Note C: Financial non-current assets
|
Subsidiaries |
|
|
|||
In € millions |
Share in capital |
Loans* |
Other financial non- |
Total |
||
|
||||||
Balance at January 1, 2016 |
8,379 |
2,834 |
97 |
11,310 |
||
Acquisitions/capital contributions |
37 |
– |
– |
37 |
||
Divestments/capital repayments |
– |
– |
(2) |
(2) |
||
Net income from subsidiaries |
988 |
– |
– |
988 |
||
Post-retirement benefits |
(595) |
– |
– |
(595) |
||
Equity-settled transactions |
15 |
– |
– |
15 |
||
Loans granted |
– |
571 |
– |
571 |
||
Repayment of loans |
– |
(487) |
– |
(487) |
||
Changes in exchange rates |
(125) |
76 |
– |
(49) |
||
Dividends received |
(448) |
– |
– |
(448) |
||
Other changes |
26 |
– |
– |
26 |
||
Balance at December 31, 2016 |
8,277 |
2,994 |
95 |
11,366 |
||
Acquisitions/capital contributions |
1,555 |
– |
5 |
1,560 |
||
Divestments/capital repayments |
– |
– |
(2) |
(2) |
||
Net income from subsidiaries |
839 |
– |
– |
839 |
||
Post-retirement benefits |
379 |
– |
– |
379 |
||
Equity-settled transactions |
29 |
– |
– |
29 |
||
Loans granted |
– |
611 |
– |
611 |
||
Repayment of loans |
– |
(2,361) |
– |
(2,361) |
||
Changes in exchange rates |
(510) |
(16) |
– |
(526) |
||
Dividends received |
(399) |
– |
– |
(399) |
||
Other changes |
(1) |
– |
1 |
– |
||
Balance at December 31, 2017 |
10,169 |
1,228 |
99 |
11,496 |
||
For Other financial non-current assets a level 3 fair valuation method (discounted cash flow) was used to determine the fair value resulting in a deviation between the fair value and the carrying value of €18 million and in a fair value balance for other financial non-current assets of €117 million. For information on valuation methods, see Note 24 of the Consolidated financial statements.