Note 9: Investments in associates and joint ventures

At year-end 2014, the carrying value of investments in associates amounted to €100 million (2013: €89 million) and in joint ventures €83 million (2013: €94 million). In 2014, the results from associates and joint ventures amounted to a profit of €21 million (2013: €14 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), Eka Chile SA (50 percent), Fort Amanda Specialties LLC (50 percent) and I.C. Insurance Holdings Ltd (49 percent).

Combined information of our share in associates and joint ventures

 

 

 

 

 

 

 

 

 

 

 

Associates

 

Joint ventures

In € millions

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

Condensed statement of income

 

 

 

 

 

 

 

 

Revenue

 

101

 

93

 

268

 

220

Profit before tax

 

15

 

19

 

5

 

9

 

 

 

 

 

 

 

 

 

Profit from continuing operations

 

10

 

13

 

4

 

8

Other comprehensive income

 

 

1

 

(4)

 

4

Total comprehensive income

 

10

 

14

 

 

12

 

 

 

 

 

 

 

 

 

Condensed balance sheet

 

 

 

 

 

 

 

 

Non-current assets

 

53

 

57

 

59

 

44

Current assets

 

78

 

84

 

95

 

76

Total assets

 

131

 

141

 

154

 

120

Shareholders’ equity

 

89

 

100

 

94

 

83

Non-current liabilities

 

10

 

14

 

19

 

11

Current liabilities

 

32

 

27

 

41

 

26

Total liabilities and equity

 

131

 

141

 

154

 

120