Change
Select Note

Note 11: Investments in associates and joint ventures


At year-end 2011, the carrying value of investments in associates amounted to €90 million (2010: €75 million) and in joint ventures €108 million (2010: €100 million).

In 2011, the results from associates and joint ventures amounted to a profit of €23 million (2010: €25 million).

No significant contingent liabilities exist related to associates and joint ventures.

The most significant associates and joint ventures of AkzoNobel are: Metlac Holdings Brl (49 percent), Metlac Spa (44 percent), Delesto B.V. (50 percent), Delamine B.V. (50 percent), Eka Chile SA (50 percent), Fort Amanda Specialties LLC (50 percent) and I.C. Insurance Holdings Ltd (49 percent).

Summary of financial information on a 100 percent basis

 

 

 

 

 

 

 

 

 

 

 

Associates

 

Joint ventures

In € millions

 

2010

 

2011

 

2010

 

2011

 

 

 

 

 

 

 

 

 

Condensed statement of income

 

 

 

 

 

 

 

 

Revenue

 

121

 

113

 

594

 

673

Income before tax

 

17

 

15

 

47

 

39

Net income

 

11

 

10

 

34

 

29

 

 

 

 

 

 

 

 

 

Condensed balance sheet

 

 

 

 

 

 

 

 

Current assets

 

113

 

101

 

182

 

191

Non-current assets

 

124

 

128

 

218

 

192

Total assets

 

237

 

229

 

400

 

383

 

 

 

 

 

 

 

 

 

Current liabilities

 

44

 

38

 

115

 

92

Non-current liabilities

 

29

 

29

 

88

 

79

Shareholders’ equity

 

164

 

162

 

197

 

212

Total liabilities and equity

 

237

 

229

 

400

 

383

Keyword Search
Copyright © 2012 Akzo Nobel N.V.