 

Gross carrying amount at Jan. 1, 2017

  

8,727

  

1,417

  

10,143

Foreign exchange differences

  

−129

  

−17

  

−146

Changes in consolidated Group

  

−13

  

−90

  

−104

Additions

  

348

  

519

  

867

Transfers

  

–

  

0

  

0

Assets held for sale

  

−86

  

–

  

−86

Disposals

  

7

  

34

  

40

Changes recognized in profit or loss

  

3,495

  

–

  

3,495

Dividends

  

−3,640

  

–

  

−3,640

Other changes recognized in other comprehensive income

  

−251

  

30

  

−221

Balance at Dec. 31, 2017

  

8,443

  

1,825

  

10,268

Impairment losses Balance at Jan. 1, 2017

  

110

  

420

  

531

Foreign exchange differences

  

−1

  

−3

  

−4

Changes in consolidated Group

  

–

  

−15

  

−15

Additions

  

129

  

129

  

258

Transfers

  

–

  

–

  

–

Disposals

  

–

  

24

  

24

Reversal of impairment losses

  

–

  

1

  

1

Balance at Dec. 31, 2017

  

238

  

507

  

745

Carrying amount at Dec. 31, 2017

  

8,205

  

1,318

  

9,523
  (XLS:) Download

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

Values in the opening balance adjusted (see disclosures on IFRS 9 and IFRS 15).

2

Dividends before withholding tax.

 

  

 

  

 

  

 

Gross carrying amount at Jan. 1, 20181

  

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

Dividends2

  

−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

Equity-accounted investments include joint ventures in the amount of €6,372 million (previous year: €6,459 million) and associates in the amount of €2,062 million (previous year: €1,746 million).

Of the other changes recognized in other comprehensive income, €7 million (previous year: €−249 million) is attributable to joint ventures and €55 million (previous year: €−2 million) to associates. They are mainly the result of foreign exchange differences in the amount of €9 million (previous year: €−327 million), pension plan remeasurements in the amount of €31 million (previous year: €112 million) and fair value measurement of cash flow hedges in the amount of €28 million (previous year: €−30 million).