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).