The associates and joint ventures not classified as held for sale/discontinued operations are consolidated by applying the equity method of accounting.

In € million

 

2016

 

2015

 

Associates

 

Joint ventures

 

Total

 

Associates

 

Joint ventures

 

Total

Investments in associates and joint ventures

 

24

 

473

 

497

 

41

 

357

 

398

Earnings from associates and joint ventures

 

2

 

83

 

85

 

2

 

19

 

21

The tables below present the summary of the statement of financial position and income statement of the material associates and joint ventures as if they were proportionately consolidated.

Associates

In € million

 

2016

 

2015

Statement of financial position

Non-current assets

 

25

 

67

Current assets

 

37

 

35

Cash and cash equivalents

 

6

 

8

Non-current liabilities

 

8

 

22

Non current financial debt

 

5

 

18

Current liabilities

 

31

 

39

Current financial debt

 

6

 

16

Investments in associates

 

24

 

41

Income statement

Sales

 

93

 

90

Depreciation and amortization

 

(2)

 

(4)

Cost of borrowings

 

0

 

(1)

Interest on lendings and short term deposits

 

0

 

0

Income taxes

 

(1)

 

(1)

Profit (loss) for the year from continuing operations

 

3

 

2

Profit (loss) for the year from discontinued operations

 

0

 

0

Profit (loss) for the year

 

3

 

2

Other comprehensive income

 

0

 

(2)

Total comprehensive income

 

3

 

0

Dividend received

 

2

 

2

Joint ventures

In € million

 

2016

 

RusVinyl OOO

 

Peroxidos do Brasil Ltda

 

Solvay & CPC Barium Strontium

 

Shandong Huatai Interox Chemical Co. Ltd

 

Hindustan Gum & Chemicals Ltd

 

Other

Ownership interest

 

50%

 

69.40%

 

75%

 

50%

 

50%

 

 

Operating Segment

 

Functional Polymers

 

Performance Chemicals

 

Advanced Materials

 

Performance Chemicals

 

Advanced Formulations

 

 

Statement of financial position

Non-current assets

 

476

 

38

 

12

 

10

 

8

 

17

Current assets

 

42

 

61

 

39

 

2

 

157

 

44

Cash and cash equivalents

 

11

 

36

 

5

 

0

 

147

 

8

Non-current liabilities

 

252

 

7

 

12

 

 

1

 

11

Long-term financial debt

 

224

 

4

 

0

 

0

 

0

 

10

Current liabilities

 

71

 

27

 

13

 

3

 

11

 

27

Short-term financial debt

 

47

 

8

 

0

 

0

 

0

 

15

Investments in joint ventures

 

197

 

66

 

26

 

9

 

153

 

23

Income statement

Sales

 

153

 

70

 

68

 

11

 

20

 

51

Depreciation and amortization

 

(22)

 

(3)

 

(1)

 

(1)

 

(1)

 

(1)

Reversal of impairment

 

19

 

 

 

 

 

 

 

 

 

 

Cost of borrowings

 

(23)

 

0

 

0

 

0

 

0

 

(1)

Interest on lendings and short term deposits

 

0

 

3

 

0

 

0

 

9

 

1

Income taxes

 

(12)

 

(9)

 

(2)

 

0

 

(3)

 

(1)

Profit (loss) for the year from continuing operations

 

49

 

19

 

8

 

0

 

7

 

1

Profit (loss) for the year from discontinued operations

 

0

 

0

 

0

 

0

 

0

 

0

Profit (loss) for the year

 

49

 

19

 

8

 

0

 

7

 

1

Other comprehensive income

 

36

 

13

 

(2)

 

0

 

1

 

4

Total comprehensive income

 

85

 

32

 

6

 

0

 

8

 

5

Dividends received

 

0

 

11

 

6

 

1

 

1

 

1

Other comprehensive income comprises mainly the currency translation differences.

In € million

 

2015

 

RusVinyl OOO

 

Peroxidos do Brasil Ltda

 

Solvay & CPC Barium Strontium

 

Shandong Huatai Interox Chemical Co. Ltd

 

Hindustan Gum & Chemicals Ltd

 

Other

Ownership interest

 

50%

 

69.40%

 

75%

 

50%

 

50%

 

 

Operating Segment

 

Functional Polymers

 

Performance Chemicals

 

Advanced Materials

 

Performance Chemicals

 

Advanced Formulations

 

 

Statement of financial position

Non-current assets

 

406

 

32

 

12

 

11

 

9

 

6

Current assets

 

31

 

40

 

37

 

3

 

146

 

20

Cash and cash equivalents

 

7

 

21

 

6

 

1

 

135

 

3

Non-current liabilities

 

275

 

6

 

10

 

1

 

1

 

1

Long-term financial debt

 

256

 

3

 

0

 

1

 

0

 

0

Current liabilities

 

51

 

19

 

13

 

3

 

9

 

8

Short-term financial debt

 

35

 

5

 

1

 

0

 

0

 

1

Investments in joint ventures

 

112

 

47

 

26

 

10

 

145

 

17

Income statement

Sales

 

114

 

69

 

68

 

11

 

48

 

56

Depreciation and amortization

 

(24)

 

(3)

 

(1)

 

(1)

 

(1)

 

(1)

Reversal of impairment

 

19

 

 

 

 

 

 

 

 

 

 

Cost of borrowings

 

(28)

 

(1)

 

0

 

0

 

0

 

0

Interest on lendings and short term deposits

 

0

 

2

 

0

 

0

 

7

 

0

Income taxes

 

10

 

(7)

 

(1)

 

0

 

(3)

 

0

Profit (loss) for the year from continuing operations

 

(16)

 

16

 

7

 

3

 

8

 

1

Profit (loss) for the year from discontinued operations

 

0

 

0

 

0

 

0

 

0

 

0

Profit (loss) for the year

 

(16)

 

16

 

7

 

3

 

8

 

1

Other comprehensive income

 

(9)

 

(9)

 

(1)

 

0

 

7

 

(8)

Total comprehensive income

 

(25)

 

6

 

6

 

4

 

15

 

(7)

Dividends received

 

0

 

7

 

3

 

0

 

2

 

0

Other comprehensive income comprises mainly the currency translation differences.