The list of associates and joint ventures is available in note F43 List of companies included in the consolidation scope.

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

In € million

 

2018

 

2017

 

Associates

 

Joint ventures

 

Total

 

Associates

 

Joint ventures

 

Total

Investments in associates and joint ventures

 

15

 

426

 

441

 

23

 

443

 

466

Earnings from associates and joint ventures

 

3

 

41

 

44

 

3

 

41

 

44

Investments in associates

In € million

 

2018

 

2017

Carrying amount at January 1

 

23

 

24

Profit for the year

 

3

 

3

Dividends received

 

(1)

 

(2)

Impairment

 

(9)

 

 

Currency translation differences

 

 

 

(1)

Transfer to assets held for sale

 

 

 

(1)

Carrying amount at December 31

 

15

 

23

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

In € million

 

2018

 

2017

Statement of financial position

 

 

 

 

Non-current assets

 

16

 

22

Current assets

 

18

 

17

Cash and cash equivalents

 

6

 

5

Non-current liabilities

 

3

 

3

Non-current financial debt

 

2

 

2

Current liabilities

 

16

 

14

Current financial debt

 

4

 

4

Investments in associates

 

15

 

23

 

 

 

 

 

Income statement

 

 

 

 

Sales

 

36

 

34

Depreciation and amortization

 

(1)

 

(1)

Interest on loans and short term deposits

 

1

 

1

Profit for the year from continuing operations

 

2

 

2

Profit for the year

 

2

 

2

Total comprehensive income

 

2

 

1

Dividends received

 

1

 

1

Investments in joint ventures

In € million

 

2018

 

2017

Carrying amount at January 1

 

443

 

473

Disposal

 

 

 

(19)

Capital increase

 

 

 

3

Profit for the year

 

41

 

41

Dividends received

 

(24)

 

(16)

Currency translation differences

 

(34)

 

(39)

Carrying amount at December 31

 

426

 

443

In 2018, the currency translation differences relate mainly to the devaluation of the Russian ruble, of the Brazilian real, and of the Indian rupee, against the euro.

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

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

2018
In € million

 

Rusvinyl OOO

 

Peroxidos do Brasil Ltda

 

Solvay & CPC Barium Strontium

 

Shandong Huatai Interox Chemical Co. Ltd

 

Hindustan Gum & Chemicals Ltd

 

EECO Holding and subsidiaries

 

Cogeneration Rosignano

Ownership interest

 

50.0%

 

69.4%

 

75.0%

 

50.0%

 

50.0%

 

33.3%

 

25.4%

Operating Segment

 

Performance Chemicals

 

Performance Chemicals

 

Advanced Materials

 

Performance Chemicals

 

Advanced Formulations

 

Corporate & Business Services

 

Corporate & Business Services

Statement of financial position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

352

 

47

 

11

 

7

 

6

 

17

 

9

Current assets

 

53

 

43

 

45

 

5

 

152

 

28

 

4

Cash and cash equivalents

 

23

 

19

 

9

 

3

 

125

 

2

 

1

Non-current liabilities

 

189

 

4

 

12

 

 

 

4

 

8

 

 

Non-current financial debt

 

160

 

2

 

 

 

 

 

 

 

8

 

 

Current liabilities

 

50

 

18

 

15

 

3

 

9

 

33

 

9

Current financial debt

 

36

 

4

 

 

 

 

 

 

 

33

 

8

Investments in joint ventures

 

167

 

67

 

30

 

9

 

145

 

4

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

183

 

73

 

80

 

20

 

40

 

6

 

3

Depreciation and amortization

 

(22)

 

(4)

 

(1)

 

(1)

 

(1)

 

(2)

 

(1)

Cost of borrowings

 

(17)

 

 

 

 

 

 

 

 

 

(2)

 

 

Interest on loans and short-term deposits

 

 

 

1

 

 

 

 

 

7

 

1

 

 

Income taxes

 

(1)

 

(6)

 

(3)

 

(1)

 

(2)

 

 

 

 

Profit for the year from continuing operations

 

5

 

19

 

9

 

3

 

5

 

1

 

 

Profit for the year

 

5

 

19

 

9

 

3

 

5

 

1

 

 

Other comprehensive income

 

(25)

 

(4)

 

1

 

 

 

(7)

 

 

 

 

Total comprehensive income

 

(19)

 

14

 

10

 

3

 

(2)

 

 

 

 

Dividends received

 

 

 

13

 

8

 

2

 

2

 

 

 

 

Other comprehensive income comprises mainly the currency translation differences.

2017
In € million

 

Rusvinyl OOO

 

Peroxidos do Brasil Ltda

 

Solvay & CPC Barium Strontium

 

Shandong Huatai Interox Chemical Co. Ltd

 

Hindustan Gum & Chemicals Ltd

 

EECO Holding and subsidiaries

 

Cogeneration Rosignano

 

Other

Ownership interest

 

50.0%

 

69.4%

 

75.0%

 

50.0%

 

50.0%

 

33.3%

 

25.4%

 

 

Operating Segment

 

Performance Chemicals

 

Performance Chemicals

 

Advanced Materials

 

Performance Chemicals

 

Advanced Formulations

 

Corporate & Business Services

 

Corporate & Business Services

 

 

Statement of financial position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

423

 

43

 

11

 

8

 

7

 

15

 

9

 

 

Current assets

 

45

 

48

 

42

 

4

 

154

 

16

 

3

 

 

Cash and cash equivalents

 

13

 

27

 

8

 

2

 

137

 

4

 

 

 

 

Non-current liabilities

 

226

 

6

 

12

 

 

 

4

 

10

 

 

 

 

Non-current financial debt

 

197

 

4

 

 

 

 

 

 

 

10

 

 

 

 

Current liabilities

 

55

 

20

 

13

 

4

 

9

 

18

 

7

 

 

Current financial debt

 

38

 

4

 

 

 

 

 

 

 

17

 

7

 

 

Investments in joint ventures

 

186

 

65

 

28

 

8

 

148

 

3

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

171

 

75

 

75

 

11

 

42

 

5

 

 

 

 

Depreciation and amortization

 

(25)

 

(3)

 

(1)

 

(1)

 

(1)

 

(1)

 

 

 

 

Cost of borrowings

 

(21)

 

 

 

 

 

 

 

 

 

(1)

 

 

 

 

Interest on loans and short-term deposits

 

 

 

2

 

 

 

 

 

10

 

 

 

 

 

 

Income taxes

 

(1)

 

(8)

 

(3)

 

 

 

(3)

 

 

 

 

 

 

Profit for the year from continuing operations

 

4

 

19

 

9

 

1

 

7

 

 

 

 

 

2

Profit for the year

 

4

 

19

 

9

 

1

 

7

 

 

 

 

 

2

Other comprehensive income

 

(15)

 

(11)

 

(1)

 

(1)

 

(9)

 

 

 

 

 

 

Total comprehensive income

 

(10)

 

8

 

8

 

 

 

(2)

 

 

 

 

 

2

Dividends received

 

 

 

9

 

6

 

1

 

1

 

 

 

 

 

 

Other comprehensive income comprises mainly the currency translation differences.