15 Equity-accounted investments and other equity investments

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

(XLS:)

Download

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
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

Equity-accounted investments include joint ventures in the amount of €6,459 million (previous year: €7,068 million) and associates in the amount of €1,746 million (previous year: €1,548 million).

The additions of equity-accounted investments are mainly attributable to the acquisition of the investment in Navistar in the amount of €0.3 billion (previous year: acquisition of investment in Gett and measurement of shares in GMH at the selling price). In the previous year, the disposals resulted from the divestment of LeasePlan by GMH. Further details can be found in the disclosures in the section entitled “Basis of consolidation”.

Of the other changes recognized in other comprehensive income, €−249 million (previous year: €−132 million) is attributable to joint ventures and €−2 million (previous year: €1 million) to associates. They are mainly the result of foreign exchange differences in the amount of €−327 million (previous year: €−156 million), pension plan remeasurements in the amount of €112 million (previous year: €−1 million) and losses on the fair value measurement of cash flow hedges in the amount of €−30 million (previous year: €33 million).

You are here:

15 Equity-accounted investments and other equity investments