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15 Equity-accounted investments and other equity investments

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CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS
BETWEEN JANUARY 1 AND DECEMBER 31, 2011

€ million

 

Equity-accounted
investments

 

Other equity
investments

 

Total

*

The presentation of the recognition of components of OCI in connection with changes in the basis of consolidation was adjusted.

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*

 

1,043

 

21

 

1,064

Changes recognized in profit or loss

 

2,740

 

 

2,740

Dividends

 

–1,487

 

 

–1,487

Other changes recognized in other comprehensive income*

 

83

 

175

 

258

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

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CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS
BETWEEN JANUARY 1 AND 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

Balance at Dec. 31, 2012

 

7,362

 

4,107

 

11,469

Impairment losses Balance at Jan. 1, 2012

 

12

 

216

 

228

Foreign exchange differences

 

0

 

–1

 

–1

Changes in consolidated Group

 

 

1

 

1

Additions

 

41

 

20

 

62

Transfers

 

 

 

Disposals

 

 

0

 

0

Reversal of impairment losses

 

 

 

Balance at Dec. 31, 2012

 

53

 

236

 

290

Carrying amount at Dec. 31, 2012

 

7,309

 

3,870

 

11,179

Equity-accounted investments include joint ventures in the amount of €6,870 million (previous year: €9,713 million) and associates in the amount of €439 million (previous year: €536 million).

€12,566 million of the changes in the consolidated Group concerning equity-accounted investments relates 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, €–245 million (previous year: €45 million) is attributable to joint ventures and €2 million (previous year: €39 million) to associates. They are mainly the result of foreign exchange differences in the amount of €–48 million (previous year: €–195 million), actuarial gains/losses in the amount of €–135 million (previous year: €8 million) and losses on the fair value measurement of cash flow hedges in the amount of €–185 million (previous year: €–172 million).

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