16. Investments recognised using the equity method
The financial data of the investments recognised using the equity method, with a carrying amount of €15 million (2024: €15 million), are presented below.
|
(in millions of euros) |
2025 |
2024 |
|
Current assets |
8 |
14 |
|
of which Cash and cash equivalents |
4 |
6 |
|
Fixed assets |
40 |
37 |
|
Current liabilities |
6 |
9 |
|
of which current financial liabilities |
- |
- |
|
Non-current liabilities |
- |
1 |
|
of which non-current financial liabilities |
- |
- |
|
Net equity (based on 100%) |
43 |
43 |
|
Carrying amount of investments recognised using the equity method as at 31 December |
15 |
15 |
|
Revenue |
30 |
31 |
|
Depreciation, amortisation, and impairment losses |
5 |
4 |
|
Result from operating activities |
-3 |
- |
|
Finance income |
- |
- |
|
Finance costs |
- |
- |
|
Income tax |
- |
- |
|
Profit for the reporting period |
-2 |
-3 |
|
Total comprehensive income for the reporting period |
-2 |
-3 |
|
Share in result of investments recognised using the equity method |
-1 |
2 |
|
Share in other comprehensive income |
- |
- |
|
Share in comprehensive income of investments recognised using the equity method |
-1 |
2 |
|
Dividends received |
- |
- |
There are no material contingent assets and/or liabilities in respect of investments accounted for using the equity method. There are no significant estimates and assessments in respect of the valuation of interests in joint ventures. The amounts included are derived from the latest available data.
Accounting policy
The Group's interests in investments accounted for using the equity method consist of interests in associates and joint ventures.
Associates are entities in which the Group has significant influence over financial and operating policies, but over which it does not have control. A joint venture is an agreement over which the Group exercises joint control and in which the Group has rights to the net assets of the agreement rather than rights to the assets and obligations relating to the liabilities.
Associates and joint ventures over which joint control is exercised are accounted for using the equity method and are initially recognised at cost. The cost of the investment includes transaction costs. After initial recognition, the consolidated financial statements include the Group's share in the realised and unrealised results of the investments accounted for using the equity method, up to the date on which the significant influence ceases.