22. Financial investments1 and investments accounted for using the equity method
| Download XLS (18 kB) |
|
€ million |
Loans |
Investments2 |
Securities |
Total | ||||
|
Acquisition and production costs |
|
|
|
| ||||
| ||||||||
|
As of 1/1/2011 |
130 |
13 |
116 |
259 | ||||
|
Currency translation |
0 |
0 |
0 |
0 | ||||
|
Additions to consolidation group |
0 |
0 |
0 |
0 | ||||
|
Additions |
5 |
1 |
0 |
6 | ||||
|
Disposals |
–23 |
0 |
–38 |
–61 | ||||
|
Transfers |
–35 |
0 |
–77 |
–112 | ||||
|
As of 31/1/ 2011 / 1/1/2012 |
77 |
14 |
1 |
92 | ||||
|
Currency translation |
1 |
–3 |
0 |
–2 | ||||
|
Additions to consolidation group |
0 |
0 |
0 |
0 | ||||
|
Additions |
17 |
283 |
0 |
300 | ||||
|
Disposals |
–10 |
–2 |
0 |
–12 | ||||
|
Transfers |
–24 |
–1 |
0 |
–25 | ||||
|
As of 31/12/2012 |
60 |
292 |
2 |
353 | ||||
|
Depreciation/amortisation |
|
|
|
| ||||
|
As of 1/1/2011 |
11 |
0 |
0 |
11 | ||||
|
Currency translation |
0 |
0 |
0 |
0 | ||||
|
Additions, scheduled |
0 |
0 |
0 |
0 | ||||
|
Impairment losses |
0 |
1 |
0 |
1 | ||||
|
Disposals |
0 |
0 |
0 |
0 | ||||
|
Reversals of impairment losses |
0 |
0 |
0 |
0 | ||||
|
Transfers |
1 |
0 |
0 |
1 | ||||
|
As of 31/1/ 2011 / 1/1/2012 |
12 |
1 |
0 |
13 | ||||
|
Currency translation |
0 |
0 |
0 |
0 | ||||
|
Additions, scheduled |
0 |
0 |
0 |
0 | ||||
|
Impairment losses |
1 |
1 |
0 |
1 | ||||
|
Disposals |
0 |
0 |
0 |
0 | ||||
|
Reversals of impairment losses |
0 |
–1 |
0 |
–1 | ||||
|
Transfers |
0 |
0 |
0 |
0 | ||||
|
As of 31/12/2012 |
13 |
1 |
0 |
14 | ||||
|
Carrying amount at 1/1/2011 |
119 |
13 |
116 |
248 | ||||
|
Carrying amount at 31/12/2011 |
65 |
13 |
1 |
79 | ||||
|
Carrying amount at 31/12/2012 |
46 |
291 |
2 |
339 | ||||
The carrying amounts of investments include €92 million (previous year: €3 million) in investments in 5 associated companies (previous year: 4 associated companies), which are accounted for using the equity method. Key investments accounted for using the equity method are the companies OPCI FRENCH WHOLESALE PROPERTIES – FWP (share of 30.74 percent, carrying amount of €47 million) and Habib METRO Pakistan (Pvt) Ltd (share of 40.00 percent, carrying amount of €43 million). Additions to investments (incl. investments accounted for using the equity method) totalling €283 million include the share capital of Booker Group PLC amounting to €190 million, which was acquired as part of the divestment of METRO GROUP’s cash & carry business in the United Kingdom, as well as the acquisition of the associated companies OPCI FRENCH WHOLESALE PROPERTIES – FWP in the amount of €47 million and Habib METRO Pakistan (Pvt) Ltd in the amount of €43 million.