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, 2012 | ||||||
|---|---|---|---|---|---|---|
|
€ million |
Equity-accounted investments |
Other equity investments |
Total | |||
|
|
|
|
|
|||
|
Gross carrying amount at Jan. 1, 2012 |
10,261 |
3,264 |
13,526 |
|||
|
Foreign exchange differences |
–25 |
–3 |
–28 |
|||
|
Changes in consolidated Group |
–12,742 |
–46 |
–12,788 |
|||
|
Additions |
10,812 |
488 |
11,301 |
|||
|
Transfers |
0 |
0 |
– |
|||
|
Disposals |
2 |
16 |
17 |
|||
|
Changes recognized in profit or loss |
3,226 |
– |
3,226 |
|||
|
Dividends |
–3,925 |
– |
–3,925 |
|||
|
Other changes recognized in other comprehensive income |
–243 |
419 |
176 |
|||
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Balance at Dec. 31, 2012 |
7,362 |
4,107 |
11,469 |
|||
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Impairment losses Balance at Jan. 1, 2012 |
12 |
216 |
228 |
|||
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Foreign exchange differences |
0 |
–1 |
–1 |
|||
|
Changes in consolidated Group |
– |
1 |
1 |
|||
|
Additions |
41 |
20 |
62 |
|||
|
Transfers |
– |
– |
– |
|||
|
Disposals |
– |
0 |
0 |
|||
|
Reversal of impairment losses |
– |
– |
– |
|||
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Balance at Dec. 31, 2012 |
53 |
236 |
290 |
|||
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Carrying amount at Dec. 31, 2012 |
7,309 |
3,870 |
11,179 |
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| Download |
|
CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2013 | ||||||
|---|---|---|---|---|---|---|
|
€ million |
Equity-accounted investments |
Other equity investments |
Total | |||
|
|
|
|
|
|||
|
Gross carrying amount at Jan. 1, 2013 |
7,362 |
4,107 |
11,469 |
|||
|
Foreign exchange differences |
–24 |
–6 |
–30 |
|||
|
Changes in consolidated Group |
–3 |
–259 |
–262 |
|||
|
Additions |
38 |
297 |
335 |
|||
|
Transfers |
27 |
–27 |
0 |
|||
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Disposals |
3 |
23 |
25 |
|||
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Changes recognized in profit or loss |
3,612 |
– |
3,612 |
|||
|
Dividends |
–2,827 |
– |
–2,827 |
|||
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Other changes recognized in other comprehensive income |
–170 |
88 |
–82 |
|||
|
Balance at Dec. 31, 2013 |
8,014 |
4,177 |
12,191 |
|||
|
Impairment losses Balance at Jan. 1, 2013 |
53 |
236 |
290 |
|||
|
Foreign exchange differences |
0 |
–1 |
–2 |
|||
|
Changes in consolidated Group |
– |
–31 |
–31 |
|||
|
Additions |
26 |
37 |
63 |
|||
|
Transfers |
– |
– |
– |
|||
|
Disposals |
– |
3 |
3 |
|||
|
Reversal of impairment losses |
– |
0 |
0 |
|||
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Balance at Dec. 31, 2013 |
80 |
237 |
316 |
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Carrying amount at Dec. 31, 2013 |
7,934 |
3,941 |
11,875 |
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Equity-accounted investments include joint ventures in the amount of €7,563 million (previous year: €6,870 million) and associates in the amount of €370 million (previous year: €439 million).
In fiscal year 2012, €12,566 million of the changes in the consolidated Group concerning equity-accounted investments related to the reclassification of the shares of Porsche Holding Stuttgart because of the initial consolidation of that company. The income of €10,716 million from the remeasurement of the existing shares held resulting from discontinuation of equity-method accounting was reported under additions.
Of the other changes recognized in other comprehensive income, €–162 million (previous year: €–245 million) is attributable to joint ventures and €–7 million (previous year: €2 million) to associates. They are mainly the result of foreign exchange differences in the amount of €–136 million (previous year: €–48 million), pension plan remeasurements in the amount of €–9 million (previous year: €–135 million) and losses on the fair value measurement of cash flow hedges in the amount of €–36 million (previous year: €–185 million).