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|
CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS | ||||||||
|---|---|---|---|---|---|---|---|---|
|
€ million |
Equity-accounted investments |
Other equity investments |
Total | |||||
| ||||||||
|
Gross carrying amount at Jan. 1, 2010 |
10,406 |
815 |
11,220 | |||||
|
Foreign exchange differences |
73 |
6 |
78 | |||||
|
Changes in consolidated Group |
– |
–163 |
–163 | |||||
|
Additions* |
1,808 |
231 |
2,039 | |||||
|
Transfers |
– |
– |
– | |||||
|
Disposals* |
6 |
34 |
40 | |||||
|
Changes recognized in profit or loss* |
1,929 |
– |
1,929 | |||||
|
Dividends* |
–1,174 |
– |
–1,174 | |||||
|
Other changes recognized in other comprehensive income |
516 |
– |
516 | |||||
|
Balance at Dec. 31, 2010 |
13,551 |
855 |
14,407 | |||||
|
Impairment losses Balance at Jan. 1, 2010 |
21 |
271 |
292 | |||||
|
Foreign exchange differences |
3 |
3 |
6 | |||||
|
Changes in consolidated Group |
– |
–50 |
–50 | |||||
|
Additions |
– |
11 |
11 | |||||
|
Transfers |
– |
– |
– | |||||
|
Disposals |
– |
18 |
18 | |||||
|
Reversal of impairment losses |
– |
–3 |
–3 | |||||
|
Balance at Dec. 31, 2010 |
24 |
215 |
239 | |||||
|
Carrying amount at Dec. 31, 2010 |
13,528 |
640 |
14,168 | |||||
| Download |
|
CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS | ||||||
|---|---|---|---|---|---|---|
|
€ million |
Equity-accounted investments |
Other equity investments |
Total | |||
|
Gross carrying amount at Jan. 1, 2011 |
13,551 |
855 |
14,407 | |||
|
Foreign exchange differences |
91 |
0 |
91 | |||
|
Changes in consolidated Group |
–3,863 |
1,756 |
–2,107 | |||
|
Additions |
195 |
494 |
689 | |||
|
Transfers |
–6 |
6 |
– | |||
|
Disposals |
565 |
21 |
587 | |||
|
Changes recognized in profit or loss |
2,740 |
– |
2,740 | |||
|
Dividends |
–1,487 |
– |
–1,487 | |||
|
Other changes recognized in other comprehensive income |
–395 |
175 |
–220 | |||
|
Balance at Dec. 31, 2011 |
10,261 |
3,264 |
13,526 | |||
|
Impairment losses Balance at Jan. 1, 2011 |
24 |
215 |
239 | |||
|
Foreign exchange differences |
1 |
–1 |
0 | |||
|
Changes in consolidated Group |
– |
0 |
0 | |||
|
Additions |
– |
13 |
13 | |||
|
Transfers |
– |
– |
– | |||
|
Disposals |
– |
11 |
11 | |||
|
Reversal of impairment losses |
–13 |
– |
–13 | |||
|
Balance at Dec. 31, 2011 |
12 |
216 |
228 | |||
|
Carrying amount at Dec. 31, 2011 |
10,249 |
3,049 |
13,298 | |||
Equity-accounted investments include joint ventures in the amount of €9,713 million (previous year: €8,284 million) and associates in the amount of €536 million (previous year: €5,244 million).
In the previous year, the additions to equity-accounted investments related mainly to the acquisition of the shares of Suzuki Motor Corporation in the amount of €1,765 million. Starting in fiscal 2011, adjustments to the carrying amounts in profit or loss and dividends received are presented separately in equity method accounting. The prior-year figures were adjusted accordingly. The changes in consolidation of equity-accounted investments in the fiscal year relate to the reclassification of the shares of Suzuki to other equity investments in the amount of €1,635 million and the remeasurement of the shares of MAN SE due to its initial consolidation in the amount of €2,694 million. The expense incurred as a result of the discontinuation of equity accounting (€263 million for Suzuki and €292 million for MAN) was reported under disposals.
Of the other changes recognized in other comprehensive income, €45 million (previous year: €146 million) is attributable to joint ventures and €–439 million (previous year: €366 million) to associates. They are mainly the result of foreign exchange differences in the amount of €–195 million (previous year: €547 million), actuarial gains/losses in the amount of €8 million (previous year: €–101 million) and gains/losses on the fair value measurement of cash flow hedges in the amount of €–172 million (previous year: €–119 million).
