181 348
181
3.
EQUITY-ACCOUNTED INVESTMENTS
These are detailed as follows:
31 December 2014
31 December 2013 (*)
Investments in associates
198
78
Investments in joint ventures
27
127
Total equity-accounted investments
225
205
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
Movements over the period are as follows:
31 December 2014
Investments in
Investments
Total
associates
in joint ventures
Opening balance
78
127
205
Movements:
- Reclassification from investments in JV to associates
119
(119)
-
- Effect of YOFC dilution
8
-
8
- Currency translation differences
2
2
4
- Investments
-
-
-
- Share of net profit/(loss)
26
17
43
- Dividends
(36)
-
(36)
- Other movements
1
-
1
Total movements
120
(100)
20
Closing balance
198
27
225
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
31 December 2013 (*)
Investments in
Investments
Total
associates
in joint ventures
Opening balance
74
119
193
Movements:
- Currency translation differences
(5)
(3)
(8)
- Investments
-
-
-
- Share of net profit/(loss)
17
18
35
- Dividends
(9)
(7)
(16)
- Other movements
1
-
1
Total movements
4
8
12
Closing balance
78
127
205
(in millions of Euro)
(in millions of Euro)
(in millions of Euro)