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7 Share of profits and losses of equity-accounted investments

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€ million

 

2012

 

2011

Share of profits of equity-accounted investments

 

13,675

 

2,578

of which: from joint ventures

 

(13,658)

 

(2,564)

of which: from associates

 

(16)

 

(14)

Share of losses of equity-accounted investments

 

107

 

404

of which: from joint ventures

 

(42)

 

(5)

of which: from associates

 

(65)

 

(399)

 

 

13,568

 

2,174

The share of profits and losses of equity-accounted investments in the previous year includes the amounts from the adjustment of the equity interest in Suzuki Motor Corporation until September 13, 2011 and the adjustment of the equity interest in MAN SE until November 8, 2011. Following the discontinuation of equity accounting for these companies, an expense of €263 million was recognized for Suzuki and an expense of €292 million for MAN. The share of profits and losses of equity-accounted investments in the fiscal year includes the amounts from the adjustment of the equity interest in Porsche Holding Stuttgart until July 31, 2012. Following the discontinuation of equity accounting for Porsche Holding Stuttgart, a gain of €10,399 million was recognized; this figure includes the recognition in the income statement of amounts previously recognized in other comprehensive income.

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