Investments in associates(1)

In € million

 

2017

 

2016

(1)

See note F39.

Carrying amount at January 1

 

24

 

41

Acquisition/Disposal

 

 

 

(1)

Profit (loss) for the year from associates

 

3

 

2

Dividends received from associates

 

(2)

 

(2)

Impairment (loss)/reversal

 

 

 

(11)

Currency translation differences

 

(1)

 

(1)

Transfer to assets held for sale

 

(1)

 

(5)

Other

 

 

 

2

Carrying amount at December 31

 

23

 

24

In 2016, the impairment loss of €(11) million related to the US torrefied biomass electricity generation project following the decision to exit the project.

Investments in joint ventures(1)

In € million

 

2017

 

2016

(1)

See note F39.

Carrying amount at January 1

 

473

 

357

Acquisition/Disposal

 

(19)

 

(2)

Capital increase/decrease

 

3

 

3

Profit (loss) for the year from joint ventures

 

41

 

83

Dividends received from joint ventures

 

(16)

 

(20)

Transfer from other investments

 

 

 

1

Currency translation differences

 

(39)

 

53

Other

 

 

 

(2)

Carrying amount at December 31

 

443

 

473

In 2017, the disposal relates to the sale of Dacarto Benvic. The currency translation differences relate mainly to the devaluation of the Russian ruble and the Brazilian real against the euro.